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
23,452 Blog Posts

Fly Buy: MMR

I bought 5,000 [[MMR]] @ $11.23.

Disclaimer: If you buy MMR because of this post, the next time you are on a road trip, you will receive 4 flat tires in one sitting. And, you may lose money.

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23 comments

  1. Kreizi

    Le King Est Mort, Vive Le Roi!

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  2. noodle

    anybody remember me saying oils gonna break the fuck out a few days ago?

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  3. noodle

    anybody remember me saying oils gonna break the fuck out a few days ago??

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  4. FIG

    It looks as though the Fed is going to make a change to their policy next week. From what I have read, they are worried about deflation and the fact that employment continues to drag. I think they are going to start really ramping up QE.

    I believe that points to a terrible employment report on Friday. I also think that points to higher commodity prices.

    The big question is what happens to stock prices in this scenario. Since higher commodity prices means higher stock prices for commodity names, it should also mean a higher stock market. However, the initial reaction to the new policy will probably be a large drop in the stock market.

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    • JakeGint

      Nyet!

      ___

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    • Kreizi

      Please clarify the link to higher commodity prices.

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      • FIG

        higher commodity prices due to lower value of the dollar.

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        • WSJC

          Then explain gold to me please. We already know Non Farm Payrolls will suck monster rhinocerous cock on Friday, Geithner has already told us this. The Dollar RSI has fallen so far off the deep end that you can see cocaine remninces on George Washingtons nostrills. This is a squeeze on the oil shorts……Look what has hit the news lately, GS predicts bw $150 and $200 crude in 2yrs mind you, which seems to be overshadowing China forecasting lower qt 3 energy demand……When that market gets plowed, do yourself a favor and make sure you have a stop in place, bc we’ll be back at $68 sooner than you think.

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  5. JakeGint

    McMorons!

    35 billion Dumbass-Burgers sold!

    ______

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  6. YaBollox

    MMR = exploration in the GOM. Any chance they get hurt by a moritorium of some sort?

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    • The Fly

      Just a trade you jackwagon.

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      • Frank White

        I think you mean chuckwagon.

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      • illmighty

        lol! ova here in mamby-pamby land…I’ll see your MMR and raise you an old flame: GMXR. If there’s gonna be a squeeze, this one is setting up pretty nice too! IMHO

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  7. wilmer

    Look back at oil and the market in ’07 and tell me how that worked out for stock prices.

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    • FIG

      That depends on what stocks you are talking about. Commodity based stocks took off with oil and other commodities while other stocks lagged and even went down.

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      • wilmer

        Yes, initially, until prices could not be sustained and deflation set in.

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  8. arch

    vxx @21.53

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