As you know by now, iBC has been offline for much of today’s trading session. The reason was IT related.
Jeremy, iBC’s IT guy, went on vacation and left his underling, Vincenzo, in charge of the iBC server farm. In an unbelievable series of events, Vincenzo spilled his bullshit wine and olive oil all over our servers. He then re-doubled the problem by trying to repair the damage himself, using a wrench and bowl of tomato sauce.
Long story short, Vincenzo has been discharged, without honour [sic].
As for today’s trade:
I sold out of most of my [[SMN]]. I can no longer fight this price action. Apparently, inflation is out of control, causing “ag plays” to go dot com on my ass. Shocker.
During the day, I tripled my [[SKF]] positions and raised a significant amount of cash.
[[FXP]] shit the bed, thanks to large gains in [[SNP]] and [[PTR]].Oil is out of control. Do not bet against it. It is on a bee-line for $125.
Didn’t Bernanke say oil would “moderate” at $100?
Finally, I am tempted to go long [[TSO]] or [[VLO]]. However, it is hard to do so when the crack spread is so tight.
After the close, [[TXN]] disappointed, yet again. They always miss. Fuck them.
It’s important tot note the overwhelming bullishness of market participants. Trading against them has always made me money. Timing, of course, is everything.
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Don’t go for the refiners in a rising oil scenario, go for the producers. CHK is my favorite, albeit a gaseous body, much like Jupiter.
TSO, do it.
If you are looking to find a move up in refiners keep an eye on CVI. They are heavily weighted in making fertilizer for those ag companies. CVI has held up fairly well while the cracks are crushed. Plus, if a “hurricane of death” hits the gulf, it will not be affected but will reap the benefits of the crack spread finally blowing out.
rofl
CMP
Check it out biatch!!
TSO at $27. Add to position if it pulls back to $25
Welcome back. My screen tastes like Grandma Roma’s sauce.
Inre: AAPL —
Looooong term fib chart (starting from 7/14/06 and ending at the high last December 28th) shows the 23.6% fib at $168.50, which we tapped today.
Caution.
Fly,
You sold out on SMN? What was your % loss on that?
Yikes, Im going to bounce on that trade, but I am expecting at least a pullback… All ags stocks RSI are wayyy too oversold.
Look at Agrium, Potash, Any Coal Stocks…
Damn fly thats big boy size.
Anyone like PFE at $20? Thinking about parking some money in their for a few months.
TSO looks ready: http://finviz.com/chart.ashx?t=TSO&ta=1&p=d&s=l
Here Today, Gone Tomorrow.
RIP Jake the Convict
http://www.minyanville.com/articles/mortgage-banks-commercial-real-estate-boom/index/a/16824
SRS
Who is this Jake the Convict?
I believe PFE has been dead money for several years and the purchase of a Biotech Co. (AMGN?) would help their pipeline in the future but hurt the stock some more in the short term. Just an opinion.
Goddamit I am going to Washington to protest these high oil prices. These goddamn Democrats said they were going to cut the prices if they were elected and they haven’t done shit. Fuck, help a brother out my fucking DUG position is suffering Nancy Pelosi, get your ass out there and start cutting prices, just murder a few traders at the Nymex, should they bid higher shoot them on-site. Fuck. By the way please increase gasoline prices, I want oil cheap and gas high. Help my TSO position out here bitch.
The Important Matter of Jack the Convict
by The Fly on November 10th, 2007 at 9:59 pm
http://www.ibankcoin.com/flyblog/?p=25
Yes, that’s “Jack” not Jake.
(pours a little Colt .45 on the pavement)
______________________
I would now be “a bit nervous” with regards to the spouse being “inured” to the hired hit man business.
They say it gets easier with every hire.
Two questions:
1) Is the spouse of Italian descent, with many available Bensonhurst relations?
2) Have you many egregious life insurance policies umbrella-ing your family’s fiscal welfare, should you kick?
Jack the Convict died a long time ago, Fly is delirious.
Fly if I was to put a shotgun to your ballsack to extract 1 stock what would you say?
Fry, Arr you goats, berong to us!
(#2 and #3 at five and six minute mark, not to be missed)
Fly if I was to put a shotgun to your ballsack to extract 1 stock what would you say?
Preeeeze! Doan shooooot!!
That is one fucked goat. I can only hope he was a commodity speculating goat. Die goat die.
Short or Buy puts on dug and dcr. Can it withstand 2x leverage with oil going higher? Is it doomed to take a hit like dcr did.