Staten Island, Post Hurricane Sandy

I don’t think people realize the magnitude of damage afflicted to Staten Island. I lived there for 8 years and can tell you it is the most neglected borough in the city, despite it having the highest income per capita in NY. Many of the homes that were washed away were upper six figure homes, not shanty houses near the side of the road. These were pristine neighborhoods, all destroyed due to a 13 foot storm surge.

My friend has about $100k in damage to his house, none of which is covered by insurance. FEMA offered him a loan.

Here are some videos to get you up to speed.

http://www.youtube.com/watch?v=pWLxc3ew1zQ

Ok, now how many celebrity sponsored telethons have you seen thus far? We knew about this storm for a week before it hit; why wasn’t FEMA prepared with stockpiles of supplies and manpower to service areas like Staten Island?

The answer is very simple. You no longer live in a first world nation, where the government spends your money appropriately and protects its citizens when they need it. Our focus is to protect our oil assets abroad and to rebuild fucktard power plants on Baghdad and adobe huts, AFTER we blow them up. People like Obama and of his ilk point to a crisis like this and say “see we need FEMA to help fuckers out.” But they don’t mention the hundreds of billions that is being wasted and misappropriated, corrupt greed ransacking the treasury.

When you can’t police or provide basic necessities for your citizens during a time of duress, you are a third rate nation. Period, end of story.

It was a decent day for the market, with exception to my positions. My largest holding, VHC, continues to bleed out–day in and day out. I am down just 1% on the stock, so I started to liquidate. I understand the trial is going well, and that’s all fine and good. But if the longs (listen to me) can’t hold their ground here, with 38% of the shares sold short, I’m afraid this stock is destined for the trash heap of society.

I’m entitled to change my mind about things, aren’t I? Why aren’t the shorts covering into the verdict? Moreover, why aren’t the longs defending their baby?

Answer: the shareholder base is fickle, like a woman in a fucking shoe store. You can expect me to liquidate more of my position, but not all, during the week.

Surprisingly, my best performing stocks are my biggest losers, DECK and FFIV. And, of course, coal reigns supreme via ANR.

YELP is getting smashed. Should it tick lower, I might buy it back.

Finally, I’m in the process of getting my ship in order (no OSG). To do that, I need to liquidate most of my positions and transition into new ones.

For the day, I was up 0.25%.

Romney= ANR, GS, BX, NOC, NAK

Obama= ESRX, RGR, SWHC, DLTR, GLD

The funny thing about the elections, slated to be performed tomorrow, is that it’s all a parlour trick. The only reason why I am voting for Romney is because I can relate to him more than the community organizer guy. Plus I can’t stand when that fucker tells me to “pay my fair share” and to “eat my peas.” Generally speaking, I despise Obama and everything he ‘allegedly’ stands for. I say ‘allegedly’ because he really doesn’t mean anything that he says. He only says things to curry the favor of his base and to get elected.

Romney Warbucks speaks to my wants and desires. I am in favor of ‘wanton capitalism’ and I want it now. No one eats peas and everyone gets their fair share, by NOT paying their fucking taxes. This whole jingoistic idea that I need to pay more taxes in order to help out the buttfuckers in Detroit is stupidity. The government is a reprehensible organization. Look at the disaster in Staten Island, for example.

I know several people who lost their homes, water rose to 15 feet in some areas, like a fucking river in their living rooms. What has the government done for the good folks from Staten Island? Not much. Most of the heavy lifting is being done by volunteers and charitable organizations.

I guess what I am trying to say is, I am a coal man, always have been, always will be. I take this election to heart for the kind hearted folks from the Appalachia. We all need a little black gold in our lives. Obama is trying to stop the black from spreading, keeping it all for himself. Do not let this happen tomorrow.

Vote for the black tomorrow. Vote for Mitt Romney.

Most websites offer their readers trinkets, selfishly for sale– in an otherwise underhanded way of offering undo/undeserved salutatory praise for ridiculous blogging ‘accomplishments’.

“The Fly” views his blog, as most things in his life, to be nothing more than ornamental decor, in a world filled with gratuitous items. The lot of you are considered to be my great big human fish-tank, reacting in certain ways to a series of phrases and words that I happen to concoct out of the blackness of my heart.

Other financial blogs are stupid, plainly. They carry on about their importance in a world that is more likely to stick their heads on an SEC sponsored spike, than to honour them with a cemetery named after their surname. The entirety of the financial television circuit is filled with cocaine addled, ‘white monkeys’, jockeying to outdo one another in a never-ending rat race for molded cheese.

You serve as fantastic caricatures of everything that is idiotic in finance.

I, on the other hand, offer games, in the form of ‘STOCK MARKET CONTEST’, and will give you a prize of $2,000–to be split amongst two fortunate participants (for the sake of increasing the odds of winship). I offer these games, exclusively, to the gentlemen/ladies of 12631, not because they are better than all of you–but because they are the finest people that I know.

You should know, to become a member of the famed 12631 club, one must be a member of the infamous PPT, a smoked filled room where “The Fly” tells tales of The Devil and where Chuck Bennett disseminates ‘for eyes only’ information.

I’d offer this contest to you, the unwashed–I truly would. However, as luck would have it, the Board of Directors of “The Axiom” strictly prohibited any company funds– from our holding company– to be granted to members of the “D-class”, just prior to embarking out for sea, in an unnamed vessel, for a period of time unknown to me.

Therefore, as you can see, the games shall commence, effectively on 11/12/12 through year end, specifically for the men with the most decorative top hats. All others are free to gaze in amazement, clamoring for a piece of the action in thought only.

Details will be forthcoming inside of 12631 and The PPT.

VHC is suing AAPL for patent infringement, asking for more than $700 million, plus royalties going forward ($6.00+ per iPhone). Admittedly, I’ve been nervous about the trial, especially since VHC is my largest position and if they lose–the stock is likely to be hammered into sawdust.

From what I gather, the trial is going extremely well for VHC (we have spies on the ground). They tar and feathered AAPL’s expert witness, Dr. Kelly, getting him to admit he’s been paid in excess of $6.5 million for his testimonies.

If you are wondering why VHC’s technology is so important, just imagine having to login every 2 minutes, when using your AAPL products.

VHC’s lawyers actually got Dr. Kelly to admit that logging in every 5 minutes would be very burdensome, before revealing that it would require login entry every 2 minutes, effectively making him look like a paid jackass.

The stock has been sucking wind this week because longs are nervous. You can’t blame them, forced to place their financial futures into the hands of a jury is a bit much. However, what’s interested to see is short sellers holding firm into what can be a catastrophic event for them.

Nearly 40% of the shares are sold short and short sellers have unlimited downside. If VHC wins, which is likely, the share price will likely gap higher by 50%–zeroing out a whole generation of overzealous Herb Greenberg groupies.

You have to ask yourself, Mr. Short Seller, are you feeling lucky, punk?

You have to be a magician to make money in this tape. Do not believe the purported exploits of our venerable Twitter “pros” who tell tall tales of success with ease through confidence.

Everything depends on the elections.

Commodities were flung into the fires today, because risk was turned off.

It’s actually a good thing the elections are right around the corner–because this type of trading action is dreadful for sentiment. The election might serve as a ‘clean break’ from the current trend, or exasperate it. Either way, you should have at least 20% of your assets in cash.

Today was a rout, a splash of precious gasoline in the faces of those who were on fire yesterday. More of the same–churned and burned.

There isn’t any momentum, aside from a select handful of banks making incremental moves higher. We are continuing the pattern of yesterday’s losers being today’s winners and vice versa. This chop fest is mincing self directed investors to the point of horror, ahead of an election that is sure to add fuel to the show.

I have no idea how the market will respond to a Romney or Obama victory. All I know is that a Romney win is a victory for the good folks down in West Virginia.

I have a 20% cash position for a specific reason: to buy the blood.

I could very easily lift that amount of over 40% with the sale of one, singular, security. However, it’s become a bit illiquid at the moment, busy dealing with the perplexities of litigation and such. I scored a minor victory with ANR, but that has been offset, AND MORE, by the decline in silver–plaguing the shares of EXK. Nevertheless, I intend to buy more EXK into this decline.

DECK is bouncing for a second day. The winter is coming and it’s going to be very, very cold.

All in all, I am down 0.6% today and hating life. Back in the days of three weeks ago, “The Fly” was on top of the world, throwing champagne parties (no Treu), painting the walls with fossils. Now my walls are lined with shit and I’m drinking a fucking Calvin Cooler.

http://www.youtube.com/watch?v=Ah14jOLKnSs

It was a hard days work–but the coal I mined out from ANR proved to be profitable. Do not think for a second Le Fly diminishes the efforts of coal miners by equating the purchase of equity with actual mining itself. We all know stock brokers are made from the very lowest forms of humanity, conditioned to trick people into unsavory “deals.”

On the other hand, the good people from the Appalachia put the H in Onest. Granted, some of them walk around their small country towns– clad in 100 thread sheets during the night. Nevertheless, coal is where it’s at, fucker; get in the game.

The market is down, back to churning again. Yesterday should have meant ‘break-out’ for bulls. Based on recent history, strong breadth days are sold, leaving the true believers bleeding on the curb, stomped out by cocaine gorillas.

The election of your lifetime is around the corner, might as well prepare for it. I suspect we will be range-bound until King Romney wins or fall on his stupid mormon sword.

Either way, I’m a big buyer of ANR.

As you know by now, “The Fly” left the comforts of his fully powered, food packed pantry, home in the Princeton area of NJ for a coal mine. There is much work to be done inside the mine, long of ANR (no Gartman)– but I am just the man to do it.

ANR is posting earnings tomorrow. Either way, it’s a win win. Should ANR disappoint and the stock plunge, I will become the biggest buyer of coal this world has ever known or seen. If it goes up, yet again, I will buy more.

It’s very simple.

The laws of supply and demand dictate coal will trade higher. Look at BTU’s quarter for evidence of this suspicion.

When King Romney gets elected, I will have my coal liquidity event. Should Obama win, I will buy more coal on the dip, also very simple and concise.

Thank you very much.