COMMEMORATING iBANKCOIN’S 5th ANNIVERSAY WITH GAMES

Most websites offer their readers trinkets, selfishly for sale– in an otherwise underhanded way of offering undo/undeserved salutatory praise for ridiculous blogging ‘accomplishments’.

“The Fly” views his blog, as most things in his life, to be nothing more than ornamental decor, in a world filled with gratuitous items. The lot of you are considered to be my great big human fish-tank, reacting in certain ways to a series of phrases and words that I happen to concoct out of the blackness of my heart.

Other financial blogs are stupid, plainly. They carry on about their importance in a world that is more likely to stick their heads on an SEC sponsored spike, than to honour them with a cemetery named after their surname. The entirety of the financial television circuit is filled with cocaine addled, ‘white monkeys’, jockeying to outdo one another in a never-ending rat race for molded cheese.

You serve as fantastic caricatures of everything that is idiotic in finance.

I, on the other hand, offer games, in the form of ‘STOCK MARKET CONTEST’, and will give you a prize of $2,000–to be split amongst two fortunate participants (for the sake of increasing the odds of winship). I offer these games, exclusively, to the gentlemen/ladies of 12631, not because they are better than all of you–but because they are the finest people that I know.

You should know, to become a member of the famed 12631 club, one must be a member of the infamous PPT, a smoked filled room where “The Fly” tells tales of The Devil and where Chuck Bennett disseminates ‘for eyes only’ information.

I’d offer this contest to you, the unwashed–I truly would. However, as luck would have it, the Board of Directors of “The Axiom” strictly prohibited any company funds– from our holding company– to be granted to members of the “D-class”, just prior to embarking out for sea, in an unnamed vessel, for a period of time unknown to me.

Therefore, as you can see, the games shall commence, effectively on 11/12/12 through year end, specifically for the men with the most decorative top hats. All others are free to gaze in amazement, clamoring for a piece of the action in thought only.

Details will be forthcoming inside of 12631 and The PPT.

VHC is suing AAPL for patent infringement, asking for more than $700 million, plus royalties going forward ($6.00+ per iPhone). Admittedly, I’ve been nervous about the trial, especially since VHC is my largest position and if they lose–the stock is likely to be hammered into sawdust.

From what I gather, the trial is going extremely well for VHC (we have spies on the ground). They tar and feathered AAPL’s expert witness, Dr. Kelly, getting him to admit he’s been paid in excess of $6.5 million for his testimonies.

If you are wondering why VHC’s technology is so important, just imagine having to login every 2 minutes, when using your AAPL products.

VHC’s lawyers actually got Dr. Kelly to admit that logging in every 5 minutes would be very burdensome, before revealing that it would require login entry every 2 minutes, effectively making him look like a paid jackass.

The stock has been sucking wind this week because longs are nervous. You can’t blame them, forced to place their financial futures into the hands of a jury is a bit much. However, what’s interested to see is short sellers holding firm into what can be a catastrophic event for them.

Nearly 40% of the shares are sold short and short sellers have unlimited downside. If VHC wins, which is likely, the share price will likely gap higher by 50%–zeroing out a whole generation of overzealous Herb Greenberg groupies.

You have to ask yourself, Mr. Short Seller, are you feeling lucky, punk?

You have to be a magician to make money in this tape. Do not believe the purported exploits of our venerable Twitter “pros” who tell tall tales of success with ease through confidence.

Everything depends on the elections.

Commodities were flung into the fires today, because risk was turned off.

It’s actually a good thing the elections are right around the corner–because this type of trading action is dreadful for sentiment. The election might serve as a ‘clean break’ from the current trend, or exasperate it. Either way, you should have at least 20% of your assets in cash.

Today was a rout, a splash of precious gasoline in the faces of those who were on fire yesterday. More of the same–churned and burned.

There isn’t any momentum, aside from a select handful of banks making incremental moves higher. We are continuing the pattern of yesterday’s losers being today’s winners and vice versa. This chop fest is mincing self directed investors to the point of horror, ahead of an election that is sure to add fuel to the show.

I have no idea how the market will respond to a Romney or Obama victory. All I know is that a Romney win is a victory for the good folks down in West Virginia.

I have a 20% cash position for a specific reason: to buy the blood.

I could very easily lift that amount of over 40% with the sale of one, singular, security. However, it’s become a bit illiquid at the moment, busy dealing with the perplexities of litigation and such. I scored a minor victory with ANR, but that has been offset, AND MORE, by the decline in silver–plaguing the shares of EXK. Nevertheless, I intend to buy more EXK into this decline.

DECK is bouncing for a second day. The winter is coming and it’s going to be very, very cold.

All in all, I am down 0.6% today and hating life. Back in the days of three weeks ago, “The Fly” was on top of the world, throwing champagne parties (no Treu), painting the walls with fossils. Now my walls are lined with shit and I’m drinking a fucking Calvin Cooler.

http://www.youtube.com/watch?v=Ah14jOLKnSs

It was a hard days work–but the coal I mined out from ANR proved to be profitable. Do not think for a second Le Fly diminishes the efforts of coal miners by equating the purchase of equity with actual mining itself. We all know stock brokers are made from the very lowest forms of humanity, conditioned to trick people into unsavory “deals.”

On the other hand, the good people from the Appalachia put the H in Onest. Granted, some of them walk around their small country towns– clad in 100 thread sheets during the night. Nevertheless, coal is where it’s at, fucker; get in the game.

The market is down, back to churning again. Yesterday should have meant ‘break-out’ for bulls. Based on recent history, strong breadth days are sold, leaving the true believers bleeding on the curb, stomped out by cocaine gorillas.

The election of your lifetime is around the corner, might as well prepare for it. I suspect we will be range-bound until King Romney wins or fall on his stupid mormon sword.

Either way, I’m a big buyer of ANR.

As you know by now, “The Fly” left the comforts of his fully powered, food packed pantry, home in the Princeton area of NJ for a coal mine. There is much work to be done inside the mine, long of ANR (no Gartman)– but I am just the man to do it.

ANR is posting earnings tomorrow. Either way, it’s a win win. Should ANR disappoint and the stock plunge, I will become the biggest buyer of coal this world has ever known or seen. If it goes up, yet again, I will buy more.

It’s very simple.

The laws of supply and demand dictate coal will trade higher. Look at BTU’s quarter for evidence of this suspicion.

When King Romney gets elected, I will have my coal liquidity event. Should Obama win, I will buy more coal on the dip, also very simple and concise.

Thank you very much.

Well, I caught a respite and sold into it, discarding of MCP like a deformed Spartan baby from mountain top in exchange for menial positions in EXK and ANR. Yes, both EXK and ANR are part of my new thesis, so you can shut the fuck up about it from now until infinity.

My TC ripped higher, making me feel somewhat good about myself. And DECK and FFIV bounced, like all dead cats should.

Semis charged higher, helping my IDTI position too. But this isn’t about me. The market, as a whole, needed today. We needed a big lift to soothe the spirits from the specter of damnation, going into Turkey Day.

Make no mistake (no Bush), I am still incredibly somber on the markets and fear being heavily exposed ahead of the elections. But there’s lots of money swashbuckling around and its always been my place to grab some, whenever the the opportunity arises.

The heart of this bull run is in housing, banks and basic materials. Tech has been fickle, subject to dramatically gay earnings pitfalls. I need to make back a quick 5% before I am able to take on risk again. Today’s 1.75% helped, but it’s merely a trifling compared to the elephantine, “colossus” losses incurred at The House of Fly these last treacherous weeks.

I sold out of MCP, took my lumps and I’m gone.

I started a small position in ANR and a decent sized one in EXK.

Cash is at 22%.

If Romney is up by 5%, according to recent polls, how the fuck is it a close race? From my vantage point, this election is going to be a runaway landslide, not even remotely close. After King Romney wins, coal will soar, as well as banks and brokerages. People will rejoice in the streets, throwing $100 bills at one another, discarding the cocaine for a more appropriate form of illicit substance: near extinct animals cooked to perfection.

But a Romney-Ryan administration means austerity, balanced budgets and the end of QE. That’s right kids, Romney will fire Bernanke, which is sure to upset the markets.

So I am at a cross-roads of sorts, currently building my new thesis through a comprehensive watchlist–just looking at my 18% cash position collecting dust, as all of my “to buy” stocks rip to the upside. I am a deer in headlights, doing nothing, as the fast cars pass me by.

I wanted to buy CIEN and ABFS yesterday, but opted against it because it no longer conformed with my thesis. That’s the problem with discipline: you miss out on all the fun. But in the long term, the (AS I WRITE THIS FUCKING BLOG, I JUST SPILLED FRESHLY SQUEEZED ORANGE JUICE ALL OVER MY WHITE SHIRT).

I don’t even feel like finishing that sentence anymore. This shit is boring me to death. Fuck this shit.

I’m up 1.3% for the day, trending higher, and the markets are going up. Let’s just leave it at that.

You were just about to give up hope. The market was behaving sick–but now you feel better. Consumer confidence spiked because The Bearded Clam instills confidence in the populous. The people love The Clam–they just don’t know it yet. Nevertheless, my current roster of holdings isn’t doing it for me. I am waiting for a small spike in my oversold portfolio of shit, before I sell it out and focus on the future.

Most of my reader base is without electricity. Therefore, traffic stats have plummeted to 2007 levels. This little storm, a cat 1, really fucked up the tri-state area. Can you imagine if a real storm hit us? We are woefully prepared to deal with existential circumstances. I am 100 miles west from the carnage and my grocery stores are completely depleted. I think it’s fair to say it is prudent to keep ample food supplies in the pantry at all times.

VHC is at trial with Apple now for patent infringement. If they win, the stock will rip 20 points to the upside. Last time they went to court was with MSFT. Twenty days into trial, MSFT settled with VHC for $200 million. The Devil feels confident that AAPL will ‘bend the knee’ to VHC, and before presiding Judge Davis, or settle for billions. On edge.

I haven’t opened up the trading turret since last week. I bled out 0.8% yesterday. For the day I am up 1%–big fucking deal.

Add NFLX to the list of stocks that I sold near the lows. It’s sickening to me, having missed out on so much. Just yesterday I blogged about ‘Hurricane Plays’ and mentioned AZZ’s municipal infrastructure business. Shortly after my post, the stock went from +0.50 to +4.00!

Fuck the stock Gods and whoever else is cursing me with inverse winship.