YOU DON’T HAVE BALLS

Last year was my sole down year in over a decade. This emboldened my enemies to infinity and beyond (Toy Story). During 2015, I intend to reassert my dominance over the financial blogosphere and wreak havoc upon those of you attempting to compete with iBankCoin. Quit now and save yourselves the aimless palaver of what will end up being ‘fruitless negotiations’ and head back to whence you came–from nothing.

Most of you out there are ordinary loungers, or black hearted criminals, wholly intent on hoodwinking persons about the digital alleyways to offer reverence to your sound financial planning. You are nothing more than a strumpet, a coxcomb, galavanting in a minefield built for men. It won’t take long to rip apart your legs and arms, leaving you with nothing more than a flabby and neglected torso to wait out your days until you die by moronic design.

“The Fly” wishes to spare you of this indignity and will gladly purchase your clown-trap web domain for exactly zero dollars.

You’ll never amount to anything much in this business of risk because you don’t take any. Even the dumbest creatures on the internet understand that to idle oneself at a time of rapid expansion and opportunity equates to dousing oneself with a bottle of petrol and tossing oneself into a lit fireplace.

“The Fly” prides himself of championing the plights of the disenfranchised, bedraggled microbe, and then cordially directing them to annihilate themselves for lack of proper comportment.

Balls aside, if you’re going to compete with me, do so like a gentleman and quit behaving like a scorned woman, desperate and pathetic bitch, absent of the very basic standards that enabled this great nation to rise up from the ashes of Earl Grey tea and asshole/vagabond royal subservience. In other words, go get your balls.

https://www.youtube.com/watch?v=xrhMUXtnUeo

The last time the NASDAQ hit 5,000 was March of 2000, a time of pure hedonism, stupidity and wonder. I was a wee lad, brand new in the business, making money hand over fist. I knew it all and could not be told what to do, for I had cracked the timeless code of the markets and knew how to print money on a daily basis.

I’d go to work, a 20 something punk from Brooklyn, and leverage out my accounts, spend a few hours on the Bloomberg terminal and then print money. None of my family or friends knew how much money I was making; for if I told them, they’d likely attempt to mug me.

It was the best of times until actual centaurs appeared on the NYSE and kicked in the faces of everyone who was buying dot coms, effectively ending the rally, plunging Wall St and the economy into the pits of hell. It took the tragic events of 9/11 to drag us out of the morass we were in, the very worst market in the world.

Well, here we are, 15 years later, encroaching on NASDAQ 5,000 again. This time around we are a little bit smarter, uglier, and experienced. Unlike in 2000, this market isn’t built on fantasy. Corporations are banking immense coin and innovation is just as profound, if not more, than in 2000.

If we were to top out again at 5,000, that would be pure comedy. “The Fly” doesn’t believe in comedy; ergo, we will continue to break necks until the market Gods decide we’ve had enough.

Hugh Hendry, take it away!
https://www.youtube.com/watch?v=o7pVjl4Rrtc

I’m up almost 1% for the day, pushing 10% for the year. The market has been on a crazy man run to the upside, hobo-style. Part of me wants to sell to lock in gains, thinking we’re gonna give it back at some point in this god forsaken year. After all, YNDX was up $1.50 earlier today and now is barely up for the day.

But another part of me wants to press the envelope, hoping to extend gains to the point of madness.

Oil trades like a small cap nasdaq stock and I am grateful that my largest oil position is higher today. I’d like to tell you to heed caution and to know that nothing lasts forever. I’d like to say we are due for a pullback and that the cautious path is the appropriate one. However, I can only say such things if I were drunk, or worse– a fucking moron.

Ladies and gentlemen,

This market is a celebration of life, the human race, and all that goes with it. We’ve struggled and toiled through the centuries to get to this point, a singularity between man and machine. Now that we are here you want to trade gold stocks?

Fucking idiot.

Top pick: AAL

First we give news of peace in the Ukraine. Now we show you the money, with BIG earnings. Next we sue American shit company Google and make them pay us the money. We are Yandex and we give search engine for the internet. Here, look at earnings and see for yourself.

Yandex N.V. reports Q4 (Dec) results, revs in-line; sees Q1 rev +15%  (16.65)

Reports Q4 (Dec) adj. net income per diluted share of ~RUB 12.28 per share, may not be comparable to the Capital IQ Consensus of RUB 12.85; revenues rose 21.4% year/year to RUB 14.67 bln vs the RUB 14.67 bln consensus.

• The current outlook is limited to quarterly guidance because of high level of uncertainty in the current macroeconomic situation.
• “Currently we expect revenue to grow ~15% in Q1 2015.”
• “Although we face challenging economic headwinds, including substantial currency fluctuations, we are managing Yandex for the long term. We will continue to improve monetization, pursue cost efficiencies in our core business and manage our forex exposure, while investing into critical growth areas such as mobile and advertising technologies.”

Not much is on sale, unless you’re delving into the oil and gas space, which is soon to be impaired. But there are some names that have traded off over the past 6 months, all having massive free cash flow in excess of $500 million per annum. I am certain at least one of these names will recover and outperform before the year is through.

WYNN
CAT
SNDK
KOF
RL
BBD
PPC

Pick one.

My initial purchase of SLCA was at around $42. I rode it all the way up to new highs, into the $70’s, only to see it collapse into the dirt and rocks, making a mockery of my patience. It was part of a broader asset allocation model and wasn’t overweight, so there wasn’t a sense of urgency with the name, as it fell. However, before long, that small position started to weigh on my performance. As the shares slid to the low $20’s I began to ponder the meaning of life.

I made a decision to begin a campaign to average in on the shares, bringing the cost basis down to reasonable levels.

I bought some at $25, $26, $27, $28 and $29. I bought the stock about 8 times, all recorded in real time in The PPT. I’ve reduced my cost basis down to the mid- $30’s, a reasonable level in the big scheme of things. During this period of accumulation, I’ve exhibited extreme diligence and patience, something to be expected from a man in my position and caliber. If I could do it all again, however, I’d sell this fucker in the $70’s. Hindsight is always 20/20.

Now I could bulk up on the position here and try to make it profitable on a potential push higher. However, given the recent run in oil, I think the prudent move is to wait for lower prices. If this trades up to $40, I will reduce my position. If it trades back down into the mid-20’s, I will add to it.

It’s never easy wading through shit, bearing witness to great trades turning into losers. But had I given up and sold out in the $20’s, when most did, I wouldn’t be in a position to turn this dog into profit, as I am now.

The market was up today because this is a bulled up market. Join the party or get left behind.

Oil is undergoing an epic short squeeze now. More than that, though, the market is exhibiting new characteristics. It is rewarding momentum, which is a notable departure to the back and forth grind we’ve endured over the past 6 months. If seasonality reigns supreme, during the Forbes 400 billionaire watermark month of February, you want to be long names with heaviest short positions.

My largest oil holding is SLCA, followed by PACD, OXY and FMSA. As you know, I am long AAL as a hedge against oil.

The time has come for the city square to bustle with the severed penises of those who short equities. BEHOLD as the lands turn from green to red, amidst a sea of black.

Part of my once per month purchase program, I added to my HABT position. This is not a swing trade. This is a long term position based around the idea that the 14,000 MCD eateries in America will continue to get picked off by the likes of HABT, SHAK and other burger chains of their ilk.

I also added to my AAL position, further hedging my oil longs in SLCA, PACD, OXY and FMSA.

Since 2008 there have been a number of you hell-bent on discovering the next big short. This is classic human inadequacy, feeble attempts at separating from the pack in order to prove one’s worth. You don’t need to prove anything, lads. Being able to bet against the tide and winning is supposed to be a very low probability trade. Inherently, those who continuously bet on predictably weak outcomes are morons, despite whatever formal education one might have.

Use your investigative skills to find the next MSFT or CRM, if you’re into trying to be different. It always amuses me how people peacock themselves for the dumbest shit. You want to impress someone through the acquisition of personal items via the stock market? Take it from me, there aren’t any short cuts.

I remember when my desk mate, back when I got started in this business, tried to use short cuts. He ended up being arrested at his desk for leading an insider trading ring. He was the nicest guy you’d ever meet. Money tuns people into fucking trolls.

Don’t be a troll.

This is very important shit, so don’t lie.