The Action is Good

Forget about the Dow for a minute. I am seeing leadership stocks melting up. In tech, Apple Inc. [[AAPL]] , Research In Motion Limited (USA) [[RIMM]] , NVIDIA Corporation [[NVDA]] , Ciena Corporation [[CIEN]] , amongst others, are robust. Within commodities, from Flotek Industries, Inc. [[FTK]] to United States Steel Corporation [[X]] , they are strong.

The point here is this: do not be scared off by the hat fuckers on CNBC. This maniac market is one buy program away from a full reversal, which will rout the bears in burlap in the most heinous fashion.

The only stock on my buy list is Jarden Corporation [[JAH]] , due to my small cash position (less than 6%). However, if I had more funds to invest, I’d buy Nucor Corporation [[NUE]] , POSCO (ADR) [[PKX]] , TEKELEC [[TKLC]] and Ctrip.com International, Ltd. (ADR) [[CTRP]] , as if they were water and my fucking hair was aflame.

I have a few errands to run for the remainder of the day. So, be well and try not to step in any murderholes. They’re killers.

Enough of this selling. Let’s buy stocks, then salsa dance on the graves of our enemies. Let’s go do something exotic, while sipping on pina coladas.

Look, “The Fly” is into blenders, baby formula and fucking condoms, via Jarden Corporation [[JAH]] . Earnings are due to be released next week (Tuesday) and I am not scared, mainly because I am not a pussy.

At any rate, today’s sell off is retarded and should be reversed by coked out traders, literally any minute now.

More on this later.

UPDATE: I sold out of another 25% of my Cummins Inc. [[CMI]] position, north of $55.80. I will hold the remainder until $60.

They make blenders, baby formula and fucking condoms.

More in the morning.

Developing…

What a beautiful day.

I reduced my position in Cummins Inc. [[CMI]] by another 25%, leaving me with half a position. I will sell the remainder above $60. Also, I added to and initiated positions in a number of names, like [[CBD]] , Brocade Communications Systems, Inc. [[BRCD]] , [[TAN]] and Visa Inc. [[V]] .

The bears have been routed. Now it’s time to raze the conquered cities and loot it for all of its worth aka “rape and pillage.”

Disclosure: Long, with great vigor, into the bell. “The Fly” wins again.

I can’t hold onto new money any longer. People are anxious.

I bought Petroleo Brasileiro SA (ADR) [[PBR]] , [[CBD]] , Visa Inc. [[V]] (new position), GlaxoSmithKline plc (ADR) [[GSK]] (new position), Nucor Corporation [[NUE]] , Ctrip.com International, Ltd. (ADR) [[CTRP]] , Brocade Communications Systems, Inc. [[BRCD]] (new position) and [[TAN]] , with reckless abandon.

BOOM-SHACKA-LACKA!

I’ve been “bean free” for exactly 4 days now and it is driving me crazy. I ceased all intake of caffeine, mainly because I felt a little wired. Typically, without exaggeration, I’d guzzle down 5 cups of coffee, with a few red bulls in between, just to break up the monotony. Plus anyway, I am not a slave to anything, not even a state of the art, beautifully crafted single server Keurig machine. In no way do I “crave beans,” despite what that stupid title says. Never pay attention to my titles, for they are written by small midgets, who hide in attics and are generally out to get me.

Anyway, I have not eaten out in 2 months, due to my desire to forgo food that is rubbed on the kitchen floor, prior to being grilled. Since I’ve been exclusively eating home cooking, I’ve lost a quick 10 pounds. Don’t get it twisted; I was never portly to begin with. However, let’s just say, I am a bit leaner now, thanks to avoiding the shit that is shoveled onto restaurant dinner plates.

With regards to this market, I am positioned heavy in the commodities, such as Flotek Industries, Inc. [[FTK]] , POSCO (ADR) [[PKX]] , Gammon Gold, Inc. [[GRS]] , United States Steel Corporation [[X]] , Nucor Corporation [[NUE]] , Petroleo Brasileiro SA (ADR) [[PBR]] , ATP Oil & Gas Corporation [[ATPG]] , SandRidge Energy Inc. [[SD]] and a small piece of Sociedad Quimica y Minera (ADR) [[SQM]] . My intentions are to reduce these positions, as the market recovers, then reposition into beaten down tech names. In addition, I am using The PPT‘s proprietary OVERBOUGHT/OVERSOLD indicators (still in beta mode) to buy distressed equities, like [[TAN]] . As of this morning, the indicators were flagging GlaxoSmithKline plc (ADR) [[GSK]] and [[DZK]] —amongst others— as OVERSOLD, fuckfaces.

Do not hate on “The Fly” because he is better than you. God made me this way. Perhaps you are an awesome polisher of shoes or designer of dog clothing. When it comes to this stock game, “The Fly” cannot be matched, especially by you internet crab-fuckers.

“The Fly” wins again, especially when you motherfuckers bet against me.

Developing…

I bought 2,000 United States Steel Corporation [[X]] , north of $45.90, 1,000 [[CBD]] @ $68.85, 2,000 ATP Oil & Gas Corporation [[ATPG]] , north of $14,70 and 10,000 Petroleo Brasileiro SA (ADR) [[PBR]] ,  just north of $40.

Disclaimer: If you buy the above stocks because of this post, you will drop dead. And you might lose money.

The dollar will drop; mark my words. If you believe the European printing presses are in the same league as our AMERICA3000 printing press bots, you are in for a rude awakening.

Looking at the dollar trade up is sort of like watching MNCS trade higher, back in the day. Some of you old FOWS vets know what I am talking about. It’s a temporary phenomenon, but ultimately, you know what will happen: dollar fuckery.

The Fed will not raise rates and our government will not cut back on spending. Our demands for fiat currency are much greater than anyone than anyone else (pardon the sudden tourettes episode), which is why it makes sense to bet against “le dollar,” with the tenacity of a hungry mountain lion trapped inside a room full of punk, teenage skateboarders.

Petroleo Brasileiro SA (ADR) [[PBR]] is worth a look down here, if you are interested in Brazil/oil. The stock has been punched in the face and has a history of outperforming other oils.

With my money, I am vexed by Masco Corporation [[MAS]] , and elated by TEKELEC [[TKLC]] . The good news for me: my TKLC position is 3x the size as my MAS. I will wait a few days on MAS, then look to average in. Additionally, I like the metals here, namely POSCO (ADR) [[PKX]] , Nucor Corporation [[NUE]] and United States Steel Corporation [[X]] .

UPDATE: I sold another 25% of my Cummins Inc. [[CMI]] position, north of $53.40

Poof! Your bullshit dollar rally is gone.

-Merlin