In for some dumbass moves, one way or another.
I bought 10,000 WTI in the $9.70’s and 10,000 SWN @ $37.90.
Disclaimer: If you buy the above stocks because of this post, the Devil will give you bad stock tips (inside joke). And, you may lose money.
If you enjoy the content at iBankCoin, please follow us on Twitter
Fly, I know you aren’t in a talking mood, but I have a question. Is there a reason why you don’t invest in gold stocks?
The reason I ask is that I have noticed that you normally trade swings, and there was a clear swing in gold over the last week. I would have suspected that you would trade the move, but you didn’t even mention it.
i leave gold for the leprechauns
Can’t speak for Fly but, for those of us who value objects, resources etc, based on what there applications and future utilization is and will be, gold is significantly overpriced. Obviously other, probably irrational, elements are at play, unless one can understand (doubtful) how to abuse those other factors; than investing in gold (short or long) is a bad idea.
While I disagree that gold is over-valued, I can understand your position. My view is that gold is a store of wealth. Thus, when the value of paper money goes down, the price of gold goes up. So, the situation we have today is that paper money has and continues to markedly lose value. This does not mean that Gold will ever be utilized for anything other than to store wealth. But I do not care about whether gold can be used for anything, I just care that my stocks rise.
For those interested, a good article was posted on Zero Hedge.
http://www.zerohedge.com/article/gmi-describes-future-recession-ongoing-depression-must-read-report
Zero hedge has been bearish since the March lows. While I may be very bearish here, temporarily, be careful trusting broken clocks.
Zerohedge looks solely at the macro economic view. Being bearish since 2007 has been correct from a macro perspective the entire time. I agree that it doesn’t make sense to make stock picks solely based on macro factors, and that cannot be exhibited better than the bounce from March 2009 to now.
That being said, the macro issues will eventually rule the roost, regardless of what has happened on the stock market. It is my belief that the day when macro issues take-over is quickly approaching. A month or 2 away IMHO.
A Rod just got 600.
Too bad it got caught in the screen and some fan didn’t get it to sell it back to A Hole for 1 MM and a years supply of roids.
AIG
or is it ARIG?
Dad works for WTI, he approves of this buy.
Yo Fly,
Did you keep your stake in ATPG? Thanks for the tip hommie!