Red For Now

ANN will squeeze higher today on better than expected results. You need to pay attention to this trade: retail names with large short positions. Think CROX.

Everyone is betting against retail because fuckers from the midwest are on meth, unemployed and plain old stupid. However, you forget how rich your NYC/LA masters are. NYC alone can carry many of these retail names, AND MORE. Having said that, I am comfortable long PSUN, THQI and will look to buy LIZ. My only reservation with LIZ is the fact that JCP stole Claiborne from under them, leaving LIZ with an uncertain future. However, if management is successful in developing their new brands, LIZ can really, really rip higher.

I know the futures are pointing to a lower open; but I will be shocked if we close down today. Bernanke is a manic without a leash and is hellbent on biting short sellers in the face.

CSCO announced a gargantuan $10 billion share buyback . Expect mergers and buybacks to reign supreme, especially on market pullbacks. In other words, there is a put in this market.

I love discussing “freedom” late at night. The whole TSA conversation has me APPALLED, by many of you fatties, who are afraid to show your tits. Look, the TSA is awesome. Those fuckers are fondling America, one retard at a time. Not only that, they get to laugh at all of the portly fuckers walking through their “freedom machines.” Cool job if you ask me. God willing, future generation XRAY VISION RAPE MACHINES will include heavy lye and sterilization processes, in order to cleanse the American dirtbag of his/her bed bugs. As you well know, this is an epidemic.

God bless Michael Chertoff and his consulting group for mysteriously landing the contract with the TSA to “examine” America between their tits, balls, vaginas and buttocks.

As a side note, a lovely story of TSA magic from Redstate.

Today’s tape is scaring the shit out of short sellers, so I figured it was my duty to lend to the anxiety. I just got back from Wall Street, where I startled piker brokers with my African mask and multiple bow ties. That’s right, Jim Rogers doesn’t have shit on me. “The Fly” wears multiple bow ties, when dressed to impress. The whole African mask thing is something I took from my sons art project. It is scary as shit and makes stock brokers panic by the sheer sight of it.

I received a text message this morning from some guy who has like $25 in his account with me. It read: “please get me an allocation of GM’s ipo. I will wire you the money immediately.” My response, as you could imagine: “go fuck yourself.”

See folks, clients are not special. They’re just people who think they are special. In reality, they are assholes, just like you. I make it a point to let people know how insignificant they really are, with regards to my personal life. I do not need their business, nor do I really want it. It’s a job, not so much different than picking up trash or mopping hot tar on a roof. My job is to make lots of money for people and take a cut of said money, so that I can finance projects designed to undermine the fabric of society.

We’re going gangbusters here, folks. We are in a LONG ONLY market, where shorting leaves you dead in the street, sans African mask. I like retail, going into Black Friday. Names like LIZ, PSUN, ANN and THQI interest me. I’m also interested in pressing the shorts in FTK. You know those fuckers are squirming, hoping the pain will stop. They figure the stock is up huge and it needs to rest a little.

WRONG.

There will be no respite, nor safe quarter—just African masks, bow ties and black flags.

NOTE: December seasonality screens are up in The PPT. Very interesting data.

Added to the pig named WFR. And, I bought 50,000 THQI, in the $4.70’s.

Disclaimer: I ride in spaceships and shit. This sort of investing is advanced and should not be replicated by mere pedestrians. Failure to adhere to these “laws of reason” will result in a cataclysmic lightening storm outside your residence and ridiculous monetary loss.

Fuck you and your fancy euro-garbage can car, or your Japanese heap of shit. Here in America, we got F and GM and other shit.  We pay our workers like 3x what you pay yours, because they’re American and make better shit than you. As you can see, by the ipo price of GM, we (us Americans) are a great success. When the stock trades up to $54, the government will break even on their GM “investment.” Isn’t that great?

For whatever reason, I was wrong buying FAZ yesterday, so I quickly sold it this morning for a 40 cent loss. In the big scheme of things, I piss on 40 cent losses.

Immediately, I started bulking up on PSUN. I wanted to buy LIZ and FLS too, but the shadows near my favorite urinal threatened to decapitate me if I did that. So for now, I am cash rich, but all long.

In case you are wondering where to put money: look no further than names with heavy short positions, like PSUN, LIZ, ANN, JCG, CAKE, UA etc. For PPT users, here is your screen.

As an aside, the friendly fuckers from FTK will be attending meetings in NYC soon, in order to “shore up” investor sentiment. In other words, they are meeting with some institutional investors. Hear me now: the stock trades north of $3 before Turkey day.

I bought 50,000 PSUN in the low 6’s.

Disclaimer: If you buy PSUN because of this post, your  computer will electrocute you. And, you may lose money.

Sold it out, booked the loss.

I’ve been especially mum about the perverted developments out of General Motors, specifically because it’s not my parade. Let me be perfectly clear: you bullshit 10th tier firms need to stop bitching and complaining about “lack of access” to the GM ipo. You are not Goldman and certainly not Morgan, so you need to fuck off sideways, retard style, down a flight of slippery steps. The ipo is for closers only.

Do not go on Fast Money and discuss how you were “left out in the cold” to rot and die a government death. Instead, you should be waving American flags and handing out large candy bars to children, for America is back, baby. The ipo of GM, priced at $33, likely to trade $36, is a boon for many institutions and large retail investors across the country. Does it matter that the government gave them $50 billion dollars to stave off collapse?

ABSOLUTELY NOT.

Those idiots give everyone money; that’s not the point. Plus anyway, it’s not “our money” anyway, but China’s or THE BEARDED CLAMS’.

The General Motors is all about fucking up Detroit, while on viagra pills. They don’t have time to worry about profit margins and “shareholders.” I am dead fucking serious about this, so listen up. The General Motors corporation is a relic of American industry. It represents all that was and could be great. Tomorrow’s ipo will be applauded and it will give a boost to the markets, if only for a day. People want to believe in something tangible and GM gives them cars that look like shit. But it’s our shit and now we really, really want to sell it to the unsuspecting Chinese folks, over in Huaxi.

The final word has been spoken; therefore, any word on GM after this post should be discarded immediately and the author in violation of my copyright should be reported to your local magistrate, IMMEDIATELY.

This will be good for you lazy palm tree fuckers out west. I can’t wait until the day when your Chinese overlords take command of the Californian “villages.”

I do not require your financial advice. After all, if I did, I’d be reading your blog, instead of your dumbass reading iBankCoin. “The Fly” is a perfect example of financial success, delivered to you via a large, large howitzer. “Shoot your face off and go about my day eating sandwiches” is my mantra.

I booked profits in SCO, but find myself deeply chagrined with my WFR position. Should that motherfucker trade down tomorrow, I am booking the loss. GMXR looks decent, as well as TEVA. But what has you little fuckers all up in a frenzy is my newly minted, and profitable, FAZ position. It constitutes less than 3% of my holdings, so shut the fuck up about it.

Essentially, I wanted a bounce; but we’re not getting it. Let me say it again: we are not getting a bounce. Having said that, I will need to eat some losses, due to the fact that I am not hedged. Howsoever, I am enriched with a 52% cash position, so I can endure more than you. The strategy going forward is to monitor OVERSOLD names in The PPT and position into them— into weakness. FLS is one of those names, but not yet. Let the market come in a little more and then we can get a nice bounce.