Fly on WallStreet

I trust this market like I trust a fucking greedy little leprechaun guarding my treasure box. As a result, I started taking profits on some of my recent buys, namely CENX. I will not sell RS this cheap. Without doubt, I'll be selling that fucker $5 higher.

However, I want to buy stocks that have been beaten down, due to fund liquidations. Today, I started buying back AZZ. With any momentum, AZZ will net a quick 5 points.

In general, today's trading is superb, with the exception of the homies.

Once again, the only aggressive housing play for me is via a bank, CORS. Other than that, I feel the homebuilders have a quick 10% to the downside left.

The financials opened up, punching the bears in the scrotum, right out the gates. However, it's worth noting, they're weakening.

Beware of the "value trap." These fuckers still have significant headline risk.

With my money, I'll continue to short LAZ, due to the likelihood of a contraction in m&a.

Nonetheless, CORS, ECPG, CLMS, KBW, ACGL, BX, DHIL, KB, GS, BSC and LEH have mojo.

Finally, at the end of the day, it makes sense adding to names unaffected by the "credit crunch." Meaning: Staying long stocks that are not take over targets or in the financial space. In my opinion, discounts in MVIS, AZZ, LNN, VMI, FTK, FMCN, NTRI and AEO should be bought.
However, appropriate hedges should still be held.