BEARS GET THEIR FACES SLAPPED SILLY IN ANOTHER FRIDAY MELT UP

Put a pin in $175 QQQ. We are in the latter stages of the rally and that means you need to place your foot on the pedal and zoom fast. This is where you extend yourselves and truly act ridiculous — go outside naked and read the paper in your long ass driveway.

Small caps will lead the way — degenerate plays undeserving of your money.

Into the weekend, which will be graced with large quantities of bourbon, my favorite picks are OLED, QD, HYRE, BILI, NIO and NUGT.

I might make another purchase before the end of the day — dependent on the vibe into the bell.

UPDATE: I bought LX

HEAVILY SALTED UPDATE:

Reckless abandon edition. I don’t give a fuck.

The old FAGbox is now the new FAGbox. Same story, different direction.

Sure, today feels good, but we’re more or less doing nothing the past week, consolidating recent gains — menacing to break higher.

For one, I like this move in OLED, an old favorite of mine. They have an IP lock on the OLED market and the fact that they’re doing well means they’ve finally resolved the OLED shortage issue and now all of the smartphone makers can switch to OLED.

On the small cap side, I really like this HYRE and feel it can bust loose, maybe go parabolic.

My quant is up 100bps today, far outpacing the SPY and I have no complaints. I’ve traded flawlessly, with a few drawdowns — but nothing big. My call in gold was way ahead of the curve and I’m generally a really swell guy.

Off for some lunch.

I’ll try to keep this plain. There are three Chinese tech names, all new issues, that tend to run in tandem.

Here are two running now, IQ and HUYA.

AND HERE’S THE NEXT ONE TO GO, FUCKERS.

BILI rises above $20. It is a foregone conclusion.

Some serious coin is being made in Exodus the past month. And it’s not all me. There is some raw talent being displayed in the room, all the while the very evil Diddy aka Fryguy and his Dale of Norway sweaters sashay atop mountains at Whistler. Believe me, he’s missing out.

Yesterday’s purchases of HYRE and NIO are working out well, wouldn’t you agree? HYRE is +14% and NIO a genteel 3%. I’ll have you know, I bought three stocks this morning, all running higher, all will continue to run higher.

OLED, DATA, and BILI.

As you were.

Interesting drop in STMP this morning — off by 50% after reports of willingly ceasing their relationship with USPS. Sort of odd how stupid a company could be — almost as bad as KHC this morning — driving lower with a vengeance on news that no one likes or wants ketchup anymore.

We’re looking for $175 on the Qs short term and we will not sell until we get there.

I suppose we can begin thinking that Trump might ink a deal with China, but it’ll be meaningless. I don’t believe President Xi will provide much middle ground until the 2020 elections.

In the meantime, we’ll have to deal with the Fed being pussified by a market pull-back, both conciliatory and subservient to the market’s demands. By ceasing their tapering program, essentially, the Fed is implementing another round of QE.

At around $4 trillion, the Fed’s balance sheet is fat and greasy, but I suppose they see something around the bend and they want to get ahead of the curve.

Perhaps in another 10 years the Fed will get the balance sheet down to pre financial crisis levels. To think, the Fed did all of this — just so they could save a few banksters, yet none of said banksters evert served a day in prison.

Today’s action was milquetoast. I’m neither hot or cold on the action. But I am dead cold on this news.

Pinterest is a piece of shit female only social network. The fact they want to IPO now, after so many years, must mean VCs are on edge and want to liquidate to the fools. They’ll visit CNBC soon and tell you how wonderful Pinterest is and how they’re trying to get men to use it. But rest assured, no one gives a shit about it and you should not buy that damned stock.

Let me say this and with great alacrity:

The fact the Fed is going to stop unwinding their balance sheet means they foresee deterioration in the economy and are trying to jump ahead of the curve. This Pinterest move only lends to that narrative.

Technically, all is still good. Nothing wrong with crude, junk bonds, the dollar, or small caps yet. My hunch, gold bounces like a motherfucker tomorrow, with stocks, and we continue to barrel into micro caps with animalistic aggression and destroy our enemies.

Top picks: NUGT, HYRE, SAND, and GEVO.

I sold for a 10% win, slowly raising cash or at least trying to. Markets are getting shredded and gold is sharply lower — so I’m on pause now.

I bought HYRE right here — because I like money. With my discretionary account, I buy a lot of shit stocks — highly concentrated, woefully dangerous companies — because I can. See pal, that’s who I am and you’re nothing.

Afraid of risk…

…Fuck you go home and play with your kids.

I’m not insane you know. Seventy five percent of my money is invested quantitatively. Some of you FUCKERS already know this — but there are new readers every single day and so many of you are retarded. My risk account is deliberate and a blunt instrument of warfare, plus an avocation of mine. These small cappers I buy are maximum 5% weighted, sometimes 1% — and only increased above 5% when I’m really confident about the trade — as is the case with NUGT.

On this issue of gold…HAMMERED into the fucking ground. No worries. Those Big Ass Black Candles (BBC) have always led to higher prices in recent months. I suspect tomorrow will be another up day for gold, reducing gold bears to gum stuck on the side of a sidewalk next to a sewer cap.

What the fuck is this shit? Does he think it’s up to him or the providers who actually have to pay for this shit.

From the President.

I want 5G, and even 6G, technology in the United States as soon as possible. It is far more powerful, faster, and smarter than the current standard. American companies must step up their efforts, or get left behind. There is no reason that we should be lagging behind on………

— Donald J. Trump (@realDonaldTrump) February 21, 2019

….something that is so obviously the future. I want the United States to win through competition, not by blocking out currently more advanced technologies. We must always be the leader in everything we do, especially when it comes to the very exciting world of technology!

— Donald J. Trump (@realDonaldTrump) February 21, 2019

5G related plays:

Segments Providers- VZ, T, TMUS, S, KT, DTEGY, CMCSA, CHTR, DCM, Towers- AMT, CCI, SBA Chip Makers- INTC, QCOM, CIEN, ZAYO Equipment- ERIC, NOK, SSNLF, SWKS, GLW