The Stock Gods Favour Me

I will have you know, the stocks Gods make sure that I am protected at all times. For example: today’s a bad day for many of my positions, but they’ve managed to turn FTK, GS and SHLD green (some of my largest holdings), effectively stymieing my losses to nil. For the record, FTK was last years disaster. Year to date, it’s up more than 20%.

Let me be the first to tell you, in the utmost of baritone tones: IF THIS IS ALL THE BEARS GOT, WE WILL SLAY THEM, and more!

Going into the “closing hours,” I suspect a little hand wrangling out of the bear camp, shimmying their spastic asses into custom made murderholes. I fucking warned you about those.

Nonetheless, with my money, I am sitting tight, with 27% cash. Should the market firm up into the last hour of trade, I will deploy all of my cash, AND MORE.

That’s because it is bad. With TLT and FXY sprinting higher, “The Fly” is in no rush to allocate all of his money into stocks. It’s not that I won’t do it: I just won’t do it right now.

On the bright side, natural gas is going higher. Does that mean anything to you? Anyone? No?

Ah, the market is getting lit up. I suspect it will get a little worse, before it gets better. So, like they say in France, when things get dicey: “I am getting the fuck out of here and going for a walk.”

More on this later.

UPDATE: On my way out, like a rat nibbling on a piece of sweet corn, I bought 5,000 CIEN @ $13.33.

Chinese GDP came in at 11%. I do not get excited about Chinese GDP trickery, since it is a planned economy. Eventually, those fuckers are going to pay for their great many sins, by way of dust bowl affliction, sweeping across their lands. However, for now, the facade is intact. If people think china is dumb enough to plan under an 11% growth model, then we got lots of steel to sell them.

I am a huge believer in poetic justice and the stars aligning at certain points in time to fuck people when they least expect it. We are not due for a sell off yet. Trust me, for I speak to the stock Gods and own a fucking space rocket.

The market will get ape raped, just prior to the debut of Wall Street 2. The stock Gods, as well as the shadows near my favorite urinal, tell me that shit. Might I add, my IQ is higher than yours, by at least 30 points.

Should we trade down tomorrow, I will deploy all of my cash towards longs, if only for a short while. Nevertheless, I am that convinced we have more upside left in this bitch.

Quit being so fucking dramatic. Most of you people make me sick to the bottom of my stomach. If given the chance, I’d vomit on all of you, exorcist style.

There is nothing to make out of today. Quit getting all Sir Francis Bacon on me and fuck off. The market will do EXACTLY what I want it to, specifically for the purposes of supporting my unbridled spending habits. If you don’t believe me, come spend a night out on the town with me and Mrs. Fly.

For the day, I was up again, pushing my YTD gains upwards of 45%.

Top picks: NVDA, CIEN

I bought 30,000 NVDA @ $11.02.

Disclaimer: I am cooler than you.

The market drops by a staggering 0.6% and all of the bears, dressed in their finest burlap tuxedos, come out to declare victory. Let me explain something to you, my good Sir.

THE MARKET IS SUPPOSED TO TRADE LOWER, after big increases. On the other hand, it is supposed to trade higher, after big sell offs. That’s what makes a market. The quickest way for you to lose all of your coin, AND MORE, is to react to the data on an intra-day basis. You’re blowing things out of proportion and making mountains out of molehills.

Since I believe we have more upside, rich with cash, I HOPE WE TRADE LOWER, so that I can buy some quality names cheaper. To be specific, a sell off today is exactly what we need, in order to cool things off a bit. The PPT closed at 2.99 yesterday. A small sell off today will put the score in the 2.50-2.75 range, well below the ominous OVERBOUGHT range of 3.10+. In other words, be careful about stepping into those fucking murderholes, but take advantage of price fluctuations when you think the market has it wrong.

In short, I will likely add to my longs in the last half hour of trading.

Based on the ADCT buyout, coupled with record iPhone 4 sales, I really like the networkers here. Look at ADTN, powering higher after good earnings. Who is their largest customer, you ponder?

At&t.

Who else makes coin off At&t, you ponder, yet again?

CRNT, TKLC, CIEN.

I am going to keep it simple for you country folk out there. “The Fly” is into 4g plays again and there is nothing you or your stupid friends can do about it.

Details forthcoming.

UPDATE: I bought 2,000 CRNT @ 48.12

The market is being quite classic this morning, acting all tepid and shit after a monster beat by INTC. Just when everyone got caught leaning one way, all bullish and shit, the market pauses and mind fucks everyone. Well, let me be the first to tell you, once again, there is still upside left in this move.

Now, I’m not talking about going vertical, after the move we just had. As a matter of fact, there is a distinct possibility that the market will trade lower in the short term, effectively luring a whole new set of asshats into the proverbial “bear vice,” in order to be properly squeezed at a later date. According to the laws of mathematics, dictated by The PPT, there is still upside in this move.

Nevertheless, because of the fucked up nature of this world, coupled with the fact that just about everything is a lie, I’ve taken steps to assure my assets are thoroughly protected, by way of large cash horde. Typically, I will keep a 10% cash position, just to give myself a bit of leeway with regards to actionable trading opportunities. But now, I am keeping 30%+ on a regular basis, so that I might deploy it into a VXX vehicle for proper and thorough hedging of my entire portfolio. Essentially, I do not trust anything;therefore, I need to keep insane amounts of cash on hand to protect my gains.

By the way, former iBC blogger, John Lee, launched his new website yesterday:ChartsGoneWild. In addition, he launched a premium service (finally), which is sure to be a great value to subscribers. When it comes to picking stocks, via charts, no one does it better than John.

As for this tape: we are mixed between robust tech and weak CRE/banks. Let me break it down for you in a mathematical formula:

Strong Tech+(weak CRE+weak Tech)/fear= Go Eat a Fucking Sandwich.

Top picks: NVDA, CIEN

After a long journey, “The Fly” is back in the saddle, sipping on a fine red, as the Mrs. dutifully unpacks the luggage.

For the remainder of the night, I will be preparing for tomorrow’s trading session.

[youtube:http://www.youtube.com/watch?v=VIwLWNEZtbc 616 500]