Not Dippy Enough

I am not buying a Friday afternoon dip, following a mammoth run to the upside. That’s plain ridiculous. As a matter of fact, I am selling into this, closing out my CLF position and other loose ends. WNR is up because the stocks Gods favor it. However, just about everything else is lower, especially yesterday’s purchase of MWW. It happens.

With today’s sales, my cash position is above 60%. I am still holding a variety of call options in my personal, including TZA.

In short, go eat a sandwich and enjoy the summery afternoon. There is nothing to do or see here.

The road trip went well. I implanted some memories in the heads of the little ones, spent thousands of dollars on whimsical items for Mrs. Fly and fulfilled my inner curiosity delving through the archives at Constitution Hall. While digging through the DAR library, I had the opportunity to look though old directories, Brooklyn, circa 1912. I saw my Great Grandfather’s advertisement in it, dating back to 1912. How cool is that? I highly recommend visiting if you are ever in DC.

Despite being 50% cash, I was up almost 2% today, led by just about everything. It’s truly awesome and amazing seeing this magnificent squeeze roll. Most called it exactly wrong. Let it be known, I did not call the rally right. I called it EXACTLY right. Had you followed my footsteps with precision, you made yourself an extreme amount of coin inside of 2 weeks. Although the market can go higher, led by Johnny come Latelys, I am cautious here. Keep in mind, should we get bad economic numbers again, we are heading right back down to 12,000. This is the upper part of the trading range. You should be treading with caution here.

I will likely sell out of some more positions soon. I started pretty big ones in AXU and MWW. And in my personal, I like my chances with PSUN down here. However, barring a pullback, with a 14.5% YTD return, I will have a hard time justifying full investment here. As a matter of fact, I emphatically believe TLT will be the trade for August. We will discuss that when the time is appropriate.

For now, you should all rejoice in my splendour and celebrate the great many wins of “The Fly.” If you curry such a thing, summon great whores to your domain or drink profusely until you can’t feel your face. One way or another, I demand personal sacrifice as tribute to my winship. Failure to do so will result in the immediate removal of any and all unseemly facial hairs, by iron fist.

As I sit here in Amish country, enjoying the views, my WNR is shooting higher. For all of those who doubted me, I invite you to shoot a few rounds of a howitzer into your mug. It never was a matter of “if” but a matter of “when”, with regards to my winship in WNR. I can sell now and book 25% gains. However, like I said before, if I sell now I am no better than most of you. We all know, deep down, that simply isn’t the case. The only reason why I sold some last week was because it made up 40% of my overall holdings, a number meant for the criminally insane. I took it down to 20%, which is still very, very high.

My second largest position is CLF, shooting higher at the moment. I will sell some after the $100 roll.

VMW completed the roll today, gapping up near $106. Now it is behaving all depressed and shit, down on a big up day. Wait for it.

JCP was down a buck early. But now it is rallying hard. I still like the name.

Finally, I just stepped in and bought a shit load of MWW and a little DVR, to go alongside my earlier purchase of PSUN. My cash position is around 50% and my year to date gains are about 14-14.5%, year to date.

Remember when you were mocking my 5% YTD gain and I told you to prepare for “The Great Spectacle”? Yeah, eat a dick.

I bought 30,000 PSUN around $2.85ish.

Well, I spent most of my day visiting the Smithsonian, Ford’s Theatre and the Spy Museum, all very cool. We stopped by for a quick bite in Maryland and now find ourselves deep into Amish land, in the Lancaster vicinity. As told before, I intend to “blend in” with the mennonites and build furniture, in order to place time bombs in random houses.

As for stocks: they went higher today. So you understand, my TZA is only a very small position and only taken to hedge some longs in my personal account, while I am away. I will likely buy more JCP tomorrow and possibly some CIEN. Once again, the dicksuckers who were clamoring for a Greek led melt down lost again. Oh, let’s not forget the doomsayers who were panicking over a +54k jobs report. They were wrong too. The market will hit new highs. Unfortunately, it will do so without Senor Tropicana fully invested. I’ve made up plenty of ground and do not find it useful to risk much here, after such a big run.

Off to build a dresser.

Top picks: VMW, JCP

VMW is $100 rollin’ and OG Fly is counting his collard greens.

I bought 20,000 JCP and 40,000 AXU.

Disclaimer: If you buy the above stocks because of this post the next time you are on a date your credit card will be declined at dinner. And, you may lose money.

I got my chips ready. Now I am simply waiting for the dip (pun intended).

I just sold out of EXK and GORO, in order to raise more cash. It should be in the 70% range by now. I am eyeballing a few precious metal stocks. Other than that, I have little interest in buying up here. My year to date gains are +12% and I intend to lift them to 20%+ on the next series of trades.

You probably cannot fathom the amount of cash I am sitting on. Should you be short WNR, I am your worst nightmare, as I intend to catch any dip that presents itself. You mustn’t go about your business as if your head was stuck in a trombone anymore. The time is now to outmaneuver thy neighbor and toss garbage on his bullshit lawn.

I still long TZA and VMW calls in my personal. They have a way of balancing each other out. And, I own ETFC, even though it’s a piece of dog shit.

I booked profits on EXK.

Had you heeded the Godly advice of The PPT, you would have made coin in about 90% of the OVERSOLD signals, over the past two and a half years. The number of signals is in the dozens and the results have been nothing short of staggering. Going with that theme, you are now cash heavy, considering the OVERBOUGHT signal is in place. However, as told before, the accuracy of the OS is exact and without negotiation, while the OB signal is more of a warning sign. This is the case because we are in a bull market. As time progresses and the United Steaks of America delves into a fucked up post apocalypse society, I am sure the OB’s will be saving the skins of many of you cellar dwellers reading this scripture right now.

Silver has exploded to the upside, depositing coin into my current accounts, via EXK. I am saddened to see TZOO go apeshit to the upside without me. I always knew it would do that. But, I am pleased to be positioned on the other side of the cock-gobblers at Barron’s. After the bell, the CEO of GORO said they are expecting RECORD revenues from operations. Tomorrow should be interesting.

As for me, I shall visit the Smithsonian tomorrow, then venture off into Amish country, PA, where I will blend in with the rest of the mennonites and beat horses to death with whips and create fucked up furniture with me bare hands. Upon buying my furniture, a time bomb will initiate and detonate, once placed inside of your fucking bullshit house.

After all of that shit, I will head back to New York, so that I can spend more money on 3 star rated (Michelin) restaurants with Mrs. Fly.  Oh, in case you were wondering, yes, she dragged me into Pentagon City Mall, where I spent a gratuitous g on a variety of exotic lotions, perfumes and “must have” accessories to accompany a few choice garments. One day “The Fly” will donate all of Mrs. Fly’s belongings to charity, while she is in the shower, much to her decadent chagrin.