The Short Sellers Are At Dunkirk

Never count on the short sellers to do anything worthy. They were wrong going into the new year and now they are being stuffed into cannons and shot into walls made from pig shit. Everything they stand for, frankly, is pessimistic garbage. It’s because of them that so many investors become disillusioned and stray away from their core thesis. Many people profess to ignore CNBC, based upon the idea that they are irresponsible perma-bull journalists–which is mostly true. Nevertheless, come to think about it, ninety percent of the internet “journalists” are permanently hating. They hate on other bloggers, the world and most definitely stocks.

It’s almost as if these men are trying to fill a void by being right about something so wrong. Article after article, we read of stories that are bound to destroy western finance, bullet points for the next depression. These are sick people, who during another era would’ve been locked up in mental institutions, eating apple sauce and lettuce for dinner.

Towards the end of the day, I purchased NAV, for a trade.

Look, the market can be very unforgiving and sometimes it doesn’t seem worth the anguish. But if you’re not starting your own business, or sitting on a bunch of patents–suing the shit out of productive people– this is the only avenue for people to get rich. A middle class person has no other way to get rich. He must do it wisely and aggressively, betting on his disciplines and tools to get him there. Invest in your infrastructure and it will yield results. I promise you that.

So think about that the next time you wishcast for the market to dive to the 2009 lows.

http://www.youtube.com/watch?v=Z7919jk9wFU

Yesterday solar stocks shot through the fucking roof. Today it’s the shippers turn. Piece of shit companies like DRYS, GNK and EGLE are parabolic, leading me to believe we are truly near the top end of the trading range. Nevertheless, this speculative fervor can last awhile, or not. Either way, it’s worth exploring other piece of shit companies, in order to asses their trading capabilities.

Have a look. <—that link is exclusive for The PPT members only.

Here are a few ideas, with sectors.

Wireless:  IQNT, LEAP

Trucks: NAV

Footwear: DECK

Steel: MTL, AKS

Semis: LSCC, MRVL, CY, AMD

Restaurants: ARCO

Oil and Gas: KEG, SPN, PBR, UPL, CNQ, CHK, FST

Games: ROVI, EA

Miners: TC, TRQ, BTU, ANR, JRCC

Education: ESI, DV, CECO

Beverages: CEDC

Deportment Stores: JCP, EXPR

If I was in the market to play one of these, I’d go long right away, putting a strict line in the sand of -3% below cost basis. These are potential momentum plays, based upon overselling towards the end of 2012 from people who locked in losses. Those same people, providing they like their stocks, might be allocating assets into 2012’s biggest losers shortly.

As you slumber about in your studio apartments, scrounging about for a piece of toast and coffee, you should consider selling out of some of your early winners, if only to demonstrate a bit of constraint here. It’s true, I am still reeling from 2012, a disappointment of shameful proportions. It’s going to take awhile before I am able to invest with the sort of graceful carelessness that I once exhibited in these halls. The first step to recover my “swag”, as some of your fellow housing tenement friends might say, is to win a few trades.

Gold and silver are misbehaving, same with bonds. There has been a flight to risk in early 2013, but it won’t last.

I will likely raise cash to 35% today.

This can be considered “The iBankCoin Hall of Fame,” ranked by traffic statistics.

Note: the first position is the front page.

The moment I saw this,
I shrieked with agony. I was confounded how a man who makes a living playing it safe, with regular positions of both equal longs versus shorts could put himself out there, in an exhibition of extreme zealotry,  announcing a net +5 long position. It was something that not only shocked, but appalled me. That’s like being long 12 Microsofts, while only short just 7 DELLs. Frankly speaking, it was a bit too much to bear, a burden too heavy for even “The Fly” to carry.

To think that I had just purchased the most retarded stock in over 2 centuries of commerce (SNE) on the same day that such a conservative man of means and #timestamp took on such enormous risk was so troubling for me that I went home to drink a shandy, maybe two.

In other news, Japan is sharply to the upside this evening and gold and silver are attending the homosexual opera. I hope you all sleep well and make great efforts to reduce your equity exposure first thing tomorrow morning.

I know I will be there selling.

They are retarded in their own rights.

As an industry, solar is now up 12% for the day, likely due to some government mandate to affix solar panels to all fire trucks.

Conversely, silver is down about 3% as an industry on false rumors and propaganda that the Fed might end QE infinity sometime 2013. If people would think for a moment and realize it’s virtually impossible for the unemployment rate to fall below 6.5%, they’d hold onto their gold/silver stocks.

EXK is a buy down here and SPWR is a sell.

I stepped in and bought a retarded company named Sony. Back in the 1970’s and 1980’s they made cool electronics. Now they make shit that no one likes, partly thanks to the patent infringers over at AAPL. Nonetheless, I try to comport myself as a gentlemen at all times, even when I am cussing like a savage animal. Therefore, I’ve purchased shares of SNE, not for sentimental purposes, but for gratuitous profit.

A sinking Yen raises all Japanese boats. It’s only a matter of time before the Yen sinks again and when it does SAMURAI HORATIO will be there to profit.

VHC is moving up. Rest assured, the 100 share bandits will be at it again near the close. There are few things that I desire in this world, mostly due to being grateful for what I already have. But, I’d love for the short sellers of VHC to die–all of them. I’d like them to contract odd forms of incurable cancer, but die quickly instead of slow. I’d prefer that they be run over by trains, planes and automobiles, even if that meant that I’d have to endure traffic jams and flight delays.

Clearly, the cabal of short sellers have gotten to me. Its made me a bit paranoid and psychotic. But don’t let that dissuade you from investing in such a fine company. By the end of the day, when it’s decidedly lower, I will rant about how much I’d like the CEO and its managers to be fed to carnivorous elephants; but you must ignore my impertinence. “The Fly” knows his place and it is above you.

JRCC is trading up and I am advancing by another 0.6% today.

I bought SNE.

Disclaimer: If you buy SNE because of this post, the black plague will reassert itself in your town. And, you may lose money.

Early rumblings suggest there will be a new crisis by March, as the republicanus and dummocratis prepare for ‘Battle Retard.’ Also, most economists are predicting very weak economic growth for 2013, ranging from 0.00 to 1.5%. Scott Bleier has been saying ‘We Are Japan’ for years. I reckon he is correct.

Speaking of Japan, the yen is stronger today, so Japanese stocks are on sale. I am a buyer of HMC on dips and will continue to do so until the stock hits my price target of $45.

If the market is serious about going higher, it will not give back too much today. We’re more likely to see a moderate pullback, then another leg higher. That being said, don’t think this market isn’t capable of being truly idiotic–whipsawing novice investors into bankruptcy filings.

For now, however, we must remain bullish until price action says otherwise.

Top pick: JRCC

There is a group of people purposely manipulating the share price of VHC lower, using an already illiquid stock as a piggy bank by sending it lower with a flurry of 100 share orders. Regularly, I don’t make a big deal about stock manipulation because it’s part of the game. But this is too much to ignore and feel like exposing some people.

Should you know the names of the people who are doing this, feel free to email me at Flybroker at gmail.com or leave a comment.

Ultimately, they’re going to lose in grotesque fashion. In the meantime, I intend to find out who is doing it and make life difficult for them.