Do Not Fear the Inevitable

The winds of recovery are behind the sails of the market, despite absurd GDP statistics. The days of lock limit down S&P futures are gone, at least for now.

Should we sell off into the close, I accept the loss as a mere way station to the path of gloriously greedy profits. We are stuck in the amber of range bound thinking, where investors on both ends of the spectrum are tentative about pressing their respective bets.

With my money, I am on strike, not selling, nor buying. I have my positions, along with a 10% cash reserve, and will now lie in the bed that I created.

The market is not about being right on every trade. In my case, I am not investing; but instead, I am creating art. The things that I am doing are all sponsored and approved by the Grand Recursive Order of the Knights of the Lambda Calculus, along with support from all of the stock Gods.

Any present or future market losses shall be viewed upon as generous handicaps, for your favor, in order to give ample opportunity to play catch up.

In all seriousness, considering all of God awful horrendous news, such as a WORLDWIDE PANDEMIC, CHRYSLER BK and GOVERNMENT SPONSORED FRAUD, I believe the market is taking the news flow in stride.

Bottom line: Long and strong.

NOTE: I have shit to do. Therefore, this is my final market hours post.

Oil has been fucking the market from the get go, thanks in large part to XOM’s earnings miss this morning. Now we are seeing bank and CRE stocks fall victim to profit taking and/or bear raid. As a result, the whole market sort of just rolled over.

I do not like buying into roll overs and will hold back on any planned buys, unless of course the market reverses course and poleaxes the bears.

The positive points to highlight are strength in tech, as evidenced by the greenish nature of the nasdaq and the over abundance of better-than-expected earnings being reported. I believe 70% of companies exceeded analysts expectations this quarter, always a good sign.

The risk lies within the fact that we have run higher, over a very short time frame. It is normal for the market to consolidate gains, even scare the shit out of people, via an egregious one or two day decline.

Despite my bullish position, the market appears to be very fragile, albeit within a very tight range. The market has done nothing for more than a week and it is beginning to worry people about their exposure to a market that “potentially” could be topping out. As you know, seasonality dictates to sell in May.

I contend, allow the market to breathe a little and try not to watch every tick, for it will drive you mad. Believe you me, I am very tempted to sell everything and lock in 30% ytd gains, but that would be foolish.

I am here, with a heart filled with fire, to bank coin on a large scale. No one ever got rich being a coward or degenerate day trader.

Trade accordingly.

It’s not required of you to agree with my every move. But it is imperative that you respect them.

I warned you about the semis. I said “watch the semis, else lose your face to Stuntman Mike,” yet you ignored me. Just yesterday, [[AMKR]], [[CDNS]], [[TSM]] and [[TER]] beat Wall Streets stupid estimates, effectively confirming my bullish thesis on the semis.

The market is a Great Whore, but you are too impotent to play. Like a robotic chicken, all you know is “buy SRS” or “buy FAZ,” like some sort of idiot garbage gobbler.

While I kick back, rejoicing in lavish gains, long [[PCX]], [[DELL]], [[CDNS]], [[BRCD]], [[CECO]] and [[CROX]], you are pulling hairs from your head—in some sort of act of desperation.

As for some of my losing positions, specifically [[MSO]] and [[CAVM]]: I shall buy them on dips, because that’s the type of guy I am.

In short, the market is on a maniac run higher. Are you crazy enough to take what’s rightfully yours, or will you just sit there throwing bricks at your keyboard?

[youtube:http://www.youtube.com/watch?v=HLwpf9_scnk 550 400]

I hope you all realize, I wish none of you ill will, despite my incessant taunting and bluster. The thing is, I win a lot. I am not talking about every once in awhile winship. Specifically, I speak of winning streaks that go beyond human comprehension, with regards to stock market wins.

Truth be told, I endure many losses in real life, especially while doing menial tasks. All sorts of bizarre shit plague Senor Tropicana. However, life has a way of balancing out.

While I might fall victim to a random bicycle accident, catapulting me into an egregious bush of roses. I make up for all of that, and more, via stock market mastery.

The market may pullback, over the next day or two, mainly because we can’t go vertical forever. However, the dips shall be purchased, with great vigor, until evidence of an economic uptick are debunked.

In short, I am long equities because it is the easiest path to winning, at this moment in time. You are long FAZ because you are a slave to your malignant ego.

[youtube:http://www.youtube.com/watch?v=JlAUdPTr6ZI 550 400]

Many of you are besides yourself, pondering about the never ending stock market rally and why people are buying stocks.

I am going to tell you in very clear, concise words, as to why we are boot stomping ugly, monstrous bears higher

The market is not going up because of the Fed, Treasury, Banks, CRE or Pig Flu. The semiconductors marked the bottom, back in March, based upon a sharp uptick in demand, partly created by lack of supply.

In other words, factories were shut down. Utilization rates were saddled in the 30% range. Then, all of a sudden, the consumer showed signs of life, as they always do entering spring. Frantically, factories reopened, sending utilization rates upwards of 60%, almost doubling from the Jan-Feb levels. Due to lack of supply, prices for chips, packaging, testing and other services spiked, allowing companies like TSM, UMC, SPIL, ASX, TQNT etc, beat street estimates—due to better than expected margins. For fucks sake, even TXN beat the street.

Since then, the consumer has not disappointed, buying up flat panel lcd’s and smart phones, like they were candy bars.

In short, the rally will continue because inventories need to be restocked. Until we see utilization rates drop, the market will go higher, or sustain current levels.

I repeat: we will not trade lower, unless factory utilization rates head lower from here.

Going with that theory, I am adding to my CDNS position, ahead of earnings, based upon them sucking the tits of TSM.

NOTE: I bought 20,000 CDNS @ $4.75

I bought 20,000 MSO @ $3.62.

Disclaimer: If you buy MSO because of this post, your neighbors will spread demeaning rumors about your manhood. And, you may lose money.

No respite. No mercy.

I have given you plebs fair warning to cover your shorts and play the upside. Some of you, wildly and cantankerously, posted stupid charts in The Peanut Gallery, rationalizing your wrongness. “The Fly” was wrong, with regards to his short positions, three weeks ago. However, thanks to his “calculator brain” and space alien magician ways, he corrected his blunder—allowing him to reacquire all lost coin and more.

See, that’s what I am all about, while you are just some guy with a ruler and a pencil, trying to chart your life into something better. Life will continue to suck for you, sadly enough, because your gene pool is tainted with idiot DNA.

As for today’s trading:

It will be splendorous. The economy retrenched to the tune of 6.1% in Q1 of ’09. However, consumption was up, and that’s all that matters. Everyone knows Jan-Feb was dreadful. People with sense are focusing on the obvious uptick now, dating back to March. The big question: when will the inventory restocking cease? Will the economy continue to reflate and if so, when will the recession end?

Luckily, for the bulls, these questions cannot be answered now. We will have to keep a mindful eye on consumption and factory data, prior to making a determination.

In the meantime, feel free to press the hot blade of upward momentum upon the necks of the stubborn, the destitute. Let us rejoice, via large buy orders of DELL, CROX, ATHR, BRCD, ERX, PCX, SONS, WRES, ARUN, CAVM even LVLT, dammit.

The time for being a loser is over. Go do something productive, else get “Dykstra’d” in short order.

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