Always Remember, Charts Are for Idiots

Do you realize how stupid you sound? Stupid lines on charts do not dictate the destiny of global markets, fuckface. Imaginary resistance levels of  “1,100” are nothing more than mere coincidences in a broader fundamental story. I hear a lot of funny shit on these here internets. I especially like when people say “if we break 950 on the S&P, we will retest the March of 2009 lows.” WTF, LOL!!!

You fucking birdbrains go on the teevee with this bullshit and spew it as if it was fact. Now that’s what I call balls.

See folks, charts are nothing more than crutches to make people feel better or more secure about themselves, not so much different than religion. If some of you ham and eggers did not have technical analysis to cling onto, well, you would be lost and sad. Wall Street does not want sad investors. We want happy people, so that you can invest more money, with huffy-puffy chests and testosterone riddled brains.

No offense (of course) to some of you leaf blowers who are “experts” on technical analysis. You might even be good at gaming this market. But rest assured, it has NOTHING to do with charts.

Being that the market is all about automated bullshit these days, I have taken it upon myself to hack into the fucking robots who buy and sell stocks, via a product known as The PPT. You may or may not be familiar. Just know and understand, this shit is light years ahead of what you are doing with your lives. Once I get finished with 2.0, I will offer 1-2 day free trials, so that you may see for yourself whatever the hell I am talking about.

To answer your questions: No, I do not feel bad about selling Corinthian Colleges, Inc. [[COCO]] yesterday. I sold stocks in order to clean slate my portfolios, so that I may prep for new ones. I have wheels turning in my head, at all times. Never forget that.

Despite the IMF selling gold, I still like Gammon Gold, Inc. [[GRS]] .  And, as a matter of fact, I like U.S. Global Investors, Inc. [[GROW]] down here too. My top industrial/commodity picks are Nucor Corporation [[NUE]] , POSCO (ADR) [[PKX]] and Petroleo Brasileiro SA (ADR) [[PBR]] .

Be well.

I made reference to one energy name on The PPT today, with unique seasonality trends. Here is another.

QUALCOMM, Inc. [[QCOM]]

The PPT‘s Overall Hybrid Score, as of yesterday’s close.

NOTE: I am 50% cash into the bell and it’s killing me.

Something tells me (time machine), 2010 will be a year of indecision. I do not expect the markets to plow higher or collapse. Instead, I expect we will  ebb and flow, just like 2004.

The bull case is very enticing, as inventories restock and global growth comes back online. However, in general, people are “negative nancies.” Expect morons with small brains and big balls to sell into news, based upon the musings of useless fuckfaces on CNBC.

“The Fly” sold out of many of his favorite names today, because he loves “the money.” Price targets, for the most part, are inane and represent a persons ego, not practical, actionable events. So, with that in mind, I think Green Mountain Coffee Roasters Inc. [[GMCR]] will touch down on $100 during 2010, but I sold it out, nonetheless.

Why did I sell it out?

Answer: because I can.

I am beholden to no stock, person or organization. It does not bother me to miss out on winners, since I have a special ability to pick winners, almost at will. If you are twisting my logic to suit your own bearish thesis, you are sorely mistaken. This is still a LONG ONLY market. Any proceeds from sales that I execute will be swept into retarded, low interest bearing, money market accounts. God willing, if the markets pulls back from here, I will look to reposition into a variety of tech names, as discussed, here on this fucking blog, no more than 1 week ago.

In short, I am re-balancing and adhering to the laws of the hybrid aka The PPT.

Top pick: Gammon Gold, Inc. [[GRS]]

I woke up this morning and decided to cash in my chips, head the fuck home and eat sandwiches until the Sun explodes.

I know this will throw many of you into mental sinkholes;  I upped my cash position to 50% this morning.

DUN,DUN,DUN, DUNNNNNNNNNN.

As soon as the market opened, I started selling out of positions, with great vigor, just because I can.

I sold out of Cummins Inc. [[CMI]] , Green Mountain Coffee Roasters Inc. [[GMCR]] , TEKELEC [[TKLC]] , 25% of POSCO (ADR) [[PKX]] , 90% of [[TAN]] , Corinthian Colleges, Inc. [[COCO]] , 50% of Nucor Corporation [[NUE]] , United States Steel Corporation [[X]] , Martha Stewart Living Omnimedia, Inc. [[MSO]] and Ctrip.com International, Ltd. (ADR) [[CTRP]] . I held onto some names, mainly because I can’t go “Brittney” and shave all of my hair off at once. Instead, I went to 50% cash, like a gentleman sipping on a fancy glass of single malt Scotch. Should the market continue to rally, I will sell another 10% of my holdings, going to a maximum 60% cash. At this point, I simply cannot go to 100% cash, with exception to my personal trading accounts.

At the present, I still own some POSCO (ADR) [[PKX]] , Nucor Corporation [[NUE]] , Flotek Industries, Inc. [[FTK]] , U.S. Global Investors, Inc. [[GROW]] , Jarden Corporation [[JAH]] , CGG Veritas (ADR) [[CGV]] , Brocade Communications Systems, Inc. [[BRCD]] , [[TAN]] , Citigroup Inc. [[C]] , Equinix, Inc. [[EQIX]] , Gammon Gold, Inc. [[GRS]] , GlaxoSmithKline plc (ADR) [[GSK]] , ICICI Bank Limited (ADR) [[IBN]] , The Mosaic Company [[MOS]] , Petroleo Brasileiro SA (ADR) [[PBR]] , SandRidge Energy Inc. [[SD]] , Sociedad Quimica y Minera (ADR) [[SQM]] , Teva Pharmaceutical Industries Ltd (ADR) [[TEVA]] , Visa Inc. [[V]] , Vimpel-Communications (ADR) [[VIP]] and [[CBD]] .

The rationale behind my drastic change in opinion cannot be understood by people with IQ’s less than 155. Therefore, as a result of this conundrum, I will not attempt to explain my actions to you. Just know and understand, football is great and chicks look hot in bikinis. Also know, beer tastes great icy cold.

More on this later.

[youtube:http://www.youtube.com/watch?v=M5QGkOGZubQ&feature=related 616 500]

in video.

“Doughnuts don’t wear alligator shoes.”

-A Great Man

NOTE: I am now up more than 8% for the year.

I bought 5,000 Jarden Corporation [[JAH]] , north of $31.20.

Disclaimer: If you buy JAH because of this post, rabid dogs will eat your cat. And, you may lose money.

I sold out of Masco Corporation [[MAS]] , north of $14 and ATP Oil & Gas Corporation [[ATPG]] , north of $17.30.

UPDATE: I sold out of [[EWP]] , north of $41.10.

I probably won’t sell a whole lot today, mainly because I am stubborn in my bullishness. I am embedded in this market until pigs fly. However, some of you lesser folks out there may want to book some gains here, just in case.

I am looking forward to earnings out of Jarden Corporation [[JAH]] tonight. They should be a blowout. And, look for the company to discuss plans to market a single server coffee maker, licensed from Green Mountain Coffee Roasters Inc. [[GMCR]] , under the venerable Mr. Coffee brand. Thus far, sales out of Bed Bath & Beyond Inc. [[BBBY]] and Sears Holdings Corporation [[SHLD]] have been terrific. There is not reason to believe Jarden Corporation [[JAH]] will disappoint.

The metals are surging, based upon reports of “restocking inventories.” For more than a year, inventories have been lean. Look for businesses to restock on steel, copper and other metals, forcing capacity utilization rates higher. Firms like United States Steel Corporation [[X]] and Nucor Corporation [[NUE]] stand to benefit greatly from an uptick in demand.

Tech stocks are surging. My favorite name in the space is TEKELEC [[TKLC]] .

Finally, the dollar is getting trashed, as predicted here by myself and Uncle “fucker” Jake. Gold stocks have my blessing. My fav is Gammon Gold, Inc. [[GRS]] .

NOTE: The Overall Hybrid score is high. How high? Go subscribe to find out, you damn leeches.