Cajun Wins, Yet Again

What the fuck? SOLF is sprinting higher on egregiously good earnings.

Someone give that man (Cajun) a box of chocolates or a basket of heart shaped grenades.

Nicely done.

UPDATE: If you notice, the market data and embedded quotes have vanished from the site. Apparently, our IT guy, Jeremy, is on vacation in Jamaica. In his place is the backup guy, Vincenzo. In an amazing twist of events, Vincenzo spilled an entire bowl of meatballs and “gravy” all over the iBC servers, effectively throwing the site into flux.

Fuck you, Vincenzo, fuck you.

for egregious services rendered. Google it.

Developing…

Yes, Guy Adami is an idiot.

You’re welcome.

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

Another big day for “The Fly” aka “Senor Tropicana,” up another 3%—spearheaded by the retards who invest in financial and Chinese stocks.

Late in the day, the ethanol racket fell apart, due to some profit taking. Not a big deal. In my opinion, they’re to be bought on dips.

I’m very busy right now. Hence, I do not have the time, nor the inclination, to guide you miserable midgets—at the present.

However, i will tell you, being long energy and short financials is a grande [sic] scheme. And, being long gold, via [[AUY]] and [[DGP]], will bless your children with a much larger inheritance, once you finally die.

In closing, I am short term bearish on the markets, with a bullish appetite for low quality energy stocks.

Be well, or not.

Oh boy are the bulls a nervous group of loosers [sic]. Just yesterday, we were heading to 15,000. Fast forward one day, we are now setting up to retest the March lows. However, if we are to retest the March lows, shouldn’t that already be “priced in,” effectively allowing the bulls to shit down the decapitated necks of the bears?

I must admit, “The Fly” would love to see this market trade down to, oh, let’s see, 9,000 Dow. I can’t stand the market, with its constant “pricing in” mechanisms.

Regarding shorts, I like [[LEH]] and [[MER]] here. If you’re lazy and want a broad basket, go with [[SKF]].

In short, it appears the reality of run away inflation and a fucked consumer is finally hitting home, leading to knifing equities. At the moment, I am short financials, China and long energy— to sum things up.

As a reminder, my energy positions include: [[ARD]], [[NOV]], [[RIG]], [[FTK]], [[VSE]], [[BIOF]], [[AVR]], [[PCZ]] and [[CLNE]].

Don’t forget, the dollar is being “prison raped” today. Getting long gold, in a big way, is a fucked up way to invest; but it may lead to obscene profits—in the near term.

Top pick: FTK

UPDATE: Corn is weakening, late in the day. Should that fucker reverse, you want to get long ethanol producers in size.

Once again, the crappiest stocks known to man are running. They are sprinting, if I may be so bold.

Thus far, I’ve bought a few turds, namely [[BIOF]], [[AVR]], [[VSE]] and [[FNSR]]. However, my watch list is far more extensive. Quite honestly, it is appallingly iniquitous.

While you’re at it, keep a close watch on: [[MPET]], [[FUEL]], [[DNE]], [[END]], [[GGR]], [[AEZ]], [[BMD]], [[URZ]], [[JDO]], [[BCON]], [[OMNI]] and [[GSX]].

If you notice, I only selected energy related turd, thinking speculative “dice rolling money” may find its way to the lowest grade energy stock, with oil near $130.

The bigger picture is much lower equity prices, as a whole, in the near term. So, any gambling done on your behalf should be executed with extreme caution and in very small numbers.

I bought 3,000 [[FTK]] @ $18.90 and 5,000 [[BIOF]] @ $3.83, 5,000 [[FNSR]] @ $1.68, 5,000 [[VSE]] @ $7.33 and 2,000 [[AUY]] @ $15.72.

UPDATE: I bought another 10,000 BIOF @ $3.94. And, I bought another 2,000 FTK @ $19.15.

Disclaimer: If you buy the above stocks because of this post, you will suffer from a grave case of erectile dysfunction. And, you may lose money.

Keep a close eye on the price of corn. Should corn drop, while the price of ethanol remains high, ethanol stocks will fucking rip the heads off the shorts sellers.

Already, there is nice action in [[PEIX]], [[BIOF]], [[AVR]], [[XNL]], [[GPRE]], [[MGPI]] and [[VRNM]]. Unbeknownst to me, [[VSE]] is lagging the group today. On any dip, I will be buying more.

As you know, the general market tone is bearish. Frankly, it’s time to take some money off the table and get short.

In my estimation, [[FXP]] and [[SRS]] represent the best “value,” playing the downside.

With oil expensive, I love [[FTK]] here. From what I understand, the company should be giving quarterly guidance sometime this week or next. I know a few drilling companies that operate in their geographic region; they are net buyers of the stock. If they could get their fucking act together, the stock can print as high as $50.

Finally, it’s worth declaring, gold will be printing all time highs soon. Write it down. Within the space, I like [[DGP]] and [[AUY]].

Playing the downside, I default to the “Reverse Four Horsemen”: [[FHN]], [[DSL]], [[FED]] and [[CORS]]. And, for good measure, I hate [[LEH]] and [[MER]] too.

Developing…