Ten Thousand Apologies: Boot Camp Refunds Have Been Issued

The cancelation of the Boot Camp was unexpected, otherwise I would’ve never promoted it or gone though the trouble or doing an early bird special and collecting funds in advance of the event. I took some more time out of my day this evening, after binge watching season 2 of Stranger Things, which I felt was a marked improvement over season 1, and issued refunds for the people who signed up.

You should start to see refunds by early next week. If, by chance, you do not see your funds back into your bank accounts by next week, be sure to email me and I will triple check to ensure you’re made whole.

I apologize for the inconvenience. If I’m ever drifting through your town, I’ll be sure to buy you a drink and tell you a fine story.

I’m a very busy man and do not have time to discuss VIOLENCE IN BARCELONA as a result of Catalonian independence. I do not care about their freedoms, no more than I care about the lint on my top hat. I simply brush it to the side and jog on.

I will, however, drop some tickers here — the top ranked stocks, by technicals, in Exodus. I intend to venture off to a haunted farm tonight in an effort to truly scare my children, who now believe they’re too old for these sort of things. Please.

SITO, CDNA, CLMT, DVAX, SVU, MRNS, XNET, HLG, EC, CGI

ETFs

SOXL, JPNL, GBTC, USD, BNO, ZIV, PSI, PICK, EZU, UCO

As the Nasdaq jerks off into outerspace, and Bezos’ net worth eclipses $90 billion, I am bemused to inform you that most stocks performed miserably this week. As a point in fact, the SPY charged higher by just 0.55% — but the divergence amongst market caps was palpable. Only a select few stocks did well and I can prove it.

Inside Exodus, each and every week I break down the performance by market cap. This is for my quant based trading, which, by the way, legged higher by 0.91% for the week — almost doubling the returns for the SPY. Only stocks with market caps over $50 billion traded up for the week. To that end, they only traded up by 0.08%, while stocks under $1 billion traded lower by 1%.

Both TLT and GLD did poorly, so I am still 80% stocks, 20% cash. I will, however, be moving up the market cap ladder — all in on stocks with market caps over $50 billion.

Exodus members can access the market cap screen here.

Over the years my swing trading acumen has greatly diminished — mostly because I’ve focused much of my efforts in systematic trading — trying to find a better way to do this without killing myself in the process. God damn it, some of my trades have been lousy and I used to be very proud of my skillset in dealing with the daily reverberations of the market. The older I get and the more wealth that I try to accumulate, the greater my desire to produce something that will last longer than my lifespan — which is why Exodus is so important to me.

That aside, Ragin Cajun is probably the most overlooked blogger I’ve ever employed at iBC. RC is the type of guy you’d trust raising your kids — never bitter and rarely upset. You could tell by just meeting him that he was raised by good parents and taught the difference between right and wrong from early on. But he’s also a phenomenal trader and old school members of 12631 and Exodus can attest to that.

Today is a big day for RC, not only because he just opened his biggest gym to date and completed what was his largest construction project ever, but also because of some of his recent trades in TWTR, GOOGL, OLED and FSLR.

Members of Exodus get his expertise, as well as the camaraderie of a truly great group of people who’ve been on top of every tick of every day in this market. I am truly thinking about doing another iBC dinner in 2018 and inviting a random 5 people from the Pelican Room to join us to break bread. I haven’t held an annual dinner in two or three years; it might be time to restart the tradition that brought us all together.

RC just stepped into my world, long HMNY. While I do not expect the stock to do much without news, I love the fact that it’s so hated right now. This is the time to accumulate a position. No one is expecting profits out of it — just damned subscription growth — which should be a no brainer, considering they’re giving away money.

God damned clowns. Since when was CNBC such a stupid outlet for financial news and information? They’ve always been annoying and their talking heads wrong; but, more or less, their news department was always dependable, or at least competent enough to not brazenly lie or behave in a manner which is, universally, considered to be stupid. Donald Trump is an Orange Monster, a plague for the CIA and other American institutions who’ve been having their way with tax payer dollars for the past 50 years. But his claim that we could and should grow at 3% GDP was never outlandish when the Chinese grow at 7% without trying.

US GDP, yet again, grew at 3% for the quarter that passed — exceeding the 2.5% estimates. Nasdaq futures are way up and the market is expected to becoming a cup brimming with exuberance and profit as soon as they open.

CNBC, won’t you have a sip?

There isn’t an end, per se, in sight for market gains. Even the most ardent of bears know that to jump in front of a runaway market, heading into Turkey Day, is sheer madness. It won’t be long now when we’re all discussing the specter of rivers of turkey gravy flowing throughout America — as national feast day approaches. I will have you know, I did not swap out of OSTK yesterday for UVXY, but instead HMNY — because the destruction of the movie theatre industry is on my bucket list of things to do during my lifetime.

Get in here faggots and offer your opinions.

It’s so great to have so many financial experts around me, as I am able to simply call upon many of you to provide me with the answers. Let’s not even think about a pullback or manners of limited potential downsides. No, money managers should never think about risk — only about how far they could press down on the fucking gas before thee whole thing explodes into a fiery ball of happiness and ebullience.

Along those lines and on this narrative, which will hit 7,000 first, the magnificent Nasdaq or the bountiful Bitcoin — which is widely regarded and revered as the “new currency” for a transgendered age of sybaritism.

In the event both markets trade down, please ignore that I posted this question tonight and only heed my latest stock picks. I wouldn’t want my pristine reputation tarnished on the internet, for I am reliant upon it for future income streams.

Thank you.

Nasdaq futures are +37, after so many fine companies beat expectations after the bell. Need I remind you that Trump is responsible for all of these wins? Bigly.

Amazon prelim Q3 $0.52 vs ($0.01) Capital IQ Consensus Estimate; revs $43.7 bln vs $42.26 bln Capital IQ Consensus Estimate; operating income decreased 40% to $347 million vs. ($400)-300 mln guide

Western Digital prelim Q1 $3.56 vs $3.31 Capital IQ Consensus Estimate; revs $5.18 bln vs $5.13 bln Capital IQ Consensus Estimate

Microsoft beats by $0.12, beats on revs

First Solar beats by $1.11, beats on revs; raises FY17 EPS above consensus, reaffirms FY17 revs & shipment guidance

Intel prelim Q3 $0.94 vs $0.80 Capital IQ Consensus Estimate; revs $16.15 bln vs $15.73 bln Capital IQ Consensus Estimate

Alphabet prelim Q3 $9.57 vs $8.40 Capital IQ Consensus Estimate; revs $27.77 bln vs $27.17 bln Capital IQ Consensus Estimate

Gilead Sciences beats by $0.14, beats on revs, Raises low end of FY17 net product sales guidance

Align Tech beats by $0.20, beats on revs; guides Q4 EPS above consensus, revs above consensus

Mario Draghi announced the ECB reducing their bond purchases, which will be HALVED in January to just $35 billion. Couple that with the Fed balance sheet reduction program, there is a concerted effort to enact DEFLATIONARY policies worldwide.

Anyone remember when markets would chimp out at the notion of ending QE? Not only is QE ending, but the balance sheets are being reduced — yet stock are still trading higher.

This is good news for markets.

But can it last?

The training wheels are off and there hasn’t been dislocations thus far. The euro is getting absolutely ruined on this news — off by 1.4% v the dollar. The decline in the dollar, hitherto, has been a boom for exporters attempting to MAGA with their goods. If we’re on the other side of the mountain, this could be yet another meaningless bullet point for bears to cling onto, attempting to scare people out of greatness.

Who knows how stocks are trading higher? Perhaps robots.

Anyone interested in one of the world’s largest and most successful biotech companies getting tossed into the sewers? Anyone?

Celgene had plans, scheming all around in those laboratories, producing a wonderful revenues arc.

Look where that got them.

Here’s the short of it.

Reports Q4 revenue miss; lowers FY17 revenue slightly below consensus; lowers 2020 long-term financial targets following GED-0301 setback.

Mizuho is optimistic.

Mizuho finds it encouraging that management was forthright in admitting where it made mistakes in its projections and saying that GED-301 caused the company to “take pause” and assess risks where it may not have previously in its 2020 guidance. They believe there will be a rebuilding process with investors in the months to come to pave the path forward and restore confidence / credibility, but today was a good first step. They are in the process up updating their model / PT, but they note that CELG has essentially retraced all its gains in the last 12 months. Their thinking is here that momentum players have exited the stock (if not all, then mostly), and this stock is now one for value investors to relook at.

But even with this sudden drop, the shares aren’t cheap, trading 44x earnings and 9x sales. Back in 2012, the shares traded 6.3x sales, according to Exodus.

The stock is down nearly 40% from the highs with no stop in sight.

Gents,

I was fortutious enough to have purchased OSTK last week at $37. When I did this, a couple of the homeless men who venture these threads threw their pickle jars at me — declaring that I had ruined their “secret” MUH blockchain investment strategy, which entailed tossing darts into a garbage dumpster filled with names of ICOs. I suppose the Gods weren’t looking when I bought it; but don’t worry, I just sold it out for an 18% profit.

With a portion of the proceeds, I doubled down on HMNY — reducing my basis to $17.5.

It is in my best interest, as well as the interests of others, to seek the complete destruction of the movie theatre business. By supporting Moviepass, we might see leverage shifted back towards the consumer, forcing theaters to share in the profits of their $10 gigantic cokes. Understand something, I am not a malevolent man. I seek joy and happiness, just like many of you. But I have an insatiable drive to succeed and nothing says ‘I am winning’ more than ‘you are losing.’

These are the side effects of quasi-psychotic behavior; granted, I’ll give you that. Then again, being a normie is boring. You shouldn’t expect me to just blog away without wanted to destroy something, anything.

Rough draft alert, part two of my book, tentatively titled BUST. I will rewrite the whole thing — but this should give you the gist of where I’m heading.