Fly Sell: TZA

I sold out of TZA

I am not being melodramatic or overly emotional about the contents of this post. I am offering you a general diagnosis of my performance and how I am in great need of “adjustment” in order to correct the treacherous path I find myself on.

I will reserve full judgement on WNR’s earnings miss until after the conference call. However, I think it’s fair to say, I did not expect them to miss during an environment of unbridled gift horses. It’s as if they are spastic retards, wheel chairing their way through life, getting knocked into oncoming traffic by other retards with whiffle ball bats. To think that I have aligned myself with people who get escorted into oncoming traffic by way of whiffle ball bat is reprehensible and it makes me sick.

As I drove around in my garbage truck this morning, I concluded that my recent string of set backs had nothing to do with the lack of proper ritual, sacrificing the house pets of my neighbors in exchange for unlimited stock market powers. You see, it’s all a lie, one giant fib, so why put credence into said fib? In other words, this will be the last stock that I buy based upon a thesis. For me, it’s an end of an era. In essence, my “thesis penis” has been cut off.

Other refiners like TSO and HOC have normal management teams, who do not get involved with fucktards wielding whiffle ball bats for sport. The consequences of my actions have been matched with loss of pride, dignity and monetary reserves.

“The Fly” will need to kill a great many people before his thirst for anger and bloodshed is quenched. He will need to be smart about his next moves and rely upon his time machine aka The PPT more than ever.

As an aside, there are no redeeming qualities about this tape. I will look into increasing the size of my downside plays a great deal, especially long TZA, as this market looks tired, old and woefully gay.

In closing, if you followed me into battle and lost a few arms or legs, I am sorry for your loss. It’s important to remember “they are only arms and legs” and as long as you have a penis left, life is worth pursuing.

According to the proprietary algorithms of The PPT, ZSL is OVERBOUGHT. Therefore, as a result, silver is indubitably OVERSOLD. Today’s technical score of 3.76 is the highest score ever recorded in PPT history. The track record is virtually flawless. In the 10 previous OVERBOUGHT condition of ZSL, is fell 10 times for an average loss of 16.66% over a 10 trading day time frame. Over a 5 day time frame, the algo was correct 9 of 10 times, as ZSL retraced, on average, by 10.65%.

My favorite silver stock, due to beta, is AG. However, EXK is worth a gander. To play the metal directly, AGQ and PSLV should get the job done.

On a separate note, TSO reported great numbers and should buoy the refiner space tomorrow. Again, out of all of the refiners, I am expecting WNR to post the best numbers, due to the locality of their refineries. Understand the entire complex has been taken down, alongside a number of high profile commodity names. The sell off has not been specific to the refiners. When the bounce comes, people will buy up cheap names. In my opinion, the refiners offer excellent risk/reward profile, providing demand destruction doesn’t emerge, as gasoline sustains $4.00.

The stock market is secondary to my concerns right now, as I am dealing with a series of comedic tragedies at Casa del Fly. Truthfully, I don’t want to talk about it, so let’s leave it at that.

I didn’t sell any VCLK this morning when it was nearing $20, mainly because I am a fucking idiot imbecile. Seeing a 20% intra-day move was mere child’s play for me. I suppose, deep in the back of my very tall brain, I wanted 21%. My WNR got chopped again, and I am now down on the position. Well done Fly. Well done!

Finally, I made some coin on my TZA hedge; but nothing to pop bottles over. In short, “The Fly” is going through a very dark and sinister period of his life right now.

Stop talking about my penis.

Cordially,

Fly

After punching holes in the sheet rock yesterday for the SHLD disaster, immediately, I dispatched my Voodoo physician to commit heinous crimes against innocent animals to further my stock market career. As you know, I sold lots of shit, but added to one position: VCLK.

In my personal account, I own WNR, TZA and VCLK. That’s it.

As a result of his crimes, I am benefitting in a great way today, as VCLK sprints, mind you, to “fantastical” prices. The 18% surge in VCLK wipes out my SHLD losses by a factor of 2. To get my shit in order, all I need is for CVI/WNR/ALJ to do their part and smash earnings.

I am most pleased to report, I’ve dispatched my Voodoo physician, yet again, to gather up local animals, herding them into death traps for monetary gain.

As an aside, I feel the market is for shit now and is likely to shit itself on little to no news.

This may not be working. I might be looking for something that isn’t there and never will be.

Time to start looking for shorts.

Today the market crashed for me. My second largest position was manhandled, down more than 8%. That would be SHLD. And, my #1 and #4 positions, WNR and CVI, were obliterated. Words cannot describe my frustration. I am not mad, per se. Instead, I am deeply disappointed in my performance. What worse, old man Cramer nailed the refiners trade and I didn’t. The perfect time to sell was heading into VLO earnings. The fact that this trade seemed so obvious, so perfect, is what made it vulnerable to fail.

Due to the high level of leverage in my personal account, I had to trim back on my WNR positions, else risk the entirety of the account into earnings. This is not a decision that I wanted to make, but I needed to protect my assets. Over the past two weeks, my personal account has fallen from $1.3 to around 770k. This is a monumental drop, caused by an idiotic amount of leverage. However, it’s important to keep in mind that it was the same leverage that allowed me to move this account from 100k to 1mill last year.

At the end of the day, I have a lot of work to do.

Because of today’s horrific decline, I was forced to raise a significant amount of cash, selling out of a multitude of positions. Currently, my cash position is 40%+. Frankly, had I listened to The PPT, I would have sold it at $17.27 on 4/27, when it was downgraded to “sell.”

For managed accounts, I am now down for the year, having absconded all of my gains AND MORE. I will know the full extent of my stupidity within an hour or so.

Aside from my personal, I did not sell any WNR. Although I did trim back on CVI a little, the lion share of my refinery positions are intact, going into earnings. One tech name that I held onto is VCLK. As I sit here typing this shit, I am sure the powers of the universe intend to crush the shares of VCLK, just to teach me a lesson in humility. Losses do not discourage me. They really do motivate me to work harder. However, it’s the loss of time that annoys me. I just set myself back 4 months in a little less than a fucking week. To make matters worse, the market hasn’t even corrected.

In order to hedge my personal, I bought some TZA. Taking into account the pervasive move up in the general indices, I am sure it will end up a short term loss.

I bought 3,000 TZA under $35.

I sold out of all of the above, raising my cash position considerably.