Perpetual Squeeze

Stocks like VistaPrint Limited [[VPRT]] , CARBO Ceramics Inc. [[CRR]] , Buffalo Wild Wings [[BWLD]] , Quality Systems, Inc. [[QSII]] , Amedisys, Inc. [[AMED]] and Palm, Inc. [[PALM]] are massacring the shorts on a daily basis. This is the easiest market to trade, since early 2003. The only people who are losing money are unqualified ideologues, people more interested in making “OBAMA is a COMMUNIST” signs, than banking coin in this market.

Assholes, the banking crisis is over. Goldman Sachs Group, Inc. [[GS]] is trading north of $180. What do you need to happen, in order for you to take the dicks out of your ears?

On a personal level, with such bountiful year to date gains, I find no need to be “balls on the kitchen table, while speed chopping carrots,” at these levels. While it’s true, the market has another 1,000 points to the upside, before ’09 is done. It’s also true, having 70% allocated into stocks is not exactly sitting on the sidelines.

As you know, I’ve been waiting for a dip, so that I can allocate funds to a myriad of international stocks. Howsoever, should the market fail to drop, I may be forced to chase a little.

A few names, worth a looksy, are Corning Incorporated [[GLW]] , Atmel Corporation [[ATML]] , ADTRAN, Inc. [[ADTN]] and Brocade Communications Systems, Inc. [[BRCD]] , all having to do with the splendour [sic] of 4g.

For the remainder of the day, I will be figuring out new creative ways to destroy my enemies, both old and new. I have a very low tolerance for bullshit and even less for personal insults. Do not insult me, young man, for I will knock your mustache clean off your ugly face.

Top picks: Flotek Industries, Inc. [[FTK]] , General Cable Corporation [[BGC]] , Sonus Networks, Inc. [[SONS]] , DryShips Inc. [[DRYS]]

I get real-time quotes, yet that doesn’t make me any money. Back in the old days, when I’d be in the middle of a stupid brokerage house boardroom, 50 different morons would shout out 50 imbecilic ideas, in real-time—all money losers, you child.

Back to my point: what you get here, on iBankCoin, is precision guided missiles. The amount of fruit, dropping from the trees of iBankCoin, on a daily basis, makes your bullshit website look like a food fight, where people are slapping each other in the faces with hamburgers.

As for today’s trading:

It looks like China is expanding faster than previously thought. So, as the stock Gods would have it, world markets are taking off. With my money, I like DryShips Inc. [[DRYS]] , Sonus Networks, Inc. [[SONS]] , Flotek Industries, Inc. [[FTK]] and UTStarcom, Inc. [[UTSI]] .

Will FTK go to 3?

Naturally, I believe it will, so quit asking me.

Despite today’s bull run, I will continue to take positions off the table, in exchange for cash. I WILL NOT SHORT ANYTHING. Shorting stocks, in the midst of the biggest and baddest bull market ever, is equal to fighting a fire with a squirt gun.

Keep your eyes on commodities, or for The PPT crowd, the Overall Hybrid score, as a barometer for market strength.

iBankCoin is not your average website. One does not come here and forget the name or the people that blog here, who in fact LAY WASTE to the fucking garbage on other sites.

Every morning, I rip out my beating heart, from my chest, dripping with blood, and put it into the site. By no means will it ever be used as a scamp launching pad for moronic bullshit. Just so you know, there is no value that can be affixed to one’s bleeding heart. If I approached you and said “asshole, my heart sucks. I’ll buy yours for a million dollars.” What would you say?

Exactly.

iBankCoin is Hollywood; you’re just Bollywood.

iBankCoin is a Tsar Bomba; you’re just a jumping jack.

iBankCoin is an electro-magnetic rail gun; you’re just a wet diaper.

See, it’s not about the motion of the ocean; but the size of one’s cock. “The Fly” is hung like a giraffe/elephant hybrid—in more ways than one— while you’re a hermaphrodite, fucking yourself when bored.

The point of this rant, not to be rude or anything like that, “The Fly” doesn’t want to be CNBC or The Gay Street Journal. All I require is a little Earth and Water, on this bullshit planet, in order to allow me to rain down meteoric conflagrations of alphabet soup, upon your addled pubescent think box.

Good Night Folks.

I sold out of my [[RAX]] position, which was fairly large, north of $16.65. I don’t give two gay goats and a bag of popcorn about leaving money on the table. In my estimation, I am in the winners circle, with much to lose and little to gain, taking into account the recent run.

I will continue to sell into strength until I am content.

Just so you know, I am not content.

Developing…

My TEKELEC [[TKLC]] position is afloat this morning, thanks in large part to a late Friday afternoon Cramer “pump-job,” not to be confused with the ever popular blow-job or ominous horse kick to the chest routine. As predicted, the market is taking a breather, down almost 0.7%. From these levels, I expect the market to trim back another 3%, then lift the fuck off again, just in time for a “HALLOWEEN SURPRISE” (whatever the fuck that means).

As a writer, more specifically, a blogger, words just come to me, similar to how accurate stocks reach my frontal lobe.

While most of you schlep around your neighborhood, with “SAY NO TO OBAMA-CARE” signs, “The Fly” is making more money than God. Yes, indeed, a very bold statement, if I might say so myself.

On dips, I like General Cable Corporation [[BGC]] and Sonus Networks, Inc. [[SONS]] . On rips, I will sell out of Flotek Industries, Inc. [[FTK]] (north of $3), TEKELEC [[TKLC]] (north of $20) and DryShips Inc. [[DRYS]] (north of $10). Essentially, I am chilling the fuck out, blessed with a 30% cash position and year to date gains upwards of 75%.

The boat party sucked, until I started drinking aggressively. I will have you know, NO ONE can out-drink “The Fly.”

UPDATE:

In website related news, my favorite confederate, WOODSHEDDER aka “HOLLYWOOD,” is (finally) launching his premium service. If program trading is your thing or if you are interested in learning more about it, Wood has put in countless hours perfecting his system. I strongly suggest giving it a whirl (fuck you, I can get away with saying words like “whirl” because I am so God-damned cool).

[youtube:http://www.youtube.com/watch?v=Xm_tSqFbW0A 616 500]

There is not much more to say, other than the obvious: it sucks being a bear.

I am leaving work early today, in order to cater to the many whims of Mrs. Fly, pertaining to a social event planned for this evening. My cash position is north of 30%. My positions worth noting include: Flotek Industries, Inc. [[FTK]] , TEKELEC [[TKLC]] , Spartech Corporation [[SEH]] , DryShips Inc. [[DRYS]] , [[ENTR]] , General Cable Corporation [[BGC]] , Barnes & Noble, Inc. [[BKS]] , [[RAX]] , [[CBD]] , Teva Pharmaceutical Industries Ltd (ADR) [[TEVA]] , Yamana Gold Inc. (USA) [[AUY]] and UTStarcom, Inc. [[UTSI]] .

I bought 10,000 Flotek Industries, Inc. [[FTK]] @ $2.12.

I am an addict. Do not follow me.

Don’t get me wrong: I am not looking for a market cascade, reminiscent of 1929. All I know, when my accounts are roaring to new highs and my level of “obnoxiousness” is at an all-time high, it’s time to chill the fuck out with the buy orders, in exchange for a stiff drink and loose times. Out the gates, once again, the market is melting up. Due to quadruple witching, expect to “enjoy” lots of volatility during the trading session.

First thing this morning, I sold out of my Western Refining, Inc. [[WNR]] position @ $7.75, which successfully bookends my endeavor into the hurricane trade. I will buy the bastard back next year, same Fly time, same Fly channel.

Flotek Industries, Inc. [[FTK]] is acting like a boring baby. No one likes boring babies.

My cash position is just north of 30%. I will continue to sell the rips and buy the dips. I am done chasing momentum.

There’s not much more to say, so fuck off.