THE TURKEY GOBBLE RALLY SHALL COMMENCE ON MONDAY

Do not fret the market — embrace its depravity and lean into it as we embark on the magical week of Thanksgiving. I am, in fact, thankful to Christopher Columbus for subjugating the peoples of the Western Hemisphere, paving the way for Anglo-Saxon hegemony and safe passage of my people to this land. Without the wholesale acquisition of this great land, we would not’ve saved Europe from the Nazi scourge and the natives would’ve been slaughtered entirely by Hitler, leaving zero Indian casino owners in his wake.

I am also thankful for the stock market, which keeps life interesting and me brimming with new ideas and schemes to increase my fortune. I realize some people are not able to invest in the market, for various concerns, but I do not idle myself alongside those people and cannot relate. Ergo, I do not care.

It’s not callous to be indifferent about others — but it’s wrong to be hateful and vindictive. On Jupiter’s Stone, “The Fly” doesn’t mean any of you ill and truly wishes blessed tidings for you and yours — but you cannot beat me and you can never out-trade me.

While there are periods of slowness in my progress and there are times some of you might think “is it finally over for Fly — has he peaked?” and then I come back with bowling balls made from dynamite and blow your legs off.

Do not forget — I started an account inside Stocklabs last year, almost to the day, at $100k and now it’s at $500k — utilizing only common stock and 5% positions. While gains of this sordid type are atypical, I fully intend to outperform every single one of you in 2022.

Cheers and many well wishes and warm regards.

Markets are safe. You have nothing to fear. The Turkey Gods are coming and they’re bringing gravy.

Be careful and buy stocks with gigantic fucking market caps and by Blackened Friday you’ll be thanking me and placing Le Fly into your nightly prayers.

Up a modest 150bps, 35% cash, zero fears.

I had to make a decision — play it safe or go all in. I went all in, based upon the moderation in recent days on the IWM. We have not gone down more than 2 days on the IWM since late September. Do I think we are about to head into a tough tape ahead of Turkey and Gravy day?

Fuck off.

Earnings pops and drops can greatly affect day to day results, so my positions are small, no more than 5% weighting and I have about 20 of them. After the close I see two of my positions, WSM and ROST, reported wit mixed results.

I made just 10bps today, mostly set back due to my BITO calls — thanks to the fucking collapse of SHITCOIN.

Although tempting to really get aggressive and place larger more pointed bets, today is a good example, with more than 150 stocks down 5% or more, that the market sucks. It really does. If you haven’t been fox-holed in mega and tera caps — you have been fighting for your life. Even some of the mega caps have been a minefield, named PYPL and V.

Nevertheless, we hope and pray to the Gods and curse and punch and kick at the walls inside our offices — crying and laughing all at once in a never-ending struggle to finally, once and for all, defeat Mother Market.

Listen to me.

Biden oriented stock, denizens of depravity, are down 5.2% today — much of it based upon the news Apple will make an E-car and deploy its 200b in cash to turn all of the others into Blackberries. The losses are immense and concentrated in the smalled caps, which are in the portfolios of the canaille — the great internet investor who circumvents discord chats for ideas based upon whims. What we do here is nothing less than a science, which is why The Fly is +35bps in his trading, +120bps in his Quant, on a day when the blood is flowing heavily throughout wall.

It’s important for you to know — the markets will not crash during November. There will be corrections and rumors of crashes, but no crashes. The indelible fact that the European cocksuckers are segmenting its populace by vaccine status raises an eyebrow here and I could only guess this public policy will spread globally, as COVID 19 resurges during the winter months.

Alas, as everything falls into hell, the oligarchs thrive — extended and indecorous gains can be found in AMZN, NVDA, M and several other mega-tera cap names, in addition to retail names. I cannot, for the life of me, chase EXPR here into a stunted holiday season with heart attacks on the rise and people angry everything but the clouds.

Presently, I am 10% weighted TZA — because fuck the Russell. I have designed to allocated funds by this afternoon — but do not feeeel like doing it now, especially with BTC-ETH and the entire risk on segment of the market in BBQ mode.

Over in Stocklabs, the last OS signal was 9/30 when the SPY was $429. We aren’t oversold yet, but we are fast approaching. If there was ever a time to give SL a chance you obstinate son of a bitches, it is now.

The retail trade is super strong today led by a double digit jump in M. Also, NVDA, QCOM and other mega caps are strong. However nice it is to see, everything else is collapsing.

Any questions?

I had strong trades overnight in NEGG, SNII, and others that propelled me to +1%; but I squandered it after chasing some bad stocks this morning and now I’m flat. I just sopped up a foray of stocks, mostly large capped, and expect to drawdown there too. The crypto trade has gone terribly wrong and pardon me for even suggesting this —- but is the run to Thanksgiving canceled?

Nevertheless, I’ll try my best. Wish me luck.

I booked a solid day in spite of not much happening in the market, +1.55%, due to wins in QUANTUM COMPUTING plays. I was alerted to this whilst listening to the fucks on CNBC shill for it yesterday and compiled a list of stocks and bought them today.

I traded in and out of IONQ twice and now hold a 2x sized position in SNII and also a 5% position in QUBT. This theme is young and could continue, or perhaps not. We are not promised tomorrow.

I got bogged on CSCO after the close and booked a 6.5% loss, selling it in the AHs. I am only down 15bps in the AHs — but suspect that will change dramatically in one way or another based on $NVDA earnings.

With 34% cash, no hedges, and two positions at 10% a piece weight, I enter tomorrow with moderate risk — which is acceptable providing I cut losses quickly should be dive lower.

Thus far, I am +5.5% for the month, +222% YTD.

I do not like to play the intra-day machinations during a sell-off — because there’s no way to accurately predict when the selling will stop. Today after the close is earnings from NVDA.You should not expect the stock to rise after earnings, since it’s already +100 the past month. There is a good chance today’s weakness permeates into the opening tick tomorrow, at which point you’ll want cash to buy the blood.

This is a shake-out — predicated upon an overbought nature. I am 90% cash, with two positions, one in BITO calls and another in NEGG — which I view as a Blackened Friday play and intend to double down on it if down 10%.

I have a list of stocks performing well today and might allocated 40% of my cash into them. But I will not do so without hedging it. It is tempting to short the IWM, since weakness is more prevalent there. However, if NVDA tanks tomorrow — you will see more weakness in the larger caps — mostly semis. The trends have been chaotic, almost unpredictable — with strong technicals persisting in mega caps for weeks at a time, accentuated by spurts of wild upside movements in the smaller ones seemingly out of the blue.

How to contend?

Avoid the urge to market time with perfection.

I am +65bps with 1 hr to go.

I quickly changed my mind about “betting the ranch” after some quiet thinking last night. I sold all but one position, increasing cash to 95%, made several trades and am up 0.85% for the session.

Every single thing I say is fully disclosed in real time inside Stocklabs.

Bottom line: this isn’t the beginning of an onerous decline. It’s just a weak patch after healthy gains. I’ll buy back, maybe even by the close.

I am 113% leveraged, no hedges, portfolio filled with shit-stocks. I like this set up and feel short squeezes are imminent in names like IRNT (IRON NUTS), BBBY, NEGG and others.

If wrong, I’ll lose money.

If right, glory.

I like my chances.

I haven’t traded all day, other than pairing down stocks doing poorly. Everything I sold was a mistake, as we melt the fuck higher into National Feast. This is the very worst time of year to sell short. This time will not be different. At times, trades might look sketch and we all have PTSD from the crash and pull of the market, yoyo effect, we’ve been entreated to since 1997. Nonetheless, giant turkeys loom, festooned with cranned fucking berries and bags of stuffing — all splayed out across well adorned tables to be consumed by inebriated, although well bathed and dressed, patrons.

I’ve traded like a pussy for months now — always diving in small, little splashes, afraid to drawdown. I have a thesis surrounded by retail oriented names, which is obvious. I also have a penchant for certain sectors, like SAAS. With gains still hovering at +215% YTD, I think it’s time to bust loose again.