Fly Buy: ANR

I started a new position in ANR.

Disclaimer: If you buy ANR because of this post, Maxine Waters will become President. And, you may lose money.

I think it’s safe to say the OVERSOLD flags in The PPT worked again. Therefore, I will discuss my current strategy.

As you know, I opted to sideline myself, mainly due to my aversion to risk. However, The PPT nailed the OVERSOLD range to the day, yet again. With that in mind, it is safe to assume, judging from past oversold cycles, we are heading back to OVERBOUGHT. If so, all of my TZA calls and EDZ shares will depreciate. Therefore, I closed out of those positions and now find myself long only.

Greece just caught another downgrade by Fitch. Big fucking deal. I think it’s fair to say, investors couldn’t care less about credit risk or debt ceilings. I have one stock on my buy list, which will be bought shortly. However, I am most likely to remain at least 75% cash until some of these credit issues are resolved.

NOTE: I will revisit my TZA calls when PPT flags OVERBOUGHT.

Rep. Al Green, Texas

“Would you kindly stop buying silver? It’s making me nervous.”

Kind Regards,

Fucking Werewolf

As you were.

I bought GORO and GSVC.

NOTE: I sold out of my MWW position. Cash stands at 82.5%—retard style.

Senator Gint (CH) is correct. The gold and silver bandwagon is a coveted one and he is the jockey. Watch him whip his Kentucky horses until they die, long a variety of precious metal stocks. I am simply moonlighting, here for the money then I am gone. My treu passion lies in other industries, separate from the homogenous thinking of the doom and gloom crowd.  However, for now, I am emphatic about gold, long GSS—liking a variety of other names as well.

None of this shit means anything to me, considering my 80% cash position. As the market melts up today, I lie in the tall grass waiting for a small doe in a wheel chair to lose focus.

The stock action is great. Investors are buying the dips and selling the rips. Apparently, the Italian crisis is not important and the Bearded Clam is firmly in charge. At the same time, semiconductor names are missing earnings expectations by a fucking mile. Hat tip to Analyst Bomber for calling it. He was right and I was wrong.

In closing, I am not buying into this rally just yet. I am playing small and keeping my eyes fixated on CDS spreads.

I’ve been at the grill a lot these days, some good, some bad. When I fuck up, it is always negligence on my behalf. For example, tonight I took about 45 minutes preparing a mean marinade for my chicken. It was a balsamic and herb marinade that was sure to impress the family and perhaps some of the neighbors. Unfortunately, I didn’t feel like babysitting the grill, since my yard is plagued with mosquitos of barbaric proportions.

I visited said chicken every 10 minutes or so. I had no worries about a grease fire, since my marinade was without oil and my BBQ is brand fucking new.

Big fucking mistake.

The lighting in my backyard was off, due to some fucked up electrical issue that will be dealt with tomorrow. From a distance, I glanced at a bright orange color emanating from my stainless steel grill. I said, “Whoa upon said orange person that touches thy chicken. I will slay thee with great force of 1,000 lions.”

I flipped open the bullshit grill and the flames nearly melted my face off. Gingerly, I had placed a few cute lemons on the grill, in hopes of squeezing them onto my herbalicious chicken.

FUCKING CHARRED BEYOND RECOGNITION.

I had to rush inside and fetch a bottle of salt in order to douse the flames, before they burned down the whole fucking yard and maybe a house or two. I will have you know, Mrs. Fly was quite concerned over the status of her palm trees, as it is summer time, which means “the yard goes tropical.”

When the flames were suffocated and the chicken was procured, it looked like this:

Actual photo of Chef Fly’s dinner

Upon entering the house, I told the family, consisting of three hungry children and one angry wife: “dinner is served.”

I am sure my money will be invested in a variety of industries inside of a few weeks. That’s just the way I roll. However, for now, the only industry that makes sense is gold. It’s worth noting silver has become a playground for speculators and is less reliable. Although the potential gains in gold are less attractive, so is the downside.

I do not like stocks here, save GSVC. I bought GSS on the prospects that QE3 may become an option. Look for the Fed fuckers to talk it up during next month’s meeting at Jackson Hole.

For now, I am long TZA via calls, EDZ (small size), MWW, GSS and a few other small dicked positions.

My cash position is 80%.

I bought 100,000 GSS.

Disclaimer: QE3 may be coming.

I am in great, barbaric danger of allowing my brain get in the way of making coin. It’s embedded in my head that the market will not be able to bail out Italy and Spain. However, equity prices tell a different story. Put the macro stuff aside, this is a buying opportunity. Pardon me while I vet out my feelings in real time.

My EDZ is higher and TZA is hardly down. My little GSVC made 5 acquisitions today, all well known private companies. Don’t look now, but GSVC is becoming the one stop shop for playing the private equity market, and the as an extension, the booming ipo market. Hypothetically, GSVC could double and still be considered a “value”, when considering their business model is unique to the equity markets and is without competition. Stocks like KKR and BX do what GSVC does, but much, much bigger. Hence, the upside is less. Naturally, there are two sides to the coin. Should the U.S. equity markets freeze up, the ipo market will shut down, alongside GSVC’s prospects.

I am still hanging onto MWW, if only by a thread. With the Italian 10 year near 6%, and $2 trillion in debt, I am having a hard time buying stocks here, despite the decent price action.