Crazy Taste to the End!

Chinese burrito stocks are leading the charge. I’m not particularly sure where it’s leading us, perhaps into an abyss; but they’re going nonetheless. CSUN, YGE, BORN, GOMO: the country who perfected accounting irregularities are gifting us with cheap wares and even cheaper stocks to gun higher; at least they’re cheap on paper, of course.

Some of you boys and girls are probably wondering “why isn’t Fly worried about BALT trading down?” The answer is as simple as the question. See, I don’t think BALT will trade to $10; I know it will. Any discount in the shares before that destiny is fulfilled is a potential buying opportunity for yours truly. I’ve become “zen” with the machinations of the market, ignoring crafty men with hooked noses because it’s an easier way to live.

I like LITB and SHLD for the kill, over the next day or so. I don’t expect to make any big changes and I certainly will not be buying any TWTR on this dip. For now, I am sitting firm, waiting for my hand to work, enjoying the scenary.

“The Fly” isn’t about to partake in juvenile games just days before the New Year’s, a day when all men wash themselves from the dirt and grime to become new species, almost overnight, bouncing around the world–aimlessly–in search of purpose.

Since I am not going to be doing that, I thought I’d give you a few stock ideas to think about, as you plot your next act of heinous barbarity.

Understand something: these are names that closed within 1% of session highs on Friday, have a short position greater than 10% and are generally hated by mankind, but happen to be bucking the trend and have great tech scores, provided by and cared for by The PPT.

Here is the screen.

And here are some choice names.

AKS
SCHN
AA
X
COLM
CRZO
ANR
SIFY
WLT
CLF
ACI
JOY
FANG

Do you remember when I published the seasonality trends for December and it pointed towards old school steel and industrial names? Don’t you find it funny how the above names are mostly exactly that?

Indeud.

Some of you devils and demons are in so called virtuous loops, fixated on material items, only interested in things that you can touch and show to friends, family and enemies alike. The other half of you conduct yourselves with the utmost rectitude, shying away from vices, fashion and other forms of vanity, to live simpler lives, pedestrian dwellings on the farm or housing tenements, what have you.

But are you really living, or simply taking up time?

We can discuss the markets and how BALT is eventually destined to rip the skin, muscles and ligaments off of Jennifer’s skull, but what’s the point? We all know by now that “The Fly wins all the time” and any attempts to circumvent his authority on stocks, and other matters, is an exercise in extreme futility.

Is there anything else worth discussing?

Have you read a book lately, watched a movie that made you think? Have you tried new foods, traveled to interesting places?

Often times we place ourselves in a frenzied state, chasing the dream, trying to grab a piece of immortality. But who are we doing it for? Do your children care if you made $2 million per annum or $200k?

I am not interested in becoming a new man, with the onset of the New Year, or making resolutions that only placate my deepest insecurities. Each and every day, I try to gain wisdom by seeking out the truth. It comes in various forms, possessed by both the well to do and the canaille. I find it in books, theatre, cinema and even here, in the slums of the internets, where garrulous men walk about the digital highway throwing mashed potatoes at one another.

If there is one thing that I could recommend for you to do in 2014, it is this: let the stock market work for you, not the other way around. Let the obsessed do their jobs and provide you with the wisdom you need to finance life, or in my case: death rays orbiting in outer space. It is my burden to find the truth in the stock market and I’ve become quite efficient at it over the years. It has taken me thousands of hours to understand its intricacies and it still tricks me to this day.

This is not a playground for the unwashed, haphazard, vagabond, amateur chess player to parlay family fortunes in the hopes of creating real, sustainable wealth. The market isn’t going to be this easy in 2014 and I suspect you’d be better suited seeking out new catamites, than to develop new trading methods that are sure to crush your bones into the hard rocks of despair.

Cheers!

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

I added to my ANGI position.

All of you Twitter chasers should now shift your focus away from it and to RBCN. Why not? The stock is extraordinarily undervalued, based upon a futuristic, hypothetical business of course. Or, if RBCN is a little too dicey for your taste, why not plunge your chopped sticks into the YY noodle soup? I hear it’s delicious.

Now that the market is up 30%, I have to deal with market geniuses, who happen to have money under my management. Men with bad haircuts and stupid ties telling me where to set stop losses and how being +100% for the year “just isn’t good enough.” There is a comeuppance coming and it’s just around the corner. All of you bold and jejune types will feel the wrath of Mother Market, in all of her glorious correcting ways.

I think it makes sense to start moving sideways, like a crab, away from the market. The sort of euphoria we are witnessing in 3-D stocks, and Twitter, as well as a dozen or so chinese burrito stocks, is unsustainable. The broad consensus is to be long because stocks cannot go lower, a dangerous way to think about speculation indeed.

Even still, I’ve been fully invested, as well as leveraged, for more than 9 months now. I cannot find it in my black heart to sell just yet, since I am hoping for the Gods of speculation to visit some of my holdings before the year is done.

Might I interest you in a little OWW or LITB?

As he attends to this or that, might I entertain you with one of the best moments in cinema history?

I was up another 2.5% today, thanks to BALT. Owning close to 1 million shares, I can tell you that this pagan Xmas was rightfully bountiful. My only wish is to see the shares down a little from current levels. Bear in your small minds, BALT is the very best of the dry bulk shippers, having the very best balance sheet and market position, tethered to spot rates instead of charter.

Many of you don’t know it yet. But I bet you’re starting to pay me some mind, being that the shippers are the very best and most fashionable stocks out of all the stocks publicly traded right now.

NOTE: On Friday evening, I will be unveiling the new GARP index, for The PPT, exclusive to members and for private eyes only.

I bought more LITB and started a position in ANGI.

If for no other reason than vanity, I’ve decided to buy large quantities of SHLD. As a man, I despise Eddie Lampbert (sp?) and wish him the very worst tidings any man could offer. However, as an investor in speculative wares, there are few stocks on the market that offer the sort of upside that SHLD offers right now.

Everyone is laughing at the former Dow component, as the shares swoon in the $40’s, offering its investors nothing but coal this festive holiday season. The rationale to buy SHLD here is one of as crazy man, which is exactly why I am adding size to it morning.

To raise funds, I sold out of the remainder of my GIMO position, disgusted by its lack of momentum and proclivity of wasting my time. If I told you I wasn’t tempted to grab the cash and stick it on the sidelines for the remainder of 2013, I’d be lying. We all have our vices. Even though I am up nearly 70% for the year, I find it impossible to cower on the sidelines, waiting for a better opportunity to run along.

Aside from SHLD, I added to both LITB and RBCN positions.

I recall the top of the NASDAQ as if it was yesterday. Brokers running about, buying B2B internet stocks. Pikers making fortunes. And sales assistants were banking six figures because they managed a bunch of brokers who were doing 100k+ per month. For me, the New Years of 1999 was the epitome of hedonistic decadence, with the world on edge over absurd Y2K fears and the NASDAQ up 100% for the year.

Life was the very best before the end, the anti-climatic end to a period of extraordinary excess. A period when the local tailor would solicit about the brokerage firm, fetching thousands of dollars in gaudy shirt and tie sales. If it was a good month, some naive brokers, such as myself, would buy a suit or two.

The shoe shine boy and the barber downstairs both had 6 figs in the market and I was a millionaire at the age of 23, until it all ended.

Heading into the New Year’s, I cannot help to feel reminiscent over the year 1999. There are many similarities between 1999 and today, especially when looking at how easy the market has been, up every single month since August.

If this is “the end” and this is 1999, expect a weak January and a most spectacular February, followed by a top in March, one of the ages. It’s juvenile to believe history is going to repeat itself so quickly; but I thought it would be useful to know that the NASDAQ was up 19.03% in February of 2000 and fell 75% from summit–but no one knew it at the time and everyone had a hot tip and sure fire way to make another million, until they didn’t anymore.