Methodical Methods

I am lightening up every hour on my [[VXX]] position; but I will NOT be adding to any longs, NO MATTER WHAT. At this point, I am booking 50-90% gains on [[VXX]] , while incurring blows to the scrotum in a variety of longs. By lightening up here, I run the risk of losing 1.5-3% (my estimate) tomorrow, via my 45% long positions. However, I am willing to accept that risk, AND MORE, considering my year to date gains are now north of 25%.

On a personal level, in order to abate conflicts of issues, I will hold the entirety of my long VXX position into tomorrow’s fuckery. I will have you know, my position is quite large, but so are my balls.

I know many of you are tempted to go long here. However, if we are going to double dip, thanks to Europe/China melt down, 10,100 will look rich as fuck, 6 months from now. Should we double dip, the Dow is going to 8,000 minimum.

Comments »

With over 4% intra-day gains, I have been paring down my monstrous [[VXX]] position. And, I sold out of my [[FAZ]] . IF I went to cash on the entirety of my [[VXX]] position, I would be more than 55% cash, right now. Although that seems like a lot, I would still be subject to daily drubbings on the remainder of my assets (45%) that are long.

To be blunt, I am strongly considering taking my huge gains (millions) here and blowing out of some longs, even if it means taking big losses. For the record, I will not consider selling out of Flotek Industries, Inc. [[FTK]] , since it’s too thin to absorb my tickets.

More later.

Comments »

Okay, real quick, for a I am busy making millions in the market right now and have no time to fuck with you free loaders here:

Today’s key tells are [[FXY]] and [[TLT]]

TLT is telling you deflation is infecting the economy, via lower rates. I can get a 30 year mortgage now for 4.9%.

FXY is going up because the Yen carry trade is unraveling. Look at the Aussie/Yen cross: fucking repulsive. There is a run for the exit, as money managers trample over one another, but find themselves trapped in the proverbial funnel. I WARNED YOU ABOUT THE FUCKING FUNNEL!

Finally, we have air pockets from here to the “flash crash” lows. Like I said, look for the market to retest 9,900 then bounce.

Seriously, I hope many of you are okay and have not done too much damage to your bullshit portfolios.

Comments »

[[VXX]] is up more than 55%, month to date, making it the BEST downside hedge out of all publicly traded ETF’s. While many of you, stupidly, questioned “The Fly” with regards to his investment choices, a select few in The PPT, followed his lead, and as a result, find themselves in a position to buy your margin liquidation.

This shit does not happen by chance, gentlemen. I am in possession of a time machine, and on a regular basis, zip through your atmosphere in plutonium powered space rockets. I have been conducting myself with a good deal of honour [sic], especially towards many of you twitter fuckers, who, generally, have no idea what you are doing. Let it be noted, with age, “The Fly” aka Plutonium Petey has developed a somewhat surprising tolerance for idiocy, mainly because he enjoys to relish in his winship through obscene blogs, such as this one.

With the jobs picture dimming, China faltering and Europe in serious trouble, you have to be out of your fucking mind to be long here, unhedged, as if nothing was wrong. If you are managing money for a living, it is your FIDUCIARY RESPONSIBILITY to foresee these events and protect your clients money accordingly. That’s why most of you “small book” fuckers are “flash in the pans,” while Le Fly is here to stay aka “the real deal.”

[youtube:http://www.youtube.com/watch?v=05-ExhOrarg 616 500]

Comments »

The portly Puerto Rican man told Frank the Korean dry cleaning guy: “Frank, look at my white shirt, it has black marks all over it.”

Frank, looking a bit shocked and surprised, asked to see the shirt in question. Immediately, Frank’s wife, the seamstress, hurried over to assess the shirt in question.

“Ah, ha!, said Frank. “Look at this black shirt next to this white one. It is rubbing off on the white a one.”

The portly Puerto Rican man replied, ” I know that Frank, that’s why I brought it over with the white shirt.”

Frank’s wife entered the conversation by saying “it makes a no sense.”

Frank, quite rudely, interjected “Ah, see. This a black a shirt is no good. It’s made in a China or a Bangladesh. This a fabric is a very bad. This shirt is no good!”

Frank’s wife chimed in “Ah, yes. I’ve never seen such a fabric. No good. Throw this shirt away.”

Confused and bewildered, the portly Puerto Rican man said “thanks Frank. But can you fix my white shirt, which is the reason why I am here?”

After two minutes of studying the white shirt, Frank, looking sternly over his reading glasses, said to the portly Puerto Rican man, “that black a shirt is a no a good. I fix the white shirt.”

While the portly Puerto Rican man walked out of the store, a space alien magician approached Frank with an absurd amount of “high-end” dry cleaning.

To be continued…

Comments »

For the first time in a long time, the market made me nervous today. You can feel the tension in the air and the back and forth demeanor of the tape. At any given moment, the market can move 200 points in either direction. If you are bullish, you have the oversold thing working for you now. However, it’s not like the market is dirt cheap, at 10,450. If you are bearish, you have news flow and seasonality in your favor.

People want to buy stocks. It’s in our nature to move forward and build upon fuckery. If we have one fuckery, we must continue until we get two. To put it bluntly, the stock market, as it is presently constructed, is entirely for asshats. Plain and simple, if you are not playing both ends via hedging, you are gambling. Don’t get me wrong, gambling is okay, if you have money to blow. However, unfortunately, most of you do not have unlimited resources.

For the day, my current pastiche of stocks/ [[VXX]] is not working, so far. As I write this, I am down about 1%, thanks to losses in POSCO (ADR) [[PKX]] , Eastman Chemical Company [[EMN]] and Flotek Industries, Inc. [[FTK]] . Nevertheless, considering I’ve been going up 0.5%-1% per day for the last week, I will accept today’s minor setback as par for the course.

The most impressive part of today’s resilience was the action in the banks. However, keep in mind, it’s just one measly day. There are plenty of hurdles to overcome, especially during the slow summer months. Take your time with planned trades and try not to act on impulse. The market is positioning to rape everyone.

[youtube:http://www.youtube.com/watch?v=H3HhmeaZFtw 616 500]

Comments »

The [[FXE]] is ripping. Banks, such as Goldman Sachs Group, Inc. [[GS]] , Bank of America Corporation [[BAC]] and Deutsche Bank AG (USA) [[DB]] , are higher. Oil is up and the dollar is down, yet here we are stuck in the mid-range of the trading day. The only standout negatives are the horrific price action in both CRE,metals and ever advancing yen, [[FXY]] . People are now spooked about China, effectively discarding the respite in the euro. I am not sure if today’s trading action makes sense, particularly when all of the ingredients for a rally are present. Believe you me, I am very tempted to take some [[VXX]] off my chest and buy a few dips.

However, the shadows near my favorite urinal are smoking cigars, as we speak. Whenever those fuckers smoke, the market shits itself.

I guess the most negative aspect of today’s tape is: WE SHOULD BE HIGHER, BUT WE ARE NOT.

With that being said, prepare for late day fuckery, as margin calls get liquidated and bearshitters step in late, hoping for an early morning bounce.

Comments »

I am expecting a bounce in the near term, based upon the laws of “coiled spring.” My current long positions, although bountiful, are inferior to many stocks on my buy list. As the market declines, quality names get cheaper, hence offering incentives to swap out of garbagio into “palatial regalia.”

Here is my list, sorted by sector.

Basic Materials:
ATP Oil & Gas Corporation [[atpg]] , Massey Energy Company [[mee]] , Century Aluminum Company [[cenx]] , Freeport-McMoRan Copper & Gold Inc. [[fcx]] , POSCO (ADR) [[pkx]]

Consumer Goods:
Dean Foods Company [[df]] , Green Mountain Coffee Roasters Inc. [[gmcr]] , Bunge Limited [[bg]] , Central European Distribution [[cedc]] , [[dole]]

Financials:
Goldman Sachs Group, Inc. [[gs]] , Barclays PLC (ADR) [[bcs]] , Visa Inc. [[v]] , The Blackstone Group L.P. [[bx]] , MF Global Ltd. [[mf]]

Healthcare:
Baxter International Inc. [[bax]] , Gilead Sciences, Inc. [[gild]] , Sanofi-Aventis SA (ADR) [[sny]] , Teva Pharmaceutical Industries Ltd (ADR) [[teva]] , Alkermes, Inc. [[alks]]

Industrials:
Eastman Chemical Company [[emn]] , [[rino]] , Bucyrus International, Inc. [[bucy]] , Manitowoc Company, Inc. [[mtw]] , Flowserve Corporation [[fls]]

Services:
Central European Media Enterprises Ltd. [[cetv]] , Guess?, Inc. [[ges]] , Abercrombie & Fitch Co. [[anf]] , Corinthian Colleges, Inc. [[coco]] , The Gymboree Corporation [[gymb]]

Technology:
Canadian Solar Inc. [[csiq]] , MEMC Electronic Materials, Inc. [[wfr]] , NVIDIA Corporation [[nvda]] , [[rax]] , Amkor Technology, Inc. [[amkr]]

I am not sure when I will buy the above names. However, it is my buy list and I am sticking to it. One thing is for certain, I am in no rush, especially ahead of June, which happens to be the second worst trading month of the year, based upon the scientific laws of seasonality.

Comments »

“The Fly” is in his office, decked out in formal evening wear (top hat, tuxedo, white pocket square), awaiting the great crash of 2010. Although the great crash is widely expected, very few are prepared like Senor Tropicana aka “The Fly”, with office decor and delectable HORS D’OEUVRES to match. The office, as you would imagine, is filled with black smoke, which is completely non-toxic and 100% organic (I bought it from whole foods). The music is playing and everyone is busy doing “The Hugh Hendry“, not so much different than a Peanuts party, where Snoopy and the gang get down and boogie, zombie style.

What you need to know, every so quickly: I am preparing to supplant you as a shareholder in numerous stocks. Once you’ve been dispatched, by way of margin liquidation, “The Fly” will step in, with the veracity of a mountain lion inside the headquarters of Stocktwits, and buy said shares at horrendous discounts.

You may be wondering: if the Euro is up, why is the market down?

Answer: it is the destiny of the markets to go lower. There is nothing that you or your stupid friends can do about it.

In closing, I am not thrilled to make money, while most of you waste away into oblivion. It’s just my job, gentlemen— so sorry you aren’t me.

[youtube:http://www.youtube.com/watch?v=eqG77_Gi5oE 616 500]

Comments »

One of the simple, yet cool, functions of The PPT is the ability to monitor stock price performance over numerous time frames. Here is some raw data on the type of damage that has been done to certain stocks, over the past month.

Market Cap (100m-250m)

No.	Ticker	Market Cap	Sector	1-month Return
1	DRL	185,029,268	FINANCIAL	-56.78
2	RNN	121,028,243	HEALTHCARE	-50.00
3	FBP	161,949,764	FINANCIAL	-39.86
4	DRWI	220,870,804	TECHNOLOGY	-39.33
5	ALVR	151,019,577	TECHNOLOGY	-39.18
6	AGYS	163,751,484	TECHNOLOGY	-38.43
7	LNG	192,402,853	BASIC MATERIALS	-36.42
8	ACUR	154,799,336	HEALTHCARE	-36.35
9	CPIX	160,682,738	HEALTHCARE	-34.68
10	XIN	197,194,741	INDUSTRIAL GOODS	-34.10
11	GRO	101,898,000	CONSUMER GOODS	-33.64
12	TUES	246,897,163	SERVICES	-32.65
13	ERII	223,819,604	INDUSTRIAL GOODS	-32.33
14	IPSU	140,966,377	CONSUMER GOODS	-32.00
15	GBE	102,611,181	FINANCIAL	-31.88
16	NCTY	123,481,686	SERVICES	-31.22
17	NEP	160,025,000	BASIC MATERIALS	-29.39
18	AZC	201,793,062	BASIC MATERIALS	-29.34
19	UCO	234,493,000	FINANCIAL	-29.24
20	PNSN	196,690,301	FINANCIAL	-29.18
21	CKEC	173,503,183	SERVICES	-29.09

Market Cap (250m-500m)

No.	Ticker	Market Cap	Sector	1-month Return
1	CSIQ	474,817,758	TECHNOLOGY	-42.10
2	PMI	371,887,506	FINANCIAL	-38.84
3	ABK	421,035,060	FINANCIAL	-36.93
4	AVNW	267,363,730	TECHNOLOGY	-36.49
5	AEA	278,625,084	FINANCIAL	-33.83
6	EXXI	447,439,605	BASIC MATERIALS	-33.07
7	YRCW	456,835,714	SERVICES	-32.14
8	UTSI	280,121,585	TECHNOLOGY	-32.00
9	CSR	352,222,611	SERVICES	-31.06
10	WATG	286,116,949	CONSUMER GOODS	-30.70
11	JST	251,216,330	TECHNOLOGY	-30.63
12	GAP	347,517,788	SERVICES	-30.34
13	EDC	317,250,000	FINANCIAL	-29.13
14	FRPT	313,422,664	CONSUMER GOODS	-29.08
15	BWEN	344,834,357	INDUSTRIAL GOODS	-28.77
16	RINO	390,149,298	INDUSTRIAL GOODS	-28.15
17	VITC	272,889,827	SERVICES	-27.82
18	CTIC	302,093,662	HEALTHCARE	-27.81
19	PAL	496,793,899	BASIC MATERIALS	-27.72
20	FSS	346,793,991	CONSUMER GOODS	-27.60
21	MNI	295,805,733	SERVICES	-27.09

Market Cap (500m-1b)

No.	Ticker	Market Cap	Sector	1-month Return
1	ITMN	569,681,422	HEALTHCARE	-76.74
2	RDN	819,070,132	FINANCIAL	-47.46
3	SPWRA	668,930,939	TECHNOLOGY	-35.76
4	ATPG	774,406,476	BASIC MATERIALS	-35.28
5	NPD	596,039,740	SERVICES	-34.26
6	FORM	698,536,587	TECHNOLOGY	-33.71
7	MMR	989,838,402	BASIC MATERIALS	-31.32
8	FIRE	509,914,340	TECHNOLOGY	-28.17
9	POWI	937,020,362	TECHNOLOGY	-27.28
10	BPZ	601,468,894	BASIC MATERIALS	-26.98
11	USU	509,743,075	BASIC MATERIALS	-26.57
12	LIZ	612,360,194	CONSUMER GOODS	-25.73
13	SGY	718,690,481	BASIC MATERIALS	-25.58
14	SMCI	504,643,112	TECHNOLOGY	-25.54
15	BWLD	693,703,200	SERVICES	-24.82
16	AXL	610,086,396	CONSUMER GOODS	-24.32
17	ATHN	943,928,550	FINANCIAL	-24.23
18	GMK	932,841,922	CONSUMER GOODS	-24.05
19	FBC	858,418,495	FINANCIAL	-24.01
20	GXDX	508,527,103	HEALTHCARE	-23.91
21	BEBE	636,199,018	SERVICES	-23.32

Market Cap (1b-5b)

No.	Ticker	Market Cap	Sector	1-month Return
1	GMCR	1,030,973,105	CONSUMER GOODS	(not accounting for 3:1)
2	TIVO	1,170,961,975	SERVICES	-44.16
3	DF	1,780,667,477	CONSUMER GOODS	-38.47
4	TSL	1,276,236,383	TECHNOLOGY	-36.84
5	CIE	3,220,048,732	BASIC MATERIALS	-35.58
6	UIS	1,051,168,602	TECHNOLOGY	-33.74
7	AGO	3,005,085,115	FINANCIAL	-33.39
8	MTG	1,806,013,198	FINANCIAL	-32.70
9	SMI	1,851,915,817	TECHNOLOGY	-32.06
10	STP	1,568,158,152	TECHNOLOGY	-31.46
11	WFR	2,663,039,440	TECHNOLOGY	-31.38
12	CEDC	1,895,134,478	CONSUMER GOODS	-30.84
13	HAR	2,453,657,907	CONSUMER GOODS	-30.04
14	CETV	1,439,826,261	SERVICES	-29.81
15	AKS	1,627,734,414	BASIC MATERIALS	-29.72
16	AIB	1,414,390,778	FINANCIAL	-29.05
17	NTY	2,193,961,365	HEALTHCARE	-28.74
18	OTE	4,342,732,447	TECHNOLOGY	-28.72
19	YGE	1,182,715,779	TECHNOLOGY	-28.15
20	PXP	3,349,791,000	BASIC MATERIALS	-27.85
21	AONE	1,109,147,785	INDUSTRIAL GOODS	-27.63

Market Cap (5b-10b)

No.	Ticker	Market Cap	Sector	1-month Return
1	NBG	8,365,096,164	FINANCIAL	-30.75
2	FBR	7,884,698,785	CONSUMER GOODS	-27.68
3	CLF	7,167,060,064	BASIC MATERIALS	-27.16
4	MTL	9,220,397,002	BASIC MATERIALS	-26.83
5	NVDA	7,391,532,194	TECHNOLOGY	-26.38
6	ALU	5,980,596,910	TECHNOLOGY	-25.15
7	PCLN	9,495,796,510	SERVICES	-24.33
8	MCO	5,109,720,000	FINANCIAL	-23.28
9	STM	7,237,468,584	TECHNOLOGY	-21.85
10	RYAAY	6,895,306,805	SERVICES	-20.49
11	TNE	5,778,910,160	TECHNOLOGY	-19.34
12	CF	5,054,621,495	BASIC MATERIALS	-19.05
13	X	7,334,086,127	INDUSTRIAL GOODS	-18.98
14	IVN	6,237,061,112	BASIC MATERIALS	-18.67
15	DO	9,940,371,727	BASIC MATERIALS	-18.19
16	MFE	5,196,965,109	TECHNOLOGY	-17.92
17	JOYG	5,128,336,884	INDUSTRIAL GOODS	-17.89
18	CAM	9,096,478,347	BASIC MATERIALS	-17.88
19	ESV	5,689,170,500	BASIC MATERIALS	-17.49
20	FSLR	9,652,404,538	TECHNOLOGY	-17.08
21	CCH	8,191,734,410	CONSUMER GOODS	-16.84

Market Cap (Over 10b)

No.	Ticker	Market Cap	Sector	1-month Return
1	MT	48,577,046,049	BASIC MATERIALS	-28.73
2	RIG	20,792,448,660	BASIC MATERIALS	-28.30
3	NOK	38,984,992,501	TECHNOLOGY	-27.10
4	BAX	25,319,423,780	HEALTHCARE	-26.60
5	V	38,408,148,307	FINANCIAL	-25.14
6	VE	13,012,096,659	UTILITIES	-24.91
7	BCS	50,581,816,063	FINANCIAL	-24.74
8	STD	85,252,440,000	FINANCIAL	-24.58
9	RTP	17,383,889,250	BASIC MATERIALS	-23.73
10	SID	22,775,257,009	BASIC MATERIALS	-23.55
11	TCK	18,619,405,242	BASIC MATERIALS	-23.40
12	BP	145,797,948,613	BASIC MATERIALS	-22.89
13	ABB	40,260,860,258	INDUSTRIAL GOODS	-22.85
14	WBK	62,736,263,165	FINANCIAL	-22.78
15	VALE	140,691,428,776	BASIC MATERIALS	-22.00
16	MA	23,364,083,051	FINANCIAL	-22.00
17	SLT	12,925,358,490	BASIC MATERIALS	-21.63
18	ACH	11,328,112,824	BASIC MATERIALS	-21.29
19	APC	28,289,479,360	BASIC MATERIALS	-21.03
20	DB	37,901,436,000	FINANCIAL	-20.26
21	LINTA	23,388,671,683	SERVICES	-20.26

Comments »