The U.S. is Old Hat

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]] .

On a bad day, like today, why not tell the pizza faces from CNBC to go fuck themselves? After all, they make people nervous all day long, with their fucked up stories and jackass analysis. Whether you are long or short the market, the sentiment is unanimous: fuck CNBC and the mechanical rodeo horse it rides on.

All day long, friends, enemies, website people and a multitude of random fucktards were shitting their pants over today’s decline. They cite the downside volume, coupled with seasonality. They tell tales of calamity, all the while stuffing their fat fucking faces with expensive fish.

Let me tell you something, I didn’t sell anything today, nor did I buy. I don’t dance to the music that you and your homo friends prefer. “The Fly” is football fields ahead of you, with an IQ north of 155 and a market hand as heavy as a lead frying pan.

I close out today’s session, confident in history repeating itself. Certain readings from The PPT tell me we are very close, if not at, the bottom of this recent sell-off. If I am wrong, I will adjust accordingly. If not, it will go down as just another win for Senor Tropicana. And, most of you could just ignore how I nailed the market, yet again, while continuing to trade yourselves into a stupid homo box.

In the event this is the real deal, once again, go raise some cash and live to fight another day. It does not matter what your percentage losses are; they can always get worse. While, at the moment, I am not advocating any short positions; I am telling you to get the fucking cocaine out of your ears son and remember Lehman.

Go ahead and remember last year, when you were shitting the shower and pissing the closet. Your losses were so huge, so massive, part time work at Target seemed inevitable. Fast forward one year and here you are sucking grapes down your stupid neck, while feeding the local birds toxic doses of high grade fertilizer—rightfully so.

I am looking at my position sheets and it vexes me to no end that I did not lock in last weeks wins. Instead, I sit here, getting beat over the head with a homo-hammer, while the rest of you trade yourselves stupid.

Look, this is what I am planning:

If the weakness continues, for downside protection, I will initiate some downside index hedges. And, I will sell a little more, just to make myself feel all warm and cuddly at night. In addition, I am building a watchlist of stocks worthy of purchase, particularly on dips. Lastly, I will execute all of my plans methodically, rushing nothing—since I have a lifetime to bank coin.

Look at ACADIA Pharmaceuticals Inc. [[ACAD]] . Let that be a reminder to you biotech lovers; they are nothing more or less than small ticking time bombs readying to blow your arms off. Hence, I rarely buy or sell biotech stocks, mainly because I like my arms.

Commercial Re stocks are getting gunned down today—rightfully so. It is very tempting to sell short some Kimco Realty Corporation [[KIM]] and The Macerich Company [[MAC]] here. However, I made a commitment: no selling short while the crazy men are saving the world. With that being said, it’s not a bad idea to have cash on the sidelines. For a little more than 2 weeks, I’ve been sitting with (give or take) a 30% cash position. By the looks of this market, I should have sold more.

At any rate, American International Group, Inc. [[AIG]] is spooking the market today; but who gives a shit? The market needs a little fear, in order to squash the complacency and give the buyers some decent discounts. With my money, I will be buying Sonus Networks, Inc. [[SONS]] , Tesoro Corporation [[TSO]] , Holly Corporation [[HOC]] , Sunstone Hotel Investors, Inc [[SHO]] and General Cable Corporation [[BGC]] on dips.

Let this be a warning to you euro/asia-trash GQ type: America is going to rob you stupid, through various means—whether it be through war, famine or some sort of fucked up hybrid aids flu virus. Moreover, we look forward to exploiting the cheap labor pools in South East Asia, or the North for that matter. Drug traffickers are more than welcome to flood our streets with heroin, providing it keeps the proletariat docile.

Through unchecked greed and outright carelessness, we got ourselves into a pickle jar—one year ago today. Since then, we have borrowed more money than the world has ever seen, just to keep the party going a little longer—just to placate the present power structure. Fuck the future.

Some people say America will pay dearly for borrowing so much money and for not producing anything. To those people, I implore you, take a look at our Navy and Airforce. It will take China 100 years to match our current forces. By then, our hooks will be so deep into our enemies necks; they will have no choice but to obey us.

So, laugh at us all you want for making fucked up cars and bullshit blenders; we own you—despite making nothing.

This message was brought to you by a proud owner of U.S Treasury notes.