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
23,474 Blog Posts

Another Snoozefest

Just make sure this snooze-fest doesn’t transform into some sort of fucked up noose-fest. For the most part, I am up today, thanks to my outsized WNR. However, most of my stocks are down, reversing lower after opening green. I fucking hate that.

Breadth is negative, with just 49% of stocks inside of The PPT green.

I don’t have a sense of urgency to do anything just yet. It’s early April and equities are supposed to trade up. Should we trade down for a few days, so be it.

In the interim, I will continue to accumulate refiners, as their prospects have never looked brighter. Did you know that WNR stands to make more $$ per barrel, in 2011-2012, than all domestic refiners? So, tell me, small pleb, WHY THE FUCK IS IT THE MOST HEAVILY SHORTED?

Answer: to be continued.

If you enjoy the content at iBankCoin, please follow us on Twitter

19 comments

  1. Alfdaddy

    Fly.
    i know you have a crystal ball, who could be interested in WNR as a takeover? Do you see M&A in the refiner space this year?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. Fashole

    more mad science.

    http://www.marketanthropology.com/2011/04/where-rubber-meets-road.html

    interesting and well written – but way over my head.

    Short transports relative to the s&P?
    Long dollar?
    Long silver relative to gold?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. Cascadian

    Adding a little more WNR, just a little dab more.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  4. WTF

    Fly, could you also clarify why the institutional interest in WNR is the lowest among peers (you mentioned it in earlier posts)?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  5. xxxHuggieBearxxx
    xxxHuggieBearxxx

    This market has the feel of death.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  6. checklist

    I am extremely snoozie today. I cannot shake my generally agnostic outlook, so I sit

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  7. alaw35

    I am making money with WNR. If I had been smarter (or less dumb) I would have bought when Senor Fly said to buy. And if I had any nuts, I would have bought more. Having said this, I am making money thanks to Fly and ibankcoin!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • alaw35

      So having said those nice things, what gives with FORM? Sucking the last few days. Hanging on but barely.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  8. Charlie Sheen

    WNR does stand for WINNER! not wiener. Flying high in April – shot down in May – that’s life – that’s what all the people say.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  9. drummerboy

    more like a SHIT FEST gpl, godamn head fake, even when she was giving head.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  10. The Fly

    I will answer your questions shortly.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  11. drummerboy

    oh, and i expect more shorts to climb on.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  12. TraderCaddy

    TXN halted for news and SMH is soaring in AH.
    No idea.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  13. A Monkey with An 8-Ball Laid Out On His Spacebar
    A Monkey with An 8-Ball Laid Out On His Spacebar

    WNR, today I like it. Silver will not be stopped. When “real” US unemployment hits 50%, next year, silver will be at $400/oz and all gold will be confiscated by the Obama regime.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  14. TraderCaddy

    INTC will face pressure to buy.

    • 0
    • 0
    • 0 Deem this to be "Fake News"