I DOUBLED UP ON THE FOLLOWING POSITIONS: $ZEN, $TEAM

I made both double sized positions. Try to stop me and see what happens. Both stocks are destined for much higher price levels. Get me my way and I’m liable to break your hands off your wrists and kick you into traffic.

Come on — what the fuck sort of tomfoolery this this? When China reports their +6.8% GDP every quarter, it’s always met with hard eye rolls — because no one believes their central planned numbers. Now with Trump being able to tout a very impressive +4.1% GDP number, which is likely a one off event, he’s upping the ante and talking greasy now — saying we can go ‘much higher’ and that +5% is a small number. He thinks we’re gonna grow at 6,7,8, fucking 10% GDP.

.@POTUS on GDP growth: "I think we can go much higher in the 5's." pic.twitter.com/IP9IW2KzQe

— FOX Business (@FoxBusiness) August 8, 2018

I’ll tell you want — we grow more than +5% GDP and I’ll throw myself into a lit fireplace.

Mark this post: We will never grow at +5%. Ever.

I have zero interest in holding stocks that go down after earnings. I made an exception with HUBS — only because I knew Wall Street was wrong — because I know the company. Seeing the stock up nearly 10 since earnings day confirms my winship. It is now my largest position — 15% of my portfolio — edge-lording higher.

But today I had to sell two stocks that are down post earnings: CBLK, QTWO. I have no allegiance to them and zero interest in buying more, so they’re gone.

CBLK was a small gain and QTWO was a 4.5% loss.

Over in dog-food land, I kicked out FRPT, which is spiraling higher today without news. I took a 10.5% gain there. I like the concept, but a gain is a gain is a gain.

Moving on, I am now armed with some cash and motivation to find something really good. I have fantastic YTD returns, and overall great mix of trading stocks, wonderful quant portfolio, and disposition to win — because I’m thinking clearly and without distraction.

There’s something inherently wrong about being bearish on stocks. I’ve come to re-program myself into believing there is literally nothing that is able to stop the upward march of progress in capital markets. Sure, every so often, brief periods of angst and dissipated zeal edge into the tape — causing an inconvenient ruckus of sorts. But it’s never lasting and it’s always worth buying.

When was the last time we had a really good row in the markets? When was the last time you were scared?

There are some out there who, stupidly, will take a post like this as a legitimate reason to sell stocks — citing feckless anecdotal evidence from some guy from NJ who blogs anonymously and talks shit on Twitter as a reason to fade a bullish opinion. I’ve been talking shit since I was 4, so don’t use me in one of your psychological experiments in high finance. You’ll just end up wrecking yourself and your lifestyle.

Early going I have a mixed bag, with FRPT up and CBLK down. Markets are leaning towards weakness — partly due to the China trade war, but mostly because it’s August and people with money are on vacation and actionable trading is all but automated to a few pikers from the B team.

We’ve all been having a nice time in the market — drunk from the gains and the excess of avarice. But is now a good time to recoil, spit back into the backwash of yesterday’s market winners and take up a new avocation? Perhaps shuffleboarding?

Look at the chart of the VIX and notice how this level is pretty much bottom for the past 5 years. Complacency is at a low point and markets an ebb tide.

My last foray into VIX was via XIV and I got wiped the fuck out clean in it, thanks to not having time to have read the prospectus. On page 147, it clearly stated buyers would get swallowed whole by giant pelicans should the index move higher in any meaningful way.

Although I’m reticent to act upon this, would it be wise, perhaps, to take a step back from high octane balls to the wall earnings plays?

Asking for a friend.

I’ve made a fortune in this stock the first go around and it has since collapsed. The Chinese sector has been ruined by a certain Donald John Trump — but the WINS of the world are coming back.

At any rate, I’m stepping back into BILI here — because I said I would and because if I’m early, I stand to make a fortune. As always, stop will be ~10% below basis.

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

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.

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.

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.