Fly Buy: GORO

I added to my GORO position.

Disclaimer: If you buy GORO because of this post, Obama will get reelected. And, you may lose money.

As the necromancers conduct high level sorcery on Wall Street, it’s important that you place your chips where they are immune to such barbarity. For thousands of years, people used gold as money because way back in the days aliens from outerspace made them mine that shit in Africa, in order to fix alien ozone. Since then, the slave races aka humans, coveted gold and used it for trade.

Well, today there is a crisis of confidence in all paper money, due to the fact that the biggest economies are printing too much of it. The books are not balanced and people fear inflation. Hence, the slaves aka us have taken hold of the golden metal again, for safety and security.

There are many stocks for you to choose from. However, my favorites are GSS and GORO. Our resident gold bug, Senator Gint has deserted you for greener pastures. He is up in the mountains playing with blueberry bushes and mosquitoes, while “The Fly” caters to you, gifting you with magnificent advice from the Gods. Always remember that when the going got tough, Master Chef Fly was there to assist you, unlike the Senator (CH).

As an aside, I mentioned in The PPT last week that when ZSL got OVERSOLD it tends to drop hard and fast. Well, the score is still above extreme OS levels. However, if it should drop to 1.17, silver will rip tits to the upside. The track record is 18 down and 0 up for ZSL, when the score is 1.17 or below.

Thus far, I am immune to today’s sell off, as most of my positions are higher. I am delighted to see WNR trade lower, as I intend to buy a great deal soon. I am 50% cash and up 0.25% today, despite a 140 point decline.

The futures are lying to you, indicating a lower open. I have information from the highest sources that necromancers are conducting dark magic scorcery in order to trick people into believing the market is going to trade lower. It is equal to believing in mirages of clean fresh water in the middle of the Sahara, when in fact you are drinking sand and eating scorpions.

I also have it on authority that the entire CDS market is one elaborate hoax, in an effort to deceive people into giving up their companies or countries for pennies on the dollar. It’s the oldest trick in the book, almost as old as the subway chain snatch.

Thus far, my stay in Amish country is as expected. I’ve managed to escape three ambushes and 15 separate and unrelated assaults. There are buggies strewn all over the dirt roads here, including deader than dead horses and goats.

I intend to make coin in the market tomorrow. My year to date gains are in the ballpark of 15-16%. I need to get long refiners before earnings. I am not amused by their lack of pullback and consider my plight equal to running out of oxygen in a space craft near UDFy-38135539. Believe you me, NOT FUN.

Until tomorrow, be well and, as always, try to avoid those murderholes.

Let’s just assume the entire country of China is exactly like their RTO’s, woefully represented in our markets.

This market is so fucking stupid; we’ll likely melt up on American default news. People will say “oh, it’s baked in and now QE3 is all but a foregone conclusion,” then proceed to leverage up on silver stocks. You can’t call yourself a serious man and be short this market. It’s either you are a fucking clown and short, or not giving a fuck about life in general, long on the most horrendous news ever.

You know where I stand.

On the eyes of the Gods, I shall see GORO, GSVC, ANR, VCLK, GSS and CRZO higher. I will play this rally like a harpoon plays weak ass fish.

For the weekend, Mrs. Fly has arranged for more hotel living. I will be venturing out into the heart of PA, in order to make great fun of their way of living. They all drive beaten down Fords and live life, as was intended in the 19th century style. I will teach them what they need to be taught, AND MORE.

To clarify my position on GSVC: it is rather large and I intend to buy more. I feel the stock can go to $24 near term and multiples higher longer term, providing they maintain shrewd investment practices. The wonderful thing about the stock market is the amount of opportunities available on any given day. If you are down in your investments, do not beat yourself up about it. Look at things pragmatically and make wise decisions, instead of emotional ones. I never try to hit home runs; I just fucking hit them.

I like stocks here, despite the cock-gobblers in Congress electing to purposely destroy this country. It’s like we are in a car with a crazed drunk driver, doing 150mph, on the wrong side of a tunnel, frantically laughing along the way. You just have to ask yourself, “how long will this fat nation accept such a mad driver?”

Nevertheless, I bought a lot of VCLK and CRZO today. I like VCLK off the GOOG numbers and CRZO off the HK acquisition. Additionally, I am adding to all of my positions here, until my exposure is up to about half. So I will sit in 50% cash until Congress ruins our credit rating, in order to allocate the rest of my money at that special moment in time.

I still like gold and have now relieved the Great Senator from Kentucky (CH) of his gold throne. Since he is playing with the mosquitos somewhere in the undeveloped Northeast corridor of the United States, he is likely without internet access. In other words, his internet penis has been chopped off and tossed into a garbage compactor. The gold trade is now mine and I like GSS and GORO.

In closing, I feel like buying today, even though we’ve reversed lower and seem to be dive bombing into a factory filled with large samovars containing highly volatile nitroglycerin.

Ask me if I give a fuck.

I started new position in both CRZO and VCLK.

Disclaimer: If you buy the above stocks because of this post, the Congress will elect to default on the debt. And, you may lose money.

There are few characters on Wall Street who I like more than Carl “give me two seats on your board” Icahn. This morning he bid $76.50 for fucking Clorox. I find that so hilarious, as if he knew how to run a large company like CLX. But that’s not the point. We’ve seen Carl evolve from buying up small bullshit companies to fucking Clorox. I hope he wins the bid and fires everyone, just for sport.

Early going, everything is in place for a monster short squeeze. BHP is bidding for HK. Carl is telling CLX to go fuck themselves and GOOG is ripping off heads and bowling with them. I will likely be putting some money to work this morning.

My personal aggressive account has gone through some ups and downs this year, mostly due to the leverage associated with the account. It started the year about 970k, shot up to 1.35mil and plummeted to as low as—brace yourself–450k. The 450k valuation occurred when WNR was sucking wind in the $14’s. I sold some WNR on a slight recovery, but held many shares until the recent spike to $18-20. Coupled with the WNR recovery, I’ve had some triple digit and high double option wins in TZA, VMW and CLF, with minor gains in others.

In addition, I recovered some lost coin in TZOO and more recently in GSVC/GORO. At the present, the account value is about 950k, about flat for the year. This account was 100k last year, so I am still way up. However, most of those gains were in my FTK position, making more than 300% on that stock alone.

I do not recommend that you mirror this type of trading, for it makes no sense in the long term. Just to clarify a few things, regarding options, the account is very small. I do not take more than $25k in exposure at one time. Also, if a position goes against me, I am very quick to sell out, knowing the rapery that is attached to time value depreciation.

Typically, I wouldn’t bother with a micro-cap $55 mill company, like GSVC. However, this little stock is unique in that they are basically a publicly traded VC fund. I fucking love that model, especially while we are in the midst of an ipo boom. Check their portfolio and judge for yourselves.

With GOOG earnings beat, I like VCLK and maybe RLOC for a sympathy bounce. Maybe tech rebounds on these numbers. Either way, I am not a buyer, just yet.

Kind Regards,

Master Chef Fly

Hilarious
[youtube:http://www.youtube.com/watch?v=FzmAEQzZJ5Q&feature=player_embedded 616 500]

[youtube:http://www.youtube.com/watch?v=-fU6VLVbA2A 616 500]

The market is not well. Technology stocks are in the pits and people somewhat apprehensive about the cohesiveness of our government. Because of these headwinds, AND MORE, I’ve opted to sit on the sidelines, for the most part. Even so, I’ve taken the liberties to steal treasure from the hands of JAKEGINT, in an effort to “out-gold” him. Thus far, my largest gold positions are GSS and GORO. It’s worth noting, the great Senator from Kentucky has vast fortunes tied up in the yellow metal, as well as silver. He’s been Mr. Robotico for as long as I know him, delving into miners for sport.

ALL GOOD THINGS MUST COME TO AN END.

Starting several days ago, the iBC Construction and Demolitions Company (IBCCADC) started burrowing tunnels from my residence to his. Granted, we are talking about 650+ miles of tunneling. However, the job must be done. Upon completion, we will empty his stores and transfer it via underground railways to my garage.

Having said that, I am about to venture off for the day, at the urgent requests of a Mrs. Fly. It appears there is something of great urgency plaguing her, which can be remedied at the local shopping centre [sic]. To be honest, as opposed to flat out lying to you, I have nothing better to do. I am 70% cash, long GSVC, GORO, GSS, ANR, as well as a few others, and that’s it. I intend, if I might be so bold, to purchase your margin liquidations.

Should the market dive to 12,000, I will get aggressive. Until then, “The Fly” is all about burrowing tunnels, playing defense and spending money and stupid shit at the fucking mall.

NOTE: If you are not reading The Analyst Bomber by now, you are doing yourself a great disservice. One of my favorite reads anywhere. Sharp as a tack.