Barely Up

Over the past two trading sessions, “The Fly” has grossly under performed the indices thanks to a series of “one off” events. My holdings in FRO, IMMR and ANFI have all taken hits, for one reason or another, which has stifled my returns, withholding fortune that is owed to me, by right. Instead of lamenting about it, searching for answers amongst the sands of Wall Street, I patiently wait for the turn.

The turn when jive turkey white men stop holding my FRO down. A day when “HAPTICS” is not only a household term, but something quoted during graduation speeches across the planet. A day when rice becomes so scarce, people will eat rubber and wood in its place.

I long for all of these things. Whether or not they will happen is another story.

In light of the NSA scandal, foreign based internet companies might draw appeal from speculators. I like BIDU, YNDX, YOKU, SOHU and maybe even REDF for a gamble.

I want the rally to begin, even though it isn’t summer yet. I want stocks that are supposed to be in receivership skyrocketing to new highs amidst elaborate expectations. I want the NSA to include killing all short sellers as part of their god given mandate to protect America.

Look people, get worked up all you want about the NSA and the Federal Reserve, pissed off at the beard of Benjamin Bernanke, but you’re never gonna change anything. You’ve lost your balls in the Vietnam war and the plutocracy will behave as they like, do as they feel, to protect their interests. A small pleb, such as yourself, might find his time better spent by scanning for new stocks to buy, taking advantage of the gravy train we know as “the stock exchange.”

As predicted, Japan went suicidal to the upside, breaking the prospective necks of anyone who bet against THE BOJ. Due to this convenient occurrence, I expect to make coin in WETF and MTU today.

My top pick, for the day, is AMBA, based upon the opinions of my urinal shadows.

As an aside, after the monsoon stops in central NJ, I am going to head on over to the local mechanic to have my brakes fixed.

Until then, I’ll be hanging out in The PPT and 12631 trading arenas.

The iBC Community think tank is hereby activated. Post a single idea in the comments section, else be castrated.

My pick for next week is:

AMBA

At this stage in my blogging career, I post for my own amusement, less to impress the plebs who read me. So you know, the brains behind the IT operations, VINCENZO ILLUMINATI, likes to program from the luxury of a wooden chair inside his local Starbucks. Just know, as you read this, he is reading this, feeling incredibly uncomfortable in the process. Who knows what I might say?

Anyway, since he programs in a public arena, other locals tend to see the site’s front page, perhaps quiz Vincenzo as to the contents of the beautiful exterior of our web pages.

Needless to say, when I post headlines and pictures, such as what is posted now, it shuffles him into a state of panic–desperately trying to hide and/or avoid iBankCoin’s front page from fellow Starbucks aficionados.

Today’s jobs numbers were calibrated to castrate the shorts. Bernanke did exactly that. Do not short into a whirlwind of fire, for you’re more likely to be scorched to a cinder, than escape with your mustard. Two of my larger positions, IMMR, FRO, underperformed today–one due to misplaced fears of dilution, the other due to reported weakness at Samsung. In time, both names will recover and reign supreme.

In the meantime, I had work to do. Dutifully, I allocated 55% of my assets this morning, into YELP, WETF, MTU and AMBA. All of my purchases were correct, as I am sitting atop of quick gains. But the rally isn’t done, small plebs, chaps and gents alike. Next week we shall swim into a sea of green perversion, lighting fire to the faces of gawkers along the way. Do not fear what you do not understand; chalk it up to ignorance and have faith in your God, The Federal Reserve.

The Gimp is back.

In case you’re wondering, yes, The PPT did nail the bottom to the exact tick.

I am getting ahead of the curve and positioning for a huge rally in Japan, through purchases of WETF and MTU.

WETF represents the last cog in the wheel, putting me at 100% invested.

NOTE: I also added to my IMMR position, which is now my biggest holding.

I have one more stock on the buy list. After that, I will be fully invested again.

The Bank of Japan is the easiest bank in the world. Big money borrows in yen and then buys assets that are denominated in euros and dollars. Many people attribute the rise in stocks and European bonds (Italy, Spain) thanks to the yen carry trade. However, as of late, the yen has seen material upside and is in fact in an up channel.

Should the yen continue higher, the carry trade will unravel. The canary in the coal mine is FXY, then Italian and Spanish yields.

It’s worth noting the carnage in US REITs, perhaps a direct beneficiary of this yen carry trade. Although the REITs appear to be oversold here, things could get crazy if their shareholders are yen whores.

TLT is lower again, based off the jobs report. Normally I’d say this means stocks are more attractive than bonds. But we don’t want yields to shoot higher too fast. It’s not good for anyone. Having said that, TLT is an interesting long trade here, as it represents stability. If you believe in stability, TLT will bounce here, alleviating higher interest rate concerns. It’s worth mentioning, TLT pays dividends on a monthly basis.

As for gold and silver: they lose in almost every scenario short of a plunge in the dollar.

In short, the yen is the key to almost everything.

Jobs +1750,000

but…

unemployment rate rose from 7.5% to 7.6%.

The Bearded Clam wins again.

Up we go.

It’s not a simple proposition. I need names that can make me 10%+ into a strong market rally, as well as possess decent underpinnings in their fundamentals to warrant further buying, if my original entry points are wrong.

APO
YGE
WBK
KOF
MTU
O
WETF
YELP
HOV

I doubt this list will change, as I am determined to own some or all of these stocks. Indeed, I will act aggressively if they dip further.

Even with 55% cash, I managed to make a decent amount of coin. Net, net, over the past week, I am a loser, however. But that’s the price I am willing to pay to be able to buy cheap stock. My next move is always my greatest and this one will rank at the very top.

I am not buying ahead of the jobs report. It’s gambling at this point and I have no business being in the parlour, when I am perfectly fine in the back of my 1980’s style stretch limo.

Let the dogs and the pigs bite each other’s faces off. We will be there, in the end, to light their bodies on fire and feast (no cannibalism) off their remains.

Top picks: IMMR, ANFI, FRO