It appears my cold spell has been snapped like a frozen pretzel, evidenced by recent positions in the black. I’m in GS under $140 and booked double digit returns in SNE. I am +5% in HMC to the good, in size. Although it pulled back, I’m still up +2 on my massive VHC position.
Right out the gates, I am up on all of my new starters: ELLI, FBHS and USG.
Big time laggard, JRCC, shot higher today, melting the waxed faces of all of the coal bears with celebratory tones. And more, I had my stiff arm going today, tossing enemies into a maelstrom of horror. Lack of etiquette and deportment will not be tolerated here. Go play with your ballsacks over at Stocktwits and leave me alone.
And now to my point. I found my core thesis. It took awhile, listening to 60 hours of conference calls (thank you earningscast.com and your beautiful app) and reading endless research notes. I will divest from VHC, JRCC and NAV, in favor of a big bet on US housing. This is where I am most comfortable placing capital. I fade your pessimism and raise your obtuse behavior with a zap! from my Orbital Space Cannon (OSC).
This weekend, “The Fly” intends to drink, but nothing too excessive. I practice discretion and do not dwell in the cellars of degeneracy like the reading class on this site–gluttons feeding off genetically modified foodstuffs, grizzle, sweet coffee, and highly sugared energy sodas.
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How exactly does one snap a frozen pretzel, and what induced you to edit this piece to include that imagery?
You snap it with a hammer.
I had one mean cold spell.
Is not BallSacks a form of foul language Le Fly ? With due reference sir.
Due reverence.
Ballsacks in any form whatsoever is legitimate english, completely without profanity.
Utilikilts.com: New $IBC dress code?
This guy must be a ppt member:
http://business-news.thestreet.com/wickedlocal-somerville/story/is-48-too-old-to-be-working/11816343
Dawg how high is PHM going?
And when is the market selloff coming like u predicted in December.
Alright homie…
Hi Fly,
Any good book fiction / novel book recommendations. You past ones (gatsby, pancho, rum diary, monte cristo, dickens, etc.) are solid picks.
Thanks
Howard’s end
Picture of Dorian Gray
READ IT!
Goodnight Moon
Methinks the only salvation in housing will be in multi family dwellings and single family homes above $400K. (maybe 3% of the population can afford one of these) The traditional $150-300 K single family home is dead. The mainstream wages paid today are no longer capable of raising any kind of family and making payments on that amount. To compound the issue. Interest rates will begin to rise steadily in the not too distant future.
Methinks….
Don’t know where you are but it sounds really depressing. You must live in a blue state where unions, corruption, high crime and deadbeats put a drag on the economy.
Indeud.
Michigan.
Nuff said.
Eye-Talian Stallion – At some income levels ( I don’t mean poor) it will take a lot of faith in better times, or hope of a juicy capital gain, to take on risk.
Monthly payments on a $200k mortgage are less than $900 for those with good credit.
Sold SNE.
Still own RGR.
In some VHC, JPM, and others.
GS is my stock of the year pick. Should have bought it in real life!
Thanks Plutonium Petey and IBC!
Amazing market
I realize that you had double digit gains in SNE but what happened to your Japanese yen going lower great for exporters Samurai thesis? Don’t you think SNE has a lot more room to move?
I would’ve held SNE had the re news not materialized. The sale was a one off event, increasing the odds of a blow off top.
SNE was never central to my Yen trade, HMC is.
When I saw that you had sold SNE it swayed me into selling my position.
Now it makes logical sense.
I do hope we get a pullback.
For those who want a different sort of read, regarding the wealthy in America, read Richistan.
Fly — need to add HLSS to the housing related stocks
it’s in my watchlist in PPT
Congrats on the nice start.
Good post except for the gayest of gay songs which also violates the 2013 profanity ban in a most wimpy way. There’s not much worse than a whiney gay rapper.
Bitch Don’t Kill My Vibe
ps “straight arm” preferred
A. I have held true to my promises of not using profanity.
B. That is Kendrick Lamar, fool.
C. If I wanted to create football imagery, I would have said “straight arm.”
D. Leave the bloggering to the pros and never offer blogging advice to The BlogFather.
You’ve been warned.
LOL
Not crusading here, just passing along a couple interesting reads about privacy-
http://www.wcsr.com/articles/no-place-to-hide-first-amendment-protection-for-location-privacy
http://apps.americanbar.org/buslaw/blt/content/2012/03/article-02-claypoole-balough.shtml
Giving up on VHC after being so bullish?
I will sell opportunistically.
it got down to 68 last night. had to put on my long sleeve shorts. got hammered on the vxx calls. looks like congress will extend for 3 mo.
Housing? What about the Bond Market and its bubble like
I like JRCC – Natural gas is coming off the bottoms, should be nice for coals