Selling Short into the Spiral

The quarter ends on Monday. Most “smart people” that I know are buying here, anticipating a bump next week.

I, on the other hand, have decided to take the opposite position.

The morons who manage billions of dollars will blow out of their non-energy positions, and load up on stocks like [[RIG]], come Monday.

Trading on this theme allows me to hold firm here, refusing to cover my shorts, denying the bulls respite.

As always, I offer them the “black flag.”

During this weekend, I intend to enjoy myself, poolside, sipping (not guzzling), on some “rich man’s whiskey.”

My top picks going into next week are as follows:

Long RIG, [[FTK]], [[ARD]], [[PCZ]], [[REW]] and [[TWM]].

Short [[FMBI]], [[WFSL]], [[PACW]], [[HRB]], [[LFC]] and [[TCB]].

Stay tuned for more egregious “Fly” wins.

Before I dive into the banks, it’s worth noting how incredible the energy trusts have been, namely [[BPT]], [[SJT]] and [[FDG]]. For the most part, these fuckers have been spitting out fat divi’s, while appreciating in price.

In other news, are you ready for some financial dilution?

All of these envelope fuckers are busy setting up more dilutive financing. When I say “envelope fuckers,” I mean bankers. They’re all in one big “deathspin,” with “Stuntman Mike” driving the car.

Looking into my bag of tricks and honor, I like [[WFSL]], [[FMBI]], [[TCB]] and [[HRB]] on the short side. Meaning: bid those fuckers lower.

Also, “The Fly” is knee-deep into oil. I’m just rolling on you oil bears with spiked wheels and shit. While I write this Godly post, I see Vince “the old asshat” Farrell is calling the market “bear.”

Whoop-di-fucking-doo!

Finally, I hate tech. I want it dead, in the back of a ’68 Chevy, then driven into a lake.

Top picks: REW, short FMBI, short WFSL

NOTE II: Does [[GM]] at 11 bucks worry anyone? Anyone? Remember, once the big industrials go, due to major cuts in municipal contracts, then we will really get the ol’ knife to the gut treatment. Don’t forget to short [[CAT]] when that happens.

I bought 2,000 [[REW]] @ $63.70.

Disclaimer: If you buy [[REW]] because of this post, your only son will grow up to be “Southern Dumb.” And, you may lose money.

That’s what you dumb fuckers want now, right?

You’re all a bunch of spoiled brats. Everything has to be given to you right away, or else you throw a tantrum and start selling your stocks.

Seriously, Americans have morphed from hardcore cigar smoking, stoned cold nazi killers to viagra popping, latte drinking stock market faggots.

We’re doomed. Don’t take my word for it. Go to your local mall and start screaming profanities, then watch everyone scatter like roaches. Then, hop in your local time machine and try that same shit in the year 1955. Ten bucks says you end up in a full body cast.

Regarding the market:

This shit is just ugly. However, I might go long, by the end of today’s session. Typically, after a spastically retarded trading week, the market snaps back. My only reservation is the prospect of some calamitous event occurring, causing the market to crater like 1987. However, after taking a deep breath and chewing on my mental medicine, I realized that such events are extremely rare and do not happen at the lows.

At the present, my investment thesis is to be long energy/short everything else. With my money, today, I will buy more [[RIG]], [[PCZ]] and [[ARD]], while adding to my tech shorts, via [[REW]].

Top pick: REW

Help?!!*

Hank Paulson, U.S. Bankruptcy Department, Goldman Sachs

“The Fly” was out all day, attending the most egregious event known to mankind. I didn’t even get to laugh at you fucktards, who are long equities.

Did you notice my wins?

I bet you did.

A special thanks to Option Addict for filling in. Aside from me, he is an excellent blogger and investor. All of you should all visit his site daily.

I noticed the iBC server was down today. From what I discerned, Vincenzo had nothing to do with today’s outage. He is no longer permitted to have gravy in the cold room. From what I could tell, the internet itself was protesting “The Fly’s” unannounced absence and decided to throw iBC the fuck offline.

Plus anyway, the internet does not like Woodshedder.

I haven’t had a chance to review today’s tape. However, my initial opinion is grim.

We’re hitting new mother fucking lows, despite the famous Vince “Asshat” Farrell bottom call, sponsored by CNBC and Thestreet.com.

More later.

[youtube:http://www.youtube.com/watch?v=uUaP7LoppGw 450 300]

If you are bullish, today was a tough day. Initially, it had all the makings of a monster day, led by banks. However, as I said before, buying the dips is no longer a viable strategy. Instead, you have to sell the rips.

Naturally, I mean: sell short stocks, with impunity.

During the day, I shifted around a lot. I took profits in a variety of shorts, while bulking up on others.

Currently, I am short [[TCB]], [[FMBI]], [[WFSL]] and [[HRB]]. And, I have a big position in [[REW]].

Additionally, I will look to reenter short [[PACW]], [[EWBC]], [[CSE]] and [[CHL]].

Don’t be surprised to see the market rally tomorrow. With my money, I will patiently wait for things to go my way, since it’s inevitable.

Remember, “The Fly” wins all the time, even when he appears to be losing, badly.

Top pick: short FMBI

Poof. Your bullshit rally has vanished.

-Merlin

[youtube:http://www.youtube.com/watch?v=kXOLjOI0cT0&feature=related 450 300]

Ongoing.