At least for a short while, time enough for me to exit out from my positions. I doubled down in SOXS yesterday and have an interest in short gold, so I’d be remiss if I wasn’t somewhat rooting for the market to pull in a bit. Perhaps the President will nix the Iranian nuke deal and perhaps that might cause tensions to rise in the middled east. Sometimes it’s important to remember that most of us are pawns in a much larger game being played, a stupid game created by malevolent people who do not truly understand the meaning of life. They take their little positions of power and wield it wherever their small cocks point and use it to hurt people.
Nasdaq futs are -16 and gold is flat, crude down -0.7%. The dollar is rising again, higher by 0.44% v the euro. This should be an albatross around the necks of gold bugs and I believe it’s only a matter of time before there is a reckoning.
Youtube has banned iBankCoin and so has Facebook. Twitter has given me two suspensions over the past two months and I’m not even discussing politics anymore. It appears there is an active program that targets certain people and I’ve found my way onto a blacklist of some sort. Perhaps it’s because of my time writing for Zerohedge, or perhaps it’s because of my early advocacy of Trump — or maybe it’s just bad luck. Whatever it may be, admittedly, it really takes the fun out of sharing crazy ideas and thoughts, being original and wanting to make people laugh. At the end of the day, I perform satire and use hyperbole to make people laugh and I’ve been doing it for more than a decade. I’ll always have iBankCoin and I don’t need their platforms — but it’s unfortunate that they feel a need to do this.
Here’s the morning movers, courtesy of Briefing.com.
Gapping up
In reaction to strong earnings/guidance:
- PI +17.2%, VECO +14%, SD +13.2%, RDHL +12.1%, SEAS +10.4%, MNK +9.5%, ENDP +8.5%, MTW +8.3%, CROX +7.6%, VSH +7.5%, FRGI +7.3%, CRZO +7.2%, IAG +7%, DF +6.5%, TAST +6.3%, ZBRA+6.2%, MWA +6%, FN +5.9%, VRX +5.5%, EVHC +5.4%, EVRI +4.8%, ATSG +4.6%, RWT +4.6%, STRL +4.5%, EGLT +4.5%, PLOW +4.3%, MGI +4.1%, EVBG +3.9%, EGAN +3.8%, DHX +3.7%, GBT +3.4%, NLS +3.2%, AXSM +3%, KAMN +2.9%, DQ +2.9%, IIN +2.8%, RARE +2.7%, DHT +2.7%, NIHD +2.7%, DPLO +2.6%, HRTG +2.6%, LCI +2.6%, FRTA +2.6%, BCRX +2.5%, DNR +2.3%, MYGN +1.8%, AMC+1.7%, SRLP +1.7%, ACMR +1.7%, AWR +1.6%, HAIN +1.5%, JLL +1.5%, ANDX +1.4%, AES +1.4%, BR +1.4%, CWH +1.4%, ATHM +1.3%, REN +1.1%, OAS +1.1%, SYKE +1%, OHI +1%, WMC +0.9%
M&A news:
- FRED +11.7% (Fred’s to sell certain assets of EntrustRx, its specialty pharmacy unit, to a subsidiary of CVS Health (CVS); the aggregate consideration to be paid is $40.0 million, plus an amount equal to the value of inventory of EntrustRx)
- NSU +11.1% (Lundin Mining and Euro Sun disclose proposal to acquire Nevsun Resources for approximately C$1.5 billion — this proposal has been rejected by Nevsun)
- XCRA +5.1% (to be acquired by Cohu (COHU) for $13.92 per share)
- FOXA +2.8% (lifting on reports that Comcast (CMCSA) is planning to make cash bid)
Other news:
- SNAP +1.5% (CFO Andrew Vollero to depart)
- C +1.2% (WSJ reporting ValueAct is building stake)
- CVA +1% (Pres/CEO disclosed the purchase of 15K shares worth ~$228K)
Analyst comments:
- IQ +1.8% (initiated with a Buy at Goldman)
- LPX +1.4% (upgraded to Buy from Neutral at DA Davidson)
- AAP +1.2% (upgraded to Overweight from Neutral at Atlantic Equities)
- NOC +0.7% (added to Conviction Buy List at Goldman)
Gapping down
In reaction to disappointing earnings/guidance:
- ARLZ -17.8%, NVRO -17.6%, HTZ -7.7%, ZG -7.2%, HLTH -6.3%, JCOM -6%, SN -6%, RYAM -5.3%, AVEO -4.5%, ORA -4.4%, JD -3.4%, USFD -3.3%, MLM -3.2%, ACM -3%, TREX -2.8%, FOLD -2.7%, DISCA -2.4%, RMBS -2.3%, MOS -2%, TRMB -1.8%, DISH -1.6%, NTR -1.6%, BKD -1.1%, SNHY -1%
Other news:
- CAPL -19.3% (reduces quarterly distribution)
- INWK -7% (postpones earnings; to restate prior financials)
- AXGN -3.6% (commences 2 mln common stock offering)
- WTW -3.4% (to offer for sale in underwritten secondary offering 6,500,000 shares of common stock by holder; files common stock shelf offering for an undisclosed amount by a selling shareholder)
- SR -3.1% (commences 2 mln common stock offering)
- TSEM -1.8% (cont weakness)
- ADSW -1.5% (announces secondary offering 11,987,453 shares of common stock by selling stockholders)
Analyst comments:
- XL -0.5% (downgraded to Sector Perform from Outperform at RBC Capital Mkts)
The ban from Twitter and ban/loss of content from YouTube definitely appears to be a massive overreach. Especially as a US based outfit, there should be a procedure whereby the ibankcoin’s of the world can address the concerns of the sites (allowing precious content to be retained) before being blindsided with an outright block.
Sorry to hear about your childhood friend this week as well. Hard to imagine anything being that bad that he saw that as the only route forward (underground). A sad addiction story indeed. JCG
Full respect, I read you everyday, but the casual use of the term “fag” in a lot of your headlines probably didn’t help your cause. People do not have a sense of humour anymore, and everyone wants a reason to hate. You served it up freely and often. Just my 2 cents.
I love your humor – however people are very “sensitive” lately and can easily get their fucking feelings hurt… then report you to the thought “F”ing police. so it might have something to do with that. Anyway trump is a plebe dumb shit, and I’ll go back to my green car and solar panels. on a seperate note I feel for you on your buddy. I too had almost same story – My friend went to rehab and they gave him oxy to get him off alcohol. That killed him for sure. At least the alcohol he was still alive -slightly functioning. anyway addiction sucks and when people are too week and succumb it really bums you/me out. Suicide is really a pretty selfish act imho, more courage to face demons and fix self but that would take refection,discipline, and self control, most importantly the willingness to care for others above self. …………………………..blather blather blather
peace and love peace and love
Fuck the Sacklers and fuck Purdue Pharma
You often use double negatives …e.g. “crude down -0.7%”.
A game please.
Bro you were bonafide alt-right for a few months there – of course you were getting purged.
I’ve been suspended from Twitter many times, though I don’t use Facebook or YouTube much. I think it’s pretty easy to get suspended from these things. Their algorithms seem to have a lot of flaws. They’re supposed to decide who is doing things against their rules, but they’re not that good at it. One of the cases where it would be better to use humans, except that that would be more expensive than what they are willing to pay.
It is an ongoing purge of not liberals. The goal is even stupider people.
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