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
23,404 Blog Posts

Fly Sell: JEC

I sold short 10,000 [[JEC]] @ $73.65.

Disclaimer: If you sell short JEC because of this post, the next time you are at Lowes, you will be run over by a speeding forklift. And, you may lose money.

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10 comments

  1. Dinosaur Trader

    What’s the story here, Fly?

    -DT

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  2. The Fly

    A bet against industrials. Input prices up/economy weak.

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  3. Dinosaur Trader

    Gotcha… thanks.

    Boone on Bloomberg saying oil may never go below $100 again.

    -DT

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  4. CubsRock

    Grab a lil VSE corn chart looks ready to free fall.

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  5. BPOE

    For the chartodians. The Vix is forming a 5yr cup and handle. It a little fuzzy but so is the VIX. Panic selling could be soon. Maybe?

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  6. BOOMER

    Fly – how can you be long RIG but short JEC? Same with BOOM, FLS, etc. They provide the infrastructure essential to RIG’s biz. As the gas crack spread opens, as oil falls, investment in the rigs will increase. I just dont understand this. Not that you have to, but could you elaborate?

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  7. Jakegint

    Latest from Shorticus… RIG at $144.25 is a target of extreme beauty. Hold on to those tickets.

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  8. alphadawgg

    I always knew Jake was tight with Shorticus.

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  9. bestdeception

    Did you get stopped out on this yet?

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  10. The Fly

    I’m not a daytrader.

    No.

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