Fly Buys: NXPI, FSII, CY and GNK

I bought NXPI, FSII, CY and GNK.

NXPI was my largest purchase.

The next Federal Reserve Chairman, Rick “BOSS” Ross
[youtube:http://www.youtube.com/watch?v=PNTavDxvsnI 616 500]

You heard it here first for the 10,000th time: the housing market has bottomed. Actually, I don’t give a shit about making “epic” (NO HOMO) calls like that. I am long DHI and BZH and will be content with making some quick coin, then flip out of those suckers.

I posted my semi buy list inside The PPT. I am close to buying some NXPI. I like their auto exposure. About 30% of their revenues comes from the automobile industry. One of their products is the mobile key chain thingy that lets you lock or unlock doors: yeah, that’s them.

Silver is still on the fence here. Eventually, it will come around and eat the livers of those who short it.

For now, I want to see how the first half hour of trading goes. Although we are higher now, the market is filled with pussies who sell stocks whenever they see their own shadows–like groundhogs.

“The Fly” is never scared because he is supported by powerful urinal shadows and plutonium powered space rockets.

On a final note, I am interested in buying banks, despite widespread reports of global depression.

UPDATE: I sold out of DHI. I didn’t like the action. Still holding BZH.

I am witnessing a lot of bottoming action in tech names, mainly because sentiment is so poor. Unlike the recent drop in commodity shares, many tech names have been depressed for 3-4 months now. They are, without a doubt, pricing in calamity. It my estimation, much of the panic is entirely unwarranted.

Let’s presume number needs to come down a bit. That’s doesn’t mean share prices are set to cascade, fuckface. Take a name like CREE or BRCM. Both of those stocks have priced in China declaring war on France, enslaving the cheese class to a life inside insidious iPAD factories, managed by the brown shirts at FOXCONN. I am real close to buying a basket of tech stocks, focusing on the semis. Additionally, I like the banks here. Call me a gorilla with a long cock, but I think the regionals deserve some investment dollars, particularly in the Southwest region of the U.S.

The Greeks will kick the proverbial can down the road so that their fucking grandkids can foot the bill. That’s what we fucking do here, son. Do not player hate on the can kick, for we have been kicking our own cans, as well as elderly balls, for quite some time now. I have no problem with status quo. In fact, I pray to magical creators in the sky to anoint Mitt Romney our new oligarch leader, so that he could reinstate all sorts of reckless spending habits, buoying the market to 20,000.

If you are looking for a fucking crusader, hellbent on tossing “bad bankers” in buttfuck prison, you’re barking up the wrong tree. Go Disney your childish asses over to DENNINGER or “Zeroledge”, so that you can skydive above live howitzer cannons. I am only interested in banking coin and doing so with extreme prejudice.

For the year, I am up 2.5%. It is not a good number, but much better than the -8% I was donning two weeks ago.

“The Fly” is very much interested in winning, but more so in seeing you lose. The transfer of coin, from you to me, is transpiring as we speak. My mojo is back and I feel a certain sense of victory awaits in the balance. I’ve been doing this long enough to know when to push my bets and when to accept losses.

Fucktards from the interwebs, strange human beings from around the world: you are about to witness a great spectacle, live, as Senor Tropicana takes his lowly single digit gains to double digits– as if he was pulling tomorrow’s newspaper out of his top hat today–in no time at all.

You think the bulls are done pressing their God given rights? Think again, dicksucker. On Jupiter’s stone, your eyes shall be gouged out by the eagle of freedom, as I throw hot slices of pizza at homeless men near Wall Street.

“The Fly” will be spending the 4th of July festivities in DC this year,
from the confort of the best hotel that stupid city has to offer.
After that, I’ll be in Philly and all sorts of assholes cities in Penn. Mind you, the summer festivities have begun at Casa del Fly.

In case you were wondering, yes, I will be throwing jumping jacks at political motherfuckers, from the back of my 1980’s style limo.

For the day, I made lots of money. I am positioned in refiners, homies, steel and tech. Also, I bought UCO today, based upon the mathematical calculations of The PPT. With regards to silver: I told you it was at least a 5 day hold. You bitches have the brains of goats.

At the end of the day, you shall feel the wrath of the bearded clam soon, just in time for national festivities- m80’s in your face jack.

I am too busy to discuss the markets with the likes of you today.

Bearshitters are getting their collective coconuts split open today, as predicted.

I bought UCO and more TZOO.

I added 10,000 shares to my collection.

Indeud.

The Dodgers just filed for bankruptcy protection, validating the concept that paying baseball players exorbitant amounts of money, without having a proper budget in place, is equal to throwing $500 million on black at the roulette table. Actually, paying baseball players large sums of money without a return on said investment is far worse. I find it especially funny how the flagship sports team in California could not outlive the Pittsburgh Pirates. The problem with the Dodgers is the same problem with America, as a whole: we spend lots of money with the hopes that when things turn around, if ever, everything will be okay. Well, what if things suck dick for an extended period of time?

Answer: Dodgers.

As for Canada: fuck you people up there; at least we have postal service. If you’re not from Canada and live the George Bush (the dumb one) lifestyle, Canadian postal workers have been on strike since June 15th. ROFL. That’s some funny shit. Imagine how much mail is backed up right now? Fucking morons.

Futures are flat. I am expecting a little weakness during the opening hour or so. I will make decisions based upon the trading action to come.

Ahead of Jackson Hole (August), fellow fucktards from the internets, are you man enough to sell short here? The debt cloud is thick and there seems to be no hope for Greece, Portugal or Ireland. After they fall, Spain, Italy and the entirety of South America will be next. The effect on equity markets will be catastrophic, which will lead to a tightening of credit that will squeeze corporations and American municipalities.

If I know this, all of the asshats at the IMF and World Bank do too, no?

In my estimation, the only thing that truly derails this market is GDP growth. The cards are definitely stacked against the bull camp. The economy is not weak, per se. I realize many unskilled idiots are without proper employment. Then again, that’s why they are unskilled. If you want to earn a decent living in this country, bring your fucking A game or go home crying on your food stamps debit card. Western economies will still grow by 2% in 2011, despite high unemployment and a fucked up real estate situation. If you look at the Dow 30 components’ forward multiples, they are all low double digits, some high single digits. Understand, this is incredibly cheap, on a historical basis. It’s really, really hard for me to be bearish here, based on the fundies.

Based on momentum, I do not like the recent action in commodities. Over the past three months, most commodities, sans sugar, have been poleaxed. We keep ebbing between hyper inflation and severe deflation. It’s totally and unequivocally retarded the way investors are placing macro-bets. One week bonds dive, the next soar. Sooner or later, the market is going to have to pick a theme. It’s either the Western economies print more to get out of their mess, or accept austerity and sovereign failure, which in turn will lead to currency failure, to some degree.

The choice is pretty simple, when approaching this with logic and without idealism.

What are you going to do?

In other newz, it’s Woodshedder’s 1000th post!

The market always gets clawhammered when I am away. Before heading out, the market was docile and I was vacillating between up and down. At the end of the day, there was an epic rout in refinery related stocks, helping crush me to the tune of 2.5%. It would have been worse, if not for my large position in CLF and 11% cash position. Additionally, two top 5 positions of mine, BGC and CY, were barely down.

June has been a shitty month, just like last year. The key to this market, and I will adhere to the trend, is the June jobs report. Should those numbers come in fucked up, I am bearish on the tape. Until then, my approach will entail long only positions, coupled with large cash positions for buying blood.

Providing the most horrific thing possible does not occur this weekend (as you know, ANYTHING could happen), I will be buying UCO amd EXK, in size. And, I will be putting together my semiconductor buying list for July.

With regards to the refiners: today’s sell off was absurd. 321 spreads are still above $24 and the rip between Brent and WTI is still 15%. People are putting the carriage before the horse on the sector. Selling down HOC by 10%, on no tangible news, is ridiculous. I will be adding to my WNR position on Monday, as I am supremely bullish on the earnings potential.

I’m cutting out soon to attend my son’s graduation ceremony. I see the market sucking dick and all I can think of “it was a good week.” I made more than 10% this week; what more can I ask for? I try to ignore the bullshit, whilst snacking on random items. So what the market is down 100!? Didn’t you know the weekend is coming? Geez, anything can happen, literally. For all we know, 0.15% of the Greek population might take to the streets demanding more free shit.

Look you, I have very little patience for people who think small. I’m not into every tick like I used to. Believe me when I say “people evolve as traders.” I used to be you, but now I’m me. See how that works? Winshippery.

I must say, I’ve been without alcohol or caffeine for 3 weeks now and feel better than ever. Part of me believes coffee is a fucking poison, like cigarettes, fucking with peoples chemistry. The other part wants to drink an entire pot of coffee, chased by a jug of wine. “The Fly” is stronger than you and is immortal, so don’t try to rebuke any of my assertions.

Oh, by the way, I got TZOO coming out of my ears in my personal account. That stock wants to rip heads off and shit down necks, in that order. Also, while eating oatmeal (NO SUGAR, NO MILK-HORSE STYLE), I added to DHI. The homies have bottomed.

Have a great day and try to avoid muderholes, best you can.