While it’s true, “The Fly” is into sticking his chest out and spitting on 2nd place finishers; he also likes to play “financial vigilante” in his spare time. I share my thoughts with you, not only to build a 1st class financial website, but to help those of you on the outside trick the trickers at their own game.
The arguing on this site is healthy; after all, we are men. Men are programmed, through erroneous DNA, to hate one another. That’s why we punch each other in the face at parties and cut each others arms off during battles.
I’d ring alarms if, all of a sudden, all of you miscreants started to play nice, planning trips with one another.
As for the market:
I was up nearly 4% today, thanks to my long positions in banks, [[UYG]] , [[RKH]] . My energy plays took a step backward. But, I was able to knuckle my way in at the lower levels today.
Cognizant of possible light volume, end of August trickery, I sold out of my bank longs and Lehman Brothers Holdings Inc. [[LEH]] . I don’t want to press my luck, with the economy at a grind here—only growing 3.3% for the Qt. (rolling eyes).
My energy positions are bountiful. I will likely take some off the table tomorrow, ahead of the long weekend. There are so many short positions out there; I expect they will get squeezed.
Also, I like Equinix, Inc. [[EQIX]] , Southern Copper Corporation (USA) [[PCU]] and all of the military stocks, including Northrop Grumman Corporation [[NOC]] , General Dynamics Corporation [[GD]] , AeroVironment, Inc. [[AVAV]] and Lockheed Martin Corporation [[LMT]] .
However, at the present, “The Fly” is into pressing his luck, via egregious long bets on Western Refining, Inc. [[WNR]] , [[DIG]] , [[IEO]] and Arena Resources, Inc. [[ARD]] .
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