Think about this for a second. We were on the brink of a total global meltdown, and somehow the Gov’t managed to pull a rabbit out their ass. I’m not saying it’s straight up from here, but you got to believe we rally the rest of the week off the AIG news.
Did I mention it’s option expiration week. Do you relize how much money will be made the rest of the week? Stock have been beat to a pulp!!
I have a lot of scanning to do tonight, I’ll be sure to share my results.
For those that missed the weekend special, here it is again (Note: make sure the volume is on):
[youtube:http://www.youtube.com/watch?v=yIY2pQJdPps 450 300] If you enjoy the content at iBankCoin, please follow us on Twitter
Whatever dude.
Buy Gold! We might as well start using Canadian Dollars.
in FCX, almost pulled the trigger in AUY today.
I can have “whatever I like”?!
How ’bout a late day rally?
we’ll rally to 1265 tops then get crushed like leftover children at an over-crowded orphanage. No biggie. I got a radio flyer filled with cash prepared.
maybe, in a ludicrous world, 1295
I am not buying into this theory of a rally until Cramer jumps on the table and declares another bottom.
RC: I am posting this on your blog, as I did not want to be comment number 133 on The Flys post.
I just did an update on my Crack Spread calculation that I started on the PG. Over the last couple of days it has gone from around $15 to $14 and NOW $13. So those refiners everyone has been buying are going down (or sideways), not up.
Crack Spread = $13.58
However, ALJ (the only refiner I bought), is going up. Go figure.
Buyout? Short Ratio? God’s helping hand? I do not care, as long as I am banking coin. The other refiners, I will not be touching at all.
$13.58 is above the average for the past 5 yrs.
Cubs: Do you suppose that the other expenses have gone up?
Maintenance costs, environmental costs, human costs in the last 5 years. Relative costs are way up compared to 5 years or 2 years ago. Try hiring good staff in the oil biz at the moment and see what the costs are, or even if you can find someone.
The Crack Spread is their income after paying for the input costs, not after paying for their operating expenses etc.
However, I am only looking at the movements relative to recent moves. This tells me it is not up.
Maybe you should grab yourself a chart.
Cubs: smart comment, but entire useless. Bring something else other than wit to the table, thanks.
Just trying to help you see what’s going on.
Carry on.
OK thanks.
But “Maybe you should grab yourself a chart.” that did not help.
Try again. I am most welcoming to help.
Would this help you?
http://www.bloomberg.com/apps/cbuilder?ticker1=CRK321M1%3AIND
LOL! Holy schit, how did I miss that vid? Oh yeah, I forgot, I’ve been “Iked.”
Excellent song choice, btw… one minor edit — Lehman did not get “whatever it liked…”
_
Cubs: No, does not help to RE-post the link I posted last week. Nice try though. I am done here. Go buy a refiner, dude. I sold out of my ALJ now from $10 -> $14
Jake, are you still without power at your house? Sorry to hear you got “Iked”.
RC, am I seeing a bear flag developing just below the 200 day MA for GTLS? I’d love it if someone could confirm that for me.
Not buying here, my TSO cost basis is $14.88…
Cubs it’s looking like I will make a nice profit on my TSO calls today.
You can’t go wrong taking profits in this market. I’d give TSO a chance to break this $17.40 and head back to $19.
Crack Spread has DROPPED to $13.
Still got yourself a $19 target Cubs. Oh Wait, I remember the Crack Spread is above average, so therefore we go up.
$19? I’m holding TSO until at least $33 or a buyout, whichever comes first.