Good News and Bad News

The good news is Obama doesn’t know what he’s doing. Therefore, war is not imminent. I believe he is trying to worm his way out of the whole mess, by blaming congress for being ‘cowards.’

The bad news is uncertainty will plague the markets for the next week, until congress votes down Obama’s war.

I expect a lift on Tuesday, only to be checked later by people who are afraid to hold through the congressional war vote.

In other words, these stupid bastards will hold the market hostage for the next two weeks.

The market is down just 15 points now, but a staggering 80% of stocks are lower today. That’s right, 80% of stocks are down. This is like a down 250 points day. Yet, here we are, cordially, down 15.

I am being lit up today, giving back most of yesterday’s gains. It’s days like this that remind you how tedious this business is. I am sure when you passed your series 7 exam, you figured you’d land Gordon Gekko as a client and you too would being living in a penthouse apartment on the upper west side. Instead, you’re just a jackass.

Ask me why IMMR and YELP are lower today, but ANGI and TRLA are up. Who knows!? The market moves in mysterious ways, under the black clouds of hurt.

I actually added to my leverage today, buying more GOGO. So, my exposure to the long side is nothing less than comical, considering the fact that our Warlord is teeing up Syria for a swing.

Maybe people embrace the machismo of The Obama, as he launches cruise missiles from a luxe golf course.

This market is, seemingly, going to hell in the hand basket and I am in the front seat, along for the ride.

NOTE: For those of you just tuning in now, After Hour’s with The Option Addict is now live. Webinar’s begin at 4:30.

http://www.youtube.com/watch?v=LGWmD7S6Ask

I added to my GOGO position.

I cannot believe what I just heard come out of the big mouth of John Kerry. In summary, Assad is evil and we have no choice but to attack him because Obama said he’d slap the shit out of him, if they happened to use chemical weapons.

So, let’s wrap this puppy up.

We are going to attack Syria, even though 9% of American’s agree with this course of action. More importantly, Congress has decided it doesn’t need to discuss this important matter, even though it might provoke Russia into a ‘fag-box‘ that it doesn’t want to be placed in, incidentally causing WW3.

Where are the pot smoking, patchouli wearing liberal anti-war protestors?

Does anyone else find it ironic that Obama and Kerry are presiding over a new war, due to WMDs, absent a threat to the American people, a la Bush?

THIS IS ABSURD, comedic and tragic.

We don’t have a say and our country has been hijacked by maniacs.

The markets have favored this course of action; because war is bullish for stocks.

We’re fucked.

I am giving back yesterday’s gains, slowly but surely, because of war.

War always gets in my way.

God can only help now, as the market are in sell mode (full zero hedge), ahead of the long, tedious, weekend. Who wants to go leveraged long ahead of WW3?

Answer: I do.

Let the sheeple “baaah”, while the wolves chow down on the fresh meat and blood.

Off to pray to the gods for a miracle.

We want to buy the dips, but make sure it isn’t a deep one. The hardest thing about this game is knowing when to double down and when to fold. Just know and remember that Rome, for lack of a better cliche, wasn’t built overnight.

Having said all of that, I want to raise a little cash, but have a hard time choosing the stock(s) to sell. I like them all and feel they’re all cheap. Some people position in and out, based upon a whim. I, on the other hand, base my decisions upon the opinion of my favorite urinal shadow. That is something you can’t ignore.

The weekend is practically here and I find little reason to make fast decisions, ahead of World War 3. Perhaps by the end of the day, I would’ve executed a sale, or not. One thing is for certain, FRO isn’t cool anymore. I do not like the direction of the company and would steer clear if I was you, which I am most certainly not.

The dastardly case of the financial website, Seeking Alpha, is a very curious one. They are the villains of public finance, the very bane of society, soiling all that is good with financial journalism. They pay huge sums of money to have their content displayed on Yahoo Finance, fueled by an engine of short selling stock manipulators. Frankly, how they’ve escaped the wrath of the SEC, being that their content is explicitly designed to send stocks lower, is a mystery to me. Their authors are betting against stocks before their articles are posted. Voila: instant profits! How easy!

I am sure a great many of them cover their shorts– immediately after their articles are published and the targeted stocks are punished, netting risk free gains.

Over the past two years, I’ve faded the sages who litter Seeking Alpha with amazing accuracy. They’ve issued reports on TEA, AFTER AN ALL CASH DEAL BY SBUX, based upon a ridiculous claim of ‘excessive’ pesticides in their products. I bought YELP in the teens, after an article was posted, exclaiming the stock was worth single digits, or worse. I bought DDD in the $20’s, after numerous hit pieces. And just the other day, they hit my AMBA for 10%, based on inaccurate reporting.

Let me touch on this point. The article stated that AMBA will miss earnings because ‘channel checks’ suggest a slow down at Chicony. What the author doesn’t realize is that production is being done at FOXCONN. We will find out who is right, soon enough.

Today, one of their bozos went after CVV.

Incidentally, I’ve been researching CVV, interested in taking a long position. I happen to be a believer in graphene and feel a small company like CVV might attract a fresh batch of speculators, providing they can execute. So the decline in the stock today is nothing less than a gift to me. Please note that I am giving this to you, the reader class, before I’ve taken down a position, something that a true gentleman, a man of my status, is expected to do.

It boils down to this. I am shorting Seeking Alpha until the lights shut off. I am going to bet against their authors often, and do so with vigor. I’ve witnessed, over and over again: they are wrong.

Feel free to drop a note in the comments section of other epic Seeking Alpha fails.

Good night and get ready for war.

I find myself, amusingly enough, 125% long into World War III, or as future generations will refer to it as ‘WW3’.

I find it rather apropos that the first US President to have ever received a Nobel Peace Prize, prior to doing anything in office, should preside over such a thing. But it was inevitable, after all, as all ‘good’ things come to an end.

I am sure if Russia decides to defend its only port in the Mediterranean, by rebuffing a US led assault on Syria, stocks will trade down 1-2,000 points. No one likes the onset of war. It scares people. But once the public gets accustomed to it, as was the case with all US wars, stocks will rise again.

The bigger the war, the bigger the rally: that’s what my grandfather used to say.

So you must be asking yourself: if war is really on the horizon, why is this maniac long by 125%?

Well, the answer is two fold.

I like to win, and do with style. In this sense, I am servant to fashion.

The second reason is a lot more primitive, almost carnal. I aim to seize upon any advantage that comes my way. In this case, The PPT gifted me with oversold signals that I haven’t seen in years. In this case, I am a slave to discipline.

Don’t fret, small plebs, I will liquidate into strength and reduce my exposure to a more pedestrian level soon enough. Until then, I remain, ostensibly, very, very long.

http://www.youtube.com/watch?v=PgibngxK5T8

With the successful launch of After Hour’s with The Option Addict, I am pleased to say that I am (finally) pleased with the iBC roster, suite of products and services to meet the demand of my dear, loving, readers.

We have the crew at 12631 providing up to the minute market analysis and research, providing members with picks. And now we have The Option Addict on staff teaching people how to find these breakouts, layered on top of often ignored option strategies–that is sure to put some hair on your chest (females too). And, of course, we have The PPT tools to help you find the ideas and share them with other responsible members of the most distinguished online investment club, in the history of the world.

With that in mind, I’d like to point you into the direction, yet again, of YELP.

As you know, I’ve been bullish on YELP since $15. I knew it was a winner, because I found the service to be invaluable in real life–just like GOOG, Z, ANGI, and TRIP. I bought the stock, for the 4th time, before earnings at around $41. The stock exploded, hitting a high of $60, only to come slinking back down to $47.

As you can see from the numbers above, YELP flagged OVERBOUGHT by The PPT algos on 8/2, at $57. I ignored them because I am emotional about the stock. On 8/13, it flagged OVERSOLD on our 3 month and 6 month algos, repeating these flags on 8/19 at $49. At that point, I made a decision to buy more, even though the stock was under assault, even though the market was weak.

Here are the 6 month OVERSOLD levels. In layman’s terms, based off 4 signals, had you bought YELP when PPT flagged it OVERSOLD, you would’ve made 16% over a 10 day holding period, 4 up, zero down.

When the market cratered the other day, YELP was up. It didn’t care that the market was down. It had other plans. This, to me, was a sure sign that the stock was healthy and ready to pop, whenever the market recovered. As you can see by today’s pin action, the shorts are being ramrodded into small boxes and kicked into the sea.

Let’s not alarm the women and children; but the market is going higher again and every stock that I own is ripping–cordially of course. Being fully invested, I find great pleasure to be up 2% this morning. As a matter of fact, I found it so pleasurable, I took the rest of my cash and bought more.

After I bought more, I bought again, finding myself in the wonderful position of being 125% long, exercising the rights of leverage.

Why do such a thing, at a time of grave uncertainty?

The answer to that question is the same its always been: because I can.

Stock prices are extremely oversold. I gave you The PPT signals. What else do you want, my liver and lungs?

There, there, don’t cry. Relax, it’s only money. You’re too stupid to run money, let alone for someone else. Learn from people who are greater than you, magnanimous men who will have statues built for them, placed at the city steps, when they’re gone.