Commodity Surge

Gold and silver went absolutely nuts to the upside today, with double digit gains in a number of stocks. Steel went higher, as did refiners. We are at a point where investors are simply piling into these names, based upon the idea that the dollar is a worthless piece of shit. Do not fall into the trap, thinking the dollar is about to collapse. I like commodities. However, I am cautious about chasing tigers. If you don’t catch that fucker by the tail, he will bite your stupid head off.

I sold out of my airlines, fearing there will be no let up in the rise in jet fuel. I like the idea of being long DAL and LCC. However, I needed to exercise some risk management here and book small losses, before they get big.

Into any dip, I like WNR. That’s all I have for you now.

Okay, am I moving slow enough for you? I have been building my position in WNR with the utmost transparency, just to show you what Plutonium Petey is all about. I even revealed the amount of leverage (255%) applied to my personal account to show you what conviction is all about. What did you do?

Nothing. Some of you nibbled; but most of you watched.

Crack spreads are up another 4.5% now, nearing $26. Oil is trading down, while gasoline is up. Do you have any idea how bullish that is for refiners, particularly WNR? I told you we’d sit down, over a nice glass of brandy, once WNR touched $20, in order to discuss strategy going forward. Due to the rapid appreciation of WNR, it now constitutes 40% of my holdings.

As for the rest of my positions, they are doing well. My accounts are now up around 2% for the day, pushing my gains to 15%. However, my personal/aggressive account is up much more, now nearing +40% year to date. I realize this means nothing to you and only conjures up negative emotions, such as jealously, disbelief or anger; but I don’t give a fuck. I’m eating potato chips right now and I can’t hear a word you are saying, so fuck off.

I wish the goat fuckers at NASDAQ would have taken CSCO down several notches, back in 2000, when its market cap was north of $500 billion. I am a big fan of reducing AAPL‘s weighting in the NASDAQ, down to 12% from 20%, because it’s the rational thing to do. As you all know, “The Fly” is a man of reason, democracy and certitude. It shouldn’t surprise you that I support rational decisions, so fuck off.

At any rate, it’s for the greater good and you will just have to deal with the short term volatility, as the dickless “peggers” sell AAPL and buy MSFT. Let the retards figure it out, while we smoke Cuban cigars and ballroom dance over small glasses of sherry.

China raised rates, which means commodity related stocks might take a hit. It’s a knee-jerk thing, often short lived. It’s worth mentioning, crack spreads are up again this morning.

The bottom line: the TI for NSM deal is very bullish for the supply/demand dynamics of this market. Take into account that those idiot chicom stocks are getting taken out back and shot, I reckon investors need a place to put their hot money. Despite what you may believe, the market internals are still robust and the dips should be purchased, until the moon explodes.

Come one, come all. Watch Senor Tropicana aka “Plutonium Petey” aka HORATIO CLAWHAMMER aka “The Fly” perform great feats of magic and amazement. Watch him, live, as he turns a small sum of money into a “fuck load” of cash, right before your very eyes. The Great Spectacular of 2011 is upon you and there is nothing you or your stupid friends can do about it.

Backed by insane fundamentals, refiners gained ground again today, led by share advances in WNR, TSO and HOC. Let me tell you why people are short WNR: they are idiots. It’s the same reason why 25% of the shares of FTK were sold short @1. For the most part, money managers are just like you: weak and never in control. The difference between me and the others, Le Fly knows his shit and is guided by the stock Gods for the explicit purposes of creating wealth, on a grande scale.

As always, it’s not important that you agree with me, for you will have no choice but to respect my overcasting shadow. There will come a day, long from now, when you realize the type of mastery taking place on this here bullshit website. Everything posted here is done intentionally, down to the retarded music. It’s mathematical harmony being performed for all to bear witness. Compared to the shit slingers from other websites, you are in the company of living legends and do not even know it.

In closing, I gained another 1% today, pressing my gains to new highs. More impressively, my personal/aggressive account is now up north of 33%, full leveraged, not giving a fuck about anything but the margin rate.

Just make sure this snooze-fest doesn’t transform into some sort of fucked up noose-fest. For the most part, I am up today, thanks to my outsized WNR. However, most of my stocks are down, reversing lower after opening green. I fucking hate that.

Breadth is negative, with just 49% of stocks inside of The PPT green.

I don’t have a sense of urgency to do anything just yet. It’s early April and equities are supposed to trade up. Should we trade down for a few days, so be it.

In the interim, I will continue to accumulate refiners, as their prospects have never looked brighter. Did you know that WNR stands to make more $$ per barrel, in 2011-2012, than all domestic refiners? So, tell me, small pleb, WHY THE FUCK IS IT THE MOST HEAVILY SHORTED?

Answer: to be continued.

It’s time to eat 2 1/2 inch thick rib eyes, heavily salted, lightly peppered. It’s time to drink some single malt scotch, neat. For the love of God and small nuclear devices, it’s time to bank coin.

News doesn’t matter, especially when peace activists are deploying AC-130 gunships to kill and maim for humanitarian purposes. The world as you knew it, as a kid, is over. Welcome to the new world, one where FOXCONN murders people to manufacture the cheapest iPAD device, so that AAPL‘s share price can soar even higher. Welcome to the world of high oil prices, higher gasoline prices and ridiculous as the mustache on your girlfriends face corn prices, dominating the investment memes of billionaire cocaine addicts.

Essentially, the little guy is fucked. So, it is your jobby, as a tax evading citizen of this 3rd rate nation, sans military machine, to avoid being “the little guy.” Take whatever resources that you have available to you and multiply it many times over, investing in the stock market. It’s so easy, even a fireman could do it.

With my money, I love the oil story. For the month of April, historically, oil and gas stocks do very well.

Let me keep it simple for you. I am long OXY, WFT, WNR and VLO in great size. To go with that, I am long DAL, LCC, MWW, FORM, X etc. There are many stocks on my watchlist, like food safety play NEOG (think Japan) or oil sands equipment play WG. However, for now, considering the run we’ve had, I am sticking with my holdings and will be taking profits whenever my pet alligator snaps at my shoes.

There is no better swing trading service out there, bar none. I put my reputation on the line with both Chess and Rc, both top shelf traders who know how to trade and teach.

Fuck basketball. I am interested to see who is going to win the annual iBC March Madness contest.

As you can see, “The Fly” won the 1st annual contest, in order to set the tone. He has been letting you retards win ever since. However, this year’s contest is especially meaningful since it started with 256 participants. And, I am also gifting $1,000 to the winner.

This rally is really fizzing out here, with just 62% of stocks in The PPT universe up. It’s also worth noting, we are, once again, at extreme overbought conditions. However, don’t let that get you down. There is plenty of shit that can go higher in a weak market, like oil and refiners. Hell, for my personal account, I sold out of DAL and added to my WNR. I wanted to make it longer. Going into merger Monday, it’s always a smart idea to be long acquisition targets, like WNR.

At any rate, it’s not the end of the world if we totally wash out here. Life is good. Go eat some snails and wash it down with some sparkling wine.

It’s Friday. Quit micro-managing your fucking 4 figure accounts.

Top picks: WNR, WFT, MWW, OXY

NOTE: The March Madness contest is boiling down to “The Final Four.” Remember, the winner will receive $1,000 from me, no strings attached.

I’ve been busy counting all of my money. As you could imagine, it took my awhile. I wasn’t fucking around when I said “I am going to show you something spectacular.”

Full disclosure: I sold half of my WNR, only in my personal account, yesterday. I sold some in order to finance other purchases, namely MWW and WFT. As of now, I am saddled with a mere 75,000 shares, fully leveraged, riding my car made from dynamite into the sun.