iBankCoin
Joined Jan 1, 1970
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More Vacationland, and a Quick Jig for the RIG Gig

Back from a day of rocky coast sunbathing amongst some of the most egregious white people (and I mean like “blinding”) east of the Mississippi.    I think the whiteness may have to do with most of them being part polar bear, seeing how they can swim amongst ice floes with seemingly no hypothermic results.   Perhaps its the abundant seal blubber? 

Whatever the case, there’s no need of “sunblock” up here, at least, as the sun that does fall to earth here arrives at an angle similar to the one that illuminates the Greenland Ice Shelf.   As a result, even the most Hibernian of complexions can frolick in mid-day direct solar effrontery without fear of chill reduction, never mind melanin reaction.

Leave the aloe at home, ovah heah.

Two things I saw — a lot of Tevas and tie-dye tee shirts.    Two things I didn’t see, “pool shoes” (or whatever) and waxed eyebrows.   A lot more monobrows than metrosexuals, if ya know what I’m sayin’.    

The best, however, are the old-line preppies walking around with their madras shorts, salt-rimed LaCoste polos and tortoise shell grandpa sunglasses, with maybe a Yale Yachting cap to top off the cheery ensemble.   These people are great because they really have no idea what the hell they are doing in Maine, yet they are bound by tradition to be here.   I’m sure their teenagers are thinking “Buffie, what in God’s green are we doing on this godforsaken freezing cold  rocky beach when we could be pounding chillies in Easthampton or at least on the Vineyard?”  Such remarks, if uttered aloud, will earn them a “hard stare” from Mama Muffie, though in her heart she may share the wistful sentiment.

As a result, they all have this vaguely dissatisfied look, and you can almost kind of sympathize.   Sometimes it’s not good to have money from the 19thcentury, especially when it includes Great Grampy’s Ocean View bought in an era where it was “low class” to get one’s feet sandy, and only the “townee” servants actually touched the seawater (inadvertantly, and whilst collecting the lobster pots).

Moral of the story: If you are going to be born in a blue blood family, try to aim for New York or Philadelphia,  with the Hamptons or Cape May house on the balance sheet, in order to avoid getting stuck summering in “Vacationland.”    Boston is just too risky, and anywhere north of there, fugheddaboudit.

Bidness:  RIG is in an interesting place, as you can see from it’s weekly Fib chart here.   If it can get a rally off these levels, it might be a nice hold into the winter months, whilst everything else returns to shit.  

But be cautioned, as the 13-34 week negative crossover is also sometimes caused “The Cross of Mass Bludgeoning,”  and can lead to much weeping for a long.   A bounce here, however would negate that imminent move and perhaps, bring much joy instead.   I’d say that 38% line will tell the tale at $124.38.  (click the graph twice to see it up close):

Back to braving Nor’easters and overconfident kayakers.   Ciao.

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2 comments

  1. The Fly

    Great post.

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  2. JakeGint

    Thanks, I’m glad someone’s readin’ em!

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