Fly Buys: ISIL, TQNT, EZCH, FXP, FAZ, SRS, CIEN, ERX, STAR

I am putting a shitload of money to work.

I bought ISIL @ $12.61, TQNT @ $3.00, EZCH @ $13.10, CIEN @ $8.68, STAR @ $14.77, ERX @ $27.65, FXP @ $22.55, FAZ @ $18.05 and SRS @ $46.80.

I am creating “Le Arte.”

UPDATE: I am buying FAZ/SRS/FXP into this weakness.

UPDATE II: Not feeling “earl” here. Sold out of ERX @ $27.60

I am absolutely livid over the prospects of boom times. It is, as the great Greek philosophers of 20,000 years ago used to say, “right around the corner.”

Get this, the United States of America ONLY lost 663,000 jobs last month. And, previous month job losses was revised upwards to the tune of ONLY 80,000+, putting total losses around 740k.

Are you kidding me? This is fantastic news. Just last night, I was talking to my neighbor “Steve” about politics and worldwide famine, over a flaming barrel of garbage, he said, and I quote: “we’re gonna lose like 2 million jobs this month.”

Based upon Steve’s expectations, these numbers are great; do coke and buy stocks, w00t, w00t!

In other good news, North Korea is scheduled to launch some kickass missile that can obliterate Hawaii.

w00t, w00t!

An oddball of a list. (Excludes dishonourable stocks.)

Courtesy of PPT.

[youtube:http://www.youtube.com/watch?v=CjsCe4uWmFg&feature=related 450 300]

All in all, not a good day for Senor Tropicana. Early purchases of FAZ proved to be nonsensical, as stocks kept the majority of their gains into the close.

Nonetheless, I decided to start putting some serious money to work.

Over the last hour of trading, I bought blocks of CIEN, ISIL, ERX, TLAB, TQNT and a little more of my illiquid fav EZCH.

Then, as things started to weaken, I averaged in on more FAZ and SRS. I don’t have my numbers down yet, but I’m guessing I have 40% cash, 40% long and 20% short.

Rome was not destroyed by barbarians overnight, nor will the market destroy me, until I am old and stupid.

It’s worth mentioning, the amount of fuckery taking place in the 3x etf’s is so severe, I am without words. They are fantastic trading vehicles, but grinders of capital to the 10th degree. The whole market to market scandal is a scam. Allowing the banks to make believe they are not mortally wounded is like a soldier hiding a bullet wound to the chest. At the end of the day, both will die.

Banks are selling off here, led by NTRS, JPM, CMA, MS, BK and CFR.

I am feeling mighty fine (southern accent) about my FAZ positions, right about now.

As for my tech holdings:

I sold out of NiHD for a 2k 5k (who’s counting?) win and SPiL for a 10% victory. I am long TLAB, CIEN, EZCH, ISIL, TLT and ERX.

NOTE: The Senate just passed a bill that requires the Fed to reveal who they are lending money to. Holy Shit that is bad news for banks!

I will keep this short.

Because the EU chose to cut by 25bps, instead of 50, the dollar is getting “mushroom clouded.” Sadly, this is exactly what our policy makers want—inflation.

Because of this development, I changed my mind on oil and commodities and want to be long via ERX.

There should be a follow through tomorrow, in the commodity sector, considering the dollar is being clown raped to the tune of 1.7% today.

I’m doing a nice jig in my office right now.

I don’t care about FASB rule changes or what certain asshole television personalities declare on the teevee. I do not invest for one day or even 10. I am creating art here, assholes. Whether you know it or not, I am here to tell you.

Sure, it would have been nice to catch the entirety of this run. Sure, it would have been pleasant to not deal with getting stabbed in the eyes, via FAZ/SRS assaults. However, this is not the last day of trading for the market. There will be plenty of trades to nail and some to get body slammed on. Life is all about kicking your neighbor down an idle sewer pipe.

If you got caught short, instead of wallowing in the shower, crying like a little bitch, get out there and punch someone in the nose, then buy some stocks. It’s important to be objective when trading/investing.

As for me: I bought a variety of tech stocks this morning (CIEN, EZCH, ISIL, NIHD), giving me an overweight position on the long side. I still have my FAZ/SRS horror show going on. As a matter of fact, I nibbled, like a small rat inside of a can made from 100% sweet corn, at a little more FAZ in the low $17’s.

Fuck it.

With oil up here, I got lazy and went long ERX, instead of cherry picking some individual names. In addition, I sold out of the 5,000 SPIL that I bought yesterday for a 10% win.

As for some of you retards: Going into today, I was 90% cash, long 2k of FAZ/SRS a piece, long 5k SPIL and 2k TLT—giving me a morning net loss of 8k.

I PISS ON 8k.

Shut the fuck up and recognize that you are unable to ever beat me. Don’t get me wrong. You may outperform “The Fly” for short periods of time. However, before you know it, HORATIO CLAWHAMMER is chasing you with an oversized, umm, clawhammer—attempting to make art of the concrete, using your brains.

NOTE: For the first time in a long time, The PPT Overall score is above 3 (buy). In short, every previous score of 3 was marked by a near term top in the markets. Of course, this time can be different. However, I thought it was worth mentioning.

UPDATE: I sold 5,000 NIHD @ $17.40—day trade.

UPDATE II: I bought another 2,000 FAZ @ $17.70

UPDATE III: I bought 5,000 TLAB @ $4.98.

Where shall I begin?

Chinese output increased for the first time in 6 months, at the same time everyone in the U.S. is unemployed and/or homeless. That’s odd.

Ken Lewis of BAC is a lying sack of southern pecans. And, finally, Congressional mandated fraud, via FASB rule change, is giving a lift to stocks, particularly banks, early this morning.

For the moment, I will put my sour grapes to the side and attempt to recover some of my erroneous losses in FAZ/SRS. Although it sucks to be on the receiving end of a “fuck you, you’re dead” rally, I am only long 2,000 shares a piece.

After things settle down a bit, I will start nibbling at some semis, starting with a little USD, then some more SPIL. In addition, I like the action in TQNT, TER, KLIC, NIHD, CIEN and maybe a little EZCH.

In short, I might just start buying shit, with both hands.

Stay tuned.

NOTE: The action in crude is extremely bullish. For the moment, I want no part of oil shorts. Instead, I may explore some longs.

UPDATE: I bought 2,000 ERX @ $26.67

UPDATE II: I bought 2,000 EZCH @ $12.95, 5,000 CIEN @ $8.62 and 5,000 NIHD @ $16.60.

UPDATE III: I bought 5,000 ISIL @ $12.40

UPDATE IV: Long another 2,000 FAZ on an average down @ $17.15.

I put up a Godly screen for low priced breakouts over at The PPT. Enjoy.

As for you, the ingrate, I will share several thoughts and names. Firstly, I would like to say, before this rally dies a horrific death, it will produce HUGE small cap winners. As you know or not, towards the end of any bull run, the shit floats to the top. Back in the day, when I was as dumb as a bag of black bricks, I’d get caught with a portfolio full of offal, just in time for the hammer of certain death to rain down on my stone-head. However, now that I am all smart and shit, I go into such said trades with two eyes open, always on the lookout for grisly men with big hammers, scouting for degenerate OTB guys.

Back to the point: Although low priced stocks aka “OTB picks” have moved up in price lately, there may be another inning or two left, prior to their ultimate and most definite demise.

Courtesy of The PPT, in conjunction with the Grande Recursive Order of the Knights of the Lambda Calculus, here are some stocks under $10 worth exploring:

AIRV, HIMX, YGE, CSIQ, ANH, GLG, TIBX, CY, IAG, NSANY, TLAB, DLM, INFN, HL, CHS, AZK, ES, LMC, ICGE and CACH.

UPDATE: More bullish news for stocks.
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