The Music Plays On

With today’s gains, I am now up more than 30%, enough to take risk and not worry about falling back in line with my competition. My gains are being spearheaded by VHC, TC, ESRX and of course PPC, as I am The Chicken Man.

I am tempted to sell off 20% of my assets here for cash. That would put me at about 33% cash going into the Fed. I feel that is a prudent level. However, my greed is preventing me from doing so. I need to adhere to the basic principles of proper money management and forgo my barbaric desires of gluttonous, outsized, stock returns.

This business can be very easy and smooth sailing, providing you know when to press your luck. The market has a familiar feel of euphoric perversion, ahead of the Fed.

Without a doubt, the risk is to the downside here, as expectations are through the roof.

UPDATE: I sold out of CVO and some VHC. My cash position is now 25%.

We’ve been programmed by the Fed to expect QE whenever the market goes down. That’s defense. It’s time for some offensive measures.

The Fed is going to implement QE3 as a tool of offense, in a last ditch attempt to rejuvenate the economy to try to cause a ripple effect that will help pay down western debt through higher than expected growth. That’s the plan.

Think about this economy as a big business. The well to do represent more than 70% of consumer spending. They don’t give a shit about gasoline prices, like the rest of you plebs. If gas was $20.00 per gallon, they’d still build 45,000 square foot mansions in Palm Beach. The point is, QE3 is geared to help the rich through asset appreciation. The poor to middle class do not move the needle (no Zuckerberg). Therefore, as a result, the Fed no longer caters to them with high CD rates.

The initial reaction to QE3 may be a sell off. Don’t be alarmed by that shit. The market will go up for 6 months straight. The gains will be nothing less than 20% and if you play your cards correctly, you too will be rich as fuck.

In short, the Fed is about to embark on aggressive offensive measures through POMO. If you doubt Bernanke’s resolve, sell him short via a little TZA. Be my fucking guest.

NOTE: The crop report confirmed THE CORN TRADE IS OVER, as predicted by yours truly. PPC is a buy.

The Fed meeting is coming up and I am intertwixt between greed and fear. I don’t want to delve back into a “promiscuous squalor of barbarism”; therefore, I must sell something ahead of the Fed. The question is what?

Do I cut losses on NFLX and put that cash into a downside hedge or leave it in cash? Or, should I let it all hang out, cock swinging low into a field of bouncing betty landmines?

Many of you have drawn from the worst of luck on many occasions. I, on the other hand, have not. My wins are continuous, as I have a penchant for progress and luxury. Dare I say, it’s a God given right of mine to admonish you arrivistes, parlaying around my favorite eateries in your stupid cars. You are arch fiends, stertorously waffling through life with all of the traits expected of an ape dressed in high thread count shirts. I spit in your general direction, sober, as I refrain from partaking in the use of intoxicants when there is work in the morning.

The talking faces on CNBC will, disgustingly, drone on in voluble manners, dressing their unseasonable opinions to appeal to the natural vagabond, desperately seeking guidance. I will tell you this, as Zeus himself is my witness, my opinions and positions will be paramount to theirs. I will stick their heads inside of my Blendtec and feed the fluids to my carnivorous plants.

The imperious armies of iBankCoin light flame to your faces and then dance on your graves.

A great man once said “I like my meat cold and bloody, just like my wars.”

As do I!

Ragin’ nailed ANGI for nearly a buck today, inside of 12631, and I was speed chopping carrots with my genitalia placed on top of the table inside The PPT.

We are not geniuses for nailing this specific market. We are competent individuals, able to read the tea leaves, on a consistent basis, sharing such intuitions with you– “the people”– because it’s our passion. Some of you choose to throw meatloaf at us, as we perform this public service, because you’re ingrates, born from a low cloth, unable to discern right from wrong. In that regard, you are not to blame–only your bastard parents.

You need to have faith in the market going higher– in perpetuity– to bank coin and enjoy it. Ignorance is the tonic of the rich and fat. Without faith, like organized religion, everything is a sham. It’s confidence that built pyramids (or aliens) and it’s the steady hand of Benjamin Bernanke that will guide your bullshit brokerage accounts to the proverbial promise land.

Get it while it’s hot you hungry fucktards. The stock Gods are pissing gold and shitting diamonds on the world right now (no toilet).

Look at this fucking market rip tits to the upside. This is pure hedonism if I ever saw it. I am sitting here watching Mrs. Fly contract a welder to build “specialty air vents” and I don’t even give a shit. Money is falling from trees onto my desk.

In about an hour, we will be hosting a “rug specialist” who will rob us for some coin and I am positively content with it. Life is good (no Nas) and America is clicking on all cylinders, at least for the elite few who are able to procure 7 figure salaries.

All of my stocks are up, even NFLX. This morning I allocated a portion of my cash to TC and ATML. My total cash position is now 13%. I like ATML for the win, as well as TC, VHC and everything else.

For the love of broken elevator cables racing down shafts, this is a bull market.

Top picks: all of my positions, #TIMESTAMPED and listed in The PPT.

http://www.youtube.com/watch?v=qW6Y4XMluTU

I bought into the mirage, adding to TC and starting a new position in ATML.

Eleven years ago today, I was reading The Book of Better Business Wisdom on an express bus from Brooklyn to my office in midtown Manhattan. As the bus pulled up to the world trade center a thunderous noise rattled the streets. It sounded like 10 cars had exploded at the same time. Shortly thereafter, paper confetti began to sprinkle atop the vehicle and a wide hole of fire was visible at the top of the trade center.

The era of 9/11 had begun.

Since then our politicians have disgraced themselves in ways unimaginable, through corruption and stupidity, we now have $16 trillion in national debt and our markets can’t survive without QE-life support.

Since 9/11, I’ve given up all hope on our federal government. I used to be a patriotic conservative, arguing the purposeful mandates of the republican party at dinner parties–kicking liberal colleagues in the shins and guts. After a while, however, I realized both parties were corrupted by the same thing and neither of them cared about the American people. My brother in-law did 4 terms in the Iraq war, risking his life for reasons unbeknownst to me.

Truth be told, I’ll never waste my time and money on politics again. I chalk it up to a youthful excursion into the bane and jejune.

As for the market, I hope it rallies today–but don’t expect anything grandiose ahead of the Fed. Fun fact, the iPhone 5 may boost GDP by 0.25-0.5%, according to an analyst report. Amazing.

I sold out of PLCM, raising my cash position to 20%. Like I said earlier, I am a seller into the Fed meeting. Depending on the amount of carnage or gains absorbed ahead of the Fed will determine my level of selling. I was tempted to sell more, but opted for a methodical approach instead.

Also, I am eying to buy FSLR, due to strength in the solar sector–an Obama (go Solyndra!) 2nd term play, if you will.

Members of The PPT know we were flagged OVERBOUGHT on thursday and friday. Thus far, those signals have proven accurate. Generally speaking, OB signals preempt a 1-3% sell-off in the SPY, over the next 10 days. With today’s 0.6% drop, I am looking for another 2% down to reallocate funds.

Trust me, I know this sounds chaotic, bullish one minute and bearish the next. Right now I’m sort of neutral. I embody the stock market, in all of its forms. The reason why I am able to crush my peers and indices, year after year, is due to my malleability with regards to opinion. My recent forays into the market have proven to be profitable, yet not pretty and more of a grind than anything else. One percent here, two percent there, and I’m +27% for the year.

Early going I had some macro-thesis plays in WNR, ALJ, YELP and others. But I’ve moved past them, as prices have appreciated beyond reason, in exchange for oversold momentum plays. Cognizant of the nature of double edged swords, I remain steadfast in nothing but preservation of my gains and will literally kill a roomful of humans to make sure that I accomplish stated goals.

http://www.youtube.com/watch?v=4g8cjYTIVes

I am seeing a lot of China-centric names running higher, particularly steel and copper–even aluminum. Names like CENX, MEA, RS, FCX and a slew of cement stocks are strong. On top of that, domestic retailers are near new highs. If I didn’t know any better, it looks like the global growth story is back in play.

Now that doesn’t mean get long MTL in size and never look back. For fucks sake, this market is almost as bipolar as “The Fly”–switching from one macro-thesis to the next, without a care in the world.

Two new stocks on my radar are BYD and MEA. Actually, I’ve been eye-fucking (no pervert) MEA for a few days now. I haven’t bought any yet because I already own NAK, CVO, TC and PPC. Next thing you know, BAM!, the market gets lit up and I’m caught long a portfolio worth of shit micro-caps.

For the young punk motherfuckers out there: remember to lighten up when shit is rising to the top. It’s always a precursor to a nice stiff correction. In this case, there is a strong chance we will sell off after Thursday’s Fed meeting. Why the fuck not?

At the moment, I am rolling the dice, 90% invested long. I will not add to any positions from here, as I am looking to unload into strength.

TITN is getting poleaxed because corn has been eliminated from the American diet, thanks to the catastrophic weather patterns this summer. The time to be long ag, based upon expensive corn prices, is over. Now we have to deal with the after-effects, which is onerous to the ag industry. The illusion, for lack of a better word, is finished. It’s time for reality to set in.

However, as one illusion dissipates, another emerges.

The protein trade is alive and well. My favorites are PPC, SAFM and SFD. The headline risk of surging corn is behind us. Now we can transfix on Thanksgiving and the fat, gluttonous nature of this country.

PPC for the win, fuckers.

The market is weak, but nothing too hysterical. Until there is some news for the bears to chew on, expect markets to grind higher.

Top picks: PPC, CVO, TC, VHC