I loved oil at $125. I hated oil at $35. Now, with oil at $68, I love it again.
I’m a sucker for momentum. What can I say?
One thing is for certain: the inflation trade is back, with full force. Oil, gold, copper, hell, pretty much everything but natty is sprinting higher. Oil is at a point where it makes economic sense for the exploration companies to take their stacked rigs and put them back to work. Look for the E&P sector to continue its trek higher. Additionally, look for parts and service companies, like FTK, WFT and OIS, to begin melting the faces off of those who bet against them.
With a snap, just like that, oil service firms will be banking egregious coin, as oil marches to its destiny: $100.
With my money, I am long vast quantities of FTK, ERX, with a little side dish flavor in SD and ARD.
For the first time in a long time, I bought a bank: FITB. I am looking for a squeeze up to $9. Some of my larger cap holdings, IR, GLW and DELL, look great. And, some of my core holdings, like ATHR, OVTI, are responding well to today’s bounce back.
Just know, today is much more than a mere “bounce back.” We have significant traction in a number of sectors. Frankly, if you are short stock, you are out of your fucking minds.
Into the bell, I may buy a little more ENTR or SIFY. Regrettably, I sold out of SFE, over the last few days. One of its majority holdings, CLRT, is breaking out. As a result, the NAV for SFE just went way the fuck up.
As for The PPT: they are making buckets of coin, in a variety of insane trades, like HEB, BEE and GMO.
If you enjoy the content at iBankCoin, please follow us on Twitter
go crude!
take a look at OYOG.
I added it to PPT.
It has been mindlessly ripping.
Indeed.
Check out the ballers at Micron (MU) They make the DRAM in your computer.
MU is more than that now. They are entering graphic chips market too, effectively fucking NVDA in the process.
RTI on a tear since breaking out of that triangle…
Fly,
You were the biggest fan of Microvision 18 months ago. I’m here to tell you that they’re finally within 2-3 months of finally releasing a real product, the picoP standalone laser projector. Hopefully in 18 months or so they’ll get inside cellphones. The only thing that upsets me about MVIS is that the pussy CEO and Board Leeches have still not bought any stocks.
My question is – what do you think, are going long on it soon or have you washed your hands of it? TIA
I am long 10,000 MVIS from back in the days. I might start buying it again, since I like the action
BREAKFAST TACO: give me a call.
CUZ!
KEY is another bucket of coin contributor recommended today by Alphdawgg. Nice one AD. It is near an all time low, can go no where but up.
Chow!
I was looking at that MVIS a bit last week. I’ve been saying for years that cell phones and laptops with built in projectors are a given. can’t wait. I’ll check the company deeper.
also I want a device I can hang around my neck and record everything that happens in my entire life. that’s coming. it will change human history.
FTK hit 3.50 Fly!!!! did you sell???
Fly,
I agree with you, oil is going higher. At least for a couple of months I think.
Its ok DevilDog:
http://tinyurl.com/qkoxqc
Thanks for the tip on SFE last month Fly, it’s BTFO
Fly – I think its time to have a tan-man post tonight; to celebrate Mr Pin Stripes being handed a new pair of (used) pin stripes.
What is “natty”?
Natty dreads = knotty dreadlocks
I am holding my 5000 shares of MVIS with fading faith. I am surprised it has not tanked yet after no news release at SID. Either way, I will dump in the next CES. It’s been years of waiting
You’re right you’re a sucker. gs laughs it’s ass off every day at you suckers. Let’s see their last oil call was $200 and it went to $38. Now it’s $100 so we’ll see $25 or less.
Hey Henry
Good call on XOMA. I think CA got on it too. Think it can run some more? Any idea of an exit price?
scoob,
natty = natural gas – UNG would be the ETF
Add up the RE value of all homeowners with mortgages and add up the mortgages – yes, it is all under water – the US homeowner via a mortgage is broke – no more ATM machine.
they are making buckets of coin, in a variety of insane trades, like HEB, BEE and
Fucking anti-Semites!
_________
Latvia? Is it nice there? I have about $240 mill and I am looking for a retirement place.
I hated oil above $130 and called “Oil Top”
I loved oil below $40 and called “Generational Oil Bottom”. Oil will NEVER trade in the $30’s EVER EVER EVER again. I am ALWAYS correct.
Any one have thoughts as to why UNG traded 72 million shares today? Thanks.
Ricketts,
http://www.google.com/hostednews/ap/article/ALeqM5iDCJNIq2-ICfA19vji2PGra_p7aQD98JTQGO0
Joe Livorno is as stupid a summbich that walks this earth.
The dumb bastard just praised Goldman’s Oil call when oil was $130 “Bullish-going to $150” cuz it went to $147.
Stupid pieces of shit like Livorno are why people HATE financial touts.
fly, if inflation trade is back, is GLD a good pick?
think breaking through 100?