IT’S A BANKRUPTCY PARTY

The new business model in America is to file bankruptcy and see your stock rise over 500%, homeless man lottery style!

This isn’t a bubble, but a renaissance.

UPDATE: iBankCoin just filed for bankruptcy protection and has attracted dozens of buyout offers, as a result.

If you’ve been following me since January, you should be up more than 20% year to date. With my small book of business, I am plus 24% and counting, levered long at 110%. At times, I’ve been 150% long–cannibal in a locker filled with weak bankers style. Do you know why?

Answer: because I can.

Since I’ve been blogging on the internets, I’ve never been levered this long. Back in 2008, I was 200% short, many, many times. My confidence was not caused by chemical imbalances or because I am a “perma-bull.” Quite the contrary, as I prefer everything to burn down. I am perma-banking-coin. Let’s leave it at that.

I went long and stayed long because I was supported by central banks and history. I know my stock market history; therefore, I am never doomed to repeat failures, aside from the occasional December blow up.

POMO.

With today’s gains, the SPY is up 2.7% for the month, stretching its winning streak to 5 consecutive months. This has been the easiest market in the world if you obeyed two things.

1. The overarching trend.
2. Stayed within the parameters of popular stocks.

Often times people try to outsmart the market by buying outlier stocks, in stupid jackass fashion.

Listen to me very closely, the market is a great whore who intends to suckle you. Do not take her to the movies and attempt to woo her with flowers and gifts of chocolate and persimmons. She will do it for free.

Why try to plant onions in the cold dirt, when there are sweet potatoes on the table to eat?

Ask yourselves that question when you see to your sins and redress your immorality.

The grande finale is upon us. We are on a fixed course higher until April and I intend to milk this cow for every last drop, then kill it for its meat!

http://www.youtube.com/watch?v=OqAlMItkV44

Can you believe this?

Apparently, they are banking ridiculous coin and rumors are swirling they may reinstate a divvy. I must be dreaming.

Fannie Mae and Freddie Mac (FMCC) seeing sharp gains over the past few days (0.66 +0.15)
FNMA is +127% since 3/14 and FMCC is +103% over the same period. The move follows news that Fannie Mae filed to delay its annual report (10-K) but said it expects to report significant net income for the three months and the year ended December 31, 2012.

FNMA delayed its 10-K due to the need for additional time to analyze whether conditions existed as of December 31, 2012 that would require Fannie Mae to release any portion of the valuation allowance on its deferred tax assets in the fourth quarter of 2012. The release of the valuation allowance would have a material impact on the company’s 2012 financial statements and result in a significant dividend payment to the U.S. Department of the Treasury under the terms of the Variable Liquidation Preference Senior Preferred Stock, Series 2008-2.
Fannie said that if they conclude the valuation allowance should not be released in the fourth quarter of 2012, they will continue to evaluate the need for the valuation allowance in future periods. The valuation allowance on its deferred tax assets was $64.1 billion as of December 31, 2011 and $61.5 billion as of September 30, 2012.
Importantly, FNMA said that regardless of the decision to release or not release the valuation allowance, it expects to report significant net income for the three months and the year ended December 31, 2012, compared with a net loss of $2.4 billion for the three months ended December 31, 2011 and a net loss of $16.9 billion for the year ended December 31, 2011.

Yeah, Freddie is back too.

I allocated the BZH monies into CTRP and YOKU.

UPDATE: I bought HIG, a play on Japan, with HIG’s exposure to the NIKKEI.

UPDATE II: I bought ANR

I sold out of BZH for a 3% gain, solely due to today’s action. The homies are up huge, yet BZH is flat.

Unacceptable, so it’s out.

Because Europe is interested on exacting a financial attack on Russia, the banks in Cyprus will be closed until Tuesday. Keep in mind, the Russians have more than $20 bill in deposits in Cypriot banks and conduct $250 bill in business transactions annually.

An attack on Cyprus is an attack on, umm, Russia.

Odds are Russia will attack Europe with nuclear missiles after the bozos from the EU steal their money.

As always…developing…

I added to my BV position and have another stock on deck.

Stay tuned.

Fool me once…

I sold out of my largest position, RAS, for an 11% one week return. And, I kicked out WNC for a 2% gain. With these sales, I am no longer leveraged. Instead, I am in a 15% cash position.

How stupid can one continent be? The penis-less euro fags are too afraid to bail out Cyprus without blackmailing and stealing money from the Cypriots, so the Russians stepped in to fill the void. Cyprus is part of the EU, not the Warsaw pact.

If anything, the absurdity of Cyprus should remind us they (the europeans) are not to be trusted. The next financial crisis, without a doubt, will come from the noses of those great bastards. I want to punch every single european in the nose, then run them over with one of those miniature italian scooters.

The S&P futures rule the world. As you can see, it likes the Russian bailout talks, since it forces the hands of the eunuchs in Europe. When the futures went down on Sunday night, everyone panicked and told the Europeans to STFU and quit stealing money from old greek ladies.

Right now I have a few contractors in the house, attempting to fix the catastrophe that the plumber left behind. That stupid bastard literally punched holes through my coffered ceilings, like Donkey Kong through wooden barrels. The incompetency of some people is amazing–but I am never, ever, surprised.

I’m not declaring victory yet–but I should bank some coin, or “chedda”, as some of you ghetto types like to call it, throughout today’s trading session.

Inside of The PPT, I have a special screen to identify early breakouts, fixing the algorithms to search out a particular geometrical formation. It’s a sideways, consolidation, pattern that portends to a great many breakouts. Members of the club know exactly what I am talking about. You can access the screen by clicking here (members only, bozo).

Go to Chartpin.com to acces Fly’s Lab Top 10 picks.

I’d like to break my computer brain into a million pieces now. Nonetheless, even if we dip, it’s going to be short lived–as we have a finale to undertake before the United Steaks of America pays their fat taxes.