PORTUGAL IS THE NEW EXCUSE TO PANIC

This is truly orchestrated. Do not believe anything other than what you see on the surface.

Portuguese yields are soaring, up 150 bps, above 8%– thanks to something we already knew about that no one really cares about.

Egypt is readying to throw hard liner Muslims into the Suez canal to drown and oil is soaring, as a result– just in time for summer!

Pardon my sarcasm.

Refiners work under these conditions. Watch the Brent-WTI spread. If it widens, buy WNR, HFC, DK, ALJ and CVI with both hands and testicles.

May the French fry eaters in Portugal die hard.

I am painting a masterpiece and you bozos are making too much noise in the studio.

Did you see FWM and O shoot higher into the close? Indeud.

Have you taken a look at FRO and OWW today?

I had a good day.

Stay tuned, small punks. I have a lotta more for you (clubber lang).

I sold out of UNXL and OWW, one for a 4% loss, the other for an 11% gain. Let’s be frank, as well as clear, one of those picks came from the mind of a financial genius, the other from a vagrant.

With the proceeds and a little bit of leverage, I bought into the fat faced American, going long FWM.

In addition, I bought O, the REIT, intended to protect my gains during the arduous months of July and August.

Yes, it is my belief that rates will drop again. Hence, any REIT purchased now can and will be sold later at a profit.

So far, the market isn’t showing any signs of let up, despite what the stick eaters in the comments section like to say. You have your cocaine, gorilla, train raping markets and then you have this, something a bit more austere. How do I say, something more relaxed, discrete, ceremonial even.

Try to avoid being stupid by going against the trend all the time. It works until it doesn’t work anymore. Get it? You can get lucky only so many times. Eventually, markets go higher and you will be left holding your nuts.

Look at these food related stocks, lifting off. It shouldn’t come as a surprise, considering the drop in inputs prices. All commodities, save cattle, have been coming in, allowing grocers to make even more money.

Do you believe I am messing with you?

I am not messing with you.

Have a look at RNDY, WFM, NGVC, FWM, SVU, KR– the list goes on and on.

On the restaurant end, there is NDLS going bananas, not to mention CMG, KKD, DNKN, PNRA and FRGI offering consistent returns.

I don’t know why I stopped buying food and beverage stocks. For a while, it’s all I did. I used to partake in sheer debauchery, gobbling up shares of BWLD and HANS, testing their products out for sport.

I once commissioned a former blogger of ours to “search for Java.” He did a vid to document his struggles.

Last year I was buying PPC around $4; now I’m an idiot–watching the stock spiral higher.

There is something to be said about the fatness of the American people. They like to stuff their round faces with creamed cheese, popped corn and bottles upon bottles of SODA pop.

Why bother researching anything else?

Food for thought (pun intended).

I told you your scalp was going to be cut off. Now you get to sit back and “enjoy” capital losses.

Let’s keep this simple, folks (extra Denninger). The yen is decidedly lower, stocks are higher and gold is still for misfits.

I like AMBA up to $20, SHLD for a squeeze and IMMR because haptics is the way of the future (no Howard Hughes).

LED lighting is all the rage. Have a look at CREE. I have another LED stock that is ready to go and it’s not RBCN. Stay tuned.

Many of you were lured into another bear trap this afternoon. With both the SPY and Dow plummeting from its highs, the Russell, as represented by IWM, held its own.

Have a look.

Forget about everything else. The Russell is the market, represented a wide array of names, irrespective of market capitalization. At the very highs of the session, I was +3.1% and ended up 2.4%, hardly a pullback–indeud.

What I am trying to illuminate to you is the underlying strength of today’s tape. My OWW didn’t pull back, neither did IMMR. We’re gonna make private prison money in the smaller cap names soon, coming up immediately.

The Devil is perplexed over the abrasive robustness of the IWM and how it pertained to his stupid puts. We shall oversee those puts trade down to zero tomorrow, such is the prophecy of The Fly. Ordained by the stock Gods and Shadows del Urinal, we shall eat his liver for lunch–laughing all the way to church.

http://www.youtube.com/watch?v=tBDes9TuGBg

I still made 2.4% for the day; but the market came in EXACTLY how The Devil said it would. In private conversations, he was very smug and belligerent about his predictions, speaking to me in tones that infuriated me to the point of wanting to commit to violence.

However, being the gentleman that I am, I merely suggested that he fall victim to a giant gorilla rape and that the market was heading higher.

For the day, he was right and I was right–being that I made so much money.

Hence the term applies: “The Fly wins all the time, even when he is losing.”

I guess you forgot the market was down on Friday. You’re overzealous in your attempts to fade this rally. You see a little daylight with the market coming in and hope to “score” (extra Beavis). Much to your chagrin, the market is set to take off into the bell, closing near the highs of the day.

You can bitch and moan all you like, it will not change your cursed fortune.

The Gods smile upon me and smite you.

We shall see who wins this round of stock market roulette. I am ready to play.

Top picks: IMMR, OWW

I leveraged by 20%, buying up shares of AMBA and SHLD. I am now 120% long, into the polestar of this rally.

Obviously, I do not think the rally is done, because it is a ‘good’ one, in the traditional sense. Small fries like Fly jr and other underlings on this site have been readily dispatched to fag boxes and thrust into the oblivion, amidst empty space, black–nothing.

You can try to bet against the tape, but will soon fail. Mr. Bernanke is smoking marijuana filled blunts again, laced with the remains of his enemies.

In summary, the market is up because the tape is ‘good.’

“The Fly” is leveraging up to bank some coin and there is nothing that you or your stupid friends can do about that, mate.

I’m up 2% right out of the gates. For the first half of 2013, I made a little more than 29%, making it my best half in years. For the second half I intend to at least double my gains, putting me to +60%–which would be my highest return since 2010.

To accomplish this I am going to have to be consistent, fearless and I cannot have large draw-downs.  Losses must be taken quickly, eliminating the prospect that any one stock can deny me of accomplishing greatness. On the other hand, I must exhibit patience on names that I have faith in. To balance this delicate task, I must pay attention to position sizing and assume that my first buy will be wrong, leaving room to average in.

By far, my largest position is IMMR, with GS a close second. I am fully invested, with only scraps left to allocate. I might swap out of one name for another today, or I may do nothing.

Sometimes the best move is to sit back and enjoy the view.