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.
There have been rumors of rumors of rumors that LC was just going to toss itself onto the blockchain, a move that would surely ignite the shares and get the blood boiling again.
Alas, I went over my books and made careful considerations and concluded that I simply could not afford to miss out on this sort of announcement.
Henceforth, I am in the LC — the Lending Club — and have a KEEN interest in making loans to homeless people in burlap’d garb.
The stock is trading under $4.3. I am looking for $43 by next Sunday.
Olde man Buffett out this afternoon talking extremely greasy about cryptos, saying he’d buy 5 year puts in all of the cryptos. Then in the very next sentence admitted to knowing nothing about them.
In other words, Buffett had so many flavors to choose from, yet he chose salt.
Juxtapose this against a private crypto chat room that I was just in; and I admit that the people trading cryptos are fucking animals, but the fervor is real. I haven’t the slightest clue when this will end, but for the sake of making an investment in a group of cryptos I am interested in, I hope it ends soon and washes them out CLEAN.
I am focused on storage, an industry this private chat room didn’t like — which makes it all the more interested. On a whole, they’re mostly trading out of emotion, just like many of you — and do little to no research, instead relying on gut instincts and banal data points. It’s humorous actually, in an end of the world as we know it sort of way.
In an attempt to continue the holiday spirit, I stepped in, rather gleefully, and bought DPW with decent enough size.
The point of the purchase, in at around $2.24, is for EXTRME WINSHIP on the blockchain — a place I am most comfortable living and playing, profiting, and eating.
Seeing the stock at $2.60 now, my heart warms from the glow of victory.
I wish to sell this at $4, later on today, tomorrow at best.
I sincerely apologize for this lack of performance. This is a personal embarrassment for me — having come here day in and day out talking shit about ‘moving in 100% increments’, yet here I am before you, hat in hand, reported only a modest gain of 19% in GSUM in a little bit over a fortnight — aka ‘a loss.’
You’d think for that holding period I would’ve make 3,000%. But no, it wasn’t meant to be and now I move on, indelibly, and with a heavy heart, in search of retribution.
AMRH came out with some crazy blockchain news, sending shares +250%. They also have warrants. Over in Exodus, we’ve been stalking this stock for weeks. I even gave the warrants a nice little description. They opened +900% this morning.
COGT is an under the radar blockchain play, +13%.
Kodak is +90% and the warrants are over $2. I posted them in Exodus yesterday at 7 cents.
INPX +13%
DPW +10%
SSC +6%
As always, I’m on the lookout for newly minted blockchainers, from which I intend to move in 100% increments with.
The temptation to walk away from this madness is palpable. Gazing into the pre-market quotes and seeing KODK up another 120% could make any reasonable man, or woman for that matter, cringe at the idea that this could all continue. But you’d be wrong. Thanks to our wonderful President Trump, all of the jobs are coming back and America is, once again, becoming grandiose and great again.
Any ideal suggestion that China might, in fact, stop buying US bonds is utter nonsense. No one should ever be scared of that, since we’re more likely to BOMB N.KOREA into the stone age, forcing our Chinese friends to do exactly what they’re told, OR ELSE!
What’s important to note is oil, higher by another 1%, encroaching on $63.
On news that China might stop buying American bonds, TLT is lower by 1.3% and futures are -100.
In other news, Princeton based company AMRH is now a blockchain company and the shares have doubled. More on that later.
In the meantime, here are some other headlines.
Sirius XM Radio added approx 1.56 mln subs in 2017; expects to meet or exceed 2017 guidance for revenue, adjusted EBITDA, and free cash flow
Acuity Brands downgrade details — to Hold at Williams Capital Group following earnings; tgt lowered to $175
SVB Financial Group target raised to $300 at Maxim Group — Raising EPS ests mainly due to new tax law
China New Borun announces receipt of preliminary non-binding going private proposal for $1.67/share in cash
AMERI Holdings to expand offering with blockchain solutions
Wells Fargo upgraded to Neutral at Atlantic Equities
Morgan Stanley upgraded to Overweight from Neutral at Atlantic Equities
Workday upgraded to Overweight from Equal-Weight at Morgan Stanley
I’ve been waiting for GSUM to break out for weeks. Lo and behold, Ragin Cajun came back to trading for the first day of 2018 and got in, which coincided with an explosion of the shares. Some people just have that touch.
Earlier today I first heard about Kodak getting involved with the blockchain in Exodus, and then someone told me about warrants that were attached to the common. They expire in September and were trading at ~6 cents.
I posted this message inside the hallowed halls at 12:30ish.
A good friend of mine and friend of the site, the venerable Chuck’d Bennett, saw said message and stepped in with some size, buying warrants from 7 cents all the way up to 20 cents. They closed +3,000% at 59 cents. With the stock up another 40% in the after hours, good old Chuck Bennett stands to make a King’s Ransom tomorrow.
This is just another day on the blockchain — making inordinate sums of money off little to no work. Everything is free and everything is grande. All you need to do change your name to reflect blockchain or announce some sort of crypto interest and your equity will double and triple in value — allowing for a segue back into the capital markets to raise money for future burn rates.
Heading into tomorrow, I’m very boolish on oil — long BBG, SN and FTK.
As for the blockchain, I have several positions slumming it. But I consider them to be sleeping, not really trading down in earnest. Immediately, I expect to make great sums of money in NETE, GSUM and maybe INPX. If none of my present ideas work out, I’ll sell them and wait for the press release gods to bestow new gifts upon me. It’s that simple and easy, and also simple.
Eastman Kodak and WENN Digital announce licensing partnership to launch KODAKOne and KODAKCoin, a photo-centric cryptocurrency (5.00 +1.90)
Kodak and WENN Digital, in a licensing partnership, announced the launch of the KODAKOne image rights management platform and KODAKCoin, a photo-centric cryptocurrency to empower photographers and agencies to take greater control in image rights management.
So I was up nearly $3 on my SLCA purchase that I made last week. Problem with the stock: it doesn’t move in 100% increments — my preferred mode of transport. While you fuckers move digitally, I’m analogging my way towards a massive headstone — aka rich as fuck by death. That is my end game, after all; becoming as rich as possible towards the end of my life — then donating all of my money to some preposterous cause that will foment a great blight in some well to do area in the United States.
I also sold my JNUG, which crawled all the way back near my basis. It actually threatened, even menaced me, with a loss — so I quickly sold it and then guzzled down a glass of coconut cream. Did you know there are only ~500 calories in a nice tall glass of coconut cream?
Replacing those two stocks, I bought NETE — not because I like the company or ‘feel good’ about it’s prospects — but because of the chart. Yes, indeed, I bought NETE, mind you, because I enjoyed gazing into the chart — caressing its moving averages and they spoke to me in very kind and gentle words: “psst, over here, asshole. Buy me because my chart is breaking out.”
So I did it and that’s that.
Aside from that, I have two other names performing well: KBSF and NCTY, both of who also have some very nice and splendid charts.
