Fly Sell: PCP, X, MWW

I sold out of PCP north of $111, X north of $44.50 and MWW north of $12.90

Futures indicate we are due for a higher open, despite some really fucked up numbers from BBY. As you know, yesterday I began hedging, allocating about 15% of assets to VXX and the Fazmobile.

Right now, my weighting is 75% long, 10% cash and 15% vxx/faz. In other words, I want this fucker to melt up, so that I can book more gains.

As an aside, pay attention to the ongoing battle between farmers and the fucking railroads. That asshole, Warren Buffett and his Burlington Northern, is raping farmers of profit, by way of raising rail costs. They cite higher energy costs. But in reality, they are taking advantage of the grain to china trade. May they burn in hell.

Into strength, I will book profits in x and pcp.

I swiped this from The PPT, posted by none other Alphadawg. If there are any geologists out there who care to chime in, feel free. In summary, it appears Mr. Devil Dog was right all along.

IT IS A VOLCANO.

Oil Volcano Pressure Too Strong for Containment

“It has been estimated by experts that the pressure which blows oil into the Gulf waters is estimated to be between 20,000 and 70,000 PSI (pounds per square inch). Impossible to control.

The estimated super high pressure release of oil from under the earth’s crust is between 80,000 to 100,000 barrels per day.

The flow of oil and toxic gases is bringing up with it… rocks and sand which causes the flow to create a sandblasting effect on the remaining well head device currently somewhat restricting the flow, as well as the drilled hole itself.

As the well head becomes worn it enlarges the passageway allowing an ever-increasing flow. Even if some device could be placed onto the existing wellhead, it would not be able to shut off the flow, because what remains of the existing wellhead would not be able to contain the pressure.

The well head piping was originally about 2 inches thick. It is now likely to be less than 1 inch thick, and thinning by each passing moment. The oil has now reached the Gulf Stream and is entering the Oceanic current which is at least four times stronger than the current in the Gulf, which will carry it throughout the world within 18 months.

The oil along with the gases, including benzene and many other toxins, is depleting the oxygen in the water. This is killing sea life in the ocean. Along with the oil along the shores, there will be many dead fish, etc. that will have to be gathered and disposed of.

At some point the drilled hole in the earth will enlarge itself beneath the wellhead to weaken the area the wellhead rests upon. The intense pressure will then push the wellhead off the hole allowing a direct unrestricted flow of oil, etc.

The hole will continue to increase in size allowing more and more oil to rise into the Gulf. After several billion barrels of oil have been released, the pressure within the massive cavity five miles beneath the ocean floor will begin to normalize.

This will allow the water, under the intense pressure at 1 mile deep, to be forced into the hole and the cavity where the oil was. The temperature at that depth is near 400 degrees, possibly more.

The water will be vaporized and turned into steam, creating an enormous amount of force, lifting the Gulf floor. It is difficult to know how much water will go down to the core and therefore, its not possible to fully calculate the rise of the floor.

The tsunami wave this will create will be anywhere from 20 to 80 feet high, possibly more. Then the floor will fall into the now vacant chamber. This is how nature will seal the hole.

Depending on the height of the tsunami, the ocean debris, oil, and existing structures that will be washed away on shore and inland, will leave the area from 50 to 200 miles inland devoid of life. Even if the debris is cleaned up, the contaminants that will be in the ground and water supply will prohibit re-population of these areas for an unknown number of years.

Take a U. S. map, lay it flat and measure inland just the minimum 50 miles of total destruction all around the Gulf of Mexico. Should what the scientists who are trying to warn everyone about be even close to being true… much of the property in Florida could be completely destroyed, including massive loss of life.”

Yikes.

We’re fucked, some more than others of course.

I bought 25,000 FAZ @ $15.30 and took 12% of my assets and dumped it, mind you, into VXX, sub $28. The purpose of these trades are not to “make a killing” like some other bearshitters out there, but to protect what I have.  With year to date gains now swelled above 34%, I do not need to make a killing anymore, for I have already feasted on the bones of my enemies.

So, taking notice from The PPT aka “motherfucking time machine”, I stepped aside and hedged up. Additionally, I sold out of the OEH that I bought earlier, for a nifty .30 profit.

Just so you know where I am coming from, at the highs of today’s tape, The PPT registered an extreme OVERBOUGHT reading of 3.32. Granted, there have been instances when the reading has been OVERBOUGHT and we proceeded to burn higher. However, more often than not, this shit is razor thin sharp accurate. Plus anyway, the bulk of PPT misreads occurred just before the market took an unprecedented 1 day dump out of 1,000 Dow points. That’ll learn ya for ignorin’ these here internets.

In short, I win again.

I know you are tempted to buy more stocks here. You can’t help it, for your brains are really, really tiny. Do yourself a favor, pal, take profits and go clean out your car, or some shit. Find a hobby. Walk the dog; feed the wife.

With my money, I am waiting for the voices in my head to tell me to hedge, via VXX. And, I will look to sell more longs into tomorrow’s strong opening, if in fact we are blessed with one.

Market timing, on a scale like this, is not for everyone, kids. Most of you are better off watching professionals, such as myself, perform these grand theatrics, than partake in them on a personal level.

As for you brokers out there: get on the fucking phones and make a friend. Quit surfing the interwebs, you fucking losers.

NOTE: ATPG is ripping.

I just made 10 50 years worth of your annual salaries this morning. Because of this, I am now leaving the desk and heading yonder, into the concrete wilderness, where I will “accidentally” drop hot slices of pizza on peoples faces and spit on homeless people, as I walk into high end eateries.

I did my job this morning, raising cash and nibbling on some cheap wares. However, the market is now annoying me, as I feel like buying it and shorting it at the same time! I must be a fucking retard to think in such a manner. Therefore, I will do nothing.

I do not wish to muddy your waters by giving reasons to buy or sell. I will just tell you to consult your bathroom urinal shadow for cogent financial advice.

Ciao (spoken in a heavy Chinese accent)

Going with the flow, I added to my SHLD position, buying 2,000 @ $80.99 and started a new position in OEH, buying 5,000 @ $8.58.

Disclaimer: If you buy these stocks because of this post, someone will remove your kidneys for sale on the Russian black market. And, you may lose money.

Raising cash today, I sold out of my monstrous TNA ($46+) and FLS ($92) positions. And, I sold my sole Chinese lotto play, RINO ($12.70-12.80).

Just like that, I have a 25%+ cash position. I am done selling today, barring some sort of fucked up downside reversal. However, I may begin hedging shortly.

Two weeks ago we were famished; today we are dipping expensive bread into large vats of decadent olive oil.

The stock market is the embodiment of human behavior, in all of its “grotesqueries.” For example: as this market melts up, all of the clam-fuckers who were screaming “sell” last week will be covering their shorts and going long, amidst a buying panic. However, the appropriate course of action is to take profits here or add to underwater shorts. The best trade is always the hardest.

I’m not particularly sure when the market will reverse lower. According the The PPT, we are not officially OVERBOUGHT until the score hits 3.10+. I suspect that score will be breached today. So, to be clear, I shall take some of my wins and walk away from the table today. As you know, I went “all in” long last week, so it’s only prudent to raise some cash here in order to “manage risk.”

Remember that guy in the comments section who laughed at me for only having a 10% cash position, saying “way to manage risk Fly, ROFLMAOPSDGDHDFG?” Yeah, neither do I.

NOTE: Credit spreads are tightening, as expected, in a number of insurers this morning, notably HIG, MET and XL.