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

Fly Buy: GMXR

I bought 50,000 GMXR.

Disclaimer: BIG fan of natty here, ahead of the debilitating and often disappointing, yet crippling, winter months. Plus, the ATLS gives me confidence that M&A is back in the sector. Having said that, should you follow me and buy GMXR, you will die from a rabies bite. And, you may lose money.

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75 comments

  1. Tradingmantis

    FIG indeud. Could fly be the puppet master instead of soros?

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  2. FIG

    Great buy IMO. Nat Gas is going to explode higher, and a beaten down GMXR is one of the best ways to play it. Other than that crap called UNG of course.

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  3. drummerboy

    fuck that,i want to piss on an iphone to tell me if i gots any stds from trading da vxx.

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  4. needle dick the bug fucker
    needle dick the bug fucker

    picked up 1k shrs of GMXR @ 5 bucks.

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  5. go2mars

    http://ir.eia.gov/ngs/ngs.html

    Natural gas storage is maxed out. Already above it’s 5 year high. I plan to set my thermostat to 32 (that’s hot for you farenheiters) and keep the windows open all day just because I can. What will it cost me? Not much. Crank up the hot tub. Convert the car to Natty. It’s cheap and abundant and will remain so.

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    • WTF

      Not an Earth day fan, are you?

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      • go2mars

        More of a habitat/ecosystem destruction environmentalist. CO2? Bring it on. Even if I believed CO2 was a significant greenhouse gas, (which I strongly don’t), as a Canadian, I could want nothing more than to heat up this frozen wasteland known to sub-49’ers as the “Great White North”.

        Check out http://wattsupwiththat.com/ for a more realistic view of the climate change debate. Disclaimer. I used to teach a University course entitled, “The Geological Record of Global Climate Change”. I know the issues, and have watched the politically driven pseudo-scientific fraud unfold.

        And I was kidding. I keep my house at 24 (comfortable for the ladies and babies to wear less clothing).

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      • go2mars

        Also, natural gas conversion for cars is much more environmentally and ethically responsible than gasoline or diesel.

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        • Yabollox

          Nah, it doesn’t make much difference which hydrocarbon you burn in your internal combustion engine. The computer controlled timing and tuning has helped eliminate most pollution in any type and improved efficiency. Hydrocarbon + oxygen = carbon dioxide+water vapor, and energy released. But we do have a lot of cheap NG in the ground here in N. America.

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          • Yabollox

            Those big white streaks up in the clear blue sky are airliners spewing out CO2 and H2O seven miles up above the earth. Greenhouse gasses 7 miles high! If they ever shut down the airliners I’ll start thinking the global warming people are serious.

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          • needle dick the bug fucker
            needle dick the bug fucker

            those big white streaks are “contrails”. all water vapor.

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          • go2mars

            The visible part yes. But jet emmisions have a lot of CO2 as well. Not that it bothers me. But the water produces a phenomenom known as “Global Dimming”. Look it up.

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          • Yabollox

            Global dimming is very controversial. Water Vapor is said to be more of a greenhouse gas than CO2, or so I learned years ago. But now there is a lot of differing information floating around out there.

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          • Yabollox

            Yes, condensation trails or contrails. But there’s as much CO2 in the jet exhaust as water vapor (H2O) The water vapor freezes, because it’s 50 below zero up there, turning it white.

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          • go2mars

            At -50, CO2 is frozen too. But it sublimes in sunlight too fast up there to be a major issue unlike water.

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          • Yabollox

            CO2 freezes at around -109.3 degrees Fahrenheit (-78.5 degrees C).

            It could be that cold up at 35,000 ft.

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          • needle dick the bug fucker
            needle dick the bug fucker

            The higher you go and the longer you stay up there the less fuel you burn. Fan jets have replaced the turbo jet.

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          • go2mars

            http://en.wikipedia.org/wiki/File:Carbon_dioxide_pressure-temperature_phase_diagram.svg

            Depends on pressure. Should be frozen at such low pressures. Check out the phase diagram.

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          • go2mars

            I meant that American gasoline comes mostly from unstable dictatorships, is shipped around the world (which also has an environmental cost), or involves burning lots of natural gas anyways to get it out (steaming the Canadian oil sands). From an end-to-end look, it is a lot easier to take some American sourced natural gas and run that through without making the middle east richer, or using up your “domestic” (Canada) supply.

            Plus oil makes chemicals, plastics, clothes, food additives, etc.. Natural gas just gets burned. Oil is more valuable, and much more scarce for Americans.

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        • scott

          If that’s the case, then buy Boone’s CLNE. Huge support in the mid-14’s and if Natty works, so will this…

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          • go2mars

            Boone’s made some great calls in the past. Legendary in fact. But he’s wrong on his current approach. He’s getting long in the tooth and starting to slip gears a little I think.

            The energy future of the USA will be dominated increasingly by nuclear power and natural gas.

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          • Colonel Von Ryan

            T-Boone has painted himself into corner after corner. Natural gas demand is a pipe dream until it is available on every corner gas station. Even then Detroit isn’t about to tool up for such an endevour… it would kill their business. Plus there is an eye popping amount of it in storage. Fuggetaboutit…

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          • Yabollox

            It doesn’t take much to convert a gas engine to burn NG. I just don’t know if I’d want to get into a wreck with a high pressure NG tank on board.

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          • go2mars

            They are super tough. If it was a bad enough wreck, then it wouldn’t matter anyways.

            Conversion to NG is easy. Just loose a bit of compression/horsepower for a given engine.

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          • go2mars

            lose. Not loose.

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          • FIG

            That is why the best solution is actually an electric/Nat Gas hybrid.

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          • go2mars

            I’m a shareholder and big fan of Tesla motors.

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    • Teahouse On The Tracks
      Teahouse On The Tracks

      I found this for “What Up With Dat” …

      http://www.youtube.com/watch?v=ELag3LFbVIc

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    • WTF

      Oh, oh, oh, what a snowball out of a short innocent comment!
      I’m no Al Gore, you can still enjoy your gas-heated hot tub 🙂

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  6. FIG

    For those of you not in FTK: Now is the time to get in. I must say that this time will be different than the last time it got this high. We are headed MUCH MUCH higher.

    As always, the Fly wins, eventually.

    I am still unsure when I will unload my shares of FTK, but I suspect it will take at least a year to top out. By then, the stock should be pushing 10.

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  7. Yogi & Boo Boo

    Geez, with all of the smarty pants around here today, can someone tell me where we will close today? Thanks. 😉

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  8. Trading_Nymph

    Big day for me…MOMENT OF THE MARKET….Copper is hitting the 4.00 level that has been it’s death blow for the last 5 years. Belief in hyper inflation. VS. a Breakdown of the commodity/Dollar trade. SO one has to be right, and one has to be wrong. It’s Stronger Dollar in one corner and Stronger Copper in the other, LET THE FIGHT BEGIN.

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  9. The_Real_Hmmm

    You people are thinking too long term.

    Low natty costs, temperatures in the NE reaching freezing, monthly increases in electric power generation using natural gas, cyclical peak storage entering heating season where natural gas is very cheap as opposed to the other power generating and heating fuels (oil, coal, etc.), and high short positions in the equities make the stocks attractive now.

    Consumption and net storage withdrawals turned around this past May. Natty deliveries to electrical power producers have almost doubled since January 2010 where all other demand (residential, commercial, industrial) has been tepid; consumer and commercial demand is at a cyclical trough right now. What’s odd is that residential price is up 50% ytd while industrial price is down 23%. /NG futures have increased 30% in two weeks.

    I’ve been watching some of the MLPs that offer high dividends because I stupidly shorted one a few months ago but have since covered. I am searching for stocks that supply electrical power generation and have high short positions.

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  10. joe

    Call e crazy but I shorted silver via zsl. I bought 25% of my intended position. Will complete my position in few days to 4 weeks!
    At the same time i own shit load of the metal itself. I think silver sees over $100 at some point in the future but that is probably a few years out.

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    • Yogi & Boo Boo

      I think you are more on the right side. My tell was KWK a couple of weeks ago. The founder wants(ed) to take the company private. Now today’s news. When things like that start to happen you know it’s a value proposition. It may take a while to work out, but you are on the right side of things.

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      • Yogi & Boo Boo

        That response was for Hmmm.

        Nice call Joe. We’re at HOD.

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        • Jakegint

          Joe has no money. He’s bankrupted himself w. more wrong way calls than Devil Dog in his prime.

          In fact, Joe may be Devil Dawg, bunker-expelled version.

          _______

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          • Yogi & Boo Boo

            LOL – I don’t know Joe. BTW Jake, if this is a ST top in SLV where do you think support is?

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          • Jakegint

            That gap on SLV in the $24.35 area looks about right.

            _____

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          • joe

            jakeCUNT again…
            I have made a shitload of wrong calls this year I admit but I am still up slightly for the year!
            as far as ‘no money’ comment…My 1/4 of the SLV position I entered today is larger amnt of money than you and your white trash relatives combined, will ever have!
            Don’t you have some abortion clinic to bomb? Fucking freakoid!

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          • DMG

            LOL – how’s your ex doing?

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          • joe

            speaking of freakoids….:) so many of them inbred cocksuckers!
            Ex is doing fine as much as I can tell. Thank you for asking.
            How is your mistress who happened to be your sister doing?

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          • DMG

            How does it feel to be a failure?

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          • joe

            how about you have your brother CUNT write a book about you so I can learn about being a failure. have you ever had ‘sexual relations’ with him?:)

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          • DMG

            I piss excellence.

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          • joe

            ‘I piss excellence’
            Them’s called ‘golden showers’ is your brother cunt on the receiving end all the time or do you take turns?

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          • drummerboy

            your all a bunch of fucking cum gusslers so stfu you sound like a bunch of stupid fucking cunts. none of you have a real mans cock

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          • TheV.King

            young joe(y) I feel your hatred growing….good….now listen shit stain….A 1/4 of any of the V.King’s positions are worth more than any of you or your liberal cum sucking relatives lives…Now why don’t you climb back up your mother’s blood hole and have her get a 50th tri-mester abortion. When their done have your vacuumed remains sent to me so I may serve them to some homeless mexican day workers….

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          • joe

            Oh, the spermbank v.king comes along! Speaking of freakoids…where do they all come from?:)
            ‘ I feel your hatred growing’???Looks like you burning in it needledick! Although if you are going to have an original comeback you have to be original and not just repeat what I said. Especially since what I said is true while you just blowing smoke up DMG’s ass. Look closely in there…see that little bump? thats jCUNT!
            cheerio inbred, redneck, white trash imbeciles!

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          • TheV.King

            Listen sweetie, the general manager at Kinko’s is going to throw you out of the store if you keep using foul language….Now go get the V.King a large Ice-Tea and some Whey Protein.. And take your high heel’s off, I don’t think you’re getting enough blood to your brain.

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          • Jakegint

            Are you working at the abortion clinic again today, Joseph?

            That’s a lot of mess to mop.

            ______

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        • The_Real_Hmmm

          The whole report from the end of October on natural gas in here. It’s where I got some of my info.

          I view FTK as more of a play on the horizontal rotary rig count which has been hitting new highs thanks to the plethora of gas at US-based shale sites. The “inventory build” cycle should help earnings for the drillers, compressors/storers, and pipelines but I think the fact that supply has been thoroughly proven here won’t make natural gas a runaway commodity like some of the dollar-denominated metals. I’m not positive either, but I believe it’s not widely adopted worldwide as a power generation source.

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          • go2mars

            Spot on Hmmm. Oil and uranium are the where the story is at. Caps on oil price for the US include shales ramping up, LNG offloads, Alaska Pipeline and Mackenzie Valley pipeline costs, and increased drilling in tight sands that are “almost economic” at todays prices.

            Oil? That’s trickier.

            btw. Did you know that Natural Gas can be turned into diesel using about 20% of its energy? Only becomes economic to do so at much higher hydrocarbon prices.

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  11. Yogi & Boo Boo

    People, I just want to say, you know, can we all get along? Can we get along? Can we stop making it, making it horrible for the older people and the kids?…It’s just not right. It’s not right. It’s not, it’s not going to change anything. We’ll, we’ll get our justice….Please, we can get along here. We all can get along. I mean, we’re all stuck here for a while. Let’s try to work it out. Let’s try to beat it. Let’s try to beat it. Let’s try to work it out.

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  12. the real John

    Finally……

    http://www.ndtv.com/article/cities/a-bank-that-lends-you-goats-64788

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    • Jakegint

      That sounds like Joe’s second job, ovah heah:

      In tough terrains of Mirzapur district, most of the people are engaged in crushing stone to earn a living.

      “Wives of these people help them in crushing stones and breed two-three goats for additional income,” Singh said.

      “Though the area is best suited for goat breeding, no effort was made to establish it as a full fledged business activity,” he said.

      “We provide goats to women having interest in taking up breeding as a full-time activity as loan. When a goat gives birth to kids, generally two to three in numbers, one of them is deposited with the bank again,” Prema explained.

      Goats in the bank are medically examined every week.

      ___________

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      • go2mars

        “We provide goats to women having interest in taking up breeding as a full-time activity”

        Sounds reasonable… 🙂

        That must be the side-business. Crafty goat bankers…

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  13. The_Real_Hmmm

    PVA is actually somewhat interesting despite some of the hate from the street. First, it sell under book (.69) and about half of the share price is cash. 13% of the float is short. They recently divested from coal and other resource assets and took some positions (August 2010) in the Marcellus and Eagle Ford shale regions in PA and Texas, respectively. They are now considered a more pure exploration and production company as a result. As costs get digested and their book gets established they should show growth. I have to do some more research on this to see what kind of timeline they’re working with but it is an interesting one.

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  14. RogueMissileLaunch
    RogueMissileLaunch

    Three days from now, you will wish you had bought VXX today….

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  15. Quantatative Weasing
    Quantatative Weasing

    shaking the tree knocking off a lot of weak lemons

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  16. fogdog

    Release the Kraken!

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