Debt Ceiling Failure Melt Up, Mr. Retardo Robotico Style

This market is so fucking stupid; we’ll likely melt up on American default news. People will say “oh, it’s baked in and now QE3 is all but a foregone conclusion,” then proceed to leverage up on silver stocks. You can’t call yourself a serious man and be short this market. It’s either you are a fucking clown and short, or not giving a fuck about life in general, long on the most horrendous news ever.

You know where I stand.

On the eyes of the Gods, I shall see GORO, GSVC, ANR, VCLK, GSS and CRZO higher. I will play this rally like a harpoon plays weak ass fish.

For the weekend, Mrs. Fly has arranged for more hotel living. I will be venturing out into the heart of PA, in order to make great fun of their way of living. They all drive beaten down Fords and live life, as was intended in the 19th century style. I will teach them what they need to be taught, AND MORE.

To clarify my position on GSVC: it is rather large and I intend to buy more. I feel the stock can go to $24 near term and multiples higher longer term, providing they maintain shrewd investment practices. The wonderful thing about the stock market is the amount of opportunities available on any given day. If you are down in your investments, do not beat yourself up about it. Look at things pragmatically and make wise decisions, instead of emotional ones. I never try to hit home runs; I just fucking hit them.

I like stocks here, despite the cock-gobblers in Congress electing to purposely destroy this country. It’s like we are in a car with a crazed drunk driver, doing 150mph, on the wrong side of a tunnel, frantically laughing along the way. You just have to ask yourself, “how long will this fat nation accept such a mad driver?”

Nevertheless, I bought a lot of VCLK and CRZO today. I like VCLK off the GOOG numbers and CRZO off the HK acquisition. Additionally, I am adding to all of my positions here, until my exposure is up to about half. So I will sit in 50% cash until Congress ruins our credit rating, in order to allocate the rest of my money at that special moment in time.

I still like gold and have now relieved the Great Senator from Kentucky (CH) of his gold throne. Since he is playing with the mosquitos somewhere in the undeveloped Northeast corridor of the United States, he is likely without internet access. In other words, his internet penis has been chopped off and tossed into a garbage compactor. The gold trade is now mine and I like GSS and GORO.

In closing, I feel like buying today, even though we’ve reversed lower and seem to be dive bombing into a factory filled with large samovars containing highly volatile nitroglycerin.

Ask me if I give a fuck.

I started new position in both CRZO and VCLK.

Disclaimer: If you buy the above stocks because of this post, the Congress will elect to default on the debt. And, you may lose money.

There are few characters on Wall Street who I like more than Carl “give me two seats on your board” Icahn. This morning he bid $76.50 for fucking Clorox. I find that so hilarious, as if he knew how to run a large company like CLX. But that’s not the point. We’ve seen Carl evolve from buying up small bullshit companies to fucking Clorox. I hope he wins the bid and fires everyone, just for sport.

Early going, everything is in place for a monster short squeeze. BHP is bidding for HK. Carl is telling CLX to go fuck themselves and GOOG is ripping off heads and bowling with them. I will likely be putting some money to work this morning.

My personal aggressive account has gone through some ups and downs this year, mostly due to the leverage associated with the account. It started the year about 970k, shot up to 1.35mil and plummeted to as low as—brace yourself–450k. The 450k valuation occurred when WNR was sucking wind in the $14’s. I sold some WNR on a slight recovery, but held many shares until the recent spike to $18-20. Coupled with the WNR recovery, I’ve had some triple digit and high double option wins in TZA, VMW and CLF, with minor gains in others.

In addition, I recovered some lost coin in TZOO and more recently in GSVC/GORO. At the present, the account value is about 950k, about flat for the year. This account was 100k last year, so I am still way up. However, most of those gains were in my FTK position, making more than 300% on that stock alone.

I do not recommend that you mirror this type of trading, for it makes no sense in the long term. Just to clarify a few things, regarding options, the account is very small. I do not take more than $25k in exposure at one time. Also, if a position goes against me, I am very quick to sell out, knowing the rapery that is attached to time value depreciation.

Typically, I wouldn’t bother with a micro-cap $55 mill company, like GSVC. However, this little stock is unique in that they are basically a publicly traded VC fund. I fucking love that model, especially while we are in the midst of an ipo boom. Check their portfolio and judge for yourselves.

With GOOG earnings beat, I like VCLK and maybe RLOC for a sympathy bounce. Maybe tech rebounds on these numbers. Either way, I am not a buyer, just yet.

Kind Regards,

Master Chef Fly

Hilarious
[youtube:http://www.youtube.com/watch?v=FzmAEQzZJ5Q&feature=player_embedded 616 500]

[youtube:http://www.youtube.com/watch?v=-fU6VLVbA2A 616 500]

The market is not well. Technology stocks are in the pits and people somewhat apprehensive about the cohesiveness of our government. Because of these headwinds, AND MORE, I’ve opted to sit on the sidelines, for the most part. Even so, I’ve taken the liberties to steal treasure from the hands of JAKEGINT, in an effort to “out-gold” him. Thus far, my largest gold positions are GSS and GORO. It’s worth noting, the great Senator from Kentucky has vast fortunes tied up in the yellow metal, as well as silver. He’s been Mr. Robotico for as long as I know him, delving into miners for sport.

ALL GOOD THINGS MUST COME TO AN END.

Starting several days ago, the iBC Construction and Demolitions Company (IBCCADC) started burrowing tunnels from my residence to his. Granted, we are talking about 650+ miles of tunneling. However, the job must be done. Upon completion, we will empty his stores and transfer it via underground railways to my garage.

Having said that, I am about to venture off for the day, at the urgent requests of a Mrs. Fly. It appears there is something of great urgency plaguing her, which can be remedied at the local shopping centre [sic]. To be honest, as opposed to flat out lying to you, I have nothing better to do. I am 70% cash, long GSVC, GORO, GSS, ANR, as well as a few others, and that’s it. I intend, if I might be so bold, to purchase your margin liquidations.

Should the market dive to 12,000, I will get aggressive. Until then, “The Fly” is all about burrowing tunnels, playing defense and spending money and stupid shit at the fucking mall.

NOTE: If you are not reading The Analyst Bomber by now, you are doing yourself a great disservice. One of my favorite reads anywhere. Sharp as a tack.

I bought 30,000 GORO and added to my burgeoning GSVC position.

Disclaimer: If you buy the above stocks because of this post, gold will be considered money and drop by 50%. And, you may lose “money.”

So we didn’t plunge today, as predicted the roaming bands of Twitter ghouls last night. And, we are not soaring, despite the robust open. We are just sort of “meh’ing” our way through the session. If I might suggest, this is a perfect market to be in cash.

Nevertheless, I do have a very large amount of cash to put to work, perhaps a bit too much. I will be buying one stock today, in decent size, with the great hopes of seeing it sprint higher shortly thereafter. As told before, I do not have an appetite for anything but gold. In the words of Barack Obama, let me be clear: I’ve taken the gold from the hands of Senator Gint and called it my own.

In short, I am not liking the market here, nor am I hating it. This is not the tape for me, so I will wait around for things to get better.

You just know Congress will not come to terms on a debt ceiling deal. All of the bureaucracy, all of the red tape, all the dissent will come home to roost with this topic: government versus private.

On one hand, the dems believe it is their God given right to spend America into insolvency, providing union leaders get warrants on the “new America.” On the other, the GOP wants whatever the fuck their corporate sponsors ask them for, in order to “help businesses.” Well, they’ve helped business export the fuck out of here, rather nicely, over the past 10 years. Let’s not forget, it was the dicksuckers under Bush who really transformed the entire country into Detroit.

Stuck in the middle are the many, you and I. Because we’ve been taught to be civil and to obey authority, we let them squabble as the nation burns. We let them take away our guns, in order to stop those crazy guns from killing people. The liberties this country was founded on have been trampled, in hundreds of different ways, all for the sake of “safety.”

The debt ceiling topic is yet another “safety” issue, where Obama and co. just want to kick the can down the fucking road, in order to let Mitt Romney deal with this shit. Let me tell you something right now, I am fed up and want the US to default. Fuck it. They are so God damned stupid and incompetent, they deserve to oversee this nation crumble like a coffee cake, all thanks to ineptitude. They are the lowest of the low, the dumbest of the dumb, wearing the largest asshats in all of the lands in America—combined.

Everyone is so concerned about Greece, Ireland, Portugal or Italy failing. I say we give the world something they’ve never imagined or seen before: a $15 trillion default on all obligations, while spinning Budweiser, umm I mean Inbev, beer cans on our middle fingers, saying “a fuck-a you.”

I’ll be fielding questions tonight on Stocktwits, from 11:30-midnight, under the $FLY stream. Be there, or be considered to be a belligerent homosexual.

Wow, how absurd. After giving into market forces, selling out of my TZA/EDZ, the market went straight the fuck down. I’m not really mad, since it is expected. After all, nothing has changed but the date and our Congress is still littered with people like Maxine Waters. Having said that, I need to respect the hybrid and assume we will trick higher, by hook or crook, until we over heat. Nevertheless, I am not playing this market with any real coin.

At the moment, I am 75% cash, following my ANR purchase. I see GSVC reversed and is now eating pavement. This is to be expected with small float, high risk, equities. No pain, no gain.

My largest personal is GORO. For managed accounts, my top three are GSVC, GSS and ANR. However, keep in mind, they are all really small in the big scheme of things. I probably won’t fully commit to this market until we get a large sell off. I am very much interested in another “flash crash” of sorts. Bond yields in Europe are so high, save Germany. And, Greek debt will need to be dealt with again in September. Can you say “seasonal crash?”