Look at that BODY

When screening for companies putting up great ROE numbers, sporting a low PEG, and having short float I came across BODY. Then I pulled up that chart and it’s a buy. The company came public near the end of 2010 and has performed well since. The stock price has appreciated rather orderly since late August and now sits near 52 week highs aka easy street investing.

If you’re looking to add retail exposure to your portfolio, I suggest BODY. They’re a low priced women’s retailer with tons of room for growth. Have you ever seen a girl tear into one of these stores? We all know who wields the retail spending pen.

My channel checks down in Florida where the company has several stores says, “never heard of it.” Her lack of recognition troubles me since she’s huge into retail. Body Central definitely hasn’t reached Free People status, nor do they have the high price points. But on paper they look like a good bet and on the charts they look like a great bet. They have several stores slated to open this year and seem to be managing their growth well.

I got about half my position on this morning, and depending on how she trades going into the close, I will look to ADD, non-attention defect style.

And for the ladies, LMFAO:

I’m truly impressed by the strength of this market. Sitting at my trading turrets far from the major financial hubs of America, I can only imagine Wallstreet and Chicago overrun by wild baboons so zinged and jacked they no longer have fear. They only see opportunity, everywhere and are elated to let their stock market winnings ride.

You know what happened to my portfolio last May? Scrodum punched to the tune of 9.5% down. Down 3% more in June. I was buying ANV and EXK and other miners all like, “Damn, Gint is rich as fuck and pens his thoughts so well.” I was corrected. The market will correct the shit out of you and test your convictions. Obviously these halls are hemorrhaging with sage stock picks and advice, but if you don’t have your own methodology to custom tailor the positions you’ll be GRAPED in a most humbling manner.

Flash forward to the end of December and I’ve been minting coin. It’s like the blogger network marked the beginning of the greatest rally I’ve ever experienced. 2009 snap back was swell indeud, but this rally is run by madmen with no care for risk management. I say anyone can look good in this market, but in reality a modest participant with reasonable goals must be heavy in cash and hedged by this point. I’ve been at max 65% long during this madness and for about two weeks I’ve had TZA going MF Global on my account. Still I’ve recuperated all my 2011 losses and my account sits near the high water mark. I find all this incredible and like The Fly imagine what being fully vested into this ramp up could have done.

So I say to you, look not upon these markets with disgust or disbelief but instead pick your spots and run with the baboons. We’re looking at a sea of opportunity. That’s epic.

Aside: This is FB people. Stop hating on it. Buy GSVC so I’m not the last one holding the bag.

Regards

I want to write to you dearest interwebs on a daily basis as it sharpens my vision. I will find the time soon as I abhor mediocrity. I reread my posts constantly as they reflect my past thought process and perception on positions I still own. Honestly half the view counts on my posts are my own. Fuck it if that bothers you. I’m far from ranking in my beloved iBC blogger network.

Do you take time to read the fantastic posts being produced in these parts? If not, you’re missing out. Writers like Henry Fool will do tons of legwork and provide their findings. Then if the research looks good and you like the picture on the charts, boom: take the position. DVAX, I know only what Fool’s told me of the company, but the chart looked great. The ROE numbers suck ass, but it’s just a trade.

My stock of the year ENTG pisses me the fuck off. They had a great earnings announcement yesterday, trumped expectations and guided inline only to gap and fade. I nearly top ticked yesterday adding to my position over $10. ENTG looks great on paper, ROE numbers are solid and they’re a supplier to all the semiconductors. They’re selling the picks and such to the gold miners, so to say. It wants to rip and roll ten dollar style.

HFC I bought near the end of December, but never got a whole position. And the fucker hasn’t. pulled. back. once. Unreal…I will buy more but will wait for a 5 to 10 percent correction.

Other holdings: AWK, GSVC, RGLD, RTK, TZA, WFM

I have no allegence to the above names. I really want to sell RGLD and RTK, as I hate the letter R.

TZA…LOL I guess I’ll look at it like RC does. Giving me confidence to swing at shit stocks like RTK.

Us guys, we go out and work, sometimes for days on end and often to the wife’s chagrin. As rewarding as our toils can be, the market can take said bullshit work and jack it the fuck up. The market doesn’t care about your channel checks or charts and such. Do you blame a river when it washes some Tennessee straw hat town off the map? No, because it’s a river. If you find yourself blaming the market for flushing your ideas and accounts down the river, you’re fucked.

However, pros get excited when their work pays off and their clients get downright giddy. The Fly mentioned how the indices weren’t telling the whole story on shorts and the grand murder holes they’ve stepped in. What I’m focusing on right now are stocks that people are doing work on, with expectation of higher prices and whether or not their work will pay off, or pay 0ff.

Coming into earnings season I see tonnes of charts setting up, but I will focus on my S.O.T.Y. pick ENTG to hammer home the message I wish to convey. Take a look at the following news flow:

Yeah I know, these fuckers are doing work. Not ENTG or its management, but generators of news flow. News like that isn’t cheap; almost feels like a pump. And if you pull up a chart on the name you’ll see a stock that looks poised to break out. The work is done. The question is, will these collective works pay off or will this and other story stocks disappoint? I lightened up on the name today when it failed to thrust, but I retain about a half position. Now it’s time for me to sit back, and let the stock do the work.

I own RTK since the mid $1.40s. What a bizarre stock. This piece of shit trades over 2M shares in a three penny range. FUCK’in joke. Their business is a joke, their stock is a joke, but my position is no joke. I’m attempting to milk this turnip. So far I’ve been on the receiving end of a smooth drift lower.

Today I decided I will either cut the loss off, or double down. This decision came down to a ceremonial trip to the urinal. When dealing with bizarre stocks with bullshit business models, I base my investment decisions on whether or not I see a certain miscreant in the hallways, a mysterious man who roams my building reeking of booze who is often taking a piss. If he’s seen, take heed and sell. If he’s nowhere in sight, buy buy buy.

The drunken bozo was nowhere to be seen today, thus I doubled down on this turd, RTK. Aside from said stock buying practices, we could see support here and stocks only move while we sleep. See the following chart supporting the case:

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My greatest fear is more sideways shit. I want resolution.

I present for your attention the current situation with HFC, a Fly favorite in a Fly favorite industry. I’m long. And I want to see a close above $24.18 to get confident about this position going forward in the intermediate. Have a look at why, via the following daily and weekly charts:

My sell target is high $26’s. But there is risk this bounce won’t stick. I’ll cut the position if we lose $21.50.

May your looking back at 2011 provide valuable insight and your 2012 forecasts prove accurate.

A high beta semi name that I currently own from mid 8’s. If I liked it mid 8, I love it at 8. The way I see it, the daily’s are aligning support city around eight:

And on the weekly, I see clear skys on a breach of nine and room to run on the CCIs:

Stop Loss around $7.00, Target One around $10, Target Two $12+

I want to buy more stocks, and HFC has the look of something I want to own. Fly’s bullish on the sector, the books are solid, and I like where price is.

As far as price goes, the following are my thoughts on entry:

The daily chart looks a bit extended to the upside, thus I stalk, and look to enter on a pullback if the buyers sop it up.

UPDATE: I just reread my chart commentary and it sounded something like this, “Dah, me thinks dat stock go up and me buy and then stock go up dahh.” But I will leave it up and relish in how much I dread talking technical analysis.

I’ve been leery of RGLD at these prices for a while, and Fly’s graceful exit was enough for me to take half my position off. RGLD also has a cup-n-handle pattern forming. Seeing how participants react to this homo coffee cup formation will be telling. I drink my coffee straight from the pot and thus lend no credence to anything resembling a coffee cup.

Yesterday I sold LULU in the morning and felt like a fucking piker the rest of the day. After succumbing to the overlay for the underplay on LULU, I called all my Canadian friends and demanded protection money else they find a moose in their bed. I also trimmed off a tiny piece of my ADS while it performs the ceremonial hundred dollar roll.

I want now some small cap exposure. I bought some ENTG, STP, and RTK. I despise these stocks and don’t intend to hold them long at all.

I don’t like the action in the Euro dollar today, and I’m monitoring the situation closely via the six-e. If the currency does roll lower, I may need to do the stingray shuffle into cash and hopefully avoid taking a fucking barbed spear to the foot.

I like the price action today in WFM and used the recent pullback to increase my position. WFM has room to run here. I’ll trim some off around $72.00 but ultimately I think this stock goes higher, MUCH HIGHER!

The bounce is underway, and anyone who wants to own quality stocks into the yearend now must pay up. I’m still keeping a close eye on the Euro dollar, via the six easy-z’s. I want to see the currency go for a price discovery trip to the upside.

Other than WFM, I added to ADS with an expectation that the one hundred dollar breach, if held, will lead to $115 prices, maybe more. The stock has upside room going into year end.

Remaining positions include RGLD, AWK, GSVC, and a touch of LULU. LULU is not ramping like I want to see yet and may get cut. However, if LULU breaches $50 with some authority, I’m a buyer of strength.

I still have some cabbage on hand, about 40 percent.

Today is the rudder that steers us into the next few weeks, and it appears we go higher.

http://www.youtube.com/watch?v=g72IyGJhdVs&sns=em