Fly Buy: $GPRO

With the proceeds from TNA and MBLY, I bought GPRO.

It isn’t nearly as expensive as some of you fire hydrant lickers like to say. Ahead of ski season, I like it.

With oil dropping and Americans saving $100 billion from lower gas bills, I reckon it will be a splendid holiday season for premium electronic manufacturers, like GPRO and AAPL.

Fly Sell: $TNA

I bought this on 10/2 during The PPT oversold period at $62.21. It ended up being correct, as always.

UPDATE: I sold out of MBLY too.

Time to Position For Death of Crude

Yesterday, the good man from the television, Dennis Gartman, informed our good persons that Fusion energy is here and that “the oil (barrel) would go the way of the whale oil, completely extinct” from the public landscape. He furthered “oil should trade down DEMONSTRABLY over the course of the next few years,” meandering about the cemetery of antiquity at around $10 or much, much less.

All of your cars, homes, and airplanes will be powered by Fusion technology. I am sure some of you outlier types were unaware of this circumstance. You should thank Mr. Gartman for informing you of suchness and offer him to eat at your summer cottage, for what will surely be wild eyed entertainment–emanating from this flair for the obscene.

With oil already whistling past the graveyard, one must contemplate how this fusion technology can be used by persons, such as ourselves. I imagine the Dominos Pizza Organization will be delivering their tomato pies via space aged vehicles. And, moreover, GM and F, as well as all of the traditional auto makers, will need to take wrecking balls to their factories, in order to retool for this new technology and engines that run on it.

Kiss your local Wawa goodbye. Gas stations are no longer required.

And, the next time the fuel truck stops by the house to provide you with oil for the winter, tell him to “fuck off, I have fusion technology.”

I HAVE THE CHEAP OIL WINNER

As the Bakken, slowly but surely falls into the vortex of despair and agony, thanks to our friends the Saudis, the same chaps who demolished our antiquated World Trade Tower–FREE OF CHARGE; other companies profit from this sea-change event.

What are we talking about here, you ponder? What the fuck is going on?

I will tell you.

Gone are the days of energy independence, the dream of having oil barrels in our backyards as the kids run about the fields slapping each other in the faces with hydraulic pumps. For a moment there, the Saudis really had us going. We ramped up production, excluded ourselves from the cartel of OPEC, and advertised our manifest destiny on Fox News, exclaiming “NO MORE RELIANCE ON MIDDLE EASTERN CRUDE.” After all, those people are head-choppers and airplane crashers. Civilized society doesn’t have a place for them.

We sent our brightest engineers to the Permian Basin and the Bakken to extract this oil. We bought the land from the people who owned it for billions and began to build an empire built upon the very minerals in the earth. The only problem with this business plan of ours was the cost. We needed oil to remain upward of $80 per barrel in order to sustain the sort of gung-ho, America rocks, attitude in these hard to drill areas. What good is oil independence if it means it must be expensive forever? A riddle wrapped inside of a puzzle, inside of a fag-box, no doubt.

We got lured in real good, a giant snare was set, and the dreamers took the bait.

Now the rug is being pulled. The lower crude goes, the faster our oil production will decrease, the wider the smiles on the faces of our friends, the Saudis.

If oil trades to $50, rest assured, 70% of the oil stocks you see on your screen will be trading down more than 50% from today’s current prices, if not more. We will firmly be placed into the prison cells with the camels, for eternity, and our economy will reel from the investment losses realized from the bust once known as “The Bakken Shale.”

The city of Destin will become a ghost town and we will never talk about it again.

I write this to you, on this very night, not to scare you. Instead, I write this to tell you what our true destiny is and how to profit from it.

Your sons and daughters will all be employed by this company and you will rely upon them for sustenance and comfort.

BEHOLD the next great boom in the American story: THE DOMINOS PIZZA CORPORATION. May their delivery men live long and prosper, ushered to and fro their destinations at exceedingly cheap rates.

It’s Hard to Keep a Good NASDAQS Down

The Goldman Ballsachs downgrade of the entire oil sector really took its toll on today’s sentiment. I fully expected the market to be rough-housed, to the tune of -150 or so. However, after coming back from my journey, I see the market is almost unchanged.

Surely, you didn’t think the oil and gas sector would rebound in the face of their abhorrent commentary, did you? You’re gonna have to wait for tomorrow to see that. In the meantime, the market can lend itself a hand here by simply defecating onto the heads of those who bet against it. It should behave like a lion and bite the heads off the zebra who brays, spilling its cheap blood on the land so that crops can grow.

I am deeply saddened, as well as chagrined, to see my CLR position getting manhandled in real time. Alas, this is the price we pay, lads, for speculation. There will be good times and then there’s now–the days when you wonder why you got into this tomfoolery in the first place. Sure, a person of my intellect, a man amongst apes, could’ve done anything short of testing roller coasters (I do not like heights). But I remain here, in the parlour of Satan fighting the good fight, punishing those who try to destroy America.

In summary, the Goldman Ballsachs corporation had merely tossed a broken chair in the way of my speeding calash. I will have my horses kick said chair to the side of the road and eventually eat it. My final destination is the cemetery, where I fully intend to dig up and dance on the skulls of my many enemies.

GOLDMAN BALLSACHS STRIKES AGAIN!

The boys over at Goldman took it upon themselves this morning to kindly ask that you liquidate your oil and gas stocks, citing hard times for oil men. Just two weeks ago, they circle jerked around the idea that EMES was heading to $153. Today, they believe that very same company is merely worth $103.

Here is their whole list of haggardly oil and gas names.

Patterson-UTI

PTEN

Goldman

Downgrade

Buy » Neutral

$153 » $103

Pioneer Energy

PES

Goldman

Downgrade

Buy » Neutral

$20.50 » $12.50

Emerge Energy Services

EMES

Goldman

Downgrade

Buy » Neutral

$153 » $103

Basic Energy Services

BAS

Goldman

Downgrade

Buy » Sell

$33 » $12

Diamond Offshore

DO

Goldman

Downgrade

Neutral » Sell

$36 » $26.50

Buy » Neutral

DCP Midstream

DPM

Goldman

Downgrade

Buy » Neutral

Midcoast Energy Partners

MEP

Goldman

Downgrade

Buy » Neutral

Enduro Royalty Trust

NDRO

Goldman

Downgrade

Buy » Neutral

Continental Resources

CLR

Goldman

Downgrade

Buy » Neutral

Anadarko Petroleum

APC

Goldman

Downgrade

Buy » Neutral

EP Energy

EPE

Goldman

Downgrade

Buy » Neutral

Laredo Petroleum

LPI

Goldman

Downgrade

Neutral » Sell

Parsley Energy

PE

Goldman

Downgrade

Neutral » Sell

They don’t like oil anymore and feel that it is heading to $75 per barrel. Bear in mind, however,  that the Goldman Ballsachs company works in a very duplicitous manner. Sometimes, on occasion, up is up and down is down. But, the modus operandi revolves around methods of misdirection, where up is in fact down and down is sometimes sideways, but also up. Plus, it all depends on their investment banking calendar and/or relationships with targeted companies.

The analyst department works very diligently behind their chinese wall. They are very busy little bees.

Ultimately, and this is true on an empirical level, whatever the analysts have to say is moot–absolutely meaningless. Stocks will trade up and down on emotion, gyrating between ranges dictated by public opinion. However, their ultimate destination lies in the numbers, the earnings, for they, unlike the Goldman Ballsachs corporation, never lie.

The Cheapest Oil Stocks Around

First, let me preface this blog with a little history. Oil and gas stocks, generally, underperform this time of year and don’t get going until the beginning of the driving season, which happens in March. Having said that, this is the time of year to start building positions in excellent companies, who’ve demonstrated an ability to perform during all sort of market environments.

Using a new tool inside of The PPT that evaluates are ‘fair price target’, using earnings growth for the previous 8 quarters and assigning an ‘fair PE’ multiple to it, the following oil and gas stocks are the cheapest.

(stock, % from fair value, here is PPT screen for members)

PACD -68%

EMES -64%

BTE -61%

PDS -57%

WFT -56%

BHI -52%

FANG -49%

PE -49%

SLCA -43%

HCLP -41%

RES -41%

HAL -39%

I can go on. You get the gist. The market is pricing in cataclysm for the oil and gas industry. While deep drillers may have structural issues to fend off, traditional drillers should bounce back sharply, once prices stabilize.

The world run on oil. Never forget it.

 

 

A Fine Week

I’d love to write a longer blog, but I am seething with pent up anger due to non-business concerns. Let me add that the comments section is beginning to take on the characteristics of an 8th grade classroom.

The problem with being a person who consumes information on an industrial scale is the more you know and evolve as a person, the dumber everyone else is around you. This can lead to irrevocable differences, a split that cannot be rectified. I strongly advise you, the American beer swilling catamite, to read some books, other than the horseshit sports section in your local newspapers. You’ve become, all of you have become, first rate wagnerians of a very homosexual nature.

I’m off now, gone to handle my fucking chores.

By the way, thanks to the Ebola outbreak, there is still room left for some of you ingrates at our Vegas conference. I am 1,000% sure I am never, ever, doing this again.

I GRANT YOU TWENTY NASDAQS

Have a nasdaqary and enjoy the show.

We were supposed to trade lower today, as the poor Amazon missed their earnings estimates.

What to do with the poor Amazon?

Software stocks are clearly insane, led by N–which I happen to be long. There is a fervor grabbing hold of Wall street and I am hoping it will soon grip onto the shares of ANET, another one of my larger positions.

Gentlemen, I give you TWENTY NASDAQS on this friday afternoon, not as something to get giddy over–like little cleaning ladies laughing in the bathroom as they toil away at the grout– but as a token of appreciation for your attendance.

Enough with the laughing, now get back to work.

About that $FMSA Trade and More

Before time moves on and I forget to post about the FMSA trade, let me explain how I knew it’d work.

FMSA is a frac sand company. This is an industry that was pistol hot a month ago, with SLCA, EMES and HCLP all hitting new highs. By the time they were ready to IPO, the expected range had been lowered to $16-17 due to market conditions. When they came public, the frac sand space was getting annihilated. It was the worst possible time for them to IPO, especially since they had no institutional backing or a solidified retail shareholder base. The result was a rout in the shares, far exceeding the declines in other sand plays.

When I bought into the stock, the sector had the appearance of bottoming out. FMSA’s losses, however, were twice that of SLCA’s. I knew that if the sector rebounded, it would move twice as fast, if not more. I was right, made 30%+ and now I am moving on, which is probably a mistake since the stock will likely trade above its IPO price of $17 in the not so distant future.

Let me tell you something about Wall St, buying and selling stocks. Anyone can do it. My best days trading occurred when I was brand spanking new in the business, early 20′s, without a care in the world. I’ve mentioned my first big trade here many times, which was $6k into AOL turning into $250k in a little less than 3 years time. I had little understanding of the market, only extending to my encyclopedia like memory of stocks, profiles and sectors. The older, more experienced, you become, the less risk you take. Age, inherently, is the ultimate arbitrar between fear and greed. When you are young and have never failed, your inhibitions are without boundaries, invincible, God amongst mortals. After you get dinged a few times, you don’t want to get dinged anymore. As such, you become careful in the manner by which you conduct yourself.

Ignorance truly is bliss.

Trust me when I tell you, the ignorant trader has a short lifespan, albeit an exciting one. The momo chasing gets old quick and before you know it, you’re starting over again.

 

Fly Buy: $GPRO

With the proceeds from TNA and MBLY, I bought GPRO.

It isn’t nearly as expensive as some of you fire hydrant lickers like to say. Ahead of ski season, I like it.

With oil dropping and Americans saving $100 billion from lower gas bills, I reckon it will be a splendid holiday season for premium electronic manufacturers, like GPRO and AAPL.

Fly Sell: $TNA

I bought this on 10/2 during The PPT oversold period at $62.21. It ended up being correct, as always.

UPDATE: I sold out of MBLY too.

Time to Position For Death of Crude

Yesterday, the good man from the television, Dennis Gartman, informed our good persons that Fusion energy is here and that “the oil (barrel) would go the way of the whale oil, completely extinct” from the public landscape. He furthered “oil should trade down DEMONSTRABLY over the course of the next few years,” meandering about the cemetery of antiquity at around $10 or much, much less.

All of your cars, homes, and airplanes will be powered by Fusion technology. I am sure some of you outlier types were unaware of this circumstance. You should thank Mr. Gartman for informing you of suchness and offer him to eat at your summer cottage, for what will surely be wild eyed entertainment–emanating from this flair for the obscene.

With oil already whistling past the graveyard, one must contemplate how this fusion technology can be used by persons, such as ourselves. I imagine the Dominos Pizza Organization will be delivering their tomato pies via space aged vehicles. And, moreover, GM and F, as well as all of the traditional auto makers, will need to take wrecking balls to their factories, in order to retool for this new technology and engines that run on it.

Kiss your local Wawa goodbye. Gas stations are no longer required.

And, the next time the fuel truck stops by the house to provide you with oil for the winter, tell him to “fuck off, I have fusion technology.”

I HAVE THE CHEAP OIL WINNER

As the Bakken, slowly but surely falls into the vortex of despair and agony, thanks to our friends the Saudis, the same chaps who demolished our antiquated World Trade Tower–FREE OF CHARGE; other companies profit from this sea-change event.

What are we talking about here, you ponder? What the fuck is going on?

I will tell you.

Gone are the days of energy independence, the dream of having oil barrels in our backyards as the kids run about the fields slapping each other in the faces with hydraulic pumps. For a moment there, the Saudis really had us going. We ramped up production, excluded ourselves from the cartel of OPEC, and advertised our manifest destiny on Fox News, exclaiming “NO MORE RELIANCE ON MIDDLE EASTERN CRUDE.” After all, those people are head-choppers and airplane crashers. Civilized society doesn’t have a place for them.

We sent our brightest engineers to the Permian Basin and the Bakken to extract this oil. We bought the land from the people who owned it for billions and began to build an empire built upon the very minerals in the earth. The only problem with this business plan of ours was the cost. We needed oil to remain upward of $80 per barrel in order to sustain the sort of gung-ho, America rocks, attitude in these hard to drill areas. What good is oil independence if it means it must be expensive forever? A riddle wrapped inside of a puzzle, inside of a fag-box, no doubt.

We got lured in real good, a giant snare was set, and the dreamers took the bait.

Now the rug is being pulled. The lower crude goes, the faster our oil production will decrease, the wider the smiles on the faces of our friends, the Saudis.

If oil trades to $50, rest assured, 70% of the oil stocks you see on your screen will be trading down more than 50% from today’s current prices, if not more. We will firmly be placed into the prison cells with the camels, for eternity, and our economy will reel from the investment losses realized from the bust once known as “The Bakken Shale.”

The city of Destin will become a ghost town and we will never talk about it again.

I write this to you, on this very night, not to scare you. Instead, I write this to tell you what our true destiny is and how to profit from it.

Your sons and daughters will all be employed by this company and you will rely upon them for sustenance and comfort.

BEHOLD the next great boom in the American story: THE DOMINOS PIZZA CORPORATION. May their delivery men live long and prosper, ushered to and fro their destinations at exceedingly cheap rates.

It’s Hard to Keep a Good NASDAQS Down

The Goldman Ballsachs downgrade of the entire oil sector really took its toll on today’s sentiment. I fully expected the market to be rough-housed, to the tune of -150 or so. However, after coming back from my journey, I see the market is almost unchanged.

Surely, you didn’t think the oil and gas sector would rebound in the face of their abhorrent commentary, did you? You’re gonna have to wait for tomorrow to see that. In the meantime, the market can lend itself a hand here by simply defecating onto the heads of those who bet against it. It should behave like a lion and bite the heads off the zebra who brays, spilling its cheap blood on the land so that crops can grow.

I am deeply saddened, as well as chagrined, to see my CLR position getting manhandled in real time. Alas, this is the price we pay, lads, for speculation. There will be good times and then there’s now–the days when you wonder why you got into this tomfoolery in the first place. Sure, a person of my intellect, a man amongst apes, could’ve done anything short of testing roller coasters (I do not like heights). But I remain here, in the parlour of Satan fighting the good fight, punishing those who try to destroy America.

In summary, the Goldman Ballsachs corporation had merely tossed a broken chair in the way of my speeding calash. I will have my horses kick said chair to the side of the road and eventually eat it. My final destination is the cemetery, where I fully intend to dig up and dance on the skulls of my many enemies.

GOLDMAN BALLSACHS STRIKES AGAIN!

The boys over at Goldman took it upon themselves this morning to kindly ask that you liquidate your oil and gas stocks, citing hard times for oil men. Just two weeks ago, they circle jerked around the idea that EMES was heading to $153. Today, they believe that very same company is merely worth $103.

Here is their whole list of haggardly oil and gas names.

Patterson-UTI

PTEN

Goldman

Downgrade

Buy » Neutral

$153 » $103

Pioneer Energy

PES

Goldman

Downgrade

Buy » Neutral

$20.50 » $12.50

Emerge Energy Services

EMES

Goldman

Downgrade

Buy » Neutral

$153 » $103

Basic Energy Services

BAS

Goldman

Downgrade

Buy » Sell

$33 » $12

Diamond Offshore

DO

Goldman

Downgrade

Neutral » Sell

$36 » $26.50

Buy » Neutral

DCP Midstream

DPM

Goldman

Downgrade

Buy » Neutral

Midcoast Energy Partners

MEP

Goldman

Downgrade

Buy » Neutral

Enduro Royalty Trust

NDRO

Goldman

Downgrade

Buy » Neutral

Continental Resources

CLR

Goldman

Downgrade

Buy » Neutral

Anadarko Petroleum

APC

Goldman

Downgrade

Buy » Neutral

EP Energy

EPE

Goldman

Downgrade

Buy » Neutral

Laredo Petroleum

LPI

Goldman

Downgrade

Neutral » Sell

Parsley Energy

PE

Goldman

Downgrade

Neutral » Sell

They don’t like oil anymore and feel that it is heading to $75 per barrel. Bear in mind, however,  that the Goldman Ballsachs company works in a very duplicitous manner. Sometimes, on occasion, up is up and down is down. But, the modus operandi revolves around methods of misdirection, where up is in fact down and down is sometimes sideways, but also up. Plus, it all depends on their investment banking calendar and/or relationships with targeted companies.

The analyst department works very diligently behind their chinese wall. They are very busy little bees.

Ultimately, and this is true on an empirical level, whatever the analysts have to say is moot–absolutely meaningless. Stocks will trade up and down on emotion, gyrating between ranges dictated by public opinion. However, their ultimate destination lies in the numbers, the earnings, for they, unlike the Goldman Ballsachs corporation, never lie.

The Cheapest Oil Stocks Around

First, let me preface this blog with a little history. Oil and gas stocks, generally, underperform this time of year and don’t get going until the beginning of the driving season, which happens in March. Having said that, this is the time of year to start building positions in excellent companies, who’ve demonstrated an ability to perform during all sort of market environments.

Using a new tool inside of The PPT that evaluates are ‘fair price target’, using earnings growth for the previous 8 quarters and assigning an ‘fair PE’ multiple to it, the following oil and gas stocks are the cheapest.

(stock, % from fair value, here is PPT screen for members)

PACD -68%

EMES -64%

BTE -61%

PDS -57%

WFT -56%

BHI -52%

FANG -49%

PE -49%

SLCA -43%

HCLP -41%

RES -41%

HAL -39%

I can go on. You get the gist. The market is pricing in cataclysm for the oil and gas industry. While deep drillers may have structural issues to fend off, traditional drillers should bounce back sharply, once prices stabilize.

The world run on oil. Never forget it.

 

 

A Fine Week

I’d love to write a longer blog, but I am seething with pent up anger due to non-business concerns. Let me add that the comments section is beginning to take on the characteristics of an 8th grade classroom.

The problem with being a person who consumes information on an industrial scale is the more you know and evolve as a person, the dumber everyone else is around you. This can lead to irrevocable differences, a split that cannot be rectified. I strongly advise you, the American beer swilling catamite, to read some books, other than the horseshit sports section in your local newspapers. You’ve become, all of you have become, first rate wagnerians of a very homosexual nature.

I’m off now, gone to handle my fucking chores.

By the way, thanks to the Ebola outbreak, there is still room left for some of you ingrates at our Vegas conference. I am 1,000% sure I am never, ever, doing this again.

I GRANT YOU TWENTY NASDAQS

Have a nasdaqary and enjoy the show.

We were supposed to trade lower today, as the poor Amazon missed their earnings estimates.

What to do with the poor Amazon?

Software stocks are clearly insane, led by N–which I happen to be long. There is a fervor grabbing hold of Wall street and I am hoping it will soon grip onto the shares of ANET, another one of my larger positions.

Gentlemen, I give you TWENTY NASDAQS on this friday afternoon, not as something to get giddy over–like little cleaning ladies laughing in the bathroom as they toil away at the grout– but as a token of appreciation for your attendance.

Enough with the laughing, now get back to work.

About that $FMSA Trade and More

Before time moves on and I forget to post about the FMSA trade, let me explain how I knew it’d work.

FMSA is a frac sand company. This is an industry that was pistol hot a month ago, with SLCA, EMES and HCLP all hitting new highs. By the time they were ready to IPO, the expected range had been lowered to $16-17 due to market conditions. When they came public, the frac sand space was getting annihilated. It was the worst possible time for them to IPO, especially since they had no institutional backing or a solidified retail shareholder base. The result was a rout in the shares, far exceeding the declines in other sand plays.

When I bought into the stock, the sector had the appearance of bottoming out. FMSA’s losses, however, were twice that of SLCA’s. I knew that if the sector rebounded, it would move twice as fast, if not more. I was right, made 30%+ and now I am moving on, which is probably a mistake since the stock will likely trade above its IPO price of $17 in the not so distant future.

Let me tell you something about Wall St, buying and selling stocks. Anyone can do it. My best days trading occurred when I was brand spanking new in the business, early 20′s, without a care in the world. I’ve mentioned my first big trade here many times, which was $6k into AOL turning into $250k in a little less than 3 years time. I had little understanding of the market, only extending to my encyclopedia like memory of stocks, profiles and sectors. The older, more experienced, you become, the less risk you take. Age, inherently, is the ultimate arbitrar between fear and greed. When you are young and have never failed, your inhibitions are without boundaries, invincible, God amongst mortals. After you get dinged a few times, you don’t want to get dinged anymore. As such, you become careful in the manner by which you conduct yourself.

Ignorance truly is bliss.

Trust me when I tell you, the ignorant trader has a short lifespan, albeit an exciting one. The momo chasing gets old quick and before you know it, you’re starting over again.