Good News

People are losing their jobs and the dollar is diving into the black abyss. On that news, I expect rampant lotto activity today. Despite Europe being down, I fully expect idiotic QE2 fueled buying today, ahead of tomorrow’s BEARDED CLAM speech. Now, in the event we trade down today: “The Fly” will kick back, relax, and drink pina coladas all day long. There is never a reason to worry in America, for this is the land of FREE LUNCH and jackass political parties.

As an aside, YHOO must fend off any retarded overtures by AOL. The morons at AOL timed the top in the market, back in 2000, via buying Time Warner. Without a doubt, they are trying to jinx the market, yet again.

ALL ATTEMPTS TO JINX THIS MARKET MUST BE “FORKED” ON SITE.

(Chess-n-Wine displaying winning lottery check)

Today’s Chinese Lotto winners were:

JOBS, CCSC, PWRD, NOEC, ZNH, SHZ, GRO, KH and HTHT.

Please play again tomorrow.

Note: this blog was paid for by your Chinese Overlords.

I bought some AMKR and GS today, because I can. My cash reserves are all but depleted (7%), thanks to my recent buying binge—fully acknowledging the markets magical powers with regards to clams with beards. Unfortunately, The PPT is registering the highest score of this rally, at 3.18, making it the first real OVERBOUGHT signal of this cycle, thanks to 75%+ of large cap stocks being rated buy or higher.

What does this mean?

Most likely it means we fishtail higher. Do you QE2? I most certainly do; thank you very much.

I’m highly dysfunctional; I realize that. Put “The Fly” in a room with stocks and a dozen cold callers: there will be blood.

The good news is I won the CHINESE LOTTERY today, via large position in PWRD. Did I sell into a 13% melt-up? Of course not, you brainless idiot. I want another 13% tomorrow, so that I can buy new rims for my car. My dart throwing skills are greater than anything you can imagine. One day, I will do a video, displaying my dart throwing accuracy, in “difficult” markets, such as this.

On a serious note, if I had a dog’s brain, I could make money in this tape. Wait for the top and embrace the elevator ride down, you little trollops.

UPDATE: PPT closed at 3.08 aka NOT OVERBOUGHT

Good Sirs,

I am here to teach you my methods. I, unlike all of you, am an investment genius. My skills are far and above anything you can fathom, sort of like the non-union laborers at Puma Punku.

As you know, over the past month I, quite stubbornly, placed 25% of my assets in VXX. The rest of my money was held in treasuries/cash. HOWEVER, since late last week, “The Fly” has transformed himself into “an investment genius” again, using a very specific and secret style, not so much different than those Chinese guys doing karate on the teevee.

Over the last week, I am up 17.5% in HRBN, 7% in HEAT, 13% in PWRD (today’s lotto winner!!!) and 15% in FTK. Do you know how I did it?

I took a bunch of charts and crumpled them up real good. I threw said charts into the garbage bin outside and lit them on fire. Out of all the charts (100’s of them), THE ABOVE NAMES WERE UNSCATHED!!! That’s right, folks. I placed fire onto paper and it had ZERO effect on the above names. It’s almost as if the stock Gods themselves were protecting them. So, without hesitation, I bought them with great vigor.

Here I am now, 100% placated and content with my position.

As an aside, there are many Chinese LOTTO winners today. Be sure to tune in this evening for the announcement of today’s winners.

Into le bell, I like inflammable charts and all things to do with QE 2, ya’ll.

Upping my tech weighting here, I swapped out of AKS for some AMKR.

Disclaimer: Everyone wins.

Corn prices are up 17% over the past three days. Carl Icahn is trying to milk the vampires at Blackstone, via taking a DYN stake. And, finally, stocks are going to throw bears into lit fireplaces this morning, as the idea of QE 2 continues to permeate the minds of the deviants on Wall Street.

As an aside, I used to wear “Chinese delivery man” business shirts, that were substantionally smaller than what was needed. They were tight white shirts, short sleeves, donned with polyester stripes. Picture white polyester stripes over white cotton, zero sleeves, and a pencil thin dollar sign tie. Oh, let’s not forget, I once had to borrow Grandpa Fly’s shoes, which were like 5 sizes too small, literally. All of this fine attire was used for my first office gig, when I was a summer intern.

I never worked for Mcdonald’s, like most of you nerds. “The Fly” was conducting business, ever since he was a teenager, albeit dressed like a complete imbecile, replete of any style or cachet.

Fast forward 20 years and I play Chinese lotto at work. There is a certain poetic irony to my life, which, coincidentally, is still better than yours.

I am all about “Gretzky House” living.
In closing, let the games begin!

(The Fly and Ragin’ Cajun showing off their winning lottery tickets)

Today’s CHINESE LOTTO winners were:

CTDC, XSEL, NOEC and KONG.

Please tune in tomorrow and remember to always play Chinese Lotto. Remember, you’re not really poor if you have enough money to play Chinese Lotto.

Note: this message was paid for by your Chinese Overlords.

I am enjoying my recent forays into the land of ignorance, joining you monkeys on the long side. It doesn’t take a rocket scientist, or some fancy charts, to throw a few darts at the wall and make money. I bought some more stocks today. Out of all of them, MERU, FTK and HEAT are my favorites. I’m interested in short squeezes and things of that nature. You are interested in charts and squiggly lines. I spit on you.

Do understand and realize, the higher we go, the faster we will drop. It’s very nice and pleasant to sit here, as the balmy market winds caress my face, gingerly dropping $1,000 bills on my desk. Very soon, the winds will be filled with black smoke and bustling metal. When it happens, “The Fly” will be prepared. Until then, I am very busy throwing all available cash into retarded stocks, some more retarded than others.

NOTE: HRBN is still a great arb play here. What is your borrowing rate? After you figure that out, does it make sense for you to lever up and wait for the deal to close (most likely 6 months)?

I bought 30,000 shares of both MERU and PWRD at these levels.

UPDATE: I bought another 30,000 HEAT

Disclaimer: QE 2in’

Yes, I added to FTK, reducing my basis to $2.08.

With a short position of more than 20% and U.S. rig count through the roof, coupled with 25% sequential growth, I like my chances.