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
16,985 Blog Posts

LOOKING FOR OIL TO GET KNOCKED THE FUCK OUT HERE

My VIX trade is more or less an avocation, something that I enjoy doing in my spare time. Where I really enjoy placing my money is betting against oil and biotech. These are two industries on opposite sides of the spectrum, one representing industry and grit, the other faggotry, science and scam artists.

I endeavor to profit from the destruction of both industries via DRIP and LABD. I was in these trades early and I told the gents in Exodus we were early — but the payoff would be grande.

Pray tell me, was I lying?

The oil sector is up 15% over the past 3 months. I am merely looking for all of those gains to be revoked. The market can do what it likes, trade up, down, sideways — who cares? Oil is going down.

“The Fly” is back, major dick swinging here. I have one or two more trades that I want to execute. Stay tuned.

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4 comments

  1. jtizzle

    Really nice call on DRIP pal.

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  2. duuude

    Great call

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  3. joyous__ending

    It’s rather odd to have seen a strong Sep, Oct and a weak Nov, Dec, but that may be what we are getting.

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  4. dlrago8

    Fly – take the 10% on LABD and switch to LABU? What say you to that idea sir?

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