Buy All Dips

I’m getting mushroom clouded in FTK this morning, while my SD position eats shorts like Pac-man drunk on vitamins. Thus far, this morning is bitter-sweet for me.

The good news: I have lots of cash reserves (35%) to buy dips and shall do so when the market opens.

Look, the market is going to run higher again today. There is no point in sticking to your bearish thesis, in the short term, while the market is simply handing out free money.

Bottom line: With the ECB cutting rates again, I want to play the inflation game, via getting long oil/metals.

VNDA is up 800%+ in ah’s trading, thanks to FDA approval for one of its drugs. Dear Lord, allow me to find the next VNDA.

Amen

[youtube:http://www.youtube.com/watch?v=kPQR-OsH0RQ&feature=related 550 400]

Go buy your neighbors kid a bicycle and your co-worker a new pair of pants. The market has become a rogue ATM machine, where only $100,000 bills spit out.

As for me: my cash position is now north of of 35%, yet I am saddled with lots of low priced garbagio, very much so.

To sum up today’s rally, I leave you with a phrase: THE WOODSHEDDER BOTTOM.

Off to eat a steak made from gold.

I just bought 20,000 shares of GMO, knowing full well my 20k can make it interesting, if you know what I mean. I’ve delved into a dark world of thinly traded penny stocks, as if I were some sort of degenerate OTB guy. Trust me, I am not.

Typically, I buy multi-billion dollar franchises, with hopes of scalping 10-20% on a trade. But this shit is sheer madness. I am banging out 50% within days, on names, normally, I wouldn’t bother spitting at, let along invest in them.

This is the great reflation trade of 2009, where every fucktard with an e-trade account gets to be rich, if he plays his hand correctly. Fortunes are made and squandered in the market all the time. Yesterday’s black swan is today’s boon, depending on the timing, of course.

I know people who lost millions during the 2000-2002 decline and others who picked up cheap stock in ’02 and bought 10 houses with the obscene winnings.

I don’t know when the party will end. I only know, for a fact, that it will. Do not follow me into crazy eyed trades. Understand something, on one end I am deploying 100k into crap, but taking out 200k on winning trades. Net-net, I’ve been a seller into this melt up, with a cash position nearing 30%.

Just today, I sold a little SONS, all of my NGAS, ERX and a touch of my LVLT, in order to make room for new buys.

As an aside, as predicted, the “stress tests” were a charade, a ploy of sorts to get the bears into the fire. They are now being used as tinder for this rally. I suspect the rally will continue into the mid-May, led by gains in commodity related stocks.

UPDATE: I sold out of my MSO position, north of $3.90.

UPDATE: I bought 5,000 FTK @ $2.77

I bought 50,000 ABK @ $1.48.

UPDATE: I bought 10,000 FLOW @ $2.07

UPDATE II: I bought 10,000 FLOW @ $2.13.

UPDATE III: I bought 2,000 SD @ $9.61

Why not?

We will all suckle from The Great Whore, as our lives become even more decadent—even preposterous—all on the bosom oh higher oil prices.

Senor Tropicana has been enjoying his day, via long walks and passing judgment on some of his lowly underlings. See, the stock Gods have blessed “The Fly” with the power to bank coin, for himself and others. Consider me like a comet, racing through Orion’s belt. All a simple man, such as yourself, has to do is grab onto my tail and— ABRACADABRA— your old burlap shirt will be replaced with silk.

Let me say, the trading community in The PPT is banking coin at a profuse rate. I do not say that to make you give me your money. Quite the contrary. I say it to only invoke jealously and anger.

Truth be told, yet again, I have made an egregious purchase today of a very crappy stock, with great hopes of it going parabolic to the upside, similar to my other positions, like NGAS, SD or CROX (sold).

BEHOLD: I bought 100,000 TMR, between .39-.41. I expect to lose my entire investment in the dog. However, should it go to $1.00, I will be pleased.

At the present, I am up more than 4%, with gains in NGAS, ERX, SD, FTK, BRCD, MSO and LVLT.

UPDATE: I sold out of ERX @ $33.46. And, I sold out of NGAS, north of $2.90, for an egregious win.

You fucking clowns should be spraying each other in the face with old fashioned seltzer bottles, instead of playing Gordon Gekko and the stock market. It truly is sad/pathetic, how stupid you really are. I mean, on one hand, it’s very entertaining to see someone slip on the same banana peel over and over and over again. But after awhile, the joke wears thin and I’m like “WTF is going on here, does this guy have a gorilla brain or what?”

The $34 billion story was misleading bullshit. Fucking shocker.

Without further delay, please enjoy your regularly scheduled bull run, sponsored by Fuck You Bears, You’re Dead Incorporated. On Jupiter’s stone, many of you shall not forget the swiftness of my hammer, nor the exactitude of my grand piano, which will be falling on your head—shortly.

NOTE: CROX—wow!

Pardon my mentally ill style of exclamatory title making; but it appears the banking system is about to get a barnyard kick to the nuts tomorrow morning.

I bring great news, with feverish excitement (no idea what that really means): [[BAC]] is in dire need of $34 billion, according to some rogue news agency. That’s all, nothing to see here. They need 34 bill, so that they could redecorate every house in the world, 20 times over, fly back and forth to the fucking moon, then make room for some kickass bonuses, circa 2006 style.

What sort of “stress test” is this, when the results say our largest bank needs $34 billion? It’s a fucking death sentence, not a test.

My Grandmother, may God bless her soul, used to say: “(Fly), if you don’t have anything good to say, don’t say anything.” Grandpa would retort: “No one likes a rat. Rats live in dirty basements with homeless men, who don’t know what honest work is. Don’t be a rat or else you will become homeless.”

With that worldly advice, I suggest President O’Bama should stop snitching on the banks. Quit being a player hater, O. After all, all BAC wants to do is spend some money on cheap brokerage firms, just before their respective businesses detonate and get blanketed by nuclear winter style fallout.

Fuck financial Armageddon; this is a game of elimination. Truth be told, if BAC needs $34 bill, HA!, they’re doner [sic] than a bun on the sun having fun with a gun, pardon the lack of a witty pun.

On that news, the market will likely travel to new highs tomorrow. The problem with many of you stems from your insistence on being an ideologue. You made some coin shorting the market and now it’s the only trick in your screwball bag.

Tomorrow morning will be interesting, since many bears will attempt to throw the weak into the “wall of worry.” If tomorrow’s dip is absorbed and met by the bulls, it will get extraordinarily ugly for the ideologues, via humiliating melt up.

Until then, let’s all have a drink to famine and pestilence, 2008 style.

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