Peter Thiel is a Huckster

So Mr. Thiel turned $500,000 into a billion, long Facebook. That’s terrific and I am very impressed by his investing “style.”

When I told you “Vulture Capitalists” are the lowest form of human being, you scoffed at me and proceeded to eat chocolate pudding with whipped cream, like the fat fucks that you are. Well, with Facebook at new lows and Pete selling out of the majority of his shares DOWN AT THESE LEVELS, do you believe me now? Do I have your attention?

Good.

There is nothing wrong with selling stock and taking profit. However, I have a serious issue with the way Morgan Stanley and the Vulture Capitalists, like Thiel, marketed Facebook to the retail investor, propping up the valuation to unbelievable levels, and now bear witness to insiders abandoning ship after just 1 quarter of earnings.

Something is dreadfully wrong with this picture.

First of all, Zuckerberg needs to assert himself and oust Thiel from the board, immediately, like right fucking now. Second of all, Thiel, and the other VC’s, should go fuck themselves. None of these men are with top hat. They are the very worst in finance, totally devoid of comportment and decorum, slapping investors with their dirty hands and vexing people like me with their fucking faces!

Sell all social media stocks. Do not participate in the scam called IPO’s anymore. None of these men deserve exits after what they did with ZNGA, GRPN, FB, ANGI, etc. The list goes on and on and on.

SHAMEFUL!

I am grateful to have eaten this chinese burrito and make 15% in the process.

I am out of CTRP.

I started a new position in NFLX and did a small average down in MRVL.

I started finance blogging back in 2006, at FlyonWallStreet, where I earned the name “The Fly.” Back then, I had a lot of shit to say, particularly with four letter words. There weren’t any finance bloggers who talked like me back then because bloggers were pussies. In the real world, people who manage money have disgusting, filthy, mouths, cussing at old ladies in wheeled chairs and spitting at the homeless. But somehow, someway, when these charlatans made it online, their salesmen hats went on and they became very prim and proper, coming across as bland, rigid, checkered pants republicans (no Savage).

I revolutionized this blog game, spawning off dozens of copy cats and countless others who mimic me on Twitter.

The reason for the redesign.

The previous web design was beautiful. I loved the black, glassy, look, with background images to match. I liked the format, but quickly despised it for a specific reason. My crew, the elite tabbed blogger apparatus, the all-star squad of staff writers, drowned under the volume of the purblind. Since it was sorted by chronological order, more than ninety percent of the content published under the old design was indeud penned by gorillas with half eaten bananas on their desks, and NOT my staff writers.

At the annual iBC dinner, their discontent was aired and I have responded in kind.

Effective immediately, we are now in the year 2006 and you are enjoying the new design, whether you like it or not. Although you never imagined that orange was for you, it is now your favorite color–next to white and wheat. I am sensitive to no one and will not bend, with regards to living in the past. Back then, things were simpler. Twitter wasn’t even around and Facebook was having its dick cut off by Myspace.

However, if the white is too harsh on your old man eyes, I can have VINCENZO ILLUMINATI (world famous IT specialist) tone it down a little.

As an aside, I am up more than 2% this morning, led by fantastic gains in CTRP, DMND and EXK.

Old school.

NOTE: If you were too lazy to click on the link above, this is what the old site looked like. Odd, no? VIZ.

Will the silver stocks, led by the good Senator from Kentucky–JAKEGINT–shoot for the stars or fall under the weight of their own hubris, yet again? How many times do I have to witness these faux breakouts in the silver sector before vomiting up my shares of EXK for good (lots of loaded shit in this paragraph)?

As some of you fine cardigan clothed gentlemen know, The PPT nailed the oversold on EXK 5 times in as many months! Right now the stock is on a run from $7.69, where it was flagged by our godly algos last. My cost basis is in the low $8’s and I’m inclined to sell into strength, only because the silver miners have proven over and over again that they are to be traded, not invested in.

Based upon the unbreakable laws of mathematics, here is the silver sector, ranked by technical strength.

At the present, EXK represents a staggering 18% of my assets. I’m heavily long based upon two things.

1. Central bank money printing caused by bailouts.
2. Repetition in oversold readings by my algorithms.

I respect things that have made me money in the past. Without a solid foundation to fall back on, you are nothing. My past defines my future– and by extension– my past will define yours.

You know I wasn’t even interested in DMND until some weird anti-semetic guy– with jewish sounding names– started to pump “DMND short to zero” posts on iBC? His posts were so stupid, so inane, totally devoid of any semblance of reason, I knew the stock was going higher, much higher.

People who know do not waste time leaving desperate comments on websites. Understand something, iBankCoin is the cooperstown of this blogging game; but the people that come to visit are often miscreants, dirty, stupid people, only interested in self-promotion. I built this site with my own hands, painfully gripping hammers and driving nails into the coffins of short sellers, since 2007. I have a gift for reading people, feeling the waves before they are visible to the masses.

There is a wave coming in the shares of DMND, much to the chagrin of Mr. Weinstein. I am here to collect his money and transfer it into Mrs. Fly home decor slush fund, so that she may purchase Persian rugs and ancient Roman vases, all for the explicit purposes of insanity.

Do not bet against the man in the time machine, small plebs, for he has already seen the future and knows what it brings.

http://www.youtube.com/watch?v=Nruro2d4YCo

ATPG had an enormous short position for years and now finds themselves drinking bourbon out of used oak barrels– bankrupt. GMCR was heavily shorted, well before the likes of Einhorn came along and pronounced the company to be a sham. DMND was shorted before news broke of accounting irregularities.

For you new-jack suckers out there: beware of stocks that are heavily shorted. More often than not, stocks that are targeted by shorts (think SHLD) are targeted for a reason. I love to play off the weaknesses of follow-on short sellers, squeezing them for short term gains. But I rarely hold heavily shorted stocks for long term.

When markets are in explode to the upside mode, stocks with bountiful short positions are the best stocks to own, due to the inevitability of less than committed, opportunistic, shorts sellers being forced to buy back shares to protect dwindling capital bases. But am I interested in holding DMND into earnings?

Fuck that shit.

Over the next several days, I intend to inflict massive damage to shorts sellers, trapped in DMND. They will cry and scream for help; but there are no near term catalysts to derail the stock from going “African Mask” on you bastards.

We’re going African Mask on DMND, throwing spears and shit into your faces, and then I am out.

DMND embodies this market. The company has not performed admirably and as a result is saddled with an enormous short position, constituting almost half of the shares outstanding. Do you know what is about to happen to said shorts?

Good Sir, I implore you to step out of the FAZmobile and smell the roses. The air is filled with aromas of sweet ambrosia. The sky is made from cotton and the ground you walk on is candy (specifically jolly ranchers).

As you dick around, embedded in shorts to nowhere, I am banking coin.

I made back all of Friday’s losses, AND MORE, thanks to VHC, DMND, EXK and others. I do not pretend to know everything: I know everything.

This is, mind you, a long only market.

NOTE: the final iteration of the iBankCoin redesign is almost completed. Like I said, I am taking the site back to an old school era, Geocities 1996 and shit. I am entirely fixed on presenting financial information and commentary that is unmatched in the western hemisphere and have made it my stated goal to accomplish this task before the prophecies of the Mayans comes to fruition.

Top picks: stocks mentioned in this post.

I’m not really bored; I just don’t care. Everyone is filled with useless opinions. “Where’s the market going? Oh, you were wrong on your last pick, therefore you suck.” This whole circus act gets monotonous– you know.

For example: the Blogger Network.

Long term frenemy and nuisance, V.King, is advertising his iBC blog that is filled with horseshit, regularly in these hallowed halls. As head gentleman of the lead parlour, am I supposed to just sit here and let that happen? Of course not. Executions will be liberally administrated, in accordance with iBC law. The sooner you come to grips with the fact that I am a superior being, the sooner you will be at peace with yourself. Don’t mimic me or try to curry my favour by doing outlandish things. I am a man of extreme purpose and taking time out of my day to polish this house weazens me.

Futures are flat and I am flush with cash, after selling out of my DECK position on Friday. It was a 12% gain and the Sterne analyst (the only one who nailed DECK) is still cautious on the name. I was thinking about reallocating that cash into some wacko investment, MRVL like. But then I thought about all of the times I was raped and humiliated in September and opted to do nothing instead. Even though I inverse nailed the MRVL trade, I am 1% off my annual highs. I am due (trust me) for a severe draw-down. It has happened to be about 50 times over the past two years: I am my worst enemy.

Heading into the second half of August, I am a net seller, but will remain opportunistic, as always.

Prepare yourselves.