Indeuuuuuuud!

 
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Monsieur Le Docteur (actual footage above) was toiling away in his mad scientists’ lab today in The PPT (located in a secure concrete and steel rebar-reinforced bunker buried deep beneath the last tree in Bed Stuy), and he came across a fantastic discovery that may very well account for the vast amount of winship I’ve been experiencing during this nine plus year secular gold bull.

Specifically, he reported this:

During all previous Oversold cycles (2.30 and below to 3.00) GLD traded up 85% of the time for an avg. return of 3.5%.  Best performer was IVN.

and even more curious, he finished with this additional information:

During Overbought cycles, GLD still went up 70% of the time for avg return of 0.76%

Could this be the very Grail that poor, waylaid Noble Sir Timmah was looking for?  The contrarian never-fail end to his troubles? 

I dunno, somehow I think he’d find a way to screw even this much up, but you never know.  Meanwhile, here’s IVN — the “oversold Tiger” mentioned above.   Ironically, I own little of this.  But then, I don’t high-volume trade much either:

Look upon the beneficence that The PPT showers upon you with the occasional freebie above.    Keep in mind, this is but one treasure from the horde of information waiting to be extracted from that pristine and beautiful engine.   How can you be so Pennywise a clown to eschew The PPT while risking a stark and foolish pounding?

Make haste, haste to give him laud, the Mage, the Fly of Harami!

That is all, carry on.

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No, not that.

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I hope you all had a fine Labour Day Weekend.   I spent mine fending off a myriad of stressful “deep nature” day trips (with all the kids) whilst trying to cajole–via overheating Crackberry Storm II — both clients and adversaries into a proper canvas and balsa-wood box which I plan to nail shut tomorrow morning and mail to Zambia, postage due.

True, I do this stuff because I love it, but I also do it for Barak and his indigent health care plan.   I want to make sure that shit is well stocked as it launches off the pier.

Given that The PPT is indicating at least a near term pullback, perhaps as early as tomorrow morning, I figure I’d take a look at some loooooonger term plays out there that may be worth taking a pinch of snuff and blowing some loose cash on.

Said loose cash should be in abundance as you all are reaping big gains from the TNA sales you’ve been harvesting as The PPT has directed you, yes?   

Or you’ve at least salted away a couple of dollars by following my direction in ANV or SLW in the last six weeks, am I correuct (sic), sieur?

No?

No matter, as I’ve always got more to give, though it’s questionable whether you deserve it or not…  I think at least two of the following three will work going forward to Christmas, or at least the time of the Turkey gods.  Let’s see if  you can figure out which I think are the best.   First, our recent wilting lady, CREE in a monthly chart:

Then there’s her somewhat zany half brother in the LED poison industry, VECO:

Then, just for giggles… there’s that one I told you to hold until you were a grandmother, or similar benevolant adult figure.  It really doesn’t need much comment:

Don’t lament that you were not here at the beginning of the bull in precious metals.  Rather, take advantage of a trend that still lives.   Andgo ahead,  fool around with a couple or three tech names as well, but be cautious, as those should be shorter term plays (within this year) than the PM’s.

Best to you all, and Happy Labours.   Try to keep hold off some of it, eh?

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Actual Photo of Fly Taking in Today’s “Winnings”  (IOU marker from Devil Dog)

Over at the PPT’s special “User Notes” running commentary section, otherwise known as “The Smoke Filled Room,” we are slowly, slowly, ever so slowly, mining the equity markets for all of their loose cash.    We are being quiet about it, and despite the clamor on this site, not too braggadocious– especially considering how efficiently we are picking the purses of the slug footed, tuft-eared mutual fund “management” drudges. 

That PPT.   That conflation of laser-sited market research and shared expertise, combined with the real-time shout outs of the elite membership… Hooo!  That sucker is hitting on all cylinders right now!   By Jupiter’s Stone, we may just suck all the stamped coinage out of this market before we’re done  — that is, all but the occasional TARP fund or whatever other “rescue” device Congress manages to filch from your pockets for eventual distribution into ours.  

It’s almost not fair.   Almost.   Luckily, we’re accommodating folk and friendly to strangers, so you can still join us and add to the fun we’re having.   So far, there’s still some dough in the market not yet claimed.   Come, give a hand. 

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In the land of Jackson, it’s a sad and blighted day.  Not so much as because of the over all portfolio performance — as it actually ended up today despite the laggard pace of the PM’s as they continue to consolidate last month’s move.   No, it’s sad because we’re tossing a soldier from the ranks today for gross insubordination.  Yes [[TSO]] fell below the $15 level again, and like Captain Bligh chewing apples seeds on the mizzen deck, I decided to make an example of him.  So I had him horsewhipped and thrown out into the street with the scallion leavings, bad porridges and other cobblestone-riding flotsam.

I had my stop set at $15, but the excellent execution of the House of Pershing took me out of my shares at $14.98, which is where I will leave that price (an ignonimous  loss of 6.43% since inception buy at $16.01) for the remainder of the week and/or until I find a replacement.   Because I “bought” every position in increments of $10,000 for purposes of this portfolio’s proper accounting, my next purchases will only use the $9,357 in cash left over from that sale.  

(As an aside, I suppose I should also make some allowance for the one third sale of [[TC]] yesterday, but that may be getting a bit overcomplicated for this grouping.  We’ll see how it goes).

The comments are relatively self-explanatory — I sold 1/2 the calls on my [[TBT]] position today, and probably should have sold more, but there it is.   Bruce gambled, and he won by selling early, as I sold my July 60 calls for $2.15 when TBT was just above $58.00.  [[TC]] remains a beast — like [[ANDE]], it’s over 70% since inception now,  while its exiled brother, TSO, remains a piece of dog offal.  

Be gone with it, and good riddance. 

 Jacksonian Core Portfolio Holdings Results

Name	10-Jun	11-Jun	% Change		Comments
ANDE	$    30.48	$     30.70	0.72%		Crawling up the trendline again.
EGO	9.13	9.15	0.22%		Nowhere on light volume.
GDX	40.80	40.92	0.29%		Closed right on the 61.8% retrace
GLD	93.86	93.70	-0.17%		POG actually up $4.10 today.
IAG	10.21	10.08	-1.27%		Mirroring the GLD chart.
MON	85.85	86.85	1.16%		Sold 25% more MONGO’s today at $12.70 (+63%)
NRP	24.01	24.21	0.83%		Still laboring, looking for $24.60
PAAS	22.15	22.61	2.08%		Stochs turning up again, low volume, though
RGLD	43.90	43.92	0.05%		Looks like it’s headed for the TL again (43.60)
SLV	15.01	15.13	0.80%		PO Silver up about 24 cents.
SLW	10.18	10.26	0.79%		Touched trendline, and rebounded.
SSRI	22.75	22.81	0.26%		Stoch up on low volume too.
TBT	58.77	57.52	-2.13%		Sold off as expected.  Sold 1/2 July Calls.
TC	11.32	12.13	7.16%		Godzilla rebukes me for selling some yesterday.
TSO	15.35	14.98	-2.41%		Sold on break of $15.  Frozen @ $14.98 price for the month.
AVG (daily)			0.56%
AVG (monthly)			-0.32%
AVG (inception)			25.50%

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(Lights up,  Joe Mantegna on a straight wooden chair, simple table, lone ash tray and lighter on top) (Single spot on Joe)

(lighting Marlboro Red)  Look.   Look here.   Look, I will tell you what.  I will tell you this.  This is what I will say.  

These PPT guys.  These guys.   These PPT guys.  (inhale, hold)

What?  There are women too, yes.   (exhale) Yes.  Women and guys.  PPT guys and women.

This is what  I will say:  These PPT  guys can pick some stocks.  Some fucking stocks.  You would not…  No you would NOT.   I assure you, you would not.  There is no way you would.

What?  What?  NO!  I cannot…. I can NOT.  No, I canNOT.   I cannot give you that information.  About the stocks.  About the picks.

(getting animated)

You see, these picks.    The PPT picks.   The PPT picks are for closers.    Closers.  These PPT guys?  They are always closing.  They are always winning.   They are… how can I describe it? How can I describe it to you?  (checks watch)

Okay, okay.   Hold on.   Hold on  a minute.  (drag on cigarette) Hold on.  I will tell you.  (Exhale)

There is a guy there.   His name is “I-Win.”  I shit you not.  His name is “I Win.”   Can I be clearer?  Hello?  Hello?  The man’s name is “I win.”

He has a cat.  What?  A cat, yes, but that…  But that is not important.   Let me tell you, that is not important.  What is important is this:

I Win does two things.   He closes, and he wins.   He wins and he closes.  It’s simple.  It’s magic.   It’s simple magic.  His name… the man’s NAME is“I Win.”  He wins.  Am I clear? 

(drags on cigarette, holds)(pause) (exhales)

Sometimes, even… sometimes,  I win too, when I Win wins! (animated)   Other people win too!  Would I shit you?   Would I?   I would not.   I would not shit you.

No.  Stop.  Full stop.  STOP.  STOP.  This is wrong.  This is all wrong.  This is wrong.   (Pause) Let me… no, stop.   (Pause) Let me start again.   (glances at watch)

(Ten beats)

Have you spoken to the Fly?  (pause to look at audience, make eye contact)

I asked if you have spoken to the Fly?   The Fly, he is the one.  The one to tell you.   He will tell you.   Why would he not tell you?  He would tell you. 

He will tell you the same thing.  Hell, anyone would tell you who has seen it.   Anyone who has seen it.  Not just the Fly.  Anyone.  Anyone would.

Do you think I would not tell you?  I would.   I am.  I mean I am telling you.   I have seen it.  We have seen it.  They have all seen it.    (Pause)

It is extraordinary.   (pause)

“Extraordinary,” yes I said that.   But they all say that.   “Extra-ordinary.”  Like that.  Say it like that.  Say it.  No – You say it. (pause)

You need… to ask…. the Fly.  He.  Will.  Tell.  You.    He will tell you about the picks.   The PPT picks.   He will tell you about the PPT picks. 

(One last look at watch).   Okay.  Okay.  (pause)

Okay, here is one, here is one.  Here is one.   One.  SQNM.  [[SQNM]] is one. 

Do not ask for more.   Do not.   Do not ask.

(lights dim, stabbing out cigarette in ashtray, fade to black) (/scene)

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Name	9-Jun	% Change		Comments
ANDE	$     31.30	7.49%		Another monster day, headed for $33 (61.8% fib)
EGO	9.21	-0.65%		Rasslin’ between $8.87 and $9.33.
GDX	41.09	-0.51%		Still consolidating last week’s moves.
GLD	93.83	0.29%		POG up again, too.
IAG	10.17	-0.39%		Still meandering.
MON	85.07	2.75%		Big move day, filled gap, sold half my calls from $78
NRP	24.11	0.75%		Looking for a breakout above $24.60 to “prove”
PAAS	21.71	0.98%		Still mopey, could see 21-ish again.  Resting.
RGLD	44.37	0.61%		Could see another touch of the trend line (43.15)
SLV	15.03	1.83%		PO Silver up over 2% as well
SLW	10.29	1.08%		Could easily see $9.80 again. Opportunity there.
SSRI	22.59	2.08%		Still in bullish wedge (down) could see $20.30
TBT	57.22	-0.12%		Completing a coil of beauty, still headed to $60
TC	10.58	8.62%		Could get to 10.96 tomorrow.  Strong like bool.
TSO	15.51	-1.08%		Very close to being canned.   Cannot recommend.
AVG		1.58%

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Don’t says we never gave ya nuttin’.   [[SPAR]] is currently #4 on the PPT’s Top Ten List.  

The fib lines are a bit thick, but the price closed on Friday a good 15 cents north of that long term 38.2% line you see there, at $10.49.  

You want to know who is numbers one through three?   Sorry, I am not at liberty to disclose…

I’m afraid you’ll have to ask the site’s proprietor. 

Who knows?  He might have eaten some bad mussels last night and as a result become inclined to sudden spasms of generosity.   It is Sunday, after all, and stranger things have happened on Sunday.

Best to you all.

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There’s that bloody pullback we were talking about last weekend!  Um — No need to overdo it, there, brother!   We don’t want to scare any new Jacksonians away now, do we?   

Well I can’t say this wasn’t expected, although the bludgeoning of [[TSO]] is a mite much in my opinion, and may warrant some additional consideration, should it continue much past the $14.80 level, where I would consider it more than a bit damaged.  Obviously VLO and WNR are the culprits here, both pointing to an overcapacity in the business and possible need to raise capital (on WNR‘s part) allegedly.  As you know I was short the June 17.50’s, but even that money doesn’t make up for today’s bludgeoning.  I may just reshort the 15’s, here and exit if that is my fate.   TSO is something of an oddball (like MON and ANDE) in that it’s not directly commodity related, but rather peripherally.  

In short, I’ll let you know what I decide, but for now, TSO is on the “back alley execution” list.   Even though I bot most of my TSO below $10, I recognize that it’s only “Jacksonian” from the official start date of May 1st, so I will account for the loss (bot @ $16.01) from that date if I take it.

The good news is I think we may have a new Jacksonian entrant.   I began a “starter” position in [[PTM]] today,  at $15.14.   As I type, it’s about a dime below that, so I may add before the day is out.  If do add PMT to the JCHP, then I will likely kick out TSO, at a loss.

In other Jacksonian news,  [[TC]] is getting its socks rocked, in one of it’s now familiar one day pull backs.   Perhaps I’ll remember to sell the calls when I should next time.    As it is, it’s filled that $9.59 gap from last Friday, and I shall probably add a small amount more today.

[[EGO]] has tested the rim of that long term cup that was in formation from July of last year.  I expect it should hold up here, and I will likely add a small amount from recent biotech winnings to my pile here as well.

[[SLW]] I would wait on, now, to see if it can’t fill that gap down around $10-.   Gap fills have been excellent buy opportunities as of late.   [[SSRI]] ($23.38) and [[PAAS]]  ($22+ ) are both at good accumulating points, here.   Also if you feel adventerous, non-JCHP double Silver ETF [[AGQ]] has pulled back nicely here, too, but you may want to wait to see if it fills that gap at $52.30.

All the JCHP golds are accumulatable at these levels, right now, and I’d grab RGLD first, as always, and GDX is always a good “backbone” hold.

Caveat:  As always, I offer my opinions only, and not the usual advice for which you consult your local gypsy palm reader.   If you decide to follow me into the Jacksonian fold, it is because you are a person of independent means who spits in the face of market carnage.   Just remember that here, even in this sainted borough of the iBC Website, you can most assuredly get shot.   Trade accordingly.

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Update: I bot 2k more EGO at $9.38.

Update: I bot 1k more PAAS at $22.05

Update: I bot 4k more NG at $4.85

Update: I sold 4k TSO (25%) at $15.02

Non Jacksonian Update: I bot 10k CTIC  (25%) at $15.02

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