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

Cracked Up

Okay, am I moving slow enough for you? I have been building my position in WNR with the utmost transparency, just to show you what Plutonium Petey is all about. I even revealed the amount of leverage (255%) applied to my personal account to show you what conviction is all about. What did you do?

Nothing. Some of you nibbled; but most of you watched.

Crack spreads are up another 4.5% now, nearing $26. Oil is trading down, while gasoline is up. Do you have any idea how bullish that is for refiners, particularly WNR? I told you we’d sit down, over a nice glass of brandy, once WNR touched $20, in order to discuss strategy going forward. Due to the rapid appreciation of WNR, it now constitutes 40% of my holdings.

As for the rest of my positions, they are doing well. My accounts are now up around 2% for the day, pushing my gains to 15%. However, my personal/aggressive account is up much more, now nearing +40% year to date. I realize this means nothing to you and only conjures up negative emotions, such as jealously, disbelief or anger; but I don’t give a fuck. I’m eating potato chips right now and I can’t hear a word you are saying, so fuck off.

[youtube:http://www.youtube.com/watch?v=5C5twY6f-rU 616 500] If you enjoy the content at iBankCoin, please follow us on Twitter

41 comments

  1. JTU

    Would you still buy WNR here?

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

    I nibbled thanks to you Fly! Making some good $$ on WNR.

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

    Fly, your target on WNR was 20. Will you raise it now?

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

    Hi Fly,

    I loaded on WNR yesterday. What is your strategy when it hits $20?

    Thanks,
    David

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  5. J. Livermore

    Well done sir, well done indeud.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  6. Alvari40

    “I’m eating potato chips and I can’t hear a word you are saying, so fuck off.”

    I can’t stop laughing.

    I am up 17% on the 2nd 1/2 of my WNR holding, but I did sell 1/2 yesterday.

    Many thanks for your thoughts.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  7. Alvari40

    BTW,

    VLO is not to be left out today.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  8. aggiealum

    I nibbled last Thursday. Wish I took a big honking bite after it broke past its all time high though. Thanks Fly! Don’t have brandy, but will Cognac or Scotch do when this hits $20 in the very near future?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  9. SteveTheNeighbor, Jr.
    SteveTheNeighbor, Jr.

    An ad for Sears arrived in the mail today and it has a sale on some lingerie. My WNR position is also building right now and is up substantially. I am so ashamed. Please don’t tell My Dad, Uncle Fly.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • Steve's mom's friend
      Steve's mom's friend

      Steve Jr! Better put that catalog back before your mom starts looking for it. I hear your dad’s favorite is on page 7!

      • 0
      • 0
      • 0 Deem this to be "Fake News"
      • SteveTheNeighbor, Jr.
        SteveTheNeighbor, Jr.

        Is that you Mrs. Friedman? I thought you were playing the Tues. afternoon Mahjong with Mom. I better hurry.

        • 0
        • 0
        • 0 Deem this to be "Fake News"
  10. alphadawgg

    Please tell me you are not eating prissy Pringles. Salt & vinegar chips are guaranteed to raise your blood pressure in a manly way.

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

    STOP ASKING HIM QUESTIONS!!!!
    he Can’t hear you… remember.. he is eating potato chips!!!!

    let’s just hope his denture does not slip… 🙂

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

    Two words: In Deud

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  13. Raule

    Commencing operation eat-disgusting-food
    Banking too much coin today
    I must knock myself down a few pegs.

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

    I sense the move in WNR isn’t nearly done. We will have some consolidation soon, but that won’t matter. New highs on the horizon, no reason to sell a winner.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  15. Hugh Hendry

    holy fuck… FIG.

    btw you saw so far into the future with OPEN that you out-timed yourself!

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

    I believe Boehner is the first black House Majority Leader ever.

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

      he will die of skin cancer soon. Where does he get that tan?

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

        By the way…. he is the Speaker of the House, not Majority Leader.

        • 0
        • 0
        • 0 Deem this to be "Fake News"
  17. Carsony

    Mash potatoes, covered with gravy.
    Wnr with a little Vlo over top is what
    I am Sir. Long…

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  18. Anthony Brown

    Another great call by The Fly! Tip of the hat to you good sir!

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

    No need to get bent up over the wachers.

    I love it all, the position, the transparency. But I am simply too egomaniacal to not do my own thing.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  20. TheV.King

    I’m selling mine at $20.20

    thks for the trade

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  21. Banned fellow from bklyn
    Banned fellow from bklyn

    I had to take some the other day when I saw the great and reliable A-n-A pattern forming that you posted with the chart , the rising ball as support was my stop point for the trade to manage risk .
    Must say it’s been a real long time since I took on someone elses trade.
    Just sold it all a few minutes ago , much thanks Fly ….

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  22. ogma107

    Not sure why you guys so dead set on locking in a (small) profit that you are selling out of WNR, especially with the crack spread at 5%. I’m balls to the walls on this winship.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  23. A Monkey Whos Fucking Colonel Muammar Gaddafi's Ukrainian Nurse
    A Monkey Whos Fucking Colonel Muammar Gaddafi's Ukrainian Nurse

    Mr Fly, I followed your advice on WNR (and unlike VXX last summer) I’m up nicely, whats the exit point?

    One more thing, buy WAB. I told ya so.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  24. stinkystank

    been in since 17.20 and added on today’s afternoon pullback. aw yeah, barry…

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