Fly Buys: AKS, CVI, GSVC, GMXR

With the proceeds of my earlier sales, I bought AKS, CVI, GSVC and GMXR. CVI was my largest purchase.

I sold out of RGLD, NGD, BZH and EXK. I kept AG.

My WNR caught an upgrade this morning. My only regret is not making it a top 5 position. On pullbacks, I am going in large.

The unemployment rate dropped to 8.6%, much to Rick Santelli’s chagrin. Fuck all of you people who are lamenting over this market powering forward. You are a disgrace to humanity and should receive a dick-chopper guillotine for Christmas.

My LULU got upgraded too and is ripping tits–no pun intended.

Moving on, gold and silver make the most sense here. QE3 is coming. As a result, the dollar will get dragged in the mud. The European crisis is subsiding. Yields are dropping sharply, with Italian 10 year around 6.5%. When it gets under 6%, short sellers are going to regret the day they were born. In other words, rumors of DEFCON 3 has been greatly exaggerated.

With regards to GMXR: please don’t jump all in on this one. As the year winds down, expect tax loss selling on giant losers like GMXR to hit shares. I am going to buy it methodically. There isn’t any catalyst in the short term that will drive the shares higher. It’s a play on survival and if they can turn it around. Consider it a 10x upside ETF on UNG.

Thus far, for the day, I am up another 1.9%. I cannot believe I am only 2% away from my annual highs. I was dead last week and now I’m cutting heads off and using their skulls as ash trays for my cubans.

I finished the day +.01%, which is a miracle considering a top 5 position of mine was down over 14% this morning. But as the Gods spoke throughout the day, I began to bowl on you bitches who were betting against me–settling LULU down just 5%. To offset that, my WNR grew longer and AG sprinted forward.

The market is about to do the “Carl Lewis” here, roasting the stomachs of fucktards who support erroneous views. That’s right, I’m talking to you.

I started a position in GMXR today, buying 100,000 shares. It’s a speculative play, like FTK. They have enough cash until 2013. Until then, they desperately need the price of natty to rise and seamlessly transition from a natty exploration company to oil. Their properties at Bakken and Cotton Valley are rich with oil. It’s just a matter of time now, Will they have enough time to build up production and turn cash flow positive? The world is watching. I will do more work on this sucker and report my findings, down the road.

All in all, today was even better than yesterday’s 500 point decapitation. Can’t you hear the pain-train coming? Put your ears to the earth and listen for the rumbles.

Up we go.

Congratulations on the splendid quarter, LULU. Never mind the pesky Americans who wanted you to make a measly $5 million more. Fuck them on the Lincoln sword they rode in on. Oh, I forgot, the vagrants stole that sword and melted it down. Canadians would never do such a thing because they are rich as fuck and lack the low-life mentality most often exhibited by the American working class.

As an aside, I love how your tight ass pants cradle my balls.

After hearing the fine, yet monotone, gentleman CEO on LULU’s conf call, I’ve decided to keep the shares. I am down 20% from my cost basis and absolutely loving it.

Moving on.

Shares of WNR are working higher this morning. I like how the stock is acting. The refiners are inexpensive and could be fantastic buys down here, IF margins expand again. The operative word is “if.” I believe spreads will be 25% higher by Spring.

Everything else I own is edging higher, limiting my losses to just 0.5%. I thought today was gonna suck major cock, seeing LULU getting fucked. However, thus far, it’s ripping tits.

Off to eat some Canadian bacon, deer testicles and moose face.

http://www.youtube.com/watch?v=xmO-PUJ8cJE

First, WNR sold that fucking albatross of a refinery at Yorktown and another pipeline for $220 million. On paper, it’s a $450 mill loss. However, that loss has been factored into the share price for years. They made a bad acquisition and now it is over. For their troubles, $220 mill falls onto their balance sheet, not a bad thing. The problem with the refiners is the price of gasoline. It is compressing as the price of crude rises. This has squeezed margins and the trend is lower. Buying here is a dice-roll, betting that margins will expand going forward. While I believe WNR is cheap, I am not so sure about gasoline demand and as a result would avoid making WNR a top 5 position. Should 321 cracks start to trend up again, I will add to the shares.

Now for the cocksucking LULU. Nothing good comes from Canada. First there was RIMM, now LULU. Many of you warned me about LULU; but I chose to ignore your sagely advice. As a result of my blindness to this high multiple piece of offal, I stand to take losses on LULU today. This really hurts, following the revival I enjoyed yesterday. It is not a small position and this downtick into the depths of hell fucking hurts. The only logical thing to do is cut the arm off before the gangrene spreads to my fucking face.

With the proceeds, I will leave in cash until I have an actionable trade.

Don’t expect the market to take off from here. There are bearshitters everywhere, talking down prices. BEWARE and avoid gambling on homosexual retailers.

Great show, if you are unfamiliar.

The bears lost it all today. This is the day everything changed, with regards to Europe. The central bankers, specifically the Fed, has reminded you once again that they are not interested in ceding power. The market can trade lower on fundamentals. But the prospect of the euro collapsing is zero. Forget about your bitter dreams of blissful calamity. We are now sledding, 250 mph downhill, cutting off heads on the way down.

Into the pocket of opportunity, I will remain long AG, EXK, NGD and RGLD because I know how the market works. I will remain long LULU, AKS, RBCN, GSVC, BZH and WNR because I know how the market works.

This week, thus far, I’ve recovered millions. Today’s gains were an eye popping 6.2%, putting me above 12% for the year.  I was down for a minute or two; but now I’m resurrected–eating brains all the way to the bank.

2012 will mark the ascension of Le Fly, through the establishment of a hedge fund. Unfortunately for you, none of you will be invited.

Bernanke laid the perfect trap for you bitchasses. He knew S&P would move on the banks. He didn’t say a word until they made their move. Like the true chess master that he is, he defeated S&P before they started their assault on the US banking system.  In the after hours last night, short sellers went all in, hoping for the worst, expecting tragedy.

Bernanke exacted maximum pain on your bullshit brokerage accounts by dropping the hammer on you “DEFCON 3” brainless, dickless know nothings–precisely at the time you were caught leaning hardest. Sublime.

The time for your disposal is now. People have had enough of your haphazard advice on CNBC. Resign from your post now and enjoy your retirement, old man.

I’m speeding through time today, up another 5%, making that +11% for the year aka better than you.

The gauntlet has been laid down and the competition isn’t up to the task. Shhh, don’t comment here on iBC today. Don’t tell us about your average ups and don’t post your thoughts. This is your funeral.

Enjoy it.

I bought 30,000 AKS