iBC Several Years in Review

Many of you new jacks on this site have no idea who “The Fly” is, with regards to his pedigree and stock market prowess. Over the past 15 minutes (I read at a 800 word per minute rate), I reviewed some of my posts on FlyonWallstreet.blogspot and here, dating back to 2007. First of all, let me say this: if possible, I’d like to travel back in time and punch the ears off of that jackass who was scribbling shit here, claiming to be “master and commander of the internets.” Happily, I declare to that wretched Fly of 2007 that “I am, indeud, the only true and living master and commander of the internets.” Moreover, I can’t read too much of my old writings without getting a headache. I must have been hopped up on some plutonium powered mustard gas or some shit.

But the facts remain: yes, I nailed the crash of 2008-early 2009. And, yes, I nailed the reversal in 2009, making over 60% in ’08 and 90% in ’09.

All of that is besides the point I am trying to make. Sometimes, due to the inadequacies of  internet communique, my message gets drowned out by the sound of hookers howling in the dark. Most of you are not very sharp and often times get distracted by silly pictures and/or the hairs on your balls. You throw your entire life savings into the market and try to hit grand slams on a daily basis, as if this shit was little league with the bases loaded all the time.

As much fun as you may think I am having here, this is not a fucking game. I spend 18 hours per day studying ways to get better and it’s not enough. There are always trades that could have/should have been made and losses that should have been taken. The stock market is an exercise in imperfection, where one asshole is pitted against the other to see who’s worst. Every so often, a real winner emerges and he is lauded as the next Jesus Christ, thorned crown and all.

Aside from the jokes and the adolescent banter, I am trying to cultivate a culture here that cannot be duplicated elsewhere. A corporate work ethic with an independent/entrepreneurial spirit aimed at dominating the stock market, rendering all other financial sites/services obsolete. I’d like to think I have a solid staff of writers, who are able to navigate any market. But the truth of the matter is, some are better than others and some do not belong here at all. Remember: it’s work ethic and market prowess that is required, not once a week posts of how awesome you may or may not be. I will dip you in fire and spit out your liver (yes, I am chewing on it).

Having said that, I am interested in bringing on another blogger, or two, into the fold. I would like nothing more than to offer a tab to a responsible and professional trader, one who isn’t looking for fucking hand outs. Once again, if you’re interested, post your thoughts and trades in the Peanut Gallery. If you stand out, you might be selected. Most of iBC’s bloggers were chosen from that forum.

Finally, the markets are in the process of digesting recent gains. I do not expect much volatility in the near term and will stay long until proven wrong.

Have you ever eaten a teevee dinner? Let’s take a turkey teevee dinner for example. You have the turkey, the dumbass potatoes, the chocolate cake and the cold, halfway frozen, peas and carrots. That’s what you are to me: peas and carrots. Don’t act like you are the chocolate cake; cause you’re not. My whole day is ruined, thanks to late day reversals in SOHU, MOTR, and PWER. It doesn’t matter that I was up on the day and these stocks made me money. The fact of the matter is, I hated the way they closed.

Therefore, as a result, my whole fucking day has been ruined and I will not begin to lament over how stupid those stocks are for selling off.

My largest position, OXY, did great, closing near the highs. However, I really had my heart in SOHU, MOTR and PWER.

Fuck the three of you, backwards, sideways, and every which way but loose.

Zerohedge ran a story on TSTC and the stock is down 30% on that news! On face value, the story seems to be well thought out and coherent. But to drop it 30% based upon unsubstantiated internet jargon? Holy shit these Chinese stocks are snowmen in the Amazon. Taking the other side of that story, without having one single fact, I’d be very careful taking the advice of anyone, like ZH, who has an ax to grind. As you well know, the only ax I have to grind is on the heads of my enemies.

The market just vomited up all of its gains, led down by CRE and retail. However, to be fair, many sectors and stocks are still green, especially mine. Thus far, 2011 has been one giant jerk-fest. We’ve been unable to go anywhere, up or down. The thing that worries me about this type of action is that it is accompanied by euro-trash debt worries. Nonetheless, Mr. Bernanke and his perverted friends have our back. Like I said before, like organized religion, it takes a little faith and a lot of crazy to believe in this shit. I will have you know, “The Fly” has all of the prerequisites, and MORE, to qualify as a cult leader for this market.

Try not to get sucked into fucked up vortex’s, as this type of intra-day bullshit tends to coincide with epic headfakes. I am not basing my investment philosophy over 1-2 hours. I fully accept losses and expect to get some wrong. But at the end of the day, I win at a criminal rate and there is nothing you or your stupid friends can do about it.

Top picks: see prior blogs.

I am trying to brain wash all of you, by purposely blacking out all of the negative news stories from my commentary. Take it from the guy who gave back over $5million on a VXX trade gone awry last year, all that matters is what’s in front of your face. For the past few months Chinese Lottery stocks have been getting poleaxed, until recently. Expect the shares of Chinese fuckery stocks to take-the-fuck-off, going into Chinese New Year’s. The year of the rabbit will bring splendour [sic] and decadence to the rural farmer who tossed his life savings into the lottery aka the Shanghai composite.

Names like NTES, SOHU, SINA, PWRD, CAAS and EJ are cheap. In addition to that, names like HRBN, JST and PUDA will splish and splash all over the place, making people rich and poor in the process. You simply need a little guidance and mathematical precision (think PPT).

Shares of MBI are taking the fuck off, alongside a host of many others. Former bankrupt entities are all the rage, take a peak at AIG and SIX lately. And, let’s not forget C, CIT, LEA, GM and BCS.

No one loses, at least not now. If you are still short the market, all wrapped up in burlap, you need to have your head examined. I don’t like what’s going on. But my job entails navigating the market to make money, not making a stand based on ideology.

Get past the emotion.

Top picks: UTA, SOHU, MOTR, HRBN, GTE

Aside from UTA and MOTR, I bought HRBN and GTE.

UPDATE: I added 10,000 SOHU

Disclaimer: If you buy the above stocks because of this post, the CFO of your largest position will resign after the bell. And, you may lose money.

The Japanese are one crazy people, offering to buy 20% of the shit coming out of Europe. As spreads blow out in Belgium, Japan is offering to buy 20% of Euro-land bond offerings, which is amazing considering they are levered 200% debt to GDP. It’s like the news accepts absurdities for reality and does not question the logic. But then again, it doesn’t really matter now, does it?

The beastly monsters who are shorting this market, frankly, have no idea what they are getting into. For example: let’s take a peak at the automobile industry, shall we?

One could speculate that the financial crisis was the best thing that happened to Detroit. It’s not a coincidence that F is at new recent highs and all of the automobile parts markers are soaring to new highs. Several years ago these fuckers were dying, even though they were selling 15-16 million cars per annum. Now, they are selling 11 million and making a mint. They fired all of the losers and slashed capacity. I believe GM is operating at 60% capacity, compared to just 3 years ago. The industry adjusted and is ripe to make absurd amounts of coin during this up-cycle. I made 15% on my AXL trade in about 3 days and it ran another 10% after without me. On any pullback, auto related stocks are a buy, especially parts makers.

Solar stocks are a buy too, presciently pointed out by Ragin’ Cajun. The sector is so beaten down, many of these stocks can run 25-50% from here and still be considered “value propositions,” providing oil keeps chugging higher. It is my belief, oil will eclipse $100 and run to $120, before collapsing.

Everything is a trade. You just need to get your timing down, you dumb, grotesque, goat fucker.

Top picks: PWER, SOHU

UPDATE: I sold RLOC and CTCT. And, I bought MOTR and UTA

Forget about of them old time companies, with boring balance sheets and conservative accounting practices. Go get yourselves a nice NASDAQ stock with ludicrous gross margins and ride that puppy all the way to Elysium. Or, if I might suggest, how about trading them for a quick 10-20% profit? Small double digit sized profits will not upset the communist sensibilities of your local magistrate and will help a great deal, with regards to feeding your family, during the next apocalypse.

Southern Gentleman Fly (SGF) sold out of his FAZ today and exchanged it for some Chinese wares: SOHU. Additionally, he took a mighty fine nap this morning, one that will help him bank even more coin tomorrow, believe it or not.

With 10 minutes left in the session, I am up about 1% today, led by gains in PWER, PH, GTE, JOSB, BBRG, SFLY and MOTR.

Back to cookin’ my afternoon kettle of buttery grits.

I made SOHU my largest personal position. And, I ditched FAZ in the process.

After several hours of hard work at sleep aka “going in sieasta in Mexico,” “The Fly” awakens to a much better situation. No longer are the shingles falling off the roof onto the brand new Benz. Now we have ourselves a standard, yet ordinary, nonsensical POMO induced Fed rally, indeud.

Shares of PWER, JOSB, BBRG and PH are performing admirably and the FAZmobile is flat. Once again we feed them cake, as the caviar gets passed around the table, one gentleman at a time.

Into this resurgence, I like MOTR, SFLY and even CRIC. As a matter of fact, I may need to eliminate my silly hedge, for we are going higher.

By the time you finish reading this post, “The Fly” will be snoring like a baby who just finished smoking a Cuban cigar.

We’re due for a pullback. Okay, are you happy? I’m not going to “fag the fuck out” on one small drop, after such a fanatical melt up. I have my own set of issues to deal with, all pertaining to back office bullshit. Long story short: aside from select tech, stocks are pulling in just a little. If I may be so bold, I suggest you walk away from your monitors, in exchange for something fun—like a nap.

Goldman upgraded my PH to a buy from neutral this morning; but the effects are muted. I am enjoying minor declines in just about everything but FAZ, PH, PWER, FORM and JST.

Off to take a rich man’s nap.

Ciao (the most annoying form of goodbye, worldwide)