Better to be Long than Safe

That’s the way I see it, right now. With large percentage gains being doled out daily, it no longer made sense for me to be defensive when I could easily trade in and out of The AES Corporation [[AES]] for a quick 5% gain, if I so choose. For now, I am in accumulation mode, with The AES Corporation [[AES]] , TriQuint Semiconductor [[TQNT]] , Fuel Systems Solutions, Inc. [[FSYS]] , Johnson Controls, Inc. [[JCI]] and Southwestern Energy Company [[SWN]] are my main targets. My [[VXX]] position will remain as a retarded insurance policy against my space alien magician ways.

While you are over there trying to bet against me, I sit here laughing at you, for you are betting against nothing. It’s all a mirage, Mr. Quixote, as you race towards windmills and talking pelicans. I am still long my entire [[VXX]] position and I still have a monstrous cash position. The only difference between yesterday and today, I am long a fuckload of several stocks that are all advancing to the upside, save Fuel Systems Solutions, Inc. [[FSYS]] .

You need to remember something and remember it well: I’ve been banking coin in this market for over a decade now, with very little disruption. Every so often, I take a break, in order to feed into my many paranoias. But, generally speaking, I NEVER FUCKING LOSE.

Now I can see why you would be tempted to bet against me, since I am vastly superior to you in all facets of life. However, please remember, “The Fly” doesn’t hate you. He is just indifferent to your plight and couldn’t care less about your “new and improved investment strategy.”

As I sit here, munching on a salmon sandwich, crunching on a few chips, I am reminded of last night’s Fast Money, when I could not hear a fucking word they were saying because I was chomping on some chips. I was chomping on some chips then and I am chomping on some chips now, as the mustaches on my enemies faces grow larger.

In summary: bet against me; lose your fucking house. Watching teevee and chomping on chips is a bad idea. And, “The Fly” is going to win again, whether you like it or not.

I bought 5,000 Southwestern Energy Company [[SWN]] under $41.50, 30,000 The AES Corporation [[AES]] under $12, 10,000 Fuel Systems Solutions, Inc. [[FSYS]] under $32.70 and 5,000 [[MTA]] under $20.35.

Disclaimer: If you buy the above stocks because of this post, Hungary will nationalize [[MTA]] just prior to them paying out their annual 9% dividend. And, you may lose money.

Quick update, pertaining to yesterday’s moves.

My allocation is now 15% [[TLT]] , 8% [[VXX]] , 30% cash and 47% equities. Effectively, I am now positioned to be slightly less boring than before. Over the next several trading sessions, I will be reducing my cash and [[TLT]] position, in order to mark way for egregious equity holdings. I have many ideas in mind, most of which shall be played out here—live—on the fucking internets.

Generally speaking, I feel, as always, you are a low form of human life, most comparable to offal or “yard trash.”

Just in case you are wondering why I sold 50% of my [[TLT]] position yesterday, as opposed to 100%, please check current quotes for your fucking answer.

Off to go reallocate.

Top pick: The AES Corporation [[AES]]

UPDATE: I sold out of my [[TLT]] position, at a profit plus 2 months worth of dividends, in the $90.30’s.

Back at Mr. Devildog’s office, Samsonite is give a task.

I Want My Very Own Tab

I sold out of 50% of my [[TLT]] position and started to reallocate said assets into stocks.

For the day, I bought bountiful amounts of Johnson Controls, Inc. [[JCI]] , Fuel Systems Solutions, Inc. [[FSYS]] , The AES Corporation [[AES]] , TriQuint Semiconductor [[TQNT]] , Flotek Industries, Inc. [[FTK]] and a little Eastman Chemical Company [[EMN]] .

I have a list and will be checking it twice. I do not expect to make a killing, buying up here, after a monster run. However, at the very minimum, I expect to outperform the snail paced [[TLT]] and retarded money market accounts.

In short, I am done with “The Hugh Hendry” despite its grandiose reputation in the burlap community. I am a trader, a mover and a shaker of sorts. I cannot and will not sit idle, watching you fucking morons bank coin, while I marinate in dust.

I changed my mind on holding so much [[TLT]] . I sold out of 50% of my position, a touch under $90.

Okay, now I can get back to the business of picking stocks.

It appears the OVERSOLD signal was spot on with [[CAGC]] yesterday. So you know, at the moment, it is spitting out an OVERSOLD reading in Rio Tinto plc (ADR) [[RTP]] . I don’t know why I WRITE IN CAPS. I just do.

To answer your questions: yes, I am still long [[VXX]] , despite a large percentage loss. Chalk up a win for the peanut gallery. You warned me to avoid [[VXX]] , and here I am getting my face buzz sawed by some lunatic ETF. The way I look at it, being long volatility is a good way to sound smart, but be dumb (that was brilliant. props please). I mean, I can mosey on down to any cocktail party, anyone at all, and profess the endless splendour [sic] of being “long of volatility.” I would speak of my position, with a pipe clenched in my teeth, and people would take a step back, out of deference, to listen to my many strategies and heed warning to my dire predictions.

I’d say “yes, (puff, puff, puff) I am long of volatility, good sir (puff, puff, puff). And that’s it. I’d quickly make way to the nearest serving station and order a martini to my liking, both shaken and stirred.

Seriously, it was/is a bonehead play. My holding period is narrowing by the minute.

To make up for my egregious efforts in volatility, I’ve been buying Johnson Controls, Inc. [[JCI]] and will start buying Fuel Systems Solutions, Inc. [[FSYS]] in earnest. As of now, my FSYS position is very minor; but that will change soon enough. In short, I like the auto parts plays. Look at Cummins Inc. [[CMI]] and see that fucker run, same with Titan International, Inc. [[TWI]] . With GM slated to come public this summer and Toyota recalling cars like they were fucking landmines on wheels, auto parts is the place to be.

Ever wonder what the fuck sort of chemicals are in a K-cup? Over the past 6 months, I probably consumed a million K-cup servings of coffee, without even thinking “hey is this shit safe?” Well, I am sure it is, just like eating microwaved teevee dinners every night. My paranoia is endless. It really is, mainly because people and things are, generally, out to get me. Case in point: Flotek Industries, Inc. [[FTK]] .

If Flotek Industries, Inc. [[FTK]] was a real person, I would have punched it in his face by now, with brass knuckles, for putting me through the ringer. However, as sure as I am sitting here, that fucker will print $3. Write that shit down, DEVILDOG style.

Back to K-cups. Green Mountain Coffee Roasters Inc. [[GMCR]] is a sell here, based upon my paranoia. And, let’s take it a step further. As you know, “The Fly” is an avid shopper at Whole Foods Market, Inc. [[WFMI]] . Mrs. Fly drags me into that place at least once per week, to “stock up on organic fruits and vegetables.” YUMMY! However, after further investigation, I’ve concluded: WFMI is an ass. Most of their private label shit is made in China. Let me ask you a very sincere question: if the FDA or USDA does not regulate foreign food imports (generally, they are contracted out to private companies), do you trust anything from China, with respect to its “organic credentials?”

Separately, my [[MWW]] is charging higher this morning, on the backs of an analyst upgrade. It is my belief, based upon historical reference, every 1% reduction in the unemployment rate equals another $10 in [[MWW]] . My favorite stocks, at the moment, are Fuel Systems Solutions, Inc. [[FSYS]] , Johnson Controls, Inc. [[JCI]], TriQuint Semiconductor [[TQNT]] and Flotek Industries, Inc. [[FTK]] .

And, as you know, I still like [[TLT]] . Doing “The Hugh Hendry” is a tough job; but somebody has to do it.

China has opened down another 1%, following yesterday’s 5%. This is worth noting.

Chinese leadership stocks, like Ctrip.com International, Ltd. (ADR) [[CTRP]] , PetroChina Company Limited (ADR) [[PTR]] and Baidu.com, Inc. (ADR) [[BIDU]] will continue to come under pressure, as long as the the homeland A shares continue to get beaten. I am convinced, through years of experience trading these markets and watching patterns, that the U.S. markets are the most manipulated in all of the world, with Thailand a close second. China was first to bounce off the bottom and they shall be the first to top out.

Needless to say, I expect all of you to stay up through the night, monitoring these events closely for me, while I sit down and sip on a nicely fresh brewed cup of Earl Gray tea.

NOTE: [[FXP]] might be worth a whirl down here.

NOTE II: Be sure to subscribe to iBankCoin’s youtube channel. I will be uploading new cartoons weekly there first.