Hopping Onto a Gigantically Oppressive Industrial Corporation

I started a position in TEX. If this stock disappoints me, I can guarantee you there will be hell to pay.

Looking at my largest position today is no different from bearing witness to an ancient relic designed to curse its owner. At this very moment in time, I am cursed to look at this piece of shit, as it burns my money into the air, turning it to dust, then gobbled up into its stupid, cheap, generic, airplane engines. I am going to sell SAVE every which way but loose, until my fingers start to bleed. I’ve just managed to take a +6% gain and morph it into an idiot -5% loss.

On the surface, it means very little, as you and I both know a small pittance such as this can do NOTHING to a man, such as myself. It’s more than money, though, lads. This fucked with my ego, something worth trillions of Mexican pesos.

I had the airlines trade right. I should’ve bought AAL or JBLU. Instead, I lowered myself to plebeian standards and bought a motherfucking bus with wings. This afternoon, I am paying for my transgressions.

In related news, my ONCE is spring boarding higher, like a male pervert in a sorority. You were stupid for not following me into that.

Everything else is black, putrid, horrible. GDP growth is non-existent, which means Grandma Yellen cannot raise rates. Oh, what a surprise (takes shot of 155 proof poison).

All of you are preparing for Derby weekend, aren’t you? It’s just an excuse for you to degenerate yourselves further, work towards a path of alcoholism and eat salty and disgusting foods. All of your guests will arrive wearing hats, because they’re idiots. The men will drink so much they will forget how to walk straight, all the while imprisoned horses are whipped by midgets to outstrip its fellow equine.

Sounds like a lovely day.

As for me, I am busy with the launch of EXODUS. God willing, we will get an OVERSOLD signal soon, which none of you freeloaders will get to enjoy, and we will run away from the rest of you, rich and happy, dripping with coins and satchels of dollars.

Many, many satchels of dollars.

After 5 years of development, and a countless fortune spent on creating the single best resource for professional and individual traders alike, gentlemen and ladies: the Exodus is now.

I am going to crack a bottle of Veuve Clicquot to celebrate this momentous occasion, one that will elevate the software standards for the Fintech industry immediately.

iBankCoin stands for excellence. You are getting exactly that, AND MORE, with this product.

Enjoy.

Don't Bet Against Me from iBC on Vimeo.

I am going to create a tool inside of Exodus that will flag companies that might pose significant risk heading into earnings. It’s very easy to know which stocks can potentially harangue your face. Look, I’m gonna help the little guy again.

Get a subscription to briefing.com. I don’t get paid for telling you to do that. When you’re in, you can look up your stocks earnings history. If they’ve missed earnings on the top line or bottom line, once over the past 4 quarters, you’re at risk.

If, by chance, your stock is trading in excess of 10x sales, you’re automatically at risk. There isn’t a rational reason to play earnings in names like GPRO or TWTR since they’ve never proven anything or are trading at excessive valuations. One new stock that comes to mind, when thinking about earnings risk, is SHAK. Here’s a stock trading at the most expensive valuation of any restaurant stock in the history of the market. Should those fuckers sell one frenched fry less than expected, Wall Street will slap the shit out of that stock sideways, until its face falls off.

TWTR is down sharply because it was trading 20x sales.

I ended up flat for the day, still with a strong (like cock) cash position.

NOTE: I swear on a stack of bibles, Exodus will launch today. We are having Paypal integration issues and have been attempting to kill Ebay all day long because of it.

Don't Degrade The Champion from iBC on Vimeo.

Having kept all of my longer term positions yesterday has enabled me to win, broadly, today. Trading dollars are now catacomb’d in three stocks: SAVE, AGIO and ONCE. The largess of my longer term holdings, positions that I initiated here last year around this time, will not be sold–no matter the market environment.

Markets dropped this morning on fake news of an Iranian flotilla capturing an American cargo ship. Someone must’ve been smoking strong dope before vetting that story. Once it was revealed to be nothing more than child’s play, stocks rebounded, crushing the faces and skulls of those who sold short yesterday.

It’s not easy to trade in a stock pickers market like this, one that rewards pricing and timing, as opposed to gorilla shit luck. Nothing feels better than gorilla shit luck. But we can’t always have our way, right?

WRONG!

You’re not supposed to be doing what you should do, but what you want to do. Do you want to trade stocks for a living and make a gazillion fucking dolores? Well, then, fucking doing and stop bitching about the sale you just blew, the lead you couldn’t close.

You want to read here…close. Do you hear me you fucking faggots?

Apparently, we’re back.

Looking over the market, I am disgusted by the moves in gold, silver and copper. I want no part of it, nor do I want to play solar into earnings. I cannot remember the last time FSLR beat on the top line.

This is what I am doing. I am heeding my own advice and buying the blood: ONCE, down 17% over the past week.

It’s a big name biotech, new issue, with a very fickle shareholder base. I’m in for a trade, nothing more.

I think the market is going to scare some people out soon. Hopefully I am wrong and we can resume throwing eggs (extra CALM) at the bears. In the event I am right, you would be wise to have some cash to buy dips.

During corrections the connundrum of “should I buy dips or strength?” always presents itself. You see the market looking all shitty, and shit, and immediately gravitate towards strength, just like you weak fuckers coming here to read me. You see Fly and his chart and want to grab a hold of him. Well, you know what, fucker? You cannot grab me–because I’m gone.

What you clam-diggers should be doing is looking for bargains when the market corrects and strength when the market is running, not the other way around. Otherwise, you’re gonna miss out on rallies, invested in shit stocks on upswings, and fail to catch sweet inflection points when the market is weak.

I swear to God you motherfuckers don’t do this for real. I can just sense you reading this, scratching your balls, totally devoid of grey matter. Okay, I have to get back to work.

Ciao (the most annoying form of goodbye)

Naturally the title is a double entendre, taking into account the wonton thievery taking place in that God forsaken city.

Bear in mind, the people are going ape after someone that no one knew got killed by the cops, yes? I know, the gross injustice of the white police, conspiring against an up and coming minority prison class, is almost too much to bear. As such, riots ensue and CVS is lit aflame.

This is all exceedingly boolish for the markets.

Let me explain to you why, with a question.

If these people are going ape now, over this, what do you think they will do when all of their money is gone, wiped out by fucked up banks or defunct pension funds? What happens when Bernie Maddoff escapes from prison and clown rapes their 401k plans? Because, whether you know it or not, that’s the end game, mate. There isn’t a “happy middle” with 19 fucking trillion in debt. We either give zero fucks and jack this fucker up to Dow 50,000 or let the whole house of cards fall and permit all major American cities to be torched by an indigenous underclass.

What do you think is the most likely outcome?

The second I saw those motherfuckers smugly talking with their asshole view of the San Francisco Bay, I cobbled sell orders together–panicked to get out. I thought to myself “Fly, these people are going to ruin you with their fancy view. Sell now before a tidal wave wipes them, the fuck, out.”

Much to your chagrin, I sold out before the drop. The NASDAQS were +10 when I sold–insulating me from part of the carnage. Truth be told, the majority of my holdings cannot be liquidated, due to big ass gains and low ass cost basis’.

Listen to me: this too shall pass. But before it does, we need to see a little panic in the faces of those sun-drenched clowns on the San Fran set.

How big is my cash horde? I sold out of all of my trading positions but two: SAVE and the albatross itself AGIO. One cannot avoid all harm, at all times. With today’s sales, I’ve greatly reduced my exposure to equities and put myself in the position to buy up your margin liquidations.

As an industry, biotech is down almost 4% today. With stocks like AERI and CLDN decapitating traders, the sector has taken on a bubonic plague feel to it. I’ll buy more AGIO lower. The best thing for me to do now, up 20% for the year, heavy cash, big balls, is to wait for The PPT, or soon to be Exodus, flag an oversold signal.

There are ways to avoid draw-downs, sectors to buy that are defensive and such. But I don’t have an interest in that. “The Fly” is the market. His mood is directly affected by the buy/sell order flow of the investing hordes. The best thing that I can do for myself now is to block out all of you, cancel out the noise, and avoid being swayed by outside influences.

Fuck. I don’t even feel like telling jokes anymore. I had a good one that I typed into the computers, but then quickly erased it, due to my belief that none of you deserved to ever read it.