GET ME THAT MAN’S NAME

Some analyst, obviously an Obama supporter, had the audacity to downgrade ACI this morning, even though Romney is up 4 in the polls and iron ore demand is on the rise. Clearly this beast of a man is working against your better interests. He’s trying to “vampire squid” the money from your portfolios so that his employer can finance greek junk bonds or malicious short sales against their own clients!

To downgrade coal here, ahead of the elections, is terrifically retarded.

I’d like you to get me this man’s name and bring it to me, so that I can award him an Asshat of the Week Award.

“The Fly” is generous in all things, liberal with money and opinion. However, when it comes to kindness towards men who are working against my interests, I am a miser of historical proportions. I will levy and tax, then levy again, until you’ve been washed out.

Coal, especially ANR, will be bought ahead of the elections, because its destiny is etched in higher equity valuations.

http://www.youtube.com/watch?v=Zoi4bZcNuGk

The professional money management apparatus likes to profess “low-risk” investments, while promoting fraudulent ipo’s–like FB, ZNGA, LOCK and GRPN. They tell you to “cut losses” quickly and “allocate assets broadly”–and to leave a little room for a social media secondary or two.

My greatest attribute is my willingness to be wrong. I am not scared of losses and often embrace 10% pullbacks, in order to buy more. Case in point: I recently sold out of my NFLX position that was worth millions because it was down nearly 10%. Typically at -10%, I make a decision: double down or cut losses. NFLX wasn’t central to my planning, so I sold. But the general principle remains constant: it fell in my boundaries of a big dicked average down. Had I done that, I’d be up 17 points in a week.

I’ll catch the next one.

The point here is this, very simply: ignore the bastards who always tell you to “be safe” and be willing to risk capital instead, especially if you’re young and reckless. Naturally, this advice is tailor made for people with high incomes only. Should you find yourself with 90% of your savings in stocks, living in a housing tenement, fully dependent upon a meager fixed income: ignore this post and go eat some pork roast and cheese.

“The Fly” is back to losing money again, getting my “loss on”, discussing such matters in a distinctly black accent (no Obama). By the way, who the fuck is Craig Hallum and why does that firm matter with regards to VHC? The stock is getting drilled because an analyst left the fucking firm? Excuse me but that sounds like bullshit.

Herb Greenberg loves to shit on VHC. I’m mostly out of the stock, having sold 95% of my position north of $28. I don’t feel like buying back in for two reasons.

1. Herb is rarely wrong on his short ideas.

2. I don’t like being a plaintiff, waiting for some fucking lawsuit to determine the fate of my investment dollars.

I like the story and respect the people who have held for so long. But frankly, it’s a bit convoluted for me and I’d rather not be involved at this time.

I have enough issues, such as 4-D losses in my fucking 3-D stock, DDD. Also, the chicken has gone bad, via PPC. And I’m generally half way retarded, wheeled chaired up, in a number of stocks, save ULTA, KIRK, OSG, ANR and APKT.

I’m just waiting this cocksucker out until the mystical magical powers that be slap the shit out of shorts, sending my shit higher.

“Clean coal” will be all the rage once Romney gets in. As you know, Obama is an oil man, subject of middle eastern oil magnates. On the other hand, Romney is beholden to the good folks from the Appalachia, the West Virginians mining for black coal as dark as the night.

Plainly, the American coal industry is under siege from the EPA. A Romney victory will spell instant share price appreciation. The better Romney does in the polls, the higher shares of ANR, ACI, BTU, CLF, WLT and JRCC will go.

Long shot dice rolls, like NAK, might do well too.

Back in 2000, I got long a variety of military stocks because I thought George Bush would be elected President. I made money. Back in 2008, I went long “green stocks” because I felt Obama would get elected. I made money. Now I am long coal and “fuck the EPA” via NAK and ANR, because I feel Romney has a shot to win.

These are trades, gentlemen, not investments. Once the hype dies down, they will be dogs again. In the meantime, use the news to your advantage and play the sentiment.

NFLX is making me sick. Once again, a former position of mine is gapping higher. Also, have a look at MDRX. I identified it to be cheap at $9. Just buy all gap downs, with blind fury (if there is such a thing). Have your broker issue shares and put them into your vaults. Providing you live inside of a housing tenement, take said certs and put them into a safety deposit box, in order to keep them safe from the burglars who venture into your apartments when you are at “work.”

FFIV is annoying me, only because it’s going down after I purchased it. Howsoever, as sure as I am sitting here, it shall rise again. The month of October is a sublime one for FFIV, as well as GPS, KMP and many others.

My point to you is this, very simply: make your bed, through the explicit purchase of a portfolio of stocks, and sleep in it by holding said stocks. Do not trouble yourselves with corrections or the specter, mind you, of losing money. Such thinking is tomfoolery. This is a one way street gentlemen. Should you find your goat-fucking asses going down the wrong way, you’re going to end up bankrupted and with tires running over your faces, sort of like this:

Most brokers making between 100k-300k per year are flat broke. The ironic part about the field of “professional money management” is the irresponsibility of the stewards themselves. Whenever I pass by a brokerage firm, even in the most remote area, I can easily identify who’s a broker and who’s a regular office stiff. Brokers, for the most part, are professional gamblers/huckster salesmen, preying on the weak to make a buck.

I’ve always despised the sales aspect of the business because it is low brow. Nonetheless, if you aren’t blessed with wealthy friends and family, you need to make those cold, hard, calls–to total strangers who hate you.

Back in the old days, I’d go to work at 4am to call overseas, just to mix it up a bit. We’d call everywhere from London to Israel. Some of my larger clients were from the stupid island of Australia. If done with integrity and skill, sales calls can be very rewarding, until you remember how low brow it truly is.

I know there are a lot of young punks, who are fresh in the business, reading this blog for tips. Go fuck yourselves, rookies. “The Fly” isn’t here to provide you with tips. Work hard and be original and maybe you can make enough money to raise a family with comfort.

Everyone is tossing ideas out for the week ahead, not me. I don’t have a clue where the market is heading next week. I’ll cross that bridge when I get there. Just know, there is nothing in my way from unmitigated and continuous winship but time. Whether I bank my coin now or tomorrow is immaterial, for it is coming, just like the brisk breeze of the winter winds and your eventual demise under my sharp ax.

Well, the faux jobs report, as some are calling it, has led to a stiff sell-off. I’m going to refrain from displaying any semblance of emotion and remind you that all sell-offs are opportunities, mind you, to buy back in. Nothing has changed and counterfeit money is still out there, waiting to bid up stocks.

At the moment, I am down about 1%. I don’t feel great about my positions, since most of them are designed to be trades. I have little conviction in most of them, which is fine on a short term basis. However, longer term, I can’t own a bunch of high-risk, high-beta, plays and expect to live comfortably without fear.

I’ve designed a fairly good system for investing, one that entails low risk, moderate reward. I keep tight leashes on most of my positions and book profits fast, unless the idea is something I feel passionate about, like former positions in MVIS, FTK, WNR, YELP etc. Every once in awhile a light bulb goes off and I know there is money to be made. Understand something, I don’t think money will be made, I know.

I’d be telling you tall tales if I said “I know stocks are going higher from here.” I’ve defaulted to a long only bias only due to recent history. Plainly, I have no fucking idea what the market will do next week. According to The PPT, we are overdue a 1-3% correction. Not a big deal.

In summary, don’t panic, this is normal. Eventually the market trades up, so go eat a few sandwiches, guzzle down some vintage wine, and unwind.

After my KMB sale, I am 15% cash, a meaningful amount in a very bullish tape. I’ve been saying this for awhile now: we’re due for a rest. Our algos were flagging OVERSOLD signals for a number of inverse ETFs yesterday. Here is the data.

DOG (6 mo algo)

DOG (12 mo algo)

And it is signaling the decline in the dollar is about to stop, which bodes poorly for risk.

UDN

If that’s the case, why am I 85% long and why did I buy ANR yesterday? In short, because I could. I do not cede my decisions to a computer. I use both data and intuition to make decisions. There is a reason why quants blow up. It’s because they forget how to think for themselves. I outsource much of the grunt work of combing through numbers to The PPT. But when it comes to the art of investing, it’s all me.

Still, I may lose money on ANR and I might end up regretting being 85% long at the top end of the range. But I am pushing the envelope. How else am I supposed to make triple digit returns, as promised in this year of generosity, if I am not willing to lose a little to make a lot?

Jack Welch, former CEO of GE, accused Obama of manipulating the jobs numbers today. I don’t know. What do you think? Does the white house really have control of economic statistics?

Lastly, today is the one year anniversary of the passing of Steve Jobs. Say what you want about his personality, but he will be missed. As a small business owner and big thinker, even bigger dreamer, I have nothing but respect and admiration for what Steve accomplished during his time here with miscreants.

Obama could not answer any of Romney’s charges because he didn’t have his teleprompter. But he was able to jerk the employment numbers today, effectively pancaking the unemployment rate to 7.8%. It’s so funny how everything is viewed cynically and accepted as “part of the game.” Perhaps I am being a bit too harsh on the Big O. After all, I’ve prospered during his administration and I really, really like his Federal Reserve chief.

Futures are way up and the fucktards who are long 7 stocks and short 8 are going to watch me bank coin again.

ULTA for the $100 roll.

OSG for stiff boat drinks.

Thank me later.