Fly Buy: $AYX

I’m almost ready to sell my olde man stocks and once again fully embrace the grandeur of the tech led stock market. Being that it is a Friday and anything could happen over the weekend, I will refrain.

However, I did take a portion of my cash to buy more AYX — which is now a double sized position.

Happy Friday — enjoy the bounce.

Nothing will top this today.

I am a business magnet

— Elon Musk (@elonmusk) September 7, 2018

Tesla CEO Elon Musk smoked weed during a live interview with comedian Joe Rogan https://t.co/Dim9ecYctj pic.twitter.com/PhnvRK9cru

— TicToc by Bloomberg (@tictoc) September 7, 2018

Even though we’re barely down, the dips have been shallow and unless this time is different — buy the dips.

While many of you were getting your brains punched in, long tech, Le Fly was preserving his money in K and CLX, and pot soda play NBEV — amongst others. I gained almost 100bps today, in a market marred with discord. In the after hours, several SAAS plays CRUSHED estimates, which should lend to the perversion in the AM.

I happen to believe we’re not done going lower. One could only sustain oneself on pot stocks for so long. It won’t be long until we fall apart at the seams and this glass house built atop of a charade will collapse, taking with it all of the indecorous catamites who’ve been dutifully serving this market for the better part of the past two years.

With Trump going out due to mentally instability, so will the stock market.

Who remembers how miserable the very evil Obama market was the past two years of his administration? It was equal to living in the Great Depression, if not worse. With Pence as President and Trump’s anti-fuckery policies gone, I suspect we’ll return to a very staid 1% GDP growth, ravaging and raping markets with sheer contempt.

Gains were found and enjoyed in GIS, HAIN, and KR today. I suspect this trend will continue and expand in the days and weeks to come.

Raise cash or die.

I don’t take days off. I even work while on vacation. However, due to exogenous circumstances, I will be away from the desk today and will not have access to a computer, aside from the occasional phone check in. In other words, no fucking blogs today — but maybe a comment or two here and definitely some comments inside The Pelican Room in Exodus.

Feel free to shit inside the comments section here, making blog requests, or asking general questions about investing — sentences designed to find out how Le Fly does it and what makes him the world’s best trader (cue position and portfolio implosion now).

Some topics for discussion.

What will be the hottest gimmick sector over the next 6 months?

AI

Sex Dolls

Cannabis

Blockchain

SAAS

Biotech

Something Else

This is crypto mania all over again, only with this shit — you get high.

Check this out.

UPDATE: New Beverage Slides Show Over Past 6 Months Co. ‘Tested CBD beverage in Colorado,’ ‘began distribution partnership discussions with majors’ $NBEV

— PSK2329 – JHC (@psk2329) September 5, 2018

Little piece of shit company NBEV is working on a fucking pot drink for their Marley Beverage line, which they purchased several years ago.

How fucking high is this stock gonna go?

Literally just getting started here. Thank me later.

Listen to me. AG Sessions might start crucifying tech titans in order to distract people from the fact that Trump called him retarded, old dumb southern dumb.

This just out.

“We listened to today’s Senate Select Committee on Intelligence hearing on Foreign Influence Operations’ Use of Social Media Platforms closely. The Attorney General has convened a meeting with a number of state attorneys general this month to discuss a growing concern that these companies may be hurting competition and intentionally stifling the free exchange of ideas on their platforms.“

While I believe this will have ZERO effect on the sales teams at my favorite SAAS plays, I do think the optics for tech is bad now and the action horrendous.

With the 65% cash I have burning a hole in my pocket, I put some of it to work here, buying CLF, K, and CLX.

Both K and CLX are old women stocks, feeding the kids and washing the bathroom floors.

The other is a coal play, a man play.

Any questions?

Cash has been drawn down to 50%, awfully conservative and definitely scared. However, truth be told, I am in the midst of a family emergency and have had little to no time to watch markets. While I can do this shit with my eyes closed and without even reading news, I am not feeling the current vibes and rather wait to see how the next few days unfolds — before making a serious stand.

Sorry for the late post. I’ve been very busy with family related issues.

I could be reading this wrong, but I doubt it. Today’s market rout is extraordinary in that it is targeted against the winners — especially tech, in particular SAAS. This is what you’re gonna want to do now: SELL.

I sold a variety of stocks, mostly for losses, and upped my cash position to 65%. In my Quant, it is 100% long and that’s just the way it is. However, it isn’t getting mangled like tech today.

Watching my Bubble Basket, you can clearly see the highest valuation names are being stomped out — down by more than 4%.

Don’t get bearish. Don’t get bullish. Perform as an operator and raise cash.

These are my sales:

Sold $DATA breakeven, sold $MEDP breakeven, Sold $YY -4%, sold $TENB -6%, sold $TRHC -12.3%, sold NEWR -6.66%.

If markets bounce and tread higher, fine. I have plenty of stocks to buy. But if I’m right and this is only the opening salvo into what could become a truly horrific September, you’ll thank me for this post that convinced you to get defensive.

CNBC has been circle jerking around Amazon all day long — sucking Bezos off because he turned a shitty book website into a trillion dollar enterprise. Pfff — big deal.

In other news, Bob Woodward says Trump is fucking insane and his own staff formed a coup to prevent him from ditching NAFTA and a S. Korea trade agreement. More nothing.

Lastly, and most importantly, I bought NEWR — because the stock is great and the shorts are filled with terrors.

My purchases today took my cash levels down to 35%. Moreover, my quant trades have been executed and I’m locked and loaded — eagerly awaiting for total market calamity.

Top picks: AYX, NEWR, TRHC, and APPN

I’m putting some money to work here — because I have too much cash and want some exposure to this chicanery.

I bought APPN and TRHC based off my momentum screen and ENDP because the Exodus overbought signal is suggesting there is a high degree of certainty for a continued move higher.

Observe.

What does that mean?

It means that the past 12 times ENDP has reached this stress level to the upside, it had gone higher 91% of the time for an average return of 13.2%.