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
23,426 Blog Posts

Get Short, See Where it Gets You

Tonight, “The Fly” will begin blacklisting certain people who comment on this “high-end site.” This isn’t yahoo message boards, where assholes reside and discuss nazism and the importance of the “New World Order.”

I’ll have you know, this is NOT a democracy. This site is to be ruled with an iron fist, where only Fly’s ideas are relevant, while Woodshedder’s are just the ramblings of a sour southerner—still mad at being on the short end of the “Civil War stick.”

Today was a perfect consolidation day. Aside from select financials, like ETFC, FMD, COF and DSL, the market was orderly.

The UAPH buyout caused a buying frenzy in other agriculture related plays, like  LNN, MOS, VMI, MON, POT, CNH and BG.

Being long the ag space is for everyone. It’s for the inflation hawks, who believe we are in the midst of a multi-year commodity bull market. And, it’s for the global growth guys, who feel “ag is the way to go,” since China and India are “growing so fast.”

In short, if “The Fly” can teach you anything, it is to pay attention to what is working in bad markets.

God willing, “The Fly” will put together a short list of “shotgun to the head” ag picks—in order to help “simple internet folk” make enough money to pay their grocery bills.

Ironic irony.

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31 comments

  1. The Fly

    DevilDog:

    Last warning:

    If you don’t shape up quickly, with regards to your sub quality posting and low IQ rants, I will blacklist you, tonight.

    I want you here, but will just as easily like to see you dead.

    It’s up to you.

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  2. Juju bear

    While I can be bearish, I am not bearish for the sake of being bearish. Comprende?

    Here are some stocks that I do like:
    RIG, MCD, MA, BA, LMT, SLB, INTC, HPQ

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  3. The Fly

    Liar!

    Thief!

    Snitch!

    Misfit!

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  4. DEVILDOG

    Fly:
    No problem. I’m buying some RIMM, ACF, VMI and DELL in AH right now before the big rally tomorrow! Thanks for the heads UP!
    Your friend,
    YHOO IGNORANT 3RD GRADER DD

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  5. Juju bear

    What? ….I’m just saying….I’m not a total bear.

    Go eat a turkey sandwich and take a nap.

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  6. TravelinLight

    Want diversification in the agriculture space: MOO

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  7. Juju bear

    MOO—That’s cute, in a gay kind of way….not that there’s anything wrong with that.

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  8. DEVILDOG

    Alert: I’m buying some DRYS, F and GM also due to global growth.

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  9. alphadawgg

    Shippers–Day rates have almost doubled in the past 2 months. Should be reflected in Q4.

    QMAR looks good for a pop.

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  10. malt liquor Bull

    dont forget the tobaccos,gotta have my smokes.maybe their making them with fertilizer now.Hmmmmm

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  11. DEVILDOG

    Alert: I just covered all my SHORTS including any QIDs that were under water. With my remaining funds, in addition to above BUYS, I’m buying QQQQs, CFC, HOV, semis, C, BSC, SBUX and SHLD for the XMAS run to 16K which foreshadows GDP of 4.5% and EPS growth of 18% for ’08!

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  12. DEVILDOG

    I just finished giving my boyfriend a rim-job. All the bear pressure has been lifted. Go bulls…Asshats!

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  13. SaNTa

    Nooo…. This is the rise of the Fourth Reich!!!111

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  14. broken A

    And I bought GRMN, RIMM, GOOG and FCX at the close…

    Tavis McCourt put up an outstanding display of ASSHATTERY by downgrading RIMM.

    Let the bulls piss on his dead skull – JACK NICHOLSON STYLE…

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  15. DPeezy

    What’s with RIMM options having crazy strike prices like 103.375, 106.625, 113.375, etc. in between the usual $5-increment strike prices? One too many for the option writers? WTF?

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  16. The Zombie

    The Fly is God

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  17. Alvari40

    We get a +140 day on Tuesday, this oversold condition has been fully corrected.

    Anyone know what happened to Cigars?

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  18. BOOMER

    devildog, you really do post some crazy asshatted nonsence. you should stop.

    i wanna know where jake is? acts like he has a day job or something.

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  19. Frosty

    FLY…interesting change of behavior…I don’t know what to make of it yet, but is ok to tell you when I do?

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  20. Frosty

    WOOD…should you articulate your time frame your posts may be more acceptable…I’m short tons of stuff for a trade…long a ton of stuff not wanting to sell it….you the Fly on the poles, Frosty in the middle…it helps all to know, unless you are just a perma bear, then just say so.

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  21. JakeGint

    Boom —

    Sorry, for some reason these fucks all want to get closed before the year is out.

    Can you imagine the balls?

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  22. Woodshedder

    Frosty, get a grip, I went bear in early November. Check my other blog, it has the post for when I sold most everything and started buying inverse ETFs.

    I will get bullish again with a capitulation/panic bottom, or at the very least, a successful re-test of recent lows, or if the indexes can over take the resistance outlined in my Bulls Led To Slaughter post.

    Maybe you and others can trade both sides, long one day, short the next, but I was never very good at that. I think one has to decide on direction for at least several weeks, and stick with it. At least that is what works better for me.

    Also, what does it mean to have longs you don’t want to sell, but yet you readily acknowledge the significant weaknesses? In fact, you are apparently shorting stuff.

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  23. Woodshedder

    Frosty, I think my posts are “unacceptable” because I’m right.

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  24. Frosty

    WOOD…dude not an attack…and you well may be right in the long term, no problem there with me….just consider who you are speaking ie the FLY comments his last couple of posts…there is middle ground and great trades will appear as the future unfolds, it is just a matter of perspective bro…I have posted short HMC and long OSIP recently just so you know where I’m coming from…you know a pig in this tape is the second to die, baby bears are the first cooked…that is by design, the FLY understands that and so should you.

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  25. Woodshedder

    Kewl Frosty. We’re alright. Sometimes you’re a bit cryptic.

    Let me be clear- I think trying to play longs for a bounce here is a big mistake. I think the big money is going to be made by setting up strategic shorts, and scaling in at these levels. I’m not talking about going all in. I’m talking about preparing for the rest of a correction. Most, when/if it happens, will have spent so much time trying to finds longs to bounce that they will miss any possibility of getting short early. Then, they will get short, right before the next relief rally.

    When the Fly decides he’s had enough of my bearshitting, he’ll let me know. Until then, I’ll continue to make my case.

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  26. The Fly

    I love the bear stuff.

    Providing “The Fly” is wrong, Wood will be right.

    Hence, in other words:

    Fly wins again.

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  27. Woodshedder

    Exactly.

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  28. Danny

    “you can’t fuck with mathematics”
    -Wu Tang

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  29. newequity

    this is hilarious, being gay in Alabama.

    http://www.youtube.com/watch?v=DII65gLPF88

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  30. Bulletin News

    Awesome view on Get Short, See Where it Gets You. Always enjoy this blog.

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  31. Daniel

    I couldn’t understand some parts of this article Get Short, See Where it Gets You, but I guess I just need to check some more resources regarding this, because it sounds interesting.

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