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
21,907 Blog Posts

Late Night Thought

Fuck fat folks.

No offense to obese people, of course.

Coming soon to iBC: Why Vulcan Materials Company [[VMC]] is a piece of shit and who should be selling it short.

Here now Update:

VMC Vulcan Materials misses by $0.17, misses on revs; guides FY08 EPS below consensus (68.50 )
Reports Q2 (Jun) earnings of $0.93 per share, excluding divesture, $0.17 worse than the First Call consensus of $1.10; revenues rose 16.2% year/year to $1.02 bln vs the $1.07 bln consensus. Co issues downside guidance for FY08, sees EPS of $2.85-3.25 vs. $3.29 consensus.
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44 comments

  1. boca

    Anything in particular bring on this thought? The price of donuts or something?

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  2. BUSTER

    Someone drink your milkshake?

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  3. cajun

    lol

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  4. Prospectus

    Same to corporate IT “little men” who blacklist the internet, up to and including this Godly site.

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  5. calvino

    You did fuck them Ray. No more ninety nine cent McCheezburglars. Crock.

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  6. Junk Spread

    Fat people are a source of amusement. The FUPA itself is worth their existence. Oh, and the way their egregiously fashioned thighs appear to form a common unit, giving the appearance of a split tree trunk while walking. Fat people are gay.

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  7. BUSTER

    .

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  8. canuck visionary
    canuck visionary

    Continue circling your bowl, yankee fuckers. The flush is coming.

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  9. Woodshedder

    Wait a minute…is that fucking Danny, masquerading as Junk Spread?

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  10. JakeGint

    I have the explanation.

    Fly took the kids to Rye Playland this weekend.

    He brought the video camera, of course:

    __

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  11. Junk Spread

    Nope, Wood. It is I, the one and only Junk Spread. Danny’s knowledge of TA (and T&A for that matter) pales in comparison to my own. You know how you’ll always be able to tell it’s me? I’ll be the one knowing what the fuck I’m talking about.

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  12. Woodshedder

    lol…well, you’ve either been lurking here for a long fucking time, or you are a regular with a new handle. Either way, cool.

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  13. Junk Spread

    Handjobless,

    Notice how the stupid one (that would be the woman) is laughing uncontrollably. She just witnessed the FUPA that little fat fuck is sporting.

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  14. Junk Spread

    I’m off to count my fucking money, fags. I’ll let you know the total tomorrow after I find out of the FDIC is going to cover all the losses that I siphoned out of Fly’s brokerage account…

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  15. JakeGint

    I thought it was the boytitz, myself. Notice how they act as frictive brakes on his near-death plunge?

    Btw —

    Danny, are you making a comment on your junk at this moment, by any chance?

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  16. The Fly

    Junk:

    Stick your charts in your right ear sideways.

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  17. The Fly

    Tomorrow, remind me to explain why VMC is one of the worst companies in the country.

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  18. JakeGint

    Is it because they are run by space aliens without emotional response?

    Who just happen to “drop killah beatz?”

    __

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  19. calvino

    Canuck, I am appalled by the unwarranted drop in the loon. In fact, I just bet it’s taking some back as we speak.

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  20. calvino

    as I am closing my overnight positions, I am sure that there will be bullshit spread a foot high off that Fannie report. This is now losing its pleasure, trading in a socialist market. It has lost its pleasure.

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  21. Brett Favre

    Fly, could you use another trader/servant?

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  22. Juice

    AGU destroys/annihilates/nukes estimates of 3.12 with 4.00. This is for the quarter, not the year. The stock should double today, carrying the ferts to egregious gains, or back to resistance at the double bottom, triple sell breakdown, quadruple seismic quadrangle points of previous support.

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  23. Topper Harley

    Transocean-RIG reports Q2 EPS $3.45 vs. consensus of $3.23
    Reports Q2 revenue $3.1B vs. consensus of $3.05B

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  24. Phil_from_Brazil
    Phil_from_Brazil

    Fly,

    Thnx for the heads-up on VMC. Yeah, that’s one of the worst reports I’ve seen all year. They look pretty fucked.

    I like their chart a lot too — stock went into this number overbot, which means a lot of money might be trapped and trying to get out from the open. We’ll see…
    It’s one of my top radar-list stocks for this morning.

    Cheers,

    Phil

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  25. Dinosaur Trader

    Hate on fat people if you wish, but they’ve propped your old favorite BWLD back up to an interesting level.

    Also big Costco shoppers.

    -DT

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  26. Larry Kudlow

    AGU up 1.85 on that number. Stock would be down $80 if they missed. God bless America, drill drill drill!

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  27. Lawrence Cudlow

    Free market capitalism is next best path to prosperity, right behind crybaby crony capitalism.

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  28. boo

    .

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  29. Tupac

    Born thuggin and lovin the way I came up
    Big money clutchin, bustin while evadin cocaine busts
    My pulse rushin, send my pulse into insanity
    Shout at my cousin now we bustin if they yo’ family
    The coppers wanna see me buried, I ain’t worried
    I got a line on the D.A. cause I’m fuckin his secretary
    I black out and start cussin, bust ’em and touch ’em all
    They panic and bitches duckin, I rush ’em and fuck ’em all
    I’ll probably be an old man before I understand
    why I had to live my life with pistols close at hand
    Kidnapped my homey’s sister, cut her face up bad
    They even raped so we blazed they pad
    Automatic shots rang out, on every block
    They puttin hits out on politicians, even cops, I ain’t lyin
    They got me sleepin with my infrared beams
    And in my dreams I hear motherfuckers screamin
    What is the meaning, when thugs cry?

    (Chorus:
    Battle scars and closed caskets that multiply
    mother fuckers die
    dont ask why
    we dont shed tears we shed blood
    do you still want to be a thug?
    when thugs cry
    )
    Heh.. maybe my addiction to friction got me buggin
    Where is the love? Never quit my ambition to thug
    Ain’t shed a tear since the old school years of elementary
    Niggaz I used to love, enclosed in penitentiaries
    But still homey keep it real, how does it feel
    to lose your life, over somethin that you did as a kid?
    You all alone, no communication, block on the phone
    Don’t get along with yo’ pop, and plus your moms is gone
    Where did we go wrong? I put my soul in the song
    to help us grow at times, but now our minds are gone
    We went from brothers and sisters, to niggaz and bitches
    We went from welfare livin, to worldwide riches
    But somethin changed in this dirty game, everything’s strange
    Lost all my homies over cocaine.. mayne
    See they ask me if I shed a tear, I ain’t lie
    See you gotta get high or die, cause even thugs cry

    [Chorus]

    [2Pac]
    And all I see is these paranoid bitches, illegal adventures
    Bustin motherfuckers with uppercuts, I leave ’em with dentures
    Cause in my criminal mind, nobody violates the Don
    I write your name on a piece of paper, now your family’s gone
    Why perpetrate like you can handle my team?
    So merciless that my attack’ll take command of your dreams
    Leavin motherfuckers drownin in they own blood
    Clownin takin pictures later
    Laugh bout the punk bitches, that turned snitches
    Regulate my area, the terror I represent
    Makin yo’ people disappear, you wonderin where they went?
    Am I cold or is it just I sold my soul?
    Addicted to these streets, never find true peace I’m told
    Come take my body God, don’t let me suffer any longer
    Smoke a pound of marijuana, so I know it ain’t long
    Where is the end to all my misery, is there a close?
    I suppose that’s why I murder my foes, when thugs cry

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  30. anonymous

    Fly, why is Vulcan one of the worst companies in the country?

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  31. Juice

    The Recovery and the Storm

    Todd Harrison Aug 06, 2008 7:45 am

    Global economic turmoil isn’t going away just yet.

    “Many times I’ve loved and many times been bitten. Many times I’ve gazed along the open road.”
    –Led Zeppelin

    They say what the market knows isn’t worth knowing. Investors around the world hope that once again proves true.

    The US housing market is in its worst shape since The Great Depression.

    Japan is about to declare a recession.

    China is technically broken in front of the Olympics.

    Iran snubbed its nose at the Western deadline on its nuclear program.

    Consumers are grappling with the worst inflation in 27 years.

    HSBC (HBC) Chairman Stephen Green described financial markets as being “the most difficult they’ve been for several decades.”

    The Royal Bank of Scotland (RBS) is expected to post the biggest loss in British banking history.

    The doom and gloom is palpable and it’s enough to make the most fervent bears run for cover.

    If only it were that easy.

    Last summer, Minyanville offered that if the wheels fell off the financial wagon, we were well warned.

    One year later, financial stocks are down 35%, analysts have chased the market lower and the same pundits that calmly assured us to “Move on—there’s nothing here to see!” are screaming “Apocalypse now!”

    As John Maynard Keynes once said, markets can remain irrational longer than investors can stay solvent. Widespread anxiety, in and of itself, isn’t a valid reason to swim against the tide.

    With the markets however—as with life—the destination we arrive at pales in comparison with the path that we take to get there. Therein lies the opportunity—and yes, the risk—in trading that journey.

    The Jedi Mind Trick

    I offered last week that we may be seeing the manifestation of an upside agenda into the election. The two components of that dynamic were higher equity prices (so corporate America can issue secondary offerings) and lower crude, possibly to $100/barrel.

    The key to affecting that reality is collective perception and that speaks to the importance of “higher lows.” Since the S&P closed at 1235 on July 15th, the bulls held higher ground at S&P 1235 on July 28th and S&P 1250 on Monday. Through a pure trading lens, those latter levels can be used for near-term risk definition.

    Should they remain underfoot, an upside scamper becomes more likely with time. When and if that manifests, performance anxiety would percolate as fund managers eye their third quarter letters. It’s a bit forward-looking but that’s how the market trades and we must as well if we’re to keep up.

    As discussed in real-time on Minyanville, I’ve been operating from the long side with an eye towards this evolution. It should be noted that my stylistic approach is different than it was into the July lows. At that juncture, given that the markets were massively oversold, I scaled into exposure as a function of price.

    With respect to this set-up, I initially set stop-loss orders below my entry levels to keep a tight leash on my exposure. With each leg higher and each “higher low,” I rolled my stops to the underbelly of newfound support.

    Successful trading is about ascertaining an advantageous risk-reward. This particular set-up, as it stands, continues to do just that.

    One Step at a Time

    In the end, markets will do what markets do. The only elixir for what ails us after years of financial engineering is time and price. The government will give the market all sorts of drugs but in the end, it must take its medicine.

    That reality has crept into our consciousness but it’s a process until the point of collective recognition. The shifting social mood and the attendant risk reduction will last for years as learned behavior and behavioral excess is unwound. Once it has, we’ll be ready to build anew.

    Just as everyone was bullish last spring and summer, however, nothing comes easy in a bear market and the crowd is rarely rewarded as a whole. We can debate our standing on the denial-migration-panic continuum but mainstream psychology is a toggle not a toss.

    It’s called the path of maximum frustration. Get used to it because it’ll be with us for a while.

    When we chew through this prolonged period and find our way to the other side of the cycle, we’ll likely see an inside-out recovery—one that turns investors inside out by the time we recover!

    That may well include a run into the election to embolden the bulls (how I’m trading my short-term portfolio) followed by a harsh comeuppance as the bears reclaim their fame (my long-term savings remain 100% cash, backed by T-bills).

    When we finally find our way to realistic economic building blocks, the recovery—a sustainable, legitimate, powerful, recovery—will look unfamiliar to many.

    It will be worldwide not stateside with risks and rewards on a massive global scale.

    The trick is to be there once it arrives and the ability to sync our time horizon and risk profile will greatly improve our odds of success.

    Remember, the dot.com prophecy came to pass but not before shaking the foundation of the system.

    Globalization will play out in much the same way once it claims its maidens.

    Discipline over conviction as we continue to find our way.

    R.P.

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  32. Juice

    http://www.bloomberg.com/apps/news?pid=20601109&sid=ab8tLRN2gZWo&refer=home

    FCX in takeover crosshairs

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  33. pay attention

    Say it ain’t so Joe!!
    Bove cut LEH!!

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  34. Juice

    fm MV –

    Rusty as it may be, there’s some truth to the adage that the sharpest rallies occur in bear markets. This morning Merrill’s David Rosenberg noted that the Nasdaq – “the epicenter of the last bubble burst” – posted three 30%-plus rallies from 2000 to 2002 on the way to a larger 80% collapse.

    Meanwhile, technically, the bullish percent indicators we track through Investor’s Intelligence show demand in control (albeit in a bear market context) and looking at the S&P 500 cash in DeMark terms on the daily and weekly charts, we now have a couple of targets to put this bear market rally in context.

    First, a close above 1284.70 today would increase the probabilities of a continuation move higher to potentially 1348 over the next few weeks. That level is also a corresponding relative retracement level from the recent July low.

    Note as well that on a point and figure basis, a move to 1290 would break a triangle, though in the context of a downtrend. As we noted in Five Things yesterday, higher equity prices are critical to relieving the first leg of the debt crisis for banks. This will allow banks to recapitalize at the higher levels investors now require, though at some cost to existing shareholders in dilution. Nevertheless, this, not moves in short-term interest rates, is what is meant by another rusty old saw – “don’t fight the Fed.” Only now, it is don’t fight the Feds, meaning the coordination among global central banks, Treasury, monetary and fiscal policies.

    Fear works both ways, higher and lower, and The Fear is now concentrated among those who are pursuing the bearish case, not among bulls.

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  35. Hotentot Bushman
    Hotentot Bushman

    Bruce, there is wisdom in Harrison’s words.

    He’s a pretty decent writer, as well. I’ll have to keep an eye on him.

    __

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  36. PharmPhucker

    Listening to the RIG cc. The CEO is gay. If you own this stock you’ll catch HIV.

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  37. Juice

    George Bush-man , I believe there are 2 t’s in your first name? – Hottentots

    yep, Harrison’s a good man & wise trader

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  38. Juice

    Scott Rothbort
    FCX As A Target Is No Surprise
    8/6/2008 10:26 AM EDT
    Patrick Shultz mentioned earlier reports that Vale (RIO) might be interested in acquiring Freeport McMoRan Gold & Copper (FCX). I mentioned yesterday that the stock was sold off too much for potential buyers not to take a hard look. I mentioned BHP Billiton (BHP) as possibly being on the lookout as it may have backed off from Rio Tinto (RTP). This whole sector is higher as copper prices rebounded and takeover talk is getting hot. If RIO goes after FCX I would not expect Kloppers at BHP to sit idly by. FCX could be the subject of a good old fashioned bidding war in my opinion. This industry is primed for consolidation. Of my package of holdings in this sector, FCX is by far the largest.

    Position: Long stock – FCX, BHP, RIO

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  39. JakeGint

    Sometimes I think iBC chooses a name for me… at random.

    __

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  40. JakeGint

    Heads up on the Russell ($RUT) — look at the two year chart.

    Anyone see a left shoulder forming, ovah heah?

    Or am I just thinking magically, not unlike the literary stylings of Gabriel Garcia Marquez?

    __

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  41. Can of Corn Humper
    Can of Corn Humper

    Good ole fashioned short squeeze in the worst company in the country.

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