Fly Swap: $GIMO for $BRCM

I booked a loss in BRCM and doubled down in GIMO.

Pardon the lack of brevity in my title. I’ve committed a most heinous crime in modern literature by attempting to communicate too much before the meat of the discussion. The simple truth is I am in last month’s stocks/sectors and the rotation is grinding my skeleton into a famine. I haven’t traded in over a week and I just booked my worst 1 mo return of the year.

Solar, LEDs and Shippers are played out. All of the gentlemen of fashion have moved onto greener pastures.

Let me elaborate.

BAC, BP, BIIB, TWC, YUM, NOK, UAL, JAZZ, MU, SHLD, PNRA etc.

Brand name stocks, designer stocks, are ripping to new highs, which is helping the Dow reach new peaks, daily. Most of us shifty eyed gamblers aren’t in these names because we shifted into chinese burrito bombs or solars when they offered 30% weekly returns. Since the rotation started, which is marked by the IPO of TWTR, speculative/high priced stocks have been beaten into the dirt and rocks. I’ve bared witness to outrageous tragedies amongst the stock brokerage class, represented by stocks like YELP, TRLA and GRPN. These momo stocks that we’ve grown to love have aborted their shareholders, at the same time THE BITCOIN has tripled in price.

This is NOT an easy tape to trade.

Clients will not understand, nor appreciate, why you are underperforming as the market hits new highs. They will fire you and you will be without paychecks for the Christmas festivities.

I don’t have any answers for you this evening. I am merely an observer peering into a market that is being operated by devils. My only solace is knowing that I’ve navigated rougher waters and will eventually nail a pivotal trade. The thing that worries me is time. I need to do it before the year ends.

I AM RUNNING LOW ON TIME.

Just like when FB came public, social media stocks are careening lower–post mega TWTR offering. It’s almost surreal to see history repeating itself like this. YELP, TWTR, TRLA, GRPN, Z, P are all mired in mud, as the market hits new highs. As much as I like the space, especially YELP, you can’t touch these stocks now, due to their extreme valuations and icy cold shareholder base.

A lot of people are underperforming now, due to the constricted nature of this rally. It isn’t broad-based. Certain industries are performing, while others languish, even tank lower.

It would be smart to cut losses on names that aren’t working in favor for those who might become recipients of window dressing funds.

I’ll share some candidates in the next post.

Until then…DEVELOPING…

Futures are higher and the peasants are being overrun by leather whips, lashes to the face and chin.

With the ‘historic’ Iranian peace accord (ack, ack, ack) Brent crude should underperform, as it is likely that fresh Brent supplies will make it to the world stage soon enough. If that’s the case, you want to avoid US refinery stocks, until the spread ‘normalizes.’ In general, however, the perverts in DC will never let crude drop below $85, as it’s against their best interest to do so. Therefore, any dip in oil stocks due to this marvelous peace deal should be bought.

As a matter of fact, everything should be bought, sans the stocks that are heading into earnings. You want to avoid reality as much as possible. Live inside of the Matrix, become and actor, someone important; live in Australia. But, by no means should you ever live in the real world and have to deal with the consequences of an earnings miss.

Once earnings are out of the way, we can live on Fantasy Island again, throw Hawaiian flowers at one another, get drunk and buy stocks.

This is the week when “The Fly” de-robes and roams about his office, burning a profuse amount of incense, so much so the fire alarms awake Mrs. Fly, who will then panic and scurry about to get the children to safety. The bastard firemen will come to extinguish a fire that’s so hot, they will inform Mrs. Fly “that nothing can be done.”

I shall rip the gizzards out of those jive turkeys who’ve been squawking at me. This is the week when dreams will be made, shattered, and generally reconfigured.

The power of the Turkey Gods is an undeniable force to be reckoned with. Let the jackasses pop champagne corks into each others faces, celebrating Iranian peace accords and the first female chief at the Federal Reserve. We will ignore them and bank coin in stocks instead– because that’s our religion, political disposition, and goal in life.

Lesser men ponder the meaning of life, what their elected officials are doing and why Jesus Christ is so damned absentee. Men of letters, learned men, understand that the only thing that matters is personal progress through enterprise. In this case, our enterprise, gentlemen, is the stock market. Without possessing capital, you cannot make a difference in this world. You will loaf about the couch and bed wondering where your life went and how it ended up sucking so badly. While money may be the root to all evil, it’s also the elixir.

Having been on both sides of the fence, I can tell you there isn’t a moral advantage to being broke and disheveled.

So let us enjoy this week of massive celebration and vanquish our foes into the hard rocks, break their necks like poultry, and do it with a smile 🙂

Well, are you?

On the table is a loaf of bread. I pick the bread up and slice it with my knife. I cut it to ribbons and eat it all. After I eat the bread, I gather the crumbs and eat them too. I eat as much as I can now, while there is bread on the table, knowing a famine could be ’round the corner at any time.

As we embark on closing out a 7th straight up week in the market, I want to vigorously roundhouse people in the face, knock their ears from their heads, as I’ve all but missed it.

I missed the boat, being in the boat, suffering in the cabin with other cursed fishermen. But we are hungry and will continue our journey. Our vessel is no longer neutral, as it’s now fitted for open seas piracy and our crew has grown deranged from starvation.

I am going now, seeing my portfolio up a mere 0.57% for the day and BALT lower.  Any wholesale changes will be met with comedy, as was the case with ALJ and TRLA. Therefore, I’ve decided to remain aboard this vessel  and just ride it out.

Better currents ahead!

He is out and about running errands, working slavishly for the people in search of conquest. If you care to relay a message, please leave it here, else risk perishing in the fires of hades without ever saying your word.

Even though you’ve managed to fail at everything you’ve ever tried, since little league baseball: you’re about to make a tremendous amount of money in the stock exchange!

The great Turkey run of 2013 is about to commence. On the menu is the hearts and livers of those who bet against you. Would you like to eat these delicacies with rice or potato?

Your wife is going to think you’re so cool, she’s gonna buy you one of those “T-Bird” leather jackets from Grease for making all of that coin. You’re a lucky man.

Shortsellers will be crippled under junked Tesla automobiles and not afforded the luxury of wheeled chairs. Without the assistance of reality, via earnings reports, the bears will fall inside of the “fantasy hole”, subsequently devoured–never to be seen again.

All of “The Fly’s” stocks will recover and he will close out the year, miraculously, at all time highs, plus 70%–punching people in the face, knock-out style, all the way to the bank. Parades will be held in his honour and smaller men will be sacrificed to the stock gods, honored in the fires of a pyre, for the benefit of everyone here at iBankCoin.

There were a few laggards, including BALT. But all in all, it was a clean rally, sporting 75% breadth. Let’s see if we get some follow through.

All of the crap that came under pressure popped today.

Names that interest me, aside from my holdings, include ILMN ($100 roll), refiners (arggg), and for some reason AFOP keeps popping up.

Based upon fundamentals, LNN is cheap as hell. And, I like fallen stars ANGI and OWW. Recent IPOs that interest me are WDAY, VEEV, CRTO and WUBA.