Asia Deballing Bears in WTF Trading

View the carnage here.

UPDATE: More classic Bloomy.

An evil, insidious word.

UPDATE on the Important Matter of Using the word Maintain:

Good Day.

[youtube:http://www.youtube.com/watch?v=QBuSQCqcIsE 550 400]

I’m not into buying FAZ and SRS anymore, like many of you donkey punchers. If I decide to go short, I’ll be damned if I give those horse faces from Direxion another red cent. Fuck them and the queer unicorn they rode in on.

Because of my family emergency, I was only able to “feel the market” for part of the day. I bought some CUZ and eyeballed buying more TWi—but never got motivated enough to buy some.

Aside from that, I am participating in the secondary offering, PL.

Overall, the market has a very nervous tone to it. I am not 100% comfortable being long. But I made my bed and now it’s time to sleep in it.

On a whole, the fundamentals of the market are improving. LIBOR is way down and once thought to be dead companies are finding financing. Do not look at the secondaries as a negative. Sure, some stocks are undergoing significant dilution. But, just two months ago, those same names were marked for dead. In my book, it’s better to have a $10 stock, instead of a big ol’ gay zero.

Eventually, the dilution will stop and demand for higher than zero returns will commence. If your game plan is to time every single inflection point, I guarantee your dumb ass will lose the house, cars, wife and kids, inside of 6 months.

NOTE: The inflation trade continues with gains in ag, specifically MOS, IPI, AGU, POT and TRA.

I bought 2,000 CUZ @ $8.

Disclaimer: If you buy CUZ because of this post, your dog will bite a policeman. And, you may lose money.

… research that is. I have plenty of cancer in my family history. I am in no need of the actual thing, just yet.

We’re going into ASCO aka “The Mother of all Cancer Conferences,” and it’s lotto time for biotech stocks.

Some names to keep an eye on include: MEDX, OXGN, EXEL, GHDX, PARD, IMGN, CGRB, MDVN, ARIA and CYTK.

I’ve been out of the office today, attending to a family matter. By the looks of things, the market is bouncing along the bottom, buoying 95% of my positions. For some odd reason, I feel as if I am skating on thin ice. Nonetheless, I remain steadfast in my nonsensical bullish ways.

I’m warming up to the video game sector too, based upon fucked up SNE PS3 data. Essentially, they are forced to lower prices on the PS3, in order to reduce inventory. It’s only a matter of time before Sony caves into economics 101. As a result of greater console sales, GME, ERTS, THQI, TTWO and ATVI should benefit.

I will be out for the better part of today, attending to an urgent matter. Please feel free to pester the rest of the iBC staff in my absence.

I am sick of talking about stocks. Stock this, stock that. You are wrong. You are right. Fuck on, fuck off and sing a song for Charlie; I could care less about your exploits.

I’m also sick of talking about “the blog.” Fuck the blog and how “cool it is.” In actuality, there is NOTHING remotely cool about writing for a blog. Whenever I tell people in “real life,” they just sort of look at me, as if I was some sort of internet weirdo. My reply, as always, “please visit my site, so that I can steal your identity and buy hamburgers with your credit cards.”

Most of you come to “Fly’s Blog” for a good laugh. But, unbeknownst to you, it is I who laughs at you. The more people who log on, the better—more laughs for me.

Okay, let’s talk about stocks:

They’re gonna go down. Sell everything, else get raped by a clown. WRONG. We’re “scud missiling” higher, taking all of the Death Merchants with us. Nah, just kidding.

For real, DEATH MERCHANTS will be knocking on your door shortly.

What’s fascinating about this post, which happens to be about nothing at all, is that you are stuck reading it, like a dog licking peanut butter. The art of nothingness can only be revealed by those who perpetuate a “plant-like” existence.

Since young, I’ve been known to win a lot, dating back to my MVP days in little league. I’m going through life with the help endless handicaps. For example: the market can go down 10% tomorrow, sending me to my local mental ward, level IV. However, within a week, I will be able to talk my way out of the rubber room and recapture all lost coin, and more!

I find no need to rush stock trades. It helps—a great deal— knowing that there is nothing the market can do to keep me down for more than 2 weeks. No matter the set back, I find a way.

Speaking of which, The Greatest Thing in the History of the World is taking a bowling ball and throwing it down Wall Street, knocking you fucking pikers into the dirty puddles—fucking up your bullshit “Men’s Warehouse” loser suits. You might as well wear a tuxedo to work. That’s how ridiculous you look.

[youtube:http://www.youtube.com/watch?v=lRrM6tfOHds&feature=related 550 400]

My foray into the insidious world of low priced stocks paid dividends, on the day of the Lord May 13th, 2009, in the form of large capital losses (paper). As amazing as it may seem, I executed zero trades today. I had the old “deer in headlights” demeanor going on today, much to the chagrin of the doomsday crowd.

I would mention my losers; but it’s too painful. I rather make believe today was a nightmare of sorts, where Freddy Kruger was chasing me around some filthy boiler room, cutting my face to ribbons.

According to The PPT, today represents the 3rd lowest score in its short history, with an overall reading of 2.17. There were two occasions when the score was lower, on 2/10 and 2/17. Also, there are zero sectors with a “buy” rating, out of 198.

Based upon past action, it is likely the market will trade lower, before it strips the bears naked and dumps them into hot pools of tar. With my 35% cash position, I opted to use it to buy dips, instead of hedging. However, knowing me, I could change my mind tomorrow. I’m volatile like that.

Off to eat a faux hot dog.