Three Gifts for iBC

You know I’m not the religious type, so it’s no midnight mass for Le Casa del Fly. However, there will be festivities. Aside from the seafood and wine, friends and family will gather around and tell tales of joy. If there is anything to be extracted from X-mas, aside from presents, it is to appreciate the limited time we have with loved ones. I knows it sounds very cliche and I’m not into that sort of thing. But, if you are busy like I am, you know how special a few days of blissful peace is with the kids.

I offer you three things on this Xmas, 2011.

1. I offer my services for another year, to help guide you through the coming nuclear detonations. You have my word, I will be here, for good or bad, with lots of shit to say.

2. I offer you this song and video, the only Christmas song worth listening to.

3. I offer Santa Norad to your children or immature adults who still wait up for Santa Claus.

Believe it Not: I prided myself as being pretty street smart as a youngster. However, I somehow got suckered into believing in Santa until I was mortified by my 4th grade teacher.

Using the logic from the east, I’ve cast aside my biggest position, MDR, for a 7% profit. With some of the proceeds, I’ve begun the process of supporting current positions that are down. In other words, I am in a hole. While in that hole, instead of climbing out of it, I’ve decided to take my shovel and dig deeper, with hopes to find the other side of the planet and regain my freedom from the shackles of capital losses. Do not try this at home.

Full disclosure, my basis for DECK is now $91.94, RBCN $10.25 and LULU $52.10.

My GSVC position is under water by $2.5 points. However, I have no desire to average down in a meaningful way, due to lack of liquidity in the name. As for WNR, it is too small to take seriously.

In summary, despite spending inordinate hours researching high growth companies that are saddling 52 week highs, I’ve decided to double down on my bets.

A great man once said “when I see a bet worth taking, I bet it all.”

I averaged down in both DECK and RBCN.

I sold out of MDR.

NOTE: It was my largest position.

I added to my TZA position.

Watching Joe Kernen play Rush Limbaugh every morning is rather tedious, is it not? When Mark Haines was on in the morning, it was tolerable. But this shit with Kernen and poor Andrew Ross-Sorkin (why the fuck is his name hyphenated?) is ridiculous. In all fairness, Sorkin is just doing his job, best he can, reporting news and things of that nature. It’s Captain Fuckface, with his low self-esteem, coupled with his political smugness, that renders the morning show entirely useless.

Now many of you will say “OMG, why do you even watch CNBC?” You are the same people who haven’t read a book since college or have penned an essay, just for the sake of collecting ones thoughts, ever. I watch CNBC because the channel produces commentary that moves markets. Not watching CNBC, frankly, is equal to planning a vacation without checking the weather forecast.

As an aside, what is the fascination CNBC has with Mario Gabelli? I don’t quite get it.

The market is pointing to a higher open and I will gladly accept the money of bears, like yourselves, to line the walls of my vault. Your loss is indeud my gain and will help finance my eccentricities. Thank all that is good and just that X-mas is near, for I am losing my fucking mind shopping for people and ushering Mrs. Fly around town. I don’t mind buying gifts for people. As a matter of fact, I enjoy giving things to people. However, I loathe shopping malls and traffic.

Bottom line: I am sticking with my positions and will likely reduce my equity exposure into rallies. At the present, I am 75% long, 25% cash.

As you readily know by now, “The Fly” sold out of his gold and silver weeks ago, right near the highs (that’s how I roll). I took a small float on EXK last week, hoping it would appreciate with the same gusto it has in the past. But it was not meant to be, so I sold it for a quick profit.

While there are numerous reasons to be long gold and silver, there is just one to sell. Unfortunately for those of you stuck inside of this n00b box, it is the dominant force dictating price now. The flight for liquidity continues and so many of you ham and eggers are doing “The Ron Paul”. Much to your chagrin, you now find yourselves entirely fucked inside of these junior miner hell holes. That is not to say you’d be better suited in DECK or LULU. Howsoever, it is rather fitting that those of you who take pride in “being safe” are the most exposed to the harsh elements of the market. A storm is brewing and no one is safe.

I intend to buy EXK, AG and RGLD when prices fall precipitously from here. This is a 180 reversal from my prior position. It must be said and I will be the first to say it, precious metals no longer enjoy the protection of being a “defensive asset.” It is being used by all of you fucktards to apply risk to portfolios.

The gig is up and your day of reckoning awaits.

NOTE: The new Batman trailer is out. As usual, it looks awesome.

Nice market rally today, other than DECK. On my eyes, should DECK defy all of the sorcery put forth by the evil “warm weather” magicians, I am going to impale all of the people who spread these disdainful lies. Seeing the stock down another 4 today makes me want to throw whole sticks of dynamite at people who are waiting to be served SHIT at one of NYC’s hot dog vendors.

Everything else is going “swimmmingly,” led by outsized gains in acquisition target MDR.

TZA is trading lower, as it should, and will be a magnificent buy soon. Patience is key when playing the market. One cannot presume to just pick up a violin, for the first time, and play Tchaikovsky Concerto No. 1. Do not assume you know anything at all, for the nature of things always catches up and presses the weak into cups to be consumed by the strong.

Having said that, I am going now, off to underwrite some X-mas acquisitions.

Let’s face some untenable facts here. The economic data isn’t that bad. Granted, warnings out of ORCL, SCHN and JOY do not make me feel warm and fuzzy. But it’s not the graveyard shit that so many doom and gloomers have been prophesying. Enjoy the respite from now until New Years eve, for it will not last.

Merkel is coming back from here Hitleresque vacation on January 5th and the world will brace itself for a very big Italian bond auction in late January. Similar to late 2007, I expect the market will rally into year end, then get stomped out in early 2012. The storm is brewing and it’s all going to be coming to a head in 2012. Get ready for it.

Having said that, I am interested in squeezing out some upside at the great expense of the bears, right now. I own a wide array of stocks, right or wrong, that are very depressed and should be trading higher soon. I don’t know if you have noticed or not, but I have not bought anything new lately. I’ve decided to stick with the few names that I own, average down in them, then cut and run.

If I were to add new names to the mix, I’d strongly consider SUSS and TEA. Both stocks are on sale and offer great growth prospects. Also, I really like GSVC down in the $13’s. Remember, both ZNGA and GRPN represented hardly anything in their VC fund. GSV is all about Facebook and Twitter, with more than 30% of their assets tied up in the two companies. Ask yourself, do you think FBOOK and TWTR will garner much excitement upon IPO’ing? These two companies will be coveted by every investment bank in the world. They will receive the red carpet treatment and, by extension, GSVC will benefit.

As for warm winters and DECK boots: 2009 and 2010 were two of the warmest winters on record here in the US. Check the fucking sales growth for DECK during those dreadfully warm winters and ask yourself “do women give a shit about weather?”

Honey badger.

This is one of the funniest videos ever created on Youtube.