Fly Buy: KIRK

I started a position in KIRK.

I went old man with my KMB purchase. I was looking at the 25% cash position and said to myself “go old man, Fly–for fortunes await you at the other end of the wheeled chair.”

Good thing I am “getting it straight off the boat” today with OSG. My ATML is clubbing my brains to gravy and DDD is a fucking bitch-whore-dick-sucker. I’d like to toss their CEO off a roof in 3-d, just to demonstrate my outrage. SVU is marking time, as it has done for quite some time. NAK, SVU, JIVE and OSG are Fly Lab plays.

I am not selling PPC into weakness. I told you it was a thesis play. I am waiting for margins to swing back around, likely in Q1 of 2013. When it happens, anyone holding PPC short will pay the ultimate price with blood. Do you think I like to watch my positions bleed out, fucking baby nightmares clawing at me as I try to read a book?

“The Fly” has shit to do, earl gray to drink, and construction crews to chastise. I don’t have time to worry about a manipulated market unwinding, unseemly, during the wonderful month of September.

One thing is for certain: The Winter is coming and fuckers have to pay the price for insolence and lack of civility. I intend to strike back at my agitators this winter, clouds of black smoke and chards of sharp pieces of metal piercing through their stupid helmets.

Top pick: OSG

I added to my KMB position, making it a top 3 position.

It appears the euphoria, post QE3 announcement, is over. Too many people went long, thinking it was straight up without pause. I do believe the market has 20% higher from here, a bull market of sorts for another 6 months. However, there will be set-backs, tricks along the way.

Some of you might view this weakness as a opening salvo into what might become an “October surprise”, whereby the markets plunge despite government intervention. Being a pragmatic man of reason and justice, I am open to all ideas, good and bad. But if there’s one thing we’ve been taught over and over again, no matter how much we may want to believe “this time is different,” asset prices will be propped up–by hook or crook.

Having said that, I detected some cynicism in the tape yesterday, which is why I sold my largest position, MCK, and a top 5 holding, AKS. Although I did buy some OSG, crazy for boats and such, my cash levels have been tripled to nearly 25%. Even with all that cash, I’m still giving back some serious coin this morning.

Remember boys and girls: losses are part of the process. For all I know, we may be in for a 1 month malaise, a seasonal beat down for the ages.

Nevertheless, my only conviction lies in the untenable fact that the Fed is going to increase money supply, denigrate the dollar, and, ultimately, make stocks go higher–emphasis on “make.”

NOTE: A fascinating story that has played out for more than 10 years with SCMR is over. SCMR is one of the few survivors of the dot com crash, having been lucky enough to price a secondary just before the crash; they were buoyed with over a billion dollars in cash for over a decade. Well, they just gave it back to shareholders with a special $10 divvy. Bravo.

I smell fish in the oil markets. Something is awry!

Also, I’d like to opine on the overt manipulation by the media, attempting to brainwash people that American’s “do not relate” to Romney. Excuse fucking me, and pardon as well, I relate much better to a man of industry than some oddball community organizer fellow with a nefarious and secretive past.

Fuck the alphabet soup.

[youtube:http://www.youtube.com/watch?v=84HIkyw2lQw 603 500]

Top pick: OSG

I lied.

I sold out of MCK and AKS and bought OSG.

My cash position is now 25%.

The market is climbing, fucking all of you TZA players with animalistic barbarity.

I bought a few shares of SVU and now I’m off to do other things. Aside from having all of the flex ducts ripped the fuck out of my attic, replacing it with old school sheet metal, the expenditures at Casa del Fly remain at a paltry $2k per day. It’s a trifle compared to some of you 45,000 sq ft mansion types. I am a simple man, with modest needs and desires (ORBITAL SPACE CANNON, OSC). Beg my pardon.

Social media stocks are going up, yet I have no interest. Funny how that works. Shares of QCOR have been pummeled into the sand, yet I feel no sympathy for those who were caught 200% long.

My profit and loss for the day is about flat, nothing to see or do. My stocks are on siesta and I’ve concluded it’s better that I wait for them to come around, than to chase around the hot money like a Mexican whore.

I started a new position in SVU.

You know what I find amazing?

I cannot believe Corning and Asahi Glass can’t profit from the boom in smartphones and tablets. Those fucking imbeciles are too busy fixing on a price war than fleecing the drug dealers at Apple and Samsung. Shares of GLW are bouncing this morning; but this stock has been such a dog. It’s one of those head-scratchers that just seems to suck, continuously, without pause.

Shares of DECK are getting lit the fuck up. In general, analysts suck balls. But Sam Poser from Sterne Agee has nailed DECK the whole way, on the long and short side. He’s saying pricing for Uggs is over and to expect deep margin compression. His target is $38. I’d stay away from DECK until he’s remotely optimistic.

Early going I am down 0.25%, with NAK being my biggest winner.

On a personal level, I’ve been dealing with general contractors performing magical acts of disappearance, once money hits their accounts. Like lawyers, contractors are a reprehensible group of people. They are a stupid class of worker, who takes pride in doing poor work and flaking out on their customers. Right away, I am sure some of you construction fuckers out there will say “we’re not all the same.” I’ve employed dozens of contractors in my time, and without equivocation, they all suck.

Shares of GRPN and ZNGA are rising. GRPN has some lunatic device idea. To be honest, as opposed to outright lying to you, both GRPN and ZNGA are cheap stocks.

Lastly, I like what OSTK is doing these days. I’ve been buying stuff from the site and find them to be better than AMZN in numerous product categories. It will not surprise me to see the shares continue to rise.