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
23,599 Blog Posts

Dig Yourself a Coal Hole

Quit bellyaching about the fucking market and do something about it. We have morons with the black lung mining coal for us office types, yet we show them zero appreciation. Be a true American; buy coal stocks!

As you know, I own Peabody Energy Corporation [[BTU]] and Walter Industries, Inc. [[WLT]] . However, there are others worth looking at, such as Massey Energy Company [[MEE]] , Arch Coal, Inc. [[ACI]] , Patriot Coal Corporation [[PCX]] , CONSOL Energy Inc. [[CNX]] , Yanzhou Coal Mining Co. (ADR) [[YZC]] , Alpha Natural Resources, Inc. [[ANR]] and Foundation Coal Holdings, Inc. [[FCL]], mainly for shits and giggles.

Now, before digging yourself into a “coal hole,” you need to understand the difference between thermal and coking coal. One is used for heating your bullshit house, while the other is used for steel production. Getting long both BTU and WLT gives you a little of both.

Aside from that, I am hungry and will now make my way to the local deli for a fucking sandwich.

Developing…

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29 comments

  1. Juice

    Pay attention to the man now speaking, RP – hopefully Bernanke & the rest of our fucktarded representatvies are paying attention

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  2. ShortBus

    Ron Paul moving the market. Hacking Big Ben down to size.

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  3. ShortBus

    Oh well Ben fought back, and won. Next please…

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  4. TraderCaddy

    Good point Ron Paul and counter-point Uncle Ben.
    Back to Eddie Haskell.
    Fly- Please pick me up a corned beef on rye- extra mustard.
    They don’t know how to make these here. I think they put mayo on their pastrami and corned beef sandwiches.

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  5. Anton Cigur

    “j”

    One day you’re attacking all Americans on this site, the next you’re sliming Fly, the next you’re attempting to fellate him via the internet and whining that the Aussie government is late with your welfare check.

    It’s okay. We realize that if it’s after 7am it’s just the Foster’s lager talking.

    Nobody cares about your problems.

    Go fuck a dingo.

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  6. JakeGint

    I think they put mayo on their pastrami and corned beef sandwiches.

    Gasp!

    _

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  7. Market Fool

    These politicians are more clueless than a gay 3 legged romanian goatfucker.

    Cool, lets place a surtax on people who make over $1M a year. Great idea dipshits! So, they will pay another $100K on top of the $350K they are already paying. So, if their Gross Income is $1M they take home $550K not to mention all the other bullshit fuckery costs. If I’m making $1M and taking home only half why the fuck would I want to ramp things up to make more bread? I will in fact ramp things down and actually make more (take home) money.

    These politicans have one purpose: gay goat herding

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  8. Ron Paul

    Y’all had a chance a year ago to get me into a position of real power and y’all blew it…chickens? roost? anyone?

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  9. JakeGint

    Ron, you’d have everyone wearing their underwear on the outside by now.

    __

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  10. Int'l Union of Gay Goatherders
    Int'l Union of Gay Goatherders

    We’re a closed shop.

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  11. Congress

    We heard your challenge, fucker, and guess what?

    You’re on.

    _____

    Oh, and don’t mind this 150% tax we’re going to put on coal, instead.

    Heh.
    ____

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  12. TraderCaddy

    Yes, putting mayo on a corned beef or pastrami is like putting ketchup on a hot dog, especially a Chicago style hot dog. It’s Un-American.

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  13. The Fly

    I like my hotdogs without low end condiments.

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  14. potatomuncher

    KOL if you guys want the full basket without all the transactions

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  15. Robert Downey Jr

    Fly,

    What if I only want to play with the thermalcoal? Any suggestions? American, with good access to transporation infrastructure? Thanks!

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  16. Ozark Hillbilly

    Damnit, there went my Robert Downey Jr alias.

    Anyway, I’m betting on a cold winter, and I don’t think there will be much demand for steel.

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  17. Woody Harrelson

    At least Bob won’t be playing with my hash pipe…

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  18. TraderCaddy

    Woody-
    Was your Dad allowed to wear a hemp jumpsuit while in prison?

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  19. Barney F-f-f-rank

    Did someone say hotdogs and m-m-mayo?

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  20. Kudlow

    I love hotdogs and beans – off the lows, of course!

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  21. Juice

    Fil Zucchi

    12:02:09 PM

    Position in CNX

    Alert alert!!
    Coal miner Consol Energy (CNX) warned of lower production for this quarter because of… a series of very lame excuses. The stock opened down 10%, but just now tickled back into the green!!

    As they say, sometimes the reaction to the news may be more important than the news itself. I am long CNX as my coal marker in my energy basket.

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  22. Donny

    A nice analogy of this bear market vs. prior:

    http://www.youtube.com/watch?v=3jPoqRVnuYc

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  23. KC Trader

    The Fly Says:

    I like my hotdogs without low end condiments.

    So, what are high end condiments?

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  24. charlie

    Grey Poupon

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  25. The Contractor

    cavier, white wine sauce, you know, fancy stuff.

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  26. The Contractor

    [sic]

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  27. Long Coal

    Market Fool, I’d like to see MY tax plan implemented.

    110% tax on everything over $200K. And then I wish you would make 2 million a year- GROSS.

    Why the fuck does ANYBODY need an annual spendable income over $150K. FOR WHAT THE FUCK??

    Eat Double Cheeseburgers, you worthless do-nothing bitches, brokers, bankers and CEO’s.

    And get a REAL job like shoveling cowshit or cleaning terlets.

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  28. charlie

    Long Coal, clearly you need to watch the above commercial. It’s about enjoying the finer things in life old chap.

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