Fly on WallStreet

NOTE: Information regarding the passing of Seth Tobias can be found in the comments section.
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By the way, in the previous post, I forgot to add PVH, SU, TGT and ADBE. All of them are current positions. Oh, and in my wife's account, she is long LULU, despite my dire warnings of pending disaster.

As for today's trading:

Retail stocks are getting their balls knocked around, like a speed bag, as MWRK, PVH and DDS bleed out. However, there is strength in other names, such as EBHI, CACH, PERY, BKRS, JOSB, SCVL and BONT.

For the most part, retail sucks.

The real fun is in tech.

Within tech, LLNW, ISLN, AVCI, RACK, NETL, SILC, HLIT, NFLX, MFE, LOCM, YHOO, GOOG, BIDU, GRMN, NVDA, TXN, AAPL, ASTSF, KLIC, MFLX, SWKS, EMKR, AMKR, OIIM, PRKR, SUPX, OVRL, SNDK, LEAP and PCS have "fuckloads" of momentum.

However, the market doesn't have strong underpinnings. Therefore, I feel it makes sense to lighten up and take profits, in order to have some cash available for the next dip.

Now, do not misconstrue my message of conservatism for bearishness. As you know, I enjoy dispatching people to punch off the eyebrows of "bearshitters." Moreover, by year end, I believe "The Fly" will book 40%+ gains, mainly by using his "calculator brain" going long stocks.

As predicted, LNN broke the fuck out. Now, look for three stocks to catch fire, AXR, iiG and AZZ.