Fly Buys: $SPLK, $BL

I bought two new SAAS stocks, BL and SPLK, both breakouts with little in the way of new highs.

Last week I got lit on a variety of oil stocks. I sold them out and licked my wounds, swore an oath that I’d exact revenge and made arrangements for such eventualities. As you sit there, star-struck reading this, I am happy to report to you 9 (count ’em NINE) winning trades in a row. Some of these trades were taken on Friday. I cannot be stopped. Failure to adhere to my warnings will lead to your ultimate demise.

JMIA +8.8%
PD +16.4%
HUBS +8.9%
GSKY +7.7%
PINS +8.6%
GDDY +3.5%
LASR +6.5%
DAVA +8.8%
TUFN +8.4%

From here on, I do not intend to ever lose money in a stock again. I’ve released all of the banned readers — did that last year because I wanted to be provoked. I beg of you — bet against me. You have client assets and “The Fly doesn’t know what the fuck he’s doing” — so go ahead. See where it gets you.

Good morning lads. I say lads because based on the demographic data provided to me, I have like 3 female readers — the rest of you are degenerate males aimlessly spiraling higher in an effort to re-instate the patriarchy. But it’s too late, fucked faces — Captain Marvel is here.

Funny thing about teevee these days, and please don’t take offense, but it’s normalizing attributes in women that actually do not exist. It’s not like most men can go out there and stab a bunch of zombies in the face either, or that zombies even exist — outside the occasional Miami varietal. One thing I know for certain — it there was a Miami zombie on the loose — it wouldn’t be women fighting it. I can just hear my wife getting angry at me now, but that’s because she too is programmed to believe the absolute shit being driveled on teevee and in movies.

Look at Captain Marvel. Ergo, women are powerful. Women are extraordinary and brave, and honestly the better of the two genders — but they’re not fighting Miami Zombies.

Got some news here early going.

JP Morgan increased their price target on DIS thanks to Avengers. Seriously, there is no upside to be had on DIS. The company is clicking on all cylinders, save ESPN.

J.P. Morgan increased its price target on Disney to $150 a share from $137.

“The underlying business continues to perform very well with several notable catalysts ahead that we believe may continue to drive outperformance,” J.P. Morgan analyst Alexia Quadrani said in a note to investors.

Quadrani said J.P. Morgan was also raising its estimates for Disney’s third quarter earnings to $1.80 a share from $1.73 a shares, specifically citing “Avengers: Endgame.”

Next up Trump’s trade war. Why hasn’t this trade war adversely affected China or the US? How is this possible? We were told doom would beckon quickly and that we wouldn’t be able tp escape the pangs — yet here we are at +3.2% GDP.

News coming soon, apparently.

“We’re getting into the final laps,” U.S. Treasury Secretary Steven Mnuchin was quoted by the New York Times as saying, during an interview at the Milken Institute Global Conference.

According to the report, Mnuchin said that while both countries are nearing a deal, negotiations are reaching a stage where either an agreement could happen — or it could end without a deal.

Both Mnuchin and U.S Trade Representative Robert Lighthizer will be in Beijing for talks that start on April 30.

Lastly, some morons at Barclay’s, who fashions himself “the biggest bear” on Target — is now upgrading shares and suggesting the stock could rise by 50%. How can someone be this wrong and now advertise it like it’s cool — because he was such a bear? Target is Target, bland, standard big box retailer — catering to the whims of locals with average goods for cheap prices. No one with money shops there, lest they need some detergent or bar soap — or cat litter.

Barclays’ Matthew McClintock upgraded Target to overweight from equal weight and raised his 12-month price projection to $115 a share from $85. The new target represents a 49% surge from Friday’s close of $77.12.

In a portion of the report entitled “Why the biggest bear on TGT finally upgraded the stock,” the analyst goes on to say that the recent decline in Target shares after Amazon’s said it was moving toward one-day shipping for Prime customers has gone too far. Target shares are down more than 5% in the last week.

“We have now decided with the pullback in the stock due to recent Amazon fears, our expected downside from this near-term view is meaningfully derisked,” he wrote. Target “is already ahead of AMZN in same day delivery … and has built a supply chain that fulfills e-commerce primarily from stores (where next-day delivery is much easier), which stands in contrast to most retailers.”

Futures are slightly lower.

Over the weekend I saw Avengers End Game and I went into it with low expectations, mainly due to the epic nature of Infinity War. Frankly, it’d be hard for any capeshit movie to beat Infinity war and it’s the same damned reason why Transformers the cartoon movie was so fucking good.

Everyone dies.

When a story is unshackled from corporate greed — it can truly be great. In the case of Transformers, they wanted to produce new plastic toys for retail — so they ended up killing most of the main characters. As a boy, this shocked me — but also made the story great. It was great, not just because Prime and Megatron died, but because it was least expected. The story tellers truly surprised me and I appreciated it. Same went for Infinity war. After that movie ended, the people in the theatre I was in was so shocked — they couldn’t leave their seats. End Game could never deliver that brand of shock value and it didn’t — instead opting for preservation of characters, story book endings, and corny and long drawn out memoriam for those killed. It was entertaining — yes, but not really a great film. It was okay and anyone saying it was great is full of shit.

Now the issue with Game of Thrones, episode 3, is an entirely different issue. The writers have nothing to lose, this being the final season and all, so the story is without boundaries. Anything could happen. The battle scene and the soundtrack was perfect and the story telling did not disappoint. Part of me wanted the Night King to win and to travel south to eat Cersei’s face — but this’ll do. I’m perfectly fine with this outcome. It should be noted, the dragons were entirely useless at night and Mother of Dragons was for nothing on the battle field. Her band of savages were dispatched in short order and were of course no match for the zombie hordes. Truthfully, seeing myself just write that just made me cringe, so I’ll end the blog here.

5 out of 10 for Avengers, 9 out of 10 for GOT episode 3.

Futures are slightly higher — which will most likely extend during the morning session.

I don’t know why I like these super hero capeshit movies. On paper, they’re a lot of juvenile horseshit and serious men doing serious things shouldn’t watch them. Some of my grittier friends refuse to ever watch such movies, declaring them to be “moronic displays of men with small dicks”. Granted, my friends didn’t say that — but it has a nice ring to it.

Our society is presently steered by the chiefs in Hollywood and the people who play the jingles on the radio — and all of the other social stuff online. Never has there been more imitators — people pretending to be things they’re not. The insatiable appetite for celebrity infects the minds of almost every single youth — snapping picks, snapping snaps — in a desperate attempt to garner enough attention to become relevant and talked about — and ultimately loved.

That’s the irony, inasmuch as I can see it. Young people are solely focused on attaining affection from total strangers — yet fail to materialize physical bonds with people — due largely to this pre-occupation. Families aren’t being created and young men are virgins well into their 20s — but they have 5,000 followers on Instagram and their YouTube channels are brimming with likes and Google Adsense is sending them $400 per mo for their troubles.

When I started this bullshit website back in 2007, I never wanted to be famous — per se. The actual motivation behind iBankCoin wasn’t to get rich-er or become famous — but to destroy TheStreet dot com and other financial websites. It seems, and this goes without saying, Le Fly is guided by a desire to exact revenge. Revenge against real enemies, pretend, and future. When Twitter came out — I didn’t want to open an account. I thought it was stupid and reluctantly opened one — but never tried to cultivate it until years later — after seeing how popular it become and how traffic could be driven through it.

I never attained algorithmic favoritism on Twitter, mostly because of my swearing, bouts of rage, and occasional opposition to Neo-liberal ideologies.

One thing is for certain, these social media outlets are causing a psychosis in the youth — depression, anxiety, and manic displays of insanity — as they try to stand out and peacock — doing things such as eating Tide Pods or splashing boiling water onto their bodies — all for the fame — all for the glory.

Pro-tip for my young male readers out there: your cravings for attention will dissipate down to zero after you find a nice girlfriend to spend time with.

As for the stock market: blah, blah, blah — buy PD, JMIA, and TUFN.

Happy Saturday.

No need to even look at a single report for this one — what they do, how they do it, and what not. They’re “The Amazon of Africa” — based in Germany. Okay. In my head — they’re offering same day delivery of spears via cheetah, 3 day prime delivery for items over 500lbs via Elephant. For tall buildings, a giraffe will extend his neck into your window and drop off your packages. One might misconstrue this as ridiculously racist — but it’s just me being ignorant to the world around me.

See, I’d been catacomb’d in the streets of Brooklyn since a small boy — running around wildly — throwing dirt into the faces of my friends — water and bleach onto the clothes of strangers — karate man dressed in all black, hockey stick, can in the spokes of my bicycle — vrrooom vrrrommmm — fast.

Since that time, I snaked my way out of the sewers and into Wall Street, enjoyed the cesspool for some time and even moved to a house in Staten Island, bore witness to bad behavior, but was accustomed to it. Left there and headed towards Princeton, NJ — where people acted distinguished — but off, something wrong with them. Whole neighborhood falls asleep at 8pm.

All of that experience, or lack thereof, has led me to African Jungle masks in my portfolio — Germans running Africans ragged for profit, a familiar sentiment, one that has proven to be successful and profitable for Germans. Ergo, I’m along for Le Ride — long JMIA — heading into the bright sun with a fist filled with rage, heart overflowing with empathy — for those less fortunate than me — bereft of Space Alien Magician (SAM) stock market skills and a gentleman like demeanor.

(Tips hat)

Look at this chart and tell me with a straight face it isn’t rigged to placate Trump’s id.

During Obama’s term, the GDP zig-zagged sloppily all over the place, mostly planting itself on its face under 2%. It was common parlance to accept the new reality that the economy had gotten mature to the point that 3%+ growth was a relic — something of the past that could not be replicated again. As traders, we dealt with the pangs of this miserly existence and often got caught by surprise with sharp downside surprises and rapes that cannot be explained by simply looking at a chart of the SPY.

Enter Trump and his id — fixated on stocks — always talking about the market and the GDP and how great big and beautiful America was, in comparison to the absolute shitholes of Asia, Canada, Mexico and all of Europe.  Africa isn’t a real continent, so for the purposes of this article, I pretend it does not exist.

Look at that GDP chart. LOOK AT IT.

This is the point in the narrative that bores me — slow grind, endless earnings reports that produce unpredictable outcomes, trend-less tape highlighted by indecorous people with low IQs and high opinions of themselves. It really, truly, makes me want to sleep in.

My Quant is +62bps and my trading account is off by 25bps. I have lots of cash and little interest in buying into a tape that has sharply lower oil, buy higher junk bonds, lower nasdaq, and breadth at 65%. Traditionally, this is what topping action looks like. Then again, markets rarely go down anymore, so I’d rather sit and wait for confirmation.

In the meantime, SAAS stocks look good and I’ll be fishing for more trading there — presently long ZEN, HUBS, DOCU — just to name a few.

Software stocks are, by far, better than the semis. However, these two sectors tend to measure dick sizes against one another all the time. Considering INTC and XLNX just played themselves and the semis might get lit up tomorrow, I thought now would be a good time to show you a chart of the Exodus oscillator for these two fucking sectors.

Two things to consider.

1. The semis are weak now, based upon all of the technical scores in memory — ranked by my computer genius brain. But it’s nowhere close to the OS levels of Oct-Dec.
2. Software technicals are elevated, more near overbought levels if anything else.

While it’s possible for semis to diverge from software for an extended period, it’s not likely. My gut, these two sectors will soon correlate tightly, with software dropping like a rock or semis recovering.

We shall see.

I spent a few hours today, incredulously, being entertained by retards on Youtube who think the earth is flat and nuclear bombs are fake and do not exist. The common denominator between the people who believe in such theories is they’re mostly disaffected fucking retards who’ve never attained higher levels of education. Bear in mind, getting a degree doesn’t make you smarter, per se, than someone with a degree — but it polishes you and provides you with the appropriate mode of thinking.

I think the whole FAKE NEWS era we live in has created a psychosis amongst so many to distrust almost everything coming out of the government. On Wall Street, we discredit and mistrust the Federal Reserve and banks — because we know for sure that they play fucking tricks with stocks and bonds and do not account for their heinous sins. For ordinary folk, they’re more fixated on shit that cannot be proven — wild theories such as “satellites don’t exist” or the planet is “flat and encased by a dome and ice”.

A more reasonable explanation, which could explain why Polaris can be seen in the Northern hemisphere and not the south — is that we’re on a fucking flat plane encased by ice on a GIGANTIC alien planet — because we’re one of their fucking science projects — like a diorama. After WW2, we started to use rockets and fly shit around — so they sent their little space men to visit us and tell us to fuck off. Since then, our alien overlords have presided over us — giving us great Presidents like Nixon and Trump. The real concern for global warming isn’t what you think. See, global warming is real and we’re melting the ice prison we’re encased in. This will lead to the end of mankind, but not in the way you think.

See, once we melt away the fucking ice caps, the giant alien planet will be exposed and then they’ll wreck us for good and erase their little science project. They probably have like 15 projects going at once — producing little tricks like moon landings and sending us their diplomats, like Bill Nye, to educate us about absolutely nothing at all.

My firm advice to you is to steer clean of hackneyed conspiracies on YouTube and greatly reduce your carbon footprint. The second that fucking ice cap cracks in half, exposing the mother planet in all of its grandeur, those fuckers are liable to send their giant spiders in here and eat all of us whole. You hear me you fucking faggots?