“I Cut Out the Eye That Looked Away”

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I sold short 1,000 [[POT]] @ $185.

Disclaimer: If you sell short POT because of this post, the price of rice in China will be your death card. And, you may lose money.

I sold 5,000 CORS @ $9.55 and 5,000 WB @ $28.92.

There is no better feeling in the world than experiencing pure joy, over a large can of Monster Energy Soda, while watching the fuckers from POT eat pavement. It’s about time someone had the ball sacks to downgrade the stock.

Thank you RBS.

In other news, TSCM shit the shower. Is it any surprise? Really.

I mean, I love the work of Rev shark and some of the other random contributors, but let’s face it; that site is built around Cramer. Even at $8, the stock is extremely pricey. In my opinion, the stock needs to find a home around $5.

WB caught an upgrade, out of sheer fear that “The Fly” would be angered, is my suspicion. At any rate, I am quite pleased and will be selling my shares, shortly.

Look you, I have no time to fuck around with imbeciles on the internet. “The Fly” is a very important man, with dozens of “irons in the fire” and multiple wins in his pocket.

I can only tell you, with utmost sincerity, I despise elderly people and their bearish ways. It is no secret, I relish the opportunity to catapult unsuspecting bearshitters into a field of cacti.

Regarding the market:

Common sense says to short everything in sight. However, price action dictates otherwise. The reason why we are undergoing multiple expansion is due to a rosy 2nd half outlook. The earnings comparisons from Q4, ’07 to Q4, ’08 are absurd. We are expected to increase earnings by a whopping 62%.

I believe it makes sense to milk this rosy outlook as long as one can, without having to actually see the proof. In other words, trade this rally, as if it were the last rally of your life.

Top pick: short POT

A tale of two cities, in a sense.

Deutsche Bank upgrades Wachovia (WB 28.69) to Buy from Hold and raises their tgt to $35 from $29, given a view that recent capital actions are the last and a stock price that trade at only 80% of est. franchise value of $35/share

RBC downgraded POT to Outperform from Top Picks with a $300 tgt based on recent share price appreciation. Since the announcement of the Indian potash contract on March 20, 2008, the firm notes POT‘s shares have appreciated by 34%. Firm says their positive fundamental outlook for PotashCorp remains unchanged. The firm also says looking forward over the short term, the news flow is likely moderate with the next focal points being (1) PotashCorp’s Q2/08 earnings release on July 24, 2008, and (2) further spot potash price increase announcements likely in Q3/08 or Q4/08.

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NOTE: This is a “paid advertisement” from the “Elect Dpeezy” campaign.

NOTE II: If any of you internet leeches aka advertisers would like to sponsor the iBC elections, email me @ flybroker at gmail dot com. The rate will be egregiously high and will offer you very little upside, fyi.

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Naturally, I am joking. But, all of this fervor for fucktarded fertilizer stocks must end—badly. On the back of upward surging financials, I expect to see the “farm fuckers” to suffer a great deal, via much lower equity prices.

Ironically, SMN looks good here.

During today’s trading, we did nothing. Most investors are skeptical about taking a position, prior to Chief Rocker, Ben Bernanke.

With my money, I will continue to nibble at WB, LAZ, CTRP, HANS and UYG. However, at the same time, I still have massive positions in SRS and FXP.

Essentially, my recent flurry of long positions has made me market neutral.

With regards to MVIS:

The company is hosting a luncheon in Manhattan tomorrow. I will not be attending, due to a “busier than God” schedule. However, I will have one of my spies in attendance. I will let you know what he learns.

BWLD is breaking out, by the way.

It feels like early 2007, all over again.

I like the Chinese lottery tickets, for a trade. NOEC is my play.

And, finally, expect the market to throw out a flurry of false signals, over the next three days. In my opinion, your money will be best protected being market neutral.

Long financials/short ag sounds good to me.

NOTE: Sometime tonight, Dpeezy will release his campaign commercial. Stay tuned.

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I put about 25k in each of the above names. JOE @ $42.30, LAZ @ $38, WB @ $28.44, HD @ $30, NOEC @ $5.46 and HANS @ $33.27.

Disclaimer: If you buy any of the above stocks because of this post, your country club will revoke your membership. And, you may lose money.