TALK ME OUT OF BUYING $PCG

The stock looks so fucking good, I can see it running straight to $10, chopping off the cocks of all the Johnny Come Lately short sellers who got in for the move to $00.00. My only apprehension, of course, is the actual specter of an intraday bankruptcy note or perhaps some upstart FUCK FOR BRAINS like Citron issuing a tweet with a price target of negative $50 per share.

Clearly the stock wants higher and I have big balls. I mean, I buy anything and have no qualms about playing this game. But the stock is already up sharply and the entire state of California is under God’s wrath, presently burning down with great alacrity. It’s hard, Ringo, real fucking hard justifying buying this stock up here.

But the stock is down from $70 and what if they make it?

WHAT IF THEY MAKE IT?!

This is the stuff pipe dreams are made from, ordinary guy, blogger, looking at the big stock and thinking about the things he can do with the profits from the big stock. Oh, the dreams of grandeur. I could perhaps buy myself a NEW LAWNMOWER, or even better, A NEW FUCKING BENZ that can break down on me costing my inordinate sums of dollars and incalculable stress, thereby shortening my lifespan to such a degree that buying PCG would be a moot event, a cancellation of sorts as all parties lose under such a scenario.

For the day, I sold ZEN +6.1% and bought two other fishing poles in the hopes of capturing some more fish. I have an eye on markets here for a large move downward and will trade the volatility, as prescribed.

I donated my dining room table and chairs to charity over a week ago, because I bought a new table and chairs. But that fucker has been delayed and now I’m living without a table, forced to eat at or around counters, dropping crumbs all over the place. Between this and the fact the kids eat like birds, I’m thinking about taking a break on my Chef-hood. As you know, Dr. Fly has been a master chef in the kitchen for the better part of the last year, whipping up all sort of grandiose dishes, all learned in the traditional French technique for the benefit of those around me.

Are they grateful?

Of course not. But I do it for me, because it’s therapeutic.

Today is Fed day and we’re looking at another absurd interest rate cut. However, should they release a greasy statement, indicating no more cuts for 2019, you should expect stocks to decapitate themselves.

The Fed is widely expected to cut interest rates by a quarter point on Wednesday, its third rate cut since July.

The consensus view is that Fed Chairman Jerome Powell will indicate that the Fed is pausing in its rate cutting, and that the central bank will watch the economy to decide future moves.

On the matter of gold, you cannot touch it whilst rates are edging higher. Right now we’re in an odd spot and I prefer cash over uncertainty.

Easily my favorite holiday of the year, Halloween is a time for one to prep for the colder climes ahead and relish the fading days of good weather. This of course most aptly applies to northern cities or denizens of repute where the seasons change. In totally degenerate locales in the US, the Deep South, Florida, and California — people there do not see seasons other than hot and hotter. This resolute constant in temperature makes people slothful and filled with boredom, leading to wanton vagrancy, which is why those states are leading us towards end of days.

I could not find anything worth buying today, so I didn’t. I took out a hedge, raised cash to 30%, and decided to take it easy. The most difficult part of my life now is dealing with the fucking dogs, barking all day and night, acting like insane idiots outside. Hungry and angry — they are incorrigible forms of life. My wife loves dogs and would probably have more, if not for me. I don’t see the upside to owning a dog, after raising humans for over two decades. Now I can’t even leave the house for more than a day, without finding responsible lodging for them and/or sleeping at a fucking dog hotel. If forced to choose a side, dogs rock vs dogs suck, I’d have to choose suck. But they only suck because they’re in my house, pissing and shitting on things, which makes me a bad owner. My life is crazy enough, being a professional blogger of stocks, than having to sit down with the dogs and teach them how to roll over by way of weaponized bacon.

More or less, owning a dog is a 10-15 year sentence of toil. In my opinion NOT WORTH IT.

That should piss off about 75% of you fuckers.

There’s not a whole lot going on today. Markets are more or less unch and fuckers are steadying themselves for Trick or Treating this Thursday. I don’t feel like buying anything. Nothing looks interesting. Plus, and it should be noted, leadership stocks have been getting wrung out for the past two months. High sharpes have been splayed across the ground, stomped into mush.

An interesting man would be selling short here — for a trade of course, nothing too serious.

Perhaps my demeanor will change later on today — but these sort of headlines piss me off.

What’s new in my life?

Working out every morning, taking it easy. I was on the verge of nervous collapse in NJ, in spite of having nerves of fucking steel. I’m reading Jurgen, a 1920s comedic smash hit. I’m growing a beard, and pleased with my new confines.

Being mentally strong is just as important as physical, if not more. For years I worn myself out and thin. I thought it would be easier after I quit money management — but that wasn’t true.

I’m also re-starting my 2008 book on the collapse, showcasing my blogs. I have a totally new spin on it and might start writing fast and creatively soon.

I got my balls baked for me long some stocks today, so I sold them. It wasn’t a tough decision and I didn’t let it hurt my ego, even after bragging to the world of my 19 for last 23 successful trade winning streak, aka The World’s Best Trader. Sure it opens me up to ridicule and lots of people think my method of chasing stocks is “retarded”, but I don’t care.

See pal, my track record isn’t as important as my actual record here. If I was doing poorly, I’d switch things up. But I’m doing fine. As a matter of fact, better than fine. So I will continue doing what I do, permitted garrulous trolls and shopkeepers, sandwich store vendors, and mid-tier investment bankers have their say.

Here were my losses today, worn proudly on my sleeve.

(FIZZ -6%)
(TREX -7.5%)
(ASMB -8.5%)
(BLDP -2.65%)

And my one gain.

SPNS +4.4%

Se how easy that was, mate? The stocks bought weren’t the stocks worth keeping, so they’re gone. POOF! Now I can start anew and repeat my mistakes at the same rate of change and end up quickly ahead.

Normally when a stock is down 50% from its highs and they SMASH earnings and guides up, while profitable, the stock would rally. Not today, not BYND.

Beyond Meat beats by $0.02, beats on revs; guides FY19 revs above consensus; as expected, reports a quarterly profit for first time ever

At around 30x sales, no one gives a shit about BYND until the stock is $50. At $50, investors will get long and wait for growth to kick in, just like what happened with SHAK years ago.

In summary, Le Fly sold his BYND position before the bell not because he was smart or knew anything, but because it made no sense for the stock to be down 50% in a segment of the market that is growing fast. Investor appetite is nil because the hands are weak. The hands are weak because the people who own the stock are poorly educated morons. The smart money is sidelined because they hate the product and the valuation.

I am the most humble person you’ll ever meet. At the same time, I am the best trader in all of America. Do you see how this is a very difficult position to be in — humble yet really great at something? I try to help by feeding people fish, opting to not waste their time with “stock market lessons” that only serve to aggrandize myself. If you cannot hit the 100mph fastball, why bother training for it? You cannot do it.

I just closed out another trade, making my winning streak 19 out of my last 23, 9 for my last 10.

TJX +2.4%
SGEN +17%
(PIR -15%)
NAV +8.9%
(NET -13.5%)
STMP +19%
ARWR +6.4%
GME +5.1%
TROV +9.9%
TROV +9.9%
MNK +7.8%
BBBY +9.3%
(MLNT -10%)
CARB +2.7%
PDD +12.46%
LULU +1.5
(NVCR -10.3%)
LPG +3.6%
EW +2.6%
ANTM +3.1%
SPOT +16.8%
OKTA +4.6%
BYND +2.96%

That’s what winning looks like. Do I feel bad that you cannot do the same? Absolutely not. I offer you access to my computer mind for a fraction of what it costs you to keep up your alcohol, drugs, and consumerism addictions. If you want to continue to delude yourselves and think that you can in fact match what I am doing — be my guest. However, a smart man always delegates to others who are better, thinner, greater. This is the purpose of Exodus — the great delegator to a Master Ace Trader, who is both kind and magnanimous with his picks. I keep a steady flow of winning ideas going each and every day. Hell, even when I am losing, I win.

I took on 4 more fresh fish today.

This is who I am pal, and you are most certainly nothing.

EW +2.6% ANTM +3.1% SPOT +16.8% OKTA +4.6%

I do not intend to poke fun at you, only my enemies. You know who you are. I went out, ventured into the cold blackness of the ocean, and brought back 4 fish to fillet and to shove inside the faces of people and here they are.

Were they the best fish?

Yes, absolutely. These are the best fish. Who else was fucking long SPOT into today’s meltup? Exactly, so fuck off.

What does this chart mean to you?

Think about the year you were born and where the S&P was back then compared to now. Had your parents invested smartly and kept with it, think about the wealth that could’ve been created. Now extricate yourself from your end of days forecast. How will this chart looking 50 years from now when you’re just about dead?

Some think the market will be 650,000, others believe zero. I suppose we cannot compare the 70s to today, since we have already levered up the sovereign balance sheet to $23 trillion in debt, thanks to two wonderful decades of war and tumult. But we are the best gain in town. Population is still increasing in America and we have a strong racket going.

Think about how stupid most people were 50 years ago, opting to keep their money in the bank instead of stocks. Those fucking bozo clown morons died broke because they never had the balls to step in and to be a man. Don’t follow in the footsteps of your loser family members from yesterday. Invest in stocks for the long term too, not just trading in and out like a foolish accordion playing monkey.

Markets are at record highs. The expectation is an earnings trough now and acceleration into 2020. Don’t kill the messenger.

Happy Monday.

Gents (this is a men’s blog only),

I am delighted to give you news of a great tragedy. The austere scholar and founder of the group formerly know as ISIL, al-Baghdadi, was killed last night in an American raid. While the loss of this avid soccer fan and religious icon will be missed, markets seem to like it, as Nasdaq futures are +28. Because of this, and I speak only for myself here on iBankCoin, I am celebrating the death of this man tonight, over some gimlets.

WaPo’s actual obit for a terrorist monster:

“austere religious scholar w/ wire-frame glasses”

“Mr. Baghdadi maintained a canny pragmatism”

“Acquaintances would remember him as a shy, nearsighted youth who liked soccer but preferred to spend his free time at the local mosque” pic.twitter.com/XFFBnUsHEO

— Elizabeth Harrington (@LizRNC) October 27, 2019

Holy shit this is real

Washington Post Obituary for Baghdadi

“Abu Bakr al-Baghdadi, austere religious scholar at helm of Islamic State, dies at 48”https://t.co/rF8B3ZCbCa pic.twitter.com/VNbAMvvWbZ

— Comfortably Smug (@ComfortablySmug) October 27, 2019

Islamic State leader Abu Bakr al-Baghdadi transformed himself from a little-known teacher of Koranic recitation into the self-proclaimed ruler of an entity that covered swaths of Syria and Iraq https://t.co/CNI5XBsoai

— Bloomberg Politics (@bpolitics) October 27, 2019

While other nations are disgusted by our American brand of media, I am incredibly grateful for all of their efforts, as I do admit finding joy and laughter in the psychosis of others. “The Fly” is a gregarious chap and sees the bright side in all things, which is why I am so amiable. In the olden days here on iBC, I was a cantankerous meddlesome force, dark and evil, always banning persons from commenting on the site. Not today. iBC is a beacon for freedom and expression. If you wanted to praise the evil man Trump whilst declaring al-Baghdadi to be an awful individual, you can do so here without reprisal.

Good evening.