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
17,004 Blog Posts

Reminder: Don’t Chase Oil Stocks

Yes indeed, there will be blood. It will flow freely from your head if you continue to buy oil stocks into momentum. They are, for now, purely designed to fuck with people — mean reversion tools of destruction.

Today, for no good reason, a slew of oil stocks are up 10%, including OAS, BBG, WTI, NGL, ECR, CRZO, EMES, SDRL.

Are we seriously going to do this to ourselves? Let me be explicit: oil isn’t going higher you fucking assholes. Do you know how I know this?

History is on my side, dating back thirty years.

If you want to buy oil, do it during Xmas time, heading into 2018. What you’re doing now is wasting valuable time and resources in a sector that is bound to beat your ass until your bones break.

Look what I’m doing, jogging on with leisure, making all sorts of easy money in XIV.

What the fuck are you doing with your lives?

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13 comments

  1. acehood

    When possible can you include what you’re snacking on and/or drinking at the time of said posts?

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  2. MSGT HARTMAN

    OAS +13% since your sale

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  3. mrcharlie

    Le Fly what about an indirect oil play like HCLP? I found it as I perused the Value Line last month and it had good recommendations/ratings on there. I’m guessing it will hit the trailing stop quite soon

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  4. slippery floor

    Several millions of people in Florida were forced to drive to safety. Where I am located the lines to get gas are sometimes 30 cars long. Many have police officers at the pumps. Almost all the gas station here are empty. Do you think this could at least put a small dent in the oil usage and create at least a small trade in some of these names?

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  5. momsen92

    Is Keurig still a thing or has that FIZZled out? Try lactose free milk. It takes the evil out. Oil companies go nowhere. China abandoning combustion engines. Long live natty gas to fuel batteries. $1000 in AMZN in ’97 = $460000 today. Buy BABA BIDU TCEHY and hold for 10-20 years.

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