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
23,443 Blog Posts

Fly Buy: ABX

I bought 10,000 ABX @ $33.56.

Disclaimer: If you buy ABX because of this post, Santa Claus will carpet bomb your chimney this Christmas. And, you may lose money.

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34 comments

  1. kidstock

    Newman is God

    Jumbalaya!

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  2. Eye No Stuff

    ABX – a Madoff product.

    Santa Claus – Madoff in a red suit.

    Chimney – Madoff collateral.

    Christmas – cancelled by Madoff

    Everything’s related to Madoff.

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  3. The Fly

    Oil breakdown.

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  4. Vincenzo

    There is only one God – me! I changed on gold – buy ABX.

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  5. The Fly

    I’ve decided: I will only buy gold today. If the inflation trade is on, ABX will go up.

    I feel uncomfortable going long any oil/ag stocks.

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  6. The Fly

    10:46 Crude oil forfeits gains and moves into negative territory, setting fresh lows at $43.65; currently off 76 cents to $43.75

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  7. Market Fool

    Jefferson Krull is back.

    LMAO!

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  8. Aris

    yay oil falling apart again.

    too bad my DUG is doing a big pile of nothing. D:<

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  9. Sir Douchebag

    there’s NO INFLATION !!!!!!!!!!!

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  10. j

    not yet. Watch what the fucking Fed and the rest of the reprobates are creating though. You won’t believe the inflation it will unleash.

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  11. The Fly

    No kidding!

    But, at the moment, people are piling into inflation names.

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  12. Generational BOTTOM Picker
    Generational BOTTOM Picker

    Why didn’t you buy it at 19 in November at the GENERATIONAL BOTTOM I called, telling this board to BUY BEATEN-DOWN RESOURCE STOCKS?

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  13. Donny

    Larry Kudlow, just said “Goldilocks” again.

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  14. jig

    larry kudlow, dennis kneale and charlie gasparino all deserve a baseball bat to their faces

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  15. The Fly

    They’ve earned it.

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  16. ZenProfit

    I repeat: Larry Kudlow is an Asshat.

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  17. Jabroni

    Are you looking for a daytrade in ABX? or are you looking to hold it awhile?

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  18. lol

    long gold short real estate is my play of 2009, much like long oil, short banks was the play of 2008.

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  19. Vincenzo

    I will change the annoying “This is the___________ speaking” if you will admit that I am God. Well?

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  20. The Zombie

    Test…

    The Fly is God.

    Loving the new format.

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  21. Lady Guenevere

    10,000 shares ABX ? Wow you have a lot of Monopoly money to play with. A lot of your plays are 10,000 shares.

    I am looking at that stock now and might do 100-200 shares.

    Maybe your more industrious than I thought 🙂

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  22. TODD

    The Todd appreciates all forms of beauty.

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  23. Zombie

    Lady Guenevere, you sound like one of them old nags.
    How’s Sir Lancelot?

    The Fly is God.

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  24. Lady Guenevere

    Although on my 5 minute charts and daily charts gold looks really ‘ overbought’ right now. This would not be a day trade or swing trade but a hedge trade…. perhaps I should wait for a little pull back before buying. I am not as courageous as you are.

    Zombie….guess you will never know ….besides you would never get past the outer gates of my castle. Only knights and true gentlemen allowed. Beautiful Ladies always protect their realms.

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  25. DannyBoy

    The run in HON is insane. I might look to short it after the fed fuckery is over……

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  26. Aris

    asshatery trading. people are chasing performance into year end, and they’re all piling into anything that has a whiff of inflation about it.

    and on top of that, i’m forced to listen to this kudlow ‘mustard seed’ bullshit.

    if i were a rich man, i’d buy every goddamn mustard seed on the planet and bury that clown with them.

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  27. Zombie

    Lady: I’m not yet buying it.

    Aris: HA!

    The Fly is God.

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  28. Newman

    Kramer was the second spitter at Keith Hernandez from the grassy knoll. It was not me.
    I love Elaine.

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  29. JF

    Fly, it looks like a good short here!!

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  30. TraderCaddy

    I would short GDX (gold stock etf) here.
    Gold stocks will come back about second quarter next year.
    The traditional end of year bounce has happened already in the last two weeks.

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  31. Chapter 11

    Gutsy call–I think everyone’s jumping on the gold train, therefore I expect the price of Gold Stocks to pull back to the 20 day avg…that’s where I’ll be waiting.

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  32. mike

    test

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  33. BaKiNeC

    ???, ? ? ????? ???? ??????????? 🙂

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