Fly Buys: NVTA, YY, VRTU

IDGAF

Went long NVTA, YY, and VRTU, based upon various assumptions. In the case of NVTA, this is a super fast growing genome play that is now overbought with wonderful stats in Exodus.

It isn’t new, per se, only that I now first discovered its utility. For years I’ve leaned on the mean reversion algos for buying dips and have enjoyed wanton success because of them. The hardest part of trying to predict the market is when it’s going to break the fuck higher — it still is. But I have a nice edge now and I’ve been using it for a few months, testing it out, mind you, before showing fuckheads like you.

For members of our grande halls — here is the screen.

What am I looking for with this flag?

I am search for stocks that have reached an overbought status, the upward range of its technical ranking, that have historically gone higher afterwards.

Case in point, I just sent out an educational email about this, highlighting all of the OB stocks on August the 6th, 2018. The net result was +7% return over two weeks, against the backdrop of the SPY that produced a gain of ZERO.

Here is that basket.

And here are today’s high probability momentum stocks.

There are a million ways to win. I endeavor to discover all of them.

I bought this yesterday in the afternoon, whilst thinking about drinking a gimlet and sold it today for a 10% profit, whilst thinking about drinking a gimlet.

Stocks are supposed to be down today — because the President might lose his job. No one gives a shit. Traders are sopping up any dips and buying them with vigor, all market orders.

New issues have risen at House Fly — now with my bathroom light switch. A good friend of mine will be coming by on Friday to address that and the water heater — which isn’t working — because Honeywell gas valves are horrible. We’ll get it all sorted out on Friday. Then we’ll smoke a few cigars to celebrate the occasion.

Over in stock market land — I have a stock worth selling today — a great big beautiful 1 day profit.

I’m also famished and will fix myself something to eat.

Bottom line: I see oil is up, but I refuse to talk about it. Tech is where your money should be focused and the good times are rolling, rather severely now.

This time it’s really over gents.

Let’s recap for those keeping score.

Trump got elected and declared war on the deep state.

Said deep state appointed a special counsel to eventually execute Trump.

Special counsel has now tossed Trump’s personal attorney, Cohen, and campaign chief, Manafort, in prison.

BOTH WERE FOUND GUILTY TODAY.

On deck is Flynn, Gates, Papadopoulos and about 20 others are expected to be tossed into prison.

There is nothing unusual about criminals heading to jail. However, and it must be stated, there is something unusual about the timing of corruption only first being discovered in DC — under the administration of Trump.

Futures are tumbling on this news, down 79 on Dow and 29 on Nasdaq — because people think Trump is in jeopardy. Why do people think this?

BECAUSE COHEN SAID TRUMP ORDERED HIM TO COMMIT CAMPAIGN CRIMES.

“I participated in the conduct for the purposes of influencing the election,” Cohen said in court.

Worst case scenario, Trump gets impeached and he dies in prison. Pence takes over and stocks recover. However, I suspect there will be a brief interlude of panic, should such uncertainty hit the headlines.

My solution for cleaning up DC.

In a separate related idea, I think all Presidential terms should be coupled with an investigative Prosecutor who is funded limitless, tasked to find crimes at all times. That will clean up DC fast. Can we do this for Congress too? Put a Mueller in every office.

— The_Real_Fly (@The_Real_Fly) August 21, 2018

I bought LITE, WIX, and ALRM to end my recent buying spree.

What can I say? I’m addicted.

Tried to stop me from enjoying massive gains and I’ll twist your arm off and tie you into a pretzel.

Today’s rundown:

SOLD

TLRY +35%
CRON +15%
SONO +18%
MOMO +8%
PDD +5.4%

SOXS -5.3%

BOUGHT

JG
CVNA
IIIV

These next two stocks are beautiful — like two big balloons attached to a decorative basket, with all of the best people inside of it. I own both balloons and power them with hot air until the air gets thin, and lovely, and I can’t go any higher.

I bought CVNA and JG.

The latter, JG, is especially terrific, as a new Chinese IPO trading below its offering price — sort of like UXIN. This is a market where men like be reduce themselves, mind you, to purchase stuff like this.

As you were.

I sold the following stocks, raising cash levels in my trading account to 35%.

TLRY +35%
CRON +15%
SONO +18%
MOMO +8%
PDD +5.4%

SOXS -5.3%

REMINDER: You can access the Exodus algos for free now at FreeStockAlgos.com. I’ll be adding features to that site over the coming months.

It’s over E-tradeFAGS. You had your chance to shine, now it’s time to go away.

Here’s how JP Morgan will bankrupt the litany of online brokerages, including those freeFAGS at Robinhood.

Signing up through the bank’s app can be done in three minutes, and moving money between Chase accounts happens instantaneously. Users can also seamlessly fund their investments from outside accounts. There is no minimum required to open an account.

All customers get 100 free stock or ETF trades in the first year, an offer that becomes permanent for those with Premier-level bank accounts, which require a combined $15,000 held at the bank.

Those with Chase Private Client, a higher account that typically requires at least $100,000 in holdings, get unlimited trades. The bank is currently considering adding other tiers that would incentivize people to pull money from other brokerages.

Users can construct diversified portfolios with an automated tool called portfolio builder by inputting their risk tolerance and objectives. In a recent demonstration, a client was able to quickly screen through ETFs — most of which came from competitors including Vanguard — and construct a portfolio composed of cheap ETFs and a few stocks.

The number of free trades a user has left is prominently displayed on the app. Keough said that most investors don’t typically need more than 100 trades a year, but if they exceed that amount, they’ll be charged $2.95 per trade, which still undercuts most rivals.

For instance, TD Ameritrade and E-Trade charge $6.95 per trade. Charles Schwab charges $4.95 a trade. All three offer free trades for a fixed amount of time for new clients who deposit enough money. Bank of America offers customers of its Merrill Edge service 30 free trades per month, but that perk begins at $50,000 in balances. Otherwise, trades cost $6.95.

Shares of TD Ameritrade and Schwab were lower in premarket trading Tuesday.

The next phase for J.P Morgan is for investors who want to be more hands off. Start-ups including Wealthfront and Betterment pioneered the so-called robo-advisor, or automated investment managers. Big banks including Morgan Stanley and Wells Fargo have since released their own robo-advisors. Most charge between 0.25 to 0.50 percent of assets under management per year.

J.P. Morgan will unveil its own robo-advisor under the You Invest brand in January, Laskowitz said. He declined to say whether the bank will make good on Dimon’s threat from 2016 to give away the service for free.

“If you think about our pricing structure, it will be very similar with what we’re doing with our brokerage platform,” Laskowitz said of the robo-advisor. “We’re rewarding people for doing more with Chase.”

Thank God the online brokerages have business relationships with advisors, otherwise their B2C models would be blowing up right now.