Sideways Death

Another “ho-hum” day at the office, up 2.2%. I was up more, but that son of a bitch, FTK, fleeced me towards the end of the day.

I enjoyed “better than your local broker” gains in SIFY, GLW, FNSR, ATHR, GLW, ATML and CNXT, while many of you just sort wasted the day away. It’s a sideways consolidation death for maladroit bearshitters.

For those of you interested in soft porn, please visit the friendly confines of “Denninger Danny” sans the silly facial expressions and navy blue blazer.

Just so you know, I have a lot of shit to do in real life, with regards to general contractors and asshole heating/ac guys.

Top Pick: OVTI

People are walking around Wall Street dressed in cashmere sweaters, due to “extreme coinage” being produced at the local brokerage firms aka “Asshatteries.”

I don’t know how these fuckers did it; but it’s 2006 all over again and I am making “dot-com” bucks over here. If you are short the market, do not feel bad. Everyone has a specific place or purpose in life, sort of like the first guy to take a land mine to the balls, in order to save the rest of the company.

With my money, I am long ATHR, GLW, FTK, SIFY, TRID, DELL, FITB, FNSR, amongst many others. The long and the short is, I am up 2.98% intra-day, while slapping my trader/servant in the face with wet pieces of ham.

Unfortunately, I have not consumed adequate amounts of caffeine, thus far. So, without further delay, I shall head over to my local Dunk’ Donuts, so that I may rudely and abruptly request service from the minimum wage kids behind the counter.

As I speak, oil is extending intra-day gains, while the dollar is weak. Hence, we are about to mudstomp a few bears into the bell.

I bought 20,000 CNXT @ $1.26 and 5,000 ATML @ $4.16.

Disclaimer: If you buy the above stocks because of this post, President Obama will get voted in for a third term. And, you may lose money.

The dollar is down and oil is up; therefore, stocks will likely trade higher today. Most of my positions are green, merrily swimming around in a shark free environment.

Early this morning, MWA, caught an upgrade, effectively pushing Senor Tropicana in the black. And, as you can see, FNSR does not go down.

For the most part, I’ve got my positions worked out, sans and semblance if a real asset allocation program. I will be using strength to reshuffle my positions, in order to slow down my beta. My number #1 pick is still GLW, based upon robust LCD sales, worldwide. In my opinion, I think the stock prints $18, maybe $20.

Bottom line: If you are stupid enough to be short stocks today, you are playing with fire. All of the ingredients for a break the fuck out tape are present.

Trade accordingly.

Think about, fuckhead.

You trying to beat the U.S. out of the bank game is like trying to beat a long legged Ethiopian out of a marathon race. Your fat ass will come in last, each and every time.

Seriously, what did you think would happen? You didn’t think the U.S. would allow its empire to crumble at the hands of dumbass mortgage players, did you? While you are over there, acting a fool in front of your youtube audience, the lie is becoming the truth.

Everything is perception. The market is all about fucking with people’s heads. None of this shit is real. I work my ass off to receive some stupid paper, that is printed at will, by some new world order fuckers at the Federal Reserve. What sense does that make?

Yet, here I am collecting enough logs to fill a forest.

The market may trade lower, based upon traditional supply/demand equations, not some “end of society as we know it” type of trading.

When stuck in your ways, enamored with your own thinking, remember, you are nothing more than a speck of dust on top of an eagle’s ass, compared to the people who profit from this country’s immense prominence.

UPDATE: Best fucking toothbrush even invented.

I will send the bastards from Oral-B my invoice, shortly.

[youtube:http://www.youtube.com/watch?v=EYLIRHYoYr8&feature=related 616 450]

The late day weakness in the dollar resulted in a frantic short squeeze, much to the chagrin of the DevilDog crowd and others of his ilk. When will you silly bastards learn, there are mustard seeds everywhere. There is nothing you or your stupid friends can do to stop the ongoing rally.

My friend, buddy, pal, Danny, has a chart up that will blow chunks all over your face, whatever the fuckle that means. Shit is going up and down, all at the same time. People with 3rd grade math skills would deduce the market is trading sideways, with a very bullish bias.

So you know, “The Fly” has been busy dealing with general contractors (getting work done on house, ready to sell it), while juggling the responsibilities of an egregiously busy money management business and dealing with you bastards here on iBC and PPT. Needless to say, excess time is not a luxury nor a right for Senor Tropicana.

Bottom line: I liked the action in select banks and tech. To play the new iphone, I love OVTI, in a very manly, non-gay way. Also, I like TRID, FITB, GME and of course FTK. Accumulating FTK has become a hobby of mine. I sort of just hang around and say” hey, here’s 100k, let’s buy more FTK.”

The market trades up tomorrow. Position accordingly.

I bought 5,000 FTK @ $2.26, 10,000 FITB @ $7.35 and 2,000 OVTI @ $10.79

Dollar down/market up, like clockwork.

This sell off  is not scary at all, sort of like a baby pointing a loaded pistol. It’s true, I am losing some hard earned coin today; but it is a necessary development. I want to buy stocks on a dollar reversal to the downside.

Watch UUP.

God willing, this sell off will create some bountiful buying opportunities, specifically within the oil/gas space. I am using ERX, as my go-to ETF, to buy the industry in durress.

Once again, MVIS is taking the fuck off and OVTI, FNSR and FITB are holding up rather well, despite the DevilDogged Monday.

“The Fly” is fighting off egregious allergies and zombified bearshitters, all at once. My advice, wait for the dollar turn, for it shall set you free.

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