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
23,417 Blog Posts

Another Bottom Call

Oil has bottomed.

Carry on, young pleb, carry on.

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41 comments

  1. j

    Fly

    Well over 100 bucks?

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  2. Marty

    Yep. What about gold? What about gold shares except that miners can issue more shares just like the Fed can issue more dollar certificates? Paper will continue to be more vapor. Which paper would you rather own, KGC paper or Fed paper?

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  3. Steph

    Got that right and I’m massively long energy. The assclowns who were calling for $200 oil when it was at $130 are now calling for it to go to $50-$60.

    Idiots.

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  4. Sorry Pleb

    Bring out your dead!

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  5. chivasontherocks

    you know between the music, costumes, and facination with bottoms, are you sure that you’re not related to leberace?

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  6. The Fly

    Go fuck yourself you alcoholic.

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  7. shook

    Oil is taking out the Jan 07 lows, no doubt.
    You think oil prices are going to be high with credit deflation, companies fucking set up to go under, and the fucking US of A running the fucking middle eastern oil?
    That’s why we went to war, so we could secure that shit, and fucking control the world!.
    Of course, it’s not happening overnight…
    Oil will certainly return to egregiously high prices, eventually, but not now. What the fuck happened to long GOLD (DGP), SHORT minerals (SMN).

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  8. chivasontherocks

    for someone that wears a white robe and sandals, was that a nice thing to say? btw, are you related to him?

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  9. The Fly

    I will pour oil over your head then proceed to throw lit m-80’s your way.

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  10. The Fly

    The white robe is way above your pay grade. You are used to dressing up as a fucking big booted clown, shoved into tiny cannons, then blasted into fields of stringed beans.

    Do not mock what you cannot possible comprehend.

    Where’s my ambrosia?

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  11. chivasontherocks

    LMFAO.

    in that case, i take it back.

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  12. The Fly

    I was talking to “Shook” on that one. You know, the oil/m-80 adventure.

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  13. Exxon Valdez

    Anyone buying DIG here?

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  14. The Fly

    I am long DIG, in small size.

    Actually, with the market so cheap, I should have been buying blocks of DIG, instead of NOV. Diversified approaches off a bottom is definitely the way to go.

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  15. don't know what to do
    don't know what to do

    Mr. Woodshedder,

    I am very new at this, I am currently investing in UYG and I was wondering what I should do…

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  16. Exxon Valdez

    I know, DIG was a good one today…

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  17. chivasontherocks

    that’s why i also bought xle along with dig. as you know with the dig, it was because you had mentioned the tell factor, which made me look at it.

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  18. Donny

    My wife is baking lobster tail, and I’m starting to smell Victory.

    Tomorrow will be complete madness in the markets … lots of volatility brings potential opportunity.

    Hey Chivas … you gotta problem with white robes? I like to wear one every time I stay at Caesars Palace.

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  19. Viva Las Vegas

    Ive been at Caesars for 12 years

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  20. DEVILDOG

    Please keep the rally going tomorrow so I can continue to reload my shorts. I’ve got tons of cash waiting at SPY 100. Thanks. Crash next week.

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  21. JakeGint

    Tons of cash?

    Did you pawn the Camaro?

    _______

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  22. DEVILDOG

    No I sold the IS F.

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  23. DEVILDOG

    Getting an F 430 next month.

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  24. DEVILDOG

    No. Mine is red.

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  25. j

    Dog

    We’re nearing the weekend. happy thoughts please. No doomsday stuff.

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  26. BOOMER

    Nice ride, DD. Enjoy it.

    My ’94 Volvo wagon only has one split seat, which is nice. It seems to be running better now that I dumped a bunch of Lucas Oil Stabilizer in there. Bummer is my iPod jack is broken so I have to use CDs. I hate CDs.

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  27. Karl Marx

    I smell chinch.

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  28. DEVILDOG

    j no problem. I actually believe we started a new 80 year BULL market today to DOW 140K based on our fundamentaly strong economy.

    BOOMER, Thanks I will. No ipod or cds for me. Just the engine music.

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  29. BOOMER

    I’d think it is loud as shit, and I have Pete Townsend ear ring shit. My damn right ear is ringing now.

    ALL

    THE

    TIME

    Anyway, I’d have to wear ear plugs in a ride like that.

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  30. j

    j no problem. I actually believe we started a new 80 year BULL market today to DOW 140K based on our fundamentaly strong economy.

    Dog:

    I hope that was an attempt at humor and that you actually DON”T believe that isn’t going to happen.

    with the dow at 8500 you need is a growth rate excluding dividends of around 3.5% to get to 140,000 dow in 80 years time.

    We’ll do that standing on our head.

    Stop being such an innumerate, please.

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  31. chivasontherocks

    Donny,

    i don’t have a problem with white robes or any kind of robe. however, if you wear a white toga type of robe with sandals, combined with a certain kind of music and a facination for bottoms, i would also ask you, if you were related to leberace. not that there is anything wrong with leberace.

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  32. StarscreamPowerPlay
    StarscreamPowerPlay

    Vix to 200!

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  33. phly

    http://gawker.com/5059535/jim-cramer-begs-america-to-abandon-hope

    now that all the retail fools have also withdrawn in sheeple unison cuz thier almighty master told ’em so…..

    stock decline…. done

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  34. Ozark Hillbilly

    The retail asshole dip buyer is still there, believe me. However, judging by the quality of people I saw entering the market this week (not meaning any of you), I have to say that this is not THE bottom.

    Added to my position in APL. Initiated positions in NRP, RAIL, and GAP. I’m sort of expecting a lower low next week but I plan to run with whatever the market giveth.

    I’m taking the day off tomorrow and heading to the woods for the weekend in order to decompress. If one more fucker asks me “Do what now?” when I try to explain what a “margeen” account is, I might just jump over the desk and gnaw somebody’s fucking face off, like a cornered rat who has been disturbed while trying to gnaw his way out of the cave made of tasty corn.

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  35. chivasontherocks

    Hillbilly,

    what part of the country do you live in?

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  36. Damon

    like a fat, happy and dirty cave rat, I started to nibble on MOS today.

    Listen to the Fly….we need to buy this bee-otch down here, warriors!

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  37. Bluto

    TOGA…TOGA…TOGA…

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  38. JakeGint

    Chivas,

    The Ozarks are in Arkansas.

    Now that you have bought your hillbilly bunker property in Southern KY, you need to start boning up on the “good huntin'” areas.

    _______

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  39. chivasontherocks

    Jake,

    lol. thank you. do you do any hunting?

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