To Lotto or Not to Lotto?

CS posted HORRENDOUS numbers last night, lending to bank weakness. I’m not a big fan of the banks; but I do not think they are hinting of doom either. If you haven’t been living under a rock this year, you know the banks mean absolutely nothing, when it comes to stock market strength. This market is built on AAPL, NFLX, BIDU, AMZN, and other “retardedly” overvalued stocks.

Going with past history, this has to be the final stretch down the ol’ rally road. When the lowest of the low stocks are ripping 20% per day, it’s time to raise cash. I’m in a rather unique situation, as I need stocks to plug the stupid VXX blackhole. As to the reasons why I still own it: God only knows.

Bottom line: If the stock market Gods still love Le Fly, and all of his grandeur, they will send the shares of FTK significantly higher. If not, I will continue to scalp lotto tickets, degenerate OTB guy style.

Go home Mer-rin. Har, har, har. Rotto wins again.

-Chinese Lotto Guys

“Poof. Your lotto games are over.”

-Merlin

I am throwing up a post, mainly because I am stepping away and feel somewhat embarrassed by the “Fly Buy” post, littered with degenerate gambling stocks. Look, these stocks are not for everyone and are very risky. Basically, I am ignoring fundamentals and playing momentum, which has a double edged sword. Thus far, I have booked 20% gains in both JST and XING. I’m long CHGS from high $1.80’s and I am betting on a surge in CDII, HEAT and FEED, based upon the laws of “things in motion tend to stay in motion.”

Following my takeover play, HRBN (+20% winner), I am starting to put together a god damn winning streak. Needless to say, I am not impressed with myself, thus far. I have a lot of lost ground to make up, which cannot be accomplished by trading in small numbers. One large number position of mine, FTK, can make a big difference. Year to date, the stock is up nicely. But, now more than ever, I need this sucker to get going.

Having said that, I am off to my Voodoo Physician, where he will sacrifice a goat in my honor, in order to help jump-start the inevitable and likely short squeeze in the shares of none other FTK.

NOTE: I covered my MELI short for a small gain (2%)

UPDATE: I averaged up on FEED @ $2.98 and bought 10,000 FLWS @ $1.91.

Going with my lotto theme, I bought 10,000 CHGS and 15,000 FUQI at these levels.

UPDATE: I bought 50,000 FEED

Disclosure: Playing Chinese lottery is bad for your health and has been known to cause brain damage in old adults.

Imagine your favorite chocolate was wrapped around a ticking time bomb. Then imagine yourself taking quick licks from said bomb, because it tastes so damn good. Then imagine said bomb detonating your face off. This market is a ticking chocolate bomb. Have a lick.

Speaking of which, I am looking forward to today’s Chinese lottery drawing, as I am long a handful of gambles: CDII, XING, CHGS, JST and HEAT. Actually, now that I just wrote that, I am obligated to sell several of them.

iBC is starting a new division, with regards to RFID chip implantation. Instead of having to login to your PPT, PDS, Bleier service, we will send a “certified” iBC surgeon to your house, who will “painlessly” implant an RFID chip into your neck, for easy access to global iBC services. Don’t worry about sending us your address; we already know where you live.

In closing, I look forward to yet another day of mindless dart throwing activities. This run will be complete when FTK gaps up to $4. Actually, with all of the crap going higher, FTK is well deserving of a nice lift-off. The company is performing superbly, aside from moribund stock price action.

Top picks: Lotto, MWW

UPDATE: I sold out of XING @ $2.20

UPDATE II: I sold out of JST, $13.60+

In one of the classic episodes of “Higgleytown Heroes”, the gang meets The Pumpkin Monster, who ends up terrorizing all of the little suckers until the end. Naturally,  by the end, The Pumpkin Monster turns good. For years, I would tell my youngest son “be good or the Pumpkin Pie Guy will get you.” This chagrined him a great deal, even to this very day.

As I sit here, eating grotesque amounts of pumpkin pie, I realize that I am “The Pumpkin Pie Guy” of the internets. If you mess with my domain, I will eat, mind you, your livers and kick your face down a sewer drain. And, just to up the level of drama up another notch, I will NEVER turn good, not even at the end–EVER!

Fellow bloggers of the internet:

Consider yourself under “extreme attack” from now until Halloween. “The Fly” aka “The Pumpkin Pie Guy” will initiate great catastrophes upon your person, none of which can be defended against or avoided. The stock market is only a sidebar to my blogging dominance. What we are doing here (Fly, PPG, HORATIO, Tropicana, Petey etc.) is creating an environment where all other bloggers feel inadequate, as they cannot compete with a person such as myself.

As the market “lotteries” higher, always remember, “The Pumpkin Pie Guy” is out to get you, so you better behave.

Classic Krull, once again.

It’s funny when Schmuck Schumer gets all bent out of shape, talking about how the Chinese are manipulating their currency. It’s like a rapist calling a prostitute a deviant.

The United States is purposely devaluing its dollar, at a minimum by its policies. However, the cynic in me believes there is something more to this decline. The entire program of the Fed is aimed directly at destroying the wealth of its citizenry, while relieving the debt burden of the government. Try traveling to Europe, then get back to me and say “the decline in the dollar does not interest me.”

Like the old Brits, it’s only a matter of time before the US loses reserve status. But don’t expect that to happen right away.

What you should expect, right away, is much higher commodity prices, especially those that trade on a global scale. The reason why natural gas blows is because we have lots of it. It is mainly a US story. Take a look at any other commodity, sans zinc, and there is reason to laugh and cry. Cotton at 140 year highs? Really?

Go flog yourself Mr. O’bama.

It’s gonna be a real treat to see the soon to be elected republicans break all of their promises, over the next few years. As always, one party will blame the other for lack of productivity and corrupt policies will go unchanged. I’m not really bellyaching, since my life is good. Plus anyway, the corruption of the US government is terrible; but we have a pretty big military, which is a nice sidebar. Until some sort of Eden appears, with a monstrous military, I am staying here, in this dumbass country, with you idiots.

Doing a 180 from this morning’s missive, I stepped in and bought MWW for two (pick two) reasons:

1. Prime takeover candidate.

2. The Hotjobs numbers at YHOO weren’t half bad.

3. MWW is priced for calamity.

In the event the jobs market improves, even marginally, MWW goes to $17. Months ago I posted a chart of MWW and compared it to the unemployment rate. Can you say lockstep?

Separately, for my personal account, I bought some CHGS, at $1.84, fully accepting the possibility of stark losses in the not so distant future. It’s a 10k lotto play and I am game. Until the market starts going down again, I like JST, FTK, MWW, MERU and other crap. If we start downticking,  SPG, MELI and AEM is where my money is short.

UPDATE: In the spirit of lotto, I bought 5,000 CDII @ $1.66. Let the games begin!

UPDATE II: I bought 5,000 XING @ $1.80

In light of the tremendous recovery in the US jobs market, I bought 30,000 MWW, at these levels.

UPDATE: I bought 5,000 CHGS, for Chinese lotto purposes, at $1.84.

Disclaimer: Costanza trade.