CRUDE TO $100!

I loved oil at $125. I hated oil at $35. Now, with oil at $68, I love it again.

I’m a sucker for momentum. What can I say?

One thing is for certain: the inflation trade is back, with full force. Oil, gold, copper, hell, pretty much everything but natty is sprinting higher. Oil is at a point where it makes economic sense for the exploration companies to take their stacked rigs and put them back to work. Look for the E&P sector to continue its trek higher. Additionally, look for parts and service companies, like FTK, WFT and OIS, to begin melting the faces off of those who bet against them.

With a snap, just like that, oil service firms will be banking egregious coin, as oil marches to its destiny: $100.

With my money, I am long vast quantities of FTK, ERX, with a little side dish flavor in SD and ARD.

For the first time in a long time, I bought a bank: FITB. I am looking for a squeeze up to $9. Some of my larger cap holdings, IR, GLW and DELL, look great. And, some of my core holdings, like ATHR, OVTI, are responding well to today’s bounce back.

Just know, today is much more than a mere “bounce back.” We have significant traction in a number of sectors. Frankly, if you are short stock, you are out of your fucking minds.

Into the bell, I may buy a little more ENTR or SIFY. Regrettably, I sold out of SFE, over the last few days. One of its majority holdings, CLRT, is breaking out. As a result, the NAV for SFE just went way the fuck up.

As for The PPT: they are making buckets of coin, in a variety of insane trades, like HEB, BEE and GMO.

I bought 50,000 FITB @ $7, 10,000 GLW @ $15.60, 20,000 ATML @ $3.95 and 5,000 ARD @ $36.20 and 10,000 FTK @ $2.40.

Disclaimer: If you buy the above stocks because of this post, you are nuts. And, you may lose money.

Stocks are really, really cool. I am buying stocks, based upon their coolness and will use the certificates to line the collar of my leather jacket. That’s how fucking cool they are.

Here’s what I see, so far:

Oil up+ dollar down+tech up+ banks up= Break the fuck out banana market.

Do not fight the tape. The market doesn’t care about your thoughts or emotions. So, quit getting all emotional about your trades. Be like Woodshedder. Be the robot.

With my money, I like GLW here, a lot. I shall buy some, take a few bites out of my sandwich, then buy some more.

We shall all be suckled by The Great Whore, as the market lavishes us with gifts from the Gods. My bowl of grapes is overflowing with gold and my diamond encrusted chalice is filled with sweet ambrosia.

Off to eat a mutton sandwhich.

Bullish for semis.

Taiwan Semiconductor Manufacturing Company (TSMC) and United Microelectronics Corporation (UMC) are expected to report better-than-expected performance for the third quarter as both are seeing clear order visibility through the quarter, according to industry sources. The two major contract chipmakers have reportedly landed increased orders from Broadcom and Qualcomm.

TSMC and UMC will likely see their utilization rates running at almost full capacity in the third quarter, the sources commented. Both foundries began seeing a recovery in utilization rates in the second quarter, with monthly revenues expected to grow sequentially throughout June.

In line with the foundry sector’s upcoming rebound, major wafer packaging and testing houses Advanced Semiconductor Engineering (ASE) and Siliconware Precision Industry (SPIL) will also enjoy improved revenue performance on extended order visibility throughout September or even beyond, the sources indicated.

My picks are SPIL, KLIC, AMKR, ASX, TER and CDNS

In other newz, The President is getting his chain-game on, Mr. T style. I am sure that chain carries an antenna that will transmit “fuck America” frequencies, enabling the Saudis to control Vice President O’Bama’s pigeon sized brain. Do not be surprised to see “The O” wearing that shit everywhere: around the White House, all casual and shit, during press conferences— and most assuredly during declaration of war speeches.

[youtube:http://www.youtube.com/watch?v=nx5fBo1EO2M&feature=related 616 450]

You fucking bears are pathetic. Is that the best you could do, -.72% on the fucking Dow? Are you fucking kidding me? All jokes aside, I don’t want to hear a Goddamn thing about your bearish picks on iBC. Take that shit to the yahoo message boards, where you belong.

BAM, next thing you know, me and my green shoots, recklessly, are throwing mustard seed gas grenades at your general direction.

Do yourself a favor: cover all of your shorts and donate the proceeds to charity. Go help out kids with cancer. If not, I am just going to take your coin and buy new cars with it.

Into the bell, I am down around 4%, with a chestful of pride and hate built up, ready to bowl on you stupid bastards from here to Timbuktu.

Aside from that, I am in a rather pleasant mood today.

Be well.

Top pick: GLW

What a fucking snoozer. Judging by today’s action, it looks as if Senor Tropicana will have to write in a loss. Don’t be concerned. “The Fly” shall return, with a full heart, in order to throw sand in the faces of all of you fucktards and internet cellar dwellers.

I am sure you can find great advice from one of the TIM’s, or better yet the other assholes who predict the death of your grandparents, by way of famine.

I guaranfuckingtee, the market is not done going up yet. Many of you losers are getting into this market short, on a 90 degree angle, will get spun around and raped by a pack of rogue robots.

I have lots of new ideas, which will be used to form my new investment approach. However, thus far, I find little motivation to share anything with the likes of you. You’re all a bunch of ashtray cleaning stock butlers, unable and unwilling to take what’s rightfully yours.

Upon the eyes of others, may you all fall down idle sinkholes and subsequently get swallowed whole by mythical fire breathing dragons. In the meantime, I’ll be on The PPT, where reason and honor is still readily abundant.

I took egregious profits (15-20%) in both RFMD and FSYS this morning. At current levels, my cash position is north of 20% or more money than you can fathom.

What am I really doing here? I am shoveling shit back and forth, creating nothing, simply taking dust and building mountains with it. I am dealing with the rubble of an empire in ruin and profiting from it. Fuck it, someone has to do it so it might as well be me.

I am not feeling today’s tape. It has a certain feel of “Dykstra” to it. But, at the same time, I respect the rally enough to forgo any short selling expeditions. My strategy is to raise cash and buy dirt at a discount.

Some of my go-to names are GLW, OVTI, STAR, FTK, GME and ATHR. Additionally, I will buy energy names on this fucked up drop, starting with ERX, then ARD and SU.

There is an appropriate price for everything. Just because the economy sucks, that does not mean the Dow should trade at 8,500. Maybe the Dow belongs at 10,000 or 10,500. Who the fuck knows? One thing is for certain: many stocks are ticking time bombs, readying to go “BOOM” in your pikerfied portfolios.

I recognized my overexposure to the small cap world about a week ago— and have been steadily taking profits on such said names since then. Granted, every so often, I delve back into the dark underbelly of the market, via an egregious FNSR purchase. However, for the most part, I am trying my best to steer clear of queers running around in purple underwears (that made no sense, but it fucking rhymed, so fuck off Ringo).

My year to date gains (65%+) are somewhat ridiculous, considering the year is so young. Truth be told, ever since I’ve been blogging, my market hand has improved, year in and year out. Back in the old days, pre-blogging, I wasn’t obligated to discuss the market and/or review all of my trades, in such a micro-managed way. Despite all of the setbacks, such as dealing with degenerate losers on a daily basis, blogging has been good to me, with regards to holding my feet to the fire—making me a better trader.

Much to my chagrin, it appears the market is about to let off a few howitzer rounds to my face today, by way of a down market. Believe you me, the market needs a few down days, in order to let more people into the market. We’re in the midst of a V shape recovery amd every asshole with a ruler and brain knows it. There is no debating that fact any longer, so quit denying it.

The million dollar question: will the V shape recovery fail and/or get derailed by stupid banks or excessive commodity prices? At this stage, I am not worried about a weak dollar. Instead, I welcome such fuckery, with all of my might and fervor. The only thing that keeps me thinking “asshole, take your profits and run,” is the prospect of greater than expected write-downs at the banks. As of now, the banks have been quarantined and do not pose a significant risk to the market. But, that can change, over time, as the rally matures and investors look to profits and growth, instead of a cessation of the apocalypse.

With my money, barring a significant opportunity, I will remain idle today—eating sandwiches and such. Sometimes the best trade is no trade at all.

NOTE: My cash position is approximately 15%.

UPDATE: I sold out of FSYS, north of $22.50 and RFMD, north of $2.90.

Quick question, what do you get when you combine a piss-ant with a chart? The winner shall be lavished with a 12 month supply of pig vomit and black angus horse burgers.

Do you people really work hard and stupid or just lazy and smart? It is rare to find people that work hard and smart. Most people I know fall asleep at their desks, while looking at soft porn, similar to the stuff Uncle Fucker is posting these days.

For the most part, I am quite pleased with the general direction of the site. There really isn’t much bad advice being dished out, unless of course you are an avid gawker of the Peanut Gallery.

I am thinking about turning over a new leaf, by way of “virgin blogging” aka curse free environment. I’ll have you know, in real life, “The Fly” never curses, unless on the phone with his degenerate broker friends. Cursing is all fun and games, until someone you know reads your shit and then looks at you as if you were the unibomber at birthday parties.

As most of you know, last year, “The Fly” went “virgin” for a stretch of 1 month, until the market poleaxed itself to 7,500 Dow, which represented a drop of more than 1,000 points from my promise.

The long and the short is, charts are nothing more or less than an excuse to avoid reading. Sure, stay stupid, it’s the Southern way. My guess, the majority of chart readers are halfway illiterate or find great use in nonsensical lines correlating with backward brain functions. Figure that out and learn from it; else the next time you fall asleep drunk inside of a Mexican bar, a group of pig masters will harvest both of your kidneys.