Developing…

Still Developing… (insightful post NOT pending)

More on  this later.

UPDATE: CNBC is a fuckery mockery. Just know, I am set on giving the whole staff of fucktards over there one giant asshat award—starting with that shill Jim “the midget” Goldman. Also, it’s worth noting, in Goldman’s predictions for 2009, he stated that AAPL shorts would get squeezed in ’09, once the ‘ridiculous rumor mongering’ was put to bed. How much is AAPL paying Goldman to say this shit?

UPDATE II: Don rocks out!

[youtube:http://www.youtube.com/watch?v=_Sd9TFiJJkE 450 300]

This is what it’s all about. Bouncing frozen Monster Energy Soda’s off your fucking heads.

Today’s meltdown solidified “The Fly’s” gains, year to date, which stand at +8%, give or take a percent.

Hence the term applies: “The Fly” wins all the time, even when he appears to be losing badly.

For the day, while roaming around the vicinity of my offices, I enjoyed monster rallies in my basket of inverse etf’s, including REW, SMN, ERY, DUG, FAZ, SRS and EEV.

Know this, you’re not qualified to offer “The Fly” financial advice. His “winship” is too great for the likes of you. You are better off leaving iBankCoin’s website, in exchange for a Tim. Go give those assholes advice, they most certainly need it.

As for me, I will conduct myself with great honour and offer condolences to those of you who bet against me—in due time. In addition, it’s worth noting, I have informed Mrs. Fly that we are to partake in the consumption of 2 1/2 inch rib eyes this evening, over a fine aged bottle of Bordeaux.

You can talk all you want. However, at the end of the day, I’m the Blogfather of this finance game, while you’re just some pathetic loser, with bleeding out positions, that are out of favour with all of the stock Gods.

Off to prepare for this evenings festivities.

[youtube:http://www.youtube.com/watch?v=X15It4sYLRI 450 300]

Let this be a warning to all of you.

You thought you were all smart and shit. I know your type. You had your little charts stacked high on your bullshit desk. You just knew the government bailouts were working. After all, they could print money forever and ever and ever. You thought “hey, this Fly dude isn’t all that bad. He is wrong. I’ll show him.”

Wrong again.

“The Fly” is one bad motherfucker and you, sir, are an ordinary fucktard, easily distracted and easily killed.

I warned you of the January boot stomp. You chose not to get involved. You and your fucking charts, your mindless, dick sucking charts, are now enjoying the sharper end of my blade. For what?

Your bullshit accounts are on their way to zero—all because your had to bet against Senor Tropicana aka HORATIO CLAWHAMMER.

When will you humans learn (“The Fly” is a space alien magician)?

Regarding the important matter of investing:

I covered the rest of my KIM short, south of $15.75. I covered half of my XOM short, south of $75.5 and I increased my short position in HANS, just south of $31. I did not touch my VNO short position. As a matter of fact, I didn’t even look at it. It’s too beautiful.

As you know, I have big dicked exposure to inverse etf’s. I will not sell any of them today—due to my belief that the market is set to retest the lows. However, into the coming dive, I will sell them all and never buy, nor look, at them again—as promised.

Going into the close, I expect the market to get nailed to the fucking ground, effectively making clowns like Cramer and Kass look like dancing gorillas near a banana tree.

One pair trade worth considering is long oil, short oil stocks. You can do that via long UCO, long DUG. It’s possible that oil can bounce off of these levels. However, there is no fucking way oil stocks maintain these lofty levels for too much longer.

NOTE: I covered half of my XOM position because of my huge exposure to ERY and DUG, which already gets me short XOM. I’m just trying to eliminate overlapping investments, in order to build cash.

Top picks: SMN, DUG, FAZ and SRS.

I feel like some sort of fucking ghoul, looking for wealth destruction in stocks. I know all of this negativity is very bad for my karma. However, I just can’t help myself.

See, when I see people fuck up their trades, in a profession that I have mastered, I get crazed in the head— obsessed with proving a point. Unlike others, for me, it’s not about the money. Hell, if I was all about the money, I’d be fucking whoring myself around—squeezing pennies out of old ladies. As a matter of fact, I don’t even accept new business anymore.

Fuck the money.

It’s about proving a point.

The point here is we (the world) are in a very precarious situation and printing money is not the answer. It solves nothing.

Take a quick scan of the big banks; they are having their faces ripped off for them—on this glorious tundra like NYC morning.

Rumors are spreading fast, regarding HBC‘s need to raise capital. I am hearing they need 30 billion dollars. That’s outrageously funny. No one is going to give them that much money.

Here are the names you need to watch:

C, BAC, HBC, DB, BCS, GS, STD, MTU, JPM and WFC.

Dude, things are looking grim.

In other news, I really need to start eating oatmeal again. Someone had mentioned it on the blog yesterday and it reminded me: hey, for the love of tits, I like oatmeal.

I’m embarrassed to say, I’ve been drinking an awful lot of Earl Grey tea these days. I don’t know what’s wrong with me. I get obsessed with things and completely get carried away. I need to stop drinking tea. It really is a queered out beverage and offers little caffeine to fuel my fucking engine.

As you know, “The Fly” does not sleep.

Hey, by the way, credit default swaps are blowing the fuck out for C again.

Happy trading, fuck face.

In my opinion, anyone who uses exclamatory statements, verbally or in writing, is mentally ill. As an aside, I just had an epiphany and felt like sharing it with you internet leeches aka fucking ingrates.

I’m going to make a few shocking predictions, so buckle the fuck up!!!

Here goes, wish me luck!

Stocks are going to get the dog kicked out of them in 2009. To highlight my reasons, “The Fly” will write an online book, as to why stocks belong in the sewer hole. The book will be no shorter than 1,000 pages and will be accompanied by various government statistics and sweet fancy charts that will support my egregious argument.

Just kidding. “The Fly” doesn’t have time to write books and shit, assholes. I’ve been too busy punching holes in my sheet rock, thanks to the inane trading behaviour [sic] of SRS. For the love of God and other mythical creatures, I am sure the devil and other fantastic bedtime story characters, are manipulating it.

With this in mind, I have the patience of a medieval tax collector when it comes to “getting my share” in the markets. I will wait you fuckers out longer than you can even fathom to imagine. I will wait you out, long X 50 trillion.

I’m gonna short more XOM. I’m gonna short more VNO. Hell, I am going to sell short all Pacific coast banks. I’m gonna sell short NOV again and RIG. I’m gonna sell short gold stocks, like LIHR. For fucks sake, I am going to sell short the world and hope my enemies fall into deep, deep sinkholes.

The point of this post is to make you, the internet stock people, well aware of my intentions for 2009. I don’t believe in fairy tales, such as fat fucks falling down chimneys or flying homos swapping baby teeth for cash.

And, I don’t believe in governments ability to create a marketplace.

So there!

UPDATE: This is poor.

[youtube:http://www.youtube.com/watch?v=732lw29SRdU&feature=related 450 300]

Overall, the bulls failed to meet the bears in full combat, on the open field called the indices. However, behind the scenes, select sectors were walked higher, much to my chagrin. On the other hand, BAC and BCS are trading like they want to go out of business—much to your chagrin.

I covered more of my KIM position into the bell, making it half as big as it was yesterday. And, I covered the entirety of my NOV short.

Basically, being long SRS is equal to having your nuts in a meat grinder. It is the albatross on my fucking neck. It is the piano on my head, the cannon ball on my foot.

The end of the day manipulation in commercial RE stocks is so fucking obvious I am an idiot for not taking advantage of such said events. I mean, when SRS is down for the day, it is almost a given that it will have its face ripped off in the final 10 minutes of trade. Unfuckingbelievable.

As for shorts: I bought a little more SMN and EEV. And, I shorted more of that bitch of a whore XOM. That’s another sector (oil) that is disconnected from reality. Oil is south of $40, yet XOM is a few points shy of $80.

Something has to give. Either oil is going back to $80 in short order, or XOM is going down to $50. Either way, the current relationship between oil and oil stocks cannot continue.

Finally, it’s clear that the trend is decidedly negative. For all the bullshit and propaganda being televised on CN-motherfucking-BC, we are down for 2009—thus far. In the event the bulls make one more swordless charge, “The Fly” is holding a 30% cash position. Moreover, he will (“The Fly”) use such bountiful reserves to bowl on brickheaded bovines, who are keen on betting against him.

Going into the closing hours, the tape is looking bullish to me. Despite a plethora of negative headwinds, namely BCS, AA and BAC, the bulls are letting it all hang out—bidding up “good banks” like JPM and GS.

Personally, I’m not a fan of any bank. However, there is a perception that a small handful of banks are “safe.” Whenever the market catches a bid, those fuckers springboard higher.

However, do not ignore the ramifications of BAC‘s diving share price. After all, they still are this nations largest bank.

With my money, I added to my EEV, SMN and short XOM positions. However I did so with very little conviction. If you’ve been following my trading habits for more than 6 months, you know that I like to “leg into” positions, as opposed to diving in—idiot style.

As for my shorts, I covered my entire NOV short, south of $27, for a quick 10%+ gain. And, I covered 1/4th of my KIM position, south of $16.70.

My goal is to keep a 30% cash position, until I am absolutely convinced of the near term market direction. For now, it makes sense to take quick gains and patiently wait for good entry points.

Nonetheless, I am not looking for long positions right now. My hunch is to play the downside, by waiting for good entries. In other words, the potential risk to the market far outweighs the rewards, again in my opinion.

UPDATE: I sold out of 75% of my AKAM position, for a fucking loss, around $14.