Fly Buy: RAX

I bought 10,000 [[RAX]] @ $13.70.

Disclaimer: If you buy RAX because of this post, your wife will leave you. And, you may lose money.

Aside from the cocksucking homos at Flotek Industries, Inc. [[FTK]] , life is grande in Flyville, with positions flying off the handle—higher—and large cans of Monster Energy Soda flowing freely throughout the office. Once again, The PPT, nailed the bottom of the channel, when it registered a 2.25 score, for the Overall Hybrid score in the database. On the flipside of that coin, should the Overall score eclipse 3.00 again, look to take some stock off the table.

Look people, it’s all about the dollar sucking dick and how THAT pertains to higher stock prices. Much to my amazement, oil is not skinning the shorts alive. Howsoever, I anticipate such circumstances to change soon, all thanks and praise to the Godly folks at OPEC.

With my money, naturally, I might add to my burgeoning positions in Tesoro Corporation [[TSO]] , General Cable Corporation [[BGC]] and TEKELEC [[TKLC]] , while slapping my trader/servant in the face with scolding hot slices of pizza.

There is no such thing as truth air castles, where assholes live out their days being honest with one another. Like all men, I fight, tooth and claw, to defeat my friends and enemies— at some sort of nonsensical game of life. If my neighbor has a big ass tomato farm, mines has to be bigger.

Some people get stuck on stupid, believing in others, whether it be a spouse, a colleague or some jerk-off business partner. When times are good, people let their guards down, via trusting the instincts of others.

NOT ME.

Fuck that shit. I sharpen my knife everyday, while preparing for the eventuality of doing something different. While it’s true, “different” is a very general term; it’s the state of mind that is important.

Having too much trust can also lead to outsized and “larged dicked” losses in the stock market. Hey, for the love of gay goats and pink umbrellas with feathers on them, people trusted Lehman—all the way to the shitter.

The point I am trying to make, especially to my younger readership: quit being such a malleable pussy and keep your eye on the big picture—son.

Dr. Fly signing out for the night.

UPDATE: Totally unexpected vid from Karl, along the same theme.

[youtube:http://www.youtube.com/watch?v=w6DGPvr5hN4 616 500]

For the most part, “The Fly” has shied away from foreign fuckery, due to some deep embedded paranoia in the back of my psyche, which was implanted by the Illuminati when I was a youngster, regarding foreigners, their mustaches and their stupid countries. Nonetheless, I’ve decided to allocate 20% of my holdings towards foreign stocks, not for trades—but for the long haul. Naturally, the components of my foreign speaking portfolio may change; but the theme will remain constant.

Using The PPT, I isolated the very best names, then proceeded to dig in deeper through various secret means.

Here is my starter list, which will be filtered out several times until I am left with 20 names:

Argentina: Banco Macro SA (ADR) [[BMA]] Australia: BHP Billiton Limited (ADR) [[BHP]] Brazil: [[CBD]] Brazil: Vivo Participacoes SA (ADR) [[VIV]] Brazil: Petroleo Brasileiro SA (ADR) [[PBR]] Chile: Enersis S.A. (ADR) [[ENI]] Chile: Sociedad Quimica y Minera (ADR) [[SQM]] China: Ctrip.com International, Ltd. (ADR) [[CTRP]] China: Mindray Medical International Limited [[MR]] China: Shanda Interactive Entertainment Ltd ADR [[SNDA]] Colombia: Bancolombia S.A. (ADR) [[CIB]] Canada: Yamana Gold Inc. (USA) [[AUY]] Canada: Teck Cominco Limited (USA) [[TCK]] Denmark: Novo Nordisk A/S (ADR) [[NVO]] Finland: Nokia Corporation (ADR) [[NOK]] France: France Telecom SA (ADR) [[FTE]] France: CGG Veritas (ADR) [[CGV]] Germany: Aixtron AG (ADR) [[AIXG]] Germany: Siemens AG (ADR) [[SI]] Greece: National Bank of Greece (ADR) [[NBG]] Hong Kong: China Mobile Ltd. (ADR) [[CHL]] Ireland: ICON plc (ADR) [[ICLR]] India: ICICI Bank Limited (ADR) [[IBN]] India: Tata Motors Limited (ADR) [[TTM]] India: [[INFY]] Israel: Teva Pharmaceutical Industries Ltd (ADR) [[TEVA]] Italy: Eni S.p.A. (ADR) [[E]] Japan: NTT DoCoMo, Inc. (ADR) [[DCM]] Korea: POSCO (ADR) [[PKX]] Korea: LG Display Co Ltd. (ADR) [[LPL]] Mexico: Homex Development Corp. (ADR) [[HXM]] Mexico: Fomento Economico Mexicano SAB (ADR) [[FMX]] Netherlands: Core Laboratories N.V. [[CLB]] Russia: Vimpel-Communications (ADR) [[VIP]] Russia: Mechel OAO (ADR) [[MTL]] Spain: Telefonica S.A. (ADR) [[TEF]] Sweden: Autoliv Inc. [[ALV]] Taiwan: Advanced Semiconductor Engineering (ADR) [[ASX]] Turkey: Turkcell Iletisim Hizmetleri A.S. (ADR) [[TKC]] UK: BP plc (ADR) [[BP]] UK: [[CGA]] UK: [[TRIN]]

Okay, no more playing around. It’s time for the robots at Goldman Sachs to “mushroom cloud” the bears inside of their short positions aka “homo boxes.” The underpinnings are present for a huge rally, all thanks and praise to the Goldman algorithm, of course.

Based upon a random hunch, with a little wishcasting mixed in, I’d say Tesoro Corporation [[TSO]] has a better than average chance of hitting $15, before the end of September. Additionally, I think it’s fair to say, all of my positions are undervalued, most notably Starent Networks Corp. [[STAR]] , Sonus Networks, Inc. [[SONS]] , Flotek Industries, Inc. [[FTK]] , TerreStar Corporation [[TSTR]] , General Cable Corporation [[BGC]] , Sunstone Hotel Investors, Inc [[SHO]] , Complete Production Services, Inc. [[CPX]] , TeleCommunication Systems, Inc. [[TSYS]] and TEKELEC [[TKLC]] .

Since yesterday, gold has been the #1 ranked sector in The PPT. And, today, we have a break-out, in a variety of gold stocks, including Rubicon Minerals Corp. (USA) [[RBY]] , Compania de Minas Buenaventura SA (ADR) [[BVN]] , IAMGOLD Corporation (USA) [[IAG]] , Royal Gold, Inc. [[RGLD]] , just to name a few. So you know, Northgate Minerals Corporation (USA) [[NXG]] is the #1 ranked gold stock and #2 overall, in The PPT.

With my money, on a fast paced Friday afternoon, I am thinking about buying some Corning Incorporated [[GLW]] back, buying the dip on [[ENTR]] and initiating a position in [[RAX]] .

No one wants a boring economy. While some of you coffin stuffers jerk off to the unemployment line, Ben Bernanke is “slap-chopping” the economy back into shape. Forget about your regular run of the mill economy, sans the pickle and ham. With the new “slap-chop” economy, we are readying to “enjoy” the splendour [sic] of run-away, “burn your fucking house down for heat” variety of inflation.

Think about it.

Once world growth returns, spearheaded by the sweat-shop masters in the East, oil is going to pop your head off. For fucks sake, oil is $70 now, while the economy sucks dick. Once it quits being a homo, oil is going to rocket to $200+, sending your bullshit car to the parking spot, permanently. Keep in mind, despite $70 crude, the land based exploration market is dead. Rigs are stacked to the moon, much to the annoyance of asshole companies like Flotek Industries, Inc. [[FTK]] . It is a subject worth discussing, over several bottles of high grade Scotch: why the fuck is the land based exploration market sucking so much dick?

Look, the market is supposed to retrace and you are expected to give back gains, following an epic run. My bet, the economy will continue to improve—into the holiday season, thus sending all of the new short sellers into foreclosure proceedings by mid 2010.

Into this weakness, my top picks will be: Starent Networks Corp. [[STAR]] , Sonus Networks, Inc. [[SONS]] , Tesoro Corporation [[TSO]] and Corning Incorporated [[GLW]] (thinking of buying it back tomorrow).

UPDATE: Danny does video.

[youtube:http://www.youtube.com/watch?v=_dRrQgQiou0&feature=PlayList&p=F23872F9EE723D29&index=2 616 500]

We have new advertisers on iBC, as you can tell by the plethora of ads on the site. So you know, certain parties are APPALLED by the profanity used on iBankcoin, since it is the antithesis of a clean corporate culture. With that in mind, you know “The Fly” is a business man first, entertainer second. So, from here on, iBankCoin will feature fewer words that are illegal to God and all of his sheep. After all, the Godly folks at iBankCoin are all about conforming to the mainstream, with the dear hopes of one day unseating Dennis Kneale and the ugliest man on tv without a mask— Zach Karabell— as fixtures on CNBC.

For your information, “The Fly” has been frustrated by this cock-sucker of a market today. I mean, for the love of malfunctioning airplane rudders, can the assholes who operate this market make up their cocksucking minds already? I am here, literally, throwing objects around my office, trying to kill people—due to the insanity known as the mother fucking stock exchange. If you are a young punk-kid, graduating from college, DON’T enter the field of money management. It is wrought with corruption, stress and outright fuckery.

I wake up, in the middle of the night in cold sweats, saying to myself “self, you should have been a Doctor or a fucking space alien magician.” Instead, I get to deal with ingrates, on a daily basis. You think people are happy to be up 120%, during the worst investing climate known to man? WRONG.

These fuckers are never happy, always bitching about the last missed opportunity. Granted, some people are normal and enjoy the luxuries of having a fucking rockstar for a money manager. But, for the most part, like most of you, THEY ARE FUCKING INGRATES.

One day, you will see, watch me, I will just disappear—off to Ireland or some shit to become a Leprechaun. I will go back to my roots and run the green fields with my goats, while throwing molotov cocktails at my neighbors’ cottages, all the while smiling.

As you know by now, I am digging in my heels with this market, not really giving a fuck about the pervasive weakness. I like Tesoro Corporation [[TSO]] , Starent Networks Corp. [[STAR]] , ANADIGICS, Inc. [[ANAD]] , General Cable Corporation [[BGC]] and Sonus Networks, Inc. [[SONS]] , no matter what the corn-cob fuckers on the teevee say.

Right now, the market is like a perilous time bomb, disguised as an ice scream sundae—a banana split if you will— with cherries on it. The moment you dig in for a bite—BOOM!–off with your head. Trust me, it would make for an excellent movie. This warning applies to both longs and shorts: the market is up to something very tricky—a September surprise if I might be so bold as to suggest one.

I am quite pleased with the performance of Starent Networks Corp. [[STAR]] . It is one of my top positions and it has been acting like a bitch of a whore, as of late. Out of all the 4g names out there, STAR has the most upside, being the dominant player in the core router market. Additionally, I like the action in General Cable Corporation [[BGC]] , TeleCommunication Systems, Inc. [[TSYS]] and Sonus Networks, Inc. [[SONS]] .

On the other hand, energy stocks are underperforming, which is a temporary condition. Should the market hold onto its gains today, the energy stocks will follow—kicking and screaming. On dips, I like Tesoro Corporation [[TSO]] , Holly Corporation [[HOC]] , Western Refining, Inc. [[WNR]] and Hercules Offshore, Inc. [[HERO]] .