If there is one stock that embodies the very definition of short squeeze, it’s SHLD. Shorts hate it more than Muslims hate on gay Jewish alcoholic catholic priests fighting for contractors in Iraq. The Chairman is a fucking hedge fund manager, Eddie Lampert. It’s a Jim Cramer fav. And, to boot, their fucking stores suck. Yet, they still manage to generate lots of cash. Plus, they own a fuckload of real estate.

Any minor uptick in sales causes the stock to run naked through the streets of Wall, stabbing short sellers in the eyes until the tip of the blade falls off. It truly is one of those stocks.

Yesterday, JAH posted better than expected results. In my opinion, as well as the opinion of others, this bodes well for SHLD, as JAH‘s shit lines their store shelves. Give SHLD a reason to run, Mr. Burlap short seller, and it will turn your brokerage account into a zero sum, inactive account, subject to closure.

At the present, SHLD is my second largest position.

I am not sure where the market is going today. However, it’s rather obvious the dollar is heading lower. It seems we are in a loop, like the movie groundhog day. Some of you think stuff is changing. But in reality, everything is exactly the same.

You hear me talking a lot of shit about random names, as if I was addled with a severe learning disability. Well, like in all grand plans there is a blueprint, a method of sorts, to my madness.

My current positions:

I wanted to take a few minutes out of my Godly day, in order to update the proletariat, as it pertains to my ongoings. There is much said on these hallowed grounds, most of which is nonsensical and better suited for the stairwells of inner city public high schools.

As much as I cremate you, via outstripping your market performance, I do appreciate your presence. After all, if you were not here to read my unearthly prose, I’d be talking to myself. Come to think about it, that’s not a bad idea. It may bring peace and rubber walls into my life.

Enough with the teary eyed soap opera jargon. Here are some of my fucking positions (randomly placed):

ALU, CROX, LVLT, CAVM, STAR, NVLS, TBSI, OVTI, ASX, CECO, ARUN, CDNS, JDSU, SRS, FXP, FAZ

My approach is simple: take profits when the voices in my head tell me to sell. And, add to current positions or initiate new ones whenever I see my shadow, while relieving myself at my favorite urinal.

1. Cash

2. National-Oilwell Varco, Inc. [[NOV]] (PPT Hybrid Score: 3.64: Buy)

3. [[UYG]] (PPT Technical Score: 1.65: Strong Sell)

4. The Mosaic Company [[MOS]] (PPT Hybrid Score: 3.69: Buy)

5. [[TBT]] (PPT Technical Score: 1.70: Strong Sell)

6. Citigroup Inc. [[C]] (PPT Hybrid Score: 1.70: Strong Sell)

7. General Electric Company [[GE]] (PPT Hybrid Score: 2.24: Sell)

8. [[M]] (PPT Hybrid Score: 3.19: Buy)

9. Arch Coal, Inc. [[ACI]] (PPT Hybrid Score: 3.36: Buy)

10. The Procter & Gamble Company [[PG]] (PPT Hybrid Score: 3.51: Buy)

NOTE: PPT Hybrid Score is the combination of PPT Technical and Fundamental ranks. A score of 1-2 equals Strong Sell, 2-3 equals Sell, 3-4 equals Buy and 4-5 equals Strong Buy.

1. [[FXP]]

2. [[SKF]]

3. Agrium Inc. (USA) [[AGU]]

4. short TCF Financial Corporation [[TCB]]

5. short Vulcan Materials Company [[VMC]]

6. [[SRS]]

7. [[REW]]

8. short Lehman Brothers Holdings Inc. [[LEH]]

9. [[DUG]]

10. Lockheed Martin Corporation [[LMT]]

1. FXP

2. SRS

3. SKF

4. AAPL

5. FTK

6. Short MER

7. Short LEH

8. Short FED

9. GD

10. RIG

Notable mentions: VSE, PCZ, REW, NOV, Short POT, Short DSL, Short FHN, BAP, AIZ and GILD.

BEHOLD:

1.  [[SMN]]

2. [[SRS]]

3. [[FXP]]

4. [[DGP]]

5. [[SKF]]

6. short [[LEH]]

7. [[REW]]

8. short [[WM]]

9. short [[MS]]

10. [[RIG]]

I’ve been all over the place with my commentary, as of late. Often times, I react very emotionally with words to market sentiment. However, I am much more narrow minded in my position bias.

Here is a current look at my top 10 holdings:

1.  [[REW]]

2. [[SMN]]

3. [[SKF]]

4. [[SRS]]

5. Short [[LEH]]

6. [[RIMM]]

7. [[FXP]]

8. [[AAPL]]

9. [[GD]]

10. Cash

As you know, since early December of 2007, “The Fly” has been positioning for this leg down. Here are the results:

Top 10 Holdings

1. [[FXP]]

2. [[DUG]]

3. Cash

4. Short [[DECK]]

5. [[RIMM]]

6. [[CLX]]

7. [[AAPL]]

8. Short [[LEH]]

9. [[EEV]]

10. [[GME]]

[[SKF]] is a close 11.

UPDATE: Danny followed up my “How Much Lower Will We Go” post, with some charts. The point I was trying to make, as you can see in the charts, the market will likely trade lower, before making a recovery. Make no mistake, the market will recover all of its losses and then some, eventually. However, I feel a real trading bottom may not come until March.

UPDATE II: Stock futures added to market data box.

Sometime soon, I will post a year end summary for you (the internet leech). In the meantime, behold my top 10 holdings:

1. VMI

2. MVIS

3. SKF

4. FXP

5. RIMM

6. AAPL

7. BWLD

8. CLX

9. GME

10. GD