Fuck all of this noise. I am not trusting an extended run in gold because the gold bugs are fucking losers. I kicked out JNUG for a 9% profit, sold out of AKS, BLCM, CCIH for losses — unceremoniously exited Trump’s big beautiful steel trade.
In addition to that, I bought some YANG — because fuck China. I don’t care about the Chinese. As a matter of fact, after I eat Chinese food I am often disgusted by its smell and I quickly toss it out. Why is that? Why can’t Chinese food sit on the table lingering for a while without it annoying everyone? If I left a meatball sandwich out on the desk, no one would have an issue with it. But if I left a jar of pork’d fried rice and lobster chow mein — people go nuts and ask me to throw that shit away.
What am I doing this weekend?
None of your business. Quick asking me stupid questions.
Markets are bouncing — but the Nasdaq is Yellen-soft. I am not feeling the tape, so I am reducing my exposure and hedging. I am only conflicted about my TQQQ position — which I am tempted to sell. Deep down, I think we can trade a lot lower — but I am hoping we can get some sort of short squeeze first.
If anyone every tells you he knows exactly what’s gonna happen in the market — don’t believe them. They’re liars. The only reason why I’ve lasted so long is because I adapt quickly to my surroundings. Anyone reading me for more than 3 years knows my biggest losses happened out of stubbornness and my best trades as a result of being flexible and shifting with the tide. Watch the markets closely and wait for it to pivot, then make your move.
UPDATE: I sold TQQQ for a 10% loss.
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…gold bugs are fucking losers?? Stopped reading right there. Full stop. Looked over at the shiny LBMA doorstops. Still there storing wealth. No need to book losses.
LOSERS
Buzz off FLY!! I will be joining Peter Schiff on his annual cruise to Puerto Rico next month where we will be drinking only the finest at his lovely ocean front estate. We will be discussing how to allocate our PM riches when the the US economy finally implodes into the vortex that is sure to come. His lovely wife will be joining us to enliven the festivities. Ta ta..
Sierra Water
Gold looked good in December with inflation as catalyst, looked right then, looks wrong now. With the uncertainty of 2018, gold should be pushing up onto 1400. But it’s not.
Canary in OA coalmine – NIKKEI – chart looks ominous.
NIKKEI is not really important
QE
Take your lithium with a shot of Jack
My thyroid is good…for now
I’m still short NFLX, but hedging with smaller long positions in AAPL, FB, and MU. If the NASDAQ goes after ATH, I’ve go another name to add to the short list.
I’m still short NFLX, but hedging with smaller long positions in AAPL, FB, MU, and GEVO. If the NASDAQ goes after ATH, I’ve go another name to add to the short list.
Why not just short an index? Why bother taking on non systematic risk?
That’s a good point, but I don’t know of a triple-digit-PE tech index to short.
Also, (IMHO) NFLX has run up so fast that really the only main risk is if it gets bought out. However, there are very few companies that can even afford it. AAPL is the obvious one, but looking at the personnel acquisitions they’ve made in the last year, it seems clear that they want to go their own way. NFLX’s main advantage is instant coustomers, but becuase the IPhone is so ubiquitious, AAPL can just release an app and offer IPhone customers a few months of free subscription to quickly build a customer base.
NFLX’s market cap is $133 billion. In contrast, Comcast values its 30% stake in Hulu at $249M, which puts the full valuation at $830M. Is NFLX really worth more than 150 times Hulu with about 5-10 times the number of customers? If the price dropped to $150-$200/sahre, then the ratio would be 75-100, which seems more reasonable.
Another way to look at it: content is King. DIS makes a consitant ***$8-9B in net income***. Given infaltion and a recession, let’s say it makes $80B in net income over the next 10 years.
Throw some optimisitc growth rate and tell me that NFLX even comes close to that number when NFLX made only ***$11B in revenue*** in 2017.
NFLX is just driven by optimistic Milleneials that buy what they know: “Netflix is an excellent service, so I’m willing to pay for NFLX stock at any price, plus past performance predicts future perforamnce.”
Anything holding up better than PBR right now? Trying to find the best ‘go to’ stock
https://www.finviz.com/map.ashx?t=sec&st=w1
OIl&Gas green this week, but Iwouldn’t call that sector stable.
XLU, utility ETF down 1% this week. Bonds satble as well (wouldn’t advise high yield)
https://www.finviz.com/map.ashx?t=etf&st=w1
Long TQQQ 12:36 est #timestamp
IPO day! Muppets gonna get raped in DBX.
“Shares of this security are currently not available to short sell.” 🙁
This is the truth
I’m actually taking small positions in stocks that went ipo 2-3 year’s ago and cratered post the ipo pop. Stuff like NGVC, SFM, NDLS, and LOCO
Long positions, I assume?
Trade is just beginning.
Trade war is just beginning
look, you zerohedge wanna bee fa66ot, no one reads this crap and you’re useless
anyone following your bs would be busted out long ago.
just sub to tim sykes and be done with it
learn to enjoy your losses
LOL, it’s all that oily stir frying!
These extremes should trigger an oversold signal if they havent already.