Fly Buy: ALJ

I bought 10,000 ALJ.

[youtube:http://www.youtube.com/watch?v=Txh5tn4B3fE 616 500]

We’re setting up for another weak trading session. This is starting to become a pattern. As an aside, new issue ARCO should be coming public. I rarely get involved with new issues. However, these fuckers sell Mcdonald’s to unsuspecting people in South America. They are the largest Mcdonald’s franchisee in Latin America. What’s not to like? I will be putting ARCO to the top of my buy list, providing the ipo doesn’t go “dot com stupid” on the first day of trade.

Crack spreads are up again this morning; but it may not make a difference. It seems people want to sell, regardless of the news. Well, to be fair, the news is always bad. I guess some of that toxic information is permeating the psyche of “rich as fuck” money managers. Even so, they have dog brains and will be buying the dips shortly. You can pretty much count on that.

Aside from my refinery holdings, there is nothing that I am emotional about right now, which means I may start selling some stuff in order to raise cash. If my stocks cannot go higher, I have no interest in seeing them go lower. Having said that, I do realize the importance of allowing my stocks to breathe a bit. If the losses are less than 10%, there is little reason for me to flip out and start shredding portfolios.

“The Fly” is preparing for EXTREME grandeur. I am not talking about your regular run of the mill caviar and champagne dinner party extravaganza. I am talking about making so much money, that your arm involuntarily punches random people in the face spectacular. My position is so potent, so concentrated, I emanate electricity, shocking anyone who comes within 40 yards of my domain.

Yes, it’s true, “The Fly” steps out of his car and pisses on yours at red lights and he drops anvils on your trailer park, from his space rocket.

I stepped out today in search of fantasy and all I got was a lesson in non-fiction. The simple facts are this:

1. You cannot compete with me on any level.
2. Your analysis is made for retarded midgets with small arms, like dinosaurs.
3. I am several centuries ahead of you in cognitive development.

While you deviants walk the Earth in search of herpes, “The Fly” is checkmating you, through iron stake to the skull.

In closing, crack spreads are up another 6.5% today, now approaching $29. THERE IS NOTHING ELSE WORTH DISCUSSING. Stocks like WNR, VLO, ALJ, HOC, DK, TSO and CVI are poised to move higher, lighting short sellers on fire with refined kerosene.

I am sick and tired of waiting for fun and exciting shit to happen. I am getting the fuck out of this place.

Off for fun filled adventures, with space clowns and perverted gorillas.

Developing…

We are giving it up fast here. Should the market reverse lower, things could get ugly. Or, people will anticipate that eventuality, start shorting stocks, allowing Ben Bernanke to work his magic and squeeze the shit out of them in pleasant afternoon trading. Either way, we need a 1% move in the Dow and we need that shit now.

Regardless, I am overweight refiners, now making up about 55% of my holdings. I do so knowing the risks associated with concentrating positions. There comes a time, every so often, when risk is needed. For me, this is that occasion.

Look for WNR to rally hard, as that WTI-Brent spread widens, now more than $15 per barrel.

It’s POMO, all day, every day. I warned you to “remember the clam.” Instead of heeding my dire warnings, you shot yourself in the face with a howitzer. Good going pal.

I expect grand things to happen at the opening of trade. I anticipate WNR to move higher, alongside my other stocks. I anticipate to make a great deal of money.

One final note for you WNR lovers: the only way this company fucks up current spreads is through idiotic hedging. Last quarter the company hedged 10% of its production at $16.50, on crack 321. They put up about 40-45mill in collateral.

The upside to the story is their idled refinery at Yorktown, which held over $22 mill in refined crude in reserves. Since then, prices have soared, so I expect that inventory to be worth more. Two things happen at Yorktown: 1. they sell it to another company and use some of the proceeds to pay down debt. 2. They restart the facility and take advantage of current spreads.

One thing you need to know, during Jan-Feb, WNR refineries were knocked offline due to bad weather. However, since then, they’ve been operating at full capacity. Earnings should reflect that. Their debt is not an issue now, with big payments scheduled in 2014 and 2017.

So, what we have here is the best refinery play in the United States, a company with full access to cheap light sweet crude from Cushings, the best play for taking advantage of the spread between Brent and WTI crude.

Target: $24

Using some of my new fundamental search tools, I created the following screen.

Earnings growth using High end estimates versus mean: over 10%
Earnings YOY % Change, relative to next year: over 10%
Upward earnings revisions for next Qt.: over 1
Revenue YOY growth, relative to next year: over 20%
FPE, using high end estimates: any
Short %: any

The results:

You have no idea how bad my day was, separate from the market. It has been a series of small cuts that has led to my overwhelming feelings of rage, boiling up inside of my guts, permeating through my black heart and up to my brain. To make matters worse, the DICK SUCKERS AT OXYVLOVCLKX go lower every.fucking.day.

The only things that I like right now, aside from my family, is MWW and WNR. I want to take my computer and attach nuclear warheads to it, then mail it to the other dick suckers at HPQ.

In closing, all I need to show you is this.

Do not comment on this thread, else I will find you and rip the skin from your face, then stomp out your skeleton.

I sold out of some bullshit stocks and added to my monstrous WNR.

Disclaimer: If you buy WNR because of this post, your fellow share holders will take up the avocation of crack cocaine smoking. And, you may lose money.