Too Much, Too Fast

NEVER come here and offer me financial advice, you little trollop. None of the shit that you are doing is relevant to me. The problem here is two fold: 1. I don’t give a shit about what you have to say, save access to ample plutonium supplies. 2. Nothing you have to say is better than what I already know.

I know exactly what is transpiring, even when losing money. I’ve been doing this shit for a long, long time and do not require the services of inferior people. In short, you should know your place by now and refrain from speaking directly to “The Fly.” Should you wish to speak with me, first, send a hand written, and notarized, message to one of my underlings. They will screen said messages first, weeding out the clam-chowder. Then, in due time (1-3 years), I will pick one message from a hat filled with notes, answering just one of them over the course of the next ten years.

Most of you are just shit throwers of the first order, guessing wildly at things, ignorant of worldly events and things of that nature.

I just sold out of some positions, raising my cash to about 30%. Essentially, today’s move lower wiped out half of my recent gains. It took just one bad day to annihilate my positions, after rebounding off the lows. This is very bad for investor sentiment. Today’s drop is too quick, too sudden, and will likely lead to another leg lower. Whoever was buying silver and oil last week is sick and tired of this shit and is more likely to capitulate before buying more. These aren’t garden variety moves. These are “fuck you and your couch, bitch” type of moves that I want no part of.

Inside of my personal, I made a lot of wholesale changes. At first, I bought more ALJ, then I sold the whole positions at around $12. I didn’t like the way it was trading. Also, I sold out of TER and EXK, keeping just WNR and ERY.

People are of the mindset that the Fed will always step in and make things right. But there is another frame of thought that is beginning to permeate, which entails the Fed desisting from intervening via ending quantitative easing. If so, there will be ramifications through deleveraging. Perhaps we are seeing a bit of that, over the past week?

One thing is for certain, whether you are a bull or a bear: this market is extremely complacent. It won’t take much to send this fucker down 10% in a flash. Therefore, you should protect your assets from the worst case scenario, starting right motherfucking now.

I sold out of 90% of the above positions.

I just doubled my ERY position. Cost basis is $15.55.

Many of you still do not get it. When I ban you, your life will change. I don’t just ban you from commenting on the fucking blog. I motherfucking ban you from reading the entire site. We’ve spent a great deal of time and resources developing an IP tracker that will redirect you to see Greg Solomon and tell you to fuck off. I do not implement these laws in order to protect my feelings, but to punish yours.

By all means, feel free to besmirch my positions while they are down, see where it gets you fuckface.

Remember, I do not need you, nor do I care if you read iBC. The likelihood of this making any sense to you is low. So just take my word for it: my people are watching you very closely and will not hesitate, even for a high frequency second, to knock your fucking jaw loose, straight off your garbage face.

To date, I am proud to say we’ve banned over 700 readers and will continue this tradition until “The Fly” dies in a high speed (MACH 10) spaceship accident.

NOTE: This is what happens when you are banned. The horror.

ALJ is getting smashed due to the locale of their Louisiana refinery. An old saying comes to mind “be careful for what you ask for,” with regards to my earlier clamoring for flood waters to rise. At any rate, unless this flood completely wipes out their refinery, in my opinion, this is a buying opportunity. Therefore, I added to my position.

To hedge the drop in sentiment, I bought ERY, all done in my personal. Additionally, I sold out of EXK and TER, only for personal. The reason why I am doing this is because I am super charged leveraged in these names and cannot sustain large percentage drops. With WNR and ALJ dropping off the table this morning, I needed to do something to stem the losses.

For managed accounts, I am sort of riding this shit out, as for now. I want to see how the market responds to a bit of adversity before I make wholesale changes. As the Gods would have it, my cash position is incredibly low now, just under 7%. So, I am feeling the full force of this decline—at the moment.

More later.

NOTE: It looks like yesterday’s Hybrid Overbought signal was right on target.

I added to my ALJ position, below $12.60.

UPDATE: I bought ERY

Disclaimer: If you buy ALJ because of this post, crack spreads will go to zero. And, you may lose money.

Thus far, it’s been a biblical or “magic book” spring, with one natural disaster after another, plaguing the slave owners from the south. If God is real, there is no reason to not plague the south with heinous natural disasters. Over the decades, the citizenry of the confederate have earned the right to be smited.

As the Mississippi river crests, refiners along the banks will be shut the fuck down. Should that happen, WNR will fuck all shorts, instantly. In essence, WNR will become some sort of medieval fucking machine, victimizing shorts to no end. Reason being: their refineries are not near the river and they will be able to profit from any supply disruptions. FYI: supply disruptions mean higher gasoline prices, etc. Nevertheless, spreads are lower this morning, following the gorilla run of the past 3 days.

I’m looking for a dull market today and a pullback in silver. I intend to buy the PSLV sold yesterday at lower prices. For now, I like my chances bulking up on tech.

There is no need to panic or make quick decisions, for Ben Bernanke has this shit under control. I’d like to take this opportunity to thank the Fed for delaying the depression and allowing The House of Fly to build up reserves, which will help me buy distressed assets of great quality when the shit hits the fan. That’s right, “The Fly” is playing chess not checkers, always miles ahead of his competition, planning for their dissolution.

Today’s gains were moderate, a tad over 1.7%, getting me within striking distance of new all time highs for assets under management. My personal account is up about 45%, over the past 3 business days—thanks to well placed trades and a lot of leverage.

As the Mississippi river spills the fuck over, washing out rednecks along the banks, refinery stocks will surge. The coming floods will knock supply offline, leading to higher margins. These things, AND MORE, are inevitable. They are not opinions, but “future facts.” Go ahead, bet against the guy in the time machine, see where it gets you.

Aside from silver and oil, I like tech here. Two of my positions, TER and FORM, are behaving nicely. I have a few others on my watch list, but find myself unable to buy, due to maximum market exposure. In other words, Le Fly is “all in” yet again.

NOTE: The first person to call me a fucking contrarian indicator is getting clapped.

NOTE II: I booked profits on PSLV

Thanks to parabolic moves in precious metals, “The Fly” is back on track, ready to catapult dead bodies into the brokerage houses that trim the streets on Wall. I am buying more EXK, not because I “feel” it goes higher, but because I can. There is a distinct difference between a person, such as myself, and you. On one hand, welfare checks are doled out quarterly and food stamps are traded for cartons of cigarettes. On the other, there is brisk consumption of beluga caviar and 2 1/2 inch thick rib eyes, heavily salted, lightly peppered.

As gasoline presses higher, the prospects for a “rich man’s only” highway increases.

We’re all rappers now and money costs nothing. You can wear diamond necklaces around town and buy your wife hand sown Persian rugs, so that she may keep them in storage. As you well know, every household must have at least three Persian rugs in storage.

As it pertains to your investments: there is no need to get emotional about your trades. Keep a tight leash on your positions, limiting losses to no more than 10%. Try to avoid “idiot holes” by accumulating shares of strong stocks, as opposed to weak. And, trust that the Godly folks over at iBankCoin are better than you, in every way possible, because we are. It should not surprise you that I am writing this blog from the luxury of my space rocket, whilst “doing” MACH 10. Just as it does not surprise me that you are reading this post, whilst eating hamurders with cheese or other egregious foods that lead to diabetes, obesity and/or cardiac arrest.

At the end of the day, we are all judged by the things we posses, including health. Put the fucking milkshake down and get to work you stupid bastard.

Top picks: EXK, AG, PSLV, WNR and ALJ

I bought 5,000 EXK.