Elon Musk Roasts Shorts Balls to Cinders; Saudis Grab $2b Stake

One of the big cases for short sellers of TSLA was their cash burn and the fact Musk needed to raise money. He said during his conference calls he did not need to raise cash and would not, which raised eyebrows amongst the analyst community.

It’s important to note that although the Saudis snagged a $2b stake in TSLA, none of that will go into the companies coffers. In fact, Musk rebuffed their offer to sell shares directly.

Source: Zerohedge

Saudi’s Public Investment Fund (PIF) built the undisclosed stake of between 3 and 5 per cent of the electric vehicle maker’s shares this year, according to people with direct knowledge of the matter.

Interestingly, The FT reports that PIF initially approached Musk about purchasing newly issued shares but Musk reportedly rebuffed the offer – perhaps anxious of the perception of further dilution and the promises he made of the need for more capital.

Note, however, that Tesla gets $0 from this secondary market investment – at a time when the carmaker is losing a record amount of money.

Nevertheless, Musk is taking this opportunity to fuck with short sellers, implying he’ll take TSLA private.

Am considering taking Tesla private at $420. Funding secured.

— Elon Musk (@elonmusk) August 7, 2018

Here's Elon vs shorts $TSLA: cc: @elonmusk pic.twitter.com/1feb6S9jA6

— The_Real_Fly (@The_Real_Fly) August 7, 2018

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Life is too fleeting to worry about stock prices. I was supposed to chill out for the balance of the summer — head on over to the beach and doze off in front of a good book. But here I am now, long a shit load of SAAS plays, barreling into earnings, completely hooked and invested into this renewed bullish spirit that appears to be everlasting.

Now the smart thing to do is to unwind after great gain, especially with the Trump-China trade war ongoing. But I never listen to reason and have always been obdurate. I suspect I’ll endure several mammoth drawdowns before the end of 2018, sandwiched in between the biggest fucking gains you’ve seen in your lives.

Here are my active positions — all in the same sector — pretty much. Should we see a decline in cloud stocks, I’ll be heading out the window for an expeditious meeting with Mr. Concrete.

Odds and ends: Tech is now 26.5% of the overall market weighting — new record.

And services are the most hated stocks in America.

Remember when we were a services economy, about 10 years ago? Yeah, now we’re high techFAGS, marauding the globe in search of cheap labor.

If you’re interested in playing around with the Exodus algorithms and too lazy to sign up for a free trial, I opened them up to the public for free at FreeStockAlgos.com.

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In my latest batch of buys, I endeavor to achieve immortality. All of them are going higher and that’s all there is to it.

Also, I sold out of BITA for a 5.2% loss. China is most definitely losing the trade war — or ‘loosing’ like some of you illiterate retards like to say.

After booking the 22% win in TWLO, and having FRPT up 15%, I am feeling generous and gregarious, dare I say. Take a good hard look at DOMO — that fucker might really get going soon.

As an aside, my CBLK, famously known as “The Cock Black” inside Exodus, is also looking worthwhile.

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There’s a lot of confusion out there regarding SAAS stocks. I always explain this to people when I speak to them and highlight how  incredibly efficient the industry is and how the share prices are merely a reflection of their efficiencies. Case in point, look at today’s scorchers: TWLO, RPD, FIVN.

I was lucky enough to have TWLO heading into earnings and just sold it for a 22% win. There will be others.

I am riding NEWR into earnings too and couldn’t care less if the stock traded down after they reported — because that’s a low probability occurrence. Odds are, they will absolutely crush earnings and the stock will head higher.

I’m also fortunate to have this dog food stock, FRPT, into better than expected results. The humanization of dogs continues and people pay up for quality. I’m not selling FRPT, in spite of today’s gains.

I’m gonna buy 4 new stocks today. Stay tuned.

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I bought 7 stocks today. All went higher. For the session, I gained 300 basis points — taking a cleaver to the faces of those in my way.

After the close, TWLO banked coin and the stock is streaming higher in an afternoon delight. You tried and failed to stop me. Now go home and take a plugged toaster into the tub for a nice soak.

This is what you get in The Pelican Room — actionable advice that produces real life wins.

Prepare for more winship gents. See you in Exodus bright and early.

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Full disclosure: For iBankCoin — I employ a private server domiciled deep in a cave in upstate NY. This server is guarded by military 24/7 and have orders to kill on site (KOS) for anyone who attempts to even look sideways at the server.

But for Exodus, the server is held at Rackspace — because MUH cloud services and safety and MUH limitless bandwidth. Their entire shit is down now — hence fucking us in a miserable jam-box. I am without my people, talking extreme shit, making fun of @Diddy for being a bank loving pizza eating bagel eater.

I apologize for the incompetence at Rackspace and hope to have Exodus up soon.

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On Friday I was an immense pussy, selling stocks, creating hedges, scared of my own shadow. Today I awoken a real man again, hairy chested alpha-male, super predator, in search of weak, low energy, fagLORDS who try to scare people out of the market. Plus, I also want to maim and seriously injure anyone who receives FREE LUNCHES in San Fran or person’s using straws.

Le Fly is supportive of all types of anarchy, no matter how unreasonable it might seem.

For example, I support the banning of free speech on Youtube. I also, incidentally, support the banning of entire networks too. I’d like to see channels kicked off the air without notice, people censored and tossed into prisons for petty crimes, and short sellers castrated for trying to fuck with prosperity (double entendre alert).

In spite of all of these entertaining side addendums, stocks will still trade higher. You can bank on that. Matter of fact, if they don’t, I’ll wrap myself in my favorite burlap blanket and toss myself into a lit fireplace.

YOU CANNOT STOP THE MADNESS. IT HAS ONLY JUST BEGUN. TRY TO GET IN MY WAY AND WILL WILL RIP YOUR LEGS OFF YOUR BODY AND BEAT YOU TO DEATH WITH THEM.

Everyone good?

If you need help — hit me up. I’m available to anyone who needs it, 24/7.

Come inside the confines of Exodus and be a real man with chest hairs.

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Try to stop me and I’ll tear your jaw off from your face.

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The retail investor is no longer needed in market. We’ve got machines running things and with the increase in margins, corporations have enough money to buy back their shares. By reducing share count, their profits increase; hence creating a ripple effect that is both repeatable and self-fulfilling.

Goldman’s resident bear-shitter, David Kostin, highlights the immense amount of buybacks taking place in 2018. Marvel at it.

“Corporate repurchases remain the largest source of demand for shares,” wrote David Kostin, chief U.S. equity strategist at Goldman.

Kostin also noted that the year already has seen a wealth of buyback announcements, with companies authorizing $754 billion worth. History shows that there’s typically an 85 percent follow-through rate, so that would add up to $640.9 billion worth with 20 percent of S&P 500 companies yet to report second-quarter earnings.

Moreover, technology has accounted for 40 percent of those authorizations. That could be critical in the days ahead, as tech companies have provided the most market volatility this summer. Netflix and Facebook have been two of the shakier stocks as both face challenges in terms of users and public perception.

“Significant potential demand remains for shares as firms complete their existing programs,” Kostin said. “Buybacks represent the critical source of demand for shares given most other ownership categories are net sellers of stocks (households, mutual funds, pension funds).”

There’s nothing you can do to stop it. Markets have no choice but to trade higher, in spite of trade wars, Trump, demotards, anything.

The time of the bull is now. Le Fly stepped in and bought 7 new stocks today, all of which will be revealed soon.

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The market looks fine and I have too much cash. I sold out of TZA and took a 10 cent loss. The point of TZA was to hedge, so it made no sense holding it for more than there opening tick.

With some of my cash, I bought CBLK and SPOT. If I could, I’d buy more HUBS — but it’s already a triple sized position. The stock is now flagging oversold in Exodus with flawless stats.

I’m gonna buy 5 more stocks today.

Stay tuned.

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