Squeeze Time

The country rubes from Congress are grilling Hank Paulson today, for doing all sorts of criminal shit, as if they were innocent angels hoodwinked by the devil himself. Those assholes on capitol hill would be sucking Hank’s dick right now, if everything went smoothly. The fact that unemployment is on the rise, giving their respective districts hot irons to the face, lends them the courage to make jackasses out of themselves, blaming Hank for everything short of faux global warming (incidentally, that can never be proved either). Congress knew exactly what they were getting into, when they gave Paulson the authority to spend like a drunken, credit card loving, American. Every single incumbent should be voted out, just my opinion.

As for the markets:

After yesterday’s salsa dancing extravaganza of a market, investors are taking a breather, allowing gains to be digested. However, remember, the shorts are trapped and will bug-the-fuck-out, should the indices show signs of lift off. With that in mind, I want to be long, or at least consider being long, stocks with bountiful short positions.

Courtesy of The PPT, here are 25 stocks with excellent technicals, from one my short squeeze screens, titled “Kill the Shorts”

(technical score ranked “buy” or better, with 15%+ of the outstanding shares sold short)

No.	Ticker	Technical Score	Short as % of Float
1	STEC	4.42	34.60
2	DIN	4.22	23.70
3	TXI	4.22	21.20
4	MTG	4.17	18.60
5	JCG	4.12	28.40
6	PODD	4.12	20.00
7	X	4.12	15.60
8	SFD	4.07	17.50
9	TRLG	4.07	19.10
10	FEED	4.02	17.40
11	LAMR	4.02	20.20
12	HOG	3.97	19.00
13	WBS	3.92	16.60
14	GYMB	3.72	21.90
15	LVS	3.67	18.90
16	GCI	3.62	20.40
17	GMCR	3.57	31.60
18	SLG	3.57	23.50
19	TWP	3.57	20.30
20	VPRT	3.57	26.40
21	SVNT	3.52	15.20
22	ATPG	3.51	18.60
23	CRZO	3.51	20.70
24	SIVB	3.42	16.10
25	AMAG	3.37	21.80

[youtube:http://www.youtube.com/watch?v=etPX8y7vLgs 616 500]

As bowling balls flew through the skies of Wall Street, “The Fly,” better known as “Le Fly” in France, stood firm, handing out beat downs as if they were food stamps. Amazingly, the inept basket cases at Flotek Industries, Inc. [[FTK]] managed to see their stock lower, despite today’s epic short squeeze, mainly due to lack of communication with shareholders that decide their fate. Ho-hum.

Aside from that, it was a “bag ’em up and throw ’em off the bridge” market, with outrageous gains in everything under the Sun. This is the sort of rally that teaches the bears, through tragedy, a stern lesson in investing. All thanks and praise to the MEGA-TRON bull quants, provided by the friendly folks at Goldman Sachs.

The following holdings helped my plight in becoming “rich as fuck”

Corning Incorporated [[GLW]] , [[ERX]] , TEKELEC [[TKLC]] , OmniVision Technologies, Inc. [[OVTI]] , SandRidge Energy Inc. [[SD]] , [[ENTR]] , [[ARMH]] , ADTRAN, Inc. [[ADTN]] , Ciena Corporation [[CIEN]] and Atmel Corporation [[ATML]] .

Going forward, on our way to 9,500, I want to be long specific tech names, which are outlined for PPT subs only (fucking ingrates, most of you are). Additionally, I want to be long stocks with big dicked short positions, which I will touch on later on tonight or tomorrow.

Indeud.

I bought 10,000 ON Semiconductor Corp. [[ONNN]] @ $7.40, 10,000 STMicroelectronics N.V. (ADR) [[STM]] @ $7.70 and 5,000 Abercrombie & Fitch Co. Abercrombie & Fitch Co. Abercrombie & Fitch Co. [[ANF]] @ $24.90.

UPDATE: Final buy, 8,000 Flotek Industries, Inc. [[FTK]] @ $1.60

Disclaimer: If you buy the above stocks because of this post, your only daughter will marry a bearshitter. And, you will lose money.

Much to your chagrin, the market is running on water, extending earlier gains, while throwing cherry bombs at short sellers. There are soooo many bears trapped here, short stocks in a very FAZtardingly way. As you know, I was very close to going short, via inverse etf’s, but was saved by God himself. Immediately after talking to God, on my blakcberry, I decided against shorting stocks, so you know.

It appears the ADTRAN, Inc. [[ADTN]] conference call was not so kick-ass. No worries. The company is well positioned and should do well in the future. I will buy the dips.

Thanks to the cock masters at Intel Corporation [[INTC]] , tech is ripping higher. I am so chockful of longs here, there is not much for me to do, other than sit back and enjoy taking your money.

By the way, the robotic engines at Goldman Sachs send you their regards. They also tell me your “newz” articles, regarding their alleged criminality, are laughed upon by men in yellow suits and blue shoes. Truth be told, I was never a fan of Goldman, until they started throwing gasoline on the competition. Candidly, I like their style.

According to The PPT, we are, officially, in bull market mode, with an overall score of 3.25 or “buy.” In the past, any score above 3 marked a near term top in the market. However, it has always been my contention that the score would remain above 3, with regular vivacity, once the market was officially in bull mode. It is my belief, ladies and chicks, that is exactly what we are in right now.

So, get your fucking rocket ships ready and prepare for blast-off. Without a doubt, a whole new group of luck assholes will become “rich as fuck,” during the next bull market. Unfortunately, for you, I don’t think any of you are so fortunate.

The bears will be eating kibbles and bits soon; because there is nothing left for them to cling onto. All of their theories of a shattered economy have been thoroughly debunked by Intel Corporation [[INTC]] . Case in point: RIDICULOUS margin expansion at Intel. Those chip gobblers did not beat estimates. No, it was a lot more than that. The nerds at Intel GODSMACKED estimates, particularly on the margin side, coming in at 51% (estimates were 46%). As you know, I’ve been bullish on chips, due to the huge spike in capacity utilization at the foundries. Now that the margins are exploding at INTC, I have to get bullish on the end user, specifically retail.

More on that later.

The way to play this is simple. Get long tech names that are sensitive to the end user, such as Corning Incorporated [[GLW]] , OmniVision Technologies, Inc. [[OVTI]] and Atmel Corporation [[ATML]] . Additionally, I am still very bullish on the 4g/smartphone space. Take a look at ADTRAN, Inc. [[ADTN]] , major supplier to the At&t network (think iPhone). ADTN just smashed numbers too.

So, in closing, how’s that head and shoulders formation looking now? You ball jugglers have no idea what you are talking about, 90% of the time. Hence, it is no surprise to see you default to oddball technical analysis theories, making believe you have a clue what you are doing.

Good day to you, Sir.

Gentlemen of The PPT: Thesis Update.

Indeud.

I bought 10,000 [[UNG]] @ $12.44.

Disclaimer: If you buy UNG because of this post, the next time you hire a contractor to do work, he will take your deposit and never return for work. And, you may lose money.

Some choose to live out their lives saving people from annoying fires. Others exist to free hardened criminals from pesky murder charges, via exploiting the legal system. I, on the other hand, choose to talk about my stock market wins, via iBankCoin. Let it be known, the time I spend on this site is unhealthy, by all measures. Granted, we have a premium service running and the site generates a respectable amount of revenue; but that’s not the reason why I blog and blog hard.

You rubber stampers need to throw water at my feet, whenever they are hot. “The Fly” is a gift, like none other, to the internets, for all of the world to read and enjoy. It is blissful to be a regular iBC member. God only knows how many bloggers email me, begging to be join the elite iBC brand. However, unfortunately, most of you ham and eggers are simply not good enough to join. Therefore, you are cast away, like a republican in San Fransicko. Be gone!

As for today’s tape:

We endeavor to go higher. That’s all you need to know. I am long so many stocks, it would be a waste of my time to post them here. Nonetheless, my top picks, all of extraordinary value, are Corning Incorporated [[GLW]] , OmniVision Technologies, Inc. [[OVTI]] , [[ENTR]] , [[ERX]] and ADTRAN, Inc. [[ADTN]] . Believe me, I’d put Flotek Industries, Inc. [[FTK]] in there too. However, I’ve been so wrong on the name, it would be an insult to those with IQ’s north of 60 to even mention that wretch.

As an aside, iBC will be putting the Stocktwits TV player on the front page, whenever Uncle Howard decided to broadcast. Enjoy it with his compliments and look for the egregious iBC commercials.

You grotesquely fat slobs need to step up your exercise regiments and slow down your private pie eating contests. Lo and behold, Goldman Sachs Group, Inc. [[GS]] smashed through estimates; but the stock is unchanged. Commercial Re stocks are getting ape raped, while commodity stocks play “eat the liver” on unsuspecting bears.

On a very personal level, I am pleased to see the price of natural gas shoot higher, which in turn will help my SandRidge Energy Inc. [[SD]] , [[ERX]] and Flotek Industries, Inc. [[FTK]] positions.

For the most part, life is like a box of Dennis Kneale’s.

Thanks to the retards at Dell Inc. [[DELL]] , tech is taking a breather this morning. However, stick around for awhile, in order to witness low IQ money managers scramble their brains, trying to correctly position themselves for the next earnings report. In my opinion, JPMorgan Chase & Co. [[JPM]] will burn the house down, in a very good way. I would not be short banks into JPM trickery. As you know, they have a fucking magician as CEO.

In closing, I like many stocks and hold many positions. While it’s true, some of them are down significantly from my cost basis. It’s also true, I have the patience of an elephant watching porn.

NOTE: So you know, iBankCoin has purchased a 1 month ad slot on Stocktwits TV (live streaming financial content, hosted by Howard Lindzon). As a result, we have created a series of iBankCoin commercials, mainly for my pleasure. Also, we will be putting the Stocktwits TV player on iBC’s front page, during broadcasting hours.