MOAR Gains, Despite My Better Judgement

Having kept all of my longer term positions yesterday has enabled me to win, broadly, today. Trading dollars are now catacomb’d in three stocks: SAVE, AGIO and ONCE. The largess of my longer term holdings, positions that I initiated here last year around this time, will not be sold–no matter the market environment.

Markets dropped this morning on fake news of an Iranian flotilla capturing an American cargo ship. Someone must’ve been smoking strong dope before vetting that story. Once it was revealed to be nothing more than child’s play, stocks rebounded, crushing the faces and skulls of those who sold short yesterday.

It’s not easy to trade in a stock pickers market like this, one that rewards pricing and timing, as opposed to gorilla shit luck. Nothing feels better than gorilla shit luck. But we can’t always have our way, right?

WRONG!

You’re not supposed to be doing what you should do, but what you want to do. Do you want to trade stocks for a living and make a gazillion fucking dolores? Well, then, fucking doing and stop bitching about the sale you just blew, the lead you couldn’t close.

You want to read here…close. Do you hear me you fucking faggots?

Apparently, we’re back.

Looking over the market, I am disgusted by the moves in gold, silver and copper. I want no part of it, nor do I want to play solar into earnings. I cannot remember the last time FSLR beat on the top line.

This is what I am doing. I am heeding my own advice and buying the blood: ONCE, down 17% over the past week.

It’s a big name biotech, new issue, with a very fickle shareholder base. I’m in for a trade, nothing more.

I think the market is going to scare some people out soon. Hopefully I am wrong and we can resume throwing eggs (extra CALM) at the bears. In the event I am right, you would be wise to have some cash to buy dips.

During corrections the connundrum of “should I buy dips or strength?” always presents itself. You see the market looking all shitty, and shit, and immediately gravitate towards strength, just like you weak fuckers coming here to read me. You see Fly and his chart and want to grab a hold of him. Well, you know what, fucker? You cannot grab me–because I’m gone.

What you clam-diggers should be doing is looking for bargains when the market corrects and strength when the market is running, not the other way around. Otherwise, you’re gonna miss out on rallies, invested in shit stocks on upswings, and fail to catch sweet inflection points when the market is weak.

I swear to God you motherfuckers don’t do this for real. I can just sense you reading this, scratching your balls, totally devoid of grey matter. Okay, I have to get back to work.

Ciao (the most annoying form of goodbye)

Naturally the title is a double entendre, taking into account the wonton thievery taking place in that God forsaken city.

Bear in mind, the people are going ape after someone that no one knew got killed by the cops, yes? I know, the gross injustice of the white police, conspiring against an up and coming minority prison class, is almost too much to bear. As such, riots ensue and CVS is lit aflame.

This is all exceedingly boolish for the markets.

Let me explain to you why, with a question.

If these people are going ape now, over this, what do you think they will do when all of their money is gone, wiped out by fucked up banks or defunct pension funds? What happens when Bernie Maddoff escapes from prison and clown rapes their 401k plans? Because, whether you know it or not, that’s the end game, mate. There isn’t a “happy middle” with 19 fucking trillion in debt. We either give zero fucks and jack this fucker up to Dow 50,000 or let the whole house of cards fall and permit all major American cities to be torched by an indigenous underclass.

What do you think is the most likely outcome?

The second I saw those motherfuckers smugly talking with their asshole view of the San Francisco Bay, I cobbled sell orders together–panicked to get out. I thought to myself “Fly, these people are going to ruin you with their fancy view. Sell now before a tidal wave wipes them, the fuck, out.”

Much to your chagrin, I sold out before the drop. The NASDAQS were +10 when I sold–insulating me from part of the carnage. Truth be told, the majority of my holdings cannot be liquidated, due to big ass gains and low ass cost basis’.

Listen to me: this too shall pass. But before it does, we need to see a little panic in the faces of those sun-drenched clowns on the San Fran set.

How big is my cash horde? I sold out of all of my trading positions but two: SAVE and the albatross itself AGIO. One cannot avoid all harm, at all times. With today’s sales, I’ve greatly reduced my exposure to equities and put myself in the position to buy up your margin liquidations.

As an industry, biotech is down almost 4% today. With stocks like AERI and CLDN decapitating traders, the sector has taken on a bubonic plague feel to it. I’ll buy more AGIO lower. The best thing for me to do now, up 20% for the year, heavy cash, big balls, is to wait for The PPT, or soon to be Exodus, flag an oversold signal.

There are ways to avoid draw-downs, sectors to buy that are defensive and such. But I don’t have an interest in that. “The Fly” is the market. His mood is directly affected by the buy/sell order flow of the investing hordes. The best thing that I can do for myself now is to block out all of you, cancel out the noise, and avoid being swayed by outside influences.

Fuck. I don’t even feel like telling jokes anymore. I had a good one that I typed into the computers, but then quickly erased it, due to my belief that none of you deserved to ever read it.

Fuck it. I sold out of most of my JNS and SGEN positions, while liquidating all of my TUBE and DSKY nonsense. With these sales, I’ve raised significant cash reserves that can be used to buy dips.

As far as trading positions are concerned, I kept both SAVE and AGIO.

For those of you who’ve been following me for more than 3 months, you know that I have a proclivity to change moods rapidly. Mrs. Fly likes to chalk it up to astrological nonsense. I like to believe my changeable demeanor permits me to outstrip all of you.

I look at the market and this moron on my television and I can’t help but to envision a gigantic tidal wave washing the new CNBC set away. I am very long Apple and content with its gorilla raping ways. However, almost everyone is sucking Tim Cook’s dick now (extra homo) and I don’t like the sound of that sentiment.

Each and every runaway market is coupled with the biggest jackasses the world has ever known. These people are going to be corrected (extra Delbert Grady) and I’ll be damned if I go down with them. Bear in mind, I don’t have anything tangible to point to, other than the incoherent rants to Bluestar. Everything seems to be okay and my money line is at an all-time high. Perhaps it’s old memories rendering in my mind again, like the time when I walked into work only to have a leather strap whipped across my mouth. Or, how about the time I went to the urinal and someone threw a bowling ball at me? That’s the sort of thing I am trying to avoid.

For a moment, I was tempted to sell out of my top 4 positions, raise a bunch of cash, then go smoke my pipe, brooding, hoping for the planet to be stricken by comets. But then I stopped myself, thinking the new CNBC San Fran bureau wasn’t an omen of end of times, but instead the beginning of decadence.

Margin accounts are at record highs, along with the indices. I am here, without a shadow of a doubt, tempting fate to fuck with me.

I am in a car made from dynamite sticks, speeding furiously, heading straight for the sun.

Today is Apple day. What more can I say that hasn’t already been said? Over the summer my neighbors’ teenage son came to me and asked me to buy him AAPL at around $90. He’s now up more than 40 points from his basis. Easy peasy.

My top position is SAVE. It is my way of being bearish, craven and annoyed at the price of crude. The airlines are cash cows and they haven’t budged in 2015, thus far.

In case you’re wondering, the release of Exodus has been delayed until after the close. After all, this is 5 years plus in the making. What’s another day between friends?

As for me, I have several meetings scheduled and lots of ideas to filter through. Early going the market is unimpressive. Don’t be surprised to see a reversal and subsequent thrashing about the face and chest for bull minded zealots.

The iBankCoin tech team is locked in a bunker, left with crumbs of food and water, ordered to tie up the last loose ends before launch. According to the last reports, it could be another 5 hours or so before the system is ready to accept the overwhelming sales volume that is now at our steel doors, hammering with rams, clamoring to get in.

In the meantime, futures are higher and everyone loves the market again. My neighbors are all buying new cars and the Hermes Birkin Bag waiting list now has its own waiting list. Interestingly, these lists will one day be used as a “kill list”, to purge the populace of the greediest amongst us.

The decadence that is being displayed is somewhat comical. Then again, people with money rarely know how to comport themselves.

Some of you have been waiting for a sharp decline and pray to the heavens for monumental destruction to grip the nation. You feel society is deserving to be injured, economically, disgusted by a system that caters to the elite.

Listen to me.

No one wants the system to burn to the ground more than me. I am invested in it. My entire life is on the line; what exactly are you bearshitters betting on? You’re in cash, scared of losing money. I don’t give a shit about losing money. I came from the sidewalk and could survive on tree bark and coconuts. When the system implodes, I intend to lose it all–sitting there, brooding again, watching my fortune burn in the flames of revolution.

After it’s all said and done, “The Fly” will take the position he was born to take, a fucking war lord, leading a band of stark raving mad lunatics to your house to take your dry food stuffs and gold bricks.

See, I’m fatalistic; therefore, I have nothing to lose. As such, I am 100% invested, daring the stock Gods to take what’s rightfully mine.

https://www.youtube.com/watch?v=YdL2XSg-o-w