Gluttonous Bastards!!!

I am “King Cock.” With every market move, my stardom expands. While most of my competition jumps from rooftop to rooftop, in the middle of furious thunderstorms, with lightning rods in their hands, “King Cock” smashes battle axes into skulls of idiots.

Despite all that, I insist, the market cannot go up forever. I mean, at some point, people will get fat and lazy—picking up on old habits, like short selling. Ahhh, the misery of a bearshitter: I feed my soul with it. Granted, it is a character flaw; I knew that back when I was 7, after tossing my friend out of a tree—on his nose. Nevertheless, “The Fly” would be nothing without something or someone to hate on.

Gleaning over my accounts, my cash position is above 42% and rising. My only purchase was Sociedad Quimica y Minera (ADR) [[SQM]] , since I was told to do so with a sense of urgency.

Bottom line: don’t be a pig faced glutton. Go take a brown bagged a 40oz. of malt liquor and loiter with it, in front of your neighbors house, instead of chasing stocks here.

UPDATE: I sold out of Sonus Networks, Inc. [[SONS]] , @ $2.19.

I bought 5,000 Sociedad Quimica y Minera (ADR) [[SQM]] @ $39.50.

Disclaimer: If you buy SQM because of this post, you will lose 30 IQ points inside of a year. And, you may lose money.

I’m hearing great things about [[SQM]] , with regards to its dominant lithium business (think cellphone batteries) and their soon to be ramped the fuck up potassium business (think fertilizer). The company is in the midst of making the biggest investment ever, into expanding their fertilizer division, going from 186,000 tons in ’08 to 1.5 mill in 2013. And, the company stands to benefit from the psychopathic green movement, with regards to electric cars and solar energy plants, vis a vie their lithium and nitrate divisions.

All in all, [[SQM]] is a stock worth pursuing, especially on dips. Moreover, it falls into both my 4g and foreign investment thesis— a win-win if you will.

Early going, the market is weak, led by losses in commodity related names and tech. In short, I still believe we are due for a minor pullback, to the tune of 3%. Hence, I am sitting with a cash position, just north of 40%.

It’s amazing to see retards make it out of the credit crisis alive, such as the foolish folks at Pzena Investment Management, Inc. [[PZN]] , Janus Capital Group Inc. [[JNS]] and even BlackRock, Inc. [[BLK]] . One year ago today, I thought for sure PZN was a fucking goner, them and all of their bullshit bank stocks. There is a lesson to be learned in all of this, which is: no one knows dick. We are all better off slapping each other in the faces with tuna fish sandwiches, than fucking around with asinine predictions.

With that in mind, I am predicting a minor sell-off into mid October, followed by a HALLOWEEN SURPRISE.

Top picks: Flotek Industries, Inc. [[FTK]] , Sociedad Quimica y Minera (ADR) [[SQM]] , Barnes & Noble, Inc. [[BKS]]

Summertime is over and it’s time to get serious again.

With that in mind, my man, Chuck Bennett, will be escorted back to the Peanut Gallery, starting 10/01/09. Everyone loves a good Chuck; but I need to do a little trimming. Additionally, Mr. Treu, as much as I laugh at his humour [sic], offers zero value for stock investors. As a result of this horrifying fact, he is a goner. And, finally, with the hurricane season over, Dr. ‘Cane hits the bricks.

Let it be known, I will hire all three, once again, during the summer of 2010—mainly to liven up the moribund nature of the site (think Woodshedder).

As for adding new bloggers, I am always on the lookout for talent. So, if you are interested in gifting the world with your presence, keep posting in the Peanut Gallery, for I might just pluck you out, pay you a salary and put you on the road to unmatched riches.

[youtube:http://www.youtube.com/watch?v=EAZq74-Qe7g 616 500]

While you sit there, in your bullshit pleather chair, stupefied by the gangsterism of this market, “The Fly” banks coin.

You shower yourself, fully clothed, sucking down a bottle of Jack, and still—“The Fly” banks coin.

Your wife divorces you because you are a selfish dipshit, and still— “The Fly” banks coin.

This is not rocket science people. If you are too dumb or inexperienced to game this market, join The PPT and learn from a real trading community/analytic Godsend. Fuck you and your asshole twitter feed. When stuff is free, it attracts misfits aka losers of the worst order. Anything that is worth paying attention to has to be paid for. Trying to live life like a vagabond muttonhead will get you exactly where you deserve to be: NOWHERE.

Le Fly is a creator of wealth; what do you do for a living? My guess, you simply waste time.

For the day, I made egregious coin, long Flotek Industries, Inc. [[FTK]] , Sonus Networks, Inc. [[SONS]] , DryShips Inc. [[DRYS]] and General Cable Corporation [[BGC]] , amongst others. As you know, I will continue to sell into this rally, as evidenced by the sale of my beloved Starent Networks Corp. [[STAR]] . At the present, my cash position is nearing 40%.

I sold out of Starent Networks Corp. [[STAR]] , north of $26.25.

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.