Fly Sell: RACK

I sold 10,000 [[RACK]] @ $12.85.

UPDATE: I sold 10,000 @ $12.80

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I hate chasing stocks that have already shot up by 1,000,000%. So, I put together a short list of stocks, that may benefit from the current “Joey Bag o Dollars approach” to investing— which is, quite honestly, asinine and beyond reproach.

Here is my “platinum” watch list:

[[WX]], [[M]], [[LOW]], [[TGT]], [[TSO]], [[VLO]], [[RIG]], [[GLBL]], [[MU]], [[NVDA]], [[RFMD]], [[PMCS]], [[NSM]], [[KLAC]], [[ESLR]], [[LDK]], [[RIO]], [[JNPR]], [[EQIX]], [[FFIV]], [[CAVM]], [[HLIT]], [[GRMN]], [[DSX]], [[NM]], [[EMC]], [[STX]], [[TKC]], [[NIHD]], [[PHM]], [[CX]], [[CLX]], [[ETN]], [[CTSH]] and [[GLW]]

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How can I go wrong with [[AIZ]]?

Tell me.

They provide property insurance to banks, regarding foreclosed homes.

Another Fly win.

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Bulls are just looking for excuses to get long. Today’s inflation data was phonier than a $20 Coach bag, yet we are sprinting higher.

It’s worth noting, bank stocks are not participating in this rally, yet.

Across the board, tech and industrial names are on the move. The usual suspects.

With the buckets of coin under my possession, I will sit this rally out. At this point, I am unwilling to commit new capital to new long ideas, and too stubborn to cover my shorts.

[[FNM]] up this much is a complete laugher. If I were long, I’d sell that fucker immediately.

If anything, I like the weakness in select energy stocks. They’re worth dip buying.

[[CLNE]] is down on very light volume. I like it here.

Finally, Chinese lottery stocks are out of control. Take a look at [[CAAS]], [[RCH]], [[KUN]] and [[SORL]]– just to name a few. My dice roll is [[NOEC]].

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Poof. Your bullshit inflation is gone.

–Merlin, CPI data gatherer

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Blog with great frequency.

Class dismissed

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[youtube:http://www.youtube.com/watch?v=LCW4A0ACDKM 450 300]

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I’m back. Moreover, I do not appreciate shit from “oldmantrader” grabbing the headlines. How egregious.

While I was away, the market made a nice comeback, with the exception of the banks.

Listen to me: either the banks are buys or sells. You cannot have it both ways. It doesn’t matter that [[C]], [[BAC]] and [[MER]] have raised a gagillion dollars, due to their writedowns. It doesn’t matter because those “writedowns” will likely become “writeoffs.” Anyone who thinks they have it all figured out, due to past references, I am telling you now: you are naive.

Home prices have not bottomed. The underlying “collateral” behind all of the toxic paper is in depreciation mode. Therefore, it is fair to say the following will occur:

Banks will be forced to “writeoff” the bullshit paper on their sheets—instead of sticking a bandaid on the problem, via “writedowns.”

Banks will continue to raise capital, in a very dilutive way—pressuring equity prices lower.

Many thrift and regional banks will be closed, by the FDIC.

Now, that doesn’t mean some drunk stock trader can’t make coin in [[RIMM]] or [[AAPL]].

Short the banks: that’s my position.

Aside from [[SKF]], I am short [[LEH]], [[MER]], [[DSL]], [[WM]], [[FHN]] and [[FED]].

As for long ideas:

If you do not have energy stocks in your bullshit accounts, you have no right or business managing real money. You’re better off paper trading and sending your fucking results to that queer Dinosaur, at the end of every day.

With oil above $125, I love [[CLNE]], [[NOV]], [[ARD]] and [[IOC]].

Finally, with dry bulk shipping rates through the roof, I may bag some trades in [[NM]], [[DSX]], [[EXM]] or [[PRGN]]. I can’t buy into [[DRYS]] or [[GNK]] after their “balls on fire” run. Not for me.

UPDATE: Here is a worthwhile report on the shippers.

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When blogging, be sure to convey your message within the rules of proper syntax.

Class dismissed.

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[youtube:http://www.youtube.com/watch?v=q0eDmJsL1ro 450 300]

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