Fly on WallStreet

Happy New Year!

For me, a New Year marks a fresh beginning. I know it's only psychological-- but it helps me refresh and improve upon the mistakes and bad habits I might have picked up in the previous year.

Looking back in 06', I did fairly well-- up 27%. But, now that doesn't mean jack.

Right now, I am equal to the fucktarded, dickless asshats who lost 27%. Right now, I need to put my past successes aside and focus on the new. To help me outperform, I need to be sensitive to market shifts and economic forecasts.

I am not even going to mention 06' anymore, because it's a memory.

So, with that being said, I look forward to coming back to work Wednesday, after being inebriated into a classical Irish stupor-- and work on banging out some early gains for 2007.

It's extremely important to start out the New Year with green. Otherwise, you are fucked right out the gate. Personally, I do not like being fucked-- right out the gate.

Enough of that.

Bottom line: The great equalizer is here. Learn from your mistakes and kick some ass in 07'.

Happy New Year!

I bought 7,000 MVISW @ $1.47.

Disclaimer: If you buy MVISW because of this post, your only son may become a fur coat wearing pimp. And, you may lose money.

Today is the last day to admit you fucked up on a trade, bite the bullet and eat the loss-- like a man.

For me, it makes lots of sense to book the oil trade loss-- as many hedgies are doing today.

Reason being: They all trade in a convoy. Why not sell UPL or VLO and buy TSO or CEO first thing next week?

Within the oil patch, it doesn't make any sense to hold the loss. That's why the sector got poleaxed this week. Moreover, they will probably rebound nicely--sometime soon.

I bought 5,000 CHU @ $14.94.

Disclaimer: If you buy CHU because of this post, the communists in your neighborhood may throw twinkies at your house. And, you may lose money.

I bought 2,000 HANS @ $33.86.

Disclaimer: If you buy HANS because of this post, the next time you open a bottle of champagne-- the cork will strike and kill your pet hamster. And, you may lose money.

I bought 2,500 BWLD @ $53.50.

Disclaimer: If you buy BWLD because of this post, your New Year's celebrations will be marked by a timely power outage. And, you may lose money.

I sold 3,000 UPL @ $47.80.

It looks like my late day poleax prediction fell flat on its face. I am sure my bad karma had something to do with it. Or, maybe I should leave the predictions to dickless fucktards, who enjoy playing Nostradamus. (any link suggestions for "dickless fucktards"?)

As for today's trading:

Aside from the oil stocks having their manhood taken away, the market was bland. Gold stocks outperformed, while the Internet's lagged.

To sum it up: Investors are done for the year and have begun to preemptively drink themselves into a state of stupor, only to be matched by Maria Bartiroma's "record, ground breaking" interviews.

Finally, Steve Jobs is an asshole and should get the electric chair (ole' sparky) for what he did to AAPL shareholders this week. We shareholders were counting on the stock to break $100, so that we could dance on the faces of the eviscerated bears--and then spit on their disgusting graves. Instead, Steve Jobs and his band of thieves give us red ink for New Years.

Fuckers.

Mr. Asshole Dip Buyer is out and about, running stocks up again. Now, if you are a bear, don't worry--2007 is your year. If not, no need to fear--2008 is definitely yours.

NOTE: Chinese stocks are on fucking fire. Stocks like CHINA, ASIA, PACT, CHU, CNTF make communism look good.

I bought 1,000 HANS @ $33.99.

Disclaimer: If you buy HANS because of this post, this site may shut down, making it nearly impossible for you to watch free movies again. And, you may lose money.

NOTE: You're welcome.

I bought 3,000 BWLD @ $53.35.

Disclaimer: If you buy BWLD because of this post, Barry Ritholtz will turn bullish on the markets, effectively jinxing it for the rest of us--leaving you broke and penniless. And, you may lose money.

UPDATED Disclaimer (if that makes any sense): The above disclaimer was in fact stolen from Barry's website. However, please note that Barry is now buying Homebuilder stocks.

In 2006, the backbone of the market was found in the Financials. Because the Financials represent the largest weighting in the S&P 500, they usually lead the market up or down.

This year the brokers/money management firms had monster years, Stocks like GS, BSC, LEH, IAAC, GROW and DHIL had banner years-- as investors piled in. I still like the sector, but will not buy at these levels.

Instead, I am looking to add to my CORS position or start a new one in a cheap regional bank, like NAL.

Bottom line: There are so many publicly traded Financials that are cheap. You just have to do a little homework to find them.

As for today's trading:

I see some of you are heckling me over VLO. Good. The last time you fuckers started bitching over oil-- it took off like a rocket ship. The mob is always wrong. Right now, the unwashed mob says oil will trade lower. I say, instead of worrying where the price of oil will be in a month-- why not drink another can of Monster Energy soda or juice?

I feel the market will do great during the first 2 weeks of 2007. Therefore, when stocks like HANS, RIMM or VLO dip-- I will be there to instruct my servant/trader to fucking buy a little more-- in between snacks.

Finally, someone is walking MVIS up at the end of trading-- for the last week. Right now, there is a lot of hype regarding its new projector-- to be unveiled 1/9/07. My game plan is simple: Anything under $4.00 is cheap. I want to instruct my servant/trader to buy the dips and get me warm, not hot, slices of pizza-- every other hour until closing. Oh, don't forget to pick me up another can of Monster Energy soda, bitch.

The following Financials have mojo:

FCFS +9%
IAAC +5.3%
OPY +3.3%
COWN +1.95%
ICE +1.5%

I sold 3,000 AKAM @ $53.75.

You can't say I didn't warn you about covering your shorts. The market is going out in 06' with guns blazing. Now, all my "smart" bear friends, who have been poleaxed in 06', say the hammer will drop on the market-- first thing 2007. Even some of the more seasoned investment minds, like Rev Shark, feel the market will weaken in '07.

Why?

Have you not had enough Monster Energy soda to realize we are in a bull market-- which is not beholden to the date on the calender?

Seriously, if you are waiting for '07 to be right, you are already wrong. Until we get real evidence of a drastic economic meltdown, I think stocks will continue to rip higher.

As for today's trading:

Once again, Chinese stocks soared. The way I position into China is via FXI. Also, outsized gains were found in Steel, Internet and Networking stocks. Pretty much everything was up-- as investors look to buy in-- prior to the New Year.

Also, the 4th quarter is coming to an end-- which means mutual fund window dressing. Therefore, many of this years winners may continue to outperform-- at least for another 2 days.

I bought 1,000 shares of MVIS @ $3.23.

Disclaimer: If you buy MVIS because of this post, Donald Trump may buy your company, fire you, then steal your favorite pen. And, you may lose money.

I bought 3,000 BWLD @ $53.05.

Disclaimer: If you buy BWLD because of this post, the next time you go outside for a breath of fresh air, seagulls will crap on you. And, you may lose money.

Ok, stop fucking around. I am talking to the fucktard who is short stock and doesn't know what to do. Once again, we are in a bull market. In bull markets, stocks trade up-- all the time. Trying to time the top will leave you broke, smelly, homeless and divorced. Trust me when I tell you: You are not as smart as you think you are. Finally, you know what you have to do. Man up, cover your shorts, eat the loss, drink a Monster Energy soda. Any questions?

As for today's trading:

Obviously, I am enjoying the low volume walk ups. Stocks are fucking spiking everywhere-- from IFON to AKAM. Both low and high quality stocks are destroying the remnants of the bears-- just in time for New Year's. I realize that last sentence made no sense, but it felt good writing it-- so fuck you.

Today, my stocks are all green. Trust me, I really need it. My wife was like a monkey in a banana store this Christmas-- buying out toy inventories across the nation. Frankly, I have never spent so much money on Christmas, ever. You think of the toy, trust me-- my kids got it.

When I was young, I would be lucky to get my Grandfather's used toys from the early 1900's. I would play with fucking wooden T-Model Ford remote control cars-- that had kerosene headlights and had to be plugged into the wall for 2 days-- in order to work for 15 seconds.

People were fucktarded back then.

Back to stocks. I like the action in the Internet sector. Stocks like KNOT, PCLN, GOOG and NCTY look good. Also, the Networkers are running. There, I like LMRA, EQIX, GLBC and RACK.

NOTE: Please take the new "Fly Survey." In 2007, will stocks be up or down?

The following Networkers have mojo:

APKT +7.2%
TERN +6.2%
LPTH +5%
TWW +3.5%
RACK +3.5%
AKAM +3.2%

Some late day buying action in MVIS was very impressive. I expect to see higher prices, the closer we get to CES. Right now, the company has a lot of good press and should see its shares rise-- providing they impress some important people with their new PICOP. I don't want to overhype the MVIS story, but it does sound pretty damn good right now.

Aside from MVIS, Chinese stocks were on fucking fire-- with outsized gains in LFC, SORL and CHU. I am not chasing them and suggest you do the same.

Oil was down-- but VLO was up. Go figure.

HANS continues to base out here and is poised to pop. I can already smell the money I am going to make on HANS.

Finally, I really like the action in Tech. I realize many of you are fucktarded and cannot grasp simple supply/demand "theories," but good tech is hard to come by. Moreover, I feel stocks like RIMM, AAPL and EQIX should be bought on dips-- not sold.

NOTE: I may open up a short position on IIG. More on this tomorrow.

I love the AKAM story, but LVLT's purchase of SVVS's CDN division may cause problems for shares of AKAM in 2007.

Already, AKAM faces stiff competition from privately held Limelight. Now, with LVLT buying SVVS's CDN, I anticipate a two front war with price cuts and all.

Bottom line: If you already missed the AKAM run-- you are probably too late. Instead of getting in the middle of a potential price war, I'd stick with neutral operators like EQIX.

For now, I will hold my AKAM position-- but I will not add to it.

Instead of reading some asshole curse all day on the internets, you could be doing research for 2007.

In case you were wondering, I had a wonderful Christmas. I got drunk, opened presents, stuffed my face and played with the kids (before getting drunk). Now, I am working diligently to position myself for '07. What are you doing? Watching online T.V. shows?

As for today's trading:

So far, another lackluster day, with moderate gains everywhere but Retail. From what I hear, this holiday season was a fucking messy disaster for many retail outfits. The unusually warm weather has fucked the makers of warm clothing.

Basically, people didn't buy cable knit sweaters or heavy coats. They bought low priced, short sleeved shirts-- because NYC is now a tropical island.

For New Year's, I am wondering if DIET will run. As you know, all the fat fuckers will promise themselves to lose the lard-- but they never do. If DIET runs, so should NTRI. However, on the other hand, I believe BWLD is a better play-- since all the fatties cannot resist a good chicken wing. Plus, with football playoffs around the corner, I suspect BWLD will be plenty busy.

Finally, I tried Hansen Natural's Green Tea Lemon Mint Soda-- and it rocked. Trust me when I tell you, HANS is your Grand Daddy's KO.

NOTE: You are not getting my weightings. Just because some pervert publicly threatened me on the internet last week, does not mean I won't randomly kick your ass. I'll have you know, Fly keeps a shogun grade sword in the lining of his overcoat. So, if you enjoy having your fucking head attached to your shoulders, I suggest not asking for the weightings.

NOTE II: VLO is a 4% weighting.

A few of you have asked for my position sheet. If someone in "real life" had asked me, I'd gently tell him/her to "go fuck him/herself." However, since the request was done via the internet, I am more than eager to give away the secret recipe.

NOTE: I will not give you my fucking weightings. Don't ask!

Current holdings:

VLO, SU, UPL, NGAS, SWN, CEO, GMXR, HOC, NAL, STI, TLAB, AGE, LNC, NDAQ, AKAM, NETL, EQIX, MZZ, SNDK, DNA, GERN, NTRI, BDK, RAIL, ACLI, SUF, EXP, VSE, LABL, PG, BWLD, HANS, LOW, PEP, CCLAY, VIP, NIHD, BXC, GXP, PGN, FXI, FXE, WFMI, AAPL, RIMM, ORCL, ADBE, MVIS, MVISW, ALCO, WU, URBN, SBUX, INTC, ITWO, TGT, DUK, CORS, FRX, GD, LMT, PFE, FDC, GILD, NCC, CLX, SYMC, BMC, ABBI, and GME.

I might have left a few out-- but this is most of them.