All the best,
Fly
[youtube:http://www.youtube.com/watch?v=vjtUE8D8d1Y&feature=fvsr 616 500] Comments »Yearly Archives: 2010
A Little Background on Senor Tropicana
Back in the old days, I’d come to work on New Year’s eve and hand out bottles of Moet to my fellow co-workers, sort of like a drunken Santa Claus. We’d buy two cases and just go nuts. The office was usually a graveyard, as most brokers were out copping 8 balls, instead of paying attention to the market. Brokers are an interesting animal, both smart and dumb at the same time. Most of them are properly educated, regardless of the firm. However, there is something about commission only work that turns people into imbeciles. People always covet what they do not own. So, when someone sees a big producer taking down 250k per month, they want to emulate that and behave in a way that is not productive, ironically, to their clients.
I stopped taking clients a long time ago, as I do not want to live the life of servitude for total jackasses. I know it’s counter-intuitive, declining new business and all; but I have my own money and no longer feel it is necessary to slave over hot hard drives for some asshole in Kentucky.
Money is not something that was always easy to come by for me, so do not misconstrue who you are speaking to. I remember eating crackerjacks for dinner and orange juice with cereal for breakfast, ’cause the milk was sour. So don’t come here with your fucking sob stories, bitching about how poor you are now. Actually, it’s a funny thing, looking back now. No matter how hard my life was, with regards to money being scarce, I always knew I’d be “rich as fuck” one day. When I was starting out in the business, I went months without a check, while the wife and new born baby waited long, hard hours for me at home, in our pathetic basement apartment, locating in dumbfuck Brooklyn. I worked from 8am to 11pm, most of the time. It was either “hustle hard,” or die. An interesting choice, one that I feel everyone should have to endure at least once. Borrowing money was not an option, since my family is your typical American middle class. So, like so many others in my position, credit cards became a respite.
Fast forward a few years, and I was 50-75k in debt, fucked by banks.
What changed for me was the day that I started working for my clients and not for myself, if you know what I mean. People are not stupid. They know when someone is disingenuous about their actions. I built my business strong, from the ground up, on trust. People trust you when you are honest and do things that exhibit honour [sic] and virtue. Luckily for me, I’ve always been interested in the stock market, since the age of 10. So I knew how to pick stocks and had a knack for banking coin. Before I knew what hit me, I was out of debt and tripling my money in dot com stocks.
Shortly after the dot come collapse hit, a new crisis hit me, one that humbles me to this day. However, instead of telling you that now, I will leave it for another day.
LOTTO TICKET UPDATE: MY SCEI IS A WINNER!!
Comments »It’s Gonna Be a Chinese New Years
(Jakegint celebrating a 10,000,000,000,000 yuan win)
Watch those Chicoms tomorrow.
Developing…
Comments »Predictions For 2011
For your reference, here are iBC’s 2010, 2009 and 2008 predictions
Comments »Done For the Year
As I’ve been stating inside The PPT and 12631 for weeks, the high for the SPY in 2010 will be $126.31. It is not a subject up for debate. Just know and understand, that’s the way it has to be.
I made a plethora of trades today, none of which have been reported on this graffiti infested forum. So let’s get to it.
I sold out of 75% of my EXK position and all of my REXX. With some of the proceeds, I bought OXY, PWRD, OCZ and more OXY.
Why?
Do not ask questions boy. Just accept the fact that things are the way they should be and I know exactly what I am doing. My cash targets have been reached, now registering at 52%. My year is over, barring some sort of insidious event that causes me to act rashly. For the year, I am up nearly 60% now, with much larger percentage gains in my psychopath /gambling account. I will take said gains and kindly tip my hat to all of you. Thank you for participating and expect to see more of the same in 2011.
I will continue to blog for the remainder of 2010; but it will be shallow, sarcastic banter, mainly to amuse myself.
Over the short term, I love PWRD, WTI, CMP and OXY. That is all. Be well.
[youtube:http://www.youtube.com/watch?v=rIZlU0SN_Jo 616 500] Comments »Fly Buys: PWRD, OXY
I bought 30,000 PWRD for Chinese lotto. And, I added to my OXY position, into the roll.
Disclaimer: If you buy the above stocks because of this post, the next time you go out for drinks, some strange woman will throw her drink in your face. And, you may lose money.
Comments »To Roll or Not to Roll? That is the Question
It is literally impossible for the market to trade down today, so we might as well make more coin.
My newly minted position in OXY is heading straight for the rubicon line of $100. It’s a psychological barrier of sorts for the mentally insane. However, I will have you know, since I am speaking to you from the future, there is no such thing as $100 barriers for OXY, if you know what I mean (wink, wink).
Aside from that, I am making too much money today. You must understand, I can’t spend all of this shit and I am running out of room in the bedroom safe.
Having said that, I am about to start buying a Chinese burrito stock, on that has been beaten to death. I am almost certain this one is about to turn the corner and book higher. I gather many a Chinese stock have been punished, unduly, thanks to their unfortunate locale. You mustn’t categorize all chicom stocks as fraudulent, just most.
Rape, Pillage and Book Losses
Last week of the year is very simple. ‘Tis is not the season to build long term portfolios. You may not understand me now, since you are novice as fuck, dumb to all things having to do with proper asset management. But, trust me when I tell you, the first week of January will be high energy and it can decapitate you, if caught leaning the wrong way. I have my hunches, as to what might occur. But, it’s all a guess right now. So, putting this eventuality on the front burner, you have a few things to do.
1. Scalp. Try not to attach yourself to any new name.
2. Got losses? Book them. It makes no sense to hold unrealized losses, especially if you have giant gains like me.
3. Get light.
The reason why I sold half of my MOTR today had nothing to do with stop losses or being “fed up” with the price action. I am stubborn as HIV and do not fold tent easily. It came down to a choice. Was I willing to up the ante on MOTR? My position was down 13% and the stock was stuck in some fucked up downtrend. Typically, I’d double my position, if I really liked the story. Believe me, I really, really like the MOTR story and feel they will blow the doors off earnings in early February. Bottom line: I was unwilling to commit to the stock and NOT book that sweet tax loss. Plus, if I sell now, I can get back in the name, prior to earnings, and avoid wash sale rules.
I allocated about 10% of assets today, lowering my cash to 30%+. In my personal aggressive account (the one you do not believe), I am 220% levered long, in just 6 positions. I am purposely concentrating my assets, very aggressively, in order to take advantage of the “power period” we find ourselves in and it allows me to quickly go to cash, if I so choose. Hypothetically, if the market reverses badly, I can easily sell three positions and allocate said funds into 3x levered, fucked up, Direxion ETF’s, much to my dismay.
The moral of the story: read the fucking post and you will understand what the hidden messages are.
Comments »Get Ready to Roll
We are not talking rocket scientry here, What we are talking about is actual science, based upon the laws of mathematics, regarding the $100 roll.
If you do not know what we speak of, stick your torso into a cannon and light the fuse. Specifically, I am speaking about OXY and how it cannot escape its fate of “rolling” past $100, straight to $104. It’s a moronic plan of action at best; but it must be respected. In the land of freedom and democracy, all I ask is for a small roll, so that I too can make many thousands of dollars, as it is my right.
Into the bell, I bought a little OCZ, just because. And, I was up for the day to the tune of 1.7%, led by REXX and EXK.
[youtube:http://www.youtube.com/watch?v=EdBym7kv2IM 616 500] Comments »Shuffling the Deck
I made some wholesale changes to the old portfolio. Here’s what I did:
I sold out of BPFH, EDMC, ATPG, half of that stupid MOTR, 15% of EXK and10% of PWER.
With the proceeds and some cash reserves, I bought loads of OXY for the $100 roll. I bought CMP (rock salt), WTI and a healthy portion of RAS for a squeeze. Oh, I also added to REXX.
There is a reason behind ever sale and purchase, none of which needs to be explained on this here forum. Just know and understand, there are smarter men than you out here, making life better for those of you who live in housing tenements.
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