TIMBERRRRRR

This action is too fucking greasy. I changed my mind and have reserved all buy orders for Monday.

More later.

I will use this dip to load the fuck up on steel stocks. Inventories are slim and demand is ticking higher. As a result, the price of steel has been climbing, all thanks and praise to the clean folks domiciled in Indian and China. Some of my favorite names include: United States Steel Corporation [[X]] , POSCO (ADR) [[PKX]] and AK Steel Holding Corporation [[AKS]] .

It is my belief that steel, and other related names in the sector, will be big winners in 2010.

Other names on my buy list are: Ctrip.com International, Ltd. (ADR) [[CTRP]] , SandRidge Energy Inc. [[SD]] , TEKELEC [[TKLC]] and Cummins Inc. [[CMI]] .

As we speak, I have one name spiking: Ethan Allen Interiors Inc. [[ETH]] . I believe it is time to take my small treasure on that name and apply it elsewhere.

Wish me luck!

UPDATE: I sold [[ETH]], north of $15.70.

Paul Volker and Prezident O’bama are dipshits. That’s all. There is no need to pontificate further.

Today’s sell off was uncomfortable, but entirely expected and appreciated, from the bottom of my black heart. If I could be so kind, as to return the favor, I’d like to punch the mustaches off of the men who concocted this anti-bank legislation. As a matter of fact, I would rather emphatically enjoy doing it.

Life is good at THE HOUSE OF FLY, as new business keeps rolling in and idiots get kicked down stairs— laden with metal spikes—with great frequency and efficiency. For the day, I nibbled, ever so gingerly, on Cummins Inc. [[CMI]] and TEKELEC [[TKLC]] , with the intent of taking large lion sized bites later on, should the market trade lower from here.

As always, I will use The PPT as my main indicator, to assist the timing of my buys. It truly is a marvel and should be used by all money managers in the United States, providing they were interested in getting out of little leagues of course. Step your game up son, for Le Fly is gunning for your fucking face (so sorry for the sudden outburst of hostility).

My best guess: we have another 3% of downside, then straight up.

NOTE: While you fuckers were hiding under your desks today, “The Fly” was dancing in the blood to this shit, featured below.

I bought 5,000 TEKELEC [[TKLC]] @ $16.19 and 2,500 Cummins Inc. [[CMI]] @ $49.50.

Disclaimer: I am too busy to be clever. Don’t follow me, for this is space alien magician shit.

You do not overhaul the entire financial industry in less than one year after the greatest credit crisis since the exorbitant days of the late Roman Empire. I don’t know what else to say, other than “wow.” They are removed from reality and need to be voted out, before they do some damage we can’t walk away from.

You do not declare edicts, in the midst of a tenuous recovery. The stock market has been the primary source of hope for this country. If the government fucks that up, you can bank on a double dip.

Bottom line: I don’t want to overreact to news that can later turn out to be nothing, as is the case with most government announcements. Nonetheless, I have put all buy orders on hold and suggest that you raise cash (at least 10%), in order to lower the beta, just in case we slide another 5% from here.

It’s not important to win everyday. If you are a day-trader, then winning daily is imperative. Pardon my candidness, but day traders are fucking idiots. No one would miss them if black helicopters swooped in and shipped them to Guantanamo Bay “for further questioning.” I told you before, I will say it again: losses are to be expected. It’s not that big of a deal. I invest money for long term gains. Sometimes I accomplish my goal in a week, other times a year, as is the case with Flotek Industries, Inc. [[FTK]] .

The point I am making is this: everyone invests differently. You might be hell bent on inverse ETF’s, while your partner is bullish on semis. Both of you can make money, if executed properly. It really is uncouth of you to disrespect “The Fly” on days like this, especially since I called this sell off last week. I can’t sell everything at a drop of a dime; that’s fucking retarded. It takes time and planning to do something like that. I have no plans to go to cash because the prevailing trend is up. Should my position prove to be a loser, I will adjust. Until then, today’s sell off is NO DIFFERENT than the dozen behind it.

At the top of my buy list is Cummins Inc. [[CMI]] and TEKELEC [[TKLC]] . Some stocks are strong and many are weak. My approach will be to load up on the weakest and strongest performers, already resident in my Godly portfolios. Thus far, I have done nothing but talk shit, here on the internets.

As you blow up your accounts, under a brick umbrella of inverse ETF’s, “The Fly” is somersaulting over your stupid heads, while throwing “space money” into flaming barrels of garbage—because he can. Your persistent demands for a market sell off shall be ignored, until further notice.

This is what I know: you motherfuckers have been wrong, on an epic scale, for more than a year now. Many of you rebut with idiot talking points, like “bullish sentiment is so high amongst investors now. That means we are overbought.” Oh really, jackass?

Then explain to me why Green Mountain Coffee Roasters Inc. [[GMCR]] has a short position of 35% or why 70% of my positions have short positions north of 10%.

Answer: you bearish motherfuckers are embedded, unable to flee from the burning car. You are, in a word, BLOWNTHEFUCKUP.

At any rate, into weakness, I want to add to Corinthian Colleges, Inc. [[COCO]] , W.W. Grainger, Inc. [[GWW]] and TEKELEC [[TKLC]] . Into strength, I like Flotek Industries, Inc. [[FTK]] , SandRidge Energy Inc. [[SD]] , and Equinix, Inc. [[EQIX]] .

Let the market dip. I’ll allocate more money when The PPT Overall Hybrid dips below 2.30. Until then, go eat a sandwich.

I chastise many of you, not to inflict pain and suffering, but to teach you a lesson. Like Mr. Miyagi in The Karate Kid, I make you “paint house” and “wax car,” so that you learn how to defend yourselves from bearshitters wrapped in burlap—attempting to sweep your legs. There is a method to my madness and it’s none of your fucking business. Just know, it’s important to listen more and talk less, when mingling amongst the stock Gods aka men who know more than you. Do not come to iBC with the intent to teach me anything, for you are wasting your time, chump.

Today’s sell off was tepid. Except to see the robots back to buying equities again, sometime this week. It’s not wise to bet on a trend reversal. Moreover, it’s not wise to bet against Le Fly, especially while vacationing in France.

For the day, I lost some coin; but gained some conviction. My top picks are my current positions. Out of my current positions, Flotek Industries, Inc. [[FTK]] is behaving with the most honour [sic] and integrity. Go figure.

Off to see about a stretch limo (80’s style of course).

We got ourselves a good ol’ fashioned sell off, trimmed with extraordinary declines and superfluous anxiety.

What to do? Shall we all drop our luggage and run for safety, inside our local subway stations? Or, should we man the anti-aircraft batteries, in an valiant effort to shoot down some beatshitters, littering the skies with their stench?

The dollar is racing higher, as bozos with very large noses and big boots throw it all into gold stocks. No offense to gold bugs; but you are so obvious and very, very lame.

My game plan, with my money, is to endure hits, while eating snacks. Since I am into eating healthy now, I will nosh on some fucking wheat germ or bee pollen nibblets and lose money like a fucking man. What do you think the stock market is supposed to be easy? This shit is hard, cocksuckers.

At any rate, I have things to do, separate from my internet duties. With my 15% cash position, I will buy the dips, whenever The PPT tells me to. I have my own robots doing the heavy lifting for me.

The blind morons from NYC (pun intended), who have been making millions off of people getting cancer, via egregious excise taxes, have decided to declare sugary treats (soda, candy etc.) sinful. In an amazing broad daylight mugging, Governor Patterson is raising taxes on cigarettes, by another buck, and adding something new to this years sales tax: 1 cent tax per ounce of soda. How fucking quaint of him.

If local governments continue to abuse their powers via an authoritarian taxing system, people are going to say “fuck you asshole” and throw their coca-cola bottles into the East River, not too much different than the Boston Tea Party. I get it; people are fat and they need to eat healthier. But taxing soda is not going to put broccoli in the faces of America’s obese.

PepsiCo, Inc. [[PEP]] and The Coca-Cola Company [[KO]] have to be sells on this sort of news. If they are going to get the Phillip Morris treatment, next thing you know, the government will sue them for hospital expenses, for treating uninsured fat fuckers.

On a positive note, NYS wants more wine consumption, in order to make more tax revenue. So, they have decided to let grocery stores sell wine. How nice of them.

Just to recap.

Soda: bad

Wine: good

Cigarettes: so very bad. But, an excellent revenue generator.