Fire Into the Close

Get ready burlap’d bearshitters: this market is about to melt you down to a cinder, into the bell. I suggest sitting there, in your bullshit chair made from pleather, drinking profusely, swallowing ice cubes whole.

The wondrous part of this tape is that it is ignoring the decapitation  of the gold bugs and the crazy cloud guys, and chugging ahead. Like a runaway train, powered with plutonium, nothing can stop this momentum now. Times are good for the have’s, which is all that matters when it comes to the stock market. People need to put their money somewhere, so it’s going into equities. Your stubbornness has landed your head inside of a vice.

Enjoy the squeeze (lemons).

Top picks: ROVI, KEG, BORN

So I fucking found something I liked, buzz off.

I bought 2,000 ROVI, personal account.

UPDATED: I added to my PH position.

UPDATED II: I went in again, buying 30,000 KEG

With more than 20% of my holdings in cash and an itchy trigger finger, I am biding my time, trying to suppress my desires to add to positions here. The market looked fantastic, oh, about 1 hour ago. But now it looks much harder. The dollar reversed higher and commodities are getting hit. For optimal entry points, I suggest waiting for the commodity sell off to apex, then nibble. Buying right now is equal to knife catching.

Don’t get me wrong, knife catching can be tonnes of fun. But it’s bloody.

At the top of my buy list is MTL and FNSR, two different sectors, both cheap on fundies. Additionally, I am eyeballing ALV and KEG.

The important part about this market, or any market for that matter, is that it’s not going anywhere. Sometimes I do not look for any stocks. I don’t feel like it. Other times, I work like a dog for one stupid stock to rifle off buckshots in my face. If you don’t feel like trading, don’t. Often times it’s the rushed trades that come back to bite you in the face.

Raising a little more cash, I trimmed back my TEX positions and sold out of CRUS.

If something comes up, I will nibble. If not, I will likely wait until tomorrow to start a new position.

I booked profits in CRUS.

No more conjecture or talk, with regards to the direction of this market. We are simply going higher, regardless if you like it or not. Your feelings should never enter the equation, just the size of your balls. The fact that you are not long indicates to me that you are, indeud, a pussy, undeserving of coin.

Japan caught an S&P downgrade to the face and no one cares.The dollar is trading down and that’s all that matters, until it doesn’t.

Within my positions, I am making a great deal of my money, long CRUS, OPEN and AMKR, all ancillary, but very important positions of mine. For the most part, all of my positions constitute at least 5% of my overall holdings. Like O’Bama said, we do shit BIG here in the US, even bigger in this shit hole called NYC.

Using my crystal ball, I see much higher stock prices in store for my AGQ, EXK and BORN positions.

Position accordingly.

When I hear people talk about how much money they are making, it makes me laugh. I know most of you fall into that income bracket. It’s baby money, really. You’re fucking around with what, 250k, 500k? You have a chick hedge fund, managing just a few mill.

Let me put it to you this way, my son’s accounts daily range fluctuates your entire NAV, and he’s only 14. Before you step to me with your stories, get your account values up.

Fuck your blog. You can’t hold a candle to me when it comes to gaming this market.

Speaking of which, I am dead serious when I say we are going to 14,000+. You can fuck around with gorilla brained trades all you want. I will stay focused on the big picture, while dumping discretionary money into diamonds and crates of wine. I’m moving soon and find no need for a fucking mortgage. I can pay for 6,000 sq ft in your favorite neighborhood, ALL CASH, if I so choose.

How’d I make my money?

Watch me daily.

Some of you misfits are getting lost in the chaos here. I am not here to help or coddle you. What you see here is pure, unfiltered, transparent, winship. Anything but stocks is a distraction. I do not care about your sensibilities or your desires. You have an incredible asset available at your disposal, by reading me on a daily basis.

Fuck, if I was able to read me when I was starting out in the business, I’d be very grateful and appreciative—because it would allow me to bank coin at a criminal rate. You need to come to grips with the fact that I am superior to you, in every possible way. Once you can accept my dominant position, with regards to stock market prowess, you can begin to learn.

Today, I allocated more dollars into the market, reducing my cash position to 15%. Your opinions are not needed or welcomed.

Looking back on my VXX beheading, you need to understand the rationale for the trade. At that time, Europe was in flux. I was predicting an Greek/Irish/Portuguese default. I figured that would dilute the euro, lending strength to the dollar, effectively raping stocks. However, a curve ball was sent my way in the form of QE2. The result was a staggering stock market return, since QE2 was announced.

Guess what?

Nothing has changed. The Fed is continuing its path of mass liquidity and will inflate the fuck out of this stock market. The European crisis is over. Deal with it. On the back burner is a municipal budget crisis, which will do what?

Answer: lead to more bailouts and more inflation.

In short, we’re going up 20% from here. Target on the Dow 14,400.

I added to BORN in the low $14’s, EXK in the low $5.90’s and OPEN at around these prices.

Disclaimer: If you buy these stocks because of this post, the Fed will end QE and jack up rates by 100bps. And, you may lose money.

Fuck yeah!!! America is back and doing shit BIG again!!!

NOTE: using more than 2 exclamation points at the end of any sentence or phrase is said to be a sign of mental instability.

Back to my nap. Here is some good old fashioned celebratory music, for you Dow 12,000 lovers.

So what MOTR is up this morning. The stock broke below a plane I had in mind. It sucks that I had to take a loss; but it could be sitting at $15 now with a different press release. In general, you asshats need to go fuck yourselves and quit being so concerned with me. You’re better off playing with some dynamite sticks, inside of a refinery, than wasting energy thinking about me.

Feel free to come to iBC and throw oatmeal and meatloaf around. Sure, everyone does it. However, do not be surprised when I track you down, like the pigs that you are, and punch your eyebrows off.

Two ipo’s coming public today, DMD and NLSN. I have zero interest in NLSN; but I do like DMD. They own that website, along with many others, ehow.com. The only publicly traded company similar to their retarded advertising business model is MCHX. I believe DMD makes more than 20% of its revenue off GOOG ads. So, it’s basically sucking off the tit of GOOG.

The market is set to open flat today. I expect very little volatility into today’s Fed announcement. With regards to the Fed decision, I am expecting no change in rates, with identical jargon as last month. The economy is improving but downside risks still exist, so they must keep rates at nothing forever, yadda, yadda, yaddda.

I never trade Fed days. And if I do, I like to trade it after 3pm. There is ALWAYS an initial head fake. As a matter of fact, I may go take a nap right now, in order to go back into my dreamworld, where I am Emperor of Mongolia, circa 1200, throwing swords at people’s faces for leisure.