iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,441 Blog Posts

HURRICANE IRMA HAS DESTROYED PART OF ME ALREADY

Well, not literally — but emotionally I am scarred. Just yesterday I ventured out into the market to buy a Floridian property insurance stock, thinking Irma might veer left and “barrel up the Gulf sideways” to lay waste to some other part of the world, only to be quickly dispatched in a manner that is mean spirited and completely devoid of honor.

There I am, right at the top of the pack — UVE.

A normal person would see this and be frightened, report back to his wife the loss and move on to the next FUCKING DICK GUILLOTINE. But I am not an ordinary man, am I?

I intend to see this through, all the way down to zero. I’ve never seen an insurance stock get hammered like this in anticipation of a little thunder storm. Hurricane Irma is going to be the very worst natural disaster to ever strike Florida. It will make people rue the day they migrated down to that marsh, like birds, in the hopes for a better life.

I will not buy more today, but maybe maƱana.

Moving on, fuck the banks, truly. My FAZ is kicking ass and I am really hoping something dreadful happens to them. My hurricane resistant windows play, PGTI, is chugging along higher too, in addition to TLT, GLD and all of the other shit that I own. But let’s face it, this all PALES IN COMPARISON to the crematoria treatment I am receiving in UVE. This shit is a rollercoaster into a fucking oven and I am in the front row enjoying the view.

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15 comments

  1. drdart

    Why again are the banks effed? All because expected mortgage and loan losses in Texas and Florida?

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  2. paradox

    I for one am not amused at the lack of discipline to stay with your objective trading commitments. As someone who made the same commitment, for the same reasons (extra lost my azz), I can only hope that the same degenerate river boat gambler mentality does not take hold of me as well.

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    • Dr. Fly

      It must be akin to watching a former smoker smoking again, eh?

      Don’t worry, Le Fly is immortal and incredibly wealthy. It would take an ACT OF GOD, like a hurricane of monstrous proportions, to stop me.

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      • derp

        I’m starting to wonder if you’re cracking. I wouldn’t touch that POS over 15 dollars. Bored? Try tantric masturbation. Embrace the frustration. Fap fap fap.

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  3. oilerua

    your faz play was brilliant , moreover then so the fact that I will add heading into a catrasrophic week end , in which speculation will leverage up and wake up in a busy monday morning
    not happy to speculate on disasters .. but in this case what drives me is the fact that valuations are insane .. if a catasrophe can’t correct the market , nothing can ..
    and in this scenario , the fazmobile taxi call was just brilliant and timely

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  4. Dr. Fly

    Take the profits from the FAZ and donate them to Red Cross.

    I’ll take them and buy champagne.

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  5. oilerua

    monday comes anything over an x gain I will donate some of it

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  6. sarcrilege

    Silver lining: Living up north, these baby storms down south are creating nice rain showers up here. I am over-seeding my lawn and it’s thriving. Just loving it. Keeping it nice and moist, the refreshing gentle showers and warm ground are nicely helping to germinate grass seeds I spread in abandon. And then the Sun breaks out for 1/4 day to boost the growth of lush lawn. Just loving these hurricanes down south. I dont care how many homeless they create. My lawn looks fucking great.

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    • heaterman

      That’s the spirit!

      … if what I shall not venture to guess… but that’s the spirit.

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  7. indie

    Who knows where the next one is heading next? Wash? NYC? Boston?

    West coast it’s firestorms.

    Midwest will get some shits too.

    No escaping the man made climat change. prepare to repent for your sins. atone!

    eat your greens.

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  8. diddleyowens

    UVE rounding out a bottom now?

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  9. reversion

    LPX will get you done

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