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
23,479 Blog Posts

Look With Me Into the Future

Refinery stocks have been ripping tits as of late. It’s funny because their crack spreads have tightened, markedly. At any rate, all of the earnings for the refiners have been nothing less than stellar. I’ve been less chitty-chatty about them because my WNR position is barely 5% of assets, down from 25%.

I was going to buy ALJ, ahead of earnings yesterday, but forgot to while watching shares of NFLX go on a gorilla run.

I shall not make the same mistake twice.

I closed out the week buying shares of DK, ahead of their earnings report next week. If history is of any use, they will detonate a nuclear bomb on the skeletons of shorts next week.

In summary, I am proudly long WNR and DK (no homo).

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30 comments

  1. Pietro_F

    Long DK = Dennis Kneale?

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  2. Clark

    DK already reported earnings 11/2, but I agree with your call and am Long.

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    • The Fly

      hahaha. You are right. This will go down as a day of shame for me.

      I will leave this post intact as a memory to procure more than 3 hrs of REM sleep per night.

      Sheepishly, I bow out of these halls in total shame.

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      • Clark

        I still bow to the greatness of The Fly.

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      • Bullish

        Maybe you could ban everyone on this thread, erase this post from exsistance and use the “neuralyzer” from Men in Black to erase it from everyone’s memory whom had read this post.

        Problem solved.

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      • MetalLeg

        Your humility is much appreciated. Even Michael Jordan missed a shot from time to time.

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  3. riggedgame

    DK reported yesterday. $1.58 for the quarter. You can buy it for $16.50 in After-Hours.

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  4. FXtravert

    I trade currencies only.and everyday is earning in the forex pairs.but I used to trade stocks and looking at literally thousands of them a week. Its easy to fuck up the earnings dates.no big deal..blame it on the banks..

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  5. Blind Read Ant

    Fly, you might toast EVEN more if you tried ITunes’ “Radio” station “Trance Never Sleeps”.

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    • Huh?

      Ant…I don’t get you. Are your posts convoluted on purpose?

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      • Blind Read Ant

        Let me spell it out for you.

        Unless you graduated, with honors, from a top tier research university and hold either an initial M or D following the comma in your name, you really have only your parents to blame for failing to comprehend my content.

        Dismissed.

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        • Hanky

          Or, you might be foreign and English is your second language? Looks like you were dismissed one too many times from English class.

          Thanks.

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        • SUBCOMANDANTE CHINCHINILLA!!!!!
          SUBCOMANDANTE CHINCHINILLA!!!!!

          An M or a D, but not both?

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          • Blind Read Ant

            Touché.

            Mathematically, equal to or greater than.

            Sometimes a gentleman of importance makes incisions that are not intended for healing purposes.

            Such as is always the case with riff raff. I am not at the point where I hire blue-blazer trailers with concealed carry permits.

            Not there. Not yet. Never. Hopefully.

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    • Cheesetrader

      Jesus God yes – crack for the ears. Sirius’ version makes my commute all too short

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  6. panamaorange

    Bullish “complex inverse head and shoulders” patterns in

    EWQ france, EWI italy, EWP spain, and EWG germany

    The fact that they are holding up, in spite of this TED spread blowout, is actually bullish divergence.

    In fact, last time TED spread spiked this high relative to SPY, it was just before the big 2010 rally.

    http://tinyurl.com/3fd7r9l

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  7. freefall

    fly says shorts will nuked next week? sweet! the end is nigh..

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  8. Damon

    What? DK

    Those are my initials!

    I sense the need to buy.

    Do you have a general target price, Mr. Fly?

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    • Damon

      Ouch….okay. I think I logged about 4 hours of sleep this week. Definitely not a good thing. Target: 16.50

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  9. alf44

    In the spirit of the title of this blog … and the word “fly” well …

    Fly Like An Eagle

    Time keeps on slippin, slippin, slippin
    Into the future
    Time keeps on slippin, slippin, slippin
    Into the future

    I want to fly like an eagle
    To the sea
    Fly like an eagle
    Let my spirit carry me
    I want to fly like an eagle
    Till Im free
    Oh, lord, through the revolution

    Feed the babies
    Who dont have enough to eat
    Shoe the children
    With no shoes on their feet
    House the people
    Livin in the street
    Oh, oh, theres a solution

    I want to fly like an eagle
    To the sea
    Fly like an eagle
    Let my spirit carry me
    I want to fly like an eagle
    Till Im free
    Fly through the revolution

    Time keeps on slippin, slippin, slippin
    Into the future
    Time keeps on slippin, slippin, slippin
    Into the future
    Time keeps on slippin, slippin, slippin
    Into the future
    Time keeps on slippin, slippin, slippin
    Into the future

    I want to fly like an eagle
    To the sea
    Fly like an eagle
    Let my spirit carry me
    I want to fly like an eagle
    Till Im free
    Fly through the revolution

    Time keeps on slippin, slippin, slippin
    Into the future
    Time keeps on slippin, slippin, slippin
    Into the future

    ~ Steve Miller Band ~

    .

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  10. fucking lol

    conspiracy theory asshat of the week award
    http://www.youtube.com/watch?v=uSPsTvPdyQg

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  11. dave

    The majority of these posts are detritus floating lazily on this blog. Bring on the TradingNympho and V.king .

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    • ruggyup

      Agreed. Or, most of these posts could benefit from an aggressive dose of liposuction.

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  12. MOTV8

    And you thought Margin Call the movie sucked…

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  13. ruggyup

    Inspirational derivatives:
    Transportation employment increased more than 2 percent year-over-year in October, with rail employment up 3.8 percent and trucking up 2.9 percent.

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  14. jose mann

    shit, where is the Nymph ???

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  15. walktothecabin

    Fly,

    The stock VGNA appears to be halted/out-of-business.

    Interesting.

    The Dude

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