A Charitable Donation

Every once in awhile, it’s important to let your enemy win, in order to vanquish him later. I’ve learned, it makes for good sport and keeps the illusion of realism vibrant.

Today’s decline is legitimate. We will likely close down triple digits, sending our cavemen friends into a mental state of apocalyptic nirvana. The blockheaded bear bloggers will post articles, declaring some sort of oddball occurrence in the galaxy, that coincides with today’s sell off, promising a great deal of carnage to come. In reality, boys and girls, it’s just a sell-off: or, like we call it, “A Charitable Donation.”

My plans of $100 rolls are still scheduled for sometime early next week, with my new friend Mr. Equinix, Inc. [[EQIX]] . And, I will buy all dips in Corning Incorporated [[GLW]] , ADTRAN, Inc. [[ADTN]] , TEKELEC [[TKLC]] and [[MWW]] , as stipulated in my contractual agreement with the Gods.

My advice to you: keep about 10-15% of cash on the sidelines, in the event today’s sell off spills over into Monday. Have a suitable watchlist prepared, so you may act quickly upon your instincts. And, finally, go eat a sandwich and stop thinking about the amount of money you are losing today. Remember, this game is all about patience and “calculatory” victories. Do not move your head when pistol whipped. Instead, stand there and take it like a man. After he is finished, take his pistol from his claws and bury him with it.

NOTE: Flotek Industries, Inc. [[FTK]] is holding up well. Odd, no?

To the FAZ mobile.

Developing…

Here is a list of the top 10 winners for 2009, with market caps above 50 billion. (market cap/ytd % gain)

I know the market is up big; but I cannot/will not sell out of my stocks, at such low levels.

From Corning Incorporated [[GLW]] to TriQuint Semiconductor [[TQNT]] to ADTRAN, Inc. [[ADTN]] to DryShips Inc. [[DRYS]] to Flotek Industries, Inc. [[FTK]] , the overall constitution of my portfolio is one of the cheap nature. I insist, this market has more froth left in it. However, truth be told, about an hour ago I pared off some of my General Cable Corporation [[BGC]] position, just for the sake of selling something—to be honest (so sorry for the redundant nature of my sincerity).

With oil spiraling higher, you must look toward undervalued oil/gas names, especially beaten down parts makers, like Smith International, Inc. [[SII]] , Graham Corporation [[GHM]] and ummm Flotek Industries, Inc. [[FTK]] .

Into the bell, I am “The Fly.” I am victorious.

Flotek Industries, Inc. [[FTK]] is pushing $2.30 and the market is enjoying the splendour [sic] of weak kneed bears, who are entirely docile and thoroughly impotent. Perhaps they could use massive dosages of viagra, injected into their large brains. All I know, the stock market Gods have blessed me with the gift of touch.

In a market like this, anyone can make money. But, in order to make big money, one must have a marmoreal/catatonic nature about them—unflinching in the face of big crocked gains. I will have you know, right here and now, Plutonium Petey is not easily aroused by stock advances, unlike most of you High Schoolish toolboxes.

Into this spike, I will sit back and enjoy a fine cup of illy, while counting the zeroes in my checking account.

Top pick: Flotek Industries, Inc. [[FTK]]

I bought 1,000 Equinix, Inc. [[EQIX]] @ $97.60.

Disclaimer: If you do not possess or know someone who owns a time machine, DO NOT follow Le Fly into stocks. You can lose money, in extraordinary fashion.

The fact that we are not plummeting on “good news” means we are not done going higher. Both Goldman Sachs Group, Inc. [[GS]] and Citigroup Inc. [[C]] reported solid numbers: yet, here we are hanging around eating grapes, while our servants polish the expensive silverware. The market offeres subtle hints, very quietly, from time to time. Today is one of those “tell days.”

Nonetheless, I am not in the mood to buy stocks. I told you before, I intend to lighten up into frantic rips, while conducting myself like a gentleman, being a net buyer of stocks, on dips.

I am pleased to see [[ENTR]] above $3 again. Many of you scurried away like small rats when it tanked several weeks ago. If ENTR’s technology is adopted, broadly, by the major cable players, without a doubt, the stock will be double digits. Personally, I’ve been waiting for this technology to reach my home for years. The fact that Verizon Communications Inc. [[VZ]] is using 6 chips per every Fios install is reason enough to own ENTR. Now that Time Warner is using them in their boxes, you would have to be mentally impaired to sell the stock now. It’s sort of like throwing away a lottery ticket, before looking at the numbers.

On dips, I like Flotek Industries, Inc. [[FTK]] , Equinix, Inc. [[EQIX]] , TEKELEC [[TKLC]] and ADTRAN, Inc. [[ADTN]]

Which stock will roll past $100, straight to $105, first?

No.	Ticker	Hybrid Change (Daily)	Hybrid Score	Price
1	APA	17.46	2.96	99.62
2	EQIX	47.97	3.64	97.85
3	NEU	23.81	3.38	97.29
4	ICE	36.65	3.43	97.29
5	AMZN	51.71	3.55	97.18
6	GHL	62.94	3.21	95.63
7	MTD	21.50	3.73	94.39
8	BIO	46.69	3.77	94.31
9	ABV	18.83	3.85	94.29
10	GWW	-20.88	3.07	93.25

My money was on POSCO (ADR) [[PKX]] (success!) . Now it’s on Equinix, Inc. [[EQIX]] .

At the close of trade today, I expect to see 10,000 (give or take) apologies emailed to me, from my many detractors aka men of low standing. For months, “The Fly” aka Senor Tropicana has been telling you “we’re going to 10,000.” The same person who brought you “DEATH TO ALL BANKS AND BROKERAGES” and “MAY ALL BEARS DIE SLOWLY,” now brings you “WE’RE GOING TO 10,500, ELSE I WILL SHOOT MYSELF IN THE FACE WITH A HOWITZER.”

There are many similarities between blogging and managing money. For example: most people want to manage money, but, later on, find themselves too stupid to make a living at it. Similarly, lots of people have blogs, but lack the creative fire or passion to make them special. As you know, all too well, Le Fly is a master in the arts of money management and blogging. Many people take wild swings at me, trying to take my crown; but every single one of them miss.

At this stage in the rally, I can only tell you what I am doing: I remain long, with 10% in cash reserves. Thus far, for the day, I sold out of my POSCO (ADR) [[PKX]] position, save a 1,000 share token position, and legged into a 5,000 share lot of Equinix, Inc. [[EQIX]] , north of $97.50.

My top positions include: Flotek Industries, Inc. [[FTK]] , TEKELEC [[TKLC]] , Corning Incorporated [[GLW]] , [[ENTR]] , General Cable Corporation [[BGC]] , Guess?, Inc. [[GES]] , Ceragon Networks Ltd. [[CRNT]] , ADTRAN, Inc. [[ADTN]] , DryShips Inc. [[DRYS]] , Sociedad Quimica y Minera (ADR) [[SQM]] , [[MWW]] , IAC/InterActiveCorp [[IACI]] , Align Technology, Inc. [[ALGN]] , Aracruz Celulose SA (ADR) [[ARA]] , Homex Development Corp. (ADR) [[HXM]] , Teva Pharmaceutical Industries Ltd (ADR) [[TEVA]] , Vimpel-Communications (ADR) [[VIP]] , TriQuint Semiconductor [[TQNT]] , McMoRan Exploration Co. [[MMR]], [[CBD]] and Equinix, Inc. [[EQIX]] .

Now you look at those positions, boy, and tell me what type of day I am having.

While you dine at your favourite [sic] eatery, Le Chateau Feces de Bear, your life savings is withering away. Like sand in the wind, you are allowing all of your hard work and effort go up in smoke, all due to your thick skull. Believe me, I know the feeling, being wrong and digging in your heels. There is definitely a case for being bearish, but not now.

Think about it: do you really think the market is going to crash? Do you really believe the architects of this economy will allow 230+ years of work to fritter away, thanks to some overzealous bankers? Well, there is an argument that supports the notion that it does not matter what the government wants, since it will happen anyway. The country has too much debt and we do not produce anything of substance. All of these things may be true: however, as a nation, we still possess incredible wealth, through investment, and other nations invest here because we are the gold standard. All of the talk of China supplanting the US, as top economic power, is accurate–eventually. But for now, we have a recovery underway and there is nothing you or your stupid friends can do about it.

My advice to you: cut your losses and invest in what is working now.

Thanks to a Cramer pump, my TEKELEC [[TKLC]] is vamoosing to the upside. My opinion, following the Cisco Systems, Inc. [[CSCO]] for Starent Networks Corp. [[STAR]] deal, TEKELEC [[TKLC]] , Ceragon Networks Ltd. [[CRNT]] and ADTRAN, Inc. [[ADTN]] are prime takeover candidates.

In other news, my POSCO (ADR) [[PKX]] has catapulted to new heights, trading above $114 now. I bought the sucker a week ago, from $99 to $106. This is a classic $100 roll. I discussed such things ($100 roll) in The PPT and put up a custom screen, so that you—the non-ingrate—may attempt to duplicate my success.

In short, I like the market and all of my positions. Let the bears eat sod, while we eat cake.

UPDATE: I sold 6,000 [[PKX]], north of $114.