Fly Buy: BTU

I bought 1,000 [[BTU]] @ $73.85.

Disclaimer: If you buy BTU because of this post, “peak oil” will come to fruition, within months. And, you may lose money.

I bought 5,000 [[CTSH]] @ $35 and 2,000 [[SAY]] @ $28.75.

Disclaimer: If you buy the above stocks because of this post, you will be deported to India. And, you may lose money.

NOTE: As predicted yesterday, all of the Indian IT companies are running. Check [[INFY]], [[IGTE]], [[KNXA]], [[WIT]] and [[WNS]] for possible movers.

The price action in [[KOL]] is just insane. Now, it remains to be seen if a Democratic White House will stand for such “coal action.” However, for now, these fuckers are running like “medically enhanced” sprinters.

RC already alerted you to mining play [[JOYG]]. Their competitor, [[BUCY]], is smoking too, and looks as if it has room to the upside.

Some of the leaders include:

BTU, ANR, MEE, FCL, ACI, CNX, WLT and PCX.

Some of the more spec plays include:

JRCC, WLB, ICO and NCOC.

Across the board, energy related names are outperforming, led by big dicked gains in [[PVA]], [[GMXR]] and [[HK]].

Some of the oil field equipment companies are making minced meat out of the bears, in particular [[NOV]]and [[WFT]].

Some new names that caught my eye include [[HLX]] and [[NR]].

NOTE: All of the solar burrito stocks are razing the bears too.

[youtube:http://www.youtube.com/watch?v=e3WTOm21qaY&feature=related 450 300]

He demonstrates how [[JPM]] keeps beating Wall Street estimates.

I covered some of my [[FED]] short, buying 5,000 @ $14.85.

I bought 1,000 [[VSE]] @ $6.76. And, I bought 1,000 [[FTK]] @ $17.

Disclaimer: If you buy VSE or FTK because of this post, your local grocery store will run out of corn. And, you may lose money.

I just got back from 4 o’clock. The market will trade lower today.

You’re welcome.

Fly wins again, in advance.

I sold short 2,000 [[CHL]] @ $73.80.

Disclaimer: If you short CHL because of this post, when China conquers the U.S., they will find you and dispatch you to a work camp, where you will mine coal. And, you may lose money.

This is what investing is all about. What the fuck am I talking about, you query?

It’s all about waiting around for category 5 ‘canes of destruction, then banking coin off it. Naturally, your knee-jerk reaction is to be appalled by such jargon. Quite frankly, I’m beside myself writing it.

However, I will tell you, those fucking hurricanes are good times, for us New Yorkers. As you know, during hurricane season, which officially kicks off in a couple, “The Fly” is your resident meteorologist up in this bitch. Readily, I make wild predictions, backed up by weather patterns and I reference history (aka old propaganda) as a guideline to find potential “money makers.”

Just know, the Godly folks at iBC have a presence down in the “funhouse of hurricanes.” Upon danger, I will have Ragin Cajun choppered out of his local swampland and scurried along to safety, so don’t worry.

In all seriousness, as opposed to joking and offending, I am ready to start buying natural gas stocks, with great vigor. Typically, I just go long 500,000 shares of [[NGAS]] around this time of the year. However, that company is gayer than a 3 legged statue of Liberace.

Instead, I might go with [[SWN]], [[TXCO]], [[GLF]] or [[GLBL]], amongst others.

By the way, I view the earnings miss at [[JCG]] as a very serious hit to the retailers. JCG is best in space, run by a genius. For them to miss and warn must mean everyone is poor. Quite alarming.

Energy stocks are rebounding today, after yesterday’s panic. I am looking for a reversal in [[RIG]]. There can be 5 points to be had there, short term.

The banks are weak again. What can I say? People hate them.

Until proven wrong, I’ll stick with my long energy/short banks investment approach. However, it’s worth noting, at the present, I do not have any bank shorts, with exception to the jackasses at [[FED]].

I’m not a fan of the farmer. Never have been, never will be.

Fuck the farmer and his bushels of corn.