Welcome to the Murderhole

Anyone else find it disturbing that Goldman’s personal emails are being broadcasted and published for the world to see? Who the fuck do these Congressmen think they are?  I know it’s part of the “investigation” at hand. But I just think people are way too docile when it comes to personal privacy. The reality is, we are living in a benign police state, where everything is monitored and everything is punishable by way of  dick-sucking prison terms. Fuck those people on capital hill, twice over, with cacti.

The market “corrected” today, thanks in large part to reason taking hold of the market. While it’s true, I am positioned long. It’s also true, I will be fine, as always.

There was only a handful of stocks that resisted today’s sell off, one of them Goldman Sachs Group, Inc. [[GS]] . I bought my initial piece and will buy more into weakness. My target position is 10,000 shares.

Finally, my thoughts on the market have not changed from a week ago, despite selling out of [[TLT]] . With my [[TLT]] proceeds, I went long some stocks; but nothing too extreme. At the present, I have 10% long [[VXX]] , 28% cash and 62% long. The market “should” correct 10% from these levels, setting up the best buying opportunity of the year. My mantra will be to remain patient and try to avoid following some of you fuckers into egregious murderholes.

I bought 2,000 [[VXX]] @ $20.25 and 5,000 [[CGA]] @ $13.60.

Disclaimer: If you buy the above stock because of this post, your local congressman will seize your email accounts and publish its contents in your local newspaper. And, you may lose money.

I bought 1,000 @ $153.75.

Disclaimer: If you buy GS because of this post, your local congressman will come to your house and question your involvement in the housing collapse and subsequent job losses in the mid-west. And, you may lose money.

Someone pulled the rug from underneath the market floor. I suspect the Goldman robots are pissed off at Congress for getting all McCarthy on them. As a result: massive sell programs ensue.

I sold out of TriQuint Semiconductor [[TQNT]] and [[TAN]] , bringing my cash position up to around 30%. [[TLT]] is ripping to the upside, as it is the preferred safe haven for investors. And, [[VXX]] is initiating lift off now. If the market slides here, [[VXX]] will be back to $30 in no time at all.

On the long side, fuck, I have a lot of exposure in a variety of names. The main thing for me is to be patient and try to avoid over analyzing today’s sell off. It happens and losses are part and parcel of the game. On dips, I have a list of names worth buying. With 30% cash and 9% in [[VXX]] , I am well positioned to weather the storm.

Are you?

Since you go to a grocery store and buy bacon every week, does that give you the right to sue your local grocer when you get heart disease? When I visit Whole Foods Market, Inc. [[WFMI]] , I buy  domestic organically grown food, despite all of the Mexican shit on sale down the block. When it comes to beef, I try to buy grass fed only, mainly because I am not into e-coli poisoning.  When visiting my favorite grocery stores, I speak to people. I talk to the butchers, the managers, even the cashiers. Most of them eat corn fed beef and absolutely love bacon. However, the manager of the grocery store, down the block, fucking hates bacon and avoids eating meat, whenever he can.

The government hacks going after Goldman, because their super sophisticated clients (institutions) lost money betting on the housing market, is equal to me suing Whole Foods Market, Inc. [[WFMI]] because my cholesterol is 208; and hell, last I checked, those fuckers sold meat.

Assholes of Congress, like-minded internet idiots: Goldman does not service pikers. The people who bought products from Goldman did so because they wanted to, not because they were cajoled. For Pete’s sake, the CLO, CDO, CMO market was booming for years prior to the collapse. Goldman was simply supplying the market with lots of red meat because their was LOTS of demand. What they did with their own money should not concern the government, just like it’s none of my business what the manager of Whole Foods is eating for dinner tonight. Unless their was gross negligence and/or a deliberate intent to “get liquid” off of their clients, this government versus Goldman Sachs stinks of sour grapes.

As for the market, it’s a mixed bag. Earning are coming in well above expectations, which should keep the ball rolling downhill—for now.

More on this later.

If any of you clown-fuckers are interested in buying an iBC mug, email RC ([email protected]), and he will fill you in. I think he can put your stupid name on it, if you like.

As you are well aware, the internet was not the same today, because iBankCoin was offline for a staggering 4 hours. To my dismay, it has come to my attention that iBC’s many enemies have been consorting with one another, in order to exact fiendish schemes against our internets. Through proper channels of discovery and diagnosis, we’ve located the person(s) responsible for today’s travesty and have contacted the iBC Security Apparatus, led by none other R.W. Pelican.

R.W. Pelican, Executive Chairman of iBC’s Security Apparatus

Effective immediately, Mr. R.W. Pelican has suspended his duties with the Vatican (God will just have to wait), where he was dealing with the “gay priest” issue in the most heinous of ways. He will now deploy all of his knowledge and wisdom of the arts of subterrestrial espionage, in order to flush out and extract iBC’s many enemies.

Upon landing in JFK airport today, enroute to iBC’s NYC headquarters, R.W. was quoted saying “These fellows who have arranged for upheaval shall be swallowed whole, soon enough, by the iBC Security Apparatus.”

In other news, the markets closed mean, with reversals in a lot of key names. My gut tells me I am about to recapture some lost coin in [[VXX]] shortly.

[youtube:http://www.youtube.com/watch?v=T20PLsUZsZA&feature=related 616 500]

What’s with the government releasing the emails of Goldman employees to the public? Obviously, they are trying to shape public opinion, via using fucked up, Orwellian, tactics. Naturally, if Goldman was a provider of e-coli tainted beef or genetically modified seeds, they’d be sucking their pants off right now, instead of publicly humiliating them. After all, Goldman was not even a major player in the CDO market. Let’s see what those fuckers from Bank of America Corporation [[BAC]] were emailing each other. As a tax paying citizen of the United Steaks of America, I demand to see Angelo Mozilo’s emails!

I will be out of pocket most of the morning, busy “doing stuff.” Just know, Caterpillar Inc. [[CAT]] and Whirlpool Corporation [[WHR]] posted great earnings and the market is about to punch the shorts in the fucking face.

FYI: The Godly folks over at iBankCoin have released their May Seasonality report, exclusive to the Distinguished Gentlemen of The PPT (unfortunately, pikers are privy). If you recall, some of the April seasonality picks were General Cable Corporation [[BGC]] , TriQuint Semiconductor [[TQNT]] , Southwestern Energy Company [[SWN]] and Weatherford International Ltd. [[WFT]] —all winners. This report is far more extensive and includes historical losers too, just in case the market turns down, which is a silly idea considering the market is a dollar, cash, money, printing machine.

UPDATE: I started new positions, buying 15,000 GMX Resources Inc. [[GMXR]] ($8.83-8.91) and 2,000 Cytec Industries Inc. [[CYT]] ($50.25). And, I sold 25% of my [[TQNT]] position, @ $8.30.

UPDATE II: I bought 2,000 Jarden Corporation [[JAH]] @ $33.83 and 2,000 [[CGA]] @ $13.37

Samsonite Hamburgalar discusses recent events with Mr. Devildog.

Oil is not at $140, yet. Nonetheless, rig count activity, both onshore and off, is through the fucking roof. It should not be a surprise to you to see stocks like Flotek Industries, Inc. [[FTK]] , Helmerich & Payne, Inc. [[HP]] , Weatherford International Ltd. [[WFT]] or Lufkin Industries, Inc. [[LUFK]] go through the roof. Rig count is near all time highs in many parts of the United States. We are talking about 25%+ sequential quarterly growth, in both oil and gas. What does that mean?

Quite frankly, it means nirvana for depressed drilling parts makers. It is not by accident that piece of shit companies, like Flotek Industries, Inc. [[FTK]] , Warren Resources, Inc. [[WRES]] or Global Industries, Ltd. [[GLBL]] have gone parabolic to the upside, but by design.

In summary, oil is back. Drilling is back. For the love of stale donuts, Le Fly is back.