Best & Worst Industries

Greetings distinguished gentlemen and low-life degenerates of the interwebz. (sic)

It’s summer and the volume is light. Sure we’re rebounding back but not on the volume of the last sell off.  I *may* enter some positions, but probably not. Truth be told I’m looking for other businesses that produce a steady somewhat passive income.

If you’re still eager to get in the market, I’ve attached the top and bottom industries according to the wildly successful PPT.

On another note,  I told you I had “gone fishing“, didn’t I? Being the man of my word I have been. I  caught a big Pike yesterday. Before that fish something else that is rare but cool happened. I caught a perch and was using it as bait as I *thought* I saw a true monster lurking in depths near a drop off. So I took the perch still on the line and cast it shallow then pulled him out through the drop off. Sure enough as it was right near my boat a true fucking monster came eating the smaller fish (maybe 6-8”) whole and took my line with it. The leader I had on was for bass and this monster destroyed it in NO TIME. Had I had steel wire, I’d be with a fucking trophy right now.

You see, between fishing and golfing and other “leisure activities” I’m quite busy. I’m not a money manager and as a result the stock market isn’t that “appealing to me” right now. Should we have a decided move on heavy volume higher… I’ll be more enticed.

Finally – What kind of fucking lame ass society do we live in if THIS is a headline “First Lady Revealing Too Much!?” GOD HELP the sex life of whoever is married to someone who thinks those shorts are too “riské” (sic). What a bunch of fucking prudes.

I even heard someone refer to them as “Short Shorts… No, those are not “short shorts”, these are:

Louis Bachelier was right, you’re wrong as you usually are. His most brilliant insight and contribution to stock market theory is:

“contradictory opinions concerning [market] changes diverge so much that at the same instant buyers believe in a price increase and sellers believe in a price decrease” and he goes on to say “it seems that the market, the aggregate of speculatators, at a given instant can believe in neither a market rise nor a market fall, since for each quoted price, there are as many buyers as sellers”

As a result, he concluded that the market is a fair game where you have 50% chance of increase or decrease at any given time.

What’s this telling us? Half of you are totally wrong at any given time but believe you are right.

(Taken from Chart Addict’s Blog)

Look how far we’ve come from the lows, lows so low that people were scared of armageddon. These people were preparing bunkers, going to gold bullion, buying shit loads of canned goods for christ sake. I’m not here to be Dr. Dooms Day but we’ve come a LONG FUCKING way and a characteristic of a bear market rally is it usually sucks everyone in near the end as it’s gone on sooo long that those who missed it figure we’re done.

I’m smarter than that, and I’ve banked some good coin in the last few months. As a result I will continue to do nothing. It’s funny, I’ve been talking with a broker friend who said we’re going up this week, I said down. Yes, yesterday I got an email saying “I’m right, as I’m always right”. Dow futures are currently down just about what we “got back” yesterday.

Something I have observed of the human condition is this … When stock prices are high, everyone wants a piece believing they can only go higher, when they are low, super low people sell them because they are scared and believe they are going lower… The reality of the matter is both extremes are unlikely to be sustained and middle ground is the most likely “true value”. Interesting observation, no?

If you want to go buying equities, be my fucking guest, same applies for shorting them. I’m going to wait to make my money work because I can. Those scared of missing the pump usually get given the dump or some shit like that.

Tips hat, good day gentlemen.

I’ve got shit to do as I always do. I could go and find some graphs and post some potential setups for you but I don’t give a shit and you can do your own god damn homework.

I was thinking while driving about how if you spend a lot of time managing your portfolio, researching, checking the fucking ticker, that’s all time you have to incorporate to your such said “profit”. Time is money, time wasted looking at bullshit, reading bullshit posts and ultimately watching the tickers is all something you need to factor in.

Let’s say you’ve got a few million, maybe it’s worth your time, if you’re like the majority with a “bullshit 5 figure etrade account” you gotta check yourself before you wreck yourself.

Unless you’re a total dip shit you can probably use that time to make even more money and leave your stocks in good safe investments instead of all these “technical short term pop” bullshit that if you don’t sell same day or day after they quickly drop back into the hell holes they came from.

Truth be told, if I was really fucking rich, I’d possibly just give my money over to some money manager and let him go grey, get heart attacks and waste his life looking at a fucking ticker.

Today, I’m not doing SHIT except working on other projects. If the market wants to run higher “Cool”, if not which I kinda hope in a weird way … I”ll have better buy ins on some of the bigger more stable names that interest me.

I’m predominantly cash, just have some positions left which aren’t going anywhere.

Have a good day and don’t forget to factor in your time, as it’s the only element of this equation that can’t be replicated. You can win the lotto and get stupid rich tomorrow but you’re not winning a “time lotto” so to speak…

A friendly message from the King of the PG.

Swift Kick to the Scrotal Region – Thanks Nat Gas

I”m bored as hell and my balls are fucking killing me from being busted by the foot of that burly beast of a woman behind me. In this case the pig is HNU. Natural Gas is getting it’s balls kicked in and I’m in for the ride.

On a side note, I don’t give a shit about this “Down Day”. I sold all my dogs last week and have very little exposure to the long side now relative to last week.

I’m in HNU on the TSX @ $4.95 in a decent sized position due to some overzealous buy orders. If it breaks ~$3 I’ll start to worry, I’m not so much worried now as in pain from the whale of a woman(HNU) busting my balls. On top of that all the news regarding Natural Gas is just plain horrible.

Looks like the market just dove off a cliff this morning. Futures across the board are down and many people who bought Friday must have a considerable frown.

As some of you who follow the timely yet arguably relevant info being pumped out of this blog know I sold the majority of my holdings last week in a fit of rage, spurred from a dream and delayed by greed.  Most of the stocks I sold, even before today were still acting horrible so even if we rallied hard today, I’d still not regret my decision.

Picking stocks is like picking women(or dudes if you’re a chick) to be with, there are countless opportunities, fundamentally some are garbage but technically at the current moment they may be good for a short time pop, or squeeze if you will. What’s funny is that although they may look attractive short-term in the long run you usually regret ever having anything to do with them.  That’s how I feel about the stocks that I sold, they were mainly garbage and if I had access to a time machine I never would of bought them. As a result I’m glad I ditched them when  I did, which for the most part was ~B/E.

For those of us with cash, this is “all right” let’s let the market sell off and we can buy in cheaper, for those who put their life savings in the market on Friday… Not sure what to tell you.

I have not been around “Wall Street” that long, but one thing I do know is that those who show up to the party last, usually get stuck with the bill.

Ya I’m still “gone fishing” so to speak. I’m here but I’m not going to do shit with the market. I’ve got a weekend of fishing, drinking, camp fires and other unmentionables and god damn, it’s so fucked looking at how much cash I have in my accounts. I digress.

What’s “Da King” thinking!? Well, I’d like to REBUY Suncor (SU) @ $30-32 CDN, and ABX on the TSX @ ~$35. Both are in big trading ranges, flip side is both could BTFO at any given time should they exceed such said ranges. That said, statistically speaking they probably won’t. Many of you goat fuckers (myself included from time to time) buy on the break out thinking of great riches that will be bestowed upon you when it breaks out further. That’s a fucking chumps game, “All Hail the Asshole Dip Buyer“. Read it and live it.

You see when you buy near the top of a range you’re setting yourself up for a nice possible gain or MORE REALISTICALLY a shitty loss for a while as it goes through its’ “range again” only to hold for a few months to get back to the price that you bought it at. It’s a chumps game fellas, if you are buying top range have a mental stop.

Case in point? I bought GSS aka GSC.TO as I prefer to shop in my own currency thank you very much, @ $~2.50. Check this graph, I bought it on May 29th.

GSS – aka GSC.TO aka in new 52wk high territory, bitches.

You see, part of being the “bigger man then you” is exposing some of my good yet still lame trades for you to hopefully learn something from. Now, on May 29th look at the price, ~$2.40. I bought it when GOLD WAS BOOMING and played the role of one of the fine gentlemen I described above who buys on the breaking out hoping for the BTFO but then does not sell and holds through the entire range.

Had I been a wise patient man I would of taken a drag from my hand-rolled cigar, exhaled and said, this bitch looks like she wants to run. However she’s already ran some, considerably no doubt and the possibility of her having “more legs” isn’t so high right now. Then I would of gone golfing, or fishing or both and just “lived my life” for a few days, weeks whatever, look how that bitch tanked. I held it all the way through scratching my oversized melon. We all know GOLD has been in a large range  say on GLD from ~$85 ~ $100 for quite some time. IF you buy near the top of the range expecting it to break out past $1000 an oz, you best be sure or ready to wait. The wise play is to say statistically speaking we’re not breaking out this time as we’re range bound. You buy near the bottom of the range or NOT AT ALL or once it has broken through the range and is in that new territory, on a tight leash no doubt.

Most of you fucks don’t realize that there are thousands of setups, opportunities, hymens looking to be broken at ANY GIVEN time. If the stocks, industry you’re most interested in isn’t at a great buying level, just fogettaboutit for a bit and “eat a sandwich” so to speak.

That’s my rant for today, as a result I’m looking to buy Suncor ~$30-$32 & ABX on the TSX ~$35. I it goes back there, awesome, if it breaks out “awesome” I will catch another ride elsewhere as there is always  a train leaving the station if you have the $$$ to buy a ticket. You got that!?

Alright, last night I was doing some tinkering in The PPT and I found something that I found kinda interesting. This Oil & Gas Related stock had the LARGEST rise in daily hybrid score on The PPT of 96% – Fuck ya! Upgraded to SELL.

LNG – Cheniere Energy Inc

We live in a land of endless opportunity, you just have to go out and grab what’s rightfully yours.