Introducing The Cock and Hammer Formation

This was debuted tonight on Stocktwits. I give you “The Cock and Hammer Formation”

Set for auction at Sothebys this Saturday. Be there!

Starting bid: $95,000

Come chat with me on StockTwits at 11:30, where I will ignore you in real time. Also, I have a special surprise. I will be revealing my latest “Chart Art” exclusive on StockTwits, my take on the SPY.

I am expecting a mild sell off, after days of gains. For the love of fuck, I am up 5%+ right now.

I sold out of big positions: AG and CVI. I bought a little more CLF and started new positions in YGE and DHI.  I kicked out HOGS when it was up a buck and took a minor loss in VIT and SOHU. I am keeping everything on a short leash.

Considering my cautious stance, I upped my cash levels to 15%. I am not in a rush to sell everything, mainly due to my overweight exposure to WNR, now more than 30% of assets. I know it’s a lot and is not “safe” in the traditional asset allocation sense of the word. However, I am emphatic about the prospects of the company. Plus the voices in my head tell me to buy as much as I can whenever I can.

I am now up for the year and in a position to buy dips. Keep in mind, 15% of my assets is like everything you could possible save during your lifetimes, multiplied by a factor of 1 zillion.

Life is good and my pimp hand smacks the teeth out of the mouths of those who act against me.

On a side note, you are all cordially invited for a Q and A this evening, on StockTwits, from 11:30pm to midnight. I would do it past midnight. However, as you know, at midnight, I turn into a vampire bat and fly away.

I started a new position in DHI and added to CLF.

I posted this in The PPT last night. We are in the midst of enhancing The PPT algo on a very high level. The new algorithm identifies OVERBOUGHT and OVERSOLD stocks,  using our traditional methods and adding in the important layer of time. As you know, today’s market will be different 6 months from now. I noticed when QE2 was announced, the market started behaving differently, ignoring old, traditional correlations. Seeing this, I set out to capture this change and measure it with our robots.

UGA (Gasoline) was flagged OVERSOLD yesterday, using the 6 mo algorithm. Upon launch, we will provide users with 3,6,12 mo algorithms for identifying OB/OS ranges, alongside the current historical methods.

Sneak Peak:

I sold two big positions of mine, AG and CVI.

Buys to follow.

So the analyst at Deutsche Bank upgraded WNR this morning, with a price target of $24. Well, to that I say “it’s about fucking time.” The fundies at the refiners have never been better. On this joyous day, I find myself heavily long WNR and CVI, while taking profits on absurd Chinese stocks (HOGS).

Good Sirs and Ladies of the internet,

“The Fly” is back on a magnanimous scale, up another 4.75% for the day. Just in case you’ve been keeping track, I am back in the black, indeud.

My positioning is flawless and my swagger is incredulous. I intend to make a great deal of money in the weeks and months to come. However, now is the time to raise some cash, based upon celestial mathematics translated through divine hands.

More later.

You’re not qualified to offer “The Fly” financial advice.

I took profits on HOGS.

It successfully cleared all OVERSOLD signals today.

Prior to December: