I sold short Jakegint into the bell.

I am going to live out the rest of my day in shame.

To eliminate leverage and reduce risk, respecting market forced beyond my control, I sold out of MOS,GS and MTW–bring equity exposure down to 101%.

I am not going to burden you with my problems, whining about being 140% invested with most of my stocks down 3% for the day. When I read other people do that I want to take their heads and drive it through a god damned windshield.

This is my first day of heavy losses in more than 2 months–down almost 4% for the day and counting. I could very easily just ignore it and chalk it up to a one off event, due to some economic data and earnings season, hoping for the best–embedding myself into denial. The losses might continue for days or even weeks, until I am down for the year, vanquished by small blips in the market. Or, I could sell now and miss out on the bounce to come–if it’s coming at all.

The Dow is off by just 15 points and most stocks are extended. If this is the first of many down days, at 140% leverage, I will be cut to ribbons within days. I could sell off some up positions, bulk up on my short CCL and mitigate risk. Or, I can buy this dip, like a true master of the suicide arts, and play handball with a grenade in my backyard.

It’s rather amazing, isn’t it? When it rains, it pours. WNC has no business getting the clawhammer today, as it is completely unrelated to housing. It’s as if the stock market Gods were pointing their fury directly at me, punishing me for all of the hubris I’ve exhibited over the last few days.

Ironically, the very stock that I deemed most risky, VHC, is bucking the trend–shooting higher for the day. Without it, I’d be eating the travertine from my bathroom floors, sick to my stomach–smashed to pieces–carpet bombed in stocks.

As I write, Scott Bleier’s TICK is going bozonko to the downside, further worsening my losses. I’m like a jackass stuck in a pot of honey with lions biting away about my cheek and nose.

Before it gets better, I know it will get worse. Consider yourself burdened.

This morning’s housing data was good, but not good enough. Moreover, the vagrants over at TOL missed earnings. The result is a broad pullback in housing related stocks, contributing to my demise.

I’m enjoying losses, across the board–most readily abundant in USG and BZH. To add insult to injury, the stupid farmer genre has gone rogue and ran over yours truly with a tractor. Shares of MOS are sharply lower, off the stupid CF numbers.

As you can see, I am on “vacation”, enjoying the day with large capital losses. Of course I will make back all of the losses and more. I’ve done my homework and feel confident that it is a mathematical impossibility to lose money until after tax collection day. Therefore, there isn’t any cause for concern, only plots and schemes to take more money from short sellers.

Unbelievably, NFLX is about to break $200. Everyone counted them for dead, save Carl’d Icahn. Now Zombie NFLX has gone haywire on short sellers, eating their principal without pause.

One thing for you to acknowledge is this market is at new highs, despite AAPL being down 25% from its highs. This would’ve been unthinkable last year. Since 2009, every single crisis set bears up for a massive short squeeze. I see no reason to believe the crisis in AAPL won’t resolve itself, trapping all of the people who are shorting it now, as well as derivative plays CY, CRUS and ZAGG.

When APPL recovers, just like FB and NFLX, the nasdaq is going to rip higher, sending tech stocks to new, unbelievable, heights.

If you run a blog and want some honest, often brutal, feedback– what’s working (or not) about your style– post a link to your cesspool in the comments section.

Attention readers:

If you really, really like a new blog (or old one), post the link and I will be grading it shortly.

I’ve done this before and it was a lot of fun. I’m not doing this to simply make fun of my peers who write poorly, bad syntax and grammatical sins, but to expand my own library of links. Throughout the day I am too busy managing money and polishing these halls to notice any new bloggers out there.

Don’t be bashful. There’s a good chance I’ll be “hiring” a few new bloggers soon, so fire away.

In an effort to catch lightening in a bottle, I’ve been working–concocting almost–schemes to find laggards stocks in under owned industries, using screens inside of The PPT. It’s not so simple, as chaff regularly finds its way into the theatre–not so much different from some of my favorite broadway playhouses.

Without further delay, I’ve taken the liberties to post the chart of 15 laggards. Do with them as you like.

AAPL

ANV

BIDU

BV

EBR

EXK

FTE

IAG

MLNX

PBR

PVG

RATE

TGA

VMW

VXX

Are you a buyer of any of these names?

The market is never going down again. You can watch all you like, waiting for a pull back–but rest assured–it shall never happen. And more, you will dissolve into nothing–reduced to your beginning–a singular, fast swimming, sperm cell. Everyone is laughing at you for missing out on this this grandiloquent affair, even the men with tweed coats and monocles.

Your neighbours whisper secrets about you behind your back–because you’re stupid.

So many sectors did well today, especially large cap. Small capped stocks have broken out of their insane asylums and are now knifing their way higher.

Ten bucks says JMBA breaks $3.

My old man stocks are surging, especially PEP and KMB. This doesn’t have to be hard  and you do not need to be smart–just show up.

My play is Japan, asset managers and home construction. Your play might be marijuana, solar and chinese burrito stocks–THAT’S BECAUSE YOU’RE A GOD DAMNED VAGABOND without a home or purpose in life.

“The Fly” is self financing the first ever Orbital Space Cannon (OSC) to be used for offensive purposes, represented by the upper echelon civilian in the United States–an echelon that intends to vaporize whole cities by pressing a small, round, button.

Enough about me. What are you interested in financing (just kidding, I am not interested at all, not in the least).

For the day, I was down (0.22%). You  might be over there, smoking cancer from a menthol cigarette, wondering “how can a man, such as this Fly, speak to me in this bold manner whilst losing money?” The answer is simple: “The Fly” is in a constant state of winship. Therefore, down days are nothing more than vacations. Gratuitous loss of capital is good for my karmic balance. It helps to put things into perspective that when the wins re-accelerate to the upside, there can be nothing put in my path to derail or stop me from what is rightfully mine.

I dare you to try to take it from me.

I added to both my USG and BX positions.

Disclaimer: If you buy the above stocks because of this post, the next time you go hiking, you will fall off a mountain. And, you may lose money.

I sold out of more of my VHC position, so much so that it only represents 5% of my holdings. I’ve been fortunate to escape from it with a 15%+ profit, considering it’s an illiquid, trade by appointment, sort of name. There is nothing wrong about VHC, per se (less homo than Bo Jackson); I just need to climb the market cap ladder. That’s all.

Like other men possess an innate instinct to mine for gold bars or stick needles filled with opiates into their necks, “The Fly” endeavors to climb the market cap ladder to safety and  success.

With the proceeds, I’ve reduced my 140% long position to something slightly less than that. Do not fear, small plebeians from the intersphere, I shall reinvest the monies wisely and catapult myself to the +20% range in short order.

Your turgid style bores me and I’ve asked all of the Gods (the new and the old) to kill you where you stand.

May 10,000 bolts of lightening evaporate your well being into ashes and rapacious hurricane winds disperse them quickly–to steal away a proper burial for your family and loved ones.