Watching Without Blinking

Silver is getting clubbed around today, causing EXK to tank. I am very tempted to add to my position; but I made a promise to myself to stay away until it was -10% from my basis. These fucking silver miners are lunatic stocks, swinging around like naked gorillas on jungle vines. The art of buying and selling EXK is something I’ve perfected over the years, having successfully traded it more than a dozen times. I can tell you, emphatically, now is not the the moment to buy. We had a chance to run yesterday; but it was squandered.

Still, my best guess says this stock trades higher by Thursday of next week. On a dip into the $7’s, I’ll buy some more.

Facebook is the name of the game today. The stock is magnetically attracted to its ipo price of $38 and will get there, by hook or crook, or my name isn’t HORATIO CLAWHAMMER. Based upon the untenable laws of mathematics and science, dare I say, YELP is worth north of $30 based upon current FB valuations. Give it some time; it will get there.

Some of you like the Samsung Galaxy phone because you are shallow, materialistic, soul-less bastards. To be frank, I have no respect for people who switch from iPhone to Galaxy. What happened to your iTunes library? Did you actually buy an iPhone and never bother to build a catalog of music and movies? You people are traitors. To leave the Apple ecosystem (there is nothing better, why leave?) means you are without character, only interested in new, shiny toys, most likely to cheat on your wife/husband, backstab your friends too.

Having said that, the human species is riddled with people of your ilk, low-brow people, narcissists who partake in unchecked hedonism. Because of that fact, shares of NXPI and RFMD might do well; due to the fact that both companies make about $3 per Galaxy phone sold (parts makers you dumb fucks). I own NXPI and would like to own RFMD too, but not today.

If anything, I might add to my airline stock, ALK. It’s a win-win. All of those oil field workers in Alaska will need to fly back to the mainland to find work because oil is going to zero. When oil goes to zero, airlines will be the new software, boasting 95% margins.

Back to crafting documents for war.

UPDATE: I sold out of HDGE, bought more ALK and YELP

As a country, we have no sense of self-worth. The same can be said about every single market in the world, especially the Chinese. For a country that is supposed to be on the verge of super-power status, supplanting us as supreme economic power, the fucking Chinese markets suck dick. Perhaps the amateurs and interns at SeekingAlpha can educate us on this situation through scathing articles, to be featured on Yahoo finance.

Truth be told, I literally wish both Yahoo finance and SeekingAlpha nothing but the very worst. Both of those stupid websites represent everything that is wrong with the internet: the old, weak and irrelevant. There is a reason why Yahoo’s stock is in the shitter and their former subsidiary, Alibaba, shits on them in a very public manner. Yahoo is a fat, disgusting organization, built from sloth.

The Federal Reserve’s “twist” is not enough to buoy stocks prices. It is a sterile program that adds zero dollars to the money supply. I cannot figure out why Bernanke would do such a thing, unless he knows something we don’t. For example: maybe Ben knows Europe is going to crumble, like blue cheese, and is saving his ‘big guns’ for a later date? If the EU breaks up, this market is going to need all the QE it can get its filthy hands on: qe3,4,5,6,7,8,9 and 10.

With futures flat and Europe weak, I am not enthused to buy equities today. Should EXK drop 10% from current prices, I will double down. Other than that, I am waiting for momentum to take hold of this tape and give me direction.

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

Financial advice is permanently barred on my blog. For those of you interested in sharing your largess pool of investor knowledge, I invite you to pen a few bloggeries at our Blogger Network aka ‘slave camp.’ It’s also worth mentioning, the board of directors at iBC will be firing aka ‘curating’ some of you fuckheads, who continuously soil the good name of iBankCoin through poorly written/thought out blogs of shit.

A lot of the stuff being posted is pure, 100%, uncut, shit. When you blog at iBC, you represent me. When you represent me, you better get your fucking syntax and grammar game right! Damn it. Split infinitives are permissible, but to an extent. I will not tolerate poorly written HORSESHIT on iBC anymore. I’d rather gouge my own fucking eyes out with chopsticks than have to cringe while reading sub-par work on my own fucking site.

The annual iBC dinner has been arranged this evening for a meeting in early August. The locale, time and purpose of such an event is NONE OF YOUR CONCERN, so don’t bother to ask.

Remember, members of the Blogger-Fucking-Network: I am watching you with steam bellowing from my head.

The market got fucked today; but I closed flat. I know you trollops like to see me suffer. But “The Fly” nailed this market and now there’s nothing for you to do but pay homage, fuck off, and shoot yourselves in the faces with howitzers.

I’m not buying this close, because it’s being built for suckers. Should we reflate tomorrow, I am certain EXK will surge higher. But the europeans aren’t doing anything. For the love of moving 150 boxes of personal items into a truck, they don’t even buy their own bonds. There is NOTHING redeeming about this tape. Therefore, as it stands now, I have no interest in buying dips.

I can make this very simple for you new-jacks: stay away from equities when TLT is going higher. There is a scarcity of dollars, as evidenced by the price action in TLT and UUP. Until the Fed takes an interest in reflation, trade gingerly (no homo).

http://www.youtube.com/watch?v=SL7snw3M3tM

Talk about misdirection. Corn is up 5% today, buoying shares of ag stocks like CF and POT. On the other side of the paradigm, oil is getting crrrrushed, leaving the spirits of longs broken, into small pieces, fucked entirely in their depleted brokerage accounts. The oil men from Texas are glad to sell out now, since oil is on its way, the fuck, lower. Inside of the deflationary vortex, oil isn’t worth shit. As a matter of fact, judging by the shares of prominent drillers, like PDC and KEG, oil is going to zero.

But people need to eat; therefore, corn is going, the fuck, higher.

Excuse me?

It’s not the simple. I don’t buy it.

Generally speaking, Jim “bow tie” Rogers has been wrong for more than a decade. Also, for the record, Le Fly will NOT be purchasing farm land any time soon. Fuck that shit.

Pay attention to what I am about to tell you: the market is going to bounce soon. But market participants are so jaded, the rally will be sold. I bought EXK because I am prepared to double down at lower prices. Plus, silver and gold are running, rather impressively, into the teeth of disaster.

“The Fly” is made from sturdier things, from face to foot. I will have an opportunity to buy the blood soon; because that’s what I was built to do.

A great man once said “The blood I drop is more medicinal than dangerous.”

http://www.youtube.com/watch?v=9pZ5kJqSVYs

[youtube:http://www.youtube.com/watch?v=KeNGQwkM23Y 603 500]

One of my favorite plays is to get long precious metals into the teeth of a sell off, then flip it when reflation hits. Well, The PPT was flagging OS on EXK this morning, so I stepped in. Also, it’s worth noting, ZSL was flagged OB on Friday, one of my favorite signals in the historical algorithms.

Overbought stats for ZSL

This mornings sales of AAPL, NUAN and AVGO, put my cash levels over 50%. With 5% of my assets short via HDGE and YELP cutting dicks off, I’m punching your faces in with my goblet. Everything is bleak again, spearheaded by the soccer idiots in Europe. However, please know this: the sell off will be temporary because it’s too extreme. Large sell offs will always be met with rumors of help or policy that will fuck short sellers. The way this movie ends is predictable: spear through the face of the guy who went all in short.

The algorithms inside The PPT are quite busy this morning. I have a great interest in playing OVERSOLD bounces; but they’re always so damn scary.

TLT is melting higher and everything but YELP and VHC is lower. My advice is to grab a bag of popcorn and chill the fuck out. This is about to get real interesting, real soon.

For now, I am sidelined.

http://www.youtube.com/watch?v=Ca_E75b0jeM&feature=related

Fuck this shit. I have absolutely ZERO reasons to be long right now, aside from applying pain to childish short sellers. Truth be told, I did my work; now I’m gone. Time to hedge up, in earnest, and wait for a real oversold signal from The PPT.

Bet against me, lose your house, wife and kids.

UPDATE: I sold out of NUAN, AVGO and AAPL this morning.

http://www.youtube.com/watch?v=zCPfs2s52iA

Nothing interests me anymore. I do not want to partake in pinless hand grenade hot potato, nor am I intrigued about end of world scenarios of profit. It is time to unwind, moonlight a bit, and let the retards race each other inside of their wheeled chairs.

About 16% of you are dumb enough to warrant being institutionalized. Another 16% deserve to work at a think-tank, in order to concoct idiotic policy–an interesting paradigm indeud. The rest of you are simply blinking in between sips of beer. You cannot do it by yourself. The TD Ameritrade guy is fucking lying to you.

I have two interests in this market now, subject to the strictest of conditions. One is to liquidate more of my holdings, the other is the acquisition of gold, silver and oil. As I said, there are conditions attached to buying into commodities, starting with the overall trend of the market. This trade is going to be very, very simple.

Should we trend higher, despite the bad news, I will allocate funds to the market. If we resume the fucked up trend that was dominant during the awesome days of May, I will add to HDGE and raise more cash.

Rest assured, I will not be giving back my gains this time around, unless YELP falls victim to a horrendous selling spree, which as you know is scientifically impossible.

The summer is here. Trade light and pick your battles very carefully.