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
23,466 Blog Posts

Everyone is a Technician

My man Chart Addict banks coin, with or without charts. He knows how to pick them and he demonstrates his superior market hand every-fucking-day. But, what’s with all of you other fuckers? I mean, when I started out in the biz, there was plenty of people around who actually read quarterly reports and paid attention to fundamentals. Fast forward a dozen years and everyone has charts for brains.

You Sir have a clunker for a brain.

Let’s look at a near term catalyst: hurricane season.

Sometime tonight, I will build a custom watchlist, listing all of my hurricane plays, exclusive for The PPT. For you fuckers, I will tell you, look to get long some refiners, like Tesoro Corporation [[TSO]] , Holly Corporation [[HOC]] , Valero Energy Corporation [[VLO]] or Delek US Holdings, Inc. [[DK]] . And, try your hand with some depressed natty stocks, like NGAS Resources, Inc. [[NGAS]] , Arena Resources, Inc. [[ARD]] and Ultra Petroleum Corp. [[UPL]] . Engineering stocks, like The Shaw Group Inc. [[SGR]] and [[PIKE]] , are worth a looksy too, providing the “Deacons of Death” destroy a few bullshit coastal cities.

In short, shut the fuck up and prepare for some ‘Canes. Lucky for me, I have my very own meteorologist; what do you have?

Exactly.

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15 comments

  1. jg

    fig

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  2. chivo

    i have you fly. =)

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  3. dubz

    On the topic of technicians, what happen to the “lifestyle technician”?

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  4. Cash-N-Guns

    Fly…not a big cane season….

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  5. TraderCaddy

    GS Tradebot says Flotek you WFC.

    Anna is now just a little rain and Bill is nowhere near the SE coast.
    No waves,no lows, no nothing.
    All of these batteries and bottled water and nothing to do.

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    • Highlander

      Well, if the weather’s good, you could play a round of golf.

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  6. bling

    This is what I’ll be doing if we get a good ‘cane:

    http://www.youtube.com/watch?v=4wJqjiy1js8#

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    • SteveTheNeighbor
      SteveTheNeighbor

      Go to a revival?
      Looks like fun and Steve, Jr. asked if he could have his Bar Mitzvah at that church of what’s happening.

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  7. HenryFool

    Bright ideas aren’t born overnight but years. However they’re laid to work in a moments notice.

    ………Poof a bull market idea!

    BooooYaaaaa iBankCoin!!

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  8. kidstock

    Not sure I can buy into the natty thesis with UNG trading a dime above its 52 week low…

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  9. Anthony Brown

    No WNR!? That was your favorite hurricane play last year. I’m long WNR here, very nice risk/reward – but thats just what the charts telling me 🙂

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  10. Jim

    Big mistake, Fly!
    Cash is king at the moment…. Risk/Reward ratio for upside movement is negligible…
    A simple question… WHY?
    When Greed>Fear at this stage of a rally, blood usually flows.
    Once again… WHY RISK IT?

    In +or- 24 hours we’ll know the trend anyway! TAKE A BREATHER, man!

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