SHORTS CRUCIFIED IN MEME FILLED SESSION OF VENGEANCE

Just when I thought I’ve seen it all — BBBY out from the sewers rose 50% and AMC is en route to $100 — because why the fuck not? Short squeezes happened all over the fucking place. I played many and came out of the market around noon due to prior engagements +215bps. But many inside Stocklabs made 10%+ — thanks to stocks like CLOV, KOSS and various other stocks of low quality crucifying shorts upon the altar of stupidity. The dumber the stock — the higher it went.

This bodes ruinous for hedge fund managers who still like to hedge. Those hedges are now BLOWN THE FUCK OUT and their alpha thru the roof. During the first spate of GME gunning to $400 — there were deleterious effects upon the market. There will blood and the ramifications SEVERE for portfolio managers readying their cocaine supplies of summering at the Hamptons.

I closed out 60% cash, doing well and feeling fine. If the volatility continues, the tools I created in Stocklabs will cause me to make a great deal of money. I hope for more squeezes and nothing but pain and agony for billionaire hedge fund managers. However, I am not naive and understand this is window dressing for the truest move yet to come and when it comes — plebs will be racked with losses.

I often look at GME and ponder how the fuck the stock is still up here, now trading at $245 like that shit was normal. Now we have another breakout from the lunatic asylum, thanks to decades of drug use and perversion — AMC, more or less bankrupt but not of course. Trading to record highs — because nothing says fuck you like making worthless stocks jimmy higher.

On top of that, worthless and useless K cup re-saler BBBY is ripping and let’s not forget BB — because everyone loves their crackberry devices. I feel as if the world I live in ended some time ago and this is a version of hell that I am stuck in. The odd part, I like it. Admittedly, I enjoy seeing GME and AMC trade up. I have a good friend of mine who is long AMC for the squeeze. Previously he’s had zero investment experience. He asked me where AMC will go and so I told him what he wanted to hear: $100. He was quite pleased by that answer, as I dumbed myself down to basically a zero IQ and offered him analysis forged in the sewers of Wall Street.

That’s what we have now, a bunch of Ed Norton’s running around here turning this business into a zoo.

T each his own. Mankind goes thru periods of collapse and buffoonery. This is no different, so enjoy the clown show while it lasts.

I am 60% cash, -1% for the session, trying to clown my way into gains.

Over in Stocklabs today, we cavorted amongst the stock Gods and prevailed wonderfully. My +200bps gains were at the low end of what the trading room achieved today, aside from Greg — but that’s because he sucks. It has been agreed upon to bless BORR with gratuitous buy orders because we like the stock and have begun a program to see the stock walk merrily higher.

My best guess is for the market to jog higher again, led by piece of shit stocks and oils. We all like oils, especially BORR — since it is on the floor. I recall the stock being much higher and also recall playing the oil patch during previous melt ups.

And do you know which stocks do best?

The one’s most levered with debt, garbage oils that no one wants. As WTI ticks higher, so do the prospects of these little piece of shit names bartering their way out from insolvency.

I closed the session fully invested and very bullish on squeezing higher.

Dow has barely moved and the NASDAQ is slightly lower. All the while oil is up and the VIX is also up and nothing makes sense. Cryptos are selling off, but crypto related stocks are up. Short squeezes are abound and there is strong momentum in numerous areas of the market. To find them, you need to be skilled. This is not a market for old men. Well, actually, old men stocks are doing well in 2021. My point remains constant, however, you cannot simply go out there and expect to win like you did in early 2021.

I was flat at the open — but now higher by 110bps. I initiated new Quant position, which is +24% YTD. The Quant is rebalanced the 1st of every month and it absolutely crushes the market, now heavily leaning towards financials.

We are in the process of concluding Stocklabs beta trials and will be launching it to the public this week.

We are in an inexorably stupid tape, whereby all morning rips are to be faded and perhaps sold short. It’s simply a byproduct of a broken tape. In case you’re not exclusively invested in the S&P500, this market has been broken since Feb 2021, mostly due to froth. We are in the process, as the market always does, of getting thru it — washing out the plebs and sending them back to MacDonald’s.

I sold my YOLO and Quant in the morning, locking in 40bps gains and have closed out all trading positions and have begun adding back in. I am more or less flat there, giving back more than 50bps from the open.

If you’re trying to figure out the tape and find yourselves confused, do not fear — for you are about to fail miserably and get washed out and sent back to Macdonald’s. This is an EXPERT level market and only the best traders will thrive. There are innumerable murder holes and only the best will be able to avoid them.

Meanwhile, oil is the standout and of course inflation themed trades. I have a bias towards China now, but to be honest nothing is sanctimonious, as this market isn’t one to fall in love with let alone even like.

The carnage endured by momentum oriented investors and now crypto is enough to cast a gloom over the market for the foreseeable future. We’re getting a bounce now and people seem somewhat anticipatory in regards to a leg higher. Alas the problem with that, naturally, is we are on the verge of barreling lower.

I’m not prepared to short yet, but soon.

Over the course of the next 6 months expect the inflation narrative to crumble bringing forth a new round of deflationary scares, followed by more accommodative Fed jargon. We will repeat this cycle for the rest of our lives.

As for me, I’m cooking some Sunday gravy, two pork loins stuffed, and drinking a Bordeaux. Not too much, however, as I’m not a degenerate nor a barrel’d ass.

Be mature. Measure your expectations. Do things that are productive. Improve your lives and the people around you.

I decided to not play anymore after this morning’s fuckery of a reversal. Any purchases at 9:30am were immediately faded and entreated to 5% losses. I have come to terms with this tape, more of an overnight flavor than intra-day. Jim Biden’s stock market is more or less dead. Nevertheless, there is always a way and I will find it.

For May, I closed up 1%, my weakest month for 2021. The Quant did better, up 3%. YTD, my trading is +184% and Quant is +24%, both poleaxing any index you put in my face. The quant is designed for longer term holds, re-balanced once per month. You’ll learn all about it once we can get SL fucking launched.

We are attempting to hire another programmer to help us deal better with the workload, but it’s very hard to find good talent, especially where our tech is — localed in Germany.

This is your last call to check your emails and spam folders for Stocklabs beta trial invites. We are going to revoke beta trials soon, so get in now while you can.

I’m pissed off and not at all pleased with my trading this week. Off to the gym.

The fuck is going on in here? Shares of AMC are spiraling higher again, alongside all of the early stage GME short squeeze plays like BB, BBBY, PLTR, even NOK for fucks sake. Anything with a large short position, bid higher.

Some ideas

FIZZ, MVIS, TLRY, DDD, SPCE, ROOT, FTCH, SDC, BYND, ACB etc

Ordinary stocks, not too hot. Middling action all around, with exception to the very worst stocks on the planet — like NAKD and SNDL. Perhaps others will follow suit. Certainly a good day for trading, it seems, however I have managed little gains so far so fuck off and let me get back to work.

For all of the tumult and emotion spilled into today’s session, it appears the Gods wanted to end it with a silent fart, down just 28bps, heavily levered into tomorrow mornings blades.

Ciao.

When I was walking my dog earlier I thought about a great thing.

“Why don’t I just buy 20 stocks and lever up in an effort to book micro gains and go green for the session?”

After picking up shit for two moronic life forms, I went to work at my “turret.” I had a grande time, shifting from one stock to the next. About an hour or two in and my plan was working. I had reduced my 1.75% loss to just 20bps and it stood there staring at me for an hour. Meanwhile, I was trading really fast, in and out — micro gains. I took 0.3% here and 0.9% there. On occasion I booked a monster winner for 3%. And then it happened. I went green. I stared at it like a proud father presiding over his son’s college graduation, a little teary eyed.

Did I in fact crack some sort of autistic code to assured gains?

Answer: no

It took all but one minute for me to stumble into catastrophe, bogged down in KOSS for 8%, as the short squeeze meme stocks laddered lower. I then decided to remove my margin and raise cash to 22% and call it quits.

In total, I booked about 150 trades and am exactly where I started the day, -100bps.

At the same time, my YOLO account, which takes 1 trade per day, is up 145bps.