iBankCoin
Home / Dr. Fly (page 958)

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.

The #PodestaEmails Are Back, Part II #PodestaEmails2

Mon Oct 10, 2016 5:45pm EST 9

I’ll let the citizen journalists of Twitter sort it out for us. Here are some of the noteworthy findings in Wikileaks’ second iteration of John Podesta’s email box — courtesy of Vlad Putin.

Enjoy.

Comments »

Top Member of Biotech Index, $ILMN, Is Getting Destroyed in the After-Hours

Mon Oct 10, 2016 5:15pm EST 2

All of the commentary on $ILMN is utterly useless click-bait horseshit — strewn out and festooned all over the internet. As far as I can tell, growth is slowing at ILMN and the company woefully missed guidance. And as a result, the executioner is chopping off the heads of their shareholders in the after hours.

ilmn2

Illumina (halted) lowers Q3 sales guidance, guides Q4 sales below consensus — driven by a larger than anticipated Y/Y decline in high throughput sequencing instruments (184.85 +0.36)

Lowers Q3 rev to $607 mln (+10% Y/Y) from $625-630 mln vs $628.26 mln Capital IQ Consensus.

The shortfall in quarterly revenue was driven by a larger than anticipated year-over-year decline in high throughput sequencing instruments.

As a result, the company expects fourth quarter revenue will be flat to slightly up sequentially (from $607 mln vs. $684 mln consensus).

ILMN is one of the largest index members in the IBB — which is off by 1% in the after-hours. Something tells me that it will trade much lower tomorrow.

ilmn2

To put the valuation into perspective, courtesy of Exodus, ILMN was trading at a discount on a price to sales basis — compared to previous years. But, when compared to their large cap peers, the valuation is almost twice as high.

ilmn4

Comments »

Panic at Twitter: Jack Addresses His Team, While Reuters Floats Rumors that Salesforce is Still Interested

Mon Oct 10, 2016 4:33pm EST 4

Shares of Twitter were clown raped today and have been free-falling — after news that no one in their right minds was interested in buying the piece of shit house that Jack built. Shares were off by 11% today, down to $17.5, capping off a harrowing two days of trade that has taken the shares down from $25.

twtr

In response to the catastrophic share decline, a very heavily bearded Jack Dorsey sent out a hugely worded memo to his team — in an effort to prop up morale.

(emphasis is mine)

Hi team!

I’ve served as CEO for one year now. There’s a lot I could say, but there’s only one thing I want to say:

Thank you.

This team has so much purpose, so much resilience, and so much heart. You’ve worked so hard to make Twitter matter. I know it hasn’t been easy. But we are seeing people want to use our service more every single day. Step by step…

We spent a good part of the year getting to the truth. The most important truth is what we are and why we’re here: Twitter is what’s happening, and what everyone is talking about (literally!). News and talk. We’re the people’s news network.

People choose us for news because we’re the fastest. Fastest to get news, and fastest to share news with the whole world. Now let’s strive to be the first. The first place people check to see what’s happening…and the first place to break what’s happening. In the moment LIVE, or a fast recap of what we know so far…what matters.

We’re only limited by our sense of urgency. Life is short. Every day matters. And the people who use Twitter every day deserve our best. They are why we’re here. So let’s show them what we’re made of and deliver a better Twitter faster than they thought possible. We can do this every day. We can do this!

I’ll end by expressing gratitude for my immediate team.

Adam Bain for his always-on drive, creativity, presence, and shoe game. Adam Messinger for his rigor, honesty, fearlessness, and his red belt. Anthony for his discipline, do-whatever-it-takes attitude, truth-seeking ability, and constant use of ? when !! is just as easy. Kayvon for his entrepreneurial spirit, attention to detail, his questioning to make us better, and his tendency to chew on his hoodie sweater. Leslie for her focus on what matters most, unbounded energy, stewardship of our brand, and 2x talk speed. Omid for his constant optimism, clarifying questioning, compassion, leadership, and how he’s changed the color of pretty much everything he owns to a shade of blue. Renee for her drive, integrity, fearlessness, and ability to skip straight past the “new kid” phase. Sierra for her focus, orchestration, attention to detail, and unique ability to be in two places at one time. And Vijaya for her strength, empathy, fortitude, and secret love for McDonalds (to the point of having a McDonald’s iPhone case).

?, jack

Late in the day, the decline in Twitter was arrested, after a bullish news rumor was published by Reuters — suggesting Salesforce was still interested in making a bid.

Twitter shares have lost as much as a third of their value since Oct. 5 on concerns the company has attracted less interest from potential acquirers than previously envisaged. It now has a market capitalization of $12 billion.

Salesforce is deliberating whether it is worth making a lowball offer for Twitter in the coming days based on Twitter’s stock performance and any news of other bidders, the people said.

Charles Gasparino from the never watched Fox Business Network says a deal might get done at $14.

Comments »

Solid Day for Stocks, In Spite of Dreary Decline from the Outset

Mon Oct 10, 2016 4:08pm EST 3

If you weren’t long on Friday, you had zero opportunities to make money today — mostly. Stocks shot out the gates, like a bitch, higher by 150 — only to slowly drop lower, finally closing the session up 88.

In spite of all that, it was a broadly loved day, with upwards of 70% of stocks trading higher — highlighted by Mylan’s slap on the wrist and subsequent rifling higher of its shares.

Today, in a very dignified and staid demonstration, markets celebrated the status quo, the indelible cacophony of globalism and all of its waste and ruin. The campaign of a certain D.J. Trump is in shambles, lowlighted by a late minute scramble by many of his high level GOP ‘allies.‘ Even still, there’s always hope and prayer that one day soon, Hillary Clinton might become overwhelmed by the strobe lights, the rapid succession of flashing lights off of reporter cameras, causing her to succumb to a great seize — off a stage– and into a river, to drift with energy, towards a mountain. At which point, lions will descend upon her and welcome the Maddam secretary to their mountain resort.

They will feast and have great enjoyment and all will be right in the world.

Happily ever after.

Comments »

What a Hillary Clinton Win Means for Wall Street

Mon Oct 10, 2016 11:58am EST 39

Most of my advisor friends are conservative, but they’re also greedy pigs who only think about themselves. As such, many of them want H. Clinton to get elected. Before you flip out on a rant, understand that most people just want to do blow, drink a few gallons of wine, and unwind on a nude beach in Greece. The idea of a Trump presidency is a headache for people who have much to lose.

My populist bend has more to do with growing up inside of the sewers of Brooklyn, before it was gentrified into a hipster haven, than anything else that might’ve swayed me over the past year.

For a long time, I wanted the status quo. I thought it was good for me because stocks went up and I made a living from their appreciation. But in 2014, I started to view things differently. I saw the corrupt nature of what the Fed was doing as unnatural. On top of that, companies were missing earnings by wide margins and macro trends started to really point lower — yet stocks continued to edge higher.

I think the Yellen Fed and their feckless and asinine approach to monetary policy, with all of their fucking speeches and lies, put me over the top — John Rambo style.

But in the event Hillary gets elected, I won’t lament over it, not even for a second. My approach to most things in life is to expect the very worst, making favorable outcomes nothing but upside surprises. I realize that’s a very gloomy way to wade through life; but it has worked for me thus far and I’ve used this cognitive dissonance with great success — steadying an otherwise volatile and unpredictable vessel.

Should Clinton win, and based upon today’s polls it’s looking like the probable outcome, I anticipate Yellen will remain at the Fed. Monetary policy will remain static, healthcare reform will be increased, this time aiming at profit margins for big pharma in order to help out the struggling Obamacare. Our foreign policy will surround itself around a neocon agenda, targeting Russia as our biggest enemy.

In other words, more of the same.

Growth will be moribund and multi nationals will do well. Stocks will rise and the debt burden will expand.

Maybe it’s a good thing, although I doubt it. Banks will rise and solar will get hammered. Most people would think solar would do well under Clinton. But you’d be forgetting the fact that she’s owned by Saudi Arabia. Either way, as market participants, it’s important that we figure out how to prepare for Clinton and the easiest path towards making money.

The election season has been very distracting, and fun, if I’m being honest. Bear in mind, a Clinton win might already be baked into the market. Big money has never taken Trump seriously, so you may not get any immediate upside upon her election.

Comments »

Saudi Arabia’s Oil Minister Promises to be Gentle, as He Raises the Price of Crude

Mon Oct 10, 2016 10:52am EST 1

It’s time to do something different, according to the Saudi oil minister. Unlike 2014, which really sucked for oil, things are different now. As such, he’d like for you to pay him moar for oil. But don’t worry, the House of Saud is a benevolent and graceful monarch and will be ‘gentle’ in their approach to financially raping you.

Perhaps only $100 per barrel will suffice?

OPEC needs to make sure we don’t crimp too tightly and create a shock to the market. We are going to be very responsible,” Falih said.

“Prices have dropped too low and that has impacted investment. Many companies and countries are hurting… we don’t want to give the market the wrong signal and shock the market’s prices,” he said.

“It is time to do something different than we faced in 2014. It is a very gentle hand on the wheel, we are not doing anything dramatic,” Falih said. “The difference is that the market forces have shifted significantly between 2014 and now.”

Citing Novak, Russia’s energy ministry said on Friday it expected an output freeze deal could be reached before the OPEC meeting on Nov. 30..

Falih said Saudi would be prepared to deal with whatever price may emerge.

“We have economic and fiscal plans to deal with very low (price) scenarios and moderate price scenarios,” he said.

In regards to their fiscal plans to deal with low crude prices, does it include a crashing stock market and major declines in their banks?

Everything is rigged, for the betterment of mankind of course. The small plebs need decisions made for them, otherwise they’d make errors and muck things up.

WTI is soaring.
img_5222

Comments »

Rasmussen Online Poll: Hillary Surges +7, Largest Lead to Date

Mon Oct 10, 2016 10:05am EST 14

If you’re wondering why markets are up 150, look no further than the recent poll out of Rasmussen, showing Clinton’s lead exploding to the upside — now +7 — her largest lead to date.

 

Rasmussen Reports’ latest national telephone and online survey of Likely U.S. Voters finds that Democrat Hillary Clinton has now jumped out to a seven-point lead – 45% to 38% – over Trump. On Friday, the two were in a virtual tie – Clinton 43%, Trump 42%

As such, markets are soaring and our benevolent bankers at Goldman are appreciating in kind.

img_5217 img_5218

Whoever made those sweet Goldman option trades on Friday are making a small killing today.

The coronation of Hillary has begun. Let us all rejoice in her magnanimous depravity and behold the glory of the oligarch and also embrace the pending completion of the gutting of America.

Comments »

Crude Lifts Higher After Putin Indicates Russia is Ready to Freeze or Cut Production

Mon Oct 10, 2016 9:33am EST 0

Fifty has been a hard line in the sand for crude. With today’s comments by Putin out of the World Energy Comgress in Istanbul, indicating a willingness by Russia to scheme with OPEC to rig prices, I expect a major squeeze will take place, up until the point where the actual production data proves these serial liars to be nothing more than pump artists.

img_5216

via AFP

“In the current situation, we believe a freeze or a cutting of the production of oil is the only way preserve the stability of the energy sector and accelerate a rebalancing of the market,” he said at the World Energy Congress in Istanbul.

“Russia is prepared to join joint measures limiting production and calls on other exporting countries to do the same,” he added.

He expressed hope this would lead to a concrete agreement at a November OPEC meeting and that this idea would be a “positive signal to the market and investors”.

I wouldn’t be surprised to learn that cooperation with OPEC was somehow tied to Saudi cooperation in Syria.

Comments »

$TWTR Gets Jack; Shares Plummet

Mon Oct 10, 2016 9:11am EST 7

I guess those rumors being vetted by CNBC all turned out to be fairy tales. I’m noticing a pattern here.

The stock is getting clown slapped for another 13% after reports indicate that no one wants to buy this piece of shit company, no matter how many times D. Trump uses it to become President of the United States. If you think about it, it’s astonishing how inept @Jack is, with regard to not being able to monetize this incredibly powerful news tool.

img_5215

Fox Business reporter, C. Gasparino took to the platform this morning to ridicule his former employer, CNBC, regarding their poor sourcing of the Twitter takeover story.

The entire move higher is being rescinded. I’d expect the stock to bottom around $15.

Comments »

Saudi Stocks Crash Again, Led Lower By Banks

Mon Oct 10, 2016 1:55am EST 2

Over the past year, the Saudi index is off by 28%. In recent days, we’ve seen a deleterious decline in the Tadawul — led lower by the banking sector — which dominates the Saudi market.

Oil and banks, nothing more.

saud

 

saudi

Comments »

© Copyright 2007-2026 iBankCoin All rights reserved under penalty of bodily harm. DISCLAIMER: This is a personal web site, reflecting the opinions of its author(s). It is not a production of my employer, and it is unaffiliated with any FINRA broker/dealer. Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities. DATA INFORMATION IS PROVIDED TO THE USERS "AS IS." NEITHER iBankCoin, NOR ITS AFFILIATES, NOR ANY THIRD PARTY DATA PROVIDER MAKE ANY EXPRESS OR IMPLIED WARRANTIES OF ANY KIND REGARDING THE DATA INFORMATION, INCLUDING, WITHOUT LIMITATION, ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. Privacy Policy