New Trade: Nuts for Chips

Although I like the walnut story with DMND, I am swapping it out for shares of chip company RFMD. The money is swarming over to tech today and RFMD is enjoying tailwinds from SWKS.

I like RFMD under $5.

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Now this is a rally. This rally is 100% sponsored by gorillas chewing on cocaine leaves, running around in the jungle with cock in hand.

You cannot be serious about money if you are selling short here. I mean, come on already with the fucking news releases. You’re never, ever going to bank coin if all you do is obsess over worst case scenarios. You are pitting yourself against the elite ruling class, who are happy and content with the status quo. You Sir are a fucking idiot for thinking “black swan” events are predictable and happen with great regularity.

I’m liking silver today, since its been lagging the market. And, as always, I like to take a barbell approach to buying stocks that are heavily shorted. For example: I want to be long stocks that have more than 15% of their float sold short and have strong technicals. On the other hand, I want to own heavily shorted stocks that haven’t moved yet and have weak technicals.

Based off a recent screen I made in The PPT, here are some ideas:

Strong Technicals
PRKR
CVI
AF
AN
ATHN
EXPE

Weak Technicals
CJES
DDD
USG
YELP
FRAN

Those are just some random ideas. Normally I vet out my ideas by checking the fundies, listening to conference calls, reading 2 years worth of news archives etc. But you get my drift.

At the moment, I am fully invested; therefore, I do not have cash available for investment. However, if I find something I really like, I might dip into my 20% cash reserves and/or swap one stock for another.

Bottom line: this is a strong tape and there is plenty of upside momentum. Don’t get sucked into the vortex of negativity without a real catalyst in the short term.

http://www.youtube.com/watch?v=swYVJOkJEr4

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You talk too much.

Don’t be afraid to trade, for the ones who are afraid shall be slaughtered first.

-BEAS, 1776

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Where are the cowards who were talking shit just a few weeks ago?

In case you are unaware, I killed them all, murdered while they slept, suffocated by noxious black fumes.

With gains approaching 25% for the year and nothing but information flow at my finger tips, I’m on the verge of breaking out, yet again. My goal, as always, is to outstrip you. While doing so, I make you look foolish, almost child-like, as your attempts at market mastery come up short.

I never claimed to care about the economy, or the country for that matter. I cannot care about those two things and provide Mrs. Fly with gifts of the gratuitous nature at the same time. Get it?

Good.

Into the bell, I am selling NOTHING. As the summer winds raze fields of dry corn to ash, I bank coin, profusely, long LNN, MOS and CRESY.

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Most of my current positions are very dangerous stocks. They are illiquid for my position size, volatile, and have been known for taking deep dives into the crevasse of stock market sob stories, when markets misbehave. I hope you realize the skill it took to time my YELP sales. When selling YELP, I needed two things to occur: 1. the stock needed to be higher than $25. 2. the volume needed to pick up by a factor of 10, in order to accommodate my market orders.

Most people feel market orders are cardinal sins, maybe so. However, I don’t have the fucking time to micro-manage positions for a few pennies. When I buy a stock, I am committed. Why fuck around with pennies when there are dollars to be had?

I’m up 1.25% in the early going. I am fully invested, with just under 20% of my assets in cash.

Top picks: ALJ, RBCN, LNN, MOS

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I would like to alert you to the fact that I drank an entire bottle of Clos L’ Eglise Pomerol (2007), courtesy of Ragin’ Cajun, tonight–to celebrate the many things that need to be celebrated.  My year is going swimmingly, the site is punching people in the fucking face and I just bought a new house. However, I am an eternal pessimist. I would like you to know, whether it is of any interest to you or not, that I never feel satisfied.

To be content is equal to sloth. Sloth is equal to vagrancy and vagrancy is the bane of mankind.

I don’t accept new clients anymore, so quit emailing me with requests. There will never be commingling at iBC, no matter how much you beg and ask. Feel grateful to have access to my network and stop talking shit in the comments section, else you will be banned.

I have a few deals lined up, which cannot be revealed just yet. There are parties who would be intently offended by my missives and I like to keep bridges intact. However, just know, like YELP, WNR, FTK, LULU, GSVC, and the countless others I’ve brought to you since inception, these next few plays will be winners.

What makes a successful investor?

Two things.

1. The tools he has to make informed decisions.

2. His network.

If you do not have a system in place to access information and make informed decisions, then you better have insider info.

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I no longer give a shit about the mood swings of social networking investors. As far as I am concerned (and I definitely am not!), shareholders of both GRPN and ZNGA can fuck themselves inside of Greek bathhouses, located in San Fransicko. I don’t need to YELP, nor play games with The Facebook. “The Fly” has huge fish to fry in the fields of corn.

The Catastrophic Drought of 2012 is leaving many thirsty without water. As I water my cactus with a bottle of Fiji, I ponder about my prospects in MOS, LNN and CRESY. Also, it’s worth mentioning, I am causing great panic amongst the short sellers embedded in ALJ. I am here to outstrip and decapitate you, without regard for human life or decency.

EVERYTHING that I do is based upon profit. Do you bitches realize how lucky you are to be involved with a person, such as myself? I introduce you to strange men, named Chuck Bennett and speak of myths, with regards to “The Devil.” Without me, your lives would be pathetic and entirely vacuous of merit.

My cash position is down to 20%, as foretold in the halls of iBankCoin yesterday. My plate is full and I intend to eat a great deal of farmer, with rapacious hunger.

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I started a position in CRESY.

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Another day goes by without rain and farmers are fucked inside of tax incentivized, broken down, barns.

While the local farmer laments in the hot, scalding heat, about the clouds, “The Fly” is sitting comfortably in his air conditioned office, profiting from the farmers misery–long egregious amounts of MOS. In addition, and I bring this news to you rather immediately, I just started a new position in RNF. I can see the charts and it clearly has a cock and balls formation to the upside. I like it because it broke its triple axis, double inverted, sweet banana pie, lemon top melon formation.

I am a seller just north of $36.

Ladies and Gents,

The summer is here and it is hot. I’ve all but sustained myself on fruit, water and almonds for the better part of 1 week, requiring just 2-3 hours of sleep per night. I like to call them “naps.” I am terrible sorry to inconvenience all of you with my plights, yet I do so nonetheless.

Into this short squeeze, I like the taste of cow, chickens, corn and soy. In other words, I like the stuff that makes crops grow, as well as the infrastructure that allows the stupid farmer to better manage his water supply. Make no mistake about it, farmers are some of the stupidest and devious characters around. They are schemers and hoarders, sucking off the government tit in a felonious fashion.

I INTEND TO EVEN THE PLAYING FIELD AND MAKE THEM PAY THEIR FAIR SHARE.

 

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Jeremy (iBC Admin): “As you know, Mr. Le Fly is quite indisposed at the moment, militarizing his new house (or, more accurately, his new “war-time compound”). In his stead, I’ve been tasked with putting iBankCoin Radio back on the air. LET’S GO.”

Don LaFontaine: “Your fifteen minutes of music without commercial interruption starts N-N-N-NOW!”

[ticking clock sound effect] [airhorn] [airhorn] [airhorn] [machine gun] [glassbreak] [sexy lady voice] [explosion] [airhorn x10]

[ticking clock] [airhorn] [airhorn]

Jeremy: [Ice Cube’s “It was a Good Day” instrumental plays in background] “Some real street bangers, there. But enough about my songs; what are you guys listening to? iBankCoin Radio is taking requests all afternoon, so SHOUT US A HOLLA in the comments section of what you want to hear.”

[Cash-4-Gold Commerical]

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