Those stupid fuckers in Egypt are fucking up my mojo here. They need to get there asses over to the desert to build more tourist destinations, aka pyramids. While the pyramids at Giza are nothing more than child play, compared to the unbelievable at Puma Punku, they are still defying the will of Ra, as well as VP Biden, by protesting. Having said that, I am not a stupid man. As a matter of fact, my brain can store more information that your laptop.

I sold out of my largest positions, TEX and PH, due to the ongoing developments in the middle east. It is my belief that news like this, of the surprise sex variety, can cause a domino effect, raping stocks merrily along the way. But, I am loving EXK here. As an aside, I sold out of OPEN and C too.

Once all of these idiot nations fall to the sword of Ra’s enemies, gold and silver will soar, as it is a safe haven currency. Look no further than the dollar soaring today, alongside oil/gold/silver.

I upped my cash position to 30% and will up it some more, should this market continue to melt down.

Howsoever, I have a keen interest in twisting my blade into the short sellers of BORN. With 30% cash on the sidelines, I will make sure they enjoy no respite.

Good day to you.

I bought 20,000 EXK.

I bought 5,000 BORN, low $14’s

Disclaimer: Making jelly sandwiches while buying silver, ova here.

GDP came in at 3.2%, just below consensus. Remember, the market is NOT going up based upon robust global growth. It’s going up based upon the Fed’s monopoly money. Bernanke is dropping cocaine all over the exchange and you fuckers are sniffing it all up. We should be down today. But, there is a strong likelihood we will trade up. If you are short, this sort of tape is frustrating, as you can sense the pressure building. The news isn’t bringing stocks down, so what will?

Nothing.

Any consolidation serves as a powder keg for future gains.

I got blind sided today, long ROVI into a downgrade. KLAC posted strong earnings, which should buoy the entire chip sector. The cloud sector is bouncing today, thanks to strong earnings from RVBD. And, precious metal stocks are BOING, despite Jakegin hating on them. I must admit, Jake is a curious chap. As you know, I like EXK/AGQ.

Top picks: BORN (Chinese whiskey into Chinese New Years, hello!), PH

UPDATE: I sold out of my TEX position.

UPDATE II: I sold out of ROVI

UPDATE III: Sold out of AGQ

The new big thing around the internet is raiding the shares of Chinese based stocks. It’s all the rage, really. From Citron to Muddy Waters to Zerohedge to all of the little ancillary sites in between; people are bottom barreling these stocks, declaring them to be “the next Enron.” All of them use Seeking Alpha as a convenient little conduit, as the fuckers from SA have Yahoo finance access and a strong google search presence.

In general, short sellers do a great service for the market, unveiling fraud and acting as shareholder police, well sort of. Naturally, like all vocations, manipulation and outright criminality taint the pool from time to time, especially when big money is involved. It is my belief that the people who taint the pool of a just and worthy cause are 10x worse than the criminals they are purporting to admonish. They are equal to crooked cops who serial kill on the side or firemen who commit arson.

Enter Mr. Little

Mr. Little is the author and whiz behind Citron Research, a website dedicated to unveiling fraud in the market place, a worthy endeavor indeed. Back in the old days, they were called Stock Lemon. Much to his chagrin, I know a lot of people who made a fortune betting against him, long IOC, seeing the stock trade up 7x in the past 3 years–as Citron panned it every 10 points up. These guys have a history of moving stocks wildly, with their long, drawn out, professional looking, reports.

Enter BORN

On 11/15, Citron, with the help from the homo-hammers from Seeking Alpha, posted an article, ripping into BORN, titled:

How China Borun Has Exaggerated Its Financial Performance

Ooh, catchy, right? The gist of the article is that he (Mr. Little) has seen BORN’s SAT docs, filed in China, courtesy of the “Geo Guys,” referencing some bullshit message board type forum website. He asserts: “ Shandong Borun’s revenues, income tax and net income for 2008 and 2009 are significantly understated in its filings with the SAT.” Unfortunately, he does not let anyone actually see the documents. Conveniently, they are “not his,” but belong to the “Geo Guys.” Right away, this raised an eyebrow with me and I started to accumulate the stock, from the low to mid 12’s.

Keep in mind, when he posted this garbage, the shares were trading @ $14.42. Within two trading days, the story helped shed more than 23% of BORN’s market cap.

Enter a Little Liar

With more than 20% of BORN‘s shares sold short,  post RINO debacle, short sellers have a keen interest in where this story is going, so they post in the Seeking Alpha comments section, like small trolls in a knoll made from jelly rolls (no idea what that meant, bear with me). Remember, the whole basis around the Citron report, aside from his amateur opinion with regards to the production of whiskey, was the fact that the company was hiding debt, as indicated in the Chinese SAT docs. Also, remember, at the end of his article, he disclosed “no position” and further affirmed his position of NOT BEING short, inside of the SA comments section.

None of this means BORN is legit and the stock is off to the races, mind you, despite my long position. All I am saying is, these guys are full of shit and should be taken to task over it.

If I might be so bold, here is a series of screen shots, chronicling this egregious story, with all of its grotesque beguiling.

Mr. Little’s disclosure: “no position”

Mr. Little reaffirming “no position”

Conjecture, regarding SAT/SAIC docs. You can hear about them, but you cannot see them, for they belong to the “Geo Guys.” Also, he throws in some more conjecture about one of his “experts” who talked to BORN’s plant managers, which further proves his thesis, with regards to the production of whiskey. It’s laughable, really.

Fast forward, post BORN‘s stock decline of 23%, to today. Mr. Little covered his short in the $10-12 range, despite his earlier disclosures of “no position.” Furthermore, he is no longer interested in “fighting with management.” He has moved on, sort of.

Oh, by the way, the SAT and SAIC docs DO MATCH the SEC docs. But, it must be fake, since China is all full of liars and thieves, no?

The “Geo Guys” confirm they now match. “lol”

Fucking idiots.

On one hand, there are intelligent short sellers, like Chanos, Hendry and Einhorn etc. On the other, you have “Geo Guy’s” with a little help from the Little’s, delivered by the hapless fuckers at Seeking Alpha. What these people are doing is feeding off American distrust of all things Chinese. Ask any American about Chinese stocks or products and they ridicule them. It’s easy to allege fraud, but hard to prove. I would be hard pressed to believe they did not trade ahead of this report, thereby profiting from a false facts (hello SEC). What must stop is the conjecture. I cannot stand stock promoters and I absolutely loathe people who raid stocks, with the help of false reports. Like I said before, I am not a cheerleader for the company. I own shares and feel they go higher, especially into earnings (2/15). But, at the very minimum, I think Mr. Little owes his readers and apology an should post a correction, now that new “facts” have arisen, vindicating the company of hiding massive amounts of egregious, insurmountable debt.

The Truth?

Today’s chop-fest, coupled with MSFT’s early earnings leak can be summarized with this vid. See you dick-suckers tomorrow.

Get ready burlap’d bearshitters: this market is about to melt you down to a cinder, into the bell. I suggest sitting there, in your bullshit chair made from pleather, drinking profusely, swallowing ice cubes whole.

The wondrous part of this tape is that it is ignoring the decapitation  of the gold bugs and the crazy cloud guys, and chugging ahead. Like a runaway train, powered with plutonium, nothing can stop this momentum now. Times are good for the have’s, which is all that matters when it comes to the stock market. People need to put their money somewhere, so it’s going into equities. Your stubbornness has landed your head inside of a vice.

Enjoy the squeeze (lemons).

Top picks: ROVI, KEG, BORN

So I fucking found something I liked, buzz off.

I bought 2,000 ROVI, personal account.

UPDATED: I added to my PH position.

UPDATED II: I went in again, buying 30,000 KEG

With more than 20% of my holdings in cash and an itchy trigger finger, I am biding my time, trying to suppress my desires to add to positions here. The market looked fantastic, oh, about 1 hour ago. But now it looks much harder. The dollar reversed higher and commodities are getting hit. For optimal entry points, I suggest waiting for the commodity sell off to apex, then nibble. Buying right now is equal to knife catching.

Don’t get me wrong, knife catching can be tonnes of fun. But it’s bloody.

At the top of my buy list is MTL and FNSR, two different sectors, both cheap on fundies. Additionally, I am eyeballing ALV and KEG.

The important part about this market, or any market for that matter, is that it’s not going anywhere. Sometimes I do not look for any stocks. I don’t feel like it. Other times, I work like a dog for one stupid stock to rifle off buckshots in my face. If you don’t feel like trading, don’t. Often times it’s the rushed trades that come back to bite you in the face.

Raising a little more cash, I trimmed back my TEX positions and sold out of CRUS.

If something comes up, I will nibble. If not, I will likely wait until tomorrow to start a new position.

I booked profits in CRUS.

No more conjecture or talk, with regards to the direction of this market. We are simply going higher, regardless if you like it or not. Your feelings should never enter the equation, just the size of your balls. The fact that you are not long indicates to me that you are, indeud, a pussy, undeserving of coin.

Japan caught an S&P downgrade to the face and no one cares.The dollar is trading down and that’s all that matters, until it doesn’t.

Within my positions, I am making a great deal of my money, long CRUS, OPEN and AMKR, all ancillary, but very important positions of mine. For the most part, all of my positions constitute at least 5% of my overall holdings. Like O’Bama said, we do shit BIG here in the US, even bigger in this shit hole called NYC.

Using my crystal ball, I see much higher stock prices in store for my AGQ, EXK and BORN positions.

Position accordingly.