Fly Buy: VXX

I bought 10,000 [[VXX]] in the $19.20’s.

Okay, let’s hear about how terrible VXX is, with all of its fucked up contango.

Greek 2 year notes are now yielding 11%. Can you say default? I thought the EU was bailing those fuckers out? Apparently, according to the laws of reason and democracy, it is impossible to bail out the Greeks. The Gods shall not allow it. Think of the austerity plan as some sort of fucked up Trojan horse. The Greek’s are onto us western types and will not allow said Trojan horse into their city circle, for they invented the Trojan horse and know better.

Even still, the market is hardly down. [[VXX]] is running higher and [[TLT]] is up again; too bad I sold it. But, I could not hold onto those fucking bonds for another day. I was losing my mind being stuck in that boring cocksucker. However, I still believe we are due for some sort of correction; hence the reason for my over-sized cash position. As always, I intend to buy your margin liquidation.

Chinese related stocks are getting hit, as well as metals. This is a very big development. Like I said, the market cannot advance without the metals. Stocks like Reliance Steel & Aluminum [[RS]] , Nucor Corporation [[NUE]] and United States Steel Corporation [[X]] are being taken to the fucking woodshed.

Finally, with my money, I like Fuel Systems Solutions, Inc. [[FSYS]] , TriQuint Semiconductor [[TQNT]] , Johnson Controls, Inc. [[JCI]] , The AES Corporation [[AES]] and [[MTA]]

That’s the way I see it, right now. With large percentage gains being doled out daily, it no longer made sense for me to be defensive when I could easily trade in and out of The AES Corporation [[AES]] for a quick 5% gain, if I so choose. For now, I am in accumulation mode, with The AES Corporation [[AES]] , TriQuint Semiconductor [[TQNT]] , Fuel Systems Solutions, Inc. [[FSYS]] , Johnson Controls, Inc. [[JCI]] and Southwestern Energy Company [[SWN]] are my main targets. My [[VXX]] position will remain as a retarded insurance policy against my space alien magician ways.

While you are over there trying to bet against me, I sit here laughing at you, for you are betting against nothing. It’s all a mirage, Mr. Quixote, as you race towards windmills and talking pelicans. I am still long my entire [[VXX]] position and I still have a monstrous cash position. The only difference between yesterday and today, I am long a fuckload of several stocks that are all advancing to the upside, save Fuel Systems Solutions, Inc. [[FSYS]] .

You need to remember something and remember it well: I’ve been banking coin in this market for over a decade now, with very little disruption. Every so often, I take a break, in order to feed into my many paranoias. But, generally speaking, I NEVER FUCKING LOSE.

Now I can see why you would be tempted to bet against me, since I am vastly superior to you in all facets of life. However, please remember, “The Fly” doesn’t hate you. He is just indifferent to your plight and couldn’t care less about your “new and improved investment strategy.”

As I sit here, munching on a salmon sandwich, crunching on a few chips, I am reminded of last night’s Fast Money, when I could not hear a fucking word they were saying because I was chomping on some chips. I was chomping on some chips then and I am chomping on some chips now, as the mustaches on my enemies faces grow larger.

In summary: bet against me; lose your fucking house. Watching teevee and chomping on chips is a bad idea. And, “The Fly” is going to win again, whether you like it or not.

I bought 5,000 Southwestern Energy Company [[SWN]] under $41.50, 30,000 The AES Corporation [[AES]] under $12, 10,000 Fuel Systems Solutions, Inc. [[FSYS]] under $32.70 and 5,000 [[MTA]] under $20.35.

Disclaimer: If you buy the above stocks because of this post, Hungary will nationalize [[MTA]] just prior to them paying out their annual 9% dividend. And, you may lose money.

Quick update, pertaining to yesterday’s moves.

My allocation is now 15% [[TLT]] , 8% [[VXX]] , 30% cash and 47% equities. Effectively, I am now positioned to be slightly less boring than before. Over the next several trading sessions, I will be reducing my cash and [[TLT]] position, in order to mark way for egregious equity holdings. I have many ideas in mind, most of which shall be played out here—live—on the fucking internets.

Generally speaking, I feel, as always, you are a low form of human life, most comparable to offal or “yard trash.”

Just in case you are wondering why I sold 50% of my [[TLT]] position yesterday, as opposed to 100%, please check current quotes for your fucking answer.

Off to go reallocate.

Top pick: The AES Corporation [[AES]]

UPDATE: I sold out of my [[TLT]] position, at a profit plus 2 months worth of dividends, in the $90.30’s.

Back at Mr. Devildog’s office, Samsonite is give a task.

I Want My Very Own Tab

I sold out of 50% of my [[TLT]] position and started to reallocate said assets into stocks.

For the day, I bought bountiful amounts of Johnson Controls, Inc. [[JCI]] , Fuel Systems Solutions, Inc. [[FSYS]] , The AES Corporation [[AES]] , TriQuint Semiconductor [[TQNT]] , Flotek Industries, Inc. [[FTK]] and a little Eastman Chemical Company [[EMN]] .

I have a list and will be checking it twice. I do not expect to make a killing, buying up here, after a monster run. However, at the very minimum, I expect to outperform the snail paced [[TLT]] and retarded money market accounts.

In short, I am done with “The Hugh Hendry” despite its grandiose reputation in the burlap community. I am a trader, a mover and a shaker of sorts. I cannot and will not sit idle, watching you fucking morons bank coin, while I marinate in dust.

I changed my mind on holding so much [[TLT]] . I sold out of 50% of my position, a touch under $90.

Okay, now I can get back to the business of picking stocks.

It appears the OVERSOLD signal was spot on with [[CAGC]] yesterday. So you know, at the moment, it is spitting out an OVERSOLD reading in Rio Tinto plc (ADR) [[RTP]] . I don’t know why I WRITE IN CAPS. I just do.

To answer your questions: yes, I am still long [[VXX]] , despite a large percentage loss. Chalk up a win for the peanut gallery. You warned me to avoid [[VXX]] , and here I am getting my face buzz sawed by some lunatic ETF. The way I look at it, being long volatility is a good way to sound smart, but be dumb (that was brilliant. props please). I mean, I can mosey on down to any cocktail party, anyone at all, and profess the endless splendour [sic] of being “long of volatility.” I would speak of my position, with a pipe clenched in my teeth, and people would take a step back, out of deference, to listen to my many strategies and heed warning to my dire predictions.

I’d say “yes, (puff, puff, puff) I am long of volatility, good sir (puff, puff, puff). And that’s it. I’d quickly make way to the nearest serving station and order a martini to my liking, both shaken and stirred.

Seriously, it was/is a bonehead play. My holding period is narrowing by the minute.

To make up for my egregious efforts in volatility, I’ve been buying Johnson Controls, Inc. [[JCI]] and will start buying Fuel Systems Solutions, Inc. [[FSYS]] in earnest. As of now, my FSYS position is very minor; but that will change soon enough. In short, I like the auto parts plays. Look at Cummins Inc. [[CMI]] and see that fucker run, same with Titan International, Inc. [[TWI]] . With GM slated to come public this summer and Toyota recalling cars like they were fucking landmines on wheels, auto parts is the place to be.