Fly Buy: SRS

I bought 2,000 SRS @ $53.40

I’ve had a lot of time to think about my asset allocation. For the moment, I will overweight on the long side, at least until May. There is no way I enter the summer long equities.

Most likely, I will keep a good 10-20% in cash. I intend to make some pretty bold moves, which will be refreshing, especially since I’ve been acting like a big pussy.

Once gain, target shorts are ACC, WRI, MAC (2 points higher), HME , PACW and RIG. As far as etf’s are concerned, I will take a stab at FAZ in the teens and SRS in the 40’s.

I had a dream DUG went to $18. Therefore, I shall endeavor to buy it at $18.

On the long side, people think the recession is over, no shit. That is why semi’s are spiking. I will entertain these delusions via a long NSM position.

I like construction firm PCR and mining play BUCY.

In tech I like LOGI, NTGR, JNPR and CHL. In finance, I like AMG. And in health care, I like Ci. If forced to play oil, I’d buy GMXR, for a squeeze. And, in retail, I like GES.

Oh, don’t forget the fucking railroads, via GWR.

[youtube:http://www.youtube.com/watch?v=IF2VsKdLqbk&feature=channel_page 450 300]

[youtube:http://www.youtube.com/watch?v=vCZ7cshAkWY 450 300]

Certain such said suckers are suggesting that I seek solace in selling stocks, in order to bank coin. When will you fuckers learn? “The Fly” does not need nor want advice from the likes of you. He bounces to his own bombs. He dances to your debacle.

I went long thrice times today, only on a personal basis, via PCR, NSM and BUCY. While it’s true, stocks cannot keep running like this forever. It’s also true, when companies like BBY and FDX break-the-fuck-out, the game changes.

The game has changed because Americans are degenerate credit card wielding fruitcakes. People are spending again, somehow. It’s important to take note of that.

From restaurants to retail stores, stocks are on fire.

On a very personal noteworthy note, I will be putting cash back to work, in a very slow, methodical manner. So you know, today’s bullish thesis may become tomorrow’s bearish dissertation, if that makes any sense to you.

Trade like the wind and pray to curry favour [sic] with the stock Gods.

UPDATE: The PPT Top 10—

1 OCN 4.12 4.40 4.24 12.47% -12.73%
2 LFT 4.37 3.90 4.17 10.32% 41.41%
3 TCK 3.41 5.10 4.13 2.74% 23.88%
4 CMO 3.37 4.95 4.05 -1.70% 16.57%
5 TIBX 3.62 4.60 4.04 7.16% 38.23%
6 JJSF 3.72 4.45 4.03 13.20% 26.73%
7 SPIL 3.22 5.10 4.03 10.71% 24.62%
8 TNDM 3.97 4.10 4.02 4.15% 18.71%
9 DNA 3.87 4.20 4.02 1.26% 11.63%
10 SUR 3.27 5.00 4.01 17.94% 11.63%

I bought 2,000 BUCY @ $16.05.

So you know, I locked HORATIO CLAWHAMMER in a closet lined with lead, in order to have a little fun, playing the long side for a trade. As you know, I only bought two positions, PCR and NSM, mainly because I find it difficult to get knee deep here, AFTER missing out on the most awesomeness run in the history of equity markets.

And, also, I think stocks are for dipshits and shall/will trade lower, eventually.

However, providing the trannies keep going higher, I am comfortable with a few longs.

For the love of global warming a dead polar bears, I am about to get heavy into this market and need to feel out what might work or fuck me. So, in the meantime, you can just sit there, like the sad sack of shit that you are, and simply wait, mind you, for “The Fly” to offer cogent guidance.

I bought 2,000 NSM @ $10.75.

I bought 2,000 PCR @ $13.56.

I’d like to buy some FAZ or SRS down here, but the wretched transports are up too much. I have assets available to trade, namely my own personal accounts and intend on expressing myself, via a buy or sell, later on today.

On one hand, commercial Re names, my favorite to hate, are sucking the tits of Mars, if there is such a thing. Some of my least beloved names, ACC, HME, WRI and MAC look like shit. However, simultaneously, stocks like FDX, HPQ and BNI give you -6%+ gdp lovers hope.

On the long side, stocks like MU, WNR, SUN or PCR look advantageous, for a trade.

In short, if you are thinking about shorting this market, hold your horses. In the meantime, behold the greatness of a -6%+ GDP revival!