I HAVE A CRAZY IDEA

How about we don’t lose any money tomorrow? I bet you expected to come here, after seeing the drubbing I received today, and bear witness to a humble Fly, someone without penis, scared of the shadows and the rain. I will have you know, I was born in the rain, molded by it. You merely adopted the rain. I’ve gained over 17 pounds of pure muscle in recent months and intend to use this new found strength to punch holes into the faces of anyone who dares to get in my way.

What art thou speaketh of, you asketh?

My God given right to money, a ridiculously extravagant lifestyle, and above all: WINSHIP.

There isn’t anything here that I haven’t seen before. A few years back, when I was on vacation in Turks and Caicos, the market defecated all over itself, taking a wrecking ball of 30% to my head, face, and then back to my head again. What did I do? I simply made it all back.

NOW IS NOT THE TIME FOR TEPID COWARDICE, mice of men without Johnsons, unable to dodge bullets and return them with the speed of that guy with the sunglasses from Matrix.

This is what I am going to do.

With the money raised today, I am going to delve into debauchery, of the purest form. I will not dilute it with half measured acts. I intend to go all in, AND MORE.

These are the stocks that I am looking to buy, aside from the obvious FEYE, SPLK, IFON,  EGRX, WDAY and ANGI:

It doesn’t get crazier than that.

The second I see an oversold signal inside of the lauded and much appreciate PPT, I am committing myself to a “do or die” approach to the market. I won’t be doing it because I need to, per se. I will do it because it’s the right thing to do, for justice, for capitalism, for the American way.

God bless the United Steaks of America and her 11 aircraft carriers, readying to reduce Putin’s house into a garbage can.

Jesus Christ, how much am I expected to lose before I “go mobile” and start tossing people down idle sewer pipes again? SPLK dropped like 8 on Friday and people thought it wasn’t enough, so they dropped it another 8 today!

God damn you.

Do we even need to discuss FEYE at this point? These stocks are dropping, dramatically (extra homo), ramming in the faces of guys like me, who are just in it for a little fun. I sold out of SALE for a nice, hearty, loss–because I couldn’t take it any longer.

One of my smaller positions, FLXN, granted me a great respite, dropping just 40 cents, after being down $2 intra day. EGRX dropped like a stone, as well as CLIR.

I had some offers out this morning to sell some IFON, at around $4.25. I figured I’d get done on a little, then I’d sashay to my office to pick up some more of that hot, fucking, anvil called FEYE, into the knifing part of the day.

Boy was I wrong. IFON dropped like the business prospects for the catering firm hired to host the g-8 meeting this June.

There is nothing more for me to relay to you, other than pain and hatred. My fortress has been blown to pieces and I will have to rebuild it, once again. This is the part of the cycle when I hate my job again, spoiled rotten rat, upset because I lost a little coin. I’ll delve into a semi-depressed state, brood in the dark over grotesque sized mugs of Earl Grey tea, secluded from the world, self-loathing on a very high level.

All of this started with Yellen’s stupid Fed meeting. She was like a vampire, sucking the confidence from the market, which led to a rout in high multiple stocks. Without free crack money, I suppose, multiple compression is in order.

As you see your positions careening lower, understand, they aren’t done. Take IFON as an example. None of this lollygagging should get in the way of them selling “IFON’s” in South America. However, Joe Schmuck from New Jersey owns 50,000 shares and is getting lit up in his SPLK right now. Therefore, he is gonna sell it, regardless of where the price is.

This is called “forced liquidation” for you punk rookies out there.

The margin clerks are just getting warmed up. The PPT has not flagged oversold and I am guessing we have another leg lower before we can stand on our own, like free men in a world bountiful with cocaine. A good option is to dollar cost in, buying in tiny increments as the market unravels. Even though I feel we trade lower, I might start nibbling at some of my death knells before the day is out.

NOTE: I sold out of MA.

Admittedly, I am losing my mind today, as symbolized by the nonsensical title of this post. I am losing about $100,000 every 10 minutes. Whenever I refresh the screen, I get see my stocks knifing lower, as if rapists were chasing after them (how fortunate for me). So I deiced to INITIATE DEFCON 10 MODE, which is reserved–EXCLUSIVELY (ooh,fancy)–for shovel to the grave markets.

Protect the extremities (penis, heart, brain–in that order)

Assume the worst.

Whatever can go wrong, will.

Stop believing in fairy tales. In the real world, every one dies.

LIVE TO FIGHT ANOTHER DAY.

My first act was to sell, mind you, that fucking bastard SALE and her ugly cousin EZPW. I am through with them. May they go higher for the next 10,000 years without me. With these sales, I am removed from margin and have buying power that can help me defend the stocks I own on the run from rapists.

I might sell more. Or, I might not. Ideally, I’d like to hold onto the crap that is tanking hardest, with a chance to “average in” like a lunatic. Remember, I just did that with FEYE the other day.

The other side of the mountain is always hard, especially when you are skidding down it without pants.

The ping action in the momo names is exactly how I remembered it in 2000. Before I knew it, those bastard devil of stocks were down 50% and I was urinating in my pants, the walls, everywhere. I am tempted to just call it a day, sell everything and really head off to an island where no one could ever reach me. I’d become a sugar cane farmer and no one will ever have known that I was, at one point, Le Fly, blogger extraordinaire, leader of the inter- webs.

There is nothing but terrible in front of me and I wish I could assuage you with calm tales of wisdom. I offer you nothing but frantic lessons in violence today, stark memories of black clouds and fire pits from hell. If you’re looking for something positive, you’ve come to the wrong blogging factory. I have three stocks that represent all that is wrong with the market, with a 4th to match as a bonus: FEYE, SPLK, WDAY and SALE.

Congratulations Le Fly, you’ve managed to position yourself at the very centre of the catastrophe, betting with historical trends and the like, momentum names into a Ben-less market.

God speed. No one shall be spared.

The Home Shopping Network is a disgusting organization. Earlier this morning, I accidentally turned to that channel and I literally couldn’t get off from it. I then pressed “ok” and it asked if I wanted to buy one of their stupid products, which would be added to my cable bill. Seriously? One click shopping via the television? How long has this been happening? I had to turn off the whole cable box, in order to turn on CNBC.

NUS got fined $524k by China for whatever. It’s important for you to understand that the only reason why NUS fell from $150 to $70 was because of fears they’d be banned from China, which comprises more than 30% of sales. Sadly, I sold NUS a short while ago (the story of my life). Nevertheless, the riskiest part of the trade is now over. If this pulls back for reasons beyond my comprehension, I will be a buyer, as I feel the stock heads back to $150 within 6 months or less.

Futures are higher this morning and we’re overdue for a serious minded bounce. Carl Icahn just snatched 3 seats on the HLF board and the bulls are feeling a little energetic this morning.

I was scarred back in 2000, during the dot bomb bubble. So almost every market pullback brings back those memories of being rutted out of the market, unceremoniously, by the forces of liquidity. As a side note to that era, just before the crash, my partner and I were re-negotiating our contracts, which included accelerated payouts and six figure retention bonuses. In other words, they were gonna pay us to keep our jobs, one of the many great things about being a producer on Wall St. However, due to the language of the contract, we stalled and took our time with it. We never did sign that contract, or received the “pay me or I leave money.” I ended up leaving in 2005 for good.

Back to the subject at hand. All of the high fliers are correcting, which is a common characteristic of any market top.

Have a look at some high growth losers, over the past week.

CSLT -26% (IPO)

CMGE -23%

BOFI -18%

YGE -16%

MUX -16%

CRTO -15%

MDXG -15%

HLF -15%

XLRN -14%

NMBL -12%

SCTY -12%

GEOS -11%

WUBA -11%

GWPH -10.5%

SFUN -10%

FEYE -8.5%

This Russian business is nonsense and will pass in time. Any sell off due to The Ukraine should be bought. However, I must admit there is a feeling of distinct vulnerability, now that Benjamin “blunt smoking” Bernanke isn’t at the helm. I wonder what he’s up to these days? Without the Fed, all we have are numbers and Obama, not exactly something to get excited about.

Nonetheless, markets don’t correct during March and April, so you might as well prepare for a quick reversal to the upside–now that the tone is decidedly negative.

Biotech stocks, as an index, were down more than 4% today. The market was up 125 this morning, reversed, and closed at the lows of the session.

This is hell, young prince. Prepare to lose all of you money, AND MORE.

I am staying the course, leveraged into what seems to be an apocalypse.  There are devils all around me, whispering in my ear, trying to get me to lose money. Having EZPW as my largest position has its advantages, in that it’s as boring as a bag of nails.

My other positions are all under 10% in size, a stark contrast to Le Fly of old. Just to paint a vivid picture, in the past, my top holding has equaled more than 20, sometimes 30% of my holdings. In the case of YELP and WNR, it went as high as 40%. I am playing a subtle game, bleeding out slower than usual, still in the game, readying to play my position with precision.

For the day, I was almost exactly flat.

https://www.youtube.com/watch?v=z3uTLHEGm-M

Splunk you!

I love when markets hit new highs and everyone I know is losing money. We all got caught in the cool kid stocks, when in fact: IT’S NERD TIME.

Today’s action is abysmal, thanks in large part of Fed Fischer and his god damned big mouth. But the wheels were turning this way for a while now. We might as well get this over with.

I ran a screen of stocks up more than 10% over the past 6 months, but down 10% over the past two weeks, sporting 20%+ growth rates. Here you will find the heart of the rotation. Have a look.

Aside from this list, we have some new losers today–hot stocks under the knife of Mr. Rotation.

DDD, SCTY, GILD, ICPT, VEEV, BIIB, LL, GWPH, ACAD, QUNR, PWRD, WUBA. I can go on for days.

The fun is over, until it starts again.

https://www.youtube.com/watch?feature=player_detailpage&v=9d3qFZdGnwo#t=178

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