OVERSOLD, Sir

The above is a little “Christmas come early” from “Santa Fly” to you, courtesy of The PPT (yes, it nailed today’s dip). Fuck off with your Doomsday Dubai news. I care so much about the Dubai news, I slept in. As a matter of fact, right after this post, I am going to roam around my house eating a fucking turkey leg. You little bastards can worry about Dubai and everyone else, I’ll be downstairs playing with my new Keurig device, made by the Godly folks at Green Mountain Coffee Roasters Inc. [[GMCR]] .

Be well.

Land of the 72 Dicks, Dubai

Fuck my 10,500 promise. We went to 10,496. That’s close enough. It’s my blog and I can do whatever the fuck I want, can’t I? If I want to “go rogue,” by ignoring some asshole egotistical promise, I can do it. There is nothing you can do about it, so fuck off mustached man.

The truth of the matter is, this whole Dubai going broke story is really inconveniencing me. As an American, I am entitled to eat turkey, on Thanksgiving, without having to worry about losing millions of dollars the next day. At a very minimum, I should not have to deal with the supposedly richest cocksuckers on the planet, who build islands for fun— in the fucking ocean— from scratch, all of a sudden running out of money, on Thanksgiving. At a fucking minimum.

These are the same people who throw gold bricks into smelters, just for shit and giggles, in between human sweet bread snacks. Now, they want me to believe, all of a sudden, OOOPS no more money? Fuck off and cop a walk, you little evil pricks. You stole Thanksgiving, cocksucker!!!

You know, all world governments should be overthrown for fucking with turkey day. As a small pebble in a very large ocean, I would like to enjoy a slither of turkey, without having to worry about men in Egyptian cotton turbans and bug-eyed style Gucci sunglasses fucking the world markets over. I’m not going to make any market projections yet; it’s just too late for that sort of thing. However, I will tell you, I have no patience for this sort of shit. You call it a buying opportunity. I call it a calamity.

At any rate, get ready for some “turban’d testicles” to your skull tomorrow, during a very nice and clean thinly traded “fuck you, you’re dead” half a day execution session.

Damn you. Expand the war on terror, at once.

It simply was not meant to be. I am sure the Turkey Gods, as they depart tomorrow, will sprinkle a little magic dust on the s&p futures, effectively freeing me from this tortuous house of virgins that I find myself in, where cursing is punishable by vast amounts of Flotek Industries, Inc. [[FTK]] in my retirement accounts. I must escape.

At any rate, be thankful for what you have and forgot what you covet, at least for one damn day.

Here is some traditional Thanksgiving music for you iBC’ers out there. Eat well.

Despite the market run, I still have more than 25% in cash. However, I am very tempted to go long a variety of oil/gas stocks, due to their laggard status. Precious metals have stolen the spotlight, as of late, leaving the oil and gas space on the shelf.

I like to do things in differently, so I will not target the who’s who of the sector. Instead, I will buy names that are under the radar, that have immense short positions.

Here is my list:

ATP Oil & Gas Corporation [[ATPG]] , Berry Petroleum Company [[BRY]] , Continental Resources, Inc. [[CLR]] , Forest Oil Corporation [[FST]] , GMX Resources Inc. [[GMXR]] , SandRidge Energy Inc. [[SD]] and W&T Offshore, Inc. [[WTI]]

Developing…

…Green Mountain Coffee Roasters Inc. [[GMCR]] is deeply oversold.

One of the little tricks of  The PPT is knowing how to determine Oversold/Overbought ranges, using historical records, made readily available to all subscribers.

At the risk of putting a foot in my mouth, I will tell you, with a great deal of confidence, GMCR is nearing the bottom of its trading range. Historically, the stock HAS NEVER registered a technical reading below 1 (strong sell), until today of course. At the close of trading today, the stock closed down $1.48, with a technical score of just 0.94 aka NEW ALL TIME LOW. What does this mean?

Well, for one, it means the stock has been very weak. However, historically, the stock bounces rather quickly whenever The PPT grades it below 1.15, on a technical basis. For the most part, the fundamental score has been flat to up, at around 4.20 (strong buy).

The last time the score was in this ballpark was on 11/6, registering a score of 1.10,  when the stock was  trading at $67.61. Three days later, the stock hit a high of $75.91. Prior to that,  on 10/30, the score hit 1.12, when the share price was at $66.55. However, after three days, the stock only gained .30. Lastly, on 8/19, the score hit 1.15, when the share price was at $55.61. Fast forward three days, the stock was above $58.86.

Life is all about putting your balls on the line, gentleman. Today, I stepped in and bought more Green Mountain Coffee Roasters Inc. [[GMCR]] . Let’s see what the stock Gods have in store for me.

EXCLUSIVE: Pics of “The Fly’s” Keurig in action, a must have for all of you “coffee players” out there.

NOTE: Go check out iBCNEWSBOT3000 on front page. We will provide up to the second news flow, from a variety of reliable sources.

Indeud.

BAC Bank of America: Fitch places Bank of America’s Individual Rating on rating watch positive (16.19 -0.09) Fitch placed its ‘D’ Individual ratings for Bank of America and its operating subsidiaries on Rating Watch Positive. Fitch has affirmed the Issuer Default Ratings (IDRs) of BAC and its subsidiaries, which are derived from U.S. government support and continue to carry a Stable Rating Outlook. Ratings of long and short-term deposits, long-term and short-term debt, and subordinated debt (with the exception of First Republic Bank are affirmed… BAC’s overall risk profile has begun to improve, with the potential for requiring additional government support or needing to omit dividends on preferred stock beginning to recede. Accordingly, Fitch has upgraded the preferred stock rating of BAC to ‘BB-‘ from ‘B.’ At the same time, Fitch has placed all preferred and trust preferred ratings of BAC and its affiliates on Rating Watch Positive. Earnings remain under pressure, as BAC posted a narrow loss to common shareholders in the most recent quarter after noncash and nonrecurring items are factored out. Asset quality problems remain severe, with loan loss provisions remaining high. However, with a recent slower rate of deterioration in problem assets the pace of reserve build has begun to decelerate, which could indicate the potential for a near-term peak in problem assets.

NOTE: Mr. Woodshedder is about to launch his Power Dip System. Check it out.

So many of you have emotional issues, stemming from your desire to be heard/noticed. Quit being so damn emo, especially when it comes to the markets. No one cares about your damn conspiracy theories, whether it be Federal Reserve secrets, Goldman Sachs’ crimes or “Bush did it.” Frankly, I think your life is a pathetic waste of time.

The reason why I don’t read blogs, especially financial blogs, is because 99% of them are either technical analysis based or of the conspiratorial cloth.

This here, buying and selling securities, is a very easy business. All one needs to do is find the stocks that are going up before everyone else does. It does not require that you embarrass yourself with worthless blogs, discussing far fetched theories of improprieties. America has become a classroom filled with Glenn Becks and I’m not gonna take it anymore. The next person to talk crap about Goldman Sachs, on this site, will be banned.

That’s right. I am siding with the “bad guys,” who happen to be the envy of global banking. I’m sure you ham and eggers would prefer Goldman to be a bunch of losers, like GM or AIG, so your newly minted communist government could bail them out and have them sucking on demoncat nipples.

My point is this: I don’t care about the noise. This website is not dedicated to the losers who talk a lot. We bank coin here, at least most of us do. So, before opening your big fat face, do yourself a favor and check your tin foil hat at the door.

This is stupid. I object on principle alone. I cannot fall into lock-step with the notion that the stock exchange must mirror the dollar at all times. Frankly, it’s a little insulting to my intelligence and makes for an awful marketplace.

You know, it’s bad enough that I have to trade in a manipulated market. Now “they” want me to discard all of my gifts and simply pay attention to the dollar-dow paradigm. Once again, I protest on moral/religious grounds. My religion dictates that I cannot kowtow to the dollar-dow paradigm.

With my money, I’m on protest, so it really doesn’t matter what I like or dislike, now does it? But if I wasn’t protesting, I might say “hmmm, this W.W. Grainger, Inc. [[GWW]] looks interesting over here.” But to be honest, all of the fun is being sapped out of the market. You go tend to the dollar fields. “The Fly” will be busy planning for Turkey Day.

UPDATE: I bought a little Green Mountain Coffee Roasters Inc. [[GMCR]] and sold most of [[ENTR]] /