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
23,433 Blog Posts

Summer Bullshit

Pardon my lack of gun slinging, as of late. Instead of putting my balls on the kitchen table, while cutting carrots, I’ve been busy with “summer bullshit.” At the moment, work has taken a backseat to late night fiestas and mid-day siestas. I’ll have you know, “The Fly” has big dicked year to date gains and has no desire to press the envelope here, especially during the rookie month of August, where most trading turrets are manned by abject imbeciles, straight out of college.

Nonetheless, I have taken it upon myself to carry the burden of risk, despite not needing to. Earlier today, Senor Tropicana bought 20,000 Tesoro Corporation [[TSO]] —mainly for shits and giggles. As a side note, should the tropical storm game get jiggy with coastal U.S., crack spreads will explode—effectively sending beaten down refinery stocks through the roof. My favorite refinery plays are TSO, Valero Energy Corporation [[VLO]] and Holly Corporation [[HOC]] . The big dice-rolls are Delek US Holdings, Inc. [[DK]] , Western Refining, Inc. [[WNR]] and Alon USA Energy, Inc. [[ALJ]] .

So, in summary, I am trading light, with a 100% bullish bias—currently focusing on a suckers bet aka “hurricane plays.”

Oh boy.

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12 comments

  1. HenryFool

    Just a quick note before I leave for my Vasectomy!!!

    JSDA Bottomed yesterday when traded outside it’s Bollinger Band. Go buy som now it’s closing back inside!!!

    Balls on ice! See ya later!!

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    • The Fly

      oh boy. cutting your balls off, ouch.

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      • TraderCaddy

        Good idea to have it done before Obamacare begins.
        Because I hear Barney Frank will be the surgeon and to save money he uses a butter knife and rubber bands.

        Good luck HF.

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    • TA

      I would have thought yours would have gone the way of the carrots long ago.

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  2. Ward andJune Cleaver
    Ward andJune Cleaver

    Yes, the summer is for relaxation. Wally is a lifeguard at Friend’s Lake and The Beav is playing baseball and he hopes to grow up and play for the Brooklyn Dodgers.
    Ward and I are holding our GM stock as it is doing very well especially with the the new Bel-Air coming out in the Fall.
    Ward wants to buy stock in a Japanese company called Toyota which is supposed to start selling in the USA but I convinced Ward that it will never work.

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  3. The Fly

    Fucking CNBC. All day long, these assholes are talking about a correction.

    They are NEVER right.

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    • a

      they are NEVER right
      —————–
      you are a lier you sack of sh*t, Cramer was saying buy stocks long before you joined the party

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  4. RM

    Yes, go jump on the whole hurricane play, in late August! No one’s thought of that yet…trying to speculate on a stock price that’s begged to a notoriously hard-to-predict weather pattern, just go to Vegas.

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  5. kouchuu

    Watch for big drop in initial jobless claims tomorrow morning. Closed out of SRS before the bell, as I think we’re going to start off higher tomorrow.

    CNBC will likely still get it’s correction, but not until Friday at the earliest.

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