There’s a Trade War Out There — Lighten Up on Stocks Francis

It’s raining out here, so I can’t travel down to the beach and stare into the horizon today. I normally like to do that on Friday’s, but will instead head into the kitchen and prepare a great meal, with lots of red wine involved. Beef of course.

The trade war is having a deleterious effect on Chinese related stocks, as sentiment sours, so does my IQ. Not a problem! I sold out of IQ and took an 8% loss. When your positions are measured and small and contained, taking losses is not an issue. It’s part and parcel of being a responsible trader.

I also sold RNG, and booked a 6.7% profit. Let’s call it a wash.

The HUBS triple sized position is really hurting me today — but I’m okay with exhibiting a little patience with this one. The market is poor and SAAS stocks are the first one’s to get hit. People always hate on success and target it, so it should come as no surprise to anyone paying attention that short sellers piss on SAAS stocks first.

I have an inclination to be careful, rolling into the balmy days of August. I’m 55% cash, 100% content. Let the chips fall where they may — we’ll do our duty and profit from this mess.

Also, and lastly, I bought TZA as a hedge, in order to sleep well Sunday night.

Ciao (the most annoying form of goodbye).

This is a brief foray into the world of speakers. I came, I saw, I killed it, for +24%.

Proceeds move to cash, which is now upwards of 45%.

I feel like heading back for a small siesta, a re-charger of sorts. Making all of this money is boring and gets me sleepy. I’ll probably drink a TopoChico and then head back for a slumber.

Mind the store, would you?

Meh. It appears the Chinese are softening their stance. Plus, last night the Japanese stock market overtook China as #2 most valuable exchange in the world. There’s a lot of worry about if your China and nothing at all if you’re Trump. It appears, at least from this viewpoint, that the US is in fact winning again.

“The implementation date of the taxation measures will be subject to the actions of the US, and China reserves the right to continue to introduce other countermeasures,” China’s release said. “Any unilateral threat or blackmail will only lead to intensification of conflicts and damage to the interests of all parties.”

On that news futures are slightly higher, a moderate nothing-burger.

Unrelated: Sonos is ripping higher in the pre-market.

Find out how Exodus ranks your stocks at FreeStockAlgos.com

You’re extreme fools if you thought Le Fly was going to sit out this foray into hedonism. Immediately upon seeing this tape, I seized upon SONO like a rabid animal in heat and fornicated with it for an intra-day 17% win. I did not sell it because I intend to use it again during tomorrow’s session. I am so confident in this trade, why, I am willing to cease blogging for the entirety of my life if it doesn’t trade sharply higher.

I enjoyed a harmonious session, with SAAS related stocks jimmy-rigging higher by 4%, in addition to my newly minted MEGA-capped Quant fund. My only set backs were IQ and HUBS. But, believe me, it’s good for my soul to endure a sense of loss-hood, as it keeps me grounded and in touch with the working class shlubs who toil day to day for scraps of beef to eat in their sparsely decorated parlours.

“The Fly” is a man of the people, born inside the sewers of Brooklyn, rising from its shit-filled ashes to become the renaissance man he is today — a distinguishable force of good and culture for the people in finance. I’ve dedicated my life to this trade and have done so with the utmost degree of satisfaction and responsibility. Gone are the days of needing retarded stock’d brokers or “financial advisors” to waste away your savings and fribble away at your gains with their onerous fees. Say “no” to their oversight and tell them you’re under the auxiliary auspices of Le Fly and have joined Exodus after FREE TRIALING and have never been happier, or pleased, with the profound think tank commentary taking place in the Pelican Room.

Some would argue “The Fly” is the single best trader to have ever lived, in the entire multiverse. I’d simply say I am doing my job to the best of my genetically superior abilities.

(Tips hat)

It’s never coming. You’ve been warning others of impending collapse in true chicken little fashion. I am here as a reminder of sorts that it’ll never happen. Stocks are designed to trade up. If you’re not making money in this tape, you’re genetically defective. Come inside the comfy confines of Exodus for one week and if I don’t make you a better trader and person, I’ll toss myself into a lit fireplace.

Here are the facts.

SONO is going to $20, on a fucking bee-line.
Breadth for tech is 70% and climbing.
My Bubble Basket is +2%, indicative of risk on.
My SAAS basket is +3.7% for the session.

The bull run is on. Get in or get fucking steam rolled.

You will be liquidated and inserted back into the matrix and repurposed. Anyone who isn’t carefully considering owning SONO for the long term is seriously retarded, and in a bad way. There are various forms of retardation. There’s the one that isn’t funny at all and deserves the empathy of all. There’s the type of raucous behavior that is often considered ‘retarded’ because callous men decided the word applied. And then there’s those who do not deserve empathy and aren’t behaving wildly. Those people are just really dense and stupid. They are the bad form of retard.

I will have you know, and this is without question and cannot be debated, SONO will trade higher.

Superior Audio Devices, Designed for Intelligent Humans

On this being the IPO date, let it be known that Le Fly stepped in sideways and purchased shares of SONO at $17.80 for the explicit purposes of profit. I do not care about valuation, nor what your feelings are about the market. I know this and this alone: everyone worth talking about enjoys their Sonos speakers.

I stepped in like a man and made HUBS a triple sized position, cost basis is now $125.

Also, I bought TWLO, who is going to report earnings tonight. I did so because I don’t give a fuck.

Related: Mongo has busted loose from its cage and is now rampaging throughout the city. $MDB

NOTE: I don’t give a fuck.

Many of you thought it would be Google, even more thought it’d be Amazon. Several years ago, a whole lot of you thought Samsung phones were cool. You were all wrong. Samsung phone are nonsense and Apple beat everyone to $1 trillion.

This is a post to commemorate, celebrate, and to pay homage to the greatest retail and electronics company the world has ever known. The halcyon dreams of the late Steve Jobs have trans morphed into a gigantic business, the largest ever, while also pleasing countless people with their great devices and customer service.

We are going with $203.45 as the price at which $AAPL hits $1 trillion in market cap (despite what you may have read elsewhere.)

(via @peterschack) @CNBC

— Carl Quintanilla (@carlquintanilla) August 1, 2018

One would presume the law of large numbers would’ve kicked in a long time ago; but miraculously, and this is a testament to Tim Cook and the entire AAPL team, they’ve kept growing and the share price has rewarded investors handsomely.

Look at that sales ramp.

1 TRILLION DOLLARS $AAPL pic.twitter.com/f0oSpd4uC2

— The_Real_Fly (@The_Real_Fly) August 2, 2018

I bet you investment advisors out there are chimping out over this disruption in the status quo. You should embrace the change, even if you disagree with it. The only people who should loathe this change are those with $100 million + in the bank. Everyone else should be viewing this disruption as an opportunity to catch up.

When the markets crashed in 2008, now knowing what we know now, it was the greatest buying opportunity of a lifetime. Fortunes were made and lost. Back during the dot com era, solemnly watching our monitors remove our net worth from the marketplace, we viewed the disruption with animosity — a horrible reset that crushed our progress. If we’re lucky, we’ll get one more chance to make a great fortune in the markets and if that is going to happen, it sure as hell won’t happen from all-time highs — with AMZN fag-lording near $2,000 per share.

We need blood and carnage, and also more blood. Let the sellers sell and the buyers go away. After the cinders have smoldered long enough, we will step in and dust off the treasures and place them into our purses (no homo).

Admittedly, that was fantasy blogging. Nasdaq is down 20. Giant nothing-burgers abound. I have ~45% cash now — staying small for the balance of the summer — looking for deals.

DEVELOPING…

Chinese stocks are getting smoked out, off by more than 3%. Some believe it has something to do with Trump fixing to bankrupt China with new tariffs, others believe it has something to do with Chin’a politburo saying it would ‘resolutely curb’ housing prices. Property developer stocks are off by nearly 4% and the index is now lower by 41% for 2018.

Over in Hong Kong, the indices have been poleaxed into dust, lower by 2.5%. The NIKKEI, -1%.

Dow futs are off by 0.3% and the Eurotrash, -0.40%.

It’s all bullshit, believe me. We have the best markets and we’re going to have the best deals and the best trading partners. Many people believe, from what I’m told, markets will go up in a big way.

I just got back from a fun filled day of driving thru NYC traffic and then visiting family in Brooklyn. After the close, HUBS smoked on the top line, but missed on the bottom. They guided up and the numbers look great. However, the stock retreated by 8% in the after-hours — because retards seem to think SAAS companies give a shit about net income. All that matters is the top line. This company is smoking hot on all cylinders — buy dips.