One Final Push

I can’t stand these Chinese lotto stocks, yet I buy them regularly.  It seems on a daily basis hack websites use their megaphones to talk shit and drop the share prices of small cap Chinese stocks. In my book, that’s called stock manipulation and slander. However, the SEC is too busy chasing down penny stock promoters, than to waste any of their “valuable resources” to check out these outrageous stories being purported. With that in mind, any publicly traded company doing business in China is subject to immediate sale, if the wind blows the other way, so to say. Yesterday I had a nice profit on KNDI. Today I sold it at a loss.

Aside from selling KNDI, I sold out of IMAX today and added to BORN, FORM and NILE.

NILE looks fucking poised to rip tits to the upside. Prepare for that eventuality.

With regards to FORM: they have $8+ in net cash and are rebuilding their business, after losing a large client. With INTC‘s cap equipment budget bulging at the seams, I like my chances with FORM, as a turn around play, supported by an over-abundance of cash.

Into the bell, I am 90% long, with zero hedges and zero fear.

I sold out of KNDI and bought more BORN.

Happy New Years and a Merry Robster!

I bought NILE for the squeeze.

Disclaimer: If you buy NILE because of this post, your neighbors will accuse you of being in possession of “blood diamonds.” And, you may lose money.

I sold out of FMC for a small loss.

Strip everything out and you have a clam, just a clam. This clam lowers the cost of borrowing to absurd levels and just sort of sits there, like only a clam would do. The market goes haywire, inflation riots set shit ablaze overseas, and the clam just sits there. Oil presses against $100 per barrel, cotton through the roof, sugar, corn and all metals through the roof, yet the clam just sits there. If you think about it, “The Clam” is God (CIG), setting things in motion, then plays absentee landlord, whilst atomic bombs detonate over small cities.

The Fed is behind the curve. Naturally, interest rates should not be so low; but here we are minting money for the benefit of the banks. Spreads have widened out and stock market capital gains are making people rich again. Dare I say, this is a perfect time to be a banker.

Speaking of which, it’s none of your fucking concern how much money Wall Street fat cats make. Do not compare these egregious and beautiful profit centers to the salaries of idiot NYC teachers or retarded firemen, across the nation. I will have you know, the people who are collecting their giant sized bonuses deserve it, for they made their company lots and lots of money. Quit pandering to the communist malcontents in the media and grow a pair of balls, would you?

Thanks.

Into merger Monday, I am not selling a damn thing.

Top picks: BORN, KNDI, TEX, PH, SFLY

At this point, “The Fly’s” days are spent coasting, enjoying delicacies such as lobster, shrimp and 2 1/2 thick rib eyes, heavily salted, lightly peppered. Nothing scares me, thanks to free money and a lot of courage. While looking at today’s sell off, I piss on down 30 points. Should we go down another 70, I will spit on it.

See folks, when living in “the land of plenty,” things, for lack of a better word, are easy. I am buttressed by a government, or a global government rather, who is ardently opposed to loss. Please take note of today’s dollar decline and behave yourselves when dining at Michelin rated restaurants.

“The Fly” has the incense burning to the point where his neighbors believe there is a 5 alarm fire taking place. And of course, the white robe and sandals are in effect and slaps of hot pizza are being distributed evenly amongst all employees. I mock those who sell short, or bet against me, because there is nothing you can do. See how I am writing this blog in a way that vexes you? Yes, I do this on purpose because the dogs never bark and the milk is always delivered on time. There will be no set-backs, at least from my vantage point, as I am always 10 steps ahead of the unwashed (you).

I am making so much money, my face is numb. I can’t even see my monitors, due the over-abundance of champagne bottles blockading my line of sight.

Finally, I sold out of RBCN because there was too much noise, after the LEDS debacle. After all, why fight with fists when you can simply shoot someone in the face?

I bought both BORN and KNDI for my personal accounts.

Disclaimer: Just a simple game of Chinese lottery. Nothing more or less.

I sold out of RBCN for a small gain.

Can you feel the tension in the air?  There is a heightened consciousness with regards to this tape, a classic battle between the bulls and the stubborn bears. Today’s economic non-event (weekly jobless claims) has emboldened the bearshitter, dressed in green velcro pants, to sell short this market, even though it may go up by another 25% based upon 2012 EPS estimates.

It seems the slightest declines flushes out retail investors. Gone are the days of the 15% stop loss. I am seeing people stop out of good stocks, with strong trends, after just -2-3%. Frankly, that’s fucking ridiculous. Naturally, we all have our own style and some of you even day trade for a living, something that I find to be distinctly reprehensible. Nonetheless, I implore  you to take a greater interest in learning about the stocks/sectors you are buying. This way, when a 4 letter stock drops by 3%, you will know why you should buy more, or dump it.

Aside from that, it’s important for you to know, and acknowledge, my #2 position (TEX) going apeshit to the upside. As a matter of fact, 6 of my top 7 positions are green today. I do not alert you of this winship for your accolades or some sort of weak kneed compliment. I tell you this because I intend to demonstrate, through even greater transparency, that “The Fly” is the absolute best manager of other people’s money, in the world.

In a word: MYFISHINGPOLEISLONGERTHANYOURS.

NOTE: I sold out of CRIC and added to MOTR

Top picks:  OXY, TEX, PH, MOTR, SFLY, FMC, PWER, IMAX

ASSHAT!

On earnings call, LEDS mgmt says the see a sustainable gross margin range of 44-46%… Mgmt noted that they are experiencing pricing pressure that they did not see a month ago. They said this is primarily due to a customer moving to a competitor, due solely to better pricing. This quarter, the company will remain focused on new high performance products, and improving pricing power. They expect to produce an additional 10 mln chips per month from the Taiwan facility, doubling capacity… During Q&A, when asked about which competitor the customer went to, mgmt says there is only one competitor producing high performance LEDS like they do. Says the loss of the customer was in Taiwan… LEDS is -34% in the pre-mkt, currently trading -33% at 19.18.