We Must Go Higher

We are at a crossroads, gentlemen. Quit smiling, acting all retarded, this is a very serious matter. The first person caught smiling gets his/her mustache punched off.

We are at a crossroads and we need to sprint higher, or else overweight slobs will dance on our freshly dug graves. With regards to the markets, this is a matter of life and death. Hence, it is NOT a laughing matter.

I’ve been busy thinking of ways to ensnare him (the bear). He is clever and is unrelenting in his efforts to destroy all people associated with the ownership of stocks.

So far, so good, with oil charging higher, the dollar stuck in the sewer, we have a better than average chance to win today. Most of my positions are higher, marginally—except for the whore of a bitch Flotek Industries, Inc. [[FTK]] . Thus far, my late date ball grab, buying 5,000 [[ERX]] , was accurate, as oil stocks lead the way higher. And, I am pleased to report, [[ENTR]] is not acting like a soon to be bankrupt sinkhole.

Nonetheless, we are not out of the woods yet. The market needs to move 100 Dow points higher, in order to grab the attention of pigeon brained money managers. We must lure them into ideas about “window dressing” and showing their idiot investors how smart they were this past quarter.

At the end of the day, we’re all a bunch of FAZtards and FAStards, battling it out for some worthless currency.

The following stocks were mined, in a very environmentally unfriendly manner, using my custom OVEREXTENDED (possible short sale set ups) screen, using The PPT.

Palm, Inc. [[PALM]]

Tempur-Pedic International Inc. [[TPX]]

Sears Holdings Corporation [[SHLD]]

[[CAB]]

The Cheesecake Factory Incorporated [[CAKE]]

Whole Foods Market, Inc. [[WFMI]]

Savient Pharmaceuticals, Inc. [[SVNT]]

Dendreon Corporation [[DNDN]]

Isle of Capri Casinos [[ISLE]]

That’s right, I’ve done lost my mind, posting charts and shit.

What that means is none of your concern.

More on this later.

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“It is gift opening time.”

Life isn’t about outfoxing the next guy, via wit and ingenuity. It’s about offering a butterfly knife to your enemies eye, then BBQing it for a late afternoon snack. In other words, crazy people were shorting stocks last week, while me and my ilk were popping champagne corks like faggots at an art gallery.

I thrive off of adversity. I am not happy when things are going swell. It seems, I tend to ignore my own advice, in order to create custom made murderholes, built for men like me to dig out of.

Instead of hedging my bets, as discussed earlier, I bought more. I swear, sometimes I look at my moves and think “WTF did you do that for, asshole?” But, eventually, it all works out, like a sloppy Joe on a toasted bun.

My reasons for buying [[ERX]] : my balls told my brain and my brain forced my hand to click the mouse. Fairly straight forward, balls to brain indicator, if I might be so bold.

Today’s losses were fairly “chockful,” led by oversized scum bag stocks and whores represented by letters of the alphabet.

God willing, money managers will pebbles the size of cantaloupes will buy tomorrow’s opening decline. However, my end of day gut check suggests I am in for a fierce “punching off of the face” first thing tomorrow morning.

I bought 5,000 [[ERX]] @ $27.80.

Disclaimer: Don’t bother.

The market has been stuck, down 170, for hours. If you got short, after the big swoop lower, you are pretty much sitting on your thumbs doing dick.

Be wary of the prospect of fresh money buttressing this drop, as the quarter winds down. Many money managers have missed this rally and would love to get in a little cheaper, in order to show their shareholders how smart they are. Essentially, the market is a perpetual game of asshats versus fucktards, jockeying for the high ground, in order to get struck by egregious lightning bolts.

Earlier today, I said it was time to sell and go short. However, thus far, I have not done anything, mainly because stocks are down too much to short. Most commodity names are down more than 10% and I do not believe the quarter will end, without a little window dressing.

Bottom line: My top picks are Corning Incorporated [[GLW]] and OmniVision Technologies, Inc. [[OVTI]] . I will try to limit the damage being done in my small crappers, by making advantageous trades, both long and short. Until the market picks a clear direction, I need to stay flexible and avoid the giving back more of my gains.

[youtube:http://www.youtube.com/watch?v=UsmihPa1rp8 616 500]

I had a feeling Mother Market would take a few wild swings at me. However, I didn’t think she would break my jaw so quickly. Across the board, the market is breaking down, led by asshole commodity names. For those of you who are addled by poor reading comprehension skills: I sold out of [[ERX]] weeks ago, in the high 30’s.

But, that doesn’t matter.

I have lots of stuff boxing me into a corner, sort of like a rabid pitbull snapping away at me, or better yet, a shark on a leash. My bullish dreams of free goats and lucky leprechauns, running through green meadows, without a worry in the world, have been interrupted by way of exploding coal silos.

I have very little choice now, but to hedge for Dear God and pray for an outcome that does not include the destruction of “The Fly” and melt down of Senor Tropicana, who is sipping on pina coladas at some non-descript beach right now.

With my money, I will sell another 10% of my longs, and get short to the tune of approximately 10%, leaving an additional 13% in cash. I will use the cash to average into my new shorts, if need be. Instead of cherry picking individual short ideas, I will use bastard inverse ETF’s, initially, then mosey on over to specific ideas.

Developing…

Thus far, the crowds for the new iPhone 3gs have been good. No matter what the idiots on CNBC say, the new iPhone will be a boon for all parts makers. So, with that in mind, it’s very important to buy an iPhone, take a hammer out, then smash your brand new iPhone to pieces, in order to see what’s inside. Or, you can just surf the web and find out by way of “reading.”

Here’s what I’ve found, so far:

Elpida (ELPDF.pk) & Toshiba (TOSBF.pk): Dram die (replacing Samsung)

No Marvell Technology Group Ltd. [[MRVL]] or CSR wifi chips: big loss for those losers. They were replaced by Broadcom Corporation [[BRCM]] .

Toshiba: 16gbyte NAND Flash

Intel Corporation [[INTC]] is providing memory for baseband processor.

Possible [[ARMH]] and Imagination Technologies (IGNMF.pk) graphics chips (INTC owns 14% of Imagination, trading on the London).

Elpida DDR SDRAM win.

OmniVision Technologies, Inc. [[OVTI]] auto focus 3 mpixel win.

Infineon (IFNNY.pk) baseband processors.

No word on touchscreen processors yet. My guess Cypress Semiconductor Corporation [[CY]] and Synaptics, Incorporated [[SYNA]] are somehow involved.

Skyworks Solutions, Inc. [[SWKS]] amps.

TriQuint Semiconductor [[TQNT]] duplexer modules.

Possible: Atmel Corporation [[ATML]] may have supplanted Silicon Storage Technology, Inc. [[SSTI]] (minor part).