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
23,445 Blog Posts

Fly Buy: SD

I bought 25,000 [[SD]] @ $8.85ish.

Disclaimer:
If you buy SD because of this post, the government will force you to buy a shiny new Fiat. And, you may lose money.

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10 comments

  1. gappingandyapping
    gappingandyapping

    Good company, Tom Ward is very very good in the energy space but a quiet guy.

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  2. Cash-N-Guns

    XTXI…thoughts….Crosstex Energy..thanks

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  3. j

    MS up 11%. It pays to report a huge loss at the beginning of the week.

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  4. Big Mike

    Hey fat ass,

    You should have held on to GNK, and those shippers.

    Look at em…DRYS up 20%, OSG, up 18%, EXM up 15%, GNK up 10%.

    In a serious note, Matt Nesto made a good point…if the stress test news were good, then “good news” would have been leaked out already. Even though I hate CNBC, he made a good point.

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  5. So, the Fly kicked his deflationary vortex down the open elevator shaft?

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  6. jingle

    Fly… glad to see GMO on the PPT list. It is following the 20 dma nicely

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  7. JakeGint

    1:35 and on my third Julep.

    Friends, this is the life- do it once before the dirt nap, Bucket-list style.

    Two exactas in the win column. Not even looking at the market, as I ride with Andrew Jackson this day.

    The rest of you are content with Michael- mores the pity.

    __

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  8. j

    Big M

    The good news could actually be that some may need capital other than Citi, which could be seen for a short while at least that the banking system has been put to bed.

    Say the Fed comes out and says BAC needs $10 billion (which incidentally is why Credit Suisse analysts say they need) as a comfortable cushion to see them through harsher times. The perception could turn around quite quickly.. they really don’t need much to anchor that huge balance sheet after which the Fed gives them a clean health card. That could be really bullish short term. Add to that the lying piece of shit, Ken leis coming out and saying they’ve started the quarter on a sound note and we’re off to the races.

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  9. Joe

    PPPCCCXXX,
    Capitalism sucks. As my wife often reminds me; It should be ilegal to be able to make so much mony in one day. Well fuck it, its not illegal, so I am taking it. Well, only half of it, I am letting the other half make me more “illegal” money.

    The market is fucked for a while but gold is having a real test today and it seems like it is PASSING. If you see at the end of the day AEM wanting to close in green, LOAD up you account with it for a 10 point run. You can thsnk me later or… any kind of (over $40) bottle of wine will do.

    I have always found it discustingly difficult to have more than 4-5 positions open and I admire the ones who can juggle 25 positions but keep it simple is my advise. Yes, there are times when you realy get bit by having too much in one position but if you feel nervous about it (maby you shouldn’t ne in that position) use current month’s option to hedge.

    sing the proceeds of PCX to build the AEM position.

    GLTA

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  10. Juice

    PQ busting.

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