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Yearly Archives: 2018

Sold Out of My WWIII Hedge — Took Yet Another L

I woke up to the SEC fucking with a stock I just bought yesterday and now I’m conceding victory to the Russians — selling out from my RUSS position. Moreover, I sold my FRANKENFOOD disaster, RKDA, which is also sharply lower. This is a day of infamous happenings for me, marked by bad luck and bad trading.

The proceeds are in cash and deserve to rest there for a while, since I obviously have no idea what I’m doing here.

Today’s gains are industrial: steel, iron, copper, oil, trucks, services. It has a macro feel to it, suggestive of an American economy about to take off. Alas, it’s just one stinking day and I will not get lassoed into its web.

The weakest of all the sectors is tech. Are we finally going to rotate out of tech and into something else?

What the fuck do I know? I haven’t the slightest clue what I’m doing right now.

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Futures Higher, Gold, Silver, Oil Ripping — Blockchain: FUCKED

I woke up this morning to this news.

The revelation of an SEC investigation into the nefarious practices of a company dubbed RIOT, which I happen to own as of yesterday.

“SEC Chairman Jay Clayton warned that it is not acceptable for companies without a meaningful track record in the sector to dabble in blockchain technology, change their name and immediately offer investors securities without providing adequate disclosures about the risks involved, As a result, we could be subject to substantial SEC scrutiny that could require devotion of significant management and other resources and potentially have an adverse impact on the trading of our stock.”

I sold the fucker in the pre-market, down 4%. Absolutely fucked by the SEC, absolutely. I can’t catch a break with these shitcoin companies. All I want to do is trade them a little — 100% here, 75% there. I haven’t any interest in their actual businesses, which is why I suppose these occasional losses are well deserved and earned. It’s nearly impossible to nail these volatile stocks all the time — there will be blood.

Speaking of which, oil is up nearly 2% and gold/silver are also running. This, of course, will fuck my Russian short, but provide succor for the NUGT. By the way things are angling out in the pre-market, I’ll be lucky to break even should the market gap higher by 500.

Midway into April, I am sick and tired of 30 degree weather here in the north east. I know you southerners think you’re blessed with hot air — but it makes the people stupid and the insects belligerent. The cold air makes the people smart — forces them to think about their crops and how they might survive over the harshest months of the year. For example, the local farmers market here is closed on Wednesday, and during off-peak season, they close at 5pm. There are times, sadly, when I am forced into the dissolved premises of the Princeton Whole Foods in order to purchase produce with the rest of the empty vessels. But I just about had my fill with freezing temperatures and would kindly like to make a very public appeal to the Gods for warmer climes. Thank you very much. (<—- things an asshole would say after a sentence like that)

There’s a bunch of other shit taking place in the pre-market, but I don’t feel like telling you about it, quite frankly.

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VIX COLLAPSES: WHO WISHES THEY COULD OWN XIV HERE?

The good news is that SBUX is taking steps against being racist faggots. On May 29th they’ll be closing all 8,000 stores in order to re-educate people on racial matters. I’d love to be a fly on the wall during one of these faggot meetings.

“Listen here Brad, when you see two African-American gentlemen sitting peacefully in the store, do not call the police on them.”

What happened to common sense?

In other news, a famed British journalist, Robert Fisk, visited the town of Douma, Syria and concluded the town was not gassed.

This is the story of a town called Douma, a ravaged, stinking place of smashed apartment blocks–and of an underground clinic whose images of suffering allowed three of the Western world’s most powerful nations to bomb Syria last week. There’s even a friendly doctor in a green coat who, when I track him down in the very same clinic, cheerfully tells me that the “gas” videotape which horrified the world– despite all the doubters–is perfectly genuine.

War stories, however, have a habit of growing darker. For the same 58-year old senior Syrian doctor then adds something profoundly uncomfortable: the patients, he says, were overcome not by gas but by oxygen starvation in the rubbish-filled tunnels and basements in which they lived, on a night of wind and heavy shelling that stirred up a dust storm.

It was a short walk to Dr Rahaibani. From the door of his subterranean clinic–“Point 200”, it is called, in the weird geology of this partly-underground city–is a corridor leading downhill where he showed me his lowly hospital and the few beds where a small girl was crying as nurses treated a cut above her eye.

“I was with my family in the basement of my home three hundred metres from here on the night but all the doctors know what happened. There was a lot of shelling [by government forces] and aircraft were always over Douma at night–but on this night, there was wind and huge dust clouds began to come into the basements and cellars where people lived. People began to arrive here suffering from hypoxia, oxygen loss. Then someone at the door, a “White Helmet”, shouted “Gas!”, and a panic began. People started throwing water over each other. Yes, the video was filmed here, it is genuine, but what you see are people suffering from hypoxia–not gas poisoning.”

So the story of Douma is thus not just a story of gas–or no gas, as the case may be. It’s about thousands of people who did not opt for evacuation from Douma on buses that left last week, alongside the gunmen with whom they had to live like troglodytes for months in order to survive.

I walked across this town quite freely yesterday without soldier, policeman or minder to haunt my footsteps, just two Syrian friends, a camera and a notebook. I sometimes had to clamber across 20-foot-high ramparts, up and down almost sheer walls of earth. Happy to see foreigners among them, happier still that the siege is finally over, they are mostly smiling; those whose faces you can see, of course, because a surprising number of Douma’s women wear full-length black hijab.

…Oddly, after chatting to more than 20 people, I couldn’t find one who showed the slightest interest in Douma’s role in bringing about the Western air attacks. Two actually told me they didn’t know about the connection.

But it was a strange world I walked into. Two men, Hussam and Nazir Abu Aishe, said they were unaware how many people had been killed in Douma, although the latter admitted he had a cousin “executed by Jaish el-Islam [the Army of Islam] for allegedly being “close to the regime”. They shrugged when I asked about the 43 people said to have died in the infamous Douma attack.

Whatever.

The volatility index collapsed again.

Who wishes they could be long XIV here? It would be glorious.

Not much else to discuss, other than stay long stocks, short Russia — indifferent on anything coming out of the media

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IT IS TIME TO HODL AGAIN, DEAR FRIENDS: GET IN THE CHAIN

I tend to default to hyperbole, a byproduct of my violent upbringing. This trait has served me well over the years; but, on occasion, has led me down a ruinous path (i.e., VXX trades), saved only by my natural wit and charms.

Here I am, down 50% in a variety of SHITCOINS, delving back into a proxy play of lamentable qualities. Before I mention the stock, which shouldn’t be of much concern to you, I’d like to let you know that I am behaving quite well and have been reading a great deal and also investing wisely. I’ve taken the majority of my money and have been investing it quantitatively, something I mentioned earlier this year — all to do with Exodus. But this isn’t a sales pitch, at least not now. Sometimes I think it’s important to reinforce a few things about the anonymous author of this site, “The Fly”, a man who doesn’t abide by conventional laws of decorum, but does in fact honor and respect the dignity of man.

In short, this means I do not waste time hating people and only focus my valuable energy on improving the quality of my life and the lives dearest to me. By extension, the people reading this site are beneficiaries of my efforts. I do not cast many harsh aspersions — but I have been known to ridicule some of you for what I deem to be “incongruous behavior” with enlightened peoples of the world. This is something that can be corrected, but only with effort and zeal. Summarily, I hold sympathies for those of you ensconced in a most vile, violent, and degenerate world and hope that both my prose, and investment acumen, can create an environment for you that leads to a semblance of acuity.

I bought RIOT this morning, not only because the ticker symbol harkens back to a nostalgic time when I was a swashbuckling teenager, but also because I think Bitcoin has bottomed and if it has — then the fucking blockchain is going to rip tits to the upside.

Aside from that, I have upside in nearly all of my positions today — higher by 1.2% — led by gains in RKDA, UEC and others.

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Morning Poppers (MOAR Gains Edition)

Trump getting back into TPP, or threatening to do so, is another flaccid attempt at sticking it to the Chinese. The idea behind the TPP is to fuck over and screw China — an conglomerate of Asian nations banding together to fight the good fight. Yesterday the President attempted to fribble away at US-Chinese relations by declaring China a currency manipulator, when it fact the Chinese have been using their reserves to prop up its currency. The ignorance and incompetency of the ruling class is somewhat startling. Net-net, it’s a good thing to push back against Chinese trade dominance and maybe we can get a ‘better deal’ — but it doesn’t address any structural issues — which is a business culture contemptuous of a domestic work force in favor for the lowest wage. I suspect that is something that cannot be fixed and we will continue to see productivity losses, as the populous becomes disenfranchised and subjugated to a social order without upward mobility.

Dow futures are mobile, +240 — which is a stark reminder to those of you stuck in the amber of the middle’d class: this is your only way out. Invest wisely, do not fall victim to consumerism, marry smartly, and you might be able to create a legacy worth talking about and a bloodline that could be productive members of society.

It’s worth noting, crude is flat.

Here are some other headlines.

O’Reilly Auto downgraded to Neutral from Buy at Guggenheim
Xcerra upgraded to Buy at Needham; tgt $16
Methanex target raised to $75 at Cowen
Twitter upgraded to Equal-Weight from Underweight at Morgan Stanley
ROKU +8.4% (ESPN+ direct-to-consumer subscription streaming service now available on Roku devices; Point72 Asset Management disclosed 5.1% passive stake)
PUMP +6.3% (to join S&P SmallCap 600)
Stifel raises their NFLX tgt to $345 from $325
Merck upgraded to Overweight from Equal-Weight at Morgan Stanley
Lazard upgraded to Buy from Neutral at BofA/Merrill
Goldman Sachs beats by $1.38, beats on revs; raises quarterly dividend 6.7% to $0.80/share
Dollar General upgraded to Overweight from Neutral at JP Morgan
Chesapeake Energy downgraded to Sell from Neutral at Citigroup
Johnson & Johnson beats by $0.06, beats on revs; reaffirms FY18 EPS guidance, raises FY18 revs guidance

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Lavrov: Relations With US ‘Worse Than Cold War’; The West is Practicing ‘Genocide by Sanctions’

In an interview with the BBC, Russia’s Foreign Minister, Sergey Lavrov, said the United States punished first and looked at the evidence second — exclaiming Russo-American relations were worse now than during the Cold War — because during the Cold War, unlike now, there were open channels of communication.

He described the present situation in the harshest of terms, saying western nations were practicing ‘genocide by sanctions.’

In regards to the chemical attacks in Syria, Lavrov implied the US was signaling terrorist groups to carry out these attacks, or inviting them, by offering them an incentive in the form of military support.

“When some time ago the three western countries, who are leading this crazy campaign said: ‘if Assad uses chemical weapons then we would use force.’ I believe that was a signal to the bad guys, including the White Helmets to stage a provocation,” Lavrov said. “Now after they stuck on April 14, they say again if you do this again we will use force again – this is another invitation to the opposition; to the extremists to resume fighting, which they did already. They tried to attack Damascus immediately after the strike.”

The Russian RTSI is -20% from the February highs.

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HAPPENING NOW: ISRAEL BOMBS SYRIA — RUSSIA DOES NOTHING

It’s not that I am wishing for world war 3, but I do crave a more interesting narrative here. What fun is it when only one side gets smoked out and the other just sits there and takes it? Plus, America doesn’t have a draft anymore and any additional troops will be provided by one of the many mercenary groups set up in this post-modernist world.

Happening now: Israel bombs Syria — Russia does nothing.

UPDATE:

Stay tuned for more happenings. Perhaps Russia might be up to something, longer term.

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REPORT: TRUMP TO CANCEL NEW SANCTIONS AGAINST RUSSIA AFTER NIKKI HALEY REPORTED THEM

Hahahaha, Trump is a Russian agent.

This in from The Hill.

President Trump reportedly put a stop to plans to impose additional sanctions on Russia for its alleged role in a recent suspected chemical weapons attack in Syria because he was not yet comfortable with putting the penalties in place.

The Washington Post reported that Trump spoke with his national security advisers on Sunday after U.S. Ambassador to the United Nations Nikki Haley said on CBS’s “Face the Nation” that additional sanctions were forthcoming.

While additional economic sanctions were under consideration, the president had not given the approval to put them in place, the newspaper reported. Instead, the White House is in a “holding pattern,” and Trump will likely levy further sanctions only if Russia is involved in another event that threatens U.S. interests.

The White House on Monday morning walked back Haley’s comments, saying the administration is “considering additional sanctions on Russia and a decision will be made in the near future.”

On “Face the Nation,” Haley said Treasury Secretary Steven Mnuchin would announce additional economic sanctions on Russia on Monday. She said the sanctions would target “any sort of companies related to [Syrian President Bashar] Assad and chemical weapons use.”

This is a major beat down in the face of Nikki Haley, who just brazenly and boldly said new sanctions would be affixed to the mongrel nation of Russia. As a result, my RUSS is getting bullet holed to the face and Russian stocks are gapping higher.

In other news, Gen. Jack Keane, member of the GD board, said the Syrian strikes were weak and we should not be deterred by a 2nd rate power, called Russia, meddling in our affairs. He thinks we should completely wipe out Assad’s military capability and even strike Russian positions. LOL.

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“THE FLY” HAS GONE NUCLEAR — Russia Moves to Ban All Trading With US Nuclear Companies

This is a simple enough supply/demand trade.

Russia contributes ~20% of US uranium supply. They just started counter-sanctions against Boeing with titanium supplies. Now there are rumblings they’re going to move against our nuclear industry.

The price is moving sharply higher today, in a space that has been left for dead.

If you recall, I made a small fortune playing UEC a few years ago. Well I am back in the stock, hoping US supply gets choked off, leaving me with extreme profits on the upswing of U308.

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Buying $FIZZ — Because Nothing Can Be More Profitable Than Selling Fancy Seltzer Cans

Jesus Christ it’s raining so much here I think my house might float away. I was doing some yard work over the weekend and the grading of the landscape needs repair, from heavy erosion due to minor flooding. If I don’t haul in a shit load of top soil to cover exposed tree roots, I risk having illegal Mexicans trample over them with their lawnmowers — killing my trees dead.

Speaking of which, the god damned trees are dropping like flies in the yard — always succumbing to beetles and carpenter ants. I’ll need to plant some new one’s soon. I usually go with swamp oak — because they’re strong and nearly impossible to kill.

Markets are strong — but oil is weak. I like long stocks and short Russia here, especially in light of recent sanctions on them and of course their exposure to oil.

I just bought some FIZZ too — after a long weekend of inebriating myself with the help of their little key lime sparkling water cans. They make for a fine gimlet and I strongly recommend all of you to give their product a try, especially when inebriating oneself.

Things are going swimmingly in Exodus. The algos are working tirelessly, creating new opportunities every day — and the community is vibrant, smart, and callous — my favorite qualities in people.

Back to FIZZ. When will they catch a buyout? It’s a no-brainer for any large beverage company in search of growth. With the stock bidding up nearly $3 and my new found affinity for the brand paired with gin, I like my chances playing this thru $100.

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