I am very tempted to begin a crusade of sorts against the fuckers who buy oil and oil stocks, during economic collapse. I can undertake such measures in a variety of ways.
The straight forward approach is to sell short bloated rig makers, like NOV and RIG. Or, I can reinitiate my war versus XOM.
However, considering the risk at hand, delving into individual names, I will likely bet against the sector, by way of etf.
To bet against the commodity (oil), I might go with SCO or DTO.
And, as you well know, I shall bet against you inflation losers, via ERY or DUG.
Bottom line: Should oil trade back down to the low $40’s/high $30’s, I will be tea bagging the Texas tea baggers in their own kettle, if that makes any sense to you—God speed.
Update: Pardon me for interrupting this Tea Party, I just bought 2,000 FAZ @ $19.16.
Update II: I sold out of NSM, around $10.80. My only positions are FAZ and SRS. Funny how that happened.
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DUG is the play IMO.
“Conoco Phillips (COP Quote – Cramer on COP – Stock Picks) upgraded at Goldman Sachs to Buy from Neutral based on valuation. Shares are down 23% this year, while domestic integrated oils are up 7%. The key catalyst for the stock is a recovery in oil prices during the second half of 2009. With shares having lagged peers during recent rally, the stock is now too cheap relative to peers and with respect to its assets. Price target lowered to $47 from $50.”
I guess the analyst at GS don’t care about the large debt load that COP is carrying. Fuck GS and their bullshit analysts. remember the $200 oil call. total BS, their desk will probably short the name
How ’bout some Saudi Arabian libation?
water is the new oil…who the fuck knew.?? how do we play that theme..MWA- LNN- any ideas…i have no fucking water plays..fuck me.
Cash,
I started to look at VE but haven’t formed an opinion yet.
that’s fucking retarded. similar to buying faz at 60 on the way down.
Water Stocks: TTEK, WTS, PNR, PHO, NWPX, PICO
You ever hold FAZ overnight or strictly for the day?
I hold.
Funny bullish at 832 and bearish at 814
Not only that you’re like humpty dumpty bullish one post and bearish the next
Get a fuckin clue on what side you’re on
are following little2rich4u?He bought FAZ not that long ago.
Cabrera looks like a free hooker in Tijuana that no one would touch…unless u had 12 shots of tequila and 17 beers- fucking beaner goat ugly skank
Thanks
Yes. You got me. I am following the high school kid into FAZ.
Fly, you said your gut told you we rally until May. So why start short now?
Jack Dryfus died according to the scroll on CNBC (have my sound muted so I can nap-waiting for Bay Hill on Golf Channel)).
Is he Elaine’s (from Seinfeld) father or grandfather in real life?
Watcher:
Nothing goes up in a straight line.
Bay Hill is a great prelude to the Masters. It’s even more enjoyable to watch them award a green jacket when you’re wining yours.
PGA was in town last wknd(Palm Harbor) Retief Goosen is a dick…no fun without John Daly…smoking,drinking,cursing…
“Some Dude Says:
Bay Hill is a great prelude to the Masters. It’s even more enjoyable to watch them award a green jacket when you’re wining yours.”
sds,
i am heading down for mondays practice round at the masters…
blue eyed devils.
Cash- My son has played a few tournaments in the past at Copperhead. Never had any good ones there but always did better at The Island course.
I liked staying at the villas there.
Goosen’s swing guy is the pro at Lake Nona in Orlando and started playing better a few years ago when he left Leadbetter (I think it was Leadbetter).
Gonna try to get to Bay Hill on Sunday.
Trader…Island i think is harder than Copperhead…both are nice. Goosen refused alot of kids autographs all weekend..not a classy move. Lehman was great.
Did Dylan Ratigan really quit CNBC?
http://www.nypost.com/seven/03272009/gossip/pagesix/fast_flare_up_rattles_cnbc_161468.htm
Anyone watching CE? It’s been ripping.
Didn’t know Goosen was a prick.
I saw Lehman in Illinois a number of years ago when he came to speak to a bunch of juniors after he just lost the US Open. He flew out right afterwards to keep his commitment. A gentleman.
I have lots of locker room stories (told to me by a couple of touring players) about some of these PGA guys. Mostly good but some are real assholes.
Here comes the fuckery.
That was lame.
No kiddin.
Back to sleep.
mrkcbill asked his barber to change his hair style to match that of Tim Geithner
Look at JPM fall like a rock after Dimon speaks.
SRS YES.
Look at that fucking giant red candle that printed on JPM within seconds of Dimon saying “March was kinda difficult”.
Dimon just said March a little tougher on CNBC
SPY new daily low.
WAKEUP
SRS= WHAM BAM THANK YOU MAM
Nice 2 point gain in 15 min, just what I like.
Okay. I’m awake.
If March was difficult for JPM what about the bullshit that Citi and BAC said that started this rally.
Don’t forget about me, wait until Monday though 😀
Translation. Yes we will have to raise equity
what about all the window dressing talk?
Flip-flopping are we? Bullish one day, bearish the next? What happened to PCR, AKAM, and the other garbage longs you bought?
Many sellers, few buyers.
Except the PPT
Bot back half the TSO covered calls I sold short yesterday at $1.30– all at between 0.65 and 70 cent.
Dollah dollah bill y’all.
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Fly — watch UPS. Don’t get caught out.
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