Bears Dickless in Pleasant Afternoon Trading

Is that all you could muster, you filthy dogs?

I took out my gambling robe and bought some SCON in my personal, because that’s who I am. Do not attempt to stop me from achieving greatness, for I will drop atomic bombs on your face and irradiate your fucking whirlpool.

For the day, I was down 0.9%, thanks to WNR and VLO. However, I sense a shift in the scales is coming. I will most certainly be there to capitalize, dick in hand, immune from your cutting blades.

I bought 10,000 SCON.

We’re not down far enough to warrant some serious nibbling. In many respects, this is sheer ridiculousness. I am down about 0.9%, for the second consecutive day, and I have no urge to buy. Perhaps they are boiling me slow, this way I stay in the pot long enough for the big fire. Or, maybe the bears are so weak, so pathetic, that they are readying to clown, gorilla rape themselves over a barrel of uncut Colombian cocaine.

Either way, I must admit, I am not happy.

See, I have to make fuckloads of money or lose vast sums to placate the idiot in me. I can’t just make a little bit of money, or lose a “smidge.” It’s all or nothing with me, which is why I drive in a doorless car made from 100% dynamite sticks, with lit candles burning in the back seat.

For the remainder of the day, for the adventure of it all, I will be speed chopping carrots with my balls placed firmly on the kitchen counter.

Top picks: WNR, OXY, MWW

We’re not only climbing the wall of worry, but a wall of shit. Let’s call it like it is: the EU has failed. Greece, Ireland and now Portugal have been bailed out. Going with the old acronym, I imagine Spain is next, no? That’s the big one. Forget about all of this small fry stuff. When Spain fails, the euro gets fucked.

Well, until that happens, stocks should continue higher. Look at this mornings retail sales: better than expected, across the board. I told you, based upon 2012 numbers, the Dow should go to 14,000. It makes people very upset to hear that, only because they missed out on buying the bottom. When will you accept the fact that the market never deserved to be at 6,000? It was a one off event, sort of like when you dated that hot chick in high school for one week, until she realized you were a fucking dork.

HOC caught an upgrade this morning: big deal. The analysts are woefully behind the curve on the refiners. I piss on their estimates. I shit on their reports.

Having said that, I’ve been told that many of you have not been adhering to iBC’s strict dress code, when visiting this site. Remember, I am watching all of you and know exactly who is in violation of the law. When you get your face punched in with a jelly donut, don’t act all surprised and shit.

Anyway, it’s time to visit your personal jeweler (I assume everyone has a private jeweler), in order to diversify your assets. To go with your stock, bond, art and collectible assets, you should have a healthy reserve of diamonds. You can cash that shit in just about anywhere, like gold—only more stable.

During this morning, I will be ignoring the market, for it is starting to annoy me. I will “revisit” this shit around noon.

Pick one.

Stocks with market caps over $1 billion, down more than 20% over the past three months.

No. Ticker Market Cap 3-month Return
1 NETC 3,070,000,000 -34.69
2 MWW 2,180,000,000 -33.91
3 FFIV 7,620,000,000 -31.66
4 AIG 62,590,000,000 -31.20
5 CREE 5,080,000,000 -30.96
6 ODP 1,200,000,000 -27.62
7 DLB 5,530,000,000 -26.78
8 AMR 2,070,000,000 -26.45
9 NMR 17,350,000,000 -26.30
11 DAL 8,010,000,000 -25.64
12 LCC 1,360,000,000 -25.44
13 TLAB 1,940,000,000 -23.40
14 AGO 2,780,000,000 -23.31
15 AMLN 1,630,000,000 -23.16
16 AKAM 6,970,000,000 -23.14
17 SLXP 2,050,000,000 -22.90
18 HCBK 4,940,000,000 -22.86
19 CCJ 12,010,000,000 -22.52
20 WMS 2,120,000,000 -21.89
21 OMX 1,170,000,000 -21.80
22 MBI 1,980,000,000 -20.96

Today seemed like a significant day. However, it may prove to be meaningless. I am going to throw some of my notes on this here blog, randomly, not really giving a fuck about cohesiveness.

Today’s notes at the desk of Le Fly

Mean sell off in treasuries, TLT down 1.5%.
Dollar tanked and gold/silver traded up. What else is new?
Coal down, natty down, oil up and gasoline down.
Refiners reversed lower. Crack spreads off by 3%.
WTI outstripped Brent.
Financials were very strong, while oil and gas stocks weak.
CSCO was very strong, as well as BRCM.
OPEN reversed lower.
Networkers FNSR, OCLR and XXIA surged. I thought that sector was dead?
AMD up. Okay, tech was kickass.
Education stocks were up big. No interest.
Pollution control stocks were up, like WPRT, PMFG, WCN and CLH.
TEX got hammered.
Furniture stocks were up, ETH, LZB, FBN.
Ag was very weak.
Do silver stocks ever trade down?
BBBY blew away numbers. This bodes well for GMCR.

For the day, I was down 1.1%.

Tech and banks are leading the market up today, as oil and other commodities take the day off. I bought some VCLK back, after selling it higher last quarter. If you recall, they smashed numbers. Only God and his twelve elves know why it traded down after such a perfect earnings report.

I anticipate the asshole dip buyers to come racing back to oil, specifically refiners, starting tomorrow. If not, I might consider adding to them, despite their overweight status within my portfolios.

Into the bell, expect a melt up, as always. And, do not be surprised if commodity related stocks rally off of this post. Money managers tremble at the idea of taking the opposite side of “The Fly,” for I will rip their spines out and send them seaworthy.

Cordially,

Le Fly

I bought 25,000 VCLK.

Disclaimer: If you buy VCLK because of this post, the next time you go in for minor surgery, they will accidentally slate you for “sex change” procedure. And, you may lose money.

Germany factory orders is today’s excuse to melt up. On the surface, I’d like you all to lose a great sum of money, as winning is not enough for me. However, deep down, I’d like to see you make money. Like O’bama, “The Fly” is a humanitarian.

There are so many stocks on my immediate buy list now (ppt members see my immediate buy watchlist). But, I am fully invested now and content with my current holdings. However, I get bored quickly, which is part of the reason why I trade a lot.

Into May earnings, I cannot think of a better place to be than the refiners. If you are short them, you stand to lose a great deal of money, as they smash through all earnings estimates, thanks to record crack spreads. The refiners go up every 5 years or so. But when they do, the moves are persistent and mind boggling.

Prepare to be boggled.

I know most of you ignore 8k’s like the plague, mainly due to your misguided beliefs that fundamentals don’t matter. Quite the contrary.

There is an urban myth out there that says “technicals trump all.” The truth of the matter is, without fundamentals, all of you fancy break outs would fall flat on their faces. The root of all bull and bear markets are embedded in the core fundamentals of the economy. Take AAPL as an example. None of your retarded charts could foretell such outperfomance, over such a long period of time. I acknowledge the fact that technicals can point a novice in the right direction. However, for the most part, technical analysis are the childish pyramids at Giza, while fundamental analysis is Puma Punku.

Case in point: Analyst Bomber’s call in AMSC. None of your moronic charts pointed to this sort of collapse. The same could be said about my recent call on the refiners or Muddy Waters’ obsession with Chinese lottery scams. The point: pay attention to the fundies too, if you are interested in seeing the whole picture. In my opinion, technicals are just one side of the story. It keeps you disciplined, but blind to many moving parts in this market.

I am about to launch a series of new tools inside of The PPT that will give the user the ability to scan analyst estimates, high and low, as well as revenue. How can this be useful?

Well, take the refiners, as an example. Aside from low PEG ratios, nothing in the current numbers say “this is bullish.” However, if you were able to scan for projected EPS and revenue growth, then calculate a high end estimate FPE and PEG, you would be like “OMG, this is so awesome and amazing.”

In summary, “The Fly” is about to launch some pretty “awesome and amazing” shit, on these here internets, within hours. PPT members stay tuned.