Sold $PG

Going to overweight a speculative stock soon.

I sold out of FANG, despite loving the name. It was down 3% from my basis and I have zero tolerance for underperformance. I replaced it by adding to CNQR, which wasn’t a core holding until now.

Aside from that, I nibbled, again, on IFON and am quite pleased by today’s showing, up nearly 1% thanks to JAZZ.

Two weeks ago this blog was seething with pessimists, men clowning about the site in burlap’d clothing attire–screaming at me for being “long and wrong.” Although I was wrong, I made the right decision by staying long and resisting the temptation to go short. My problems are far from solved here. However, the point is this: the crowd is always wrong. Period.

There are very few times, save the social media bubble post FB IPO, when the crowd, the unwashed masses, are ahead of the curve. More often than not, when an opinion is so universal, so absolute, it’s time to go the other way.

Then again, we’re in a roaring bull market and have been since 2009.

Early this morning, on the Twitter and elsewhere on this site, most people are foaming from the mouth to get long again. The church of technical analysis permits this sort of “side-switching” because “the trend is your friend.” This is all inane rabble, as you know. Nonetheless, the market appears to want higher again.

My game plan is to follow the roadmap of 2000. Our bubble blew up last month. Now we will recover and offer false hope to the masses, before the “hammer of certain death and despair” strikes a fatal blow in late August.

By the way: in case you missed this gem, Jon Stewart, America’s only main stream journalist, skewered Tim Geithner in a 45 minute interview last week. Check it out.

What worked last week?

This is taken from the new PPT, currently under development.

1 week returns for industries.

Here are some individual stock winners.
Solar: CSUN, TSL, YGE.
Internet service providers: REDF, TRLA, SIFY
General Entertainment: MMYT, VGGL, PRXI
3-D: DDD, AMAVF, ONVO
Hospitals: CYH, CCM, THC

What’s next? Let’s have a look at some laggards.

Last week a slew of beaten down tech stocks rose by double digits. But what’s down big over the last 3 months and didn’t gap higher by 10% last week? Very simple analysis.

From that list, I am long CNQR.

While I do not agree with the egregious foreign policy decisions our politicians have made for this country over the past 40 years, I am thoroughly grateful for the servicemen who served this country. It’s important that we remember and respect the fallen men who died fighting for the benefit of the rest of us, sitting idly in air conditioned offices, thinking we’re all tough because we bulk up at the gym.

Speaking of servicemen (82nd airborne, Iraq war): former blogger and friend of the site, Rhino, is working on a new project. You should give it a look and mark his progress (it’s still under development).

Have fun eating hot dogs and drinking out from budweiser cans. I’ll be enjoying my birthday, drinking a nice Bordeaux, courtesy of Ragin Cajun.

All of the panic and strife from two weeks ago has withered away, like pixie dust in the wind with the profits of professional short sellers. The stocks that everyone was afraid to own are now ownable, bankable companies, worthy of your attention. Look at FEYE, DWRE and NOW screaming higher.

The good folks over at GOOG have decided that they do not like SALE’s coupons and have prohibited people from finding it on the internet, in favor of COUP’s coupons. While some people might say “that’s punitive, anti-competitive and generally unfair.” I say to them, and anyone else, the internet belongs to Google, so shut up.

Most of my stocks are higher today and I am back on a profitable path, but there is a cost. No longer am I able to toss around millions of dollars into whims, play around like some animal in a field of garbage. I am much more selective now, imposing rules and order to my trading practices. Believe you me, there are so many degenerate stocks that I wish to own now, but I simply cannot afford to buy them. Until I make back 10% from my -32% loss, I am in the proverbial ‘fag box.’ In case you’re wondering, I am still down about 32%, so there’s nothing to get excited about just yet.

HOWEVER, I need  to remind you of the imperial powers of The PPT, flagging  the market to be oversold on 5/15, when the SPY was at $187.4. On that day, I purchased QQQ, as part of my new trading strategy, at $87.4. I will sell it  on the 7th day, which is Tuesday, most likely for a 3-4% profit.

Over the past 12 months, our mean reversion algorithm is 100% accurate, 10-0, over a 10 day hold. Over the lifetime of this algorithm (2008), it clocks in at 85% accurate.

To get ahead in the market, I do not need the holy grail. All I need is an edge. This provides me with that and I’d be remiss if I didn’t take full advantage of the tools god has bestowed upon me.

Amen.

https://www.youtube.com/watch?v=lF7C8NFzAGQ

Or as Mrs. Fly likes to call it: “frack-a-ling.”

There isn’t anything more pleasing to me than to see tap water being able to combust, blowing up houses, sending people far away from their yards because, well, it’s a toxic wasteland.

Ladies and Gentlemen,

This is the price for progress. Do you want to continue buying oil from terrorists who are jealous of our surveilled freedoms? Or how about sucking off of the maple tits of those bastard Canadians from up north? You and I can both agree that both parties deserve a good nuclear war, or two.

My point is this:

US rig count is going higher, thanks to horizontal drilling. With increased fracking comes the burden of needing sand for said holes. This is a finite resource and SLCA is the main supplier. They have that crack rock for your frack.

On that note, I added to my energy holdings (FANG) and bought SLCA–for the win, of course. There are several other plays in the field, all of which were discussed by distinguished gentlemen inside of The PPT. We do not discuss serious matters of money with the readers on the free site. Membership does have its privileges.

Aside from that, I bought more ANGI and a little more HBI. I also sold out of WCC and find myself up 0.8% at the time of this post.

From: J.B. BILDERBERG
Subject: 2013 Bohemian Grotto Economic Summit, Federal Reserve Bank of New York, Financial District, Manhattan
Date: December 31, 2013
Classification: Controlled/Restricted/Need-to-Know/Eyes-Only

Greetings,

Since addressing the delegation assembly in Tunisia last month, I’m pleased to report that the firm’s influence over global event vectors has strengthened:

Seizing upon opportunities linked to the unfolding Crimean Crisis, the firm increased its share of the world’s cryptocurrency supply from 80.7% to 81.1% of global units outstanding.

Within our capital markets division, the smart-beta-indexed inflation trading desk outperformed its benchmark. And despite increased public outrage and diminishing returns, our latency arbitrage desks delivered consistent profits yet again, boasting only one losing day in the trailing 36 months.

Our web presence remains a paragon of intense cyber victory. Sixteen of our seventeen SaaS portfolio companies have obtained mezzanine financing; four of which are scheduled to IPO on the NASDAQ next month. And our combined mobile reach now extends to over 2.3 billion app installs.

2013 was a good year for the firm. 2014 will be great.

-J.B. Bilderberg

Some of these dead IPOs have been crawling out of their graves, running about town, eating brains. I endeavor to anticipate the next zombie. Here are some ideas.

DRNA
FEYE
CRCM
LITB
PTCT
NMBL
MGNX
BNFT
ECOM
WIX
RNG

There will be a monster winner or two from the above list.

Today we climbed the wall of worry. Stocks like YY, SOL and GOGO took off like rocket ships. In the past, I’d use today’s enthusiasm to press longs. But, we are in the different tape. There will be overhead resistance for a lot of these garbage stocks.

Buy growth…but with earnings. Companies like JAZZ, GILD and FANG flush with cash and earnings.

Feel free to reserve 20% of your assets for the YELPs and XONs of the world. Remain strong enough to say no to the naked prostitute lying there on your bed, for she has aids.

I have meetings this afternoon and I wish you well.