Fly Buy: NGAS

I bought 10,000 [[NGAS]] @ $2.10.

Fair Warning: An oldy and an assholes stock.

I bought 25,000 [[SD]] @ $8.85ish.

Disclaimer: If you buy SD because of this post, the government will force you to buy a shiny new Fiat. And, you may lose money.

Oil and other commodities are upticking hard here, while Treasuries are tasting hot metal. Without a doubt, investors are starting off the month of May, leaning heavily in the “welcome to the new Weimar republic” camp.

With this in mind, I find little motivation to sell out of my burgeoning PCX position, which is bursting at the seems. In addition, I will not sell out of WRES or ERX either. As a matter of fact, I will take some of my reserves, in order to add to depressed commodity related names.

As for my other holdings: for now, I will leave them intact, while I search out new commodity related investments.

NOTE: TBT is looking might fine now, if I might say so myself.

UPDATE: I sold 20% of my CDNS position and all of my CECO.

Fucking Fiat is going to save Chrysler? Please. Those fucking meatballs couldn’t save walking pigs, dressed in tuxedo suits, from jumping off skyscrapers. How the fuck are those toy car makers, most readily found in the narrow streets of Turkey, Egypt and ancient Rome, going to appeal to Americans, who like driving tanks to work?

President Obama: you Sir, are an asshat.

Aside from that, I’m digging on this Swine Flu outbreak. It really makes me believe in conspiracy theories, with regards to distracting the American idiot from the larger picture, such as: fucking wholesale fleecing of you bitches fine gentlemen for all of your coin.

Let it be known, my tax attorney is very good.

[youtube:http://www.youtube.com/watch?v=4-swlx9z2O0 550 400]

The winds of recovery are behind the sails of the market, despite absurd GDP statistics. The days of lock limit down S&P futures are gone, at least for now.

Should we sell off into the close, I accept the loss as a mere way station to the path of gloriously greedy profits. We are stuck in the amber of range bound thinking, where investors on both ends of the spectrum are tentative about pressing their respective bets.

With my money, I am on strike, not selling, nor buying. I have my positions, along with a 10% cash reserve, and will now lie in the bed that I created.

The market is not about being right on every trade. In my case, I am not investing; but instead, I am creating art. The things that I am doing are all sponsored and approved by the Grand Recursive Order of the Knights of the Lambda Calculus, along with support from all of the stock Gods.

Any present or future market losses shall be viewed upon as generous handicaps, for your favor, in order to give ample opportunity to play catch up.

In all seriousness, considering all of God awful horrendous news, such as a WORLDWIDE PANDEMIC, CHRYSLER BK and GOVERNMENT SPONSORED FRAUD, I believe the market is taking the news flow in stride.

Bottom line: Long and strong.

NOTE: I have shit to do. Therefore, this is my final market hours post.

Oil has been fucking the market from the get go, thanks in large part to XOM’s earnings miss this morning. Now we are seeing bank and CRE stocks fall victim to profit taking and/or bear raid. As a result, the whole market sort of just rolled over.

I do not like buying into roll overs and will hold back on any planned buys, unless of course the market reverses course and poleaxes the bears.

The positive points to highlight are strength in tech, as evidenced by the greenish nature of the nasdaq and the over abundance of better-than-expected earnings being reported. I believe 70% of companies exceeded analysts expectations this quarter, always a good sign.

The risk lies within the fact that we have run higher, over a very short time frame. It is normal for the market to consolidate gains, even scare the shit out of people, via an egregious one or two day decline.

Despite my bullish position, the market appears to be very fragile, albeit within a very tight range. The market has done nothing for more than a week and it is beginning to worry people about their exposure to a market that “potentially” could be topping out. As you know, seasonality dictates to sell in May.

I contend, allow the market to breathe a little and try not to watch every tick, for it will drive you mad. Believe you me, I am very tempted to sell everything and lock in 30% ytd gains, but that would be foolish.

I am here, with a heart filled with fire, to bank coin on a large scale. No one ever got rich being a coward or degenerate day trader.

Trade accordingly.

It’s not required of you to agree with my every move. But it is imperative that you respect them.

I warned you about the semis. I said “watch the semis, else lose your face to Stuntman Mike,” yet you ignored me. Just yesterday, [[AMKR]], [[CDNS]], [[TSM]] and [[TER]] beat Wall Streets stupid estimates, effectively confirming my bullish thesis on the semis.

The market is a Great Whore, but you are too impotent to play. Like a robotic chicken, all you know is “buy SRS” or “buy FAZ,” like some sort of idiot garbage gobbler.

While I kick back, rejoicing in lavish gains, long [[PCX]], [[DELL]], [[CDNS]], [[BRCD]], [[CECO]] and [[CROX]], you are pulling hairs from your head—in some sort of act of desperation.

As for some of my losing positions, specifically [[MSO]] and [[CAVM]]: I shall buy them on dips, because that’s the type of guy I am.

In short, the market is on a maniac run higher. Are you crazy enough to take what’s rightfully yours, or will you just sit there throwing bricks at your keyboard?

[youtube:http://www.youtube.com/watch?v=HLwpf9_scnk 550 400]

I hope you all realize, I wish none of you ill will, despite my incessant taunting and bluster. The thing is, I win a lot. I am not talking about every once in awhile winship. Specifically, I speak of winning streaks that go beyond human comprehension, with regards to stock market wins.

Truth be told, I endure many losses in real life, especially while doing menial tasks. All sorts of bizarre shit plague Senor Tropicana. However, life has a way of balancing out.

While I might fall victim to a random bicycle accident, catapulting me into an egregious bush of roses. I make up for all of that, and more, via stock market mastery.

The market may pullback, over the next day or two, mainly because we can’t go vertical forever. However, the dips shall be purchased, with great vigor, until evidence of an economic uptick are debunked.

In short, I am long equities because it is the easiest path to winning, at this moment in time. You are long FAZ because you are a slave to your malignant ego.