Adobe Systems Incorporated [[ADBE]]
I bought 10,000 Adobe Systems Incorporated [[ADBE]] @ $32.90.
Disclaimer: If you buy ADBE because of this post, your government will spend all of your tax dollars, AND MORE, on crazy eyed projects. And, you may lose money.
Comments »Bravo, bravo, a job well done! I must admit, I did not expect the market to climb higher today, amidst news of horrendously poor economic policy change. Don’t get me wrong, I am not judging the Prezident or his health care initiative. Basically, I feel it is always a mistake to jack taxes higher, while trying to climb out of the deepest crevasse since The Great/Awesome Depression.
To see the market tick higher, despite the news, makes me feel all warm and cuddly inside. Because, unlike God, now I know for certain that our government overlords are watching us, ever so intently (tear drops from face).
Do not expect “The Fly” to trade in a market he does not understand. However, I will tell you, Adobe Systems Incorporated [[ADBE]] looks good here, as well as a variety of other stocks. Perhaps I need a good talking to, in order to “correct” my erred ways. But then I look up at my monitor and see, dammit, I SEE SUGAR DOWN AGAIN (crying profusely). Has the world, suddenly, decided to go on a diet and kick the ol’ diabetic lifestyle to the curb? Perhaps.
With my money, I will bore you to death, doing “The Hugh Hendry” and nibbling at [[VXX]] .
Comments »I’ve decided to enforce the “no politics on my fucking website” rule again, due to the fact that it is a stupid subject to debate. I’ve long said “politics is the sandbox for complete imbeciles and/or jackasses who hunger for power.” In my opinion, politicians are either too gay, corrupt or plain ol’ stupid for my interest. Frankly, and I mean this in the most sincere way, if you are interested in politics because you want to “save the country,” you’re better off pasting an “S” on your chest and jumping off Seattle’s space needle to test your powers.
Naturally, the health care bill will pass and all of the talking heads will do what they do best: talk. Meanwhile, back at Space Alien Magician (S.A.M.) HQ, “The Fly” will be figuring out ways to bank a little coin off other people’s anguish, in order to lessen the burden of such detrimental policy changes. Quite honestly, that is all we can do.
Should the bill pass, I expect the markets to begin a decline, down to 10,000 (eventually), which will end up being the best buying opportunity of the year. Or, we “double dip” and head back down to “blue blazer” lows, amidst molten steel and black smoke flowing throughout our water reservoirs.
Courtesy of The PPT, here are the results of one of my favorite screens: Potential Bottoms.
| No. | Ticker | Acc. Dist. Score | Hybrid Change (Daily) | Hybrid Score | Technical Score | % From 52 Week Low |
| 1 | AMAG | 5.00 | -0.36 | 2.80 | 3.17 | 12.42 |
| 2 | BRO | 5.00 | -0.32 | 3.14 | 3.17 | 10.17 |
| 3 | CXM | 5.00 | 87.90 | 2.33 | 3.07 | 13.59 |
| 4 | DNB | 5.00 | 21.29 | 3.02 | 3.22 | 7.45 |
| 5 | DTO | 5.00 | 3.37 | 14.64 | ||
| 6 | DUG | 5.00 | 3.19 | 10.52 | ||
| 7 | ERY | 5.00 | 3.39 | 13.13 | ||
| 8 | FPL | 5.00 | 10.68 | 3.11 | 3.12 | 6.34 |
| 9 | NCX | 4.00 | -0.33 | 3.04 | 3.36 | 6.58 |
| 10 | PBCT | 5.00 | 52.71 | 3.10 | 3.17 | 7.27 |
| 11 | SCO | 4.00 | 2.82 | 6.29 | ||
| 12 | SMN | 5.00 | 3.20 | 7.12 | ||
| 13 | T | 5.00 | -0.51 | 3.87 | 3.62 | 13.16 |
| 14 | TWM | 4.00 | 2.65 | 4.48 | ||
| 15 | TZA | 5.00 | 3.20 | 6.93 | ||
| 16 | UUP | 5.00 | 3.65 | 7.67 | ||
| 17 | VRSK | 4.00 | -11.07 | 2.65 | 3.17 | 8.94 |
| 18 | VZ | 5.00 | -2.01 | 3.42 | 3.47 | 7.42 |
| 19 | WTR | 4.00 | -7.87 | 3.51 | 3.07 | 13.89 |
This sell off is bullshit. This is the sort of sell off that you watch with one eye, while viewing some stand up comedian make a jackass out of himself with the other.
Keep in mind, “The Fly” is not here for you. He just happens to be blogging here, putting his book out for the world to see. It may frustrate some of you to come here and hear the same ol’ bullshit, very Hugh Hendry-esque. But then again, I’m not here for you, am I?
Give Scotty Bleier a shot, if you need personalized support. His newsletter is top notch and he will help all good paying customers, formerly known as “readers,” achieve market success. ACT NOW AND RECEIVE A FREE GRATY!!! (Note: If you haven’t seen Scott’s recent interview on Tech Ticker, go check it out.)
Infomercial over.
Into the bell, I’m throwing lemons at punk brokers, who think they know stocks. You fuckers don’t know the first thing about investing: go sell a “really neat mutual fund” to an older than fuck lady.
Be well.
NOTE: The near term fate of this market depends on what our elected clown-fucking corporate whores do with healthcare reform, obviously.
[youtube:http://www.youtube.com/watch?v=PFCekeoSTwg 616 500] Comments »I bought 10,000 Adobe Systems Incorporated [[ADBE]] @ $34.69, 20,000 [[VXX]] @ $22.40 and 10,000 [[TLT]] @ $91.40.
Disclaimer: If you follow my moves, your only daughter will marry one of the Fast Money guys. And, you may lose money.
Comments »I am pretty bearish here, the most I’ve been in over a year. The sentiment is too fucking bullish. Please, do not cite any retarded sentiment web polls, or of the iBD sort. I use anecdotal evidence, when determining the mood of the market. I have friends, most of them are extraordinarily stupid. When they get all gung-ho and shit, wearing John Rambo head gear at the trading desk, I know it’s time to trade against them.
Most of you norks (nerd+dork) out there are sheep. You let people boss you around, from employer all the down to the wife. Try to think outside of the “fag box” for once.
The dollar will go up because Europe is in trouble. As much as I would like to tell you “fuck Greece”; it’s not over yet. Lean into the euro, as if your life depended on it, via long [[DRR]] . With dollar strength, the risk trade is off the table, which means [[TLT]] and [[VXX]] will thrive, while the broader indices decline. I think we have a potential 700 points of downside, over the next 3 months.
As an aside, the price of sugar is down again. It means something. However, no one really knows, at the moment.
In closing, “The Fly” has a fulfilled weekend planned, courtesy of Mrs. Fly of course. I believe we are heading to a Broadway play on Saturday. OMG, I simply can’t wait: it’s gonna be soooo much fun.
Top picks: [[TLT]] , [[VXX]] , 0.1% money market.
Comments »Rail and trucking volumes are ripping to the upside, over the last 3 weeks. Companies like Genesee & Wyoming Inc. [[GWR]] and Landstar System, Inc. [[LSTR]] are doing well, while chemical companies like NewMarket Corporation [[NEU]] and Lubrizol Corporation [[LZ]] ramp due to increased demand. Without a doubt, worldwide growth is back and companies are making lots of coin again. However, we are on the verge of passing a monumental health care bill, fraught with non-sense, that will affect everyone in this country. And yet, with all of this on the table, we get another 40 point uptick in the Dow?
WTF!!??!!
I sold out of my Silicon Storage Technology, Inc. [[SSTI]] position, for a minor loss. I don’t think a competing bid will emerge, now that the Chairman is backing the SSTI board. And, I added to my [[VXX]] position. Remember, I still have longs, like GlaxoSmithKline plc (ADR) [[GSK]] , Teva Pharmaceutical Industries Ltd (ADR) [[TEVA]] , ICICI Bank Limited (ADR) [[IBN]] , Citigroup Inc. [[C]] , Brocade Communications Systems, Inc. [[BRCD]] , [[CBD]] , Flotek Industries, Inc. [[FTK]] , U.S. Global Investors, Inc. [[GROW]] , [[MWW]] , POSCO (ADR) [[PKX]] , SandRidge Energy Inc. [[SD]] and Sociedad Quimica y Minera (ADR) [[SQM]] . So, think of my adventures into volatility as a hedge against my longs. Essentially, I am attempting to limit my downside, at the risk of capping my upside.
The bottom line: I am very close to buying a chemical or trucking name. And, I will be sure to be long Adobe Systems Incorporated [[ADBE]] , just in time for earnings. Howsoever, I refuse to buy up here, as retard stocks like The Boeing Company [[BA]] climb higher every single day, based upon air.
[youtube:http://www.youtube.com/watch?v=r_NM0dg0bdc 616 500] Comments »The market seems to be pricing in a phenomenal economic turnaround, a nirvana of sorts for greedy goblin like policy makers. With the new economic renaissance right around the corner, we can afford all sorts of shit, like fucked up health care, astronomical military expenditures and corrupted education budgets.
In the rare event that you are out of work, bereaved by unemployment, fear not for your dumb ass will be working at a local Census Bureau in no time at all!
I should have listened to my instincts and bought General Cable Corporation [[BGC]] , when it was sucking the gum off the concrete. Now that it is popping higher, I have nothing but hatred for the name.
In summary, economic nirvana is upon us, so ignore all jargon pertaining to bad stuff.
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