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.
#Cameco has shut down world's largest #uranium mine for 10+ months. ? Not only cutting production but also drawing down held #U3O8 inventories ??to meet 2018 commitments of 32-33M lbs, reducing ability to respond to unexpected global "Black Swan" #nuclear fuel supply events.? pic.twitter.com/sGOYs8cT2S
The price is moving sharply higher today, in a space that has been left for dead.
If you recall, I made a small fortune playing UEC a few years ago. Well I am back in the stock, hoping US supply gets choked off, leaving me with extreme profits on the upswing of U308.
Jesus Christ it’s raining so much here I think my house might float away. I was doing some yard work over the weekend and the grading of the landscape needs repair, from heavy erosion due to minor flooding. If I don’t haul in a shit load of top soil to cover exposed tree roots, I risk having illegal Mexicans trample over them with their lawnmowers — killing my trees dead.
Speaking of which, the god damned trees are dropping like flies in the yard — always succumbing to beetles and carpenter ants. I’ll need to plant some new one’s soon. I usually go with swamp oak — because they’re strong and nearly impossible to kill.
Markets are strong — but oil is weak. I like long stocks and short Russia here, especially in light of recent sanctions on them and of course their exposure to oil.
I just bought some FIZZ too — after a long weekend of inebriating myself with the help of their little key lime sparkling water cans. They make for a fine gimlet and I strongly recommend all of you to give their product a try, especially when inebriating oneself.
Things are going swimmingly in Exodus. The algos are working tirelessly, creating new opportunities every day — and the community is vibrant, smart, and callous — my favorite qualities in people.
Back to FIZZ. When will they catch a buyout? It’s a no-brainer for any large beverage company in search of growth. With the stock bidding up nearly $3 and my new found affinity for the brand paired with gin, I like my chances playing this thru $100.
This is the type of press that can ruin an airline. People don’t usually give a shit about the airline they’re flying on, except for the rare occasion when said airline is featured on 60 Minutes for various safety red flags.
Shares of Allegiant Air are lower by 6% this morning.
Russian markets are down 1.4% today, after losing World War 3 to America this past weekend. Our futures are +140. It just so happens I am completely long, aside from my ‘fuck Russia’ trade — long RUSS — which is a play on betting against the GIGANTIC slavic nation of ice people.
Fun fact about Russia: back in the 1200s, the Mongols conquered them and are the reason why the entire land mass eventually united. Also, the Russian royal family is said to have ~15% mongol blood in them, from all of the cross-breeding done between the two people’s when the Golden Horde ruled over them.
Oil is -1.2%, probably because of lack of happenings in the Middle East. We were hoping to rope both Iran and Russia into armed conflict, which would’ve killed scores, but also have been boolish for WTI and Brent.
European markets are lower, most likely due to the fact that Russia might decide to freeze the entire continent to death next winter. But I suppose we’ll cross that bridge when we get there.
This could be viewed as dovish.
Russia and China are playing the Currency Devaluation game as the U.S. keeps raising interest rates. Not acceptable!
Here are the other headlines littering my fucking screen right now.
Gapping up/down: BAC +1% after earnings, ULTA +2% and COST +1% after upgrades; JBHT -1% after earnings, KHC -1% after downgrade
Gapping up
In reaction to strong earnings/guidance:
BAC +1.0%
M&A news:
ERI +7.3% (to acquire Tropicana Entertainment (TPCA) in a cash transaction that is valued at $1.85 bln)
IEP +1.7% (confirms agreement to sell Tropicana’s real estate to Gaming and Leisure Properties)
Other news:
ALKS +18.7% (announces that the FDA has accepted for review the NDA for ALKS 5461)
ACRX +8.9% (announced the successful completion of the human factors (HF) study performed to validate the effectiveness of the revised DSUVIA directions for use)
IDRA +4.3% (enters into a clinical development support agreement with Pillar Partners Foundation)
ALNY +3.6% (presents new clinical results for Givosiran)
INFY +2.9% (rebounding following Friday’s post earnings decline)
SHPG +2.5% (announces sale of oncology business to Servier for $2.4 bln)
JD +0.8% (clarifies potential confusion caused by certain statements made by CEO Richard Qiangdong Liu in a recent event)
GOOG +0.6% (positive article from Barrons), .
Analyst comments:
LOXO +6.1% (upgraded to overweight from equal-weight at Morgan Stanley)
ULTA +2.3% (upgraded to Buy from Neutral at Guggenheim)
BCS +2% (upgraded to Buy from Hold at Jefferies)
COST +1.2% (upgraded to Outperform from Market Perform at Wells Fargo)
AWK +0.7% (upgraded to Buy from Neutral at Janney)
Gapping down
In reaction to disappointing earnings/guidance:
HCSG -1.7%, (guidance), JBHT -1.3%
Other news:
CLDX -45.6% (reports that the randomized Phase 2b METRIC Study of glembatumumab vedotin compared to Xeloda in patients with metastatic triple-negative breast cancers that overexpress gpNMB failed to meet its primary endpoint)
WPP -4.8% (announces Sir Martin Sorrell has stepped down as Chief Executive Officer of WPP with immediate effect)
BPMC -3.5% (reports proof-of-concept data for highly selective RET Inhibitor BLU-667)
NLNK -3.4% (reports initial data from Phase 1 NLG2105 study )
CLVS -3.4% (commences separate underwritten public offerings of convertible senior notes and common stock)
JMEI -2.5% (CFO Yunsheng Zheng resigned effective April 11 for personal reasons)
HTHT -2.4% (reports blended occupancy rate of 83.7% versus 83.9% last year; reports Q1 blended RevPar of RMB 173 mln versus RMB 152 mln)
BUD -0.5% (negative article from Barrons)
Analyst comments:
KHC -1.2% (downgraded to Underperform from Neutral at Credit Suisse)
CROX -2.7% (downgraded to Negative from Neutral at Susquehanna)
SJM -1.1% (downgraded to Underperform from Neutral at Credit Suisse)
DF -1% (downgraded to Sell from Neutral at Goldman)
As blood thirsty Americans, why do you bother with loser advisors and elaborate get rich quick wealth schemes when you could just invest alongside the Order of the Cinncinatus and profit from war?
What a glorious world war. They never stood a chance.
The Syrian raid was so perfectly carried out, with such precision, that the only way the Fake News Media could demean was by my use of the term “Mission Accomplished.” I knew they would seize on this but felt it is such a great Military term, it should be brought back. Use often!
On news of America’s victory over the axis powers, Nasdaq futures are +44, Dow +195. I expect these gains to heighten as people come to the realization that America is unstoppable. If you’re reading this from another country, I feel sorry for you. How does it feel to know American can wipe out your civilization whenever it wants? You are quite literally inferior to hamburger eating missile toting troglodytes.
We can attack you and you’d never see it coming — utterly defenseless. The reason why you’re defenseless is because, genetically, you are inferior. This of course includes Canada, a icy wasteland that should’ve been used to store our trash rather than British loyalists.
Well, well, well — what do we have here. It was less than a fortnight ago when Trump decided to completely pull out of Syria — a war which has been fought by us, by proxy, for the better part of the past 7 years — losing miserably. The net result of our meddling has been 500,000 dead, millions displaced. But the recent chemical attack that took the lives of ~40 women and children were of course too much to bear.
Now we must stay in Syria, ‘long term’, because we’re a moral kind hearted people, who offer lovely stealth missiles or drilling contracts by our mega-corporations.
#BREAKING Macron says France has convinced Trump to "stay in Syria long-term"
"Ten days ago, President Trump was saying the United States of America had a duty to disengage from Syria. We convinced him it was necessary to stay. I assure you, we have convinced him that it is necessary to stay for the long-term." (Emmanuel Macron) https://t.co/0x706FatLV
In other news, Russia punk’d out again and warned of global chaos if we hit Syria again.
Illegitimate missile strikes carried out by the #US and their allies on Syrian territory seriously damaged the prospects for a political settlement in #Syria. If such actions continue in violation of the @UN Charter, this will inevitably lead to chaos in international relations. pic.twitter.com/n6quwJkoxL
Statement by the Ambassador Antonov on the strikes on #Syria: A pre-designed scenario is being implemented. Again, we are being threatened. We warned that such actions will not be left without consequences. All responsibility for them rests with Washington, London and Paris. pic.twitter.com/QEmWEffUzx
Hamburgers, Fish and Chips, and Croissants bombed some borscht marinated pita bread — with a ~30% success rate — due to ancient USSR era missile interceptors.
The Pentagon rejected claims of their missiles being shot down — and some are upset that we didn’t use more.
Source: NY Times
Defense Department officials batted down those claims, saying that the entire American-led operation was over and the targets were destroyed before Syria launched any of the 40 missiles it fired into the air.
“Taken together, these attacks were able to overwhelm the Syrian air defense system,” Lt. Gen. Kenneth F. McKenzie, the Pentagon’s Joint Staff director, said at a news conference. “None of our aircraft involved were successfully engaged by Syrian defense forces.”
He added that the barrage of missiles had hit their targets within a couple of minutes at most. He said that all three targets had been destroyed, and that all warplanes had returned safely to base.
But the strikes were limited, with an eye on making sure they did not draw retaliation from Russia and Iran and set off a wider conflict. For that reason, Mr. Assad may still be able to use chemical agents in the future.
“I would say there’s still a residual element of the Syrian program that’s out there,” General McKenzie said. “I’m not going to say that they’re going to be unable to continue to conduct a chemical attack in the future. I suspect, however, they’ll think long and hard about it.”
The limited nature of the strikes left some observers underwhelmed.
Russia called an emergency meeting regarding the topic, but their resolution was rejected by the council.
NBC NEWS: UN Security Council rejects Russian resolution condemning airstrikes by US, UK and France in Syria
Nikki Haley, in a most cringeworthy moment at the UN, told Syria that Trump was ‘locked and loaded’ to attack Syria again, should they use chemical weapons again. If I was a terrorist, I’d be using chemical weapons like a motherfucker right now.
China condemened the attacks.
Source: Zerohedge
“Any unilateral military action violates the United Nations charter and its principles and international law and its principles. [The strikes] are also going to add more factors to complicate the resolution of the Syrian crisis,” Chinese foreign ministry spokeswoman Hua Chunying said in a statement on Saturday afternoon.
Beijing also called for an investigation into claims of a Syrian poison gas attack on the rebel-held town of Douma that rescuers and monitors say killed more than 40 people, and prompted the Western action.
“The Chinese side believes a comprehensive, impartial and objective investigation should be conducted into the suspected chemical attacks and it should come up with reliable conclusions … Before this, no conclusion by any side should be made,” Hua said.
Hua also said the Chinese embassy in Damascus was in close contact with Chinese citizens in the country. “So far they are all safe,” she said.
Beijing was reacting to air strikes launched by the United States, Britain and France carried out on what the US said were three chemical weapons facilities – one scientific facility near Damascus and two storage facilities near Homs. A total of more than 100 missiles were fired and the air strikes lasted no more than 70 minutes.
A perfectly executed strike last night. Thank you to France and the United Kingdom for their wisdom and the power of their fine Military. Could not have had a better result. Mission Accomplished!
Lastly, Alex Jones had a profanity laced meltdown last night. He’s officially off the Trump train. He believes ‘the deep state’ gained leverage off Trump when they raided his lawyers offices and are now controlling him.
The pageantry is disgusting. The vast majority of American people just want to play video games, drink Champagne, and shit post on Twitter all day in between day trades. The shit out government is pulling here is treasonous. We do not owe them allegiance. They are not America. Pardon the cringeworthy-ness of what I am about to say, but we the people are America — not those absolute faggots who keep steering us into ruinous satanic wars.
Here are the facts.
Since the war on terror began, total war related deaths are more than 1.3 million.
Total expense, not including the 100% lift in annual military expenditures, are in excess of $6 trillion.
It does not matter what is taking place in Syria; it is not in our national interest to be there. Period, end of story.
In response to these attacks, Russia is likening Trump to Hitler.
A highly placed Russian politician is likening President Donald Trump to Adolf Hitler after the launch of airstrikes against Syria, and says he regards the action as a move against Russia.
Alexander Sherin, deputy head of the State Duma’s defense committee, says Trump “can be called Adolf Hitler No. 2 of our time — because, you see, he even chose the time that Hitler attacked the Soviet Union.”
That’s according to state news agency RIA-Novosti. The Nazi forces’ opening attack against the USSR in 1941 was launched around 4 a.m.
Statement by the Ambassador Antonov on the strikes on #Syria: A pre-designed scenario is being implemented. Again, we are being threatened. We warned that such actions will not be left without consequences. All responsibility for them rests with Washington, London and Paris. pic.twitter.com/QEmWEffUzx
President Donald Trump is warning Russia and Iran about their association with Syrian strongman Bashar al-Assad’s government, as he announces the launch of retaliatory strikes after an apparent chemical weapons attack last week.
Speaking from the White House, Trump says, “To Iran and to Russia, I ask: What kind of a nation wants to be associated with the mass murder of innocent men, women and children?”
Trump calls the two countries those “most responsible for supporting, equipping and financing the criminal Assad regime.”
Trump says, “The nations of the world can be judged by the friends they keep.”
He adds ominously, “Hopefully someday we’ll get along with Russia, and maybe even Iran, but maybe not.”
Warplanes & vessels of US Air Force, together with French and UK allies, 'launched a missile strike on civilian and military facilities' in Syria early Saturday morning, the ministry said in a statement https://t.co/m5KYVEakTi
Trump’s decision to launch airstrikes against Syria without Congress’s approval is illegal. We need to stop giving presidents a blank check to wage war. Today it’s Syria, but what’s going to stop him from bombing Iran or North Korea next?
