Consolidating My Positions

Despite my belief that all dips should be bought like “Pac-man drunk on vitamins,” I’ve been selling out of my small cap positions, into strength. I sold out of SONS, SD and ARUN, and will look to sell more, providing the market is kind to me.

Attention detractors: I am not switching my opinion from one hour ago. Instead, I am in the process of reallocating assets towards bigger market cap companies. The penny stock bonanza is great, while it lasts. However, when the party ends (FTK, TMR), all you are left with is some old sea-hag, with saggy tits and a receding hairline.

I view my foray into the underbelly of the market as an experience, which thankfully provided me with a much needed “power boost,” with repsects to my year to date performance numbers. However, like everything else in life, all things must come to an end.

What’s left of my small cap portfolio includes LVLT, TMR, ATHR, FTK, SD (I sold 90% of my position), FLOW, ABK, GMO, BRCD and OVTI.

As you read this now, my cash position stands at 65%. I will be patient with my new buys. I see the market has reversed and gone lower. So, with that in mind, I will go eat a sandwich.

I bought 20,000 FTK, between $2.62-2.70.

Disclaimer: If you buy FTK because of this post, your wife will put all of your savings in FAZ, without you knowing it.  And, you may lose money.

I sold out of SONS north of $1.90

I sold out of ARUN, $4.95

I sold out of SD, north of $10.20

I sold BRCD @ $5.90

I’m getting mushroom clouded in FTK this morning, while my SD position eats shorts like Pac-man drunk on vitamins. Thus far, this morning is bitter-sweet for me.

The good news: I have lots of cash reserves (35%) to buy dips and shall do so when the market opens.

Look, the market is going to run higher again today. There is no point in sticking to your bearish thesis, in the short term, while the market is simply handing out free money.

Bottom line: With the ECB cutting rates again, I want to play the inflation game, via getting long oil/metals.

VNDA is up 800%+ in ah’s trading, thanks to FDA approval for one of its drugs. Dear Lord, allow me to find the next VNDA.

Amen

[youtube:http://www.youtube.com/watch?v=kPQR-OsH0RQ&feature=related 550 400]

Go buy your neighbors kid a bicycle and your co-worker a new pair of pants. The market has become a rogue ATM machine, where only $100,000 bills spit out.

As for me: my cash position is now north of of 35%, yet I am saddled with lots of low priced garbagio, very much so.

To sum up today’s rally, I leave you with a phrase: THE WOODSHEDDER BOTTOM.

Off to eat a steak made from gold.

I just bought 20,000 shares of GMO, knowing full well my 20k can make it interesting, if you know what I mean. I’ve delved into a dark world of thinly traded penny stocks, as if I were some sort of degenerate OTB guy. Trust me, I am not.

Typically, I buy multi-billion dollar franchises, with hopes of scalping 10-20% on a trade. But this shit is sheer madness. I am banging out 50% within days, on names, normally, I wouldn’t bother spitting at, let along invest in them.

This is the great reflation trade of 2009, where every fucktard with an e-trade account gets to be rich, if he plays his hand correctly. Fortunes are made and squandered in the market all the time. Yesterday’s black swan is today’s boon, depending on the timing, of course.

I know people who lost millions during the 2000-2002 decline and others who picked up cheap stock in ’02 and bought 10 houses with the obscene winnings.

I don’t know when the party will end. I only know, for a fact, that it will. Do not follow me into crazy eyed trades. Understand something, on one end I am deploying 100k into crap, but taking out 200k on winning trades. Net-net, I’ve been a seller into this melt up, with a cash position nearing 30%.

Just today, I sold a little SONS, all of my NGAS, ERX and a touch of my LVLT, in order to make room for new buys.

As an aside, as predicted, the “stress tests” were a charade, a ploy of sorts to get the bears into the fire. They are now being used as tinder for this rally. I suspect the rally will continue into the mid-May, led by gains in commodity related stocks.

UPDATE: I sold out of my MSO position, north of $3.90.

UPDATE: I bought 5,000 FTK @ $2.77

I bought 50,000 ABK @ $1.48.

UPDATE: I bought 10,000 FLOW @ $2.07

UPDATE II: I bought 10,000 FLOW @ $2.13.

UPDATE III: I bought 2,000 SD @ $9.61

Why not?

We will all suckle from The Great Whore, as our lives become even more decadent—even preposterous—all on the bosom oh higher oil prices.

Senor Tropicana has been enjoying his day, via long walks and passing judgment on some of his lowly underlings. See, the stock Gods have blessed “The Fly” with the power to bank coin, for himself and others. Consider me like a comet, racing through Orion’s belt. All a simple man, such as yourself, has to do is grab onto my tail and— ABRACADABRA— your old burlap shirt will be replaced with silk.

Let me say, the trading community in The PPT is banking coin at a profuse rate. I do not say that to make you give me your money. Quite the contrary. I say it to only invoke jealously and anger.

Truth be told, yet again, I have made an egregious purchase today of a very crappy stock, with great hopes of it going parabolic to the upside, similar to my other positions, like NGAS, SD or CROX (sold).

BEHOLD: I bought 100,000 TMR, between .39-.41. I expect to lose my entire investment in the dog. However, should it go to $1.00, I will be pleased.

At the present, I am up more than 4%, with gains in NGAS, ERX, SD, FTK, BRCD, MSO and LVLT.

UPDATE: I sold out of ERX @ $33.46. And, I sold out of NGAS, north of $2.90, for an egregious win.