Fly Buys: $NDRM, $PACD

I sold half of my FMSA position and added to both NDRM and PACD.

Every single time, without failure, the market tricks bears into believing “this is it”, lures them into a barn, and then burns it down to the ground. Even though these cycles are as predictable as the day is long, many of you dedicated short sellers miss the move and end up on the receiving end of gravity hammers.

How stupid are you anyway?

How can this happen over and over again and you do nothing about it?

Frankly, I am sick and tired of making fun of you. Even worse is the guy sitting in 90% cash, waiting for a confirmation of the breakout. Seriously, do you people actually believe those people have the slightest clues what they are doing? If you’re always in a 90% cash position, well then, that means absolutely nothing at all. You are simply watching the market for the rest of us, afraid to make mistakes.

Why are you afraid to make mistakes? I don’t know. Maybe you have something to lose.

“The Fly” isn’t afraid of making mistakes and will punch your mandibles straight off your insect faces. Nothing is gonna stop me, especially you.

In light of the epic melt up in February, I’d like to remind you of the sick, twisted, nature this market has embodied for over a year. Do not be surprised if we sold off for a day or two, before heading higher. This is course is meaningless shit for people with any semblance of dignity– those who don’t mind the store every second of every hour.

But for the rest of you, cocaine addled trading monkeys, you might want to buy a utility and pray for the apocalypse.

As you know, there are many utes to choose from, but only one worth your time and effort at this juncture in time.

My utility of choice is PCG. It’s a mega-cap cash generating, dividend paying machina (heavy italian accent).

This is a Friday and we are scared of Greece. Plus, anything could happen over the weekend. By Scott, the very fabric of civilization might crumble and turn our human flesh into ash. As always, prepare for the worst, the crematory, and expect nothing more or less than unadulterated bliss–for we are members of a society that doesn’t understand boundaries. We are making them as we go, embedded in the never ending struggle of greatness.

I realize some of you actually make a living off intra-day trades, an occupation I do not relish in the least. But for the rest of you, quit watching the screen all day. Go outside and play with the squirrels, avoid myopia and take in some natural light.

Sandwiches are in order on days like this.

The volume is low, volatility is non-existant, nothing is popping. What would the Macho Man Randy Savage say if trying to trade this market? He’d fucking break the computer over someone’s head, then head outside to chop down a tree.

We are firmly in an uptrend and will likely continue this trajectory until late April.

Chill the fuck out and start positioning yourself for success, and quit thinking about failing.

Top picks: AAL, JBLU, YNDX

Take it from me, a virile man with nearly two decades of industry experience: QUIT BUYING PIECE OF SHIT STOCKS AND PIECE OF SHIT INDUSTRIES.

Let me explain.

There are times when buying the blood makes sense, especially when there are bad market conditions. Then there are times when buying bad stocks and bad sectors is simply a waste of time, just like my experience in VALE.

Believe it or not, I am not referring to oil, since oil has been trending higher for a month now. I am talking about trying to pick off lows in commodities, like gold, silver and natural gas. These are broken commodities and aren’t in the matrix of where money flow is going. You’ll either frustrate yourselves in dead trades or get lucky. One way or another, if you’re following any disciplines at all, you’d be wise to avoid playing these ridiculous commodities.

We are in a world filled with innovation, free cash flow coming out of ears, and you’re wasting time/money trying to catch knives in ancient sectors?

What stocks are good now?

For crying out loud take a look at 20 out of 35 of my long term holdings ripping higher today.

I sold out of OXY for a $3 gain, despite oil firming up today. As you readily know by now, I started a position in JBLU, bulking up on airliners, which also contains an AAL position. My largest oil positions are SLCA and PACD, both of which I intend to hold for high prices. I am not beholden to oil and see no reason to play asshole parlor games at a time when other sectors offer steady returns without having to enter Dante’s seventh ring of hell.

For example, I started a position in MD today. There is a stock that simply glides higher. It doesn’t hurry itself or run about the sewer pipe ever other day. It merely comports itself the way a gentleman stock should, with grace and certainty.

On the other hand, my hamburger stock, HABT, which has been nothing less than a vulgar excuse for speculation since its IPO, is beginning to exhibit signs of life. This is likely due to the fact that several peers have reported positive results and people are beginning to understand how badly MCD sucks.

Thusly, I am up 0.5% for the day, hoping to extend my god given rights to MOAR by the end of the day.

I sold VALE for a 3% loss and started a new position in JBLU.

Seeing the price of crude down this morning reminds me to not overweight oil stocks. It’s important to have some exposure, due to the potential upside and beta that oil stocks represent down here. However, these are broken names, divorced from the ceremony of man, 100% fucked.

Remember that there are other sectors out there. You can delve into services, industrials, tech, utilities, consumer discretionary and staples. Don’t be a jackass; own a cross section of the economy and trade around it.

Once you come to the realization that taking your entire net worth and swing trading it is completely idiotic, you will build a portfolio and trade around it with swing trade ideas–like me. You cannot persist in this business by swinging around your account from 0% to 100% cash inside of a few trading days and expect to keep your sanity.

Futures are flat this morning. I still love airlines most, following by hamburger stocks. I hope you are paying attention to the erection commercials on CNBC and consider popping some of those bad boys through today’s trading session.

Last year was my sole down year in over a decade. This emboldened my enemies to infinity and beyond (Toy Story). During 2015, I intend to reassert my dominance over the financial blogosphere and wreak havoc upon those of you attempting to compete with iBankCoin. Quit now and save yourselves the aimless palaver of what will end up being ‘fruitless negotiations’ and head back to whence you came–from nothing.

Most of you out there are ordinary loungers, or black hearted criminals, wholly intent on hoodwinking persons about the digital alleyways to offer reverence to your sound financial planning. You are nothing more than a strumpet, a coxcomb, galavanting in a minefield built for men. It won’t take long to rip apart your legs and arms, leaving you with nothing more than a flabby and neglected torso to wait out your days until you die by moronic design.

“The Fly” wishes to spare you of this indignity and will gladly purchase your clown-trap web domain for exactly zero dollars.

You’ll never amount to anything much in this business of risk because you don’t take any. Even the dumbest creatures on the internet understand that to idle oneself at a time of rapid expansion and opportunity equates to dousing oneself with a bottle of petrol and tossing oneself into a lit fireplace.

“The Fly” prides himself of championing the plights of the disenfranchised, bedraggled microbe, and then cordially directing them to annihilate themselves for lack of proper comportment.

Balls aside, if you’re going to compete with me, do so like a gentleman and quit behaving like a scorned woman, desperate and pathetic bitch, absent of the very basic standards that enabled this great nation to rise up from the ashes of Earl Grey tea and asshole/vagabond royal subservience. In other words, go get your balls.

https://www.youtube.com/watch?v=xrhMUXtnUeo

The last time the NASDAQ hit 5,000 was March of 2000, a time of pure hedonism, stupidity and wonder. I was a wee lad, brand new in the business, making money hand over fist. I knew it all and could not be told what to do, for I had cracked the timeless code of the markets and knew how to print money on a daily basis.

I’d go to work, a 20 something punk from Brooklyn, and leverage out my accounts, spend a few hours on the Bloomberg terminal and then print money. None of my family or friends knew how much money I was making; for if I told them, they’d likely attempt to mug me.

It was the best of times until actual centaurs appeared on the NYSE and kicked in the faces of everyone who was buying dot coms, effectively ending the rally, plunging Wall St and the economy into the pits of hell. It took the tragic events of 9/11 to drag us out of the morass we were in, the very worst market in the world.

Well, here we are, 15 years later, encroaching on NASDAQ 5,000 again. This time around we are a little bit smarter, uglier, and experienced. Unlike in 2000, this market isn’t built on fantasy. Corporations are banking immense coin and innovation is just as profound, if not more, than in 2000.

If we were to top out again at 5,000, that would be pure comedy. “The Fly” doesn’t believe in comedy; ergo, we will continue to break necks until the market Gods decide we’ve had enough.

Hugh Hendry, take it away!
https://www.youtube.com/watch?v=o7pVjl4Rrtc