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

Super Market

Futures indicate we are due for a higher open, despite some really fucked up numbers from BBY. As you know, yesterday I began hedging, allocating about 15% of assets to VXX and the Fazmobile.

Right now, my weighting is 75% long, 10% cash and 15% vxx/faz. In other words, I want this fucker to melt up, so that I can book more gains.

As an aside, pay attention to the ongoing battle between farmers and the fucking railroads. That asshole, Warren Buffett and his Burlington Northern, is raping farmers of profit, by way of raising rail costs. They cite higher energy costs. But in reality, they are taking advantage of the grain to china trade. May they burn in hell.

Into strength, I will book profits in x and pcp.

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16 comments

  1. teapartyjr

    Fly, if you sell X and PCP today, as you suggested you might yesterday, will you be adding to the FAZ and VXX?

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  2. Dogwood

    The railroads also are taking advantage of the fact that most rural rail lines, where they still exist, are only serviced by one rail company, thus monopoly pricing reigns supreme. Railroads have spent the last 30 years ripping up track from rural communities and sending it to South America or melting it. Instead of having two or more rail lines running through town, many small communities now have one and customers pay whatever the owner wants to be paid.

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  3. The_Real_Hmmm

    BBY same store sales in China were up 30% – not sure about previous sales figures there.

    CAGC ripping again, much to the chagrin of all you fuckers short it.

    Grab the edamame and get in the Prius, we’re going green.

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    • Jakegint

      Lots of estrogen in that edamame.

      Be cautious, lest ye find ye’self with some prodigious man-breastusses.

      _______

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  4. Mr. Cain Thaler
    Mr. Cain Thaler

    Pardon me for saying, but we have gone to high, I feel, this morning. Prime correction territory.

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  5. Mr. Cain Thaler
    Mr. Cain Thaler

    By the way, we’re still in a debt crisis, assholes. Just thought you could use a reminder.

    http://articles.moneycentral.msn.com/news/article.aspx?feed=AP&date=20100615&id=11596725

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  6. Sataneller Luciforgan
    Sataneller Luciforgan

    “is raping farmers of profit, by way of raising rail costs”

    Not an asshole. Simply following his beliefs. He signed on to the UN’s Agenda 21 plan some time ago. This involves the Smart Growth and also the WIldlands strategies, which are the parts you don’t seem to like too much.

    Shipping Canadian (and what’s left of American) resources to China is the other part of the plan, but this is not outlined in Agenda 21. This was created by the Security and Prosperity Partnership of North America (SPP).

    Look them up and get acquainted.

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    • Mr. Cain Thaler

      Your last name should be “Lucifergan”, if you really want to play the Beelzebub angle.

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  7. Mr. President

    Still holding FAZ.
    Still holding VXX.
    Wait for it…
    Wait for it…

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    • Jakegint

      That’s what Wood’s steer-making ranch hand says as he tightens that device that drops the ‘nads off, eventually.

      __________

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  8. Cascadian

    Warren Buffet = robber baron railroad magnate! Who’d a thunk it? And he seems like such a nice old man.

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  9. Quint

    FXY breaking its downtrend…any concern about that?

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