Of Course We’re Buying $TWTR

It is the railway of all information. Those of you who are hating on TWTR because of valuation are just haters. You will never make money in the market–because you’re not built that way.

When I bought FB at $32, many of you mocked me, as it careened down to $18. Now that it’s above $50, you are firmly in the ‘fag box‘, tightly fitted, not leaving any time soon.

I can look at charts and confuse myself as to where I want to place my chips. Or, I can rally around what I know.

This is what I know.

YELP is a winner.

GOGO is a winner.

TRLA is a winner.

BALT is a winner.

ALJ is a winner.

My new buys will be in the tech space. I will own WDAY because the people running it (old PSFT gents) know how to beat street estimates, every single quarter.

I want to own ANGI, YY,  TRIP, Z and maybe a little OWW. I want to buy retailers into black friday. Names like AEO and ANF are dice rolls. But KORS and JWN seem like dunkshots.

And lastly, I want to own TWTR at any price. Do you know why? Because when you are buying a winner, you can do so at any price and know that eventually you’ll make money.

In my sunday afternoon readings, I came across this article, one that has been hidden from the American people for too long. The monster, Charles Lindbergh, was an idiot–and a Nazi knee-sucker.

As you were.

The hardest thing to do is to book losses at the lows. But a line has to be drawn, otherwise a 10% loss will quickly transform into a 20-35% loss.

Today I sold out of HK and MODN, for 10% and 8% losses respectively. My fear, heading into earnings, was a miss, which could quickly transform (extra MUMMA RA) small losses in the gargantuan variety. At the same time, I am dealing with BALT, which was -15% as of yesterday. However, thanks to today’s gains, my losses are a little less than 6%. ALJ, which was a winner, has turned into a break-even, after today’s move.

Take into consideration that I was leveraged at 130% of assets, a great risk in a downward tape.

The best option was to sell some of the dogs and prepare to re-enter the market with a fresh perspective.

Next week I will put my best efforts forward and take back the gains that were mine, which are now being held in stock market hell. Meet me in The PPT for details. I work best when I have something to prove.

Fat little catamites!

I’m not a bear. I only act like one.

Some celestial being is playing a sick joke on “The Fly,” offering winship in BALT, only to snatch it away (extra old lady with purse) with hideous losses in ALJ.

Why do thou curse me? Art thou shameful of thy actions, purveyor of catamites?

I know the stocks that I want to own; but they’re not in play now–so I might as well pack my things and hit the road.

My only happiness derives from the fact that BALT reports earnings next week. I feel they might surprise some people as to the true condition of their business. The BDI has bounced for two consecutive days and the sector has responded, immediately. If indeed we get a continuation of a rising BDI next week, expect huge gaps to the upside.

Other than that, I am disgusted by the predicament I’ve placed myself in. With cash, I am now able to remedy my ailments; but it will take time.

I sold out of MODN and HK, booking losses along the way. I am now off leverage (crack) and in a 5% cash position.

I would’ve bet a million dollars that I’d be up today. I did all of the appropriate things, sacrifices, blood, goat heads and such. The dry bilkers bounced, only to be hedged by dramatic losses in the oil and refinery space.

Just a short while ago, yours truly was sitting atop the world, pondering where to place his chips, replete with gains. After the barbarous last two weeks of October, I am here eating scraps off the sewer floors.

Laugh at your own peril.

Naturally, I cannot stay the course and must sell out of something, most likely near the lows, in order to restore normalcy.

I hope you made it over to the other side of October. Even though the SPY was +4.6% for the month, it was an unforgiving and brutal final week. Between my 0.1-1% losses, I almost went mad. Well, that awfulness is behind us now. Let us prepare for The Turkey Gods and throw liberal amounts of mashed potatoes around the dinner table, whenever possible.

Critics declare “America is poor. Her economy is in the tank.” To them I say “let them eat turkey.”

S&P futures are +3.5 this morning and the turkey run has officially begun.

At the stroke of midnight, “The Fly” will be sipping on a cup of earl grey tea (touch of honey, liberal amounts of milk), while reading from one of his books. Coincidentally, at the very same time, the special Halloween free trials will conclude, turning all of those trapped inside into free-loading pumpkins, escorted out from our halls and tossed onto the streets.

This is your last chance to steal a peek at greatness. There’s a reason why iBankCoin has the most successful premium services in all of finance, without the tin roof salesman approach. We’re the real deal.

The PPT

12631

After Hours with Option Addict

Enjoy.

BALT rebounded, so I’m somewhat content. Although I still see some people unable to grasp the simple concept of addition and multiplication when it comes to the numbers concerning BALT. Remember, they own 5 Handysize, 4 Supramax and 2 Capesieze vessels. Go home and fetch your calculator, then throw a dozens eggs at yourself for not thinking before you speak.

As for me, I will be busy scaring the neighborhood with my decorations + fog machine + strobe light effects. I didn’t dress up in a costume because “The Fly” doesn’t play games. Life is serious and so am I.

With that being said, may your children enjoy pagan Xmas and the dead haunt you tonight while you sleep.

When I was a young lad, growing up in the concrete pastures of Brooklyn, we’d throw D batteries and potatoes at one another, sometimes onions, for fun. Eggs would be catapulted from makeshift machines and we’d vandalize everything with shaving cream, fitted with long rage spray caps, stolen from bug spray bottles. I’d go home victorious every Hallow’s eve, completely drenched in eggs and shaving cream. Some of the clever kids would use nair, in order to afflict baldness upon their victims.

Ah, the good olde days when kids were criminals.

Jesus Christ I am getting lit up in this BALT position, now down more than 15% from my basis. Let me put this to you clearly, as the market seems to be getting this story wrong.

BALT IS NOT RELIANT UPON CAPESIZE RATES.

First, have a look at their fleet. Let it be noted, they bought another Handy last quarter, brining their total to 5. So they own 2 Capes, 4 Supras and 5 Handys.

Got it?

Now let’s look at rates.

Pray tell me, have supramax and handysize rates gone down with the rout in capes, or instead have they gone HIGHER?

Thank you.

I believe this company will be vindicated on earnings date, scheduled for 11/7.

Based upon current rates, POST 60% drop in capesize rates (one must surmise they are close to bottoming), BALT is making about $115,000 per day or $10.6 million per quarter, still sporting quarter over quarter growth of 40%+, hardly a reason to sell a stock that is fully financed–sporting the youngest fleet on the market.