Beware of Faux Fuckery

I sold out of some profitable longs, but reserve the right to buy them back on dips. Much to Dennis Kneale’s chagrin, intra-day, market participants are scrambling out of the funnel, into large vats of acid.

Truth be told, aside from the financials, today’s action is not all that bad. As a matter of fact, technology names are doing quite well, specifically [[RIMM]], [[CSCO]] and [[INTC]]—just to name a few.

I look forward to reviewing, as many of you do too, the such said earnings report from INTC. It is my belief, they will report good numbers, based upon a surge of new orders in March. Moreover, I believe, INTC will guide higher for the rest of 2009. Let it be known, as it will be said, the semiconductors can be bought, providing inventories remain low. I will have you know, inventories are, indeed, very low, indeed.

For the remainder of the day, I will throw street lamps at my trader/servant, while sipping on a fine cup of Colombian coffee.

Also, if you insist on knowing, I am pleased with the rabid attack on the shares of [[ACC]]. The stock, without a doubt, deserves a dishonorable death.

Currently, I have one short position (ACC) and inverse etf exposure in [[FXP]] and [[SCO]]. Believe you me, I am tempted to go short here, reminiscing of the days when the country was on the brink of uncivil way. However, things have changed. People have changed. Obama has defeated all pirates known the Indian Sea. I shall and will endeavor to buy stock on this dip, instead of shorting into it.