Magic Show

Before I begin my rant, I want to acknowledge the excellent work of Lord Gint, from the Masai tribe. He nailed the reflation trade better than anyone out there, including Senor Tropicana and his juicebox friends.

Gold stocks are breaking the fuck out. I hold small ABX and DGP positions. I regret selling NGD. Taking profits is always a bitch. Instead, I find myself saddled with some names that are not reacting to the melt up in commodities. My chief concern is FTK, of course. Don’t worry, I have the patience of an elephant.

If natty continues to go higher, ARD, SD and ROSE are three stocks worth owning.

As for me, well, I am having a mixed day, with gains in OVTI, ERX, SD, ATHR, RFMD, GLW and CROX, while picking sand out of my eyes long FTK, SIFY, SFE, IR, and ENTR.

With respect to IR: the stock is down due to the likelihood that they will be removed from the S&P 500, since they are moving to Ireland—fucking tax evaders. At any rate, IR is a fucking buy on this dip.

Finally, the market is in the process of making your money disappear, providing you are short, of course. I will look forward to banning Josh1ngU from iBC—forever— when the market closes in the green today. Oh, one last thing before I bowl, whoever picked CTIC in The PPT— killer job.

I’m thinking about taking on another blogger for iBankCoin. There is too much “cricket time” here, particularly during the day. In all fairness to my fucking ingrate partners, who opt to play the clarinet at street fairs, instead of contributing to the site, they have “real jobs” that require punching in a time card and fetching coffee and/or snacks for their female bosses.

Being in charge of the financial blogosphere, for over two years now, I can tell you it’s a tough racket. It’s not garbage man in the snow tough, but mentally taxing—to say the least. In order to dominate, in such a unanimous manner, there are two things that are required.

1. You have to be better than everyone else.

2. You need passion, else it’s time to fuck off and become a full time Twitter-er, if you know what I mean.

This financial website thing is not a game, whether it be about my picks, stories about rogue brokers, my retarded landscapers or my fucked up radios. Like in life, “The Fly” is in this game (blog game, gentlemen) to win.

If you are a competitor of mine (you know damn well who you are), quit before you embarrass yourself further. From what I can see, very few of you have the pizazz or the staying power to command a large audience. You will just sort of prod along, like a fucking paradiddle, banging out 2,000 hits per day.

I ask, what kind of life is that?

You Sir have the personality of a salty clam.

Oh, before I forget, here are some market leaders, courtesy of The PPT (graded by technicals aka “blind luck” only)

No.	Ticker	Technicals	Fundamentals	Hybrid Score	Hybrid Change – Daily	Hybrid Change – Weekly
1	NOG	4.73	1.95	3.54	6.95%	100.56%
2	OCLS	4.62	2.10	3.53	0.00%	0.00%
3	ISCO	4.57	2.30	3.59	0.00%	0.00%
4	KONG	4.57	2.55	3.70	5.41%	35.69%
5	CKEC	4.57	2.40	3.63	-0.27%	34.69%
6	VNDA	4.52	2.15	3.50	-1.69%	32.45%
7	ENOC	4.47	2.10	3.45	32.69%	47.23%
8	NOA	4.43	3.30	3.95	15.16%	62.61%
9	MWE	4.41	3.00	3.80	37.18%	63.25%
10	ENT	4.41	2.80	3.71	24.08%	4.33%
11	MIPS	4.37	2.55	3.59	44.18%	6.82%
12	WMG	4.32	1.80	3.23	19.63%	7.28%
13	TSL	4.32	4.15	4.24	-0.47%	19.72%
14	DFT	4.32	2.55	3.56	-0.28%	17.82%
15	AIXG	4.32	4.20	4.27	-2.06%	50.18%
16	XRA	4.30	2.15	3.37	19.50%	-4.24%
17	MRGE	4.27	2.00	3.29	48.20%	-9.52%
18	GRRF	4.27	3.00	3.72	-0.27%	20.23%
19	IFX	4.27	2.80	3.63	-1.09%	-1.35%
20	F	4.27	1.60	3.12	23.32%	25.50%
21	DNDN	4.27	1.70	3.16	22.96%	10.78%
22	BIDU	4.27	4.20	4.24	-0.93%	33.13%
23	TGB	4.26	3.90	4.11	1.48%	28.26%
24	SLT	4.26	3.90	4.11	0.74%	16.89%
25	NXG	4.25	4.60	4.40	13.40%	-3.70%

Don’t fucking ask me if the above names are “good buys” or not. I am merely providing you, the internet leech, with a public service.

Blue Radio Status UPDATE: For those of you are concerned about the state of my blue radio, BEHOLD: THE BLACK RADIO has seized control of my kitchen counter top.

[youtube:http://www.youtube.com/watch?v=PFVseEeuHKM&feature=channel_page 550 400]

There was clear evidence of rotation today, out of small caps into larger names. Take heed and allocate accordingly.

Personally, I did well buying dips in OVTI and ATHR. I really like today’s dip buying opportunity in GLW, based upon fervent demand for LCD’s in China. From what I can tell, the stock sold off, due to weak LCD sales at COST. Then again, WHO THE FUCK BUYS LCD’s FROM COSTCO?

Another big name worth accumulation is DELL. Should the stock sell off, following the numbers, I will be buying more—based upon a robust balance sheet and inevitable rebound in PC sales.

Your attempts to end the world, on a daily basis, remind me of the rantings and machinations of none other than Pinky and the Brain.

With my money, as always, I will continue to work against you.

I bought 10,000 ATML @ $3.87.

Keep buy SRS, you FAZtard. While you are busy, diligently erasing your childrens inheritance, “The Fly” will be adding digits to his mystical, yet substantive, brokerage accounts.

As predicted, commodities are off to the fucking races, rogue gorilla in a Zoo style. My bountiful ERX position (2nd largest holding) has been punching mustaches off all day long. My sense, that fucker spills into the 40’s soon, taking bear guts with it.

We are in a very simple market. The banks have been quarantined and the Government is interfering with the business cycle. There is so much ambiguity out there, investors are opting to go long, since it is too early to know if the recent rebound is legitimate or not. Plus, with oil racing higher, there is a distinct presence of reflation creeping back into investor psyche. This explains the rich prices in copper, gold, silver and food commodities.

In short, financial engineers need to allocate funds somewhere. For the moment, the economy is taking a backseat to liquidity pools, with regards to how they are allocated. There is proof that economic activity is rebounding, but from very low levels.

I will remain bullish until the Dow hits 10,000 or if new evidence suggests world wide end user demand is back in the shitter. Until then, I will continue to buy the dips, much to your chagrin.

Top Pick: GLW

Just shut-the-fuck-up-already. If I hear that any of you little trollops are talking shit again, on this here blog, I will track you down, like the dogs that you are, and have your eyebrows punched off.

Today’s treasury auction went well; are you happy? Look, this is the only game in town. How in the world do you suggest that foreign banks/governments will—all of a sudden— stop buying our debt? To do so would be equal to driving a car, made from dynamite, into the sun: we all know what happens when people do that. Geez.

I declare: Let yesterday’s decline be gone, and it shall be so.

I sense a squeeze. I want to get advantageous right here, buying up some of my favorite names, while they are down, including OVTI, GLW, ENTR and ATHR.

More on this later.

UPDATE: I bought 2,000 ATHR 2 $16.10, 10,000 ENTR @ $2.25, 5,000 GLW @ $14.17 and 2,000 OVTI @ $10.22

No more fucking around for me; it’s not a game anymore.

Into weakness, I will add to my GLW position. LCD sales are ripping and manufacturers are bitching about supplies. My guess, margins are improving for the world’s #1 maker of glass substrates.

Also, with inflation back on the radar, I am feeling better than ever about my FTK, WNR, SD and FSYS positions. If I was not fully invested in the sector, I’d buy more here.

For longer term oriented holdings, I will add to both IR and GME—today—fuckface.

For small cap fun, I like RFMD, SFE, CROX and SiFY.

Now go play with some marbles in the middle of a busy freeway.

196-173= 23 reasons to shut the fuck up.

UPDATE: Okay, I am finally able to sit down, chill the fuck out, and blog like the wind. There are too many bearshitters on this blog. You all need to pack up your fucking bags and head on over to lesser quality, conspiracy theory blogs. Or, you can just fuck around in the Peanut Gallery, reading the missives from Josh or other fucktards of this cloth.

Rates are supposed to go higher. Instead of thinking: “OMG, this is it. The USA is going out of business.” You should chuckle, in a dark oak paneled room, thinking “how can I profit from this?”

As the epic bubble in treasuries unwinds, effectively crushing the idiots who stayed in that trade, financial operators will bid up commodities. I do not need, nor seek, your approval. You are nothing to me, equal to bubble gum machines inside of grocery stores: readily ignored. Circle jerk all you want, but I am in this game to bank coin—not to run for public office—like some sort of misfitted assclown.

I want you to be honest with yourself, as I was honest with myself 8 weeks ago, after missing out on the second leg of the market bottom (I did indeed catch the bottom, fuckface, check my trades).

You are bearish in the sun and also in the shade. You are bearish drinking scotch and also lemonade. You are bearish all the time; for so many reasons, I cannot make them rhyme. It is the pinnacle of being a market rookie, when you get your face bit off, everyday— by a monster— as if it (your fucking face) was made from a big fat cookie.

What a conundrum.