Long the Spendthrift

Despite selling out of my small Guess?, Inc. [[GES]] position, I am optimistic about the consumer.

From my personal observations, people are spending themselves stupid again. Shop clerks are bragging about sales again and women are whipping out their plastic cards, from their over priced Coach, Inc. [[COH]] bags, faster than the CNBC crew does lines of blow.

Just today, I took a position in thinly traded Jarden Corporation [[JAH]] . They sell all sorts of crap, from camp equipment to blenders. They are, essentially, levered off of the success/failures of retail stores, like Sears Holdings Corporation [[SHLD]] , with great vigor.

Do not misconstrue my passion for the American idiot; my position is a mere 10,000 shares—going into earnings on the 28th. However, in my sick/twisted head, people are rich as hell, smoking pipes and devouring beluga caviar, as if it was cereal.

Bottom line: At the moment, many of my tech positions are stale, not doing a damn thing. I have built up a cash position, just north of 20%, and I am bored. So, to remedy, I am taking out a few floater positions, while keeping my eye on my current heap of “waste o’time,” so that I may sell them into strength. In other words, I am reshuffling the deck a bit.

DEVELOPING….

I bought 2,000 Equinix, Inc. [[EQIX]] @ $96.90.

Disclaimer: If you buy EQIX because of this post, real zombies will attack you this Halloween. And, you may lose money.

I want to lose money. It’s true, I enjoy having my back up against the wall, cornered like a rat, so that I may claw your eyes out with the sharp edge of my Monster Energy soda can.

For some strange reason, this website is hosting new readers. I thought I told you bastards: don’t come here, especially if you are above the age of 47.5. Frankly, unlike others, I do not want readers; they make me sick. Most of you just prance around, thinking you are God’s gift to the world, when in fact you are just a “reader.”

Quit putting my trades under a microscope; quit having a boring life. I told you, my time frame is looonger than yours, just like my anatomy. I will see this market up and down, without flinching, without making a trade, while you blow your little e-trade account up into pieces.

Young man, I play in a big sand box, where the stakes are larger.

With my money, on this dip, I will allocate the rest of my cash to my proposed “Foreign Thesis.” For folks on The PPT, here is my watchlist.

After viewing the pathetic results of TriQuint Semiconductor [[TQNT]] , it dawned on me: this country has little to offer, as far as growth is concerned. Granted, there are a plethora of niche plays, all worth buying—particularly in the tech space. However, if you look abroad, it’s like U.S. 1960 all over again, with regards to growth rates.

Equinix, Inc. [[EQIX]] blew away numbers. I mean, they were absolutely incredible. However, they agreed to acquire Switch & Data Facilities Company, Inc. [[SDXC]] (another Fly 4g index member) , which in turn is putting pressure on the shares this morning. Without a doubt, sometime soon, EQIX will roll past $100.

Finally, keep your eye on crude, [[USO]] . Should crude firm up, this market is going higher.

UPDATE: I sold out of Guess?, Inc. [[GES]] , $39.05

I see the future and there are a lot of stupid people in it.

Most of you will turn on “The Fly” at the first sign of imperfection. I don’t have to be paranoid to know, you are all out to get me. Sure, I’ve had a good run and the pantry is full of high grade caviar (just kidding. It’s in the fridge)—while you sit there in a stupid Halloween banana costume. I’ve made good coin in this market and will sacrifice aka “donate” some of my winnings to the stock Gods, in order to keep my head right.

If I told you once, I told you a thousand times: “The Fly” will not accept your apologies through the email mechanism. Your barbarism does not go unnoticed.

Just today, at the first sign of market weakness, I was accosted by two hecklers, on my very own BLOG, who were exclaiming the virtues of independent thinking. Much to their chagrin, they were quickly discounted by the “internet cognoscenti” as mere “fringe,” and were hastily tossed into an empty flaming barrel of garbage.

Over the years, I’ve given a lot to the internet clown aka “reader,” while asking for very little in return. The story is always the same, just placed in a different time and with an assortment of moronic characters. I will save you time, Mr. Future Heckler of iBankCoin:

THE FLY WINS ALL THE TIME, EVEN WHEN IT APPEARS HE IS LOSING BADLY.

I do not play games on this here internet, for life is not a game. Many bloggers out there do not take life seriously. This is true; go ask them. As a result, they are shining my iBC standard. My winship, while seemingly unbelievable, is the closest thing to a guarantee, since the great War Bond issuance of WW2.

Big reversal ensuing, led by stupid stocks.

Crooked men, wearing burlap hoodies and velcro shoes, crawl out of their ancient homes, like zombies, to eat the brains of those who like stocks. “SHAME ON YOU,” yell the Tea Party protester, while selling short [[SPY]] with great vigor.

We have a reversal gentleman and the bears are eating your faces.

“This is it. This is the big one. We shall have a Red October, after all,” they chant from the dark alleyway, sewer pipe scene.

Back on Wall Street, men with jumping jacks in their pockets and lots of caffeine running through their veins laugh, all the while the world crumbles beneath their Bruno Maglis. Truth be told, today’s sell off of 0.9%, while discomforting, is exactly what “The Fly” predicted. None of that matters now, since the planet is tagged with a economic time bomb, not seen since the late super-fun days of the Tulip craze.

Nevertheless, as the carnage commences, I will sit here, chuckling at the birds, while counting my money. I have been selling into strength so that I can buy on dips. Essentially, the market is doing what it should do, drop like a stone—Pearl Harbor style—to the chagrin of the retail nerd.

Good Day

Everyone loves a good funeral, no? The dollar, as you know it, is about to get its lights punched out, for good. The daily dips of 0.5% will soon be replaced with 2-3% drops, all thanks and praise to the Federal Reserve and Executive branch for such gifts of fiat.

To hedge your wallet, once again, you should be long basic material stocks. Names like BHP Billiton Limited (ADR) [[BHP]] , [[VALE]] , Southwestern Energy Company [[SWN]] , Arena Resources, Inc. [[ARD]] , Suncor Energy Inc. (USA) [[SU]] , POSCO (ADR) [[PKX]] , Allegheny Technologies Incorporated [[ATI]] etc, can be bought in size. Howsoever, when I say “size,” I do not mean right away. Only idiots buy everything at once. Measure your buys over a period of time. There is no rush to own anything. The likelihood of you hitting a homerun is far less than you striking out.

With commodities running higher, it’s only a matter of time before the shippers respond in kind. Names like Genco Shipping & Trading Limited [[GNK]] , TBS International Limited [[TBSI]] , DryShips Inc. [[DRYS]] and Diana Shipping Inc. [[DSX]] can be owned as well.

Truth be told, I am not buying anything. Into this rally, I will lighten up, in order to build my cash position back up to 25%. Selling is a process too, by the way.

In short, as long as the dollar [[UUP]] is weak, equities are free to run with the wind. If you are short stocks, you are in for a very arduous Halloween.

Top picks: Equinix, Inc. [[EQIX]] , Sociedad Quimica y Minera (ADR) [[SQM]] and Guess?, Inc. [[GES]]

Okay, this is an internet intervention. I am watching many of you make mistakes, here and on The PPT. Typically, I allow others to make mistakes because it builds character in a man, not so sure what it does for a woman. At any rate, you need to listen to me, ever so quietly.

STOP BUYING PENNY STOCKS YOU FREAKIN’ IDIOTS!!!!

I know, with Flotek Industries, Inc. [[FTK]] being a living stain on my pristine recourd [sic], I have no right to lecture you, the internet idiot, for buying penny stocks. However, I do have the right—AND MORE—because I am much smarter than you.

See, Flotek Industries, Inc. [[FTK]] represents less than 10% of my total assets. All of my other investments are mid to large cap, for the most part, with marked exception to quick in and out trades. The market is no longer valuing the small crappers. Instead, investors have moved on to bigger and better names. Do a quick search and you will see; big cap is where it’s at. The market is all about cycles. You really need to pay attention, else get singed.

Which is why, in my infinite wisdom, I have taken it upon myself to start playing the $100 roll stocks, for psychological reasons of course. I do not need science or concrete statistical data to support my investments. I have experience.

Investing is an art form and Senor Tropicana is the Picasso of this game.

In closing, stop being a piker. Man up and buy some high priced stocks. You will make your Dad proud.

In other news, I like the “pin-action” in the semis today, thanks to blowout numbers from SanDisk Corporation [[SNDK]] . Going into Lam Research Corporation [[LRCX]] , Novellus Systems, Inc. [[NVLS]] and Applied Materials, Inc. [[AMAT]] numbers, I might buy Advanced Energy Industries, Inc. [[AEIS]] and MKS Instruments, Inc. [[MKSI]] , lcd subsystem plays, both levered to the cap ex budgets of the aforementioned names.

New $100 roll candidates, providing the market continues to savage the bears. My fav is Equinix, Inc. [[EQIX]] . (hybrid daily change, hybrid score, price)

You baby morons are delusional in that you feel it is your right to waste the time of others. You really need to learn your place in life and how much, of other people’s time, you are permitted to waste.

For example: if you do not generate better than average revenue, you have no right to talk to your boss about business. You are a piker and will remain a little baby midget, until you get your head out from your cocaine bag and get to work. Time is the most valuable commodity there is, especially when it comes to relationships, business and the important art of BLOGGERY.

It’s time that I seek to maximize, via research efficiency improvements (PPT), hiring small slaves to do my dirty work and ignoring the pathetic requests from people who are stupid.

See folks, I am not a jerk, just painfully vague. If you are curious as to what in the world that means, ironically, you will have to wait awhile before I reveal such gifts of knowledge.

Into the bell, I raised some cash, via selling off some 2nd tier names. For the most part, I expect to trade light, until November, in an earnest effort to preserve my 80%+ year to date gains.

In between falafel and hummus snacks, I am a net seller of this market, until my experiment in mathematical harmony, The PPT, tells me otherwise. Into this swoon, I sold out of General Cable Corporation [[BGC]] , Ceragon Networks Ltd. [[CRNT]] , McMoRan Exploration Co. [[MMR]] and Align Technology, Inc. [[ALGN]] .

It’s also worth noting, small crap stocks are being taken to the woodshed. My advice to you: sell out of such said names before the crowd jumps into the funnel. There will be a better price point for many names. Be patient and let the stock horses come to you.

In the meantime, go eat a snack. See you at the bell.