Fly Sell: CMI

Just doing a little trimming, in order to rebalance.

I sold 25% of my Cummins Inc. [[CMI]] position, north of $52.20

Young man, you are very stupid and naive. The game, better known as globalization, will not be disturbed willingly. The Chinese will not stop buying our treasuries and the Greeks will get bailed out. If you seriously think the Chinese will start dumping treasuries, in order to “get revenge” for some oddball reason, you are delusional. If you believe that, I have a spare time machine for sale. Are you interested?

Enough of the dramatic conspiracy theories. KEEP THAT SHIT ON OTHER low end sites, where tinfoil and burlap are the preferred evening attire.

Into this fucking melt up, I like stocks. I like lots of them, particularly POSCO (ADR) [[PKX]] , Ctrip.com International, Ltd. (ADR) [[CTRP]] , TEKELEC [[TKLC]] and [[EWP]] . That’s right fucker, I like Spain.

I will fucking destroy you—rip you apart limb by limb. I know what you are thinking. Let me remind you, I do not lose, nor am I accustomed to being in a losing position.

While you fuckers get “greek’d out” short stocks, I will be buying. I will be buying with both hands, eating clams, playing in the sand. I am joining Uncle Fucker ‘Gint in betting against the dollar. The time for half measures and FAZmobiles are over. I will begin buying gold soon, with great vigor and uncompromising tenacity. I have names worth buying; but they are none of your concern.

I am not “mean,” as some of you softer folk like to whine about. I don’t have time to be nice. It fucks with my galactic balance.

In short, Dennis Gartman aka “The Commodity King” is wrong, once again. The market will not trend lower and only morons name themselves “King” of an entire asset class.

You’ve been warned and told. Now be gone.

I bought 10,000 ATP Oil & Gas Corporation [[ATPG]] @ $14.43.

Disclaimer: If you buy ATPG because of this post, you will get herpes. And, you may lose money.

The greasy monkeys from Greece have been SAVED!! As a result, short sellers are getting the “Greek treatment,” by way of large and unsustainable capital losses. Wins can be found everywhere, especially in the beaten down commodity sector.

My top picks are POSCO (ADR) [[PKX]] , Cummins Inc. [[CMI]] , United States Steel Corporation [[X]] and Nucor Corporation [[NUE]] .

I remain steadfast in my ability to endure major market corrections to the downside. The following is an interview of sorts, for your reading pleasure.

Do you know why “The Fly” is able to withstand such dastardly market action?

Answer: Because he has made so much fucking money over the last 5 years, this shit is simply an after thought.

Do you know why “The Fly” is so fucking confident?

Answer: Because he has a “calculator brain” and is never wrong, ever. He wins when he loses and wins twice when he lost. In a word: WHERESMYROOTBEER?

When will Le Fly start winning again?

Answer: As logic dictates, since he is in a perpetual state of winship, he is winning as we speak, despite what you may or may not think.

Are other bloggers even worth reading these days, aside from the Godly folks on iBC?

Answer: No.

Final question: What have you learned from the trading action of 2010?

Answer: Nothing. I already knew that shit (speeds off, from the comfort of his 80’s style stretch limosine).

Stocks were way oversold and short sellers got a little ahead of themselves—just a little bit. Just yesterday, I was buying United States Steel Corporation [[X]] due to PPT OVERSOLD readings. To be honest, as opposed to outright lying to you, I felt bad buying it. I felt as if I was doing something wrong, similar to being late to a super-duper-grouper important job interview. You know that feeling in the gut that makes you feel like shooting yourself in the face with a howitzer? Yeah, that feeling.

Fast forward one day, I’m back inside of the U.S., kicking old fuckers down empty elevator shafts, while banking “fuck you” coin in the market.

Into this melt-up, call me nuts (see if I care), I like Spain, via [[EWP]] . And, I like my usual suspects: POSCO (ADR) [[PKX]] , Ctrip.com International, Ltd. (ADR) [[CTRP]] , [[CBD]] , CGG Veritas (ADR) [[CGV]] , ICICI Bank Limited (ADR) [[IBN]] , SandRidge Energy Inc. [[SD]] , Masco Corporation [[MAS]] , Cummins Inc. [[CMI]] , TEKELEC [[TKLC]] , United States Steel Corporation [[X]] and Nucor Corporation [[NUE]] .

Some new stocks on my radar, all thanks and praise to the beta version of The PPT‘s 2.0 overbought/sold indicators include: [[RINO]] , [[TYH]] , Microsemi Corporation [[MSCC]] , Duke Realty Corporation [[DRE]] , Altra Holdings, Inc. [[AIMC]] and [[NLR]] .

In short, Le Fly is back from his Romanian cottage, where he fended off local homeless guys who wanted to fleece him of his sheep. YOU MAY NOT TAKE my sheep, fuckface, for they are mine!

NOTE: As discussed on PPT, rock salt maker Compass Minerals International, Inc. [[CMP]] is ripping through burlap this morning. I guess when D.C., amongst other places in the U.S., gets buried in snow, business is good for CMP.

“We’re not scared.”

-Lunatic, 2010

Just to get an idea where the hot money is flowing, here are the top 25 performers of 2010, minimum market cap of 100 mill.

1 CITP
2 TUES
3 HDIX
4 MMR
5 CNXT
6 BFRM
7 PCYC
8 LAB
9 MAPP
10 MSPD
11 BARE
12 TKTM
13 BBEP
14 ZION
15 GNVC
16 PRXL
17 PVTB
18 SIRI
19 SASR
20 LYV
21 EK
22 SGI
23 IDIX
24 KTII
25 HTX

And here are the losers.

1 TMS (VOID)
2 YTEC
3 JTX
4 CTIC
5 MED
6 CIIC
7 GY
8 HTCH
9 TSFG
10 XOMA
11 BPZ
12 APWR
13 GAP
14 GRO
15 BQI
16 QXM
17 KONG
18 UQM
19 NLST
20 MVIS
21 BWEN
22 ICXT
23 NTRI
24 TNDM
25 NBG
26 LAD

Enough of this torture. “The Fly” is blogging from his local airport, on his way to a small cottage in Romania. There is no hope left here in the markets. As a result, I’ve decided to live a simple man’s life, tending to wolves and sheep alike, while running throughout the green fields with nothing more than a burlap sweater and velcro pants on my person.

The stock market is a rolling tragedy, afflicting one generation after another. It’s a legal form of gambling, whereby complete fortunes are lost due to “market corrections” or “awesome melt ups.” Life should not be about amassing obscene amounts of coin, in order to buy influence and power—thereby crushing mortal enemies in the process. I propose living on a farm, with pigs and goats, harvesting grapefruits, alfalfa and other important “ingredients of God.”

As an aside, I initiated a position in United States Steel Corporation [[X]] today. Obviously I am a glutton for pain.

The bottom line: there is nothing else left for me here, in these stupid, backward United States. I endeavor to live a cleaner and more hostile life, on the outskirts of Romania’s fifth largest city.

Good Day and good luck,

Fly