Cancer is Bad For Your Wallet

I have one foot out the door, due to a scheduled meeting, so this will be brief.

The market does not want to go down. There are 100’s of reasons to sell off, but none of them seem to be able to shake the unwavering optimism, displayed by investors on a daily basis—who are bidding the market up. There is an old saying, which I try to live by: “cancer is contagious; cut that shit out.” Truth be told, I am not the shining beacon of happy joy go lucky (irrelevant, my grammar, that is) at any cocktail party. However, I try to disassociate myself from lowly types and most definitely “cancer.”

The problem with many bears stems from the fact that: A. they are lowly and B. they are cancer. Folks, I must tell you, that is a very bad combination to possess. If you happen to fit that description DO NOT buy a house, for you will, most assuredly, fall victim to the ever-so-popular foreclosure proceedings.

Just about all of my stocks are up today, sans the corn on the cocks: Flotek Industries, Inc. [[FTK]] . Right now, for the day, I am down about 0.1% aka “sitting on a camel doing nothing.” Now if I was not delusional, I’d admit to myself that my current positions are not working and the market is as stubborn as an Ox. Over the past week or so, I have retraced to the tune of 6.5%, yet here I am acting like this is the dot com rally of 1999.

I cannot explain why I am so optimistic about stocks; and I know it vexes many of you. If I was examined by a psychiatrist, I am sure she would say “that fucker likes to bet against the popular trend,” which is true. I see many of my friends and colleagues setting up short sales, preparing for a resumption of “fuck you, you’re dead” trading; and I just sort of spit at them, like a camel, via big block long tickets.

My top picks are not potential 200% movers. I like Corning Incorporated [[GLW]] and OmniVision Technologies, Inc. [[OVTI]] , for specific reasons. I am buying GLW based upon shortages of glass substrates at the major foundries, due to frenzied demand for 32 inch LCD’s. And, I am buying OVTI, for their exposure to the iPhone 3gs, which they are the supplier of the camera technology. In addition, OVTI has close to $5 in cash.

As for FTK: it needs a push in the right direction. Without a doubt, I believe the stock will be significantly higher in 3 months. Just know and understand, stocks that have heavy short positions tend to get bogged down when buying interest is low. Right now, people are busy fucking around elsewhere. Once they get their financing ducks in order, the stock will rip higher, in my opinion, of course.