Black Flag For the Bears

Your faces shall come under assault from egregious shots of grape, derived from my antique 18th century cannon. There will be no quarter given to anyone betting against my positions, especially those who target my degenerate penny stocks. It is in your best interest, mind you, to flee from the battlefield, via cutting your losses, and going home to Mom’s house for a nice plate of lizard stew.

“The Fly” is heavily caffeinated this afternoon, by way of large cups of coffee and small tins of energy soda. Let it be known, I have made it my business to kick old/overzealous men down idle manholes (old men short stocks). For those of you who are above the age of 47 1/2, I strongly advise staying away from urban areas, where manholes are readily found. And, if you were not aware, please never visit iBankCoin again, for you are not welcome.

As for today’s trading:

The underpinnings for a short squeeze are present, with tech and CRE leading the way higher. However, it’s worth noting, those dastardly banks are knifing lower, based upon some silly notion that they need to be solvent, in order to cook their books. Frankly, the whole banking two step dance, being choreographed by the O’government, makes me sick. I want no part of the banks or any other financial related name. My time is best served picking at depressed names, readying to poleax short sellers into muddy gravel pits, like WRES (hat tip CA) or CROX. You must have a large cocks in order to buy CROX (I had to say that).

I sold out of my entire FXP position today— and remain with several low profile inverse etf’s, including, but not limited to, SRS, FAZ and a little EEV. It’s terrifying to think that I am long equities into the teeth of the economic downturn. Common sense dictates to raise cash and hedge my bets. In all fairness to my case, I have been raising cash, over the last week. My buys have been much less than my sells. At the present, my cash position is upwards of 10%.

I am not sure how long this “inventory restocking” trade will last. However, while it’s here, I intend to pick the quickest movers and flick cigar ashes at you piker brokers on Wall Street, trying to be “The Fly.”

NOTE: Scientifically, it is impossible to be “The Fly,” so quit trying.

UPDATE: I bought LVLT, between $1.05-1.07, OVTI @ $9.06, ATHR @ $17.30 and WRES @ $1.72.

UPDATE II: I bought 5,000 [[BRCD]] @ $5.55

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