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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.

ROLLED OUT OF $DRIP, SPLASHED INTO A BURRITO AND A ZOO

Fuck this oil shit. I sold DRIP for the quickest 12% drop in my life and rolled the proceeds into a burrito named BZUN. Nothing can stop the great dogged nation of China from achieving supremacy. Ergo, I am very bullish on China, long BZUN, ZX,  and YINN to counteract my position in SOXS.

My OSTK is sprinting higher after reporting miserable earnings. That’s a key tell right there that the stock wants higher.

All in all, I hope the market crashes thru the floor boards and zeroes out the retirement funds of a certain Michael Cohen. But in the event that doesn’t happen, I’m prepared.

Oil is squeezing higher and it might stop and reverse from here — but I needed to draw a line in the sand in order to permit degeneracy to continue in my underwater SOXS position.

Lastly, I bought into TZOO, in spite of recent gains.

Here are the top rated stocks in Exodus right now.

ARWR, SKY, ENVA, TNDM, HEAR, GTHX, NIHD, TZOO.

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Morning Poppers (Drip Gets Dropped Edition)

My dog attempted to savagely attack another fellow house pet this morning. It’s awfully embarrassing, especially at 8am. The woman walking the fluffy little thing looked absolutely mortified, gazing into the teeth of my wild coyote. I’ll have you know, my new gym routine is going swimmingly, as I am partaking in all sorts of exercises and tracking each and every thing I eat via an app. My goal is for a 600 cal deficit per day, shred body fat down to ~12%, then bulk up to ~17%, then cut again down to 12%. This might sound retarded to some of you fat fucks, but it is the only way to build mass without having a fuckload of fat underneath it.

Futures are +100 and oil is screaming higher. I am prepared to have my balls boxed off in my DRIP today. I wanted to short oil because it just seemed too fucking obvious that it’d go higher. Normally the right thing to do is fade the herd, make a pile of cash, repeat. And this trade might still work out in the end. But for now, it’s elevator down.

Walmart is taking a majority stake in India’s Flipkart for $16b. That deal seems very risky to me. What the fuck does Walmart thinks it’s doing?

One small thing to keep track of in the corner of your eye are Greek bonds, up 8bps today to 4.23%. Their 10yr has been weak for a about a week and we all know how Greece likes to scare Europe into crisis every 3 years or so.

Here are other movers this morning.

Gapping up/down: TRIP +20%, MTCH +5.5%, TWLO +5%, BUD +3% and EA +3% after earnings; AAOI -9%, MNST -8% and PZZA -5% after earnings, AVGO -1% after dg

Gapping up
In reaction to strong earnings/guidance
:

  • DCIX +46.3%, ALEX +20.7%, TRIP +19.6%, ZAGG +18.3%, CDEV +11.3%, AAXN +11.3%, TTOO +9.8%, PLUG +8.2%, ADT +7.9%, ICHR +7.8%, ODP +7.6%, VDSI +7.2%, DRYS +6.6%, OPK +6.5%, COTY+6.3%, PEN +6%, INSY +5.5%, MTCH +5.5%, PUMP +5.3%, DIOD +5.3%, SSTI +5.1%, GPOR +5%, NEWR +5%, TWLO +4.8%, AMBC +4.6%, SMI +4.5%, ESIO +4.2%, QDEL +3.8%, MXWL +3.3%, LC +3.2%, GDDY +3.1%, BUD +3.1%, SUPN +3%, OXY +2.9%, OSG +2.8%, EA +2.7%, LBTYA +2.6%, TM +2.2%, KRNT +2.1%, EPAM +2%, PRTY +2%, RGNX +1.9%, EPE +1.8%, GLOW +1.4%, DLPH +1.1%, .

M&A news:

  • LBTYA +2.6% (Liberty Global to divest operations in Germany, Hungary, Romania and the Czech Republic to Vodafone); VOD +1.3%
  • FOXA +2.2% (reaches agreement with Tribune Media Company and Sinclair Broadcast Group to acquire seven Sinclair Broadcast Group stations for $910 mln)

Other news:

  • HCC +5% (prices 8 mln common stock offering by existing stockholders)
  • PTN +5% (presents on its PL-8177 and PL-8331 melanocortin-1 receptor agonist programs)
  • CDNA +2.4% (CareDx discloses entry into License and Commercialization Agreement with Illumina)
  • EXPE +1% (following TRIP results)
  • PPL +0.7% (prices 55 mln shares of common stock at $27.00 per share)

Analyst comments:

  • IPI +2.5% (upgraded to Overweight from Equal-Weight at Stephens)
  • FLR +2.3% (upgraded to Buy from Underperform at BofA/Merrill)
  • CLF +1.3% (initiated with a Buy at Seaport Global Securities)
  • HII +1% (upgraded to Buy from Neutral at Citigroup)
  • AQUA +0.9% (upgraded to Buy from Hold at Stifel)
  • NTR +0.9% (upgraded to Outperform from Mkt Perform at Raymond James)

Gapping down
In reaction to disappointing earnings/guidance
:

  • EXTR -26%, CSTE -18.7%, VSLR -12.5%, MB -12.3%, INOV -10.3%, OCUL -9.4%, KRO -9%, AAOI -8.9%, MNST -8.3%, CSPI -8.3%, CUTR -7.3%, MXL -6%, PLNT -5.3%, KGC -5.3%, PZZA -4.6%, EVC-4.5%, HPR -4.3%, HZNP -4.3%, BW -3.8%, CLSD -3.8%, CEVA -3.6%, WEN -3.5%, REI -3.3%, WB -3.3%, FLXN -2.9%, RGR -2.9%, CHUY -2.8%, ARNA -2.8%, ETSY -2.6%, OSTK -2.4%, VGR -2.3%, FOSL -2.2%, (after spiking higher in late trade following the early release of its earnings), PAA -2.2%, RDNT -2.2%, GNK -2.1%, SINA -2.1%, SPWR -2%, ARGX -2%, ING -1.9%, IDRA -1.9%, DVAX-1.5%, NPTN -1.5%, VERI -1.3%, CISN -1.2%, HCKT -1.1%, OPHT -1.1%, DIS -1%, MYL -1%, PTIE -1%

Other news:

  • VIRT -5.2% (commences 15 mln common stock offering by selling stockholders)
  • WMT -4.5% (confirms agreement to become the largest shareholder in Flipkart Group)
  • FHB -2.3% (prices secondary offering of 15.3 mln shares of common stock at $27.75 per share)
  • AXGN -2% (prices 3 mln (upsized from 2 mln) common stock offering at $41.00/share)
  • UAL -1.1% (reports April traffic; RPMs +5.1%, ASMs +6.1%, load factor -0.9 pts to 82.3%), .

Analyst comments:

  • AVGO -1.4% (downgraded to Neutral from Buy at Nomura)
  • CROX -1% (downgraded to Hold from Buy at Stifel)
  • LXP -0.6% (downgraded to Sell from Hold at Stifel)

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Reminder: Trump’s National Security Advisor, John Bolton, Wants to ‘Celebrate in Tehran’ Before 2019

Trump nuked the Iranian nuke deal today and reapplied sanctions on that devilish regime. In back of Trump, confident, was John ‘Fucking’ Bolton — Trump’s new national security advisor.

German companies have been instructed to wind down operations in Iran.

Meanwhile, it’s worth reminding readers that Bolton has been literally calling for war and regime change in Iran for quite some time and even promised to a ‘Free Iran’ captive audience that they would, in fact, be celebrating in Tehran by the end of 2019.

Watch.

Friendly Update: Regime change in Syria underway! Israeli jets bomb Damascus!

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Trump Withdraws From Iranian Nuclear Agreement, Tensions Flare in the Middled East

Hey look at the fake news being spread now, most likely printed last night to sell this reversal in US policy.

Iranian troops are, apparently, making awkward movements, staring at the sun sideways and spitting on the ground like camels. For that, the state of Israel is on the highest of alerts and is calling up reserves. No shit, they really are. Also, and this goes without saying, bombs should be flying soon — because the Iranians are, mind you, an evil scourge on this planet — an obtuse and imminent threat to our way of life. It should be noted, and readily so, they are not a democracy and pal around with brutal dictators like Assad and Putin.

Very soon, America and her allies will strike deadly blows to this evil regime in order to usher in a new era of peace and prosperity, until of course more peace is needed, which will cause us to repeat this process, ad infinitum.

As for my investments, they’re doing swell. Quant account is jogging on +0.4%. My trading positions are okay, with exception to my DRIP position which is getting ball boxed hard, thanks to nonsensical hysteria. That is offset by my gains in OSTK, YINN, and SSC.

To be honest, it’s all a bore, until something actually happens.

War with Iran when?

Why not now?

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King Dollar Continues to Rampage Higher — We Are Short of Gold in Space Alien Magician Terms

There’s not a lot of rocket science with this trade. Stronger dollar means less reason to store money in useless gold bars. There is a fairly good correlation between gold and dollars now, one that I encourage all to pay attention to.

To play this, I’m long the 3x purple faggot ETF, DUST.

Moreover, and this goes without saying, oil is way over-priced at present levels. Perhaps The House of Saud needs higher crude in order to IPO their state owned oil company. Or perhaps Trump is truly on Team Putin and is helping to needle Brent higher, in order to place some rubles in Vlad’s pockets. Either way, this shit is fadeable.

To play this, I am long the yellow nostril monster, DRIP.

Markets are flat and eagerly awaiting Trump’s 2pm announcement on the Iranian deal. I have no intention of trading the headlines for this announcement — because it should not have a material impact on stocks. I’m not saying there will not be a reaction, traders are fucking stupid. But, over a longer time frame, this is a nothing burger.

Off to the gym, fully loaded with 5gs of creatine.

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BOUGHT $DRIP

Trump will probably nix the Iranian deal today, reducing US diplomacy to a hilarious farce. That being said, this should not make crude go higher. After all, what the fuck are we pricing in — nukes in Iran?

At $70 WTI, I like the prospects of lower crude in the immediate term, priced heavily in dollar terms — extra FAGLORD Gartman.

Markets are modestly lower. There is strength in biotech — but I have no interest.

All I want and require is sharply lower stock prices, especially in oil, gold, and semis.

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DEATH TO EQUITIES

At least for a short while, time enough for me to exit out from my positions. I doubled down in SOXS yesterday and have an interest in short gold, so I’d be remiss if I wasn’t somewhat rooting for the market to pull in a bit. Perhaps the President will nix the Iranian nuke deal and perhaps that might cause tensions to rise in the middled east. Sometimes it’s important to remember that most of us are pawns in a much larger game being played, a stupid game created by malevolent people who do not truly understand the meaning of life. They take their little positions of power and wield it wherever their small cocks point and use it to hurt people.

Nasdaq futs are -16 and gold is flat, crude down -0.7%. The dollar is rising again, higher by 0.44% v the euro. This should be an albatross around the necks of gold bugs and I believe it’s only a matter of time before there is a reckoning.

Youtube has banned iBankCoin and so has Facebook. Twitter has given me two suspensions over the past two months and I’m not even discussing politics anymore. It appears there is an active program that targets certain people and I’ve found my way onto a blacklist of some sort. Perhaps it’s because of my time writing for Zerohedge, or perhaps it’s because of my early advocacy of Trump — or maybe it’s just bad luck. Whatever it may be, admittedly, it really takes the fun out of sharing crazy ideas and thoughts, being original and wanting to make people laugh. At the end of the day, I perform satire and use hyperbole to make people laugh and I’ve been doing it for more than a decade. I’ll always have iBankCoin and I don’t need their platforms — but it’s unfortunate that they feel a need to do this.

Here’s the morning movers, courtesy of Briefing.com.

 

Gapping up/down: SEAS +10%, MNK +9.5%, MTW +8% and CROX +8% after earnings, FOXA +3% after M&A spec; HTZ -8%, ZG -7% and JD -3% after earnings

Gapping up
In reaction to strong earnings/guidance
:

  • PI +17.2%, VECO +14%, SD +13.2%, RDHL +12.1%, SEAS +10.4%, MNK +9.5%, ENDP +8.5%, MTW +8.3%, CROX +7.6%, VSH +7.5%, FRGI +7.3%, CRZO +7.2%, IAG +7%, DF +6.5%, TAST +6.3%, ZBRA+6.2%, MWA +6%, FN +5.9%, VRX +5.5%, EVHC +5.4%, EVRI +4.8%, ATSG +4.6%, RWT +4.6%, STRL +4.5%, EGLT +4.5%, PLOW +4.3%, MGI +4.1%, EVBG +3.9%, EGAN +3.8%, DHX +3.7%, GBT +3.4%, NLS +3.2%, AXSM +3%, KAMN +2.9%, DQ +2.9%, IIN +2.8%, RARE +2.7%, DHT +2.7%, NIHD +2.7%, DPLO +2.6%, HRTG +2.6%, LCI +2.6%, FRTA +2.6%, BCRX +2.5%, DNR +2.3%, MYGN +1.8%, AMC+1.7%, SRLP +1.7%, ACMR +1.7%, AWR +1.6%, HAIN +1.5%, JLL +1.5%, ANDX +1.4%, AES +1.4%, BR +1.4%, CWH +1.4%, ATHM +1.3%, REN +1.1%, OAS +1.1%, SYKE +1%, OHI +1%, WMC +0.9%

M&A news:

  • FRED +11.7% (Fred’s to sell certain assets of EntrustRx, its specialty pharmacy unit, to a subsidiary of CVS Health (CVS); the aggregate consideration to be paid is $40.0 million, plus an amount equal to the value of inventory of EntrustRx)
  • NSU +11.1% (Lundin Mining and Euro Sun disclose proposal to acquire Nevsun Resources for approximately C$1.5 billion — this proposal has been rejected by Nevsun)
  • XCRA +5.1% (to be acquired by Cohu (COHU) for $13.92 per share)
  • FOXA +2.8% (lifting on reports that Comcast (CMCSA) is planning to make cash bid)

Other news:

  • SNAP +1.5% (CFO Andrew Vollero to depart)
  • C +1.2% (WSJ reporting ValueAct is building stake)
  • CVA +1% (Pres/CEO disclosed the purchase of 15K shares worth ~$228K)

Analyst comments:

  • IQ +1.8% (initiated with a Buy at Goldman)
  • LPX +1.4% (upgraded to Buy from Neutral at DA Davidson)
  • AAP +1.2% (upgraded to Overweight from Neutral at Atlantic Equities)
  • NOC +0.7% (added to Conviction Buy List at Goldman)

Gapping down
In reaction to disappointing earnings/guidance
:

  • ARLZ -17.8%, NVRO -17.6%, HTZ -7.7%, ZG -7.2%, HLTH -6.3%, JCOM -6%, SN -6%, RYAM -5.3%, AVEO -4.5%, ORA -4.4%, JD -3.4%, USFD -3.3%, MLM -3.2%, ACM -3%, TREX -2.8%, FOLD -2.7%, DISCA -2.4%, RMBS -2.3%, MOS -2%, TRMB -1.8%, DISH -1.6%, NTR -1.6%, BKD -1.1%, SNHY -1%

Other news:

  • CAPL -19.3% (reduces quarterly distribution)
  • INWK -7% (postpones earnings; to restate prior financials)
  • AXGN -3.6% (commences 2 mln common stock offering)
  • WTW -3.4% (to offer for sale in underwritten secondary offering 6,500,000 shares of common stock by holder; files common stock shelf offering for an undisclosed amount by a selling shareholder)
  • SR -3.1% (commences 2 mln common stock offering)
  • TSEM -1.8% (cont weakness)
  • ADSW -1.5% (announces secondary offering 11,987,453 shares of common stock by selling stockholders)

Analyst comments:

  • XL -0.5% (downgraded to Sector Perform from Outperform at RBC Capital Mkts)

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Trump is a Time Traveler — Prove Me Wrong

In reality, he’s a fucking NYC billionaire who belongs to an elite circle of people who dish the dirt on the political elite on a regular basis. Blackmail is what keeps this house of cards together.

Note, Trump predicted a grotesque end to Schneiderman in 2013.

For those out of the loop, the AG of NY is being accused of physically abusing multiple women — mainly because he’s a piece of shit. Lawyer shit — the absolute worst kind of human being, feces with legs.

Worth noting, one month ago Eric Schneiderman shut down the investigation into what we now know as the Nxivum sex cult of upstate NY, starring the girl from Small World.

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End of an Era: iBankCoin’s Youtube Channel Has Been Terminated for Nothing At All

Honest to God’s truth here, I don’t give a shit. The channel had 26,000 subscribers, more than 3,200 videos, 30 million+ views, and countless iBC lore branded videos, showcasing our content being read on CNBC and other edits that were creatively made for this community.

Youtube emailed me this note describing the reasons.

This video was uploaded maybe two years ago and was factual. I know the title is a bit crazy — but it was true. The other two strikes on the account were for CNN segments, none of which were remotely controversial. One of the videos debunked the Parkland false flag theory.

I used to get upset over this sort of thing due to MUH freedom of speech. But, truth of the matter is, I’m not a social justice warrior and I don’t care enough to fight this. I know, first hand, that Youtube is being mismanaged by the CEO on down, to whomever unilaterally decides to ban accounts.

The channel used to garner ~$3,500 per month in income, all from news clips featured on other networks. If it’s part of the public domain and those networks permit it, it can be uploaded and shared on Youtube by anyone. But last year the world’s largest video platform demonetized mostly all channels and that dropped revenues by about 75%.

In short, the revenue losses are immaterial, but the content loss is somewhat priceless.

I’m already over it.

I’m not big on taking pictures or clinging onto memories. I’m more of a ship passing in the night type of guy and am appreciative for the years Youtube gave me a platform for our content; but now they can fuck themselves. I was gonna buy YT Red in order to see Cobra Kai, but now I think I’ll go out of my way to bootleg it.

Final lesson: political speech is toxic for business and all but prohibited in this country. I can’t change that, so I move on.

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