Bears Lost, Even Though They Won

This was a very strong close, on a day when the bulls should have been routed. I changed my mind and bought some DMND for a squeeze, leaving me with a cash position of 35%.

http://www.youtube.com/watch?v=H4RgFcFRtDo

I am putting my nuts on the table for this one.

I bought DMND.

Let’s review, shall we?

We’ve enjoyed a terrific run, but Europe closed at 5 week lows.

Spanish and Italian yields are 7% and 6% respectively, aka “too high.”

The euro is hitting new lows, down in the $1.22 area.

Global growth has been stinted by the ongoing European crisis.

If you are like me, up near annual highs, despite the global doom, consider yourself fortunate and treat yourself to a vacation. You don’t have to travel to some island, dining on near-extinct animals and enjoying lavish gratuities. Sell out of your shit and take a break. The market is in the process of figuring out if it should give it all back, AND MORE, or run higher based upon the prospect of counterfeit money.

I will not pull any punches with you. As a matter of fact, I’m more inclined to offer you a full-sized punch to the nose, than care about your plights. However, since we are in this together, I will tell you what you need to be told.

TODAY IS NOT THE DAY. You shouldn’t buy this dip, for another one might be lurking around the proverbial corner.

I am in sell mode and will likely push my cash position to upwards of 50% by the end of the day. I do not care about missing out because I have already won. Therefore, I deem is paramount above all other things to preserve my gains until an easier trade arises.

A milquetoast jobs report was exactly what the bearshitter ordered. As a result, markets are in plunge mode. I am not sure these numbers were weak enough to warrant any Fed action. Better late than never: now is a good time to step aside and watch the carnivale clowns throw fire bombs at each other.

Do I really need to be stock specific?

My 25% cash position will be bigger by the end of the day. I don’t have time to fuck around with bullshit and would rather cut my own head off than manage money through another swoon.

UPDATE: I sold out of CMI, bringing my cash position to 40%.

UPDATE II: The market is too oversold to short, so I will do nothing.

UPDATE III: This is why I am not shorting.

The PPT Algos flagging OS on QLD.

Tomorrow is a big day for Glove-Mitt Romney to fuck with Barax 0bama. The monthly jobs report is due and it is sure to disappoint, as is the custom. However, a bad number will make stocks go higher, much higher. Right now we’re running on virtual cash (no #timestamp); and if the numbers are too strong, I suspect Bernanke will need to bacdafucup off the US economy.

The worst case scenario is a number that is in-line with expectations; no one wants that shit. We need a really fucked up, abysmal, greater depression, type of number to get the cocaine party started. Let’s say the numbers are gorilla strong. Under a “gorilla strong” number, the market will fall under bricks of sell orders; because we don’t want that shit. It will pop, but then get sold-the-fuck-off.

We need to unwind a bit, moonlighting under the roaming splendour that is POMO.

You’ve been dispatched from the field and now you’re on the run. Your army of interns have tucked tail and fled for the safety of churches. However, just know, Le Fly doesn’t believe in the sanctimony of buildings and will burn your skeletons into dust inside of them.

I ended up selling 50% of my YELP position, greatly reducing my position to avoid making the same mistake twice. Also, I sold out of ALK for a small profit, being that jet fuel cracks are on the rise again. I started a large position in JCP, investing alongside some pretty large funds, like Pershing Square. The stock has been cut in half and my algos say it’s time to go up, based upon a 91% accuracy track record.

At the end of the day, I am +25% for the year, with 25% of my assets in cash. You can’t fuck with me: I will burn your dwelling down to the basement.

I was tempted to buy VMI and LNN, but prefer to own both lower. Also, I was “this close” to buying DECK and GMCR, but remembered that both companies sucked. I am not disillusioned to the facts on the ground, all which appear to be grotesque in nature. Italian and Spanish markets were flummoxed today, as yields spiked and the euro trashed. Yet, American markets stepped up with swagger, eliminating any doubts that we hold the crown, with Federal Reserve sword and shield in hand.

We are due for a little pull-back; but I am so far ahead, I am opting to push the envelop, as much as can be with a 25% cash position. The giant trade has been accomplished and everything from hereon-forth is 100% greed. I will have you know, “The Fly’s” greed is unparalleled in all realms, only comparable to his unstinting generosity.

I started a position in JCP.

The market doesn’t want to go down. There is a bid in this market and I don’t know where it’s coming from. Needless to say, it’s foolish to bet against stocks here, unless you have a catalyst. The momentum is to the upside and the shorts are broke and dickless.

I’ve taken it upon myself to acquire more shares of RBCN, because I want to bear witness to a short squeeze. You fuckers will all pay the heavy price of betting against me, in due time. For now, revel in the familiarity of the winship that is Senor Tropicana. The sun is beaming and the temperature is rising. I wouldn’t be out of place by saying “my hand is on fire right now”, would I?

Coasting into the close, I like CMI, RBCN, ALK and MOS.

I added to my RBCN position.

Come get it today. You fucking clowns were talking a lot of shit about my YELP position. Who’s laughing now?

For the sake of sanity, I trimmed my YELP position by 25%, all market orders, taken in like a fucking champ. The only reason why I sold is because the stock was almost 50% of my book. Even by my standards, that’s a bit much. But understand something, pal, YELP isn’t done going higher. I teach you these lessons because they need to be taught.

All of my blogging peers out there are pussies, afraid to spill hot coffee on your faces. Always know, “The Fly” doesn’t have an issue with throwing scalding hot coffee into your “fucked-faces.”

Moving on, I am not sure if I like the market here or not. The YELP win is clouding my judgement, truth be told. I am long large amounts of CMI, ALK, EXK, MOS, CPST and RBCN. I “feel” they all trade higher.

I want to get more ag, in light of the fucked situation of the farmers of America. Fuck their crops. Le Fly has three years worth of dried food reserves, just in case.