Good Morning and Indeud

I just finished eating a splendid breakfast and find myself, surprisingly, in a good mood, bio-polar style. If you haven’t figured it out by now, “The Fly” is obsessed with making large quantities of money and harbors extreme disdain for those who are not successful.

When it comes to money, there are two types of people who say “money isn’t everything.” The first type is the destitute poor guy with little prospects, outside of hitting the lottery, of making it big. The second type is the guy who is already rich. In case you didn’t know, money is the root behind all evil and happiness.

Early going, I am feeling rather optimistic about today’s trade. Ahead of merger Monday and more Egyptian bullshit, I sense money managers will pile into gold/silver/oil stocks. I sense these things because they are my friends and they have money to burn.

Top picks: EXK, NGD
Cheers!

As the media stoke the flames of revolution in the land of mummies and slaves, the Obama administration purposely disseminates false information with regards to the resignation of Mubarak. It’s fascinating to watch a country of 85 million people crumble because 1% of the population take to the streets. Considering the fact that Egyptian unemployment is near 40%, it’s no surprise to see those fucking tea drinkers camping out all night, as they have nothing better to do. What’s doubly interesting is the ideologues opining on this movement as if it was the American revolution redux. When I said “freedom must be forged with the blood of honorable citizens,” I meant it.

The Egyptian movement is the modern version of a coup, a lazy man’s approach to self governing. Who do you think will take over the Egyptian government and why are you wearing rose colored glasses? Call me callous: I don’t give a shit. The middle east, save Israel, isn’t ready for democracy. Their brains are stuck in the dark ages, around the year 1500, or some shit. The end result will lead to higher gold/oil prices.

Looking over my index’s in The PPT (GARP, Social Networking, Commodity, Raw Commodity, 4g, Risk Appetite and Foreign), they’re all trading at new highs, save Foreign and Risk Appetite. With my year to date gains a tad under 6%, there is NO REASON AT ALL to believe the market is top heavy here. It’s still going up, despite bad earnings misses and fierce corrections in high beta names. If you notice, the money shufflers don’t give a shit about “leadership,” because the entire nation of the United States is leadership. There is a reason why U.S. markets are outperforming: we got POMO juice motherfucker.

Ben Bernanke has a strong pimp hand and the swagger of 10,000 Mubaraks. Stocks like CSCO, AKAM, CRM or FFIV can correct and other stocks will take their place as leadership. This market doesn’t need leaders, just POMO.

Is this the best you burlap wearing, suitcase holding, bearshitters can do? Shit, I am making money today, in spite of the pinless hand grenade action in CSCO and AKAM.

As an aside, I’ve been preoccupied with other things. I’ve been collecting a lot of wine these days and I’ve been playing a shitload of chess. A regular chessnwine I am. Poke fun all you want; but I am certain that I can beat 99.9% of you in a game of chess, as I have an IBM supercomputer brain. Generally speaking, I’ve been going out a lot, venturing off to broadway plays and dining at the finest restaurants NYC has to offer.

Gentlemen and fucktards of the internet, I have a problem. I have money to burn and nothing to spend it on. In this new economy, work is not required. You can take naps, play video games and make a jackass out of yourself, drunk in public, as long as you own equities. The stock market has replaced the jobs market, in a sense. For the love of surprise cataclysms, the market is fixed to go higher, small pleb. Why do you fight it?

Ugly people, like Jim Chanos (short F from $1, idiot style), are betting against stocks because chicks don’t like them. No one likes an ugly person. Let’s be real. Jim probably talks to himself, while smoking Pall Mall cigarettes, inside of his car, with the windows up. You can’t take Jim serious, ever, for he is too ugly.

In other news, it appears Mubarak is preparing to unveil more “Egyptian bullshit,” by “stepping down.” Ha! He’s putting his man in to replace him. Like I said before, there is no such thing as a “bloodless revolution.” If the Egyptians want freedom, they need to earn it, forged in blood. The seeds of liberty can only blossom with the blood of honorable citizens.

Into the bell, I like NGD, VCLK, MOS and AGU, for the motherfucking win.

UPDATE: I bought 2,000 MCHP, new position.

In light of the cowardice being displayed by both Mubarak and the shorts, I added to both MOS and VCLK.

Before I broach the subject of earnings lotto, does anyone have a succinct explanation as to why there is a massive spread between WTI and Brent sweet crude?

Early this morning, it appears Mother Market will punish guys like me for misbehaving, demonstrating excessive amounts of hubris without caution. If anyone deserves to lose money, it’s me. I will be the first to tell you: “I’ve had it good for too damn long and deserve a good correcting, a regular talking to.” Should I lose heinous amounts of coin, everyone wins. You win by default and I win by being placed back into a corner. Long term readers know that I am not happy unless my world is crumbling before my eyes. I enjoy adversity because there is something wrong with me.

WFMI had kickass earnings; but I can’t buy that decadent shit up here. CSCO and AKAM are being dismantled by fairies in pink velvet pants because they suck. If I am not mistaken, both AKAM and CSCO miss earnings with great regularity.

If you are investing aggressively, it makes no sense to compound risk by holding stocks into earnings. I realize the long term thesis and that entails riding out earnings announcements. However, considering the run we’ve been on, you stand to lose too much (MOTR boated) on a miss. At a minimum, buy puts to hedge or pare down positions prior to release date.

Will the market stay down all day?

Probably not. However, we are due for a few down days. It’s worth noting, new equity partner in iBC, ChessnWine, played this inflection point nicely, currently short a variety of high beta names.

Okay, it’s time for me to scurry along, prepare for the shit heading my way.

You Doug Kass types thought you were smart, fancy, and smart again today, no? Dressed in stupid turtle necks, collectively, you sold short today’s tape; because today was the day that it all ended—until it didn’t. You people are so fucking stupid. My dead dog can do a better job at managing accounts than you. Seriously and with no respect, you need to quit this job and find another. You’re fucking up my view.

Thanks to a miraculous late day surge in BORN, I ended the day flat. Year to date gains still stand at 5% and my balls swing lower than yours.

Do not misconstrue my kindness and democratic generosity for weakness. I will find out where you work arrange for rapid mustache removal. Remember, I’m originally from Brooklyn and half of my childhood friends have brass knuckles in their overcoat pockets. I will break your face.

Aside from that, after yesterday’s update, The PPT is now registering its highest overall fundamental score ever. Meaning: valuations and balance sheets have never been better. Essentially, stocks can trade a lot higher before they get expensive. I am going to stick to my bullish thesis until it murders me.

I added to both BORN and NGD.

It appears the moon, earth and all of the galaxies in the universe are working against the defined interests of a certain bearded clam— to bring the markets lower. Today’s tape has a certain nagging feel to it, not so much different than your wife pestering you to complete a chore while the game is on.

I am down slightly on the day and loathe the fact that I may close out the day a loser, despite my AGU sprinting higher. However, I’ve been a bit spoiled with regards to this market, so I really don’t mind donating some of my coin to those of you (bearshitters) that need it most.

Do not spazz out, fucktards of the internet. Every once in awhile the market trades down. Into the final hour of trade, I intend to add to a few positions.

I told you before and I will tell you again: milk the farmer ahead of planting season. Fortunately, my two largest positions, AGU and MOS, are screaming higher today on the back of better than expected earnings from AGU. However, the strength is more than just one name. Look at ANDE. The entire farm industry is smoking hot, thanks to insane commodity prices. Farmers are rich as fuck now. Milk them.

Without a doubt, both AGU and MOS will eclipse $100 this year. I am not selling any time soon. As a matter of fact, I should not have sold out of my TEX. I need to buy that fucker back.

Look, last year I had epic debates with Jakegint, regarding inflation versus deflation. Jake was right. The Fed really is crazy and doesn’t give a shit about the guy working 3 jobs to put food on the table. This all ends badly, as this policy is unsustainable. But it can last a long time. Hell, by law, the Fed can lend money to people, directly. If the banks freeze up, look for the Fed to step in and be the lender of last resort. All of this fuckery leads to one destination: inflation

There are small stocks worth a look, like KBX and MDW. But don’t focus on the outliers. Buy the leaders first, then mess around with the garbage. Otherwise, you will build a reputation for playing with trash, like some sort of upright walking pig. The other brokers will talk shit about you in between long lines of blow. They will call you names like “piker” and “cold caller.” Trust me, you don’t want that.

Top picks into dollar death: EXK, NGD, AGU, MOS

We’re adding a little something to this year’s stock contest. First, we will allow more than the usual 64 contestants, by creating more brackets. And, most importantly, we’re giving away $1,000 to the winner. Second prize gets to pick one prize from the crap in our merchant store.

Before the end of the week, RC will do a post, laying down the rules. However, in order to keep this contest distinguished and without trickery, it will be open to PPT MEMBERS ONLY. It’s all part and parcel of my unwavering plight to give back to the little people. So, if you’re not a member and want to win $1,000, quit being such a piker and buy your seat (PPT membership) to play.

Developing…

CLARIFICATION: This is NOT a fucking basketball contest. Each player chooses one stock for the entirety of the tournament. After 1 business week, the persons with the highest percentage gains advances to the next round, until we have 1 winner. Get it?