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Dr. Fly

18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.

***RARE FLAG*** Exodus Overall System Flagging Oversold — HIGH PROBABILITY WINSHIP ALERT

Lots of fucking bells and whistles rang out today. It was like a holiday inside Exodus — as we were entreated to a ***RARE FLAG*** event, as the whole system flagged oversold, an implication of grandiose importance.

Firstly, what does this even mean?

We measure stress points in the market and then analyze human behavior and how people respond to them. Simple. Using lots of data and AI, I am able to predict pivot points in the market with increasing degrees of alacrity.

Back in the olde days, we were entreated to 1-2 of these per month. Back in 2012, I got very rich off them, live blogging myself trading $100k into $1m. Nowadays, I sustain myself on highly concentrated cannabis portfolios. We all have our vices. Mines is risk acceptance.

Here we are OVERSOLD — fuckers. Enjoy the show.

And here was the last time this happened. Zoom in and see the immediate spike in SPY.

INDEUD.

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Forget the Sell Off — GET STONED AND DRUNK WITH $BREW

Rumors are swirling about BREW and a possible CBD beer. How about this for confidence?

Considering this company is based in the heatheness Oregon, I’d be willing to cut off my testicles if this company did not produce a CBD beer. As a matter of fact, go conduct a cursory google search and read some of the news. You can see for yourself the company has confirmed interest.

As for the general market, wait for a gush lower tomorrow and then BUY THE FUCKING DIPS.

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BIG ASS LOSSES (BALs) MOUNT — JP Morgan Downgrades China — Cites Full Blown Trade War

It’s over, fuckers. Apparently, Trump really did it this time. China got caught open handed by Bloomberg, spying on us via Amazon and Apple, so now everything is coming to a head.

Markets are in free fall mode and it doesn’t help that JP Morgan just downgraded the dog eating nation of China, citing a full blown trade war.

J.P. Morgan is getting less optimistic about the trade conflict between the U.S. and China.

The firm lowered its rating for Chinese equities to neutral from overweight, predicting the escalating trade war between the countries will affect China’s economy next year.

“A full-blown trade war becomes our new base case scenario for 2019,” emerging market strategist Pedro Martins Junior said in a note to clients Wednesday. “There is no clear sign of mitigating confrontation between China and the US in the near term.”

On Monday, White House economic advisor Larry Kudlow said discussions with China over trade aren’t progressing.

The White House’s latest tariffs of 10 percent on $200 billion of imports from China took effect last week. President Donald Trump, in a Sept. 17 statement, said the tariffs would rise to 25 percent on Jan. 1.

Junior said China’s GDP growth could be negatively impacted by 1 percentage point from the latest round of announced tariffs, assuming it “does not take countermeasures.”

“Higher tariffs are squeezing Chinese manufacturing’s profit margin, reducing the investment incentive and hiring, which would then drag on consumption via reduced income,” he said.

Analyzing risk, I can tell you that it’s a morbid tale today. My Bubble Basket of high multiple stocks are down more than 3.5%.

I took today’s sell off to raise cash by selling ROST, UBNT, and XON. I am holding the bulk of positions and only sold these in order to be able to play an Exodus oversold, should it materialize. I’ll likely buy SPY with 20% of my assets for a duration of 10 days.

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BIG ASS LOSSES (BALs) MOUNT — JP Morgan Downgrades China — Cites Full Blown Trade War

It’s over, fuckers. Apparently, Trump really did it this time. China got caught open handed by Bloomberg, spying on us via Amazon and Apple, so now everything is coming to a head.

Markets are in free fall mode and it doesn’t help that JP Morgan just downgraded the dog eating nation of China, citing a full blown trade war.

J.P. Morgan is getting less optimistic about the trade conflict between the U.S. and China.

The firm lowered its rating for Chinese equities to neutral from overweight, predicting the escalating trade war between the countries will affect China’s economy next year.

“A full-blown trade war becomes our new base case scenario for 2019,” emerging market strategist Pedro Martins Junior said in a note to clients Wednesday. “There is no clear sign of mitigating confrontation between China and the US in the near term.”

On Monday, White House economic advisor Larry Kudlow said discussions with China over trade aren’t progressing.

The White House’s latest tariffs of 10 percent on $200 billion of imports from China took effect last week. President Donald Trump, in a Sept. 17 statement, said the tariffs would rise to 25 percent on Jan. 1.

Junior said China’s GDP growth could be negatively impacted by 1 percentage point from the latest round of announced tariffs, assuming it “does not take countermeasures.”

“Higher tariffs are squeezing Chinese manufacturing’s profit margin, reducing the investment incentive and hiring, which would then drag on consumption via reduced income,” he said.

Analyzing risk, I can tell you that it’s a morbid tale today. My Bubble Basket of high multiple stocks are down more than 3.5%.

I took today’s sell off to raise cash by selling ROST, UBNT, and XON. I am holding the bulk of positions and only sold these in order to be able to play an Exodus oversold, should it materialize. I’ll likely buy SPY with 20% of my assets for a duration of 10 days.

Comments »

BIG ASS LOSSES (BALs) MOUNT — JP Morgan Downgrades China — Cites Full Blown Trade War

It’s over, fuckers. Apparently, Trump really did it this time. China got caught open handed by Bloomberg, spying on us via Amazon and Apple, so now everything is coming to a head.

Markets are in free fall mode and it doesn’t help that JP Morgan just downgraded the dog eating nation of China, citing a full blown trade war.

J.P. Morgan is getting less optimistic about the trade conflict between the U.S. and China.

The firm lowered its rating for Chinese equities to neutral from overweight, predicting the escalating trade war between the countries will affect China’s economy next year.

“A full-blown trade war becomes our new base case scenario for 2019,” emerging market strategist Pedro Martins Junior said in a note to clients Wednesday. “There is no clear sign of mitigating confrontation between China and the US in the near term.”

On Monday, White House economic advisor Larry Kudlow said discussions with China over trade aren’t progressing.

The White House’s latest tariffs of 10 percent on $200 billion of imports from China took effect last week. President Donald Trump, in a Sept. 17 statement, said the tariffs would rise to 25 percent on Jan. 1.

Junior said China’s GDP growth could be negatively impacted by 1 percentage point from the latest round of announced tariffs, assuming it “does not take countermeasures.”

“Higher tariffs are squeezing Chinese manufacturing’s profit margin, reducing the investment incentive and hiring, which would then drag on consumption via reduced income,” he said.

Analyzing risk, I can tell you that it’s a morbid tale today. My Bubble Basket of high multiple stocks are down more than 3.5%.

I took today’s sell off to raise cash by selling ROST, UBNT, and XON. I am holding the bulk of positions and only sold these in order to be able to play an Exodus oversold, should it materialize. I’ll likely buy SPY with 20% of my assets for a duration of 10 days.

Comments »

BIG ASS LOSSES (BALs) MOUNT — JP Morgan Downgrades China — Cites Full Blown Trade War

It’s over, fuckers. Apparently, Trump really did it this time. China got caught open handed by Bloomberg, spying on us via Amazon and Apple, so now everything is coming to a head.

Markets are in free fall mode and it doesn’t help that JP Morgan just downgraded the dog eating nation of China, citing a full blown trade war.

J.P. Morgan is getting less optimistic about the trade conflict between the U.S. and China.

The firm lowered its rating for Chinese equities to neutral from overweight, predicting the escalating trade war between the countries will affect China’s economy next year.

“A full-blown trade war becomes our new base case scenario for 2019,” emerging market strategist Pedro Martins Junior said in a note to clients Wednesday. “There is no clear sign of mitigating confrontation between China and the US in the near term.”

On Monday, White House economic advisor Larry Kudlow said discussions with China over trade aren’t progressing.

The White House’s latest tariffs of 10 percent on $200 billion of imports from China took effect last week. President Donald Trump, in a Sept. 17 statement, said the tariffs would rise to 25 percent on Jan. 1.

Junior said China’s GDP growth could be negatively impacted by 1 percentage point from the latest round of announced tariffs, assuming it “does not take countermeasures.”

“Higher tariffs are squeezing Chinese manufacturing’s profit margin, reducing the investment incentive and hiring, which would then drag on consumption via reduced income,” he said.

Analyzing risk, I can tell you that it’s a morbid tale today. My Bubble Basket of high multiple stocks are down more than 3.5%.

I took today’s sell off to raise cash by selling ROST, UBNT, and XON. I am holding the bulk of positions and only sold these in order to be able to play an Exodus oversold, should it materialize. I’ll likely buy SPY with 20% of my assets for a duration of 10 days.

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ONE HUNDRED NASDAQS STOLEN FROM THE NATIONAL TREASURY

I had a busy morning and was unable to view the market and to see BLRX above $1.80. I’ve done nothing, thus far, other than give back gains and lose money today. I suppose 10 yr rates at 3.2% is cause for concern; but it really isn’t.

We had a fairly docile September and it looks like markets are freaking out because it’s October and because stupid people are superstitious. Maybe if I threw salt over my back and skipped across some lines I could escape the wrath of October. Truth is, this shit can happen during any time of the year.

My game plan is simple: wait for an Exodus OS and then buy SPY or QQQ. Meanwhile, I’ll respect my 10% stop limits and enjoy sandwiches throughout the day. When I said 100 NASDAQS were stolen, I mean it. Whoever took it will have to return it. The NASDAQs aren’t rightfully theirs.

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Bloomberg Says China Inserted Spy Chips in Apple, Amazon Machines — Apple, Amazon Say WRONG, STFU

Who do you believe — the shills at Bloomberg trying to garner clicks or the techFAGS at Amazon and Apple who depend on China for their manufacturing?

If true, BIG.

Data center equipment run by Amazon Web Services and Apple may have been subject to surveillance from the Chinese government via a tiny microchip inserted during the equipment manufacturing process, according to a Bloomberg BusinessWeek report on Thursday. The claims in the report have been strongly disputed by the technology giants.

The chips, which Bloomberg said have been the subject of a top secret U.S. government investigation starting in 2015, were used for gathering intellectual property and trade secrets from American companies and may have been introduced by a Chinese server company called Super Micro that assembled machines used in the centers.

Apple, AWS and Super Micro dispute the report. Apple said it did not find the chips as asserted by BusinessWeek — which cited anonymous government and corporate sources. Super Micro reportedly denied that it introduced the chips during the manufacturing.

Asked by CNBC for comment, Apple pointed to denials already published by Bloomberg.

Apple has issued strong denials of the report, stating: “We are deeply disappointed that in their dealings with us, Bloomberg’s reporters have not been open to the possibility that they or their sources might be wrong or misinformed. Our best guess is that they are confusing their story with a previously reported 2016 incident in which we discovered an infected driver on a single Super Micro server in one of our labs. That one-time event was determined to be accidental and not a targeted attack against Apple.”

AWS has also denied the report, telling Bloomberg: “We’ve found no evidence to support claims of malicious chips or hardware modifications.”

Here’s the full report.

I hate trying to be cajoled into hating another country. It’s just above my tolerance threshold now. Whether China did this or not, I really don’t care. If Apple is stupid enough to simply give away their tech, well they deserve to be cannibalized by Chinese pirates.

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PREPARE FOR LARGE DICKED GAINS — DAMN IT

In a rush…too busy to discuss things with you. You can’t keep relying on me to fix your fucking issues. You have the mental capacity of a fish.

Watch this and see it run. You were warned, so no kicking yourselves in the nuts when it prints $2.

Geez, I sound like a pumping fool. Full disclosure, the company is likely worthless and also a piece of shit. I’m just reading the tea leaves for you. The majority of my portfolio is SAAS related, bogged down in HUBS, TEAM, ZEN and BL.

Looks like HDP bought out CLDR after hours.

It won’t stop running higher, so grab hold of the rocket and try not to get burned.

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This Time Isn’t Different — Bulk Up on SAAS

Listen to me. The character of this market hasn’t changed. There is nothing to fear, but trade wars, political instability, kinetic war, and fear itself. That being said, I stepped up and grabbed my nuts, bought some HUBS and TWLO.

The HUBS purchase is an increase, now a double sized position. Truth be told, I now have three double sized positions: HUBS, TEAM and BLRX.

During this recent ‘downdraft’ in tech, I’ve been incredibly predatorial, acquiring shares of the best companies on slight discounts. One shouldn’t expect large discounts in great companies, otherwise they wouldn’t be great. What I’m leveling for now is some epic sort of grandeur — a market loose and pinless, free to explore the outer boundaries of hedonism. There is nothing that will stop us, not even a young and drunken Brett Kavanaugh.

Here is the present oversold nature of the SAAS sector, courtesy of Exodus.

By the way, and let it be noted, if you’ve been freeloading off Commodore Fly for the past year, enjoying his picks and living fat off the land and not joining Exodus, I would like to express my severe dismay. This is not the behavior of a gentleman, certainly not of a lady of good quality that still has a honorable reputation to uphold. You should be ashamed of yourselves, feeding off the giant shark that is Le Fly, whilst summering in exotic locales and eating white fish at $30lb — and not demonstrating a minimum appreciation by way of tipping your hats inside The Pelican Room.

Top picks: BLRX, TEAM, HUBS, and EB

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