Fly on WallStreet

Last week I was uber bullish on oil stocks. This week I am bearish on the group and will not consider buying them until they get cheaper. Understand, I do not "flip-flop" because I am crazy or indecisive. I adapt to what the market is telling me and act accordingly.

Last month, my biggest position was in natural gas. However, right now, I do not own a single nat gas stock-- due to lack of tropical activity in the Gulf. Frankly, I was sick and tired of almost wishing for an f'n hurricane, which would hurt alot of people, just to make a quick buck in the market. Sick bastard!

So, I sold.

My point: This market is not forgiving. There is nothing wrong with adjusting or even changing price targets, investment methods, or general forcasts-- in order to adapt and conquer this bitch.

Some might call my investment philosophy "too volatile" or that it lacks "conviction." To them I say: "fuck you" I am up 24% this year.

Back to oil.

Oil is going to trade lower, short term. I suggest not buying-- just wait.

When crude hits $67-68, take a stab at the USO.

Here are a few stocks to put on the radar and buy on weakness ( that doesn't mean to catch a falling knife):

CEO -2.9%
GLBL -2.4%
VLO -2.4%
SU -1.9%
UPL -1.9%
GMXR -1.2%
CHK -0.8%