Is the Party Over?

We’re gonna have a fucking party! Get your crack pipes and 40 ounces of Colt 45 ready, for we are celebrating THE REVIVAL OF EQUITIES or DEATH TO ALL EQUITIES. Either way, we’re having a party.

I was just discussing the economy and how it pertains to equity prices with a “worldly,” scholarly friend of mine, by way of digital telephone device. He is of the belief that “all is lost,” and the economy shall go down the sewer pipe, eventually conquered by angry Mongol’s who want their money back.

In a very honorable manner, I pointed him towards some “green shoots,” in the semiconductor sector and how the Government cheese makers were intent on inflating everything, including the stupid prices of bank stocks. As you could imagine, he rejected such evidence as mere “scams.”

I furthered my agenda: “We are in a process of liquefying the balance sheets of loser banks and loser CRE companies, as evidenced by recent secondary offerings.”

After that, the conversation devolved into some sort of caveman shouting match, whereby both parties threatened to exact physical harm to one another.

My point: I am open minded to some sort of magical recovery, although it seems like a stretch. Granted, unemployment is out of control and municipal budgets are laughable to anyone with a brain and a calculator. On top of that, I find it hard to believe the market will close higher for 2009, following an epic disaster in credit.

Nonetheless, my game plan, from late 2008, was to get long the second half of 2009. I thought the first half of ’09 would be horrific, which in turn would lead to an epic rally in the second. Perhaps I got my halves mixed up?

Only time will tell.

Bottom line: If you believe the economy is on the mend, it is your duty, as an asshole dip buyer, to allocate funds today. Across the board, stocks are down 10-15%. Either this is the beginning of the bear party, or the music equipment overheated for the bulls.

Correct me if I am wrong, wasn’t I just talking shit about being wrong, yet right. In an odd twist of fuckery, today I am right, yet wrong, if you know what I mean.

Let this be a lesson (of sorts) to me and people like me: Mother Market doesn’t give a shit about your time machine or ABRACADABRA ways. Just when you think you have it all figured out, BAM, the rug is pulled from your feet and you are beaten to a pulp with a titanium pipe.

The retail numbers were bad; therefore, the market—finally—has an excuse to rip the lips off of the bulls, especially the morons who like penny stocks (no offense to myself of course).

I haven’t figured out a definitive course of action yet. I do have a 35% cash position and a small tolerance for loser stocks. I may just cut losses—go to cash—then proceed to plan a new course of action. Or, I may decide to do nothing—go eat a sandwich—and wait for tomorrow.

Look, the market is permitted to decline by 10%, after a run up. You, as an idiot online guy, need to come to grips with losing money, with full intentions of making it back later. Or, if you are the insecure type, sell now, then do a bunch of stupid trades later.

Either way, the market is going to tax some of your gains. That’s just how this here game works.

For months I was in the deflation camp, telling all of you that money supply would vanish into thin air, taking the prices of everything into a mesmerizing, yet deadly, vortex. As a matter of fact, I declared, “Death to Oil” and “Death to Texas-Tea Baggers” on a number of occasions.

For the sake of reserving the right to claim such said victories at a later date, I will not recant such said prophecies. Instead, I will just play along, like an ignoramus, drinking the different flavours [sic] of tea, while making believe I am in some sort of cult-like inflation militia, whose job is to render the U.S. dollar worthless—indeud.

Many of you are scared of the rally, thinking it is ready to slap-chop your cocks off. Howsoever, I will tell you, old man, you have nothing to fear, for the Chinese are restocking their oil inventories, in order to attack America, via a large Pacific fleet, at a much later date.

My droll-like point:

Oil/gas stocks will trade higher. The market is following the whims of oil, no doubt. If you had a look lately, oil is about to bust through $60, on its merry way to $75—just in time for the summer driving season. I yearn for the days of $5.00 gas.

Back to my point, here is a list of under the radar names, courtesy of The PPT (all praise and encomium go to the developers of such an alien tool), for your perusal, which by way of market forces, may be worth your investment dollars.

SII. EXH, WG, WNR, MCF, ME, GHM, SD and of course FTK.

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RFMD is a son of a bitch. Who knows why that cocksucker went down. Maybe the spring weather annoyed certain such said longs into capitulating? At the end of the day, all I care about is the gold bricks in my fucking vault.

Speaking of gold: I stepped in today, buying up some NGD. I can’t help myself. For some odd reason, I am gravitated towards the lowest priced stocks. I know this vexes many of you, too bad and fuck off.

“The Fly” is going through a phase; cop a walk. In the future, I will look back on these days and say “hey, remember when I was a degenerate OTB guy, buying pennies,” just prior to banning you from the site forever.

Aside from that, most of you cow fuckers got your faces punched off today, trying to short stocks. The market is going higher tomorrow and it will drag you—like a little bitch—through the streets screaming, providing you are not mindful.

Mindful of what, you ponder?

MINDFUL OF A SHARP CLAWHAMMER IN YOUR HEAD, I gather.

In closing, I like DELL, FTK, rfmd (cocksucker), CUZ, NGD, TWi, SFE and a few others.

Off to a little league baseball practice.

I bought 25,000 RFMD @ $2.22, 20,000 FTK @ $2.35, 2,000 CUZ @ $8.5 and 15,000 SFE @ $1.09.

UPDATE: I bought 25,000 NGD @ $2.13.

UPDATE: I sold out of my FLOW, north of $2.40

Disclaimer: If you buy the above stock because of this post, someone will throw a dead dog on your front lawn. And, you may lose money.

I’ve been out all day at some asinine meeting/event. Actually, for normal people, the event was rather enjoyable. But not me. No, I’m over there checking quotes every 5 seconds, like a neurotic nicotine addict, jonesing for a large cigar.

I see tech stocks are receiving multiple homo hammers today, including my RFMD position. For the record, may God strike those who bet against my positions.

I told you to wait for cheaper prices, while also saying the market should go higher. Try figuring that shit out, while drunk.

I’m tired of being a bear, betting against humanity and wishing ill will on banking execs. 2009 is the year of the kind, gentler Fly, who is still capable of punching your chest hairs off without provocation.

It’s time to practice what I preach, by way of defending some of my positions.

More on this later.

Forget about the banks. You are obsessed with them and it’s not healthy. Aside from tech, oil is playing a material role in the current rally. APC priced a retarded secondary, putting some oil indexes into retardoland. But, the commodity is up, which is all I really care about. The stocks will act like stocks— idiotic—until they don’t. In the meantime, UCO is worth a look.

“The Fly” is more concerned with the important matter of reflation or the presumption of such a Godly transition.

With that in mind, I want to buy beaten down oil/gas stocks, mainly because it’s fun and I like making money. Names like FTK, PLLL, NGAS or even BEXP intrigue me. Trust me, there are a lot more. If you want to talk turkey, be a man and join The PPT; quit freeloading your life away—like some sort of minimum waged doughnut maker/slave.

As for today’s tape:

So far, I like the action in SFE (cheap as balls), CUZ, TWi and GMO. My gut tells me RFMD will print $3 before $2. However, as of now, the market forces are telling me to chill the fuck out and wait for better prints, since the bears are open field running—naked—on the banks and cre here.

For now, I will find a way to entertain myself, while prices come down to more attractive levels.

I peruse over the blogosphere, every so often, only to find myself appalled over the low quality shit being published by know-nothing losers, or hacked out, one trick Doctor crack habit ham and eggers. Believe me, when it comes to putting thoughts into words, my nose is very high in the sky, indeed. As a matter of fact, if the art of blogging was a tea cup, I’d hold it with my pinky extended outward.

Believe it or not, the best way for you to become popular or relevant is to surrender to the Godly folks at iBC and post regularly in the PG. I view the PG as iBC’s farm system, where talent is cultivated and readied for prime time. Don’t get me wrong, some of the people posting in the PG are highly talented and responsible investors. However, blogging is more than just splashing a few fucking speadsheets onto a page, with a stupid paragraph or two affixed to it. Most people just ignore that sort of crap.

Many are envious of “The Fly,” for good reason, of course. After all, he commands an army of loyal subjects, while you are just some dickhead, twittering away into the collective oblivion.

The House of iBankCoin is built upon a golden temple of fidelity. None of you clown-fuckers can ever come close to what is being actualized here. Inasmuch, you’re better off writing in a bitched-out diary, than competing versus me.

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