Fly Buy: FED

I covered some of my [[FED]] short, buying 5,000 @ $14.85.

I bought 1,000 [[VSE]] @ $6.76. And, I bought 1,000 [[FTK]] @ $17.

Disclaimer: If you buy VSE or FTK because of this post, your local grocery store will run out of corn. And, you may lose money.

I just got back from 4 o’clock. The market will trade lower today.

You’re welcome.

Fly wins again, in advance.

I sold short 2,000 [[CHL]] @ $73.80.

Disclaimer: If you short CHL because of this post, when China conquers the U.S., they will find you and dispatch you to a work camp, where you will mine coal. And, you may lose money.

This is what investing is all about. What the fuck am I talking about, you query?

It’s all about waiting around for category 5 ‘canes of destruction, then banking coin off it. Naturally, your knee-jerk reaction is to be appalled by such jargon. Quite frankly, I’m beside myself writing it.

However, I will tell you, those fucking hurricanes are good times, for us New Yorkers. As you know, during hurricane season, which officially kicks off in a couple, “The Fly” is your resident meteorologist up in this bitch. Readily, I make wild predictions, backed up by weather patterns and I reference history (aka old propaganda) as a guideline to find potential “money makers.”

Just know, the Godly folks at iBC have a presence down in the “funhouse of hurricanes.” Upon danger, I will have Ragin Cajun choppered out of his local swampland and scurried along to safety, so don’t worry.

In all seriousness, as opposed to joking and offending, I am ready to start buying natural gas stocks, with great vigor. Typically, I just go long 500,000 shares of [[NGAS]] around this time of the year. However, that company is gayer than a 3 legged statue of Liberace.

Instead, I might go with [[SWN]], [[TXCO]], [[GLF]] or [[GLBL]], amongst others.

By the way, I view the earnings miss at [[JCG]] as a very serious hit to the retailers. JCG is best in space, run by a genius. For them to miss and warn must mean everyone is poor. Quite alarming.

Energy stocks are rebounding today, after yesterday’s panic. I am looking for a reversal in [[RIG]]. There can be 5 points to be had there, short term.

The banks are weak again. What can I say? People hate them.

Until proven wrong, I’ll stick with my long energy/short banks investment approach. However, it’s worth noting, at the present, I do not have any bank shorts, with exception to the jackasses at [[FED]].

I’m not a fan of the farmer. Never have been, never will be.

Fuck the farmer and his bushels of corn.

IT guys are glorified servants.

[youtube:http://www.youtube.com/watch?v=_W9kcxdPPjk 450 300]

If it weren’t for the sharp decline in crude, the market would have dived lower today. No one is believing the “long financial” story, as readily seen in the failed breakout of [[LEH]] today.

I’ll have you know, “The Fly” is too busy to fuck around with “rabble rousers” on the internet.

I did not add to any inverse ETF’s today. I was too busy helping corn dive lower.

Sometime soon, [[SRS]], [[FXP]] and [[SKF]] will be buyable again. Moreover, right now, [[FED]] is a sweet short, unable to stand up like a fucking man, in the face of a market rally.

I kick old men down open manholes, all the time.

I like ethanol, mainly because all of you fucktards dislike it. And, I like to bet against [[POT]], because the people who buy it over $200 are mentally ill.

Net, net, I gave back 1.2% today, bringing my year to date return to a mere 26%.

Fuck you, I’m better than you, in every way imaginable.

Should [[RIG]] trade to the $140’s, I’m diving in head first.

NOTE: Tomorrow we trade lower.

Finally, corn is breaking lower. Do not misconstrue this post as some sort of endorsement for technical analysis– oh no. It’s just the easiest way to show you the pending doom and destruction those fucking farmers face.

Let corn come down and fertilizer costs gap higher, I always say.

Adequate ways to play the fall of corn is to short [[GRU]], [[JJG]] or [[DBA]].

However, the best ways to profit from a weak grain market is to buy the 200% inverse agriculture ETN: [[AGA]], which consists of corn, soybeans, sugar and wheat.

If you are a straight gangster, wanting to profit from the demise of all commodities, [[DEE]] is your play. DEE shorts crude oil, heating oil, aluminum, gold, corn and wheat, at a 200% clip. In other words, “fuck the farmer” and the oil guy.

The 200% upside ETN’s are [[DAG]] and [[DYY]].

NOTE: As you know, my favorite stock ideas, for a fucked corn tape, are [[VSE]] and [[AVR]].

NOTE II: If you’re interested, the prospectuses can be found here.