Fuck oil stocks. With my newly minted green President in office, I want to sell all oil stocks, until blood drips from the wallets of my friends in the middle east. Just today, I sold the rest of my National-Oilwell Varco, Inc. [[NOV]] . And, I’ve been shorting, mind you, all available shares of Petrohawk Energy Corporation [[HK]] made available to me.
Why pick on Petrohawk Energy Corporation [[HK]] ?
Why the fuck not?
I’ll have you know, my brain aka The PPT, ranks it a 1.74 or strong sell. Good enough for me.
In addition, I want to bulk up on [[DUG]] here, while remaining patient with my long plays, such as BE Aerospace, Inc. [[BEAV]] , [[UYG]] , [[M]] , American Vanguard Corp. [[AVD]] , Citigroup Inc. [[C]] , General Electric Company [[GE]] etc.
The point here is to hedge up and preserve gains, while relishing in the prospect of driving down bullshit oil/gas stocks down 50% or more.
As an aside, “The Fly” is very busy today, so do not bother asking me anything. If any of you felons stone up to ask me a question, I will have your mustaches punched off for you.
Top picks: BE Aerospace, Inc. [[BEAV]] , [[DUG]] , [[EEV]] , [[FXP]] , [[REW]] and short Petrohawk Energy Corporation [[HK]]
UPDATE: I sold short 10,000 [[HK]] @ $17.60
UPDATE II: With all of the buying I am doing into the inverses and short sales, I anticipate my cash position to be less than 30% by the end of the day.
If you enjoy the content at iBankCoin, please follow us on Twitter
The crude/oil index gap will be filled soon. This is no time to be long oil stocks. The deBalling session will occur soon.
I disagree with selling all oils .. Obama can’t do shit about global demand for oil .. anyways, oil has turned up .. has more to go
Selling against Donny and Fly.
This should be interesting.
Long XLE.
_______
I guess yoo guyz didn’t see the headline:
OIL IS AN ASS!
One of Jake’s boys, backs up the ‘oil has more to go’, trade
oops, that was me above as anon
Fly,
I cant wait for Boeing put new fabric on seats and replace the coffee machines on their older planes.
This is exciting waiting for BEAV to pop, thanks
I heard they might overhaul the lumbar too.
Oil “may” be an ass, but its going to put my ass in a Cadillac Eldorado by year end.
_______
I hope you intend on buying a Hybrid Caddy. Obama will mandate it.
Sure, blame the stock market genius for BEAV having one down day.
Did you miss the bottom of MVIS,
you had said Oct was your entry point
Fly said rally from Halloween to Thanksgiving. This is one stupid country to elect a dangerous nobody.
Small cap add:
VASC.. Stick this in your PPT
Fly calls audibles all the time, fuckface.
Stay with the game or get drowned by it.
Fly,
Would this be a good time to ask you a question about fractals?
We close green.
…and when I say we, I mean me.
CHK
BEAV
SYNA
FDO
VASC
COIN
MVIS
Henry:
I can honestly say that your portfolio is abysmal.
Speaking of abysmal, as in “dwelling down in an abyss, and/or murder hole” — RTI, that sturgeon fucker, seems to have support at $13.70-ish ovah heah.
____________
FLY:
I can honestly say….. I’ve got nothing.
Henry:
Clean up coin, syna, vasc, mvis amd fdo.
Swap out, get long DUG and FXP.
Keep BEAV.
You’ll thank me later.
MVIS and FDO might soon go but the SYNA and VASC stay
COIN we’ll see
Off-topic props to boca for the maturity displayed in last night’s mud-wrestling frenzy: I think about things much more than I post about them.
Hint to those not doing the same – it is very obvious to the rest of us.
Is it me, or does FLY seem to be married to his BEAVer?
Marrying for beaver is a BAD idea.
The BEAV is fucked. BA can’t screw correctly. When BA can’t screw, BEAV can’t sell seats:
Boeing: Fastener woes to delay flight of first Boeing 787 jets – WSJ (53.62 ) : WSJ reports in a setback likely to cause more delays to ripple through its troubled 787 Dreamliner program, Boeing said that it needs to replace thousands of improperly installed fasteners on the first Dreamliner jets before they can be flown. Boeing said the fastener woes were discovered during a routine quality-control inspection.
Ottnot — be sure to fuck a flounder when you’re not busy stroking your little obama.
If you haven’t noticed, this place is more Alan Ginsburg and less Elizabeth Bishop.
If you don’t like it, there’s always the New York Review of Books.
Similar geography, at least.
_________
solar and natgas might lead the next up. Looking at a list now for price/volume during downturn. This is a bear market it trades on emotion and fear not fundamentals etc.
That shitbag Hawk is hanging in there.
sidenote with thanks to ottnott. I think that’s the nicest thing you’ve said to me, and I appreciate the props.
RTI has come in for special punishment yesterday and today, I was wondering why, my only guess is that titanium is needed for lightweight defense products(airplane and weapons). Plus less need to reduce weight in those products if energy costs stay low? Remeber oil is a donkey is the lesson for today ;0
RTI trades with the Aero group, BEAV included. Also shit like LMIA, DCO, EDAC, TGI, GR, etc, etc. When BA sneezes, the Aero group catches cold. BA is sneezing all over the place these days. Engineers about to go out on strike, continued problems with 787 first flight, new issues with fastners not installed properly on initial 787s, and on and on. Until BA gets its shit together, the Aero group goes nowhere.
Other than that, RTI simply does not make sense to own here. The new aircraft are moving away from titanium and toward composites – HXL, CYT.
Jake’s got it right, these political fuckers were screwing with the price of oil going into the elections.
Watch as your oil and gas savings magically disappear after the elections.
Long DIG here.
I never pulled the trigger on RTI, just put it on the watch list, so I’m lucky there. I’ll check into HXL and CYT, thanks Eye No.
Fly, will you revisit and reconsider FTK and CLNE? Will Obama give any of his raise to his relatives living in squalor………..or maybe just tax rich people like Oprah and Teddi Kennedy and give it to them?
CHANGE!
First order of business, market resumes crash mode.
Obama honeymoon already over.
Beauty.
When he said we’d have “change”, he meant that’s all we’d have left in our pockets.
I heard that you seditious fuckers!!
GUARDS??!!
SEEEEEEIIIIIZZZEE THEM!!
____
GE will announce some layoffs very soon. Mark it down.
I talked to someone over there.
GE will announce some layoffs very soon. Mark it down.
Airhead Burnett? Naw- never happen.
If they axe Karen Tso, I’ll short them into oblivion.
The Fly Says:
Henry:
I can honestly say that your portfolio is abysmal.
still laughing COIN add
no short KOL?
It looks like Merlin wasn’t an Obama supporter.
Just blew out all hedges – until end of day.
FXP behaving like a l’il bitch, needs to nut up right here @ $78.50
I just put GG on my watch list – the list is scribbled on various pieces of paper – why can’t I be more neat and organized?
Time to load my small caps!
COIN
VASC
MVIS
Nothing but shorts and inverse ETF’s look good. The market just put in a double top from the last two highs. New test for bottom could happen? If the volume picks up on the downside call Obama for help.
No trades today. Buying CBS @ 8.98 if hit – today only fuckers.
Glad I sold that DB position yesterday.
With said proceeds, going to go purchase two all leather matching love seats…one black & one white…while I contemplate my next move.
Tschüs!
Obama sez: I promised you a utopia – all people equal – no more dirty oil and coal – remake America – share the wealth – no more guns – I lied in order to get your votes, morons.
Bush sez: I promised you no nation building-smaller govt-less spending- I lied in order to get your votes, morons.
OK. Enough of the political bullshit. The election’s over. Get over it, move on. Yes you can.
Fly, I think you’re right on the money here.
As for me, I spent the past 10 days legging up in solar stocks for digusting gains. I dumped them all yesterday and shorted solar like no tomorrow. Today I covered my solar shorts for more gains, and have begun acquisition of Fly Buys and other “market is going to get bootstomped” stocks.
If those 3x ETFs come out, I will short them into the ground.
This Bronx cheer for Obama is throwing me off. Dems better trot Pellet Head Pelosi out with the government checkbook.
SRS is running hard. run baby run…
“Pellethead,” I like that!
GUARDS!!?
UnHAND heeeem!!
______
the fly has spoken:
“NO MORE POLITICS”, you fuckers.
Election over. Take your tedious bullshit elsewhere.
When will Mr. Fly post “Poof! Your Obama Rally is gone!”?
Pesky XLE… pesky! pesky!
_______
Sorry Fly – Prop. 10 was defeated in CA. CLNE is an oxymoron anyway…”clean energy” when did a fossil fuel become clean anyway?
How about a lithium ion car battery company? Take a look at the A123 IPO coming soon.
On the plus side, it does appear that the peace, love and democracy of the 60s is back:
http://www.youtube.com/watch?v=neGbKHyGuHU&eurl=http://www.bootsandsabers.com/index.php/weblog/comments_w_sidebars/3875/
Poof! Your feel-good commie supported EDU rally is gone.