Fly Buys: LVLT, HBAN, CMG, TSYS

I bought 125,000 Level 3 Communications, Inc. [[LVLT]] @ $1.25ish, 50,000 Huntington Bancshares Incorporated [[HBAN]] $4.25, 2,000 Chipotle Mexican Grill, Inc. [[CMG]] @ $96.39 and 5,000 TeleCommunication Systems, Inc. [[TSYS]] @ $8.70.

UPDATE: I bought 2,000 SandRidge Energy Inc. [[SD]] @ $9.79

Disclaimer: If you buy the above stocks because of this post, Mickey Mouse will kill you in your sleep. And, you may lose money.

I’ve been spending the entire morning looking over the market and building a buy list. I must admit, it is getting incredibly hard to find “cheap” stocks, which is usually a sign that the market is overheating. Nevertheless, I will make it my business to bank some quick coin, get the fuck out, then throw empty pina colada mugs at my trader/servant.

Thus far, for a trade, I am eyeballing Chipotle Mexican Grill, Inc. [[CMG]] and Eastman Kodak Company [[EK]] . Additionally, I will add to my TeleCommunication Systems, Inc. [[TSYS]] position.

Within my portfolios, I am most impressed with Alcatel-Lucent (ADR) [[ALU]] . With the market shooting higher and the technology revolution commencing, the morons from Alcatel-Lucent (ADR) [[ALU]] can rectify their underfunded pension situation. If you are interested in playing the 4g roll-out, seriously, ALU is a must own, since they have their filthy French hands in everything.

Finally, at current levels, I may buy back Level 3 Communications, Inc. [[LVLT]] for a dice roll play. The company is turning its business around and would make a great acquisition for a number of telcos.

It always intrigues me to witness social hierarchies, live and in action, especially of the foreign variety. I am talking about how Brazilians look at people from Uruguay, Japanese at Philippines or how the Northern Masters of the United States look at the Southern rednecks. In this particular instance, I witnessed sheer belligerency of the South American variety. It was so out of left field and so fierce, I will remember it forever.

Basically, egregious insults were tossed into the laps of unsuspecting “Pureco Indios” (obviously of Central American or Hispanic/Indian descent) for “looking ugly.” I do not condone such behavior, unless of course against our Southern field marshalls. However, I must admit, it was just about the funniest thing I have seen in many years. Imagine being on line, waiting for some Disney ride and someone is holding an embroidered handkerchief to her face, while exclaiming out loud “Puerco Indio” to the young couple (no kids) directly in front of you. My initial reaction was outright embarrassment, until I grasped how insane the insults were, in such a bold, yet aristocratic manner.

The point of this story is: no matter how well you fuckers trade or blog, you are still “Puerco Indios” to me, no offense to real Indian pigs.

As for iBankCoin and the markets:

Many thanks to The Option Addict for filling in on Monday and the iBankCoin staff, for melting down my fucking traffic to a small pencil, down 40% in a short week. Aside from the traffic disaster, the content was terrific, as always.

The stock market is on a “retard beer run” to 10,000, no matter what. I intend to deploy my 35% cash position in a variety of ways. However, I am hoping to buy the dips, instead of chasing the rips. One sector that will receive my investment dollars are “travel and leisure,” excluding airlines. I will be looking at Hotels (Hint: Orient-Express Hotels Ltd. [[OEH]] and other industries that benefit from prosperity. Believe me, I am not ignorant to employment data, despite acting like it’s 1999 and I have a suitcase full of dot-com certs. To be clear, I am simply trying to place my investment dollars ahead of the pack.

In short, “The Fly” is back and he brings the blessings of all the stocks Gods with him, for your ungracious benefit.

Puerco Indios.

“Christmas is over and business is business.”

Developing…

The summer winds of reflation have sparked an epic short squeeze of Koranic proportions. Every manager with a series 7 license is buying Apple Inc. [[AAPL]] on margin, in order to celebrate Steve Jobs’ new liver. While I agree with many of the optimists, particularly on the topic of renewed economic growth, businesses are still struggling mightily alongside the average hamburger eating American getting poleaxed out of their pathetic jobs, with great vigor.

My target on the Dow, from the very beginning of this rally, has been 9,500 Dow, 1,000 S&P. Believe me, it is tempting to up those targets, rationalizing my long positions—while hoping for more. The reality is: at current levels, the risk/reward ratios are becoming unfavorable for a balls on the guillotine position. If you have big dicked gains, sell some stocks and go litter your local beach with empty beer vessels. If you are heavily short, down a fucking mile deep in losses, hang in there a little bit longer and average up on your positions.

Aside from the fact that the housing market is set to endure another round of ARM resets, the market always rapes market participants of their coin, during the months of September-November. Be smart; don’t be a jerkoff.

While on vacation, “The Fly” will not be executing any trades, no matter what. If people do not like it, they can go fuck themselves and find a new magician. However, when I return, I intend to bolster my cash position further (currently 32%) and look to initiate some short positions, especially in the banks.

See you dumb fuckers in about a week.

Senor Tropicana, in between errands, sold some more Ciena Corporation [[CIEN]] and a few other items, in order to raise his cash position. The market looks great and people are doing lines of blow off the bronze statue down on Wall Street. Hence, I want to be a net seller here, especially when Jim Cramer is fondling stuffed animals.

In short, I do not think the market will tank, any time soon. However, I do believe it makes sense to lock in hard fought gains, in exchange for a little peace of mind.

Bottom line: I still have about 70% of my assets invested, so I am not exactly jumping off a cliff here with these minor sales.

[[ERIC]] just won a bidding war for Nortel’s assets, beating out Siemens and Nokia. Alcatel-Lucent (ADR) [[ALU]] and Juniper Networks, Inc. [[JNPR]] are fighting eachother, quite feverishly, for a lucrative Verizon Communications Inc. [[VZ]] contract. Life is bountiful for the Barrons of Bandwidth, despite the economy sucking balls.

Remember, AT&T Inc. [[T]] is committed to trimming down their vendor list to a select several dozen. In my opinion, this bodes well for names like Alcatel-Lucent (ADR) [[ALU]] , ADTRAN, Inc. [[ADTN]] and TEKELEC [[TKLC]] .

People, these are parting shots, if I might be so bold. “The Fly” is set to embark on a mini-vacation of sorts. Purposely, in an effort to extend my lifespan and lower my blood pressure, I will not being watching the markets, whatsoever. I might post a few times, late at night, to tell you about my adventures with Mickey Mouse and the gang. But, for the most part, you will be on your own.

I know this news is almost as bad as hearing, for the first time, the tooth fairy and the sandman are fake, made up by mentally ill parents. But, it has to be done; therefore, it shall be so.

In order to prepare myself for a “worry free” vacation, I have delegated my business responsibilities to someone extraordinarily irresponsible. This way, when I return, the value of my steady hand and perfectionist ways will rise in value, sort of like my stocks, sort of like my life. And, by the way, I will depart having no less than a 30% cash position.

In short, life is good at The House of Fly, with year to date gains just short of 65% and balls the size of cannon grape. Once Flotek Industries, Inc. [[FTK]] goes “gorilla with a grenade” bananas on the market, my gains will be north of 75%. Indeud.

As for the blog, I am giving headline power to all tabbed bloggers. So, while I am away, you can enjoy the mysterious ways of Woodshedder and his southern charm. As you could imagine, Mrs. Fly is in a frenzy, trying to pack enough clothes and supplies to sustain us for several lifetimes. During tomorrow’s trading session, without a doubt, I will be sent off to complete a variety of last minute chores, none more important than the next.

My final market related post, at least for the next week, will be delivered to the internets tomorrow evening. Proper attire (tuxedo, white gloves) is mandatory.

To iBankCoin’s annual Champagne Party, hosted by “Le Fly” and his staff of white glove wearing butlers.

Dress code will be enforced, via severe baseball bat beat-downs at the door. Men: You MUST wear a Ted Baker blazer with a fucking pocket square. Additionally, if anyone shows wearing an Ed Hardy t-shirt, there is a better than average chance that your life might end, outside of the Champagne Party.

If your watch is not a conversation starter, then it must be boring. BORING WATCHES will NOT be tolerated. Quit having a boring watch: Quit having a boring life. Moreover, if anyone is caught wearing shoes with rubber soles, you will be shot on site. All Champagne Party participants must wear shoes that cost more than $400.

And, finally, all female “Champagners” must leave their fat friends at home. If you want to feel good about yourselves, go to the fucking gym and get fit. Dragging along some sad fat friend, just so that you can feel better about yourself, is equal to Chinese water torture. As you know, torture is strictly prohibited at all iBC Champagne Parties.

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