Fly Sell: EXK

I booked profits on EXK.

Had you heeded the Godly advice of The PPT, you would have made coin in about 90% of the OVERSOLD signals, over the past two and a half years. The number of signals is in the dozens and the results have been nothing short of staggering. Going with that theme, you are now cash heavy, considering the OVERBOUGHT signal is in place. However, as told before, the accuracy of the OS is exact and without negotiation, while the OB signal is more of a warning sign. This is the case because we are in a bull market. As time progresses and the United Steaks of America delves into a fucked up post apocalypse society, I am sure the OB’s will be saving the skins of many of you cellar dwellers reading this scripture right now.

Silver has exploded to the upside, depositing coin into my current accounts, via EXK. I am saddened to see TZOO go apeshit to the upside without me. I always knew it would do that. But, I am pleased to be positioned on the other side of the cock-gobblers at Barron’s. After the bell, the CEO of GORO said they are expecting RECORD revenues from operations. Tomorrow should be interesting.

As for me, I shall visit the Smithsonian tomorrow, then venture off into Amish country, PA, where I will blend in with the rest of the mennonites and beat horses to death with whips and create fucked up furniture with me bare hands. Upon buying my furniture, a time bomb will initiate and detonate, once placed inside of your fucking bullshit house.

After all of that shit, I will head back to New York, so that I can spend more money on 3 star rated (Michelin) restaurants with Mrs. Fly.  Oh, in case you were wondering, yes, she dragged me into Pentagon City Mall, where I spent a gratuitous g on a variety of exotic lotions, perfumes and “must have” accessories to accompany a few choice garments. One day “The Fly” will donate all of Mrs. Fly’s belongings to charity, while she is in the shower, much to her decadent chagrin.

I suspect our oligarchs will craft a new debt ceiling deal shortly. On that news, I will sell some more. However, I will not be shorting anything. It gets too convoluted, betting on the market going down and up at the same time. Believe you me, the memories of losing $5 million on that erroneous VXX trade is still fresh in my mind. I’d prefer to sit in cash and wait for a dip, rather than try to play guru with large directional shorts, that are only geared towards the short term.

If you see me buying TZA, it is exclusively in my personal account, where I act like a degenerate.

I like precious metal here; but will sell into debt deal news. I bought GORO because it was being flagged as OVERSOLD on our new 6 mo OS algo in The PPT. Such an algo is not for public consumption yet. The Godly folks at iBC have many irons in the fire, most your dog sized brains cannot fathom or comprehend. Details of my GORO trade are on The PPT blog page, regarding the accuracy of this signal.

I am not selling WNR until earning, so don’t bother asking.

I might sell CLF soon. However, once again, I’d rather wait for a buying climax.

I bought 5,000 GORO under $22.

Disclaimer: Fuck Barron’s

We have every reason to sell off, yet here we are hugging flatline. Because of this, I like the market early on.

My favorites today are silver stocks, with the shiny metal lagging behind in the risk trade. My largest and only silver position is EXK. After all of my sales, EXK is now my 3rd largest equity position.

Additionally, I like VMW as it rolls past $100. It’s sort of a mindless strategy, but one that works continuously: buying stocks as they pierce the $100 threshold. They tend to explode shortly thereafter. Naturally, WNR and CLF are still my top positions. As you can see, they are having a good day.

Bottom line: you can play the short squeezes here, because the pain on the short side is great. They have to cover due to margin liquidations. The longer you press the hot iron on their face, the greater the pain. However, I suggest doing so with a low risk profile, keeping at least 20% of assets in cash. We are due for a retracement, at the very minimum. The last thing you want to do is give back hard fought gains to unchecked greed.

At first glance, DC looks like another shithole, filled with homeless men begging for money. At closer inspection, it is a splendid city with large, spacious avenues, luxurious stores and fine architecture. This all ties in with the impeccable cleanliness that seems to be the culture in DC. I wouldn’t ever live here. However, I’d stop here for a sandwich or two, on my way to finer confines.

The fourth of July festivities were pretty cool, minus the million people that attended, stinking up the place with ape-like body odor. All in all, it was worthwhile, especially the fireworks display—which was fantastic.

Tomorrow, I venture off to see more of this stupid place. As you must understand, my blogging activities will be light; however, I will be with you in spirit. I have no idea when I will head back to NYC, as I am in no rush to go home. I might venture further south to throw eggs at Woodshedder’s house, then plant a Saudi Arabian flag on his mailbox. Or, I might head back towards PA, where I can do all sorts of idiotic things, spend money, and generally waste my time. Ultimately, the market will have to wait for me—not the other way around.

Going into tomorrow, I am 60% cash and mostly cash in my personal/aggressive account. I am long TZA, ETFC, WNR, CLF and VMW, some stock, other calls. And I will buy this market, with great energy, when it dips.

There is nothing, and I mean nothing, redeeming about the dreadful city of Philadelphia. This place is an abomination and should never be compared to NYC, in any way, shape or form. If I was General of NYC, I’d invade this jackass of a city and burn it down to the ground. Actually, a burned down Philly would serve as an upgrade to this shitpile of 18th century shanty-houses.

If any of you midwest cock-blowers want to see a real city, come to NYC or Boston. All other cities in the North East are playgrounds for the zoo animals.

Although the fourth of July doesn’t mean as much to me as it used to, I still like to celebrate the finer things this country has to offer. When you get older, you tend to look at things with a more cynical viewpoint, due to the experience of being burned in the past. Our elected officials have all but destroyed the morale of Americans and have accomplished the difficult task of turning a winner into a loser. We didn’t do it to ourselves. It’s the choices and polices that our government made that led us down the slippery slope we find ourselves sliding now. You shouldn’t feel ashamed about the current state of the country, since you know what needs to be done.

Americans are a great people. Inside of 200 years, we’ve managed to conquer the world and establish a vast empire, one the world has never seen before.

The two party process is a fucking fraud. They like to pit one against the other, D versus R, so that we don’t focus on how they are emptying the treasury for their personal gain. The media in this country is NO DIFFERENT than Chinese controlled state media, where the dickbags on every network suck the cock of Obama, nightly, no matter what he says or does. When Bush was President, there was plenty of criticism, but he was always protected by the other arm of state media, the one that supports the R’s. The genius of the Fox News vs MSNBC crowds is that it fans the flames  and establishes the talking points of D vs R debates. I am sure most are unaware of this clever strategy, all properly financed and supported by the established elite.

They want you to go to the polls, like  fucking sheep, and vote for one of two people to represent your country. The only problem is both candidates are exactly the same, both vacuous in soul and mind. We haven’t been blessed with a great leader in a long, long time. There are plenty of leaders out there, but none stupid enough to run for public office. The machine is well oiled on both sides and isn’t receptive to outsiders trying to muscle in.

Aside from the situation they put us in financially, they’ve ruined our food supply, fucked up the water supply, trashed health care, denigrated U.S. manufacturing capability, allowed U.S. education standards to drop to third world levels, and initiated the greatest transfer of wealth the world has ever seen, from west to east, via oil purchases. If this were another era, one where men had steel in them, pitchforks would be flying at the White House tomorrow, demanding the resignation of every single member of Congress and the executive branch.

Instead, we will all run around the BBQ tomorrow, while watching jackasses play baseball, tossing around jumping jacks– without a care in the world.

We’re dancing in a club that is on fire and we don’t even know it.

There is an old saying that comes to mind, while watching the market burn bears to a cinder: “The Fly” wins all the time, especially when he appears to be losing badly.”

You mustn’t ever worry yourself about the state of affairs of Lord Fly, for he is always several steps ahead of everyone else. Although you read this missive with extreme prejudice and contempt, due to the fact that “this Fly character cannot, must not, be real”, howsoever, I assure you, he is very real indeud.

I did something very extreme today and I am a bit shy to reveal my actions. Nonetheless, going with the “fully transparent” theme of the site, I will tell you: I pared down my WNR position by 50%. Now, now, now, don’t get your panties in a bundle; let me explain. Thanks to my incessant buys, coupled with the recent appreciation in WNR, it constituted 40% of my holdings. The last time I did something so bold was my VXX trade just prior to the flash crash. As you could readily understand, it would be negligent on my behalf to allow my clients to assume that risk for too long a duration. Nevertheless, it is still my largest position and I now have EXTREME fire power to buy shares lower, should they decline.

Additionally, I closed out most of my options in CLF, FCX, while holding firm on VMW. I purchased July 33’s for TZA for fun and go into the July 4th festivities with a 60% cash horde and 11.5% year to date gain. For all intents and purposes, I am closing out q2 at my ALL-TIME HIGH watermark (I have no idea why I am compelled to CAPITALIZE certain letters).

During next week, “The Fly” and family will be traveling, via road, to Philly, DC and a few other places. I will be celebrating the 4th in DC and shall return back to NY next weekend. I will be blogging from the road and quite frankly could not be more pleased with how the market played into my hands, just prior to my mini-vacation.

Over the course of this summer, I intend to travel to La Jolla, Seattle, Vancouver and maybe Hawaii. I’d prefer to be “equity light” and pick away at stocks, instead of going full retard, leveraged to the upside.

Took a floater. Bought some ETFC.

Disclaimer: If you buy ETFC because of this post, you will fall asleep on the beach this weekend and receive 3rd degree burns in the process. And, you may lose money.