I am +2.5% today, pushing my year to date returns to 16%. I am fueled by the losses at Pershing Square, short JCP, long BX, WNC, USG, PAMT and a big push by BZH.
My cash has been zero for weeks, as I am leveraged at 110% long, only offset by my shorts in CCL, AG and JCP.
The Fly’s swagger is back with extreme force and certitude. I am urinating on graves, drinking bottles of malted liquor, spitting fire into the sky like a dragon.
I sold out of APO, booking a 10% gain, and bulked up on BZH to reduce my basis down to $16. I have buying power set aside, from the APO sales, to initiate another short position. However, I am not going to throw it on today. I have a little more work to do on the name and rather take some time to figure out my entry point tonight.
Drink heavily plebs and gentleman alike of iBankCoin. The market’s are at new highs and the shorts are dead, save the distinguished gents who are short Tea Party investments, broken toilet boats and low end retailers trying to up-end its caste.
May the bones of the dead bears fuel the engines of the market for another 2,000 points before we are gluttonously content.
NOTE: I sold out of VHC today, raising buying power for future shorts.
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Bill Ackman and Whitney Tilson should start a new fund together.
If you would indulge us, still looking opportunitistically at CWEI and DSS?
So, YOU’RE the reason VHC got pummeled today….yes, I know your long term thesis was $100 in 2 years….but’s its a little disheartening to know that Senor Tropicana is out. I say this all with respect and admiration. OUCH!
Tea Party investment AMMO is up 400% YTD. Beat that.
Margins at historical highs too. OK we have ECB and BoE as the next clams up to bat. Also, China is cutting CPI rate targets, if Japan tries to flood the world with cash that will mess up China..they won’t allow that imho.
Top of the Dow and no one is posting comments….interesting. I thought they would all be out to kick us bears.
Largest independent biodiesel producer $REGI BARGAIN TODAY at $6.05. Market was misled by 2012 annual earnings release. Bottom line is tax blender credits were applied retroactively by congress, too late for 2012 GAAP earnings, but adds $1.70 to EPS ($58M) Q1 this year. Add $73M from this year’s blender credits, and add Q1+Q2+Q3 estimates of $10+$20+$25M, and Forward earnings are 58+73+45 = $178M, divided into 34M shares is $5.23 forward EPS in 2013. Quite certain of this as RINs are trading in the $0.80s now and 2013 biofuel blending mandate is 28% above 2012, and company has new capacity coming online > 2012 capacity.