SALSA DANCING, NONETHELESS

The answer to any of your questions or criticisms is the same: “I’m up nearly 20%, year to date, bitch. Thanks, now go shoot yourself out of a cannon, off of a bridge, pal.”

But you will soon.

There is extreme complacency in this tape, the type of laziness that gets people dropped into hidden water wells or eaten alive by demented sharks, whilst sun bathing on a fucking raft. NFLX is trading north of $130 and the world is chockfull of cash, even though it is heavily burdened with debt.

We’ve become believers in the idea that Ben Bernanke controls the market with his beard. When he trims it, the Dow goes lower. When he lets it grow, the NASDAQ screams to the upside. So you know, that fucker is looking like Merlin right now.

The term “long in the tooth” comes to mind, while observing this tape. As such, I’ve taken profits on the entirety of my SODA position today, leaving me with just CPST. I will be holding through earnings, scheduled for 2/9.

Today’s tape is mixed; but I see more weakness than hardiness. As a matter of fact, if I was a betting man, I’d bet on a late day sell off, graping all of those who haphazardly tossed life savings into the market today.

I am about 95% cash, keen on acquiring the opportunity to buy your future margin liquidation, as bored as a vending machine inside of a blockbuster.

NOTE: We have more than 100 slots left in the March Madness contest, where I am gifting $1,000 to the winner. For some reason, members are being lazy and haven’t bombarded the comments section inside of The PPT. Contest submissions will most likely be closed by tonight.

“Mr. Tulkinghorn, sitting in the twilight by the open window, enjoys his wine. As if it whispered to him of its fifty years of silence and seclusion, it shuts him up the closer. More impenetrable than ever, he sits, and drinks, and mellows as it were in secrecy, pondering at that twilight hour on all the mysteries he knows.”

“I will die here where I have walked. And I will walk here, though I am in my grave. I will walk here until the pride of this house is humbled.”

“Around and around the house the leaves fall thick, but never fast, for they come circling down with a dead lightness that is sombre and slow.”

In case you didn’t know, today is the 200th birthday of the father of modern day english, Charles Dickens. The vast majority of you opt for ESPN highlights before bed, instead of reading timeless masterpieces by Dickens, perfectly demonstrated by some of his sterling work from Bleak House above. The truth of the matter is, no matter how rich you get, you’ll always be a scoundrel, dominated by perversions and vices instead of intellectual vigor.

For example, you come to iBankCoin on a daily basis, totally devoid and unappreciative of the skill it takes to outperform the markets year in and year out, leaving malicious comments, hoping to be publicly chastised and humiliated by yours truly. I am inured by your careless vulgarities and feel empathy for your offsprings.

When keeping society with people of superior intellect, you should make it a point to shroud your tousled and deranged opinions, and instead, immerse yourself in the effulgence of those destined for greatness.

If you are interested in seeing what true mastery of music is, watch the clip below. Naturally, some of you will default to dishonorable interpretations, esteeming the looks of the violinist instead of her achievements. But do not feel ashamed by your baseness, my dear creature of depravity, it is your nature.

Some of you wonder why I am buying small cap stock CPST. As you know, I am 85% cash, long just SODA and CPST. For the most part, CPST is a diceroll. They are enjoying a renaissance and business is growing again, despite headwinds. They have a $100 million+ backlog, they’re expanding in the shale gas markets in Russia, and the tide seems to be turning in their favor. But the real reason why I am buying it is because of management. I want you to listen to the final comments by the CEO of Capstone, during last quarters conference call and ask yourself: “does this sound like a man in charge of a company on the decline or ascendancy?”

What do you think?

UPDATE: I sold out of SODA.

The wholesome folks over at iBC are preparing the grounds for war, reintroducing the annual March Madness contest. Ragin Cajun will tell you all about it sometime this week. The winner gets $1,000 and the first place loser gets to choose between select “iBC gear” or a set of steak knives (I will literally go out and buy them for you). The 2nd place loser is banned from the site.

Any questions?

As many of you know, “The Fly” kicked off this contest, many years ago, by defeating all of you miscreants with a godly short Washington Mutual trade (fuck WAMU).

The only catch: you need to be a subscriber to The PPT in order to qualify for the contest. Frankly, if I am going to be giving anything of value away, in this case $1,000, I will only bequeath it to a gentleman of my choosing. Having more than 1,000 members inside of our illustrious club of exclusivity and pomp, there will be more than enough people to fill the ranks.

Details will be forthcoming.

I was up more than 1% today despite having 75%+ of my assets in cash, thanks to “coke addled gorillas with erect penises” runs in both CPST and SODA (my only positions). This is the sort of shit that cannot be told, it must be experienced.

As I encroach on +20% YTD returns, clouds of dark smoke and bustling metal cloud the horizon. Greek statues of gay men with hairy testicles stand in the way of the Wall St bull. In many respects, it is a battle for the ages. The fate of a generation, or two, is about to be decided.

I sold out half of my SODA position because it was gigantic and felt like my crystal ball was unclouded, brilliance on a level understood only by the telekinetic. I am making up for last year’s paltry returns through excess. Clientele deserve the very best and I am exactly that.

Good day to you.

I sold half of my SODA position and I bought CPST.

“We’re heading lower, fuckface, prepare for the apocalypse.”

I am sure some of your stocks are cheap, based on arcane valuation models. The market is up 25% in a few months and all of the little people are leveraged to the hilt, using this distinguished place of industry as a casino. If I might suggest, they need to be “corrected.” In normal times, the market ebbs, then flows, whilst men of industry work on improving valuation via productivity gains. The problem with today is all ebb, no flow.

We need a correction, else this whole thing is going to blow up badly.

It’s not healthy to have unmitigated, unchecked rallies. Do not leave ignorant comments, asking why  markets are allowed to fall precipitously and not rise indefinitely. Bozo, neither scenarios are valid and if you haven’t been paying attention, the people who bought the large declines got rich.

At any rate, I am stoically cash rich, betting for cheaper prices through macabre musings. On dips, I might go long coal names, as they take supply offline due to poor electricity demand–partly thanks to the lack of snow. Or, I might buy a restaurant or two, with a side order of a good retailer. But I will not chase the market, as I am in a position, up 18% for the year, to wait it out.

Patience.

This evening I attended a super bowl party, whose dress code was the strictest in North America: top hats, white gloves and cane. Even women had to come dressed like the monopoly guy, monocle and all, else get left outside the house like Fred Flintstone. The game went swimmingly and the host was a gentleman, as always. But now it’s time to get back to work– you fucking vagrants–so quit talking about bowls and men in tights.

There is money to be made and it’s gonna be made, believe you me, whether your head is into it or not. Some of you will be reading this tomorrow under the harshest conditions, hung over from your stupidity, poisoned by alcohol. “The Fly” measures his alcohol intake, precisely, in order to know how he might feel the next day. Like stocks, but unlike the vagaries of foolsball, drinking is a science.

“If you aren’t paying attention, you will be left behind.”

In case you didn’t know, Twitter is iBC’s #1 referrer, representing nearly 500,000 click throughs over the past year. This is significant, as it demonstrates the habits of readers. Often times people don’t even visit iBC. Instead, they just wait for the link to present itself via Twitter.

Lazy fucking bastards.

A few years ago, Twitter represented nothing–until a certain Howard Lindzon (truly a singular man!) told me how huge it was going to become. This was back in 2007, when no one even knew about Tweeting. At first, I thought it was fucking retarded, but soon realized how important it was going to become with regards to being relevant in the new socially crazed world we find ourselves webbed in.

At any rate, I wanted to repay some of the websites who have linked to iBC over the past year. Truth be told, we are continuously one of the top trafficked financial sites on the internet, yet we never catch links and we are never talked about. Everyone reads the site, yet find themselves cowering behind their white cloth because I say the words “fuck” and “yourself” in sequence.

Thank you.

StockTwits
Abnormal Returns
Reformed Broker
Dealbook
Kirk Report
MarketRoll

The rest of you third rate bloggers can throw yourselves into a lit fireplace for all I care.

Florid gains offset my aversion to risk, sitting with an old man’s portfolio of 77% cash on this day of decadence, the day America fired cannons into the sky to eliminate the few bears left hiding out in zeppelins. Grandiloquent gains were had in anything related to Facebook today. Names like GSVC, SVVC, HTGC, STVI, ZNGA shot higher. And, social media names tagged along, enriching those who dared to be long names like TUDO, JIVE etc.

One thing is for certain, “The Fly” will be celebrating the gilded era this weekend, amidst bottles of the finest wine and beluga caviar. There will be splendour and then some more. A blizzard of momentum has suffocated and drown out all of the negativity that was broadcasted and strewn across media outlets in 2011. Although I am extremely cautious here, as demonstrated by my old man’s portfolio, my feelings are meaningless. The caprices of others, people much younger and less jaded than I, will do what they like. It is not cowardice to stop eating after a hearty meal; but it is gluttonous to ask for dessert.

All of the stocks that are rising today is what one might call the very lowest of the low. We have boat races taking place between MOTR and MTOR, while chinese burritos stocks make a resurgence as if their accounting scandals never happened. When the market wants higher, it crushes those who oppose it and make fools out of the people who were cautious.

I’ve had my share of hyper bull runs and I used to be ignorant to the prospects of market drawdowns. There was a time, not too long ago, when I would have been 200% leveraged into all of the high fliers, shitting on every person on this planet in the process. But in order to do that, I would have to accept the other side of the blade, whenever it swung back around.

Longevity is often overlooked and in the business of money management the big returns are praised the most. Aside from last year, I’ve enjoyed mondo gains since 2003, making many times my money since then. I endeavor to outperform this year, but will do so on my terms, not off the superfluities of the unwashed, uninformed hack. I will attain triple digit returns in 2012, because I am destined to do so. You can bet against me if you like and you might have fun doing so. But in the end, “The Fly” wins all the time, in voluminous fashion, even when he is losing. The balance of the earth, moon and the stars are tilted in his favour and there is nothing you or your stupid friends can do about it.

Top pick: SODA
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