Asian Stocks Running with No Socks, in Early Trade

By the way, Woodshedder purposefully requested the term “get more wood” title his previous two posts, on the front page.

Somewhat gay, no?

NOTE: This post will be hitting google news shortly.

NOTE II: Oh yeah, aside from China, Asian markets are up about 1.3%, in early trade.

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

[youtube:http://www.youtube.com/watch?v=jLZ2aQz8KVE&feature=related 450 300]

A rather benign day.

God willing, the bears will get coal for Christmas, enabling the bulls to get drunk, throw “rich man’s whiskey” around the dinner table, while eating large quantities of high end chop meat.

Once again, “The Fly” was busy, on the phone all day, talking to richer people than you. I can tell you, people are thinking opportunistically, sifting through the carnage—elbowing into beaten up tech and financials.

Today, I enjoyed big dicked gains in FTK, CFC, SPF, LFT, VMW, FMCN and CN.

Also, as you know, I sold short TIF, and bought some DCR (inverse oil).

All in all, today was a “best case scenario” for the bulls. Should the rally continue, saddle up to beaten down basic material stocks, like RS, X and ATI.

Finally, this VMI fucker must move. It’s impossible that LNN is near new highs, while this “waste of alphabet letters” sucks crack pipe.

Once again, top pick is VMI.

I bought 1,000 DCR @ $15.88.

Disclaimer: If you buy DCR because of this post, peak oil will come to fruition. And, you may lose money.

I bought 2,000 MVIS @ $4.12.

Disclaimer: If you buy MVIS because of this post, your only son will grow up to be a mortgage broker. And, you may lose money.

Sometimes, upon over caffeinating himself, “The Fly” makes overzealous financial decisions.

Thus far, I’ve sold a little VMW, which I bought 10 bucks lower. Also, I have initiated a TIF short position—into earnings.

Normally, I would never bet against “the rich man.” However, I feel like doing it now.

Looking at retail, it is a mess. Today, MW, BONT, ARO, SHLD, CTRN, PERY, PVH, amongst others, are receiving the “homo hammer of death.”

My point: although it’s fun to say ignorant things, like “fuck you, you’re dead,” or “kill the bears”— be careful.

While enjoying the relief rally, do not forget the pain of last week.

In short, it makes sense to build a 10% cash position, with another 10% in short positions, just in case.

Viz.

I sold short 5,000 TIF @ $48.16.

Disclaimer: If you sell short TIF because of this post, your neighborhood will become an Italian mobster hang-out. And, you may lose money.

I sold 2,000 VMW @ $90.67.

As you know, the other day, “The Fly” promised the internet a short list of stocks that were worth “going short.”

Here it is:

TIF

With earnings coming up, my guess, the high price of gold is hurting their stupid margins. Plus, the consumer is knee capped.

Looks good to sell—down to $39.