ONE MORE FORAY INTO THE MARKETS

I added to my SHAK, SLCA, NK and FCX, with zero fucks given– into the bell.

Because this job wasn’t hard enough to do, the stock Gods felt we needed to go old school Tammany Hall and have our politicians work towards the end goal to see lower stock prices. To the unlearned man, that last statement sounds absurd; but it was common practice back in the late 19th century. The politicians controlled the banks and would purposely squeeze liquidity out of the system in order to make the market panic and go lower. Pools were set up to affect this negative change and fortunes were made. Hell, it was common for a CEO of his own corporation to purposely hurt his own company and sell it short, in order to make his stock go lower.

With all of the things in the world distracting us now: Russian planes over Syria, weakness in China, the Federal Reserve here et al, the republican party feels it’s incumbent upon them to “save” the republic by destroying it.

Let me rephrase that and explain.

By November 5th of 2015, the treasury department will be almost out of cash, unable to meet its many obligations. In order to avoid this, the debt ceiling has to be raised. Well, the GOP feels enough is enough and that it’s time to take a stand and to reject the notion of debt ceilings and national obligations. If you haven’t noticed by now, they are a rudderless party, without a leader, because of this very issue.

It’s entirely possible that they will attempt to disrupt the government this holiday season, something that isn’t being talked about yet, but will be soon. If the far lunatic portion of the GOP, aka “The Suicide Caucus”, is successful, then these markets are going to be entirely naked, forked, fucked, radish.

Happy fucking Friday.

Just as some people called a top in privately held ‘unicorn’ companies this week, deriding the God given glamour that blesses the multitude of billion dollar Silicon Valley franchises, the old and tattered public varietal caught a bid.

Over the past week Z (up 21%), TWTR (up 11%), ANGI (up 10%), GRUB (up 10%), GRPN (up 7%), even YELP trended higher–breaking a long and hellish decline that has crushed the souls of many enthusiastic shareholders.

There is a very wide divergence between the publicly traded, reality based/market filtered social media space versus the Fred Wilson version in the private markets, one that produces over 1 new billion dollar valuation company–PER WEEK– in Silicon Valley.

Part of me thinks it’s all bullshit. Then again, I was a very early investor in the first internet boom, way back in 1995. There was a general malaise in the first dot com explosion for years, up until they broke out in 1998. Maybe the same thing will play out again. Or, maybe the landscape is forever changed, thanks to the perverse nature of the venture capital driven valuations in some of our best and youngest growth companies.

I bet most of you never heard of VLRS.

Data provided by Exodus

In all, there are 71 stocks with market caps over $10 billion that are up 20% or more this year.

The market is bidding up anything China related, anything energy, and also 3-D printing stocks (who the fuck knows?) Like in February of 2008 when the banks stocks were roaring higher, the oil stocks are the show-stoppers now. This, of course, doesn’t mean the sector is good to go and that all is well. If there’s one thing that I’ve learned on Wall Street is that everyone has a plan until they get punched in the mouth.

Your plans are not the plans of others. Nothing is neat and fixed. The doom that you believe will happen, may actually occur–but maybe not on your timeline. That’s why it’s imperative to remain malleable to the changes in the market. Listen to it. Breathe when it exhales and try to absorb its mood.

I’ve made about 7% this week, maybe more. I’ve shifted my risk profile quite a bit to accommodate what the market was bidding up. My position might prove to be a great success. If so, it will prove to be just another notch in the great whipping belt of Le Fly, a man who needs no introduction or night time prayer.

“The Fly” wins all the time, especially when he appears to be heading towards catastrophe. I’ve led a charmed life, one that has enjoyed “uninterrupted splendor”, commingled with heinous acts of offensive styled violence. “The Fly” is a man of the people, a person who toils away on the internets, for the benefit of others. After he toils, he toils some more.

My only request is for a bit of calm normalcy this morning, followed by a regaled afternoon and hedonistic close. That isn’t too much to ask, is it?

Top picks: $SLCA, $GILD, $CNX, $BIDU

Going Higher

strong as shit earnings: HELE +8.2%, ATNY +1.8%

DAEG +93% to be acquired by Open Text (OTEX) for $0.82/share, or ~$13.5 mln in cash, in a hugely waste of time, piece of shit transaction of idle nonsense, UTIW +46.7% to be acquired by DSV for $7.10 per share.

Metals are moving on up (extra Jefferson’s) ZINC +9.2%, MT +8.5%, HMY +6%, AU +5%, CLF +4.2%, FCX +4%, ABX +3.9%, GOLD +3.9%, GG +3.7%, PAAS +3.6%, VALE +3.6%, NEM +3.4%, HL +3.3%, GDX +3.2%, RIO +2.9%, X +2.6%, BBL +2.5%, BHP +1.8%, SLV +1.4%

Gold is moving higher because the dollar is having its face kicked in, down 0.85%.

Oil stocks are the shit: PWE +6.4%, SDRL +6.1%, BBEP +2.9%, RIG +2.6%, WLL +1.8%, CHK +1.4%, TOT +1.3%, OAS +1.2%, BP +1.1%, VLO +1%.

Believe you me, many other oil and gas stocks will be opening higher.

ONTX +17.9%, but no one cares, PBMD +10.3% on european grant money horseshit, TROV +8.2% on talking mad shit, ACRX +8.1% also talking shit, TRCO +4.3% boring, ASNA +3.9% on some retarded firm named Golden Gate Capital disclosing a 9% stake in 13D, PBR +3.9% on not going out of business at this time, ENB +3.1% on Cramer pump, UAL +3.1% traffic up, yadda, yadda, yadda, SUNE +2.3% on Einhorn not dying, TTM +1.8% great mystery!, TWTR +1.4% because everyone loves Twitter now

MT +9.1% (upgraded to not a piece of shit from piece of shit at JP Morgan), FEYE +2.3% (upgraded to this still sucks from this really sucks bad at Gabelli & Co), NLY +1.2% (upgraded to meh at FBR Capital; upgraded to indifference from turd at BofA/Merrill)

GPRO +2%; bouncing off its own grave.

Going Lower:

Horrid earnings: LDRH -18.8%, RT -7.9%, GPS -6.7%, ANGO -4.3%, VSH -3.8%, AA -3.7%

SCON -31% on fucking shareholders with dilutive offering, RENN -11.5% on mystery!, VSTM -5.6% on  firing almost everyone NEWT -2.7% on dilutive offering

TSLA -2.5% (downgraded to Bullshit stock from Not Really Thinking About this Shit Right Now at Barclays), PCAR -1.2% (downgraded to Milquetoast from This is the Shit at JP Morgan), ECL -1.1% (downgraded to Boring from Exciting at JP Morgan), GPN -1% (downgraded to Nothingness from Heavenly at Jefferies), SLH -0.9% (downgraded to We Do Not Know from We Know This is Good at Goldman), NGG -0.9% (downgraded to What Does it All Mean? at BofA/Merrill).

Euro/dollar cross is now 1.136, placing King Dollars 0.78% lower on the day. This is doing wonders for crude, which is now above $50, up 2.1% so far.

Equity futures are higher by 0.2% and Nazi Germany is leading Europe higher by 1.24%.

In short, the market has been very conducive to value creation, as of late–all thanks and praise to the dollar trading lower.

Also, iBankCoin launched its latest web design. It’s a work in progress, so pardon and glitches or minor overlooks. I do believe it is our finest design to date. Ten thousand salutations to our world class programmer, VINCENT ILLUMINATI.

I’ll spare you the heady statistics and hit rates that probably serve to confuse you rather than convince you that Exodus is the real deal. Instead, I’ll simply display what the system produced during the arduous and trecherous month of September.

The most common question I get is “how would I use the system?”

What you’re looking at now is one aspect of the intelligence platform that specializes in mean reversion. Meaning: it analyzes every aspect of the market and assigns values to them. With those values, it tries to find patterns that might produce predictive elements for tradeable events. In layman terms, it will tell you when a stock, an ETF, or the overall market is extended and might pull back or oversold and might bounce back.

Since 2008, the track record for indentifying oversold markets stands at the apex of market timing tools, upwards of 80%. Over the past 3 months, it has been flawless.

The way you’d trade with it is simple. The OS signal flashes and you buy SPY, or for the more adventurous connosoires, QQQ or TNA. The trade should be done in tranches. I usually prefer 30% positions at a time; and the entirety of the accumulated position sold by the 10th day. No questions asked.

Risk is mitigated by time.

If you have questions, feel free to email me and I can assign one of my servants to walk you through a live demonstration.

flybroker at gmail.com

It was supposed to be a good day for the bears. The market was weak as shit this morning and nothing seemed to go right for the bulls, until oil broke the fuck out. I warned you fuckers that you’d drown in it. And you did.

The speculative fervor is back, if only for a month. We have all of the finest tools of financial warfare at our disposal: an easy Fed, crazy batshit Chinese government hellbent on seeing growth return, and a market that not only wants higher, but needs to go higher for the sake of tax receipts.

The men wearing tin foiled hats will tell you that “it will all end now”, that “the market is going to crash and make 2008 look like a walk in Disney.” To those people who say these absurd things, laughing at a 65% drop in the broader indices, I say “fuck off.”

This market is built to win. The machine is humming along. We got the commodity sector ripping higher. Traders are ignoring the weakness in biotech and Apple and putting money to work.

I made some wholesale changes today. I got rid of my GG position. It served its purpose. I started a new position in CNX, kicked out my CLX for a 6 point win, and I added to my TWTR position.

To summarize today, here’s a video of a bear asking for his bicycle back from a bull.

I am drunk with success right now. I sold out of my CLX position and dumped the proceeds into TWTR, upping my risk profile.