Minimal Losses, Maximum Vigor

Thanks to the miraculous late day recovery of YELP, coupled with today’s moonshot of CPST, my losses were negligible. I sold out of 60% of my stocks when the market was up. In a way, today was a win, even though I lost.

The summer is around the corner and “The Fly” is hellbent on stepping up his game. I found a home worth renovating and my focus is now fixed on stocks. No distractions, nothing but me and the screen.

The CEO of CPST will be on Fast Money today. I suggest you watch that fucker spin his yarn. He is very persuasive. I am sure his presence will only help the cause for CPST longs. All in all, today was okay–only because of the late day surge. Other than that, AAPL is in sell mode and stocks are fucking suspect until Europe just tells everyone to “shut the fuck up, we’re gonna print new euros until we’re blue in the face!!!” (note 3 exclamation marks)

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

Well, the stock Gods do not favour me at the moment. Everything I’ve done over the past month has resulted in one giant circle jerk. I ended up break even to flat on some of my larger positions, like TDC and BID, but down slightly on the others, like GLW and MAS. At the present, I am holding this piece of shit YELP and cockstar CPST and a newly minted WNR position. I have about a dozen stocks on my “to buy list”, but will exercise patience before buying. Sometimes it’s important to know when you suck dick, in order to start fresh, clear the cobwebs from your brains.

As for me, I’ve concluded the waters are poisoned by Spanish fuckers, drunk off sangria, living off the tits of others. This new version of “fuck you, you’re dead” is very troubling to me. I don’t like the idea that the entire financial system can melt down at any moment, without the explicit help of central banks. Think about that one for a minute.

It’s nice to live in fantasy land, as long as the fucking fantasy exists. When the facade is removed and we are able to see the ugly bitch that is the financial condition of all western nations, on the verge of insolvency, we will not like it. As a matter of fact, we will not like it one bit.

Until that day comes, stocks like CRM, CTXS, and a host of others, should continue to do well. I like RAX, TEA, IPGP and even CTRP down here. I am tempted to buy a fuckload of stocks , so that I may attempt to retake lost coin. But experience tells me I need to shut the fuck up and take a day or two to get my head straight.

http://www.youtube.com/watch?v=2ThJ-kqPiCo

I am now 50% cash, liquidating everything but WNR (I bought it earlier today), YELP and CPST. I did this to regain control of my destiny. I felt the blend of equities were not working, as evidenced by the lackluster performance. So, instead of sticking with them, agonizing over every tick, I opted to clean slate. It’s good for the mind and the soul.

With the proceeds I intend to reinvest, methodically, on my terms, in names that are better suited for this tape.

MS, BAC, EBAY, VMW and FFIV are doing well post earnings. Actually, as a whole, about 80% of companies are beating expectations. Nonetheless, this game isn’t about earnings, unfortunately.

When I woke up this morning S&P futures were +9 and Europe was up more than 1%. By the time I sat down to eat, things reversed, spearheaded by the drunkards in Spain, completely voiding the rally that had sustained while I slept. This is terribly chagrining, especially since the root of the problem isn’t going away.

When LTRO was launched, markets rejoiced because Greece and the European banks had been saved. But now the bond wolves are clamoring for Spanish and Italian blood. I’m afraid they will not stop until they get it. Now the end result will likely be the same: more bailouts, more liquidity. However, before we get to that, we need to deal with now.

Spanish yields and CDS are creeping higher and their fucking stock market is shit. It’s only a matter of time before this becomes a major topic of discussion, just in time for the cocksucking month of May.

Yes, it’s true, I was buying MLNX sub $20 and was praising them before Ellison bought in. It’s also true that I sold out, like a pussy, before the run. There is a conundrum when dealing with the complexities of macro market timing: you miss out on good ideas due to fear. Well, the only way to deal with that is to accept volatility and potential downside in favor of dollar cost averaging. The only way to effectively conduct such a strategy is to possess ample cash reserves, especially before the market declines–something I lack.

In short, the game has changed and the hunters have become the hunted. But it’s important to remember, good ideas are always worth their salt. A delicate balance must be adhered to in order to participate in the upside, while trying to avoid the murderholes of the market.

Remember what I said: the best time to buy a winner is anytime.

http://www.youtube.com/watch?v=-MzrAGZHDvo

I just got back from a day of visiting sub par residencies, chagrined to see the market shit the bed again. I know my stream of consciousness resembles one of a psychopath, scattered over a wide array of emotions and idea. But let me be clear about how I feel right now: the market is weazened, likely to trade lower. I need to reduce my exposure to avoid potential downside that is likely to be material.

There’s a good chance the market will trade up tomorrow and I will forget about this post. One way or another, cash needs to be raised because this shit is making me nervous.

As you know, today is “Fly appreciation day” on iBC. To commemorate “suchness” I will be out all day looking for places to live, things of that nature.

Later on tonight, I will devour a 2 1/2 inch thick rib eye, lightly peppered, heavily salted, washed down with a 2005 Bordeaux.

Futures are lower; but I don’t have time to think about that shit right now. Fucking dumbass stupid stocks.

You know by now that my favourite thing in the world is to rip the scalps off of shorts, clad in Indian Chief garb. What you don’t know is that I intend to take action almost immediately.

To further my violence upon the American people, I will sell one or two “non-core” stocks in order to weigh into a few stocks that are teetering on the brink of magnificence. Remember, “The Fly” is the Ajax of this blogging/finance game, comfortably prepared to empty the hot hot contents of his mug into your face.

Here is my list of potential squeezes, courtesy of this PPT screen (sorry, members only player), placed before you for the explicit purposes of banking coin.

FSLR

APKT

TEA

DMND

OSTK

LL

DDD

I’ll have more to choose from as time and price progresses. Generally speaking, I am looking for stocks with more than 15% of shares sold short, ranked “buy” by The PPT technically, with a volume score of 3 or higher (also ranked by PPT).

If  I don’t make something big happen now my year is in jeopardy of  falling victim to the mediocrity mob, sequestered away from greatness. It’s bad enough I barely made 5% last year. The clock is ticking and the world is watching. “The Fly” will not disappoint.

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

Lots of bitching and complaining today, due to the low volume nature of this “fuck your face up” (no jigglypuff) rally. You can lose money on big volume or small; the result is always the same. Embrace the robot nature of the market and offer a special “fuck you” to all of those floor traders out of work.

Truth be told, I didn’t press the market the way I should have today, thanks to YELP sitting out the melt. But that’s okay ‘cuz I still made 2.1%, elevated by TDC, CPST, MAS, BID, GLW, CLR, RS and JWN. If you missed out on today’s rally, don’t worry, there’s a lot more coming. I was worried about the tape because of Europe. But while they’re throwing fistfuls of cocaine into the fan, I have nothing to fear.

After the bell, all eyes are on INTC.

The AAPL has been dislodged from the markets throat, allowing stocks to fucking rip tits higher. Many of you are stuck in FAZmobiles, in flames, heading uncontrollably for ravines. I am only grateful for not selling, holding my positions during the darkest of hours. But now things are different, aren’t they? You’ve been dispatched, Sir. Bernanke has imprisoned you, tightly restricted inside of his clam.

All of the short squeezes I mentioned are blowtorching higher. Now you can try to fight this all you want, professing the grave dangers of Europe and a weak US jobs market. But at the end of the day, you get hot tea tossed into your fucking face, coked out horses kicking you in the fucking chest, hit by printing presses while you’re sleeping, killed over and over again.

Does anyone else find it reprehensible, aside from me, that Congress is suing Roger Clemens for a second time for perjury, regarding steroids? These fucking lunatics have nothing else to do than fuck around with professional athletes, yet how many bankersters are still on the loose enjoying life? If convicted, Clemens faces 30 FUCKING YEARS IN PRISON. Also, did you know there is a bill in Congress that will restrict travel for anyone who owes the IRS money? Say hello to the full fledged, in your face, version of authoritarianism in America.

Futures are sharply higher despite weaker than expected housing data. But no one gives a shit about housing. We’re fixed on iPhones versus Androids, while laughing at the Canadians for the Blackberry.

Truth be told, I didn’t expect the market to climb today. But the Spanish bond auction went better than expected and Euro-trash shares responded favourably. It appears FSLR is laying off 2,000 of 7,000 workers. What a mind numbing decline from grace for the buttfuckers at FSLR.

Lastly, CPST caught another sizable oil and gas contract. Don’t look now, but CPST now gets about 60% of its revenue from the oil and gas industry. This is a turn around story; but none of the anal workers on Wall Street are paying heed.

Well pay heed fuckers. I will gladly accept the extra coin allotted to me this morning.

http://www.youtube.com/watch?v=5S-TK-AMQgc