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
23,532 Blog Posts

Getting Long Ag into Fuckery

Everyone is dazed, unable to discern which direction the market is heading. While everyone fumbles around searching for clues, I will bank egregious amounts of coin in [[AGU]].

See, investors are scared of oil. However, there still is fervent demand for commodity plays. As a result, I believe all of the commodity bound money will pile the fuck into ag names, like AGU, [[POT]], [[MOS]] and [[CF]].

Now, I am a big believer in the fact that [[OXY]], [[SU]], [[RIG]] and [[NOV]] are absurdly cheap. At the moment, I am long NOV. However, because of the stupid paradigm we are in, where the entire fate of the market is reliant upon cheaper oil, I like ag here better than energy.

Look you, I have no time to explain the intricacies of money management. Take my word for it; ag goes higher.

Now, separately, I must admit being heavily long [[MS]]. I’ve been buying the fucker like a drunken OTB guy. Moreover, at the same time, I’ve bulked my [[TCB]] short to unnatural levels.

In short, I am long ag, long the brokers, while short the big money centers, via [[SKF]].

NOTE: In the event my ag thesis is wrong, I am long [[VSE]] too.

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19 comments

  1. BOOMER

    HWAY trading like more bad news coming.

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  2. CubsRock

    MOO looks good for $4.

    I was a lil worried about ag though. Premarket POT was only up $1.50 compared to the usual $5.

    Corn Futures are back over $600 also. Looks to just be a bounce though imo.

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  3. zephler

    hey fly, you ever see BrokerB anymore? LOL

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  4. Scum Bucket Bitchez
    Scum Bucket Bitchez

    Not that anyone cares, but IMO relatively lower oil prices won’t hurt the equipment guys going forward. If increased drilling activity in the USA, KSA, Iraq, Brazil, et al, pans out they should be busy from now ’til doomsday.

    Meanwhile f@cktards like SCA, ABK, MBI, are leading this rally. Dashing through the snow…

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  5. calvino

    Scared..? Fuck no. These douchebags have depleted their trading capital and now a shitball like Lex Luthor can fuck them ten ways to Sunday. IN the days of yore, when the Queen tried to pull this shit, Soros and Rogers crashed her stinking currency. This is what every fx trader should be doing now, except they gave out million dollar split ranch mortgages in Pasadena, so they can’t raise the fucking ante. Trading with these pitiful fucks will get you disgusted.

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  6. CubsRock

    VSE is a great long term hold. I noticed they just opened one of their new plants. What do they have like 3 more new plants ready just waiting for the right time to open.

    Update, looking good right here, jumping back in with stop ~$5.69

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  7. the mexican

    fly,
    I dont understand your ag hedging strategy, its like betting 10 dollars the knicks win while betting another 10 against them. Take a side, Take risk. that strategy of yours is plain vanilla gay, be a man.

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  8. Donny

    Once everything shakes out, this market is headed to the shit hole. Including all those fucktard agricultural stocks. Right now, the intelligent and informed, wait as we inch closer to another regional bank going kaput.

    In the mean time, I watch as bagholders (aka Kudlow Followers), dance on the deck of the Titanic.

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  9. The Fly

    Mexican:

    I will have you deported shortly.

    “The Fly” always wins, even when he appears to be losing badly.

    I just threw a bunch of shit against the wall, waiting to see what sticks.

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  10. the mexican

    Some day you ignorant, uneducated, low end chart lovers will understand a bunch of dots and lines cannot be part of a good decent equity analysis. I fucking laugh about your inverted head and shoulders pattern on the nasdaq, For a second pretend you understand business cycles and economics and Sell this fucking rally.

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  11. The Fly

    Watch out, immigration is coming.

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  12. Donny

    Hey Mexican

    Trust me, all that shit is very applicable, especially in a market like this one, where traders are causing these wild swings. You have to be on top of that shit, even if you don’t believe in it. Why? Because so many other fuckers out there do believe it.

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  13. Scum Bucket Bitchez
    Scum Bucket Bitchez

    Buy covered bonds, we won’t screw you again, we promise.

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  14. G.W. Bush the Bartender
    G.W. Bush the Bartender

    Fly,

    I bet you have everything hedged, right?

    Like if you don’t like the shirt you’re wearing in the morning, you already have another shirt in mind.

    Or if the doctor cancels your prostate exam, you’re going for some drinks with your buddy Ray.

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  15. Juancho

    Donny-

    What about a “superregional” bank like KEY or NCC? They both got hit with the homo hammer last week, NCC in particular, but their mortgage exposure is supposedly off the books and they’re in the clear. KEY cut the shit out of their dividend last week, but had little to no subprime issues and they have a lot of capital.

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  16. The Zookster

    Fil Zucchi

    12:12:08 PM

    Position in SRS

    CRE…cking
    The iShares Dow Jones Real Estate (IYR) is red in a sea of green. I suspect it has to do in part with the dire statements made by the CEO’s of Jones Lang LaSalle (JLL) and CB Richard Ellis (CBG) on this morning’s calls. I will post the relevant portions once the transcripts are available, but suffice to say, things are getting really really bad out there.

    If you don’t want to believe these guys – and remember, they are the eternal optimists – take a ride up and down the Dulles Access Road in Northern Virginia where you can admire dozens of completely empty, brand spanking new, spec office buildings.

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  17. The Fly

    Fuck You Bush. Cocksucker.

    I lost 19 points on 8,000 SKF yesterday. How’s that for hedged?

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  18. JakeGint

    Or if the doctor cancels your prostate exam, you’re going for some drinks with your buddy Ray.

    I have no idea why that was so funny.

    But it was.

    Very.

    __

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  19. baby shotta

    fuckery is one of my favorite words.

    the fly musta seen the movie shottas

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