Weekend Ideas Should Be Compiled Here

I am looking for good ideas. I have a lot of up positions and am very liquid. So, if you throw me a good stock, I might just make it worth your while.

Criteria: I want trash, low float, low market cap, about to bust loose, preferably with big short position. PPT members can post screens in the comments section. If you’re not taking this off time to do research for next week, you have no right managing money.

This is high season for speculation. Everyone is a perverted circle jerker, clamoring for the next pick. We all need new patio furniture and a 2014 Benz. There is nothing that can hold stocks down.

Let me run through some back of the envelope numbers for you, as we enter the “multiple expansion” phase of this rally.

-72% of companies in the SPY beat earnings expectations.

-Earnings for 2014 are expected to come in around $123.

-The median PE multiple for the past 30 years is around 15x.

-Assuming companies will meet expectations and not smash them, the SPY should trade up to a minimum of 1,845.

-Considering the zero interest rate policy and assumed economic recovery, led by housing, including the fact that $123 in earnings is too low of a number, let’s assume the market trades up to 16x eps.

With all that said, based upon historical precedent, the market has another 17% of potential upside before the year ends–effectively putting the Dow at around 18,000.

The gimp is out and he is playing.

Top picks: YGE, FRO,  ARG

UPDATE: I bought JIVE–because it’s going higher.

I started a position in YGE– the cheapest solar stock on the planet.

I sold out of VHC for a 3% ding.

For now, the proceeds will remain in cash. However, I am tempted to buy a certain solar name with them.

I started a new position in MT.

I booked profits on JRCC.

You homosexual wildlings to the north of the wall are in for trouble. All of you stupid tar sands and forests are depreciating in value, not to mention the ridiculousness of your gold mines.  Since you make nothing but maple syrup and axes to chop down trees, I reckon you’re in for a very rude awakening. I imagine this sort of awakening would happen while you’re asleep and look a little something like this.

It was just reported that the Canadian inflation rate slooowed, like a glass of molasses, to an annual rate of 0.4%. Very soon you will have no choice but to endure the horrors and tragedy of deflation.

Your currency shall perish and so shall industry.

On the other hand, down in King’s Landing, things are going swimmingly. The country is very powerful and our natural gas fields are the envy of the world.

In other news, it appears my JRCC trade has revived. Do you know why I am still in the name, after declaring it to be a “dead trade”?

The answer is very simple: I am able to, mind you, hold my butter–because of the fact that my gains are outsized. I have the luxury of holding losers and waiting, even averaging down, because I have conviction–beliefs.

Do you?

The Devil is in my ear all day, telling me “imminent market reversals are in order.’ As he tells me this, I eat potato chips. The crunching of the chips enables me to ignore him–because I can hardly make out what he’s saying.

Putting my positions aside, I am looking for new ideas, always. There’s a homerun out there for the picking. We must work diligently to scour every corner of the market.

Here are my top 10 short squeeze plays for tomorrow. Naturally, this changes the moment the market opens.

HCI
PKT
IRG
IDIX
FRO
BDBD
SUPN
FOLD
INFN

There are a few hundred names that still look good. But, as of right now, these look most tradable to me.

NOTE: The free trials for The PPT and 12631 have ended, officially. We gave you an extra trading session. I hope you enjoyed your stay, being part of the club has its privileges.

I was up almost 3% this morning. Now I am closing in on the flat-line. If history is of any use, we are about to reverse lower and the market is going to decapitate me.

I’ve been tempted to buy JIVE, BPI and SUPN all day. Instead, I’ve watched them outperform, as my portfolio of toppiness, well, topped out. I’ve also been tempted to buy VXX; but that’s just revenge trading on my behalf, as I am still pissed off for losing money on it for 3 years in a row.

Perhaps The Devil is right and we’re topping out. He’s short the indices and GS, paired with some of the most illiquid/annoying longs known to mankind. I just can’t get myself to buy CLIR upwards of $5.

Today’s tape really pissed me off. If I started off the day down, I could easily accept it. But to be up 3% then get swallowed whole by a shark, like a small piece of shrimp, has me punching holes through the sheetrock today.

My one silver lining is MU. I’ll sell the balance of my holdings north of $14.

Let me be clear to all the folks out there playing the FRO, looking to exit on a quick “black power” move to the upside. I couldn’t care less if the stock closed at $3 or $2 today. “The Fly” is in the name for the big turn, which will take a long time. By my accounting (unaudited of course), the company can withstand market conditions, without going back to the market for financing, until 2015. With that in mind, there is ample room for speculators to place bets on the shares turning around from now until then.

If they’re successful in purchasing new fuel efficient ships and day rates pick up, the stock is heading for $10+. Therefore, a person, such as myself, doesn’t amuse himself with the frivolities of a one day spike, burgeoned on by nameless speculators– who are only interested in quick–whore like–profits, promulgated by their proclivity for illegal substances and extra-marital affairs!

“No thank you,” said the gentleman in the top hat, as he declined the services of a great whore, closing the backseat door of his limousine, destined for the theatre.