Morning Poppers (Hawking is Dead Edition)

Stephen Hawking is dead and I am sure he’s probably really happy about that, having been subjugated to that fucking chair and robot voice for all of those years. I suppose we can thank him for his work on black holes and atheism — gifts that keep giving.

Dow futures are +100, Nasdaq +44 — because I went short biotech into the close. Other than that, there is nothing holding the market back from supreme greatness — crushing the hearts and souls of orcs from middled earth everywhere.

Since I’ve gotten off that ridiculous vegan diet, I’ve been consuming meat with extreme vigor and tenacity — making up for the 9 months that passed meatless and without my balls. Well, I am happy to report to all of you useless folks out there — I’ve recaptured my balls and am prepared to use them to further my crusade.

Here are some other headlines this morning.

Silicom Limited target lowered to $50 at Needham — Reaction looks overdone, buy the dip
Story Stocks: Broadcom Stands Down from Qualcomm Acquisition Bid
Restoration Hardware upgraded to Outperform from Mkt Perform at Raymond James
Century Aluminum upgraded to Overweight from Neutral at JP Morgan

It should be noted that I haven’t the slightest idea what I am doing now. I am a man in a boat, rudderless and stupid, devoid of common sense — trading in and out of securities based upon their superficial aura. I default to nonsensical things, such as ‘gut feelings’ and ‘momentum’, instead of scientifically proven winning strategies in technical analysis. I’ve been charged with the duty of procuring capital gains in the stock market and all I’ve managed to do over the past fortnight is stack up losses — ugly, fat faced, obese, and filthy, losses.

All of it is my fault, naturally, a side effect of success and hubris. I dive into ideas without a moments hesitation and I am pleased to announce to all of you that I’ve went out and done it again.

Towards the close of trading today, I sold short the biotech index THREE TIMES, via a very poorly constructed ETF, dubbed LABD. Full disclosure, I did not read the prospectus and I couldn’t care less about whether or not I get XIV’d in it. Truth be told, my fatalism isn’t an act and I can only hope for total and complete disaster. On Jupiter’s Stone, I’ve attempted to bankrupt myself a dozen times over the past twenty years and have always, if by accident, managed to come out ahead.

My cash position is large, so the chance of a total blow out is small, unfortunately.

My hopes and dreams is for some sordid disaster in the sector, causing shares to cascade lower in Wagnerian fashion. Fops in top hats will be punched out, jaws knocked loose, teeth removed from their skeletal structure, ribs mashed into meal.

Asian markets are sharply lower this evening, as the Trump administration positions to wreck relations with China. Nevertheless, if I’m being honest here, there is little cause for concern. The market is healthy and fat and the people trading it are rich and happy. The mood is good, so the sell offs will be brief. Even still, I hope for a dreadful occasion for you biotech physician faggots during tomorrow’s session.

Meanwhile, the iBankCoin Youtube channel is still suspended. I might be able to upload videos in two weeks, maybe never. It all depends on the caprices of the Southern Poverty Law Center — our new overlords who justly decide what is suitable for the public record or not. The CEO of the company Susan Diane Wojcicki, sister in law of the founder of Google, is a social justice warrior, and a complete and utter bitch. She’s turned the platform from one of grace and freedom, to one of suppression and abuse. She using her power as a monopoly and pushing her faggotry agenda on the people. Let it be known, she will not escape the wrath of sin and will be ousted from her role as CEO in due course — because eventually it will hurt shareholders. Not that it’ll matter — after all, she’s worth many hundreds of millions and will live long and decadent, ensconced in her world of hedonism and excess, while the lot of you seek entertainment online that isn’t socially acceptable by the standards of a few Harvard attorneys who grew up in the rich part of NYC.

Rex Tillerson was a GIGANTIC FAGGOT who believed the MSM myths about the many evils that Russia does. Like Nikki Haley, Tillerson was, essentially, a repeat box for CNN. All of that should change with Pompeo, a man who doesn’t give a shit about Russia and instead believes China is the bigger threat.

In his own words.

On China

“The Chinese have a much bigger footprint upon which to execute that mission than the Russians do.. We can watch very focused efforts to steal American information, to infiltrate the United States with spies – with people who are going to work on behalf of the Chinese government against America. We see it in our schools. We see it in our hospitals and medicals systems. We see it throughout corporate America. It’s also true in other parts of the world… including Europe and the UK.”

“It’s the case that Xi Jinping has created an enormous personal power. He has taken many of the levers of power that were from time to time more dispersed. But from America’s perspective, this administration has been very clear of pushing back against the Chinese threat,” Pompeo said, using a phrase that often draws protests from Chinese officials. —-March 11 on “Fox News Sunday”

“This administration is prepared and engaged in pushing back against the Chinese threats so that we can have a good relationship with China in a way that the world desperately needs.” –March 11 on “Fox News Sunday”

On Russia

“The Russians attempted to interfere in the United States election in 2016. They also did so before that. There’s a long history of Russian efforts to influence the United States and conduct influence operations against the United States. And it was Russians who actually engaged in this, not somebody from outside of the country or disconnected from Russia.” –March 11 on “Fox News Sunday”

But Pompeo then added: “There’s not been a single indication that any vote was changed, that ballots were tampered with, or that there was any outcome determined by the intelligence community. The intelligence community has simply said that’s not our role to make that determination.”

And let’s not forget about this deleted tweet. Pompeo was a fan of the Wikileaks, not because of Russia, but because the emails were all true.

This is a Tweet Mike Pompeo deleted last year, suggesting that the Emails Wikileaks obtained through Russia's hacking proved that Obama fixed the election in Clinton's favor

Trump wants this man to run the State Department.

Pompeo DOES NOT want this seen.

You know what to do!! pic.twitter.com/KhwHGzoSdM

— Brian Krassenstein? (@krassenstein) March 13, 2018

Remember when the market was panicking over Trump getting elected? And do you remember when it went up because his cabinet was viewed as pragmatic? Well, that cabinet is gone now and Trump appears to be going full MAGA now — setting America up for confrontation with China — something that is always viewed as a net negative for stocks.

What a stupid fucking moron I am. I sold SQQQ today, basically at the lows, even chided some faggot on Twitter about buying it, and then went to spend a few hours building a Rube Goldberg trading device. When I got back, markets had already collapsed and my fucking clothes fell off from the shock of it all. So here I am, a very naked Fly before you, bereft of trading acumen — just a guy and his fucking Rube Goldberg trading device.

Stocks are plunging lower after President Trump seized power and placed Homeland’s Carrie Mathison in charge of the CIA — charged with waterboarding people for sport. Also, he placed an anti-Iranian spook in charge of the CIA — which is the equivalent of placing an auto mechanic in charge of flying an airplane. Couple that with Trump’s protectionist policies in America’s steel industry and one gets to think he’s preparing to take the country into a gigantic fucking war.

Three places of solace are dollars, treasuries, gold. In my quant account, I am long both TLT and GLD — other than that I am taking hits.

In my trading account, I have a handful of positions and mostly cash. People who do not know how to read a tape should always be in cash, so that is where I am until I learn how to trade again.

Best way to describe my current trading form is this.

via GIPHY

I’m a damn good hitter — but I’ve been off by a second in recent weeks. As a result, I am swinging and missing like a god damned fool now. Best way to avoid catastrophe is to trade small — which is what I’ve been doing.

After I sold SQQQ, naturally the bitch whore fucker went straight up. With those proceeds, I bought a major player in the home insulation business, as well as other lines of business servicing new homes — essentially a great play on new home starts: IBP.

This is a high growth company with great prospects — but it’s only a trade.

Fucking Update:

My current trading form pic.twitter.com/TYRmGhDB1u

— The_Real_Fly (@The_Real_Fly) March 13, 2018

I’m in an idea rut for my trading account. A short while ago I was gung-ho about steel and oil, but then I got bored of it and sold it all, save AKS. I took a position in BLCM, which is doing fine today, and also a hedge in SQQQ. I sold SQQQ today for obvious reasons — booking a 9% loss in the process. I know, now that I’ve sold it’s gonna go straight up. But only supreme assholes of the first magnitude think like that. I had a plan and I schemed. Now I have a 9% loss.

Truth is, betting against bull’d up markets are hard. Exodus flagged overbought two days ago and that is an even better indicator for continued strength in the market than our oversold. Reason being? Momentum tends to beget more momentum. Look for the market to strengthen over the next 5 trading days.

I am mostly cash in my trading account, sort of unsure about where I want to invest. It is times like this that I am grateful for having a systematic approach in my main account. The money is invested, has been invested, dictated by rules I set forth, controlled by robots. Perfect.

Lots of moving parts here. For one, Rex the Cro-Magnon is likely heading back to the oil barrel to live out the rest of his days lathered in a tar-like substance. Secondly, Trump has appointed the Director of the CIA, Mike Pompeo as the new Secretary of State. Frankly, placing a fucking spook in charge of the State Department is a little much — but then again, Trump is extra.

TILLERSON AIDE SAYS TRUMP NEVER TOLD TILLERSON WHY FIRED: AP

— zerohedge (@zerohedge) March 13, 2018

TILLERSON TOTALLY BLINDSIDED BY FIRING, STATE DEPT. SAYS

— zerohedge (@zerohedge) March 13, 2018

TRUMP SAYS HE, TILLERSON DISAGREED ON IRAN: BBG

— zerohedge (@zerohedge) March 13, 2018

Lastly, he’s appointed the first woman as top spook at the CIA, Gina Haspel. Previously, Ms. Haspel was Deputy Director and before that she ran a fucking black site in Thailand that specialized in waterboarding and other unsavory interrogation tactics. When she captured Al-Qaeda big chief Zubaydah — he was summarily waterboarded 83 times in a month, then sleep deprived in a large box and had his head smashed against the wall until he lost his left eye. He yielded hardly any useful intelligence while in custody.

Ms. Haspel is the recipient of the George H. W. Bush Award for excellence in counterterrorism.

Mike Pompeo, Director of the CIA, will become our new Secretary of State. He will do a fantastic job! Thank you to Rex Tillerson for his service! Gina Haspel will become the new Director of the CIA, and the first woman so chosen. Congratulations to all!

— Donald J. Trump (@realDonaldTrump) March 13, 2018

Casualties of the Trump administration. Add the knuckle dragging ape to the list.

A little background on Pompeo.

Mike Pompeo has called for the Iran nuclear agreement to be ripped up, played down talk of Russia's interference in the election and suggested that regime change in North Korea would be a welcome development (from November) https://t.co/CG6soWJhsD

— The New York Times (@nytimes) March 13, 2018

Signapore based Arago-Broadcom was told to fuck off by Emperor Trump for trying to steal our 5g technology from Qualcomm — a national treasure. Make no mistake, the faggots from Broadcom are working for the Chinese and the Chinese want to cock-block US efforts at world dominance.

The President cited the CFIUS Act as a determination in making his decision. Let it be know, we, as a nation, shall not accept foreign interlopers on our shores. Let it be know, thou shalt NOT buy out our national treasures for $117 billion.

Via CNBC:

The president said in his order that “there is credible evidence” leading him to believe that Broadcom through control of San Diego-based Qualcomm “might take action that threatens to impair the national security of the United States.”

“The case that has been constructed is that, given Broadcom’s business practices, the worry is that they will cut investment significantly, particularly in the 5G roadmap, weaken Qualcomm, as well as the U.S. position and allow Huawei, a Chinese company to take the lead,” explained Stacy Rasgon, chip analyst at Bernstein.

The Treasury Department said last week in a letter to lawyers involved in the deal that Qualcomm was trusted by the U.S. government and cited Huawei as a competitive threat in the development of 5G, which is a telecommunications standard that will allow for faster transfer of data.

Beyond those 5G concerns, there’s even more to Trump’s decision to block the deal, experts said.

“It is not just China, it is not just chips. It is broad technology. It is U.S. military power and economic power going forward and he’s got a very consistent point of view,” said Ron Napier, head of Napier Investment Advisors.

“Trump has been saying all year long since he was inaugurated that security is very important to him, technology is very important to him, trade is very important to him and getting jobs back to the United States is very important to him. He’s making this all into one fabric,” he added.

“He sees this as the U.S.’ last big stand if it’s going to remain the leader of the free world,” Napier told CNBC.

Broadcom said in a statement that it “strongly disagrees that its proposed acquisition of Qualcomm raises any national security concerns.”

A White House official told Reuters that the national security concerns of the deal relate to risks associated with Broadcom’s relationship with foreign entities.

The latest development shouldn’t come as a surprise, said Quincy Krosby, chief market strategist at Prudential Financial.

“The president has been very clear about wanting to take care of competition within the United States and having tech companies stronger and stronger,” she added.

Although the particular deal is complicated by the fact that Broadcom is based in Singapore, the more important issue is actually to have companies in the U.S. “get stronger and stronger” rather than getting diluted by the combination of two very large companies, Krosby told CNBC.

Even before Trump’s order, the U.S. Treasury’s Committee on Foreign Investment in the United States (CFIUS) had already expressed concerns about the transaction in a March 5 letter addressed to Broadcom and Qualcomm lawyers. CFIUS listed several issues, including Broadcom’s reputation for cutting research spending and potential national security risks.

This is the fifth time ever a U.S. president has blocked a deal based on CFIUS objections and the second deal Trump has stopped since assuming office.

Shares of QCOM are -4.5% on this news.

Here’s Hillary demonstrating some great motor skills in India. This is indicative of her campaign. Just before she slid down these fucking steps, she shit on middle America — calling them rural retards. She then tried to ferry her way back to her stretch limousine, but first lost control of her most basic motor skills and nearly tumbled head first down a steep flight of ancient Indian steps.

Hillary doesn’t represent the elit…

Translation:

If you voted for Trump you’re a racist pig-fucking rural retard, locating in flyover country — literal morons who are as stupid as you are white. Moreover, your collective GDP is a pittance compared to the base of the democratic party, coastal billionaires who enjoy large soirees — eating grandiose lizards and drinking cocktails with fucking goat brains in them.

Being a Trumpster is no different from being a school shooter or a fucking Klansman, burning crosses in the yards of black folks. You’re just too fucking stupid to understand this. Therefore, you should just vote democrat from now on, in order to permit the intelligent portion of the country steer us into the future.