Isn’t it funny how no one talks about the cryptos anymore? I haven’t logged into my SHITCOINS account in weeks and couldn’t care less. The way I see it, everything is lost. The entire account is destined for the shit-heap of time, a time capsule when society was enamored by the glitz and glamour of creating something out of nothing and getting rich by accident.
Early going, Nasdaq futures are +63. I intend to make a great deal of money here and will not apologize for it. You should know that you were all well informed of the future and had every opportunity to follow me into highly profitable positions. I asked that you write them down and perhaps remind me of them in the not-too-distant-future. I hope that you’re still paying attention.
Brent is above $70 this morning, on pace for higher prices into the driving season. I cannot wait until crude is above $100 again and all of Trump’s middle eastern friends are rich enough to buy his top dollar penthouses. If there’s one sector that is unrepresented in the S&P it is oil exploration and drillers. If oil is truly going back to $100, there is lots of money to be made in the group, especially in the frackers.
Here are some other headlines this morning.
LFIN -19% (continued weakness; to be removed from the Russell Indexes on March 28)
OSTK -8.7% (to offer 4 mln shares of common stock)
NVTA -6.4% (commences $50.0 mln common stock offering)
LAND -6.3% (to sell shares of its common stock in an underwritten public offering)
GERN -6.2% (cautious article from biotech blogger Adam Feuerstein)
LMRK -3.3% (commenced offering of Series C Floating-to-Fixed Rate Cumulative Perpetual Redeemable Convertible Preferred Units representing limited partner interests)
AUPH -3.3% (filed amendment to short form base shelf prospectus initially filed in January)
MGNX -3% (commences 4.5 mln share common stock offering)
BFAM -1.3% (priced public offering by certain of its stockholders of 4,606,062 shares of its common stock at $102.70/share)
GIS -0.9% (proposes public offering of $1 bln in common stock in connection with pending acquisition of Blue Buffalo Pet Products; files debt securities and common stock shelf offering )
Texas Instruments upgraded to Neutral from Underperform at Longbow
Canadian Solar downgraded to Underweight from Neutral at JP Morgan
China Unicom upgraded to Overweight from Underweight at Morgan Stanley
Chesapeake Energy downgraded to Underperform from Mkt Perform at Bernstein
Lam Research initiated with a Buy at Mizuho; tgt $250
Reuters details that Wal-Mart (WMT) plans to use Tencent (TCEHY) for mobile payments instead of Alipay (BABA)
Good stuff. Thx.
FuckCoin is cheap. Great value.
Truth be told, I’m a lifelong no-coiner (one without digital coins).
Trading China’s yuan-denominated crude oil futures in Shanghai goes to show that it will take increasingly more and more filthy US shekels to purchase a barrel of oil.
Why do you think oil has been going up the last year and dollar down. price in at exchange open. Sell the news.
…number of reasons, one of them, however, is that contracts traded in other currency, i.e. filthy commie Renminbi will diminish demand for US shekels. The real tragedy here is that these Shanghai futures do not have any significant impact on gold as trading proceeds are converted back to fiat (not gold) to service debt incurred in fiat.
TOPS is accumulating for shortsqueezing 10M shares short circa .
dilution off for 12 months ( see last 8k ).
easiest play ever.
disclaimer, at your own peril you could loose 10 % from here ( set 20 cents downside maximum risk ).. or multiplicate several times your investment from here .
ps, my service ( 1 call, without 1 million bullshits and calls for the week ) for instant +20 30% ,
is free
What would you say about stocks when sentiment is highly negative and the forums are quiet? What have we observed about that phenomenon here?
Oh and my project happens to be up double digits today, but yeah, most cryptos are bright red.
Gartman stop out will end dead cat bounce, stfr.