Star Wars, Bitcoins, and My Book

I can’t get over how bad the Star Wars movie was, the social justice warrior edition, and how utterly retarded Director and Writer Rian Johnson is for ruining the franchise. Not only did he completely ruin the lore of Luke Skywalker, but he also inserted a purple hair’d weirdo Admiral to turn ISIS and light speed into oblivion for the sake of what exactly? All of the characters were maligned, and Kylo Ren was reduced to a petulant child, throwing tantrums at every turn, perpetually filled with conflict.

Do you mean to tell me when he killed Dad in the last movie that wasn’t enough to ‘go to the darkside’? For the love of Christ, this movie sucked so bad I will never bother with another Star Wars movie again.

But it’s sort of indicative of a greater sickness permeating the collective psyche out there now, a wanton sense of entitlement that is born out of excess; which brings me to my next point: the bubble in cryptocurrencies is going to ruin lives.

Yes, I know, the Dow Jones is for olde men who value profits and metrics. The new economy is all digital, based on white papers and Github forums, checked by auditors on Reddit. Anyone who isn’t part of this new religion is simply missing out and shouldn’t be so bitter — because being bitter is for old men and old men are supposed to die soon and the younger people will never age.

If I may be so bold, spend $6, or buy the collectors version with RARE ART paperback, and read my cautionary tale of when I was young and stupid, just like you, and how the dot com bubble burst nearly ruined my life. It’s a quick read and I promise you’ll enjoy it because I’m a fine writer and know how to spin a good yarn.

If you’re not interested in cautionary tales, read the prequel, and you can simply pretend the good times will continue indefinitely.

That being said, I intend to continue buying/selling my crypto proxy plays and I am building an Exodus platform for cryptos. I do not need to invest in cryptos to know that there is a massive market out there of newly minted speculators who are without basic investment tools to make better informed decisions. But rest assured, the bubble will pop at some point and when it does you’ll reflect upon your hubris as a laughable moment of grand stupidity.

What do you have to say about that, Hillfags?

Trump is now predicting as high as 6% GDP growth, lunatic, Chinese styled numbers. He declares ‘we’re ready to rock’ and how each 1% in GDP equals $2.5 trillion, saying his proposed tax cuts will be ‘one of the greatest Christmas gifts for the middle class of all time.’

Providing he can avoid being impeached, should the economy zoom up to 6% GDP growth, President Trump will go down as the greatest President to have ever lived, outstripping the evil Lincoln and impotent George Washington.

The tax bill is expected to be voted on this coming Tuesday.

I’ve been vigilant in compiling a list of any stock that so much as whispers at getting involved in the MUH blockchain. The subsequent result has been a fervor not seen since the great oil boom days of when Hurricane Katrina totally destroyed Louisiana. Whether this is something that will continue is irrelevant. It’s happening now and people are craving for MOAR.

Here are the top ranked crypto proxy plays via Exodus.
(scale: worst 1-5 best)

OSTK 4.87
SIEB 4.77
SSC 3.87
RIOT 3.27
GROW 3.27
SRAX 2.97
MARA 2.67
TEUM 2.62

There are several more. However, some are on OTC and we’re unable to properly grade the technicals on such a degrading platform. Nevertheless, I’m playing several more right now, one of which is OHAI.

On the ETF side, I know many banks are banned from buying GBTC. There is a way around that via ARKK, which has GBTC as its largest holding. The technical score for ARKK is 4.17.

Aside from gambling all over the places, hitting aces at every turn, my brokerage house play, SIEB, shot higher towards the end of the session — placing me +20% from my intra-day basis.

Not only did I make 60% on LFIN, but it ran another 20% to $22 after I sold it. These are rich times that were designed for people like me, fast movers, light and quick balls, eagerly sashaying through markets like a viper in the night in search of prey. Since I preside over a god damned Market Intelligence Platform (Exodus), I am well perched and know exactly where the money is moving on a real time basis.

Have a great weekend. Just when you thought “The Fly” was finished and could not win again, BAM, he wins again.

Booked the trade just north of $18 for a 60% intra-day gain.

I’m hearing insiders are selling today, in a big way.

An article from several months ago…

You may have heard how the finance industry is looking to take advantage of blockchain technology beyond peer-to-peer money transfers. Today we have a story that fits into that narrative, with a group of banks led by Credit Suisse inching closer to launching a blockchain-based platform to offer loans.

Speaking to the finance magazine EuroMoney, Emmanuel Aidoo, Credit Suisse’s head of blockchain efforts, said that syndicated loan trial — which began last fall — is moving ahead.

“We are working to put a few dozen smaller loan transactions, where we or other participating banks are the agent, onto a distributed ledger platform using smart contracts in production next year,” he said.

The concept

The test envisions a syndicated loan market in which multiple lenders pool their capital for individual borrowers. The group hopes the blockchain technology can reduce barriers between counterparts, reducing both time and cost in making the necessary capital available.

Also, using smart contracts will reduce turnaround times to eventually increase the market’s appeal to both lenders and investors, according to Aidoo.

“Many investors, including mutual funds and institutional asset managers, might be attracted to loans that are senior to bonds in the capital structure, but they are put off by how long loan trades take to settle,” he added.

Second phase of testing has been completed

The second phase of testing has been completed in March. Among the banks that were included as participants, we find such giants as Barclays, BBVA, Danske Bank, LSTA, Royal Bank of Scotland, Scotiabank, Societe Generale, State Street Corporation, TenDelta LLC, U.S. Bank and Wells Fargo.

On the buy-side there were AllianceBernstein, Eaton Vance Management, KKR, and Oak Hill Advisors.

Distributed ledger startup R3’s research outfit managed the test, while the system was developed by Synaps, a joint venture backed by blockchain startup Symbiont and Ipreo — the latter of which is co-owned by Goldman Sachs and private equity giant Blackstone.

Did someone say Oak Hill Advisors?

Someone dropped the ticker in The Pelican Room at Exodus, so I went long.

Why the heck not?

For the week, my systematic portfolio crushed helmets and skulls, higher by 0.61%, outpacing the tepid SPY by 70bps. I think I’v demonstrated over and over again that my quantitative method is much better. Now it’s time to reduce the churn and build a quant portfolio for longer durations.

For this week, I was directed into mega caps, just a handful of them, with a TLT/GLD hedge.

Timing could not be better, since I am interested in winding down my operations heading into 2018.

My PYDS is lighting fucking faces on fire here. I made over 20% this week in GROW, XNET and MARA. Now I’m up nearly 50% in the past half hour in LFIN. So, with all of this new crypto cash rolling in, I’m playing my luck here and buying TEUM.

YOU CANNOT GET MORE DEGENERATE THAN ME? DO YOU HEAR ME YOU FUCKING FAGGOTS?

Also, I’m still look for SIEB to make a vertical move upwards (redundancy alert) soon.

Let the cocaine flow.

Check this out. It has all of the trimmings of wanton degeneracy on an industrial scale.

Recent IPO: check
Small float: check
Shady as heck: check
AI company: check

Right after coming public, they announce the purchase of a blockchain company: check

Longfin Corp. (NASDAQ:LFIN), a leading global FinTech company, announces the acquisition of Ziddu.com, a Blockchain-empowered solutions provider that offers Microfinance Lending against Collateralized Warehouse Receipts in the form of Ziddu Coins.

Ziddu Coin is a smart contract that enables SME’s, processors, manufacturers, importers and exporters using cryptocurrencies across continents. Ziddu Coins are loosely pegged to Ethereum and Bitcoin. The importers/exporters convert offered Ziddu coins into Ethereum or Bitcoin and use the proceeds for their working capital needs. At the end of the contract, importers/exporters will realize their proceeds and pay back their funds through cryptocurrencies only. Depending upon the risk profile of the counterparty, the interest will vary from 12% to 48%.

“The advent of Blockchain technology has caught the imagination of the global financial services industry; blockchain is emerging as a technological revolution that is set to disrupt the financial services infrastructure. Cryptocurrencies such as Bitcoin and Ethereum will act as a global financing currency to avail credit against hard currencies of many emerging markets.” Says Venkat Meenavalli, Chairman of Longfin Corp.

I’m in at $11.75. Let the fucking games begin.

Stock is already way up on this news.

Overstock.com, tZERO & Siebert Financial (SIEB) sign letter of intent to enter into a partnership to offer deeply discounted online trading in Q1 (60.90) Under terms of the agreement, any investor in America who accesses the Muriel Siebert & Co. Inc. portal at Overstock would be able to conduct online trading of US equities for $2.99 per trade through the platform. In addition, Overstock plans to introduce a new tier to its Club O loyalty and membership rewards program to offer that elite membership level the opportunity for online trading at an even deeper discount of $1.99 per trade.

Why is this important?

SIEB is a massive piece of crap. They can barely keep the lights on and I once played this stock, masterfully, back in 1999. They were caught up in the dot com craze and the stock went on a lunatic run, making Muriel Siebert the first female billionaire on the NYSE. I’m a little hazy on the details; but it was a big deal.

Now they’re aligning with a very high profile blockchain play, which will be the biggest ICO to date — launching on 12/18/17.

I’m thinking their relationship with tZero/OSTK can drive some new business. I’m thinking, the float is so damned small this stock can double again and no one would think twice about it. I’m thinking YOLO.

I’m in at $11.12.