Fly on WallStreet

Get the fuck out of here; the homies are up 5.5% today. Come on, do you really think the sector has bottomed?

Fuck that. Sell them every which way, from here to Romania.

Trust me when I say, "I'm making so much money now, you'd think I was being paid in Peso's." However, in the near term, I am not adding to any positions. We are over bought.

Additionally, last time I checked, oil was nearing $83. WTF.

Come on, how am I supposed to get long retail names, while there are major credit issues and high energy prices?

Remember, heating oil is at a new high, going into the holiday shopping season. And, you southern fuckers, living in the trailer park, are not allowed to use Confederate currency, last time I checked.

In short, don't get sucked into an overzealous rally.

As for today's trading:

Thus far, I like the action in the basic material and industrial names, like RS, CENX, KALU, TEX, VMI and CRDN.

Also, there is some fucked up shit going on at NTRI, due to a cautious note by Citigroup, regarding dietary drug Alli and "tough comps." However, they do feel the company is poised for excellent growth in 2008.

This is nothing more than a short raid. I'm not worried.

Finally, it appears the shorts are scattering in iiG and CORS. Again, I stand firm, believing both CORS and iiG will go to $25.

NOTE: "The Woodshedder Bottom" lives. However, it's worth noting, Woody has covered his shorts and is now diving into an empty swimming pool, head first. Hence, you may want to throw a few shorts on the barbie, fyi.