Book It

The jobs numbers sucked– but that’s good news. Bad data means QE3. The genius of Benjamin Bernanke cannot be described with words. He’s fixed the market to believe in his magical powers. He doesn’t even need to implement QE3. The mere whisper of it and markets will blast off.

Nevertheless, I am a net seller into this tape. Keep in mind, I fancied myself a net seller last week, before this melt up. Luckily, by the grace of the gods, I changed my path and went “all in.” But now, after gaining another 3-4% on my assets, I’d have to be mad not to take profits.

One stock that will remain steadfast is PPC. Because I am “The Chicken Man”; therefore, I will hold PPC until it fries higher.

It’s a slow Friday afternoon and markets are locked flat. There isn’t much to talk about, other than macro-shit and politics. I will indulge you in neither and order you to shut the fuck up and take profits instead.

UPDATE: I sold LOGM, 100,000 NAK and added to PPC.

The only reason why I am voting for Romney is because I think the democrat clan is filled with pussies and jackasses. I don’t believe Romney can do better, from a stock market performance stand point. If you recall, George “dumb as fuck” Bush harpooned the economy with the very worst financial catastrophe since Hannibal laid siege on Rome. He obliterated shareholder equity to the point of comedy. The only thing that worked under Bush was SKF and 99 cents stores.

Fucking ape.

Obama got elected because he was cool and black. People were proud of themselves for transcending barbaric racism, by putting a community organizer at the helm. I voted for the O because I like to win. Therefore, when Barack won, I won.

Under Obama, the general economy has done nothing. However, the stock market, which is all I really care about, soared. Now some of you might think “The Fly” is being selfish and you are correct. I don’t give a shit about the factory worker in 0hio, not much less than the factory worker in 0hio cares about some asshole Wall Street guy like me. Don’t kid yourself, pal, life is all about self-preservation and kicking the next guy down a flight of stairs lined with german mustard.

Worst case scenario: Obama gets reelected and Bernanke runs the country for another 4 years. Oh, no, please stop that man from printing more money.

Are you people out of your fucking minds? We have it good now. Markets are easy and banks are lending money at absurdly low rates. Next thing you know, President Romney will appoint a hawk to the Fed– who will hike rates to 3%, sending the Dow down 3,000 fucking points.

Tough call.

Plainly, if it wasn’t for the pathetic nature of liberals and how dumb Biden is compared to chimpanzees, I’d vote for Obama again! However, that is not the case and Romney will have to do.

Fat thieves made way with billions of dollars today, stolen from the bullshit brokerage accounts of misguided shorts. Because we were overdue a strong drubbing, the market soared higher, leveling the playing field and then cratering the shorts into the lower mantle. Read the tea leaves, Jack, or stop offering advice for a living.

DICK GUILLOTINE

I only poke fun at Mr. #Timestamp because I find him and his crew of misfits to be stupid. If I respected his market calls, I’d leave him alone. I don’t like fucktards who claim to be “new Wall Street” or “out of the mainstream” and then show their big stupid mugs on CNBC, opportunistically whoring themselves for dollars.

That’s why the only blogger I respect is Tyler from Zerohedge. That fucker literally doesn’t give a fuck and would rather be caught dead, than host a CNBC soap opera. “The Fly” doesn’t do big media; he does big coin.

For the day, I captured 2%. Everything was up and I found no need to churn. Fully invested, with the market ripping, means you shut the fuck up and accept the win, graciously, with decorum–tip of the hat.

Cordially, I accept today’s multi-million dollar windfall. From here, it can only get better, right? Nothing stops this cocaine train from stopping, not even cliffs. This fucker has wings.

I’ve been #TIMESTOMPING all day, eating lunch meats like a gluttonous barbarian. I’m not holding anything back, whatsoever, from you rakish fools, gleaning intelligence from my posts. You were short 7 stocks and long 6. It’s called “risk management” to you because there is no risk when betting nothing. It’s a virtual world that you’re living in pal. It’s time to step out from your shield and man up.

It’s a big day in stock land and I’m looking for more. I think a short squeeze is coming in the shares of VHC. There have been numerous reports panning the company, because that’s what short sellers do. I hate them when they hit my stocks. But boy do I love them when they serve as tinder for the fires of a short squeeze.

At the top of my list of favorite stocks to own are NAK, VHC, CVO, PPC, ESRX and MCK. My other positions look just fine, even NFLX, but these are my favorites.

As long as european yields trade lower and our bonds yields rise, risk is the name of the game. With risk comes reward. Therefore, if you were bold enough to risk your fortunes into the news flow, now might be a good time to take profits. As for me, I’m holding out for better prices.

Revenues and profits have never been higher at Le Casa del Fly. Being in the business of astute money management has its rewards in times like now. I intend to capitalize on the free money train that is slowly making its way through wall, then parlay somewhere quiet with bizarre amounts of treasure, a life designed specifically for men with time machines and of the higher cloth. Do not believe for a second that this rally is fake. The money is real. I have it in my hands as we speak and intend on using it shortly for some irresponsible discretionary spending.

But it’s not what you think. I was like Igor (Frankenstein), fetching shit, driving her around town, spending inordinate amounts of coin on HORSESHIT. My reward: “okay, now drive me to the grocery store.”

Fly’s response: “I don’t think so lady. I’ve got spaceship to climb into, things to see and do. Go drive yourself to suchness and be gone!”

I got that cocaine fever going today, with markets RIPPING tits to the upside. If you recall, I went all in the other day, based upon a third sense. I had sold my only hedge and bet big on a variety of names. The result: I’m screaming higher by 2% today, hitting all-time, motherfucking, highs.

Europe is interested in higher stock prices. Forget about the bond markets. Western nations want higher stocks. Are you stupid enough to bet against them?

I’ll take my foot off the pedal when The PPT flags overbought. Until then, let ’em rip.

Courtesy of The PPT, here are heavily shorted stocks, trading under $10, with solid technicals. Everything is digitized, from moving averages to overbought/oversold ranges.

That’s how I roll.

After I shut the computer down, earlier today, I expected to lose money. The market looked bad and I was overdue for a set-back. Lo and behold, the stock Gods blessed me, yet again, through the share advances of VHC and MCK–making it a profitable day for me.

Scientifically, I can’t lose money!

This market is a gift–cherish it.

At the close of trade, here are my top 5 positions.

MCK
VHC
NFLX (asshole)
LOGM
PLCM

For the day, I was up 0.3%, pressing my year to date gains to 26.5%.

I added to my CVO position because it wants to go higher.

I’ve been over-trading and my brain is fried. I didn’t take a vacation all summer long, thanks to buying a new home. The kids are getting prepped for school and renovations at Le Casa del Fly haven’t even begun yet. The last thing I want to do is worry about stocks, so I won’t.

I see the market has reversed and looks to be heading lower. Big deal. I’ve made my bed and now it’s time for me to lay in it, at least for awhile. Some of my positions are good, some suck. That’s what a portfolio looks like. If you want all of your stocks to look great, at the same time, I wish you good luck in maintaining sanity.

Look you, I give lots of free advice here. I leave it all on the table for you to see, the good and the bad. I am going to shut this computer down, at least for a few hours, and read a book. I can use my intuitive skills to find new break-outs, swing trades for you suckers out there. However, I am bored and tired of talking about equities.

I’ll leave you with one pick: MCK. It is my largest holding and it’s going higher.

The American consumer is stronger than ever, buoyed by new money. Shit, you politicians like to ask populist questions, like “are you better off now than 4 years ago?” The truth might scare you. Absofuckinglutely.

This country is rich as fuck, producing more millionaires now than ever before, in the history of man. That money is being spent, reflected in share price advances in TOL, LEN, AAPL, LULU, ULTA, SBH, KORS etc.

Do I need to continue, really?

You called the market wrong because politics was an issue. Obama is nothing more, or less, than a government spokesman. He has zero power.

But the march higher continues, regardless of who is speaking. When Romney gets in, there will be a whole new theme of stocks to buy. Obama was good for biotech. Romney will be good for big business. The EPA will be reigned in, allowing companies like NAK to mine in the 3rd largest copper mine in the fucking world.

Zuckerberg is trying to step up to the plate and assert himself as a leader, by declaring “no insider” sales on his behalf for at least 1 year. At the same time, they issue an 8-k offering tax relief for FB insiders. What a clusterfuck. I’ve never seen anything like that before. If Zuck wanted to regain Wall Street’s respect, he’d oust Peter Thiel now and replace him with someone who gives a fuck about FB shareholders.

It isn’t good enough to say “everyone made money in FB, but the asshole who bought the IPO.”

European stocks are bouncing. The ECB is going to unveil an unlimited bond buying program. Free money forever. Get used to it. #POMO

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