CNBC OPENS SAN FRAN BUREAU; MARKET DESCENDS INTO ANARCHY

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.

Fuck it. I sold out of most of my JNS and SGEN positions, while liquidating all of my TUBE and DSKY nonsense. With these sales, I’ve raised significant cash reserves that can be used to buy dips.

As far as trading positions are concerned, I kept both SAVE and AGIO.

For those of you who’ve been following me for more than 3 months, you know that I have a proclivity to change moods rapidly. Mrs. Fly likes to chalk it up to astrological nonsense. I like to believe my changeable demeanor permits me to outstrip all of you.

I look at the market and this moron on my television and I can’t help but to envision a gigantic tidal wave washing the new CNBC set away. I am very long Apple and content with its gorilla raping ways. However, almost everyone is sucking Tim Cook’s dick now (extra homo) and I don’t like the sound of that sentiment.

Each and every runaway market is coupled with the biggest jackasses the world has ever known. These people are going to be corrected (extra Delbert Grady) and I’ll be damned if I go down with them. Bear in mind, I don’t have anything tangible to point to, other than the incoherent rants to Bluestar. Everything seems to be okay and my money line is at an all-time high. Perhaps it’s old memories rendering in my mind again, like the time when I walked into work only to have a leather strap whipped across my mouth. Or, how about the time I went to the urinal and someone threw a bowling ball at me? That’s the sort of thing I am trying to avoid.

For a moment, I was tempted to sell out of my top 4 positions, raise a bunch of cash, then go smoke my pipe, brooding, hoping for the planet to be stricken by comets. But then I stopped myself, thinking the new CNBC San Fran bureau wasn’t an omen of end of times, but instead the beginning of decadence.

Margin accounts are at record highs, along with the indices. I am here, without a shadow of a doubt, tempting fate to fuck with me.

I am in a car made from dynamite sticks, speeding furiously, heading straight for the sun.

Today is Apple day. What more can I say that hasn’t already been said? Over the summer my neighbors’ teenage son came to me and asked me to buy him AAPL at around $90. He’s now up more than 40 points from his basis. Easy peasy.

My top position is SAVE. It is my way of being bearish, craven and annoyed at the price of crude. The airlines are cash cows and they haven’t budged in 2015, thus far.

In case you’re wondering, the release of Exodus has been delayed until after the close. After all, this is 5 years plus in the making. What’s another day between friends?

As for me, I have several meetings scheduled and lots of ideas to filter through. Early going the market is unimpressive. Don’t be surprised to see a reversal and subsequent thrashing about the face and chest for bull minded zealots.

The iBankCoin tech team is locked in a bunker, left with crumbs of food and water, ordered to tie up the last loose ends before launch. According to the last reports, it could be another 5 hours or so before the system is ready to accept the overwhelming sales volume that is now at our steel doors, hammering with rams, clamoring to get in.

In the meantime, futures are higher and everyone loves the market again. My neighbors are all buying new cars and the Hermes Birkin Bag waiting list now has its own waiting list. Interestingly, these lists will one day be used as a “kill list”, to purge the populace of the greediest amongst us.

The decadence that is being displayed is somewhat comical. Then again, people with money rarely know how to comport themselves.

Some of you have been waiting for a sharp decline and pray to the heavens for monumental destruction to grip the nation. You feel society is deserving to be injured, economically, disgusted by a system that caters to the elite.

Listen to me.

No one wants the system to burn to the ground more than me. I am invested in it. My entire life is on the line; what exactly are you bearshitters betting on? You’re in cash, scared of losing money. I don’t give a shit about losing money. I came from the sidewalk and could survive on tree bark and coconuts. When the system implodes, I intend to lose it all–sitting there, brooding again, watching my fortune burn in the flames of revolution.

After it’s all said and done, “The Fly” will take the position he was born to take, a fucking war lord, leading a band of stark raving mad lunatics to your house to take your dry food stuffs and gold bricks.

See, I’m fatalistic; therefore, I have nothing to lose. As such, I am 100% invested, daring the stock Gods to take what’s rightfully mine.

https://www.youtube.com/watch?v=YdL2XSg-o-w

I know this is a controversial place to start examining Woody Allen’s work. After all, movies like Manhattan and Annie Hall are revered by movie critics and popped corn stuffers alike. For the record, I thought Manhattan was dull, boring and also moribund.

Truth is, Woody Allen is probably my favorite director of all time, considering his body of work. I’ve seen just about every movie he’s ever made and have enjoyed 95% of them.

Blue Jasmine is a tale regarding a woman who had it all, married to a very successful hedge fund manager, and then lost it all. She then attempts to adjust to her new life, without money, and hilarity ensues. Cate Blanchett won an oscar for leading female in this film; and I cannot remember a more memorable performance from any woman, in any movie, ever.

Large capped stocks led the way this week, sans chips, paving a path for extreme ignorance and hedonism amongst the investor class. There is an obvious Tale of Two cities taking place here, one from the canaille Third Estate being fribbled away by corporate overlords like Wal-Mart. And then there is the well-to-do folk, gentlemen of extreme sport and measure, gallivanting about life via boat and ghost automobiles–trading from their harems.

Since the beginning of time, the people with money have controlled the power and influence over things. As much as you road slobs scream at me with your cheesed doodled mouths, I will not listen. As a matter of fact, I’d run you over with my 2006 Impala, if given the chance and properly inebriated.

Life is about cycles and people. The people are the most important part of defining the cycles. Right now the people are fucking rich. Prepare for more gains and new highs.

Good day gents.

Note: Exodus launches Sunday. If you want to see what The PPT looked like, join before we launch because it will become Exodus and effectively wash away in the sands of time.

“Analysts don’t like it, I do. The break up value is higher.”– Some fucktard who ended up ratting on a Wall Street legend

This was circulating inside of the hallowed halls of The PPT yesterday and I posted it on Twitter this morning.

When I said The PPT, soon to be called Exodus, was a sublime harmony of mathematical precision (SHOMP), I was not fucking with you.

This is a strong tape, but not a runaway varietal. Breadth is okay, nothing great. Big earnings breakouts, coupled with a steady and consistent uptick in prices has resulted in many, many bears being boiled alive, ever so slowly.

I do not want to fade this rally. And, moreover, I shall NOT go away in May.

The good folks at iBC beseech you to see this thing through. We are on the verge of a great melt up, which should cause a terrible cacophony in the camps of those waiting for lower prices. The longer you wait, the more expensive your watch list gets.

Grab your balls and get in.

All Chinese stocks are subject to accounting irregularities. They’re a barbaric people, one that savagely lie and cheat to steal western money. Always know that, before delving in headlong, into the fucking pool that has fake water atop its concrete surface.

Oil and gas stocks are mostly fucked for at least 6 months. Rig counts have plunged and any company that services bozos drilling in the dirt are in for a very rude awakening this summer.

Under Obama, the FDA has been very lenient to biotech companies, which has led to gorilla sized runs in many of those stocks. However, every so often, biotech goes wrong, as is the case with AERI today. If you’re gonna overweight the industry, have some decorum when you do it, like me with JAZZ. Those motherfuckers will earn ttttttt-ten dorrars this year. The war on sleep is real.

If your company isn’t netting 10% of revenues to their bottom line, no one gives a shit about them. Sell the spec; buy what’s real.

And now I come to my last point: STOP BETTING AGAINST THE GUY IN THE TIME MACHINE! Last year was an anomaly for the ages, one when the sun, moon and the stars lined up perfectly against me. These conditions will not repeat for another thousand years. “The Fly” reigns supreme, dominant over you pencil pushing booze hounds. I can say this with confidence, deep from within my echo chamber that reverberates truths and gangster rap music, rattling the whole damned room–separating the sheetrock from the studs.