And the Biggest Loser IS…

Tech.

One after another, tech stocks are being dismantled like those bastards were selling coal from atop solar panels. The carnage in ADTN today is just the tip of the iceberg. According to my tech index inside of The PPT, tech stocks are now at 6 month lows. No other sector is suffering this much. The oddity of this decline, frankly, is the pristine nature of the balance sheets in the industry. Yet, fucktards are trading out of these stocks as if this was the dot com bubble again.

To put it bluntly, part of the reason why I sold out of YELP was due to the overall distressed nature of the tech space. Look at GRPN, ZNGA and P, for the love of God, their dicks have been sliced off–clean. The cynic in me thinks this sort of trading action portends a horrendous press release. But the reality is much more simplistic and carnal: short sellers have small heads and even smaller brains. They’re just shorting, blindly, because they all want the fame of nailing a bubble.

Fortune has never been important to short sellers. They are sociopaths, megalomaniacs, only interested in sitting at lobster dinners (stuffed with bologna) with fucked-faced people, like The Great Roubini and Hugh Hendry. They are sick, perverted, people, deserving of permanent imprisonment.

In short, with tech being swallowed whole like this (no RW Pelican), I prefer to buy that blood than fuck around with asshole commodity stocks, who are subject to all sorts of homosexual, and “worldly”, events.

I bought about 10,000 shares of LNN towards the end of the session. I intend to buy more, hopefully lower, based upon the resolve of mother nature to fuck the farmer. His disaster is my boon. Brace yourself for a most horrendous corn yield, pitting Americans against each other in armed combat for sustenance.

Although I am exceedingly optimistic about the prospects of a bounce in the near term, I have very little desire to bet big, especially due to personal circumstances, as I am in the process of moving to a new manour.

In case you didn’t know, the global growth story is 100% dead. US growth is spiraling lower. We need more QE. Without it, I’m afraid, this market is heading significantly lower.

In the meantime, I will play it light and easy, using algorithms and short term trades to guide my hand.

http://www.youtube.com/watch?v=JfhsRIDh1RQ

I started a new position in LNN.

As I enter the second half of the year, I am +21% and have a 50% cash position. I drew a line in the sand with JCP at -10% and sold out of my position this morning. Frankly, I am not “Mars Attacks” Ackman and I truly hate their stores.

I was doing some research last night and liked what I heard with a little company named SYPR. However, I just don’t feel like gambling on another small cap. My experience with YELP, although profitable, removed the appetite for risk in small caps, thanks to the overwhelming fuckery I had to endure. Truth be told, I was 100% wrong about the prospects of the “Social Media” space in the short term. But as the Gods would have it, I ended up +25% on my YELP holdings—a miracle indeud. Think about it.

The only sector I like here is agriculture, from MOS to BG to MON to POT, I like it all. The fucking farmers are having fits with their corn crops and “The Fly” stands to benefit from their misery. Effective immediately, I hereby declare your farm my own. Any and all profits derived from such a place shall be transferred into my purse (no homo).

Here’s the important thing to remember when being “half out” of the market, like me: there will be opportunities. You may not see them today; but it’s important that you don’t force trades for the sake of doing it. The winning trade will come and when it does, you will have lots of money to throw at it.

Come on Ben, just one more piece of crack rock for the road. I can’t survive without that rock. I need that shit. A good friend of mine will likely suck your dick for a little piece. Don’t let us market players out here suffer, when you have lots of supply in your trap-house.

I promise, on a stack of King James bibles, I will hire 1 1/2 people if you just give me one more taste. I swear, after this taste, I will work real hard and forget about crack rock.

You don’t understand, the market simply isn’t worth trading without that SHIT. Folks like “Mars Attacks” Ackman are getting cremated in JCP and I happen to be long for the ride. Did you see David Einhorn today? He has gone mad, twitching like a mental patient on the teevee, coming fresh off a poker binge. FOR THE LOVE OF GOD, oh please Mr. Ben, won’t you help out the millionaires on Wall Street with a little more QE. We have families and estates to maintain. Plus, my lovely wife wouldn’t like it very much if her supply of money was stifled. You wouldn’t stifle my wife’s $20k per month allowance, would you Mr. Ben?

Thanks in advance,

A fan and a friend

Wall Street

My old man stocks are doing great: KMB, CHD and PEP. Everything else is in super-dive mode. Risk appetite is nil; but don’t let one bad day shake you out of everything. I am scrapping my earlier idea of starting a new position today, which, by the way, was PCS. I am getting fucking hammered in a number of my holdings. If it wasn’t for my 40% cash position, today would have been a death knell day with EXK, YELP (now all but sold out), JCP, CPST, MOS and RBCN hitting the bricks.

Thank god I sold out of CMI the other day. It is imperative that you cut losses quickly, especially in names that are sensitive to global “de-growth.”

All of the data coming through the pipe is pointing to global recession. If we were to price that in, without a doubt, the market would trade down to 10,000 and below. However, thanks to the Federal Reserve and their fucking printing presses, stocks have a bid. Make no mistake, without that bid, we are in fucking trouble.

In short, I am getting punched in the nuts, but only 60% as bad as the guy fully invested.

I have a huge cash position and now find myself fishing for ideas. There are a few names that have my interest, one of which looks really good. I might pull the trigger, as it is my belief this market has an upward bias.

DMND looks great; but EXK and RBCN look like shit.

JCP has rebounded from this mornings lows and MOS sold off hard.

My intra-day losses stand at around 1.25%, putting me to about +22.5% for the year. The goal is to preserve these gains by cutting losses quickly and taking moderate sized positions, in order to avoid another YELP situation. My average sale price on YELP was above $25, since I sold half above $27 last week. Ultimately, I believe the stock will trade north of $40; but I have little appetite for risk now and would rather gnaw off my own arm and eat it, than ride this fucker back down into the teens.

Stay tuned for a new buy.

I sold the majority of my YELP position today, leaving a token to remain.

Earnings are not for another month. Therefore, I have no interest in riding the social roller coaster back down. Looking at stocks like ZNGA, P and GRPN makes me feel grateful for having an opportunity to close this trade out profitably.

I will revisit.

Full disclosure: I have no idea what this market is doing right now. Sovereign yields are lower, alongside the euro. European markets are up; but we just gave back a monster open. None of the inverse ETFs are doing anything, yet select stocks are being smashed. The TLT is lower, lending to my confusion.

On the other hand, I see strength in stocks like MTW and TEX and wonder, what the fuck is going on? Perhaps it’s just “one of those weird days”. The problem I have with enduring “weird days” is often times they morph into fucking routs. People are holding onto shares now, in the face of a big reversal. But if the indices start to go down in earnest, I suspect things will get ugly and fast.

I am sure about one thing: I am not adding to anything right now. My cash position is about 30% and I am leaving it there until there is clarity.

The sooner some of you bastards stop fighting me, the faster you will begin learning what you need to be taught.
-Professor BEAS, 1896

The market is up and running, but there is weakness in a number of my stocks, namely YELP and JCP. Yesterday,The PPT flagged OVERSOLD for SPY and TNA, with near flawless results, giving me the confidence to hold– into what seemed to be a helpless tape. Nevertheless, I am down this morning because we are in a stock pickers markets, and at this time, my stocks happen to suck balls.

The solution is to catapult the losers out of my city walls. Gone.

This is not a time to be stubborn, waiting for stocks to pan out. The heavy lifting was already done; I’ll be damned if I let some asshole stocks derail me from greatness.

For the remainder of the summer, expect Senor Tropicana to position into what’s working, short squeezes and hot sectors, less idealism and thesis trades.