I like the fact that Californians are soon going to be FORCED to have solar panels on their new homes. This is the brand of authoritarianism that can make us a lot of money. I’m all about freedom, up until the point it gets in the way of making money. If we can simply strip people of their rights in an effort to make more money, I am with that too.
Today I wanted exposure to solar, due to high crude. I bought the top ranked stock in Exodus, top Sharpe ratio in solar: ENPH. You can do nothing about it. It will trade higher.
Early going, I am enjoying success of the wanton nature in BZUN. Also, I am eagerly optimistic, almost giddy, over BILI. With HUYA hitting $23 and the sector on fire, it’s only a matter of time before traderFAGS figure out BILI exists.
I’ve never seen a company being targeted like this. Elon Musk must be on some sort of banker kill list. Maybe he fucked one of their girlfriends, or perhaps stole some engineers from someone important. Say what you want about Tesla, it’s comical to see the media attempt to ruin them on a daily basis, showcasing each and every car accident, making it headline news, as if a fucking plane just crashed into the Empire State building.
Sure, Tesla needs cash — but has any of these losers bothered to look at the fucking share price?
This is a $50b company. They can raise $10b today in a secondary if they absolutely wanted to.
Here’s Goldman, fear mongering by pretending Tesla doesn’t have the immediate means to raise capital — tossing out a $10b number as if this were some sort of sub prime lending capital call.
Source: CNBC
“We believe this level of capital transactions may be funded through multiple avenues, including new bond issuance, convertible notes, and equity,” analyst David Tamberrino wrote in a note to clients Thursday. “We see several options available to the company to refinance maturing debt and raise incremental funds, which should allow Tesla to fund its growth targets.”
While Tamberrino was confident chief executive Elon Musk won’t have trouble acquiring the extra cash, the infusion will likely present its own costs. Issuing additional debt could weigh on the company’s credit profile, while supplying more stock or convertible bonds would dilute current shareholders.
Despite the forecast for additional capital requirements and a sell rating from Goldman, Musk insisted he has no intention of raising new money as recently as May 2.
Asked earlier this month if he’s mulling a capital raise, Musk simply said “no.”
“I specifically don’t want to,” he said on a conference call after Tesla posted first-quarter earnings that beat expectations.
Tesla finished the quarter with roughly $2.7 billion in the bank, down from a balance of $3.4 billion at the end of 2017. The persistent cash burn has kept analysts like Tamberrino unconvinced that the Palo Alto, California-based company can keep going at this pace without a larger financial cushion while short sellers keep the heat on the company’ equity.
Tamberrino believes the stock price will fall to $195 over the next six months, a 31 percent decline.
Great, more nothing. I can’t wait to see TSLA shorts roasted on a spit.
No one gives a shit about CSCO anymore. This isn’t 1999 you oldFAG. Get with the times. Life these days is about not giving a fuck about old companies and instead focusing on the new. What the fuck is FB and SPOT doing? That’s what the young people want to hear about — not some bullshit about CSCO being regular pole punching losers.
Futures are slightly lower — but Europe is higher. Brent crude is $80 and it’s only a matter of time before crude tops and splits you fuckers in half for getting greedy.
My BZUN crushed numbers and is sharply higher. Prepare for more winship.
I think it’s fair to say my cold streak is over — as I am 6 for my last 7 and the profits are streaming in on a regular basis now.
(30 minutes later)
Sorry, this post was supposed to go out earlier — but I got distracted on a phone call.
In short, fuck Cisco, but let’s all hope and pray the zebra will start braying again from being foolhardy and let’s see this market truly go down, even if it costs us a few pennies for our troubles.
As the media issues fake news reports, trying to get you into dastardly SOXS positions, I am here to remind you that higher interest rates is a precursor for higher stock prices. It has always been this way. You can try, and fail, to prove me wrong.
Go ahead.
Presently, the 10yr is at 3.10%. Although negative in the long term for debt laden faggots, it has always led to an immediate rush for equities.
In the meantime, Exodus Quant is fucking crushing the market, up nearly 5% over the past two weeks — 120bps better than the SPY.
Here are the returns for each holding per stock. The details of the positions are for members only. But I’m sure so many of you are doing so much better with your elaborate technical based strategies and scoff at such returns.
Including BILI, Le Fly is 5 for 5 in recent trades, with IQ on hold. Watch it melt up tomorrow. I’ve eliminated the loss in SOXS and now find my deepest most malevolent enemies saddled by it — sweating profusely as the market gears to grind higher.
TZOO was a +21% winner over 1 week. Thank you for the accolades and I hope that you bought it now, positioning for the true move higher.
I bought BILI, another Chinese streaming racket, at $13.18 and I will sell it for north (cringe) of $18 in less than 1 week hence.
If you’re wondering what’s driving this shit — look no further than HUYA — a recent spin off from YY. People want the next Twitch and are desperate enough to look for it in China.
Make that 4 in a row, following the great SOXS blow up of 2018. I blew out of my TZOO for a 21% gain — and the two enemies who read this blog daily are getting smoked in SOXS today. It should be noted they both took out fictitious long positions after I had sold at “the bottom” and are now tethered to the stock until they admit they ficticiously sold it.
Both men have hearts as black as grizzled mud and deserve each and every loss they endure.
With the proceeds of my TZOO expedition, I’m in cash — for now, until I better assess the situation.
This would be my third consecutive winning trade following the $SOXS scandal. Although a small win, a humble family man, such as myself, takes wins where he can. With the proceeds, I bought the iron/steel stock with the highest Sharpe and dared Mother Market to do something about it.
The stock never goes down, ever. So if I lose on this trade here, and this goes without saying, I am truly cursed.
I do have a healthy cash position at the moment, eagerly waiting for me skillsets to kick in — the natural instincts that guided me over the years. Life is similar to trading, in that it’s filled with peaks and valleys. The trick is to limit your exposure when you suck and go all in when you’re on fire.
Let me just say this to you, okay? No man should have to walk his fucking coyote at 6:30am — period. This morning I was entreated to an energetic snarling in my face by this coyote who lives in my house. After 5 minutes of incessant cajoling, I took the fucking dog for a walk. Lo and behold, it wasn’t an emergency of some sort. The dog just wanted to chase birds and yell at squirrels. She didn’t even defecate on my neighbors lawn. After 30 minutes of wasting my time, while being dead tired, I took her back home and for a brief moment or two I hated her — until I realized I was just sleep deprived and her life wasn’t as exciting as mine, and that I was being a faggot.
Futures are slightly lower — but bitcoins are getting crushed. We’re talking full throttle massacre in the crypto space — taking the entire asset class below $400b. Meanwhile, the dollar is cruising higher again by 0.6% and the ten year is at 3.06%. Mortgage rates are sharply higher and this can only be viewed as deflationary, a force to be reckoned with, a vortex that is as black as it is a hole.
Simultaneously, a whole swath of household names are getting fucking crushed. This kids is called ‘multiple contraction.’ Because the Fed is purposely trying to hurt the economy via higher rates, the effect is felt first in stocks with high levels of debt and/or who pay a dividend. Due to lack of growth, the main driver for many household consumer names is income. The higher a tax sheltered government bond yield goes, the less attractive a somewhat risky American icon becomes. Hence, we’re at a fork in the road now: is this something to fear, the proverbial canary in the coal mine or more nothing?
On this topic, Goldman upgraded GIS today, so there’s always that.
On May 25th, I will turn 42. After I hit 40, I felt like my life had ended. I was getting my affairs in order and making sure my family would have food and shelter upon my liquidation back into the matrix. Over the past two years my virility has been greatly diminished, but a lot of that has to do with the fact that I WAS A FUCKING VEGAN FAGGOT. Before the vegan faggot phase, I was a gluten free edge-lord, rejecting slices of bread at restaurants because gluten was the enemy.
Now that I’ve corrected all that (extra Delbert Grady), my new enemy is life itself. Instead of life fucking me, I am fucking it. Get what I’m saying? Good… neither do I. Nowadays, I head on over to the gym and lift very heavy objects. When I say ‘very heavy objects’, I mean that in a comical way — because truth of the matter is I am at 50% strength now and am a laughing stock at the free weights gym yard. Another truth is that lifting very heavy weights is just about the dumbest thing a 40+ year old man can do. I don’t want a hernia, or dislocated vertebrae. I just want to shred down to 10% body fat, and be able to lift really heavy things and throw them really far.
What are you doing with your life?
The point I was going to make is this, very simply: going to the gym is good, but if you’re not tracking EVERY SINGLE fucking thing you eat and adhering to a strict diet, you’re a faggot. You come here for laughs and on occasion, when I’m not trading like an upright walking pig, investment ideas. But this is the best advice you’ll ever get from me.
Preventative healthcare is the the most affordable healthcare. Go join the best gym in your neighborhood and buy yourself some very good workout attire, in order to feel invested in the whole process. If you’re a fat fuck, hire a coach and don’t binge eat or drink canteens filled with beer. If you must be an alcoholic, drink vodka neat. If you do this, in 6 months from now — you’ll be thanking me and you might even feel good about yourself.
Futures are flat. Stocks can suck my dick. Off to watch some Cobra Kai — bootlegged edition.
NOTE: The benefit of getting old is knowing how to live and what to prioritize.
My discretionary account was about flat today, thanks to the action in DUST and TZOO. But my quant account, the account that has the majority of my money, was also flat. This is an especially unique disclosure, since the portfolio is geared to track alpha and outperform markets — but not like this. This is shitting on markets, making a fucking mockery of it — reducing you fucking manlets into hammed sandwiches to be noshed on during dinner.
This being the halfway mark of May, I thought I’d update you on its performance thus far.
Exodus Quant: +3.38% for the month.
SPY: +2.86%
Reminder: The Quant portfolio was structured on a weekly basis last year and won 75% of the time vs the SPY. This year it is a monthly rebalancing and it has beaten or matched the SPY every month of the year.
Off to the gym, fully loaded with g’s of creatine.
For those concerned, the wealth of iBC culture and history is being preserved here.
