Fly Buys: FAS, BPFH

I bought FAS and I am starting a new position in a regional bank.

UPDATE: I bought BPFH.

[youtube:http://www.youtube.com/watch?v=UIeIRghsD_k 616 500]

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Everything you see here today is Hollywood. Like the fake lunar landing, investors are fooling themselves by underestimating the power of the Bearded one. He will smite you will great vengeance and authority. I warned you about your horrible transgressions and pleaded with you to correct your ways. You chose to believe in the sleeveless dinner jacket crowd, zerohedging yourself short amidst negative news flow, only to find yourself here several weeks later looking for guidance.

I am not here to teach you anything. Instead, I will tell you everything, as it pertains to this market and what should be done.

Play it close to the vest and keep cash reserves; but be long. The days are long now and the summer nights will warm the sentiments of the most ardent of bears. Truth be told, there isn’t much time for you to waste and not too much upside left. However, the one thing I can tell you, this market should not be shorted.

With my money, I like CRZO, VCLK, DECK and GSVC most today. I never lose and I don’t bitch and complain when I do.

Be gone now and tell the world “The Fly” is watching, every second of the day.

A great man once said “it’s gonna be a hot summer bitch.” I could not agree more.

As the summer heat whimsically melts people into puddles of sweat and the euro-trash abroad tries to manipulate their way out of another mess, “The Fly” is living the life of ten Kings combined, SHOMPing around all day, gallivanting (NO HOMO) throughout the northeast corridor of the United Steaks of America. Never query “The Fly” about his whereabouts, for he will never tell you. Take solace in knowing there is intelligent life forms out there, eating beluga caviar, drinking Aces champagne.

As for the market: we have further to go to the upside. Whenever we do hit OVERBOUGHT levels, it will likely mark the end of risk for Master Chef Fly, as the world teeters on comedic insolvency. The Chinese are building ghost cities, as the US blows up Libyan infrastructure, all contributing the GDP. None of these things are sustainable, unless of course we get together and blow each others buildings up.

With my money, I pray for a sincere pullback in WNR, so I can get long. And, I am not chasing the bull. I am content with a 15-16% gain in mid-July. I can take this 15-16% and turn it into 30% by December, when the markets are more liquid and predictable. In the meantime, I am positioned in names that should not disappoint during earnings and are fairly valued. I’m trying my best not to Riverbed myself.

I think it’s fair to say The PPT intra-day OVERSOLD signal, posted yesterday, won again. With today’s 200 point rally, all of my stocks, with exception to one, rallied. GSVC dropped by 10%; but I added more sub $17, so I feel good about that. It’s important to buy the blood, small plebs, especially when the fundamentals are unscathed. If anything, the fundies of GSVC have just soared to the upside. Being a well capitalized VC firm is of paramount importance, particularly during a private equity boom.

I expect many of you to get flushed out on this weakness, just like you did with WNR, CVI, FTK and many more in between. I don’t fucking lose.

I sold out of GSS this morning, which was mentioned inside The PPT and 12631, one of the many benefits of membership. However, I did not sell any GORO. As you can see, the stock went gangbusters to the upside. Try to figure it out and your melon will explode.

With my 50% cash position and poorly performing GSVC holding, I only made 0.18% today, taking my gains to about 15.5%, year to date. For my personal, I am loaded up with DECK and CRZO calls, as well as common in GSVC, VCLK and GORO.

Everything was going smoothly until a fucking IED detonated besides my hedonistic stretch limousine, sending “The Fly” vertical with his head on fire.

One of my larger holdings, GSVC, announced an offering of $100 million, in order to raise the stakes—using proceeds for private equity investments. For me, the story just got better, despite the dilution. This is to be expected. However, I did not anticipate an offering so soon. However, on the other hand, looking at the private equity boom, why wait? Obviously management is okay with taking a little short term pain for long term elation.

This doesn’t really set me back too much. Actually, I started buying GSVC in the $16’s. On this news, I added to my position and will be adding more, after I speak with management, providing they say the right things.

Aside from that, everything else is going swimmingly. This hiccup should serve as a reminder to stay diversified at all times. While this is blowing up, I have VCLK, GORO, CRZO, ANR and FORM shooting higher, not to mention my new position DECK performing admirably.

In short, yes, I still love GSVC because I am a greedy bastard and this is the best way to play the booming private equity market. Mike Moe knows his shit and I trust they will invest the money wisely.

UPDATE: I added to GSVC sub $17.

I started a new position in DECK and added to VCLK.

UPDATE: I added to GSVC sub $18 on the $100 mill offering news. Like I said in The PPT, this raises the stakes for GSVC and makes the model substantial. Longer term, this is a huge plus for the company, providing they invest wisely.

Disclaimer: If you buy the above stocks because of this post, the next time you crave a bowl of cereal, there will no milk in the refrigerator. And, you may lose money.

There is nothing for you to see here, other than “The Fly” SHOMPing around, playing the market with laser to your eyeball type of precision. I am long a variety of stocks, all making up just 50% of my assets. Into this rally, I intend to swap out of one holdings, in favor of another. It keeps the blood flowing and the energy peaking.

Playing the OVERSOLD/OVERBOUGHT ranges is the most important aspect of trading right now. Reason being: for the most part, all stocks move in a convoy. One down days, 80-90% of stocks trade lower and vice versa. The key to success is to know when to buy and sell. That’s called SHOMPing, something a person of your ilk and cabin class status may not be familiar with.

I have my top hat on and white gloves fitted onto my work free hands, cordially banking coin without regards for recessions or Chinese ghost cities. None of that shit means anything to me.

Back to SHOMPing.

I will tell you what I have done. Monster winners in WNR, CVI and GSVC, with soon to be monstrous victories pending in GORO, VCLK, ANR and GSS.

I banked coin today and my aura is so electric it destroys the Amish people where they stand, whenever I am around them of course.

I will be on my way back to NYC tonight, after viewing Harry Potter and shit.

More on this later.

I added to my GORO position.

Disclaimer: If you buy GORO because of this post, Obama will get reelected. And, you may lose money.

As the necromancers conduct high level sorcery on Wall Street, it’s important that you place your chips where they are immune to such barbarity. For thousands of years, people used gold as money because way back in the days aliens from outerspace made them mine that shit in Africa, in order to fix alien ozone. Since then, the slave races aka humans, coveted gold and used it for trade.

Well, today there is a crisis of confidence in all paper money, due to the fact that the biggest economies are printing too much of it. The books are not balanced and people fear inflation. Hence, the slaves aka us have taken hold of the golden metal again, for safety and security.

There are many stocks for you to choose from. However, my favorites are GSS and GORO. Our resident gold bug, Senator Gint has deserted you for greener pastures. He is up in the mountains playing with blueberry bushes and mosquitoes, while “The Fly” caters to you, gifting you with magnificent advice from the Gods. Always remember that when the going got tough, Master Chef Fly was there to assist you, unlike the Senator (CH).

As an aside, I mentioned in The PPT last week that when ZSL got OVERSOLD it tends to drop hard and fast. Well, the score is still above extreme OS levels. However, if it should drop to 1.17, silver will rip tits to the upside. The track record is 18 down and 0 up for ZSL, when the score is 1.17 or below.

Thus far, I am immune to today’s sell off, as most of my positions are higher. I am delighted to see WNR trade lower, as I intend to buy a great deal soon. I am 50% cash and up 0.25% today, despite a 140 point decline.