Shorts Roasting at 192 Degrees
It is true: Yesterday, I sold out of 90% of my Green Mountain Coffee Roasters Inc. [[GMCR]] position. However, that does not preclude me from participating in today’s spike, quite the contrary. For the love of little squirrels and French strudels, I am still long the stock and will be most delighted to see it charge higher. See, I am not attached to stocks, like you are to a chart. I use them as vehicles, in order to get from point A to point B. I will not lie to you and say “I never get emotional with stocks”; because I too am human (half) and fall victim to delusional fantasies.
Case in point: holding Flotek Industries, Inc. [[FTK]] , with an overall cost basis of around $2.30, was a mistake, yet here I am still holding it. Why?
Perhaps I truly believe that the stock has been unfairly punished and is cheap? Or, maybe the stock possesses hypnotic powers over me, effectively tossing me into a handicap chair, disabling me from selling it. Whichever the answer, I should not be in the stock, period. However, since I am already in the stock, with no choice other than to root for the shares to climb higher, I insist, rather emphatically, that the company is led by fucking big booted homo clowns, who must use company dollars to shoot each other in and out of carnival cannons while saddled on lazy camels, instead of selling drilling parts. Hopefully in 2010, they can regain some dignity and I can get the fuck out of the stock.
Another interesting name is Sears Holdings Corporation [[SHLD]] . The stock has been a favorite for shorts, mainly due to K-mart being such a terrible retailer and Cramer loving the name. Nonetheless, Sears is a cash cow and the Chairman, Eddie Lampert, is on a mission to annihilate those who bet against him, via large company sponsored buyback program. Let’s face it, the consumer goods sector is on fire, as evidenced by sales data out of Whirlpool Corporation [[WHR]] and Jarden Corporation [[JAH]] . Where do you think those fuckers sell their fucking blenders?
Exactly.
Look for SHLD to bust through $100, AND MORE, in 2010.
Finally, let it be known, it’s cold as fuck here in NYC. Natural gas has been an enormous disappointment for investors in 2009. All of that shit is about to change, in a big way. With my money, I am long SandRidge Energy Inc. [[SD]] and intend on making it a top 3 position of mine, alongside other names like Arena Resources, Inc. [[ARD]] and GMX Resources Inc. [[GMXR]] . If you are wondering “what’s it all about,” I will tell you.
It’s all about flaying short sellers and wearing their skin to your next dinner party. That’s what it’s all about. Find a stock with a large short position, accumulate it ever so gingerly, then go in for the kill.
Top picks: SandRidge Energy Inc. [[SD]] , Corinthian Colleges, Inc. [[COCO]] , Sears Holdings Corporation [[SHLD]]
indued, FIG.
lol.
“Indued” indued!
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There is a movie about naked short selling called “Stock Shock”–great dvd. Netflix and Amazon has it or it’s cheaper at http://www.stockshockmovie.com
Eddie Lampert is the CEO?
look for GFRE to go up here.
http://ibankcoin.com/henry_fool/2009/12/29/gfre-breaking-out-ill-bet/
Chairman
You did well on GMCR, most people don’t have the nuts to take a little off the table and let the rest ride.
We tried the Keurig coffee brewer you gave us for Christmas and it was very tasty. You are a real mensch. Steve,Jr. still believes it was a regift as it looked slightly used, but no matter as it was still a nice gift. The Nantucket Blend was smooth and yet rather pleasingly bold at the same time. Hopefully I will find employment soon so I can afford the K-Cups.
Why can’t Fly hire you as his late night driver?
Every SAM should have one…
I would love to drive Fly around in his PT Cruiser. I would get a chauffeur uniform that looks like this.
http://www.vintagelimousinehire.co.uk/Model%20A%20Sept%2009%20106.jpg
You might look a bit gay in that outfit, lol.
The high boots could be problematic.
I would need the boots to stomp out the small bombs thrown at Fly from his enemies.
well, took an entire 24 hours, but you answered my question from yesterday on if you were planning to sell for a tax offset or keep FTK thru into the new year.
and keep the IT guys gravy bowl away from your new green robe.
yep great call on Green mount, Fly. If I recall conrrectly Devil Dog lol (another name that’s dropped off IBC for some unknown reason
) said he was selling it short looking to make 20 bucks on the trade. I’m now wondering what the Dog is up to with his short poison…. oops I meant postion.
Dogs I know you’re reading this.. any comment?
Yeah, its cold as shit here in Orlando too…Around low 70’s; Might go fishing again today…
Finally watched Avatar on Imax 3D, and let me tell you…”Dances with Wolves” anybody? Definitely not as good as “some” in this board claims to be…It is still a good movie, but ehhh…I put as the same category as District 9.
As far as the market…what a snoozer; catching up on my reading instead;
fuck off Mike.
what are you reading?
my current read is “Kilo Class” by Patrick Robinson
nothing, at the moment.
I am reading the ingredients label on the back of my bag of frozen Ray’s New York Bagels.
It was buy one get one free at Publix several weeks ago.
May have to turn the air conditioning on later.
As I was locked in the dentist chair yesterday with my headphones and CNBC as my only solace, I noticed that Fan and Fred were up big yesterday… wtf wit dat?
Also noticed they had the “B” team on yesterday. The one British guy looked like Frank Gorshen of Riddler fame and the little blond strumpet taking over for Burnett looked like she was trying to flash her way to the top.
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Treasury wrote them a blank check, removed cap on backstop.
You have a thing for dentists, no?
He’s the guy from Little Shop of Horrors. Carnation anyone?
2010 is the year of the dentist for me. Ugh.
And by “contact” I don’t mean fingers scratching outer cup surface just prior to one’s “wind-up.”
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One thing I’ve resigned myself to, and that is if you played contact sports in high school/college, you are going to have a much more intimate relationship w. your dentist once you get past that 20th HS reunion.
So by all means, if you can make sure your dentist is a babe, then do so.
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FYI, they should switch Burnett with the Australian chick; Can’t….stop….staring…at…boobies…. (UP for ratings).
Shocking accent. She’s what we call a westie from her tone. Nice rack though.
Didn’t notice she was Ozzie… hence the strumpet’s clavage (sic).
Frank Gorshen (the Riddler, or was he more like the broken robot from Terminator II?) seemed to be some manner of Brit as well.
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They shipped Burnett off to Nigeria, to make room for Mandy. I don’t know how Haines can sit there for 2 hours every morning and not get poked in the eye.
At least now we know where the term “Down Under” originated.