I own RTK since the mid $1.40s. What a bizarre stock. This piece of shit trades over 2M shares in a three penny range. FUCK’in joke. Their business is a joke, their stock is a joke, but my position is no joke. I’m attempting to milk this turnip. So far I’ve been on the receiving end of a smooth drift lower.

Today I decided I will either cut the loss off, or double down. This decision came down to a ceremonial trip to the urinal. When dealing with bizarre stocks with bullshit business models, I base my investment decisions on whether or not I see a certain miscreant in the hallways, a mysterious man who roams my building reeking of booze who is often taking a piss. If he’s seen, take heed and sell. If he’s nowhere in sight, buy buy buy.

The drunken bozo was nowhere to be seen today, thus I doubled down on this turd, RTK. Aside from said stock buying practices, we could see support here and stocks only move while we sleep. See the following chart supporting the case:

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My greatest fear is more sideways shit. I want resolution.

I present for your attention the current situation with HFC, a Fly favorite in a Fly favorite industry. I’m long. And I want to see a close above $24.18 to get confident about this position going forward in the intermediate. Have a look at why, via the following daily and weekly charts:

My sell target is high $26’s. But there is risk this bounce won’t stick. I’ll cut the position if we lose $21.50.

May your looking back at 2011 provide valuable insight and your 2012 forecasts prove accurate.

A high beta semi name that I currently own from mid 8’s. If I liked it mid 8, I love it at 8. The way I see it, the daily’s are aligning support city around eight:

And on the weekly, I see clear skys on a breach of nine and room to run on the CCIs:

Stop Loss around $7.00, Target One around $10, Target Two $12+

I want to buy more stocks, and HFC has the look of something I want to own. Fly’s bullish on the sector, the books are solid, and I like where price is.

As far as price goes, the following are my thoughts on entry:

The daily chart looks a bit extended to the upside, thus I stalk, and look to enter on a pullback if the buyers sop it up.

UPDATE: I just reread my chart commentary and it sounded something like this, “Dah, me thinks dat stock go up and me buy and then stock go up dahh.” But I will leave it up and relish in how much I dread talking technical analysis.

I’ve been leery of RGLD at these prices for a while, and Fly’s graceful exit was enough for me to take half my position off. RGLD also has a cup-n-handle pattern forming. Seeing how participants react to this homo coffee cup formation will be telling. I drink my coffee straight from the pot and thus lend no credence to anything resembling a coffee cup.

Yesterday I sold LULU in the morning and felt like a fucking piker the rest of the day. After succumbing to the overlay for the underplay on LULU, I called all my Canadian friends and demanded protection money else they find a moose in their bed. I also trimmed off a tiny piece of my ADS while it performs the ceremonial hundred dollar roll.

I want now some small cap exposure. I bought some ENTG, STP, and RTK. I despise these stocks and don’t intend to hold them long at all.

I don’t like the action in the Euro dollar today, and I’m monitoring the situation closely via the six-e. If the currency does roll lower, I may need to do the stingray shuffle into cash and hopefully avoid taking a fucking barbed spear to the foot.

I like the price action today in WFM and used the recent pullback to increase my position. WFM has room to run here. I’ll trim some off around $72.00 but ultimately I think this stock goes higher, MUCH HIGHER!

The bounce is underway, and anyone who wants to own quality stocks into the yearend now must pay up. I’m still keeping a close eye on the Euro dollar, via the six easy-z’s. I want to see the currency go for a price discovery trip to the upside.

Other than WFM, I added to ADS with an expectation that the one hundred dollar breach, if held, will lead to $115 prices, maybe more. The stock has upside room going into year end.

Remaining positions include RGLD, AWK, GSVC, and a touch of LULU. LULU is not ramping like I want to see yet and may get cut. However, if LULU breaches $50 with some authority, I’m a buyer of strength.

I still have some cabbage on hand, about 40 percent.

Today is the rudder that steers us into the next few weeks, and it appears we go higher.

http://www.youtube.com/watch?v=g72IyGJhdVs&sns=em

Step outside the mahogany halls our benevolent Senior welcomes us into, let’s have a smoke and “talk about ‘tings.” New or old to Fly’s fine establishment, you’ve gotta love what he’s done with the place. I for one take great satisfaction in knowing places like iBankCoin exist. Places where gentlemen work feverously and demand the A game, all the time. Here you find fresh content, around the clock.

The Fly, a pseudo character, who’s built a legacy on the interwebs, doesn’t even give a fuck. Honestly. He threatens to wipe any trace of the site off the web and move to Romania or Puma Punku about three times a year, hahaha. I laugh, but when I stop and think about that possibility, well…I would be bummed. I can’t imagine Jake and Chess and everyone going forward, like a disbanded group of highway robbers. Right now we’re like a gang, fucking people up silly with mathematical precision and a touch of brawn.

Enjoy the greatness your surrounded by, and may you leave mediocrity in the dust.

Right now it looks like shit. I’m too busy to put charts in my post. Pull up an intra-day. It needs to find support soon to get this market really moving. If euro dollars find support and rip through $1.34 we’ll have ourselves a bona fide cocaine gorilla rampage into the close.

IF /6E stabilizes and begins ramping up during lunch, I’ll get my ADS position on. ADS has pulled back after getting jiggy this morning.

Back to work.

Update: Euro dollar continues its downward trot and appears unlikely to confirm the upward direction in equities. I will hold off any further purchasing until pricing of the euro dollar improves.

Update II (deux): Market squeezed higher at the end of the day and recaptured some key price levels while shrugging off the price action in the Euro. Tomorrow could get interesting if we see some constructive pricing in the /6E this evening in Globex.

I shed the SKF hedge Friday and that has me excited this morning as the financials are soaring premarket. My current longs; AWK, GSVC, RGLD, WFM will appreciate on the open, sure.

But my demand is pent up. I want more stocks. I’ve wanted them for weeks. They looked “on sale” last week, but weren’t catching a bid. Now we’re gapping up strong, and it may be short lived, but coin can be made.

I will watch the open for cues, and watch for any pullback and how it’s treated. I don’t want to be a criminal in the eyes of the law (J.C. non Christian). On my wish list are the following stocks:

LULU (selling dope off the iPhone), ADS (hundred dollar roll), WFM (MORE), BWLD (R/C fav)

Are you buying today? Is it a suckers bet? I sure would appreciate any commentary.

Regards,

Sold my SKFs this morning. The financials are behaving like they know something. Maybe it’s my plush belly full of food or perhaps being in the 6th inning of a major bender, but things look rosy this morning.

I will revisit the SKF post bounce. Because we’re going to bounce, squeeze, pump, and MORE!

It’s black Friday and shits on sale.