In the Land of Wanton Greed, Make Room For Appreciation

American holiday’s have been reduced to the lowest common metrosexual trait of them all: consumerism. Everyone is out and about spending their money on “emergency” scarves, televisions and doll houses, dressed like jackasses clad in fur and velour. In a land fitted between the dagger and knife, it’s easy to become actively violent towards your neighbor, wanting him to perish in the fires of fury, throwing garbage  on his lawn because he likes to feed the deer. But Thanksgiving is supposed to be more than that.

No, I am not talking about celebrating the wholesale elimination of the indigenous folk who occupied these lands at the hands of our Euro-Americanus forefathers. I am talking about being thankful, in all the corniest ways possible, for things that you possess.

As citizens of a better class of people, this Thanksgiving, tell your loved ones that they are in your living will because fate has brought them to your realm. Inform them that you appreciate the meatloaf every Tuesday and the fact that no one has attempted to bankrupt you yet, in earnest.

Speaking from Blogmaster to reader, I can only reveal a very small piece of my true feelings, else things might start to get weird around here. Just know, “The Fly” relishes in the back and forth at iBankCoin, the occasion “self-inflicted fellatio” and course banning you from ever entering these halls again.

Thank you and good night.

http://www.youtube.com/watch?feature=player_detailpage&v=sDKNonheMaQ#t=158

My cleaning lady has decided to bestow me with her duties, making this a very busy week for the vendors at Casa del Fly. Frankly, I am a very busy person, but always find the time to clean up after myself, AND MORE. I personally see to it that the floors are cleaned nightly and everything in its proper order. One cannot live in harmony, whilst robed in filth. During my years, I’ve visited many places and have seen many things and I can tell you, with unequivical conviction, that the vast lot of you (e.g. mankind) are slobs. You live in filth because you are filth.

That being said, the greatest invention of the last hundred years is the toothbrush. Before 1938, pigs across the globe died needlessly from infections that were given free quarter through the mouth. Since the toothbrush, life has been on an upward spiral. I suggest you use one at least 3 times per day.

Trading as been light; but I managed to make some important changes to my portfolio. I cut loose BRCM and doubled down in GIMO. With the remainder of the BRCM proceeds, I started another position in YELP. I’ve been meaning to buy it and have missed several entries. Part of me wanted to wait for another dip. But the truth of the matter is, my position can and will be added to and the stock has been brutalized. It’s a good company and one of my favorites, if not my favorite, long term idea. I’d be remiss if I didn’t buy today, a strong bounce after a dreadful decline.

The Turkey Gods beckon and demand satisfaction. You’ve been very studious in your analysis of the economy and have a good sense of the things that are to come, but know nothing of the stock market. The economy and the market are divorced from one another and the only people who seem to want them back together are the one’s broke, destitute, holding gold bars, watching Youtube videos about the satanic ways of Obama.

I started a position in YELP, under $61.

I sold BRCM because it was stealing money from me.  I bulked up on GIMO, making it one my larger positions, alongside RBCM and BALT. I’ve been mired in stalemate for a month now, due to inflexibility, an unbendable resolve that was gifted upon me at birth. The market continues higher, this time led by housing.

Today’s housing data screams bull market. Go buy a house, maybe two, and wait for the bubble to reinflate. Home prices are rising by double digits in many cities across the country. As such, homebuilders are taking off. My favorite one is MHO.

But, for now, I need to settle my affairs, which means I need to make some lemonade with the lemons that I have. GIMO will be my first of several pivotal trades to wrap up 2013.

I booked a loss in BRCM and doubled down in GIMO.

Pardon the lack of brevity in my title. I’ve committed a most heinous crime in modern literature by attempting to communicate too much before the meat of the discussion. The simple truth is I am in last month’s stocks/sectors and the rotation is grinding my skeleton into a famine. I haven’t traded in over a week and I just booked my worst 1 mo return of the year.

Solar, LEDs and Shippers are played out. All of the gentlemen of fashion have moved onto greener pastures.

Let me elaborate.

BAC, BP, BIIB, TWC, YUM, NOK, UAL, JAZZ, MU, SHLD, PNRA etc.

Brand name stocks, designer stocks, are ripping to new highs, which is helping the Dow reach new peaks, daily. Most of us shifty eyed gamblers aren’t in these names because we shifted into chinese burrito bombs or solars when they offered 30% weekly returns. Since the rotation started, which is marked by the IPO of TWTR, speculative/high priced stocks have been beaten into the dirt and rocks. I’ve bared witness to outrageous tragedies amongst the stock brokerage class, represented by stocks like YELP, TRLA and GRPN. These momo stocks that we’ve grown to love have aborted their shareholders, at the same time THE BITCOIN has tripled in price.

This is NOT an easy tape to trade.

Clients will not understand, nor appreciate, why you are underperforming as the market hits new highs. They will fire you and you will be without paychecks for the Christmas festivities.

I don’t have any answers for you this evening. I am merely an observer peering into a market that is being operated by devils. My only solace is knowing that I’ve navigated rougher waters and will eventually nail a pivotal trade. The thing that worries me is time. I need to do it before the year ends.

I AM RUNNING LOW ON TIME.

Just like when FB came public, social media stocks are careening lower–post mega TWTR offering. It’s almost surreal to see history repeating itself like this. YELP, TWTR, TRLA, GRPN, Z, P are all mired in mud, as the market hits new highs. As much as I like the space, especially YELP, you can’t touch these stocks now, due to their extreme valuations and icy cold shareholder base.

A lot of people are underperforming now, due to the constricted nature of this rally. It isn’t broad-based. Certain industries are performing, while others languish, even tank lower.

It would be smart to cut losses on names that aren’t working in favor for those who might become recipients of window dressing funds.

I’ll share some candidates in the next post.

Until then…DEVELOPING…

Futures are higher and the peasants are being overrun by leather whips, lashes to the face and chin.

With the ‘historic’ Iranian peace accord (ack, ack, ack) Brent crude should underperform, as it is likely that fresh Brent supplies will make it to the world stage soon enough. If that’s the case, you want to avoid US refinery stocks, until the spread ‘normalizes.’ In general, however, the perverts in DC will never let crude drop below $85, as it’s against their best interest to do so. Therefore, any dip in oil stocks due to this marvelous peace deal should be bought.

As a matter of fact, everything should be bought, sans the stocks that are heading into earnings. You want to avoid reality as much as possible. Live inside of the Matrix, become and actor, someone important; live in Australia. But, by no means should you ever live in the real world and have to deal with the consequences of an earnings miss.

Once earnings are out of the way, we can live on Fantasy Island again, throw Hawaiian flowers at one another, get drunk and buy stocks.

This is the week when “The Fly” de-robes and roams about his office, burning a profuse amount of incense, so much so the fire alarms awake Mrs. Fly, who will then panic and scurry about to get the children to safety. The bastard firemen will come to extinguish a fire that’s so hot, they will inform Mrs. Fly “that nothing can be done.”

I shall rip the gizzards out of those jive turkeys who’ve been squawking at me. This is the week when dreams will be made, shattered, and generally reconfigured.

The power of the Turkey Gods is an undeniable force to be reckoned with. Let the jackasses pop champagne corks into each others faces, celebrating Iranian peace accords and the first female chief at the Federal Reserve. We will ignore them and bank coin in stocks instead– because that’s our religion, political disposition, and goal in life.

Lesser men ponder the meaning of life, what their elected officials are doing and why Jesus Christ is so damned absentee. Men of letters, learned men, understand that the only thing that matters is personal progress through enterprise. In this case, our enterprise, gentlemen, is the stock market. Without possessing capital, you cannot make a difference in this world. You will loaf about the couch and bed wondering where your life went and how it ended up sucking so badly. While money may be the root to all evil, it’s also the elixir.

Having been on both sides of the fence, I can tell you there isn’t a moral advantage to being broke and disheveled.

So let us enjoy this week of massive celebration and vanquish our foes into the hard rocks, break their necks like poultry, and do it with a smile 🙂

Well, are you?