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

Off To Do Something Special

Natural gas stocks have been bludgeoned, as of late. However, like all things in life, THEY ARE FUCKING LYING TO YOU.

Case in point: Southwestern Energy Company [[SWN]] looks like a piece of shit on an ice cube tray. However, what you didn’t know, the stock has gone up in April, 20 of the last 21 years. How’s that for track record? ‘Tis the season to go long natty and oil service names. Since I have nothing to do, being all pussified in cash and treasuries, I’ve been doin’ a little studying. Based upon the laws of seasonal investing, Chesapeake Energy Corporation [[CHK]] , Weatherford International Ltd. [[WFT]] , Southwestern Energy Company [[SWN]] and Anadarko Petroleum Corporation [[APC]] are buys, from now until May. For the love of rice and mice, should this market ever pull back, I will break skulls to get long these names. I believe in them that much, as if to commit a most heinous felony.

Other than that, life is sort of on cruise control now. I am sure Mrs. Fly has a fun-filled weekend planned for me, going to malls, and little bitch ass boutique shoppes. And don’t forget, we mustn’t be late to the Whole Foods Market, Inc. [[WFMI]] sermon on Sunday. The Lord will be mad if I am tardy.

Tardy retardy go drink some bacardi!

Enough about me. How about you?

Nah, just kidding, asshole. No one is interested in what you have to say. If they were, they’d be visiting YOUR BLOG now, not “The Fly’s.”

In closing, many props to our new blogger, Scott Bleier, for nailing this move, via an array, mind you, of accurate stock calls. Sooner than you know, iBC will be launching a newsletter service, hosted by Mr. Bleier, in an effort to help the common leech “de-leechify” himself.

Good day to you and yours.

[youtube:http://www.youtube.com/watch?v=v1BhwGP-aAs&feature=fvw 616 500]

UPDATE: I bought 50,000 Silicon Storage Technology, Inc. [[SSTI]] , between $3.22-3.24.

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73 comments

  1. Le Fly

    Apparently no one is coking cole like the s-cok

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  2. BernieCornfeld

    Please ask Mrs Fly to visit LULU for me. As 1 of my few holds I would like it to go up more gooder. Thanks

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    • mrsbuttons

      malls? haven’t been in one in years – nothing there speaks to me…. I live in the country, listen to tango music, bake bread on the weekend and usually ride the horsies..

      SANDRIDGE ENERGY INC Gilliland William A. Director 2010-03-03 Buy 90000 $7.72 694.8

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  3. Anthony Brown

    Loving WNR here! The refiners are rolling too.

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  4. Dirk Diggler

    VHC went all “Lake Hodges” on people who set stops.

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  5. The Fly

    holy shit it came back

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  6. DPeezy

    For those that haven’t seen this yet…funniest Daily Show sequence in a long long long time.
    Chatroulette: http://tv.gawker.com/5486224/jon-stewart-and-friends-use-chatroulette-on-the-daily-show

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  7. 365

    Fly do carry those eco friendly green bags out of “The Whole”? Or do you demand plastic?

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    • The Fly

      Oh, we always insist on paper bags. This way, when I unload them, groceries fall out all over the front lawn for me to chase after. It makes for great amusement.

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      • TA

        LOL, that comment is full of win on many levels as is the marriage one below

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      • Mrs. Fly

        The only thing amusing is watching you trying to teach these retards how to bank coin. You are like one of those people who gives out finish line hugs at the special olympics. GIVE UP! Quit trying to help them! You are wasting your time. Your time is better spent ripping off mattress tags at the mall this weekend. Now, if you are doing this for some sort of self appreciation or to reduce your conquests to little ones and zeros for some sort of eternal time capsule for space aliens to uncover, then fine! Otherwise, stop!

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        • Po Pimp

          You are like one of those people who gives out finish line hugs at the special olympics

          This is a great line.

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  8. The Fly

    Marriage: Pretty long and unable to sell short (no shares to borrow)

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    • shirleyruth

      Good Man!

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    • omfgitsjd

      Just have Juan the pool boy do some domestic chores while you are at work and have hidden cams everywhere. Things will move in the right direction.

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  9. SteveTheNeighbor
    SteveTheNeighbor

    I go to Whole Foods just for the food samples and that makes for a pretty good free lunch.
    One time I ate so much cheese that the workers gave me some fancy beer samples to chase it down.
    Then I go across the street to Wal Mart and use my food stamps (unemployed).
    It is fun though to watch my neighbor on his hand and knees picking up the food he dropped on his front lawn while Mrs. Fly is yelling at him for being a klutz. Fly,Jr. usually stands their crying about how sick he is about all of that yuppie organic crap and wants real food. That is when he comes over and I give him some hot dogs,Twinkies, and chips.
    Very amusing.

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    • JakeGint

      What happened to the smiling Rebbe?

      ________________

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      • SteveTheNeighbor
        SteveTheNeighbor

        Steve,Jr. says I have let my appearance go somewhat. He seems to think I am depressed from being unemployed but I can’t tell.
        After my job as a census worker I hope Fly employs me as a runner to get his coffee, oatmeal, etc.
        My CPA license would then be helpful.

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    • robert

      there, their and they are

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  10. TA

    Fantastic week
    Huge profits all around

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  11. JakeGint

    Scott who? Nailed whaaa?

    That’s just disrespect.

    ________

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  12. Frank White

    This is the place to go all in. Nothing but clear skies ahead. Mutual fund monday coming, up 95% of the time. Love them odds.

    Lock portfilio : Long GS, AAPL, FAS, GOOG, X, SCOK, ZANE, PCX, and short VXX.

    Don’t hate.

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  13. slim

    Fly, I feel your weekend pain. Worse, wifey is corrupting my daughter into a little prima donna too.

    Lately I’ve been detouring them to Costco, letting them grab free samples and jumbo size boxes of crab cakes. Works best after soccer practice, I’ve found.

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  14. henryfool

    sold most of TIVO and ICXT. Ended Day 40% CASH
    YEAH!!!!!!!

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  15. TMoe

    Bought a little more VXX today.
    Covered a few names, Held on to a few longs, sold a few too and held some shorts

    33% cash now

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  16. TMoe

    Barney Frank is a moron. Don’t you remember Barney you said Fannie and Freddie were fine.

    Fannie and Freddie are both government funded ponzi scemes

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    • JakeGint

      Is Barney Frank appearing to you in the urinal shadows again, TMoe?

      Could be worse, could be Chah-lee Rangel.

      ____

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      • Yogi & Boo Boo

        Unfortunately for TMoe, Chah-lee might think he were back in Korea, and dispatch that bear with his bayonette.

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      • MOOBER

        As long as it’s not “Wide Stance Hoolihan” or whatever his name was.

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  17. The Sax

    Despite pumping a load of cash into TLT yesterday, I made bank today. It’s all but certain the market will be lower monday. Right? Sane people?

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    • Prematurely Short
      Prematurely Short

      How about one of those “eight updays in a row” scenarios?

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  18. TMoe

    INFA — added to my position today breaking out lately going to 30 soon?

    ISLN too

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  19. TMoe

    Fuck AAPL I think it pulls back

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  20. TMoe

    Is there a website that tracks Cramer’s picks and his calls on stocks to buy and sell?

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  21. monaybot

    thank you fly

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  22. HuggieBear

    HuggieBear took an asswhoopin today to the tune of 8% down, but is still up on the year.

    However, HB is now 200% short via such fine vehicles as QID and SCO.

    The market will have to make new highs before I give in. Things are not so rosy as they seem, and people will begin considering such before they watch this market march past 1150.

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    • JakeGint

      Why wait til Monday? I’m sure there’s some kerosene or butane and matches lying around your house…..

      _________

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      • HuggieBear

        Hehe

        I take your comment to mean you fully expect the market to break out to new highs.

        Personally, since December i’ve been of the mind that we are in “2004 Mode”. I don’t expect new highs.

        That said, I won’t stay short long if we breakout. I won’t suffer that badly. I also won’t stay short that long. Probably just going to catch some 5% swings in the market since I think it will be fairly directionless.

        I definitely don’t see the S&P going below 1000 this year, so I’m not that grim on the situation.

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        • JakeGint

          Russell 2k just broke out yesterday. Good chance you’ll see some continuation when the Russell (small caps) leads the SPX.

          All I’m saying… don’t self-immolate to prove a point. That’s Alvari’s forte.

          ________

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          • Bobby Boucher

            Tend to agree with you JG that small caps are the wind sock for the general market. But I’m not liking that momentum (MACD) has yet to confirm the new uptrend price high in the $RUT.

            fid

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        • Bobby Boucher

          You won’t suffer that badly if the market breaks out?!? Dude, you were down 8% in one day! One day!!! If down 8% in one day is your definition of not suffering badly then I don’t even wanna (sic) know what is.

          fid

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  23. tgarfield

    NG stocks suck for one reason.

    Pretcher has been claiming that the market will fall in his P3 theory (which chart was busted by todays move). He has claimed the dollar will rally, the market tank, AND oil down and NG UP. many short oil companies and long NG companies had to reverse the trade. OIl up meant NG down, might not make logical sense but that is what I think has happened.

    NG is also a US commodity with only about 15% coming from ouside the US. Those buying it for the commodity play are giving up. Besides NG always drops in march (check futures for 10 years out.

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    • Po Pimp

      Problem with natty is there is so God damn much of it. New drilling / completion technologies have increased the produceable amount of NG by about a gazillion percent in the last 10 years. With natty you can’t just get an empty drum and store it like oil. Shit’s dangerous yo.

      Personally I prefer independent oil and gas companies with at least 65% oil production. If a company is 80% oil then that’s better. I just don’t see NG shooting up as quick as oil. I go with independents so you don’t have to fuck around with all the downstream bullshit. Don’t know if my preference is the right one or not, but those are the companies I feel most comfortable with.

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  24. JakeGint

    This is some pretty funny stuff.

    Dr. Evil’s Ultimatum.

    ___________

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    • Print Mo Money

      Your sense of humor is rather deficient. Do you enjoy watching
      video of Predator Drone bombings, to get even more laughs?

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      • Alvari40

        Naw, Jake licks gold bars while his balls are attached to electronic probes. This really gives him the giggles.

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        • JakeGint

          @Alvari/Lungsac

          We should put this in Danny’s iBC dictionary under “Why Low IQ libs should not post after three beers.”

          I understand, as I’ve met your abstracted-from-humanity, high torch lefty hate types before. Your remarkably similar.

          I also understand that it must be a struggle supppressing all that long-standing, well-indoctrinated and hard-core nastiness on a daily basis, but primal screaming may be a better “out” for you.

          (PS — I’m keeping this one in my “can you believe this douchebag actually typed this ?” file for later illustration. Thanks. )

          __________

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          • JakeGint

            PS — I guess I’m giving you the benefit of the doubt by assuming you were buzzed when you wrote this.

            The alternative is startling.

            _________

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      • JakeGint

        @PrintMo

        It strikes me you lack irony in your diet.

        Cut your MSNBC to three hours a day, and you’ll see a marked improvement.

        _________

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    • Dani

      Tooo funny….. I love it. I have even more sadistic measures that perhaps one day will be customary….

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      • JakeGint

        Geez, must be the times…. whew.

        We sure are getting our share of sickos on the site these days.

        _________

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  25. omfgitsjd

    Congressional Budget Office – If President Obama’s 2011 budget were put into effect as proposed, the U.S. federal government would add an estimated $9.8 trillion to the country’s accrued debt over the next decade. $5.6 trillion will be in interest alone. By 2020, the agency estimates debt held by the public would reach $20.3 trillion, or 90% of GDP. That’s up from 53% of GDP in 2009.

    Someone please tell the Fed to prepare to monetize soon. No sense waiting on their own demise.

    • 0
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    • Print Mo Money

      Who gives a shit about Federal Debt – except Beck and the the racist T-Baggers?

      The government has a PRINTING PRESS – the dollar is strong,
      and there is NO INFLATION outside of health care and tuition.

      The money printing presses should be on high speed 24/7/365

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  26. Le Fly

    I sold out of jah on friday, fyi. It was posted in ppt

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  27. J

    Thata boy Mo. this policy has not trade offs which in this case would be currency debasement.

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    • Print Mo Money

      You flunk fuckin’ ENGLISH or sumpin? Please translate.

      The USA dollar is STRONG in relation to other currencies.

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      • JakeGint

        ^^^^^^

        Even if this “PMM” deal is one of those “Extreme Irony Characters” that show up here from time to time, this bit is over-the-top.

        Remember, just because you fooled Alvari, it doesn’t mean the schtick is working.

        Word to the wise — Dustin Hoffman won the Oscar in Rainman for playing a subtle retard, whilst Sean Penn was laughed out of the movie house for his try in I Am Sam.

        ______________________________

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      • J

        Sorry Mo:

        It should read:
        “Thata boy Mo. this policy has no trade offs which in this case would be currency debasement.”

        mis-spell.

        the point is that the central bank cannot simply print money when the CPI is well behaved as it can seriously cause damage to future inflation prospects and turn the bond market into a sewer.

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  28. Ira

    Hi Fly, you are the king!! Any idea why the Crescent fund is short Jarden and you like it so much?? Yeah, I know, but I mean other than a difference of opinion…..I buy the fly!

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  29. Le Fly

    Your computer is an ass!

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  30. Po Pimp

    From the newsbot (which fucking rawks btw):

    Televised Poker Tournament In Berlin Raided By Armed Robbers

    Omar Little returns from the dead.
    A man gotta have a code.

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