Looking For Upside Surprises

I’m reluctant to give out any strong opinions this morning. On paper, there is no reason to sell stocks, unless you fear a Romney Presidency. It’s true, earnings have been coming in a little light. But when was the last time this market cared about that? Once the earnings season is over, this market will trade in a convoy again–all up or down based upon macro-themes.

Italian and Spanish yields are ridiculously low and there is renewed demand for their paper. The crisis has been blunted and there’s nothing you or your stupid friends can do about it.

Tech is very oversold. If I was putting money to work this morning, I’d buy tech. As I write this, I’m +0.6% for the day. Following Friday’s -3% drubbing, today’s gains are merely a trifling.

My philosophy with stocks, for lack of a better term, has been religious. Faithfully, I believe that stocks will trade up, all the time, even when they’re supposed to go down–not so much different from your faith in “Le Fly” winning on a continuous and frequent basis. In a sense, that makes me a “perma-bull.” However, I’m naturally a pessimist, always favouring the dark mug steeped with black smoke instead of the glass of sunshine. It allows me the latitude to never be disappointed. Life is nothing but upside surprises for Senor Tropicana.

I need a few right now.

http://www.youtube.com/watch?v=tiLkmMueK0Y

As Romney extends his lead over Obama to landslide territory, one must ponder “is this a good thing for stocks?” Aside from the fact that Obama is Stalin reincarnate, sans all of the messy bloodshed, he does come with a strong financial henchman: Benjamin “The Fucking Bearded Clam” Bernanke.

We all know how Romney feels about Ben. He’s gonna fire the man on day one and implement some responsible/boring plan to right America’s financial ship. PFFFFFFFFFF, please. We all want the cocaine version of the economy, not some balanced budget shit.

Plainly, Romney is going to get rid of the Cocaine Gorillas and his running mate will implement ‘dark ages’ type of austerity. Be careful for what you ask for, good Sir, for you might receive it sooner than you thought.

Romney comes with cool shit too, such as ZERO cap gains taxes, lower taxes for the rich etc. Perhaps it all evens out in the end?

Maybe not, for this man (see below) will be out of a job by Valentine’s Day.

What’s Ben worth, 1,000, 2,000, 3,000 dow points?

It was the best of times. It was the worst of times. At the end of the week, the market did nothing, having absconded an early rally in exchange for drama. We’re all so panicked now, wondering what this bewildering market has in store for us next week.

We are reminded to #timestamp our trades and offset all gains with losses and losses with gains. One must always obey the specter of risk, as a market calamity is always right around the corner.

Keep in mind, good folks from the internets, the Portuguese used to be the currency reserve 600 years ago. Therefore, don’t be surprised if America entered an era of crisis by the year 2612.

Life used to be good– but now it’s bad.

For the day, I shed a staggering 3% because that’s what I do. I risk money to make money. There’s a reason why I bang on African drums most of the time, while you enjoy seltzer water on the weekends. Life is to be lived; and the market is to be played. Today I lost. But tomorrow, I shall win.

Please be sure to check out my market summery inside of The PPT and ChessNWine’s Weekly Strategy Session. It should make for excellent fireside chatting.

On the anniversary of the 1987 crash, the market crashes? Come on with this fucking horseshit. When was the last time the market fell by more than 200? It just had to drop today, out of all days, as a way to fuck with people.

I’m getting lit up, seven figure losses, down more than 3% for the day, led by everything. Miraculously, coal and the homies are holding their ground– but it doesn’t matter.

The sick, perverted, stock Gods have decided to play a prank on us by pulling the strings out from the marionette, leaving us without a captain to direct the ship. Consequently, it’s down, down, down for the market and the fucktards, such as myself, who are long.

Gone are the days of yesterday when mocking the bears for being “stupid fucking retards” was fashionable. Today the bears are celebrating, decked out in their finest burlap’d costumes, dining on the livers of overzealous longs.

VIX is spiking and so is TLT. It’s a classic “risk off” day, which if history is of any use will be short lived.

Fuck the crash of 1987. I remember that day as if it was yesterday, running around my stupid apartment, dodging cockroaches. I was 11 years old in 1987, an avid investor in all things to do with baseball cards and the occasional football variety.

Some of you are well aware of the caution flags exhibited inside of The PPT yesterday and the day prior. I take get pride when saying “I am in possession of a time machine, gentlemen. Would you like to go for a ride?”

We’re coming off an OVERBOUGHT condition, flagged two days. My position is one of supreme elegance, spitting in the faces of those who are short VHC. My FFIV position is higher too; but everything else in my chambers is lower, decidedly so. Current cash position, following yesterday’s sales, stands at 15%. My best guess, based upon the non-negotiable laws of mathematics of the sublime nature, is for the market to head lower over the next 5-7 days, as prophesied inside of the halls of The PPT.

10/17/12

10/18/12

As of now, I have zero exposure to the other black gold, aka coal. It’s not that I don’t love coal or possess amorous thoughts regarding the wonderful state of West Virginia. It’s just that, frankly, mining for money in coal is tiresome. I need me a break, unwind a bit, enjoy the scenery.

Don’t worry, should coal drop a bit, I’ll be right back in the mine with the rest of you.

Futures are lower; but I stand to make some of my fucking money back in FFIV today, off the RVBD numbers.

My top picks are MCP, VHC, FFIV and APKT.

As you were.

The market is fixed on the idiocy that is GOOG. However, “The Fly” and his cohorts have been quietly buying very large blocks of stock in VHC, MCP and TC. There’s no need to beat around the bushes and tell you half truths. The simple fact here is I stand to make a great deal of money in VHC. My edge is much sharper than yours.

All of you fucktards are selling short VHC based upon a hope and prayer. You have no idea how their lawsuit is going to be viewed. I bet you haven’t peered into the brief cases of the plaintiff–like The Devil. Similar to the countless graves that were filled with the bodies of wrong-headed biotech shorts into FDA decapitation, you too will find yourselves to be in dire straights on the opposing end of VHC.

Moving on, I’m hearing supply constraints, due to legal matters, will continue to limit the supply of rare earths. Also, whispers of Chinese hoarding and/or re-accleration of growth, most readily measured by the increase in met coal plays, might help the shares of MCP and TC in the short term.

I cleaned house today, selling DDD, JIVE and CLF. With the proceeds, I bought in large into MCP, TC and VHC. Don’t forget, I have a rather dramatic sized position in DECK, FFIV and APKT too.

“The Fly” is a simple man, only interested in receiving the very minimum treasure to live out his life in modest luxury and sterling volubility.

I’ve had it with these cute technology companies. The energy conservers over at GOOG just shit the shower, with an impromptu earnings catastrophe, which inadvertently was released without top hat. For the love of bankrupt social media venture capitalists, these companies need to be reigned the fuck in. All of these internet companies are run by children. They’re small fools who play with billions of dollars, generally fucking up their investors along the way.

Granted, GOOG has been a long term winner, despite missing EPS by $1.62 with a “Pearl Harbor” style mid-day attack. But how many other asshat corporations have ruined people? Let’s run down the list: ZNGA, GRPN, FB, LOCK, JIVE, OPEN, BCOV, P, NFLX, AWAY, SFLY, ANGI. I could go on.

The new wave of technology is UN-INVESTABLE. Wait until the companies fire their founders and allow adults to manage them.

In case you were wondering, yes, GOOG is receiving an emergency Asshat of the Quarter award. Congrats.

I bought size in both MCP and VHC, courtesy of The Devil.

UPDATE: I bought TC

I sold out of CLF, JIVE and DDD, winning in CLF, losing in JIVE and breaking even in DDD. With those sales, I am now 50% cash, looking to redeploy assets specific to my bias.