Milquetoast With Coffee

I am going to buy several Apple iPads. Steve Jobs is an American hero and should be ARRESTED and executed by the clown-fuckers on capital hill, being that they’re into hating on success and all.

We have a bullshit market upon us, mixed with pending earnings from Green Mountain Coffee Roasters Inc. [[GMCR]] . I’m holding my little GMCR position through earnings, AND MORE (until $100). Let me just say, I was exactly wrong on the steel stocks, so far. The raping of United States Steel Corporation [[X]] has been very viscous and oh so dramatic. Both Nucor Corporation [[NUE]] and POSCO (ADR) [[PKX]] have dropped off a cliff, as of late. It was a call, a bad one so far. However, I’m not in the stock for 1-2 days. Should we get the recovery I think we will get, in 2010, steel stocks will rip to new highs. They are very volatile and not for people with weak arteries.

Secondly,  education stocks are ripping higher today, led by DeVry Inc. [[DV]] . This is a heavily bet against sector, with LOTS of upside and cheap valuations. I like Corinthian Colleges, Inc. [[COCO]] until $20.

Finally, there is something to be said about enduring multiple punches to the scrotum without fighting back. In hindsight, I should have shorted something, especially since I knew the decline was coming. You live and you learn. I do not want to compound my first error (not shorting)  by shorting here, at the low end of the range. Although there is a shot we break lower, in homofied fashion, odds are we bounce soon and hard.

NOTE: Most inverse ETF’s in The PPT are ranked the highest in history. Once again, this is usually a sign of a pending reversal, meaning: get long.

Here is a little rally cry song for you [[GMCR]] longs aka bilingual coffee lovers.

Thank you Congress for confirming any doubts that people with “non-retarded” IQ’s may have had, when trying to determine whether or not you are fucking idiots. This whole roast Geithner fiasco on the teevee is so fucking transparent it’s sickening. Americans HATE you, not because you are incompetent and unable to perform at a high level. They hate you because you are full of shit.

It’s funny how everyone has selective memory, with regards to the crisis of 2008. We were in vapor-lock mode, as represented by the 99% drop in the BDI. However, now that things have stabilized, everyone wants to play gotcha. Please, do yourselves a favor and jump into a lit fireplace.

I know you Tea Party players want to stop spending in order to “get our fiscal house in order.” Generally, you fuckers are idiots and know very little about the current situation we are in. Without EXCESSIVE government spending, the middle class in America will be offered “the black flag,” where they will enjoy the luxuries of the welfare system. It’s too early in the recovery cycle to pull back on government stimulus. The only reason why the republicans are bitching and moaning about spending is because the democrats are in power. When Bush was chilling in the White House, those elephant fuckers were sucking the treasury dry.

Much to my chagrin, I’m afraid Prezident O’bama will campaign during tonight’s State of the Union speech. That man hardly governs. All he does is campaign, mainly because he is a weak leader and doesn’t know how to do anything. Fucking shocker. With populist mumbo-jumbo on the front burner, Wall Street will drop napalm on the 401k’s of the average, blue collar dipshit collecting trash for a living, by way of tanking this market until the O’bama administration says “mercy.”

Say mercy Prezident O’bama, say mercy. Don’t even think about shouting out “freedom.”

At any rate, regardless of politics, this market is nearing extreme oversold levels and will bounce soon. Write the down and trade accordingly.

All we need is a spark.

In the real world of money management, people talk about what will make them money tomorrow. Here, on the fucking internet, bloggers yap about the injustices being committed and other things that have nothing to do with making money. Do you get my drift?

The internet is one big intellectual sinkhole, where clever men dressed in burlap suits talk amongst themselves and meet at Tea Parties, putting forth dreams of upheaval spearheaded by 1860’s style “civil war.”

While some bloggers are worthy of a read, namely everyone here on iBC as well as one or two others, for the most part it is devoid of money making ideas and will eventually be eliminated through attrition. To read some of these bloggers gloat about economic hardship and practically circle jerk with the morons in their comments section, over the prospects of a “double dip” recession, is appalling and downright despicable. Nonetheless, I could care less: I am just making a point.

The point is: if you are a mathematician, tell me how to build a catapult. If you are a politician, talk about gay rights. If you don’t know how to bank coin, quit talking about stocks; don’t even mention a fucking ticker symbol, else I will have your legs removed from your torso and “chuck” you into the Coney Island amusement park, where savage clowns and freak show people will pick you apart, reducing your physical frame into a meatless carcass.

Enough of the disillusioned haranguing.  This market is a piece of offal, wrapped in bacon, fried up real nice, served on a garbage pail cover.

Foreign related names are getting lit up, most down more than 15% over the past 2 weeks. Commodity related stocks are down more than 10%. Tech stocks are down more than 10% and retail names are sucking dick too. To sit here and tell you “everything is great” would mean that I am a psychopath, unable to feel the emotion called “frustration.” As cold and calculating as I am, this market is uncomfortable and needs to get going soon, else I will lose my patience and throw bananas at it.

Lots of names are trading at compelling valuations; but I will not bore you with my picks. If and when we turn up again, most stocks will charge higher in a convoy. The million dollar question is: when?

The last reading of the Overall PPT score was in the 2.30’s, not too far away from the historical oversold levels of sub 2.30. Once again, not to get all redundant and shit, I was crazy enough to be long stocks into the teeth of the 2009 “Great Depression.” I consider myself equally crazy to be long here, ahead of Mr. O’bama’s egregious “state of the Union” address.

At the end of the day, I have zeros in my fucking checking account. All of this shit is sport to me.

I bought 5,000 Cummins Inc. [[CMI]] @ $47.35 and 5,000 Nucor Corporation [[NUE]] @ $44.40.

Disclaimer: If you buy the above stocks because of this post, you will find out at a much later date that your prized $50,000 Rolex time piece was in fact a counterfeit, effectively meaning that you would have lived out your life as a liar and a fraud, aside from being bamboozled like a 16 year old kid at the “follow the bee” street card game. And, you may lose money.

Some people love to trade the opening tick. Personally, I hate it. At the open tick, morons flood the markets with rushed orders, causing wild swings in prices. If you must trade in the morning, try your luck at around 10am. By then, most of the overnight bullshit is digested and the market is defining its path for the day.

United States Steel Corporation [[X]] posted disappointing earnings. I am tempted to buy some down here. However, I’m already long POSCO (ADR) [[PKX]] and Nucor Corporation [[NUE]] . Plus anyway, I’m perfectly content bleeding out with a 12% cash position. I find no need to go “all in,” unless there was a real reason to do so. I’m not blind. I can fucking see the market trending lower. I will go “all in” if the market reverses to the upside with conviction or if The PPT‘s Overall Hybrid score dips below 2.30.

Everyone is bearish on China, all of a fucking sudden. On the China dip, I like Ctrip.com International, Ltd. (ADR) [[CTRP]] .

Let me make one thing abundantly clear: my patience is not infinite. Should things continue to go against me, I will get proactive and trade my way out of this tape. However, for now, I will stick to the game plan and treat this dip the way all assholes dip buyers treat declines: “buyable.”

Off of the Apple Inc. [[AAPL]] monster quarter, I like TEKELEC [[TKLC]] —major vendor for the at&t network. And, providing I get motivated, I might buy another at&t vendor: ADTRAN, Inc. [[ADTN]] .

Bottom line: This tape sucks; but I remain steadfast, not so much different than George Washington at the Battle of Trenton.

NOTE: I sold out of W.W. Grainger, Inc. [[GWW]] despite great earnings. The stock is down on great earnings and I hate that, so it’s gone.

Poor brainwashed kid. Willing  victim of slave labor

Fuck recycling. You tree hugging dipshits can separate the plastics from the wood; I throw everything in one big disgusting bag, so that the slobs, better known as “garbage men,” can pick it up for me and toss it in their filthy trucks. Trust me, I’m not being a snob about this, nor do I hate the environment. I’m just painfully indifferent to the plight of the recyclers. The way I see it, the city is making coin off of my labor: fuck them and their environmental edicts.

This is a point of contention in The Casa de Fly, as Mrs. Fly is a HUGE advocate of recycling. She figures by stacking our blue garbage bins with empty Monster Sodas, the world will be saved and the sea lions will have icebergs to lay out on.

FUCK THE SEA LIONS and FUCK ICEBERGS. As far as I’m concerned, icebergs never did shit for me; why should I care about them?  Any of you folks every hear about the Titanic?

As a result of my anti-recycling behaviour [sic], the garbage nazis have targeted me and leave tickets on my door, just about once per week. They must think $50 fines will deter “The Fly” from pursuing his egregious course of action, which is to not give a fuck about recycling. I throw banana peels inside of my milk cartons, then throw them inside empty LCD tv boxes and place it on the curb. Who said I wasn’t a gangster?

Fuck the Department of Sanitation aka “Recycling Nazis,” and their $50 fines. They must not know how much money I have in my fucking checking account.

You should see those fat bastards rummaging  through my fucking trash—like upright walking pigs— just to catch me with a  few plastic bottles mixed in with my chicken bones. At the end of the day, I refuse to be a victim of SLAVE LABOR, sorting shit out for assholes with an agenda. I don’t play that game. As a matter of fact, I don’t play any games: I make them. Remember that shit, always!

More on that topic at a later date.

Be well.

NOTE: Let’s hope Mrs. Fly doesn’t catch wind of this subversive blog.

Instead of trying to time [[FAZ]] and [[SRS]] trades, why don’t you build a list of longs worth buying at a discount? If you assume we are on the other side of the mountain and there is nothing but downside left, you are sorely mistaken.

People of the internets: Benjamin Bernanke will toss pinless hand grenades into your surprise birthday party celebrations, just before stealing your cake. It is not wise to bet against men with printing presses. It is not wise to bet against men who own space rockets (Le Fly).

For the day, I nibbled, every so gingerly; but I nibbled nonetheless.

Should we push the envelope here, buoyed by solid quarterly earnings, the short sellers will regret the day their parents made them. Into a melt up, I insist: look towards steel names, like Nucor Corporation [[NUE]] , Mechel OAO (ADR) [[MTL]] , POSCO (ADR) [[PKX]] and United States Steel Corporation [[X]] .

Within tech, I like Ctrip.com International, Ltd. (ADR) [[CTRP]] , TEKELEC [[TKLC]] and Equinix, Inc. [[EQIX]] .

Other names worth purchase include W.W. Grainger, Inc. [[GWW]] , Cummins Inc. [[CMI]] , Masco Corporation [[MAS]] , SandRidge Energy Inc. [[SD]] and yes Flotek Industries, Inc. [[FTK]] .

In order to get me bearish, I need to see book to bill ratios collapse. I need to see the unemployment rate continue its path higher. And, most importantly, I need to see earnings warnings from our big corporations. It is not enough to see weak banks, mainly because the banks are impaired to begin with. They are in a period of adjustment and are not good long term investments. Should bellwether tech and industrial names warn, THAT and only THAT will convince me to lower the boom and throw on some hedges.

Until that happens, I will view all sell offs as buying opportunities.

Oh, I forgot about “the idiot tape,” where people sashay in and out of stocks, as if they were trying on dinner costumes at their local Bergdorf Goodman.

You know what: I’m just going to walk out of this fucking office and go for a walk in the rain. Nothing says “fuck you” like a good stroll in the rain, sans the luxury of an umbrella. The market is up up up, then down down down. It’s too much already. We’ve dropped 500+ points in a few short days and some of you morons want another 5,000. Fuck off and go throw yourself into a lit fireplace.

I’m not backing away from my bullish proclamations, despite this knee-jerk tape. Although, there are a variety of things that can convince me to sell short—which I will discuss at a later date. Nevertheless, I insist: this is a LONG ONLY market, unless of course you’re into swimming with chum on your face in the middle of shark infested waters.

Off for my long walk.