Fly Sell / Fly Buy

I sold half of my SODA position and I bought CPST.

“We’re heading lower, fuckface, prepare for the apocalypse.”

I am sure some of your stocks are cheap, based on arcane valuation models. The market is up 25% in a few months and all of the little people are leveraged to the hilt, using this distinguished place of industry as a casino. If I might suggest, they need to be “corrected.” In normal times, the market ebbs, then flows, whilst men of industry work on improving valuation via productivity gains. The problem with today is all ebb, no flow.

We need a correction, else this whole thing is going to blow up badly.

It’s not healthy to have unmitigated, unchecked rallies. Do not leave ignorant comments, asking why  markets are allowed to fall precipitously and not rise indefinitely. Bozo, neither scenarios are valid and if you haven’t been paying attention, the people who bought the large declines got rich.

At any rate, I am stoically cash rich, betting for cheaper prices through macabre musings. On dips, I might go long coal names, as they take supply offline due to poor electricity demand–partly thanks to the lack of snow. Or, I might buy a restaurant or two, with a side order of a good retailer. But I will not chase the market, as I am in a position, up 18% for the year, to wait it out.

Patience.

This evening I attended a super bowl party, whose dress code was the strictest in North America: top hats, white gloves and cane. Even women had to come dressed like the monopoly guy, monocle and all, else get left outside the house like Fred Flintstone. The game went swimmingly and the host was a gentleman, as always. But now it’s time to get back to work– you fucking vagrants–so quit talking about bowls and men in tights.

There is money to be made and it’s gonna be made, believe you me, whether your head is into it or not. Some of you will be reading this tomorrow under the harshest conditions, hung over from your stupidity, poisoned by alcohol. “The Fly” measures his alcohol intake, precisely, in order to know how he might feel the next day. Like stocks, but unlike the vagaries of foolsball, drinking is a science.

“If you aren’t paying attention, you will be left behind.”

In case you didn’t know, Twitter is iBC’s #1 referrer, representing nearly 500,000 click throughs over the past year. This is significant, as it demonstrates the habits of readers. Often times people don’t even visit iBC. Instead, they just wait for the link to present itself via Twitter.

Lazy fucking bastards.

A few years ago, Twitter represented nothing–until a certain Howard Lindzon (truly a singular man!) told me how huge it was going to become. This was back in 2007, when no one even knew about Tweeting. At first, I thought it was fucking retarded, but soon realized how important it was going to become with regards to being relevant in the new socially crazed world we find ourselves webbed in.

At any rate, I wanted to repay some of the websites who have linked to iBC over the past year. Truth be told, we are continuously one of the top trafficked financial sites on the internet, yet we never catch links and we are never talked about. Everyone reads the site, yet find themselves cowering behind their white cloth because I say the words “fuck” and “yourself” in sequence.

Thank you.

StockTwits
Abnormal Returns
Reformed Broker
Dealbook
Kirk Report
MarketRoll

The rest of you third rate bloggers can throw yourselves into a lit fireplace for all I care.

Florid gains offset my aversion to risk, sitting with an old man’s portfolio of 77% cash on this day of decadence, the day America fired cannons into the sky to eliminate the few bears left hiding out in zeppelins. Grandiloquent gains were had in anything related to Facebook today. Names like GSVC, SVVC, HTGC, STVI, ZNGA shot higher. And, social media names tagged along, enriching those who dared to be long names like TUDO, JIVE etc.

One thing is for certain, “The Fly” will be celebrating the gilded era this weekend, amidst bottles of the finest wine and beluga caviar. There will be splendour and then some more. A blizzard of momentum has suffocated and drown out all of the negativity that was broadcasted and strewn across media outlets in 2011. Although I am extremely cautious here, as demonstrated by my old man’s portfolio, my feelings are meaningless. The caprices of others, people much younger and less jaded than I, will do what they like. It is not cowardice to stop eating after a hearty meal; but it is gluttonous to ask for dessert.

All of the stocks that are rising today is what one might call the very lowest of the low. We have boat races taking place between MOTR and MTOR, while chinese burritos stocks make a resurgence as if their accounting scandals never happened. When the market wants higher, it crushes those who oppose it and make fools out of the people who were cautious.

I’ve had my share of hyper bull runs and I used to be ignorant to the prospects of market drawdowns. There was a time, not too long ago, when I would have been 200% leveraged into all of the high fliers, shitting on every person on this planet in the process. But in order to do that, I would have to accept the other side of the blade, whenever it swung back around.

Longevity is often overlooked and in the business of money management the big returns are praised the most. Aside from last year, I’ve enjoyed mondo gains since 2003, making many times my money since then. I endeavor to outperform this year, but will do so on my terms, not off the superfluities of the unwashed, uninformed hack. I will attain triple digit returns in 2012, because I am destined to do so. You can bet against me if you like and you might have fun doing so. But in the end, “The Fly” wins all the time, in voluminous fashion, even when he is losing. The balance of the earth, moon and the stars are tilted in his favour and there is nothing you or your stupid friends can do about it.

Top pick: SODA
[youtube:http://www.youtube.com/watch?v=yY_3sSzPPKI 603 500]

“May I have the eggs benedict with a whole ham and a side order of three pounds of mashed potatoes.”

Okay, I’m not gonna get carried away and suggest we are trading like we did back in the dot com era. That’s cliche already. However, this is simply astounding, surreal; and frankly, I find myself flabbergasted by the intensity of this run. I’m mostly in cash, but up 18.5% for the year, yet I feel like I am somehow missing out.

Do you realize how absurd that is?

This is the beginning of February and if I would have been 100% invested the whole time, without a doubt, I would have been up around 25-30% by now.

What do I know? I am simply a modest man, inside of the time machine, zipping through wormholes in outerspace. The vagaries of my habits have gotten me this far, albeit I am a bit weazened by the trip. Nonetheless, I take solace in the bedevilment of the shorts, always trying to break things with their crooked fingers and triangle shaped heads. Even though I am all but a spectator, a SODA man of sorts, I cheer for many of you like a Father on the sidelines, at his son’s first football game.

I own just two stocks, very simple and to the point: SODA and CPST. They are both advancing and making me money. I could be making significantly more money if I had the gumption to spit in the face of risk-reward, like many of you: but again, I am only a modest man, master of shadows and space-time continuum.

Many of you have emailed me, with questions about how I make money. At first, I discarded such emails as intrusive dross; but then I had a change of heart and decided to show you my methods.

BEHOLD:

What a humiliating close for the bears. You people literally have nothing to hold onto, not even GMCR or SHLD. This shit is out of control to the upside and your guts are now festooned around the horns of the bull on Wall. There is NOTHING that you can say to justify your stubbornness, missing out on this run. This is not an excursion into the psyche of what makes people buy stocks, regardless of negative news flow.

This is about making money.

Either you’re in the game, or you’re the old fucker telling the kids to “get the fuck off the grass.”

Into the bell, heavily shorted stocks trail-blazed higher, such as CX, SFLY, JRCC and YOKU–just to name a few.

As for me, I bought more CPST because I can. And, I ate a granola bar while annoying my wife during an afternoon drive around the neighborhood.

http://www.youtube.com/watch?v=-aAoA2dgasg&feature=related

Look at that SVVC run. The closed end fund owns a piece of Facebook and Yelp and has risen from the dead, with GSVC, thanks to the hype. It should be sold, 1,000 ways till Sunday. Facebook is just 5% of the fund and has little bearing on it, if any at all.

Luckily, I sold out of SFLY right near the highs of the day. The company missed the quarter and generally sucks dick. Instead of staring at the “gift horse” waiting for him to run low on carrots, I took my money and left the stable–nose intact. With some of the proceeds, I bought 300,000 shares of CPST. It’s a speculative earnings play and will satisfy my thirst for adventure, while wallowing here in an amazing 77% cash position.

The refiners are steaming ahead, thanks to crack spreads all but recovering their losses from that idiotic announcement of “pipeline reversals” several months ago. As a matter of fact, the pipeline hasn’t been reversed and it won’t matter when it happens. Gasoline supply is tight and companies like HFC, WNR, DK, MPC and ALJ stand to benefit. I regret not being in the refiners and will buy them aggressively, should they be so kind as to pull back a little.

Other than that, I am here, twiddling my thumbs, plotting to exact deadly strikes with my orbital space cannon (beta). I am shooting out emails and generally unemployed, as I have little to do and no one to report to. With my spare time, I might learn a new language, like chinese, just so that I can talk shit about my neighbors when dining at the local chinese restaurant–conversing with “Joe” the cantonese waiter from hell. He doesn’t like anyone, rightfully so.

At any rate, just know, I intend to buy up your future margin liquidations. You don’t see the seams on the ball spinning, but I do. This is a curve and you’re sitting on dead red. In about two weeks time, all of your annual gains, AND MORE, will be washed away, like intelligence from 0hio. When it happens, I will be there to catch your fall, through the explicit and direct purchases of your forced liquidations.

http://www.youtube.com/watch?v=f1IQicmIiXM

I bought CPST

Locked in 5% gains. I sold SFLY on the advice of my urinal spectre.