The Bear Will Roar

I’m actually constructive on JCP, despite the disaster. I did some ‘field work’ last time I was at the mall and the manager I spoke to explained the strategy. He said the elimination of coupons has resulted in sales to taper off because old fuckers in wheeled chairs no longer impulse shop. But, the elimination of the coupons were vital to get rid of the fucking lone ass lines, plaguing the stores. Secondly, they are replacing all of the computers/cash registers with iPads to ring up customers in the “Apple way.” Lastly, he is renting out square footage, like Macy’s, to the likes of Sephora, Levis and others. Now it’s going to take time for these changes to take place and EVERYTHING is being marked down. If you’re looking for deals, go to JCP because everything is marked down by 50%, as JCP draws down its inventory. In the future, they will no longer carry vast amounts of inventory and are in the process of eliminating multiple underperforming brands.

Fade Cramer. Keep an eye on JCP.

We are now in a bear market, led by the homosexuals at GRPN. Whoever brought them public, specifically, should be imprisoned.

Unless we wash out 500 points, I am not interested in putting my money to work. I am quite content being half cash, long VHC, EXK, SWHC and a few other small positions.

In summary, as promised, “The Fly” has risen from the dead (extra zombie), just like Jesus, and is now devouring the brains of others, clad in the finest dinner jacket you’ve ever had the honour of witnessing.

NOTE: Yelp is getting into the buy zone and is of great interest to me, following the PCLN for KYAK deal.

One constant in my life has been the ability to win, all the time, even when things look dreadfully dire. Readers of iBankCoin have come to expect the unexpected, wins shooting out from my ass at times when it makes no sense, such as YELP doubling when the sector was being dismantled.

VHC is no different.

While its true, I depend on a network of people and information, at times, to help me along. But in this business of professional, high grade, asset management, you’re only as good as the people you surround yourself with.

Case in point: my programmer, VINCENZO ILLUMINATI, will only code from the decadency of a 18th century, Victorian desk, listening to “drawing room” music, wearing a powdered white wig. Some might think his ritual is odd, almost psychotic; however, he’s the best programmer that I know. Therefore, by extension, he’s the best programmer in the world.

The people that I know are the very best, you’d know this only if you were me. But you’re not, so fuck off.

I stretched higher by almost 3% today, almost matching yesterday’s 5.5% extravaganza. I’ve recaptured almost 10 percent this week, putting me back to +28% for the year, also known as much better than you and your stupid fucking friends.

I don’t think some of you realize how divided this country is right now. Some of you get it, because you live inside the confederacy. I’ve always considered myself to be a “southern gentlemen”, amongst many other things, despite being born and bred in the heathenous, ruinous north. There are some things that cannot be forgiven, one of which is the reelection of Barack Obama.

I speak to many well to do people and they are protesting with their coin. I believe gun sales will shoot higher too. Hell, a 79 year old client of mine from Texas went out and bought a new gun today. What the fuck did he do that for?! People are moved by emotions. They believe in certain ideals and will do whatever they can to see them come to fruition. That being said, maybe Obama’s vision for the future is the right one. I am not here to judge.

However, what I am here to do is direct client funds in the most optimal place possible. On Jupiter’s Stone, we are heading for significantly lower prices, despite the blips to the upside that is to be expected along the way.

I allocated 8% of assets in SWHC today, putting me at 47% cash. I have nearly 30% of my assets tied up in VHC and another 8% in EXK. The other 1% is reserved for old man stocks, none of which hold any weight in these discussions.

My advice to you, very simply, is to run. For dear God, Bernanke is too stoned to realize what is going on here.

As of right now, I am bullish on VHC, gold/silver, guns/beer and bearish as fuck on everything else. Plus, the Mayans are gonna come back from the dead and destroy the planet in two months anyway.

Poof! Your bullshit bull market is over.
-Merlin

Judge Davis ruled that AAPL and VHC must meet by 12/14 to mediate a settlement. This will include royalties and such, paving the way for a path of extreme winship, for myself and others of my ilk– into X-mas. Now with this looming over the heads of the shorts, the fate of their pathetic lives are in the hands of a judge who has ruled in VHC’s favour, not once–but twice! I surmise it’s going to be a very bloody Thanksgiving and Christmas for them.

The streets of Wall will be strewn with their large intestines, blood staining the limestone buildings because some find it to be decorative.

This is not “Fly being Fly.” This is going to happen, small people from the interwebs.

Aside from that, the market is in trouble of vomiting up a few percent, thanks to AAPL. It must hold these levels, else all is lost.

Nevertheless, being that I find myself merrily long just EXK, VHC and a few old men stocks (55% cash), I started a new position in SWHC–despite the run up. Both RGR and SWHC will continue to make new highs, as the south secedes from the Union. We are no longer able to hold this stupid country together. It’s best that we get it on already and divorce one another, for the sake of all that is good and sanctimonious.

The jerkoffs just spent $6 billion on their stupid elections, pitting half the country against the other in order to self aggrandize themselves with perks from their ‘special interests’ to get rich.

Meanwhile, back in the first city of America, New York, 366,000 hard working tax payers, citizens of this shit-bucket of a country, are freezing to death due to lack of warmth, without electricity, as the winter storm bears down on them. Over in New Jersey, more than 550,000 people are without electricity, leaving them fully exposed to the elements–despite all the ‘help’ Obama has supplied thus far.

What can we do?

Oh, I don’t know. Let me think. How about setting up giant generators, or giving people generators with adequate supplies of gasoline, SO THEY CAN STAY ALIVE? You cocksucker, motherfuckers. You spend all of this money, on the dumbest shit in the world, at the behest of your asshole friends–but you can’t go the extra mile to keep a million people from NY/NJ warm during this storm, subjecting children to abysmal living conditions?

May the Gods of Karma (GOK) cut your dicks off.

Once again, fuck this country and fuck your taxes. Oh, and thanks for “keeping us safe” by dropping 10,000 pound bombs on crazy arabs in the middle east, as we freeze to death here.

http://www.youtube.com/watch?v=GAvNMgMQYCk

But the government is doing a fucking GREAT JOB helping out, right Governor Christie, you fat fuck!

While all of you lost money, mostly in horrific fashion, Le Fly (as he is commonly known in France) made a fortune.

Quickly, he sold out of everything but EXK and VHC this morning, when the market was ‘garden variety’ lower. Then he applied the screws of hell to the short sellers of VHC, with the generous help from “The Devil” of course. With my close friend and confidant, “The Devil”, we intend to own many more hundreds of thousands of shares of VHC, in magnanimous fashion–for the explicit purposes of inflicting damage to those who are short, in addition to making a small bit of money for ourselves.

I want you to understand something. VHC only shares 25% from their litigation settlement with SAIC. And, they will share 0 of any royalties they receive, going forward. In time, everyone will ‘bend the knee’ to VHC and accept a licensing agreement of 1-2.5%.

What is VHC worth, potentially?

Well, aside from future settlements/licensing deals with Cisco, Lucent, Avaya, Google, HTC, Samsung, LG, Microsoft etc, let’s look at AAPL.

If they get a standard 1% licensing agreement from Apple (iPhone, Ipad, Ipod and Apple computers using new operating system), they stand to make upwards of $500 mill per annum off of it. At the standard 5x sales, which is very conservative for a company with big growth, you’re looking at a share price of anywhere from $55 to $75, based on 45 mill share count and flexibility for market conditions and cash on hand.

That’s just the tip of the iceberg. VHC will own 4g-5g, just like QCOM.

I added to my already huge VHC position.

I sold out of most of my positions this morning, in order to regroup. I was able to do this thanks to the large spike in VHC, which is a 23% position. Aside from VHC, EXK is my only meaningful position.

I am looking to buy the blood and find myself, yet again, in an optimal position to do so, with FFIV and DECK recovering almost half of my losses.

I will buy more VHC, without a doubt. And, I am eyeballing SWHC and RGR. This is not an election result that will endear the good folks at the NRA. People will run out and stockpile guns, for fear that they will be banned over the next 4 years. It may sound crazy–because crazy people think this way.

My favorite gun plays are CAB, RGR and SWHC.

Patience is the name of this game. This too shall pass. Ben is still in charge.

If you bought ANR or any coal stock based upon a looser EPA, thanks to a potential Romney win, you must sell coal today. You must sell, not because the share price is doomed and it’s going lower–but because the catalyst for higher share prices is gone with the Romney defeat. This is the crossroads between making it a trade, based on a strong catalyst, and making it a longer term investment based upon stubbornness.

I made a ton of money in ANR over my past two trades, not this one.

I booked the loss this morning, market orders, not giving a fuck about where it was trading–because my initiative has been lost.

Also, I sold out of DECK, as promised, taking advantage of the post earnings dead cat bounce.