Kicked in the Balls

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.

I bought a few tiny positions yesterday and closed out a few more today most notably Suncor (SU). I’m not liking this action at all and frankly, I don’t care where the market goes from here.  We’ve had a most epic run the last few months and I’ve made some decent coin.  I still have some positions open and I had big cash reserves relative to my portfolio before I even started selling stuff the other day.

The fact that I’m impulsive and love fucking around with my brokerage account will be the death of me. To save myself from myself I”m “going fishing” the term just kinda fits, but in reality I will do some fishing and mainly just play golf as it’s more entertaining and hell, I already paid for it.

I don’t need to catch the inflection points and “make a killing on anything”. I’ve got it good and after watching that Paul Tudor Jones thing last night it made me realize, fuck dreaming of the profits, protect your capital.

If this was a war, and I was the general, I’d be back sipping tea while you pawns go out and risk losing your limbs. I don’t know where the market is going but I”m man enough to admit it. As a result I’m not putting much of my ammo into this current battle.

I’ve got things to do, important things. I’m sitting here with a massive jug of water and a smile on my face.

I’m not smiling because the market’s going up again or appears that way and I sold 66% of my SU yesterday, I’m smiling that GOLD is kicking ass and as a result one of my major holdings EGO aka ELD.TO looks oh oh oh so close to making new highs. Indeed.

Also, most of the stocks I sold the other day are still depressed because they are shit companies I never should of given a dime in the first place. I could say I wish I had kept 50% of my STAR but that’s asinine. I sold a tone of equities shotgun style, bound to be 1 or 2 that react better than expected, of course no way of knowing except after the fact.

I watched some of that Paul Tudor Jones last night until I was forced to leave for a pre-arranged dinner arrangement. I suggest you check it out, it’s quite fascinating to see someone that passionate and good at something, refreshing really.  If you watch “Trader” I suggest you go to 14:20 and listen to his economist assistant. “You don’t have to catch the top tick”.

EGO – ELD.TO

I was just checking in on The PPT to get this graph and it turns out Cramer has been talking up and thinks it will double. Not sure what that means but people are sending in buy orders and I won’t argue with that.

P.S: Obviously I heard about, thought about and bought EGO AFTER reading all the great material and backing provided by none other than “Jake Gint” if that is his real name. The link is to one of his many posts on the topic of EGO & of course precious metals.

P.P.S Everyone is going all “ape shit” that Paulson bought such a large stake in BAC and that “we must be out of the recession”. Who knows, we may be. Just remember that he didn’t buy it YESTERDAY he bought it months ago ~ $10. There is a big difference.

Ahh yes, I’m enjoying life and particularly my significant cash position with the majority of my gains LOCKED IN, the way they should always be.

I don’t care much what happens in the next little while considering the creature comforts of the cushion I’m currently sitting on. It’s quite nice, really.

So… Sold out of GU yesterday – HOMO-HAMMERED in earnings. Rev down 57%. Sold out of my entire PRGN – 60% @ $4.61 (Close) the other 40% @ $4.87 in after-hours. Kept SOL and it’s earnings are well quite decent considering JASO lost ~50% revenues and is getting the “homo-hammer of death” administered by none other than the CEO of ANF himself.

For some reason I stayed up last night to an ungodly time doing ungodly things… I’m most definitely paying for it now.

I think I’m going to go shopping today. Not for some consumer retail bullshit, you see you can dress a piece of shit up but it’s still a piece of shit. The inverse is also true which relates most accurately to yours truly. I think I’m going to start looking for another online business that has a hap-hazard owner. The kind of guy who is like a “Mule and a spinning wheel, damned if it knew how it got it and even more damned if it knows what to do with it”. Take that and add another stream into what is quickly becoming the “Funnel del Dubz” into a reservoir that grows on its own. For you, the uninitiated it means it’s passive income.

Before this most significant market crash I always thought of people who invested as those who lacked creativity. Why give my $$$ to some Joe Blow when I can better utilize it myself for returns!? Then you start getting more and more money until you get to a point where you say “Fuck it, why not let some grow their as well”.

As far as I’m concerned this “rally” that started magically on the 6th of March is getting well … Tired. That said I’m not totally out of the market but I have SIGNIFICANTLY reduced my risk, particularly by getting rid of the “terds” (sic) that I held too long. I could go into a SICK analogy but I won’t.

Current holdings:

Big Holdings:

HNU.TO -> Think UNG
SU
TGB aka TKO.TO
EGO – ELD.TO

Other holdings:

AIB
CPE – Getting ass raped
DSX
DVAX
EXK AND EDR.TO (Own it on both exchanges!?)
SOL
STAR
GSS – GSC.TO
NGX – NGX.TO

If gold goes under $900, mark my fucking words I’m marching downtown and buying some gold bullion.

That is all.