Empire of Dirt

I took egregious profits (15-20%) in both RFMD and FSYS this morning. At current levels, my cash position is north of 20% or more money than you can fathom.

What am I really doing here? I am shoveling shit back and forth, creating nothing, simply taking dust and building mountains with it. I am dealing with the rubble of an empire in ruin and profiting from it. Fuck it, someone has to do it so it might as well be me.

I am not feeling today’s tape. It has a certain feel of “Dykstra” to it. But, at the same time, I respect the rally enough to forgo any short selling expeditions. My strategy is to raise cash and buy dirt at a discount.

Some of my go-to names are GLW, OVTI, STAR, FTK, GME and ATHR. Additionally, I will buy energy names on this fucked up drop, starting with ERX, then ARD and SU.

There is an appropriate price for everything. Just because the economy sucks, that does not mean the Dow should trade at 8,500. Maybe the Dow belongs at 10,000 or 10,500. Who the fuck knows? One thing is for certain: many stocks are ticking time bombs, readying to go “BOOM” in your pikerfied portfolios.

I recognized my overexposure to the small cap world about a week ago— and have been steadily taking profits on such said names since then. Granted, every so often, I delve back into the dark underbelly of the market, via an egregious FNSR purchase. However, for the most part, I am trying my best to steer clear of queers running around in purple underwears (that made no sense, but it fucking rhymed, so fuck off Ringo).

My year to date gains (65%+) are somewhat ridiculous, considering the year is so young. Truth be told, ever since I’ve been blogging, my market hand has improved, year in and year out. Back in the old days, pre-blogging, I wasn’t obligated to discuss the market and/or review all of my trades, in such a micro-managed way. Despite all of the setbacks, such as dealing with degenerate losers on a daily basis, blogging has been good to me, with regards to holding my feet to the fire—making me a better trader.

Much to my chagrin, it appears the market is about to let off a few howitzer rounds to my face today, by way of a down market. Believe you me, the market needs a few down days, in order to let more people into the market. We’re in the midst of a V shape recovery amd every asshole with a ruler and brain knows it. There is no debating that fact any longer, so quit denying it.

The million dollar question: will the V shape recovery fail and/or get derailed by stupid banks or excessive commodity prices? At this stage, I am not worried about a weak dollar. Instead, I welcome such fuckery, with all of my might and fervor. The only thing that keeps me thinking “asshole, take your profits and run,” is the prospect of greater than expected write-downs at the banks. As of now, the banks have been quarantined and do not pose a significant risk to the market. But, that can change, over time, as the rally matures and investors look to profits and growth, instead of a cessation of the apocalypse.

With my money, barring a significant opportunity, I will remain idle today—eating sandwiches and such. Sometimes the best trade is no trade at all.

NOTE: My cash position is approximately 15%.

UPDATE: I sold out of FSYS, north of $22.50 and RFMD, north of $2.90.

Quick question, what do you get when you combine a piss-ant with a chart? The winner shall be lavished with a 12 month supply of pig vomit and black angus horse burgers.

Do you people really work hard and stupid or just lazy and smart? It is rare to find people that work hard and smart. Most people I know fall asleep at their desks, while looking at soft porn, similar to the stuff Uncle Fucker is posting these days.

For the most part, I am quite pleased with the general direction of the site. There really isn’t much bad advice being dished out, unless of course you are an avid gawker of the Peanut Gallery.

I am thinking about turning over a new leaf, by way of “virgin blogging” aka curse free environment. I’ll have you know, in real life, “The Fly” never curses, unless on the phone with his degenerate broker friends. Cursing is all fun and games, until someone you know reads your shit and then looks at you as if you were the unibomber at birthday parties.

As most of you know, last year, “The Fly” went “virgin” for a stretch of 1 month, until the market poleaxed itself to 7,500 Dow, which represented a drop of more than 1,000 points from my promise.

The long and the short is, charts are nothing more or less than an excuse to avoid reading. Sure, stay stupid, it’s the Southern way. My guess, the majority of chart readers are halfway illiterate or find great use in nonsensical lines correlating with backward brain functions. Figure that out and learn from it; else the next time you fall asleep drunk inside of a Mexican bar, a group of pig masters will harvest both of your kidneys.

For wounded bears. Go drink and wallow.

I have to meet with a general contractor, so that he can rip me off on a variety of small jobs. In case you were panicked with consternation, the rumors of “The Fly” being THE LARRY KUDLOW OF THE INTERNET are false. Although, it’s worth noting, I am quite fond of mustard seeds and green shoots.

One thing of note: PBG guided up. This is very important, with regards to the economic cycle. It is a fact, beverage consumption correlates with national wealth. When times are good, people drink more soda pop. However, when times are “Africa tough,” most people resort to drinking rusty tap water or nothing at all.

Within the beverage space, The PPT favors CCH, COT, JSDA, PAS, KO, KOF, DPS, PBG, PEP, LWAY and WBD.

Off to see about a rip off.

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Trade accordingly

Mark my words, Q3 and Q4 gdp data will mark an end to the recession. The economy is snapping back so fast, even the fat fucks from Ford are gaining market share. Naturally, once the economy registers a positive gdp number, the negative/cancerous psychology of a spiraling economy will be a memory and companies will start hiring again—just like that.

If you do not believe me, go ahead, short stocks with your retirement funds; have a ball. Take out a second mortgage and buy FAZ with it. I could give two shits and a gay goat about your economic disposition.

In case you haven’t noticed, the market is not giving people a chance to go long. We are in the midst of one of the greatest stock market runs of all time, similar to the 1999 dot com frenzy. If you are missing out on the fun, boy are you a fucking idiot.

With my money, I am taking profits on a variety of names, in order to raise cash. I am in the process of shifting my investment focus. Therefore, cash is needed.

The only stock that I have been buying is FNSR. It’s going to a buck. Write that down too.

Right here, right now, I like FSYS, OVTI, GME, ATHR, ARD, FNSR, FTK and MWA.

Personally, I think it’s a great idea selling China those pesky gas guzzling hummers. Let them destroy their side of the planet with them. It’s rather funny how China pretty much bought American in less than 20 years. For fucks sake, we were make believe fighting the Russians for 50 years. They were evil communists and that was real bad. Then, all of a sudden, next thing you know, the Chinese are slapping us in the face with treasury notes, acquiring U.S. technology by hook or crook.

Just to reiterate my position: I blame the fucking pot smoking hippies for all of our problems.

In other news, the market looks a little tired, as if it wants to take a nap. Just so you know, there is nothing wrong with taking a nap: you should try it sometime. Most of my positions are getting bowled on, with exception to MWA, RFMD, OVTI, FNSR and SFE.

Additionally, the dastardly banks look somewhat ripe to go lower. Believe me, I have no motivation to sell short banks, after seeing what the O’bama administration could do to overzealous short sellers. However, at the moment, FAZ doesn’t look half bad.

Finally, I really like the action in both FNSR and MWA. Also, FTK isn’t nosediving, following yesterday’s spike—always a good sign. I’ll be posting some buys/sells shortly.

UPDATE: I sold all of my CUZ position, north of $9.68, 25% of my RFMD position, north of $2.98 and the remainder of my SFE position.

UPDATE II: I bought 150,000 FNSR north of .78.

Recent surveys indicate refrigerator sales are through the roof in China. If you choose to fuck around with ice boxes, you may want to look at WHR or TECUA.

Everyone is LCD nuts, especially those silly fuckers in China. Because of them, I like AUO, LPL, GLW and maybe a little HIMX.

Smart phones are selling like whores in the South Bronx. Into the fervor, I want to own STAR, CY, ATML and maybe a little ALU.

Small network players, like TNDM and FNSR, offer upside, while big ones—CIEN and CSCO— are must owns.

As oil and natty march higher, once thought to be dead, in vacant lots somewhere in DC, oil service stocks will be revived—like the Phoenix—forcing those who are short to swallow molten steel. Within the space, I like OIS, FTK, WFT, CGV and DWSN, amongst others.

Let’s not forget, hurricane season is about to begin. Senor Tropicana will be here, wishcasting, with lots of “fuck those rigs, let them burn” plays.

See pal, I know my shit, unlike you, fumbling through your IBD, thumbing through asshole charts, as if they mean anything. Most importantly, I will know when to step to the sidelines, in order to forgo dickfaced price declines.

In short, I cannot lose.

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