CAUGHT ANOTHER DAMNED EXPLOSION

I can’t stop banking coin here. I might have to write another book about this debauchery.

NCTY sprinting like children in the rain, sock off.

Long from the 80s. Going for a double or nothing.

Splendid morning, thus far. In an effort to ‘diversify’ my holdings, I took a dive into the refuse of the oil field — getting long SND. Yes, Smart Sand — because the ordinary stuff is just dull.

I bought it because I liked the chart.

Aside from that, I am long BBG, SN, and FTK. I am very keen about the oil field trash and feel good about this one. Also, I have high conviction in NXTD and NXTDw — got those Ws fellas.

Morning lads,

I started off the day with a cup of coffee that could awaken the dead. Then I logged onto my computers and saw my RMGN position, a stock that I tossed some money at yesterday at 3:53pm for an overnight hold, and was pleased to see it sharply higher.

I just sold it a few minutes ago, at the open, for a 120% gain. I owned the stock for no more than 7 minutes.

Alas, this is my new life, slumbering out of bed, looking at the blockchain, extracting money from it. I must admit, it’s all getting rather monotonous, extracting money from the blockchain each and every day. I haven’t made this much money in stocks since, well, since ever.

What are we up to now? Making MOAR gains. Come join us in Exodus. Seriously, it has never been better and I’m trading in there full time, toiling away, making people happy to be alive.

Some bullshit Twitter account tweeted that SECO got some sort of blockchain certificate, whatever the fuck that means. Briefing.com and other news wires ran it and now SECO, “the Ebay of China”, is bidding +40% in the pre-market.

#China's largest premium #ecommerce platform #Secoo ($SECO ) announced to tap into #blackchain field, introducing #SecooBlockchainCertificate, the first of its such in #luxury ecommerce sector. pic.twitter.com/9lo5g1LQ61

— All Tech Asia (@alltechasianews) January 11, 2018

This shit is easy — you don’t even need news anymore — just innuendo of blockchain greatness.

We got some other blockchainers up in the pre-market, such as DPW, COGT and many others — but SECO is the hot runner. There will be more, rest assured. Whenever you see a stock lifting on high volume, a blockchain is likely not far behind.

Yesterday I did some research and discussed possible future blockchainers in Exodus, but many are low volume turds. Truth is, if you don’t get that blockchain crack, you’re left holding a flaming bag of shit.

As far as real companies go, I’m waiting for an LC blockchain announcement to get that stock past $10. I realize the stock is $4, but we are talking blockchain here lads, sure a double in price isn’t too much to bargain for when we are talking #NewParadigm — you avocado eating filthy slobs.

Good morning.

UPDATE: MGI:

Ripple and MoneyGram Partner to Modernize Payments Pilot will use digital asset XRP to lower costs and increase payment speed, DALLAS, and SAN FRANCISCO, Jan. 11, 2018 /PRNewswire/ — Ripple, provider of the leading enterprise blockchain solution for payments, has partnered with MoneyGram (NASDAQ: MGI), one of the world’s largest money transfer companies, to pilot XRP in their payment flows. As part of this agreement, both companies will also explore MoneyGram’s integration into Ripple’s ecosystem through xVia. MoneyGram Logo (PRNewsfoto/MoneyGram) MoneyGram will pilot the use of XRP, the native digital asset of the XRP Ledger, in payment flows through xRapid, Ripple’s solution for on-demand liquidity. XRP remains the most efficient digital asset for payments with transaction fees at just fractions of a penny, compared to Bitcoin fees of about $30 per transaction. Similarly, the average transaction time for XRP is 2-3 seconds with other top digital assets ranging from 15 minutes to an hour. Money transfer companies, like MoneyGram, allow people to safely and efficiently send cross-border payments to friends, families and business partners. The current model for these payments requires money transfer companies to use pre-funded accounts across the globe to source liquidity. Newer blockchain technologies have the potential to revolutionize this process and optimize capital deployment. “The inefficiencies of global payments don’t just affect banks, they also affect institutions like MoneyGram. Money transfer companies are incredibly important because they help people get money to their friends and loved ones,” said Brad Garlinghouse, CEO of Ripple. “We are excited about this pilot and a long-term strategic partnership with MoneyGram. By using a digital asset like XRP that settles in three seconds or less, they can now move money as quickly as information.” For MoneyGram, the second largest money transfer company in the world, this strategic partnership will allow them to understand how blockchain technology and XRP can improve the efficiency of their global treasury operations and consumer experience. Alex Holmes, Chief Executive Officer of MoneyGram, said, “Every day blockchain technology is changing the norm and encouraging innovation. Ripple is at the forefront of blockchain technology and we look forward to piloting xRapid. We’re hopeful it will increase efficiency and improve services to MoneyGram’s customers.”

There is only 1 standing legacy nation left in the Middle East and that is Iran. All of the others have been ripped to shreds, so it’s not an exaggeration to believe, in my opinion, that something dreadful awaits Tehran in the not-too-distant future. With that in mind, Iran is a major exporters of crude and the price has been trickling higher, consistently, ever since Trump cut a deal with the satanists in Saudi Barbaria.

So, as investors, we can either stand by and do nothing about it — or profit immensely from the gigantic upswing in inflation that is about to befall western civilization. You can by TIPs or just get long crude stocks and enjoy the ride.

WTI is embarking on $64 this morning and I expect my crude holdings, SN, BBG, and FTK, to respond in kind.

Nasdaq futures are +19, bitcoin is stabilizing, prepare for decadence.

Here are the headlines.

Domino’s Pizza target raised to $250 at Maxim Group — See strong bench amid pending retirement of CEO Doyle
Union Pacific upgraded to Outperform from Hold at Daiwa
Expedia upgraded to Overweight from Equal-Weight at Morgan Stanley
Appian downgraded to Underweight from Equal-Weight at Morgan Stanley
Despegar.com upgraded to Buy from Neutral at UBS
Delek US Holdings upgraded to Overweight from Equal-Weight at Morgan Stanley
Zillow C upgraded to Overweight from Equal-Weight at Morgan Stanley
Barclays PLC downgraded to Underperform from Mkt Perform at Keefe Bruyette
Netflix initiated with a Overweight at Barclays; tgt $245

UPDATE: There are some who refute the S. Korea news.

S. Korea is America’s vassal state in Asia. For months, Bitcoin had traded at a significant premium, which was rakishly dubbed ‘the kimchi premium’. Now it appears lawmakers in S. Korea are preparing a bill to ban Bitcoins, which is causing the cryptos to tumble this evening, in yet another Wagnerian styled drama which will ado to nothing.

CNBC:

South Korea’s justice minister said on Thursday that a bill is being prepared to ban all cryptocurrency trading in the country.

That news is a major development for the cryptocurrency space, as South Korea is one of the biggest markets for major coins like bitcoin and ethereum.

According to industry website CryptoCompare, more than 10 percent of ethereum is traded against the South Korean won — the second largest concentration in terms of fiat currencies behind the dollar. Meanwhile, 5 percent of all bitcoin are traded against the won.

“There are great concerns regarding virtual currencies and justice ministry is basically preparing a bill to ban cryptocurrency trading through exchanges,” Park Sang-ki said at a press conference, according to the ministry’s press office.

Bitcoin tumbled more than 12 percent following Park’s remarks, according to CoinDesk’s bitcoin price index that tracks prices from four exchanges. At 1:26 p.m. HK/SIN, the cryptocurrency price retraced some of its losses to trade at $13,547.7.

Park added that he couldn’t disclose more specific details about proposed shutdown of cryptocurrency trading exchanges in the country, adding that various government agencies would work together to implement several measures.

Reuters further reported that a press official said the proposed ban on cryptocurrency trading was announced after “enough discussion” with other government agencies including the nation’s finance ministry and financial regulators.

The news wire later added that once a bill is drafted, legislation for an outright ban of virtual coin trading will require a majority vote of the total 297 members of the National Assembly, a process that could take months — or even years.

Cryptocurrency trading in South Korea is very speculative and similar to gambling. Major cryptocurrencies like bitcoin and ethereum are priced significantly higher in the country’s exchanges than elsewhere in the world. For example, bitcoin traded at $17,169.65 per token at local exchange Bithumb, which was a 31 percent premium to the CoinDesk average price.

That difference in price is called a “kimchi premium” by many traders.

Well, when China slapped restrictions on the coin, prices tumbled — until they stopped tumbling and then tripled in a week. Is this the end for Bitcoin?

I can only hope so, this way I can get back to living a normal life of leisure and not obsessed with crypto proxies. However, something tells me this is fucking bullshit. I know these crypto traders and they’re the dumbest people om earth, accustomed to rudimentary forms of research that entailed reading company profiles and citing its market cap. And that’s it. Their form of investing is based solely on price action — gut feelings — and of course market cap.

A most ruinous reckoning will soon afflict these plebs, but not yet.

Earlier today I practically took a loss in GSUM, taking just a 19% gain. A few hours ago, in between tall glasses of coconut cream, I stepped in with size and bought DPW — in at $2.24. Ask the lads in Exodus — they all bought too.

At any rate, TGiR, a trader in Exodus, has been pistol hot and decided to dive back into NXTD, so I followed him in — because I could and because I like to double dip. Remember, I played NXTD a few weeks ago from $1.50 to $7.77, like a fucking gladiator.

The gains in DPW amounted to a very modest 36% win for the day. Although I am not accustomed to taking such small wins, we must humble ourselves from time to time. Don’t we?

Top picks: NXTD, SN, NCTY, IZEA, KBSF, SRAX

Like idiots, the nerds at CES are in the dark now — trying to show off their high tech gadgets with zero electricity.

BREAKING: Power goes out at CES, the largest consumer electronics show in the world. pic.twitter.com/SpClpe8Fjk

— CNBC Now (@CNBCnow) January 10, 2018

I have a theory on how this happened.

$WATT

Those fuckers are trying to peddle wireless electricity over there.

Here’s WATT during last year’s CES presentation, charging remote controls, and shit, trying to garner some attention in their little shitty corner.

Rumor has it, WATT brought a big amplifier this year and fucking toasted the whole convention, microwaving balls en masse, causing electricity to vanish from the arena.

From the $WATT presentation at CES, which led to the destruction of CES pic.twitter.com/YyiXPuHekA

— The_Real_Fly (@The_Real_Fly) January 10, 2018

In other news, DPW is above $3 now. You’re welcome.

There have been rumors of rumors of rumors that LC was just going to toss itself onto the blockchain, a move that would surely ignite the shares and get the blood boiling again.

Alas, I went over my books and made careful considerations and concluded that I simply could not afford to miss out on this sort of announcement.

Henceforth, I am in the LC — the Lending Club — and have a KEEN interest in making loans to homeless people in burlap’d garb.

The stock is trading under $4.3. I am looking for $43 by next Sunday.

Olde man Buffett out this afternoon talking extremely greasy about cryptos, saying he’d buy 5 year puts in all of the cryptos. Then in the very next sentence admitted to knowing nothing about them.

In other words, Buffett had so many flavors to choose from, yet he chose salt.

Juxtapose this against a private crypto chat room that I was just in; and I admit that the people trading cryptos are fucking animals, but the fervor is real. I haven’t the slightest clue when this will end, but for the sake of making an investment in a group of cryptos I am interested in, I hope it ends soon and washes them out CLEAN.

I am focused on storage, an industry this private chat room didn’t like — which makes it all the more interested. On a whole, they’re mostly trading out of emotion, just like many of you — and do little to no research, instead relying on gut instincts and banal data points. It’s humorous actually, in an end of the world as we know it sort of way.