Fly Buy: $BE

Easily defined FAGbox here. My stop is $12 — upside target 10% higher from here.

I’ve got the entire house booming with the sounds of The Nutcracker symphony and no one can stop me. My house is distant from the neighbors, just adjacent to woods and a vast landscape of forsythia, boxwoods, and magnolia trees, dotted with big ass ash trees and oak that I planted when I moved here 7 years ago.

Because of pent up energy and a seething rage inside of me, I’m always on the look out for new enemies. Often times, they are my neighbors, other times one or two fuckheads here on the site. But I always need someone to destroy and digitally maim — because I’m incorrigible really — shocked and surprised I am still married.

Futures are way the fuck higher and “The Fly” is a financial super hero — destined for great things — monetary victories for the ages. Some think it’s misguided to worship upon the altar of money and view the pursuit of it intensely evil and wrong. Fuck those people. They’re only saying that because they’re broke.

Wall Street is very fickle and trendy. When a trade works, fuckers dive into similar strategies in an effort to repeat their success. We’ve seen this happen in cannabis, blockchain, biotech, Chinese burritos, and any number of hot sectors running hot due to nothing but the mood.

Enter JMIA — ‘The African Amazon.’

The gains enjoyed in this stock happened so fast and with ease, it has replenished the coffers of many trader/degenerates trading fast and reckless. Those proceeds will not roll into PG or CLX, but into other fast sectors and stocks. I suspect the new trade will be recent IPOs. I’ve got screens running inside Exodus and have already nailed a few of these trades — presently betting on TUFN, VIOT and GSKY. There are others, mind you, and I am prepared to search for them until my eyes bleed.

The trade is simple. Find recent IPOs trading near 52 week highs and buy the fuck out of them.

Nothing can stop us now. Markets are calmly breezing thru the rarefied air of risk and I exercised my discretion to increase my exposure to said risk, thru the purchases of VIOT, GSKY, and LASR. Granted, these are all stocks worthy of the trash can; but I intend to make treasure out of them and there’s nothing that you or your stupid friends can do about it.

I spent most of my day discussing a full Exodus re-write with a shit-load of new features — all of which with both amuse and amaze you — the Third Estate prattling canaille. Just know and understand, when I finish this project and launch it upon the masses — if you don’t join and become a member — I will find you and punch your jaws loose.

WTI up another 1%, markets are fucking off higher. Notre Dame is in ashes, and “The Fly” is soaring to new highs. That pretty much sums up the day.

The weather is getting warmer and the summer months are almost in grasp. Hedge fund managers and fuck-head “investment advisors” are all going to France this year — to behold and take selfies in front of the charred Notre Dame Cathedral — because it’s the wrong thing to do. After that, they’ll visit Bordeaux or fuck off into Eastern Europe to take more pictures of statues and/or eat pizza in Rome — like the uncultured swine they are, without regrets of sense of self awareness.

Meanwhile, junior at the trading turret will try his best not to fuck up the returns enjoyed during the first half of 2019, an unbelievable year so far — highlighted by a V-shaped recovery in stocks and a surreal continuation of the bull market that began in 2009.

It has been 10 years since the market bottomed. No one thought it was possible — but here we are with markets pressing record highs and all of the bears, filthy and disgusting, in wheeled chairs being tossed into hot burning fires.

Dow futures are higher by 165 and I really do not need to look at the news, or try to understand why stocks are going to careen higher today — just like I wouldn’t inquire as to why a hungry lion ate a zebra. This is what markets do and there is nothing at all that I can say or do to change that.

I like oil and new IPOs at the highs here for more. The “Amazon of Africa”, JMIA — BASED ON GERMANY — continues to soar and even though I think it’s stupid and absurd — who am I to deny it? I can’t and won’t.

This being the last month before asset managers fuck off for France — I suspect the Grande Finale of this glamorous 2019 rally will commence now though first week of May and then tether and taper before junior slips on a slippery bottle of booze and ruins on otherwise sanguine existence.

I had a good day of profit taking, +9% on a doubled sized PHUN and +11% on PUMP. Half of my positions traded lower — but none of which concerned me in the least. I am exercising a bit more patience with them — due to my 35% cash position, and a firm belief that a fantastical rally to cap off April is just around the bend.

It’s awfully disheartening trading inside of a boring market. Often times, tapes like this causes me to make errors — take large bets, or feign myself into thinking a pivot point is imminent. Truth is, you’ll be better served not shoring boring tapes. You may not like it, and you don’t need to buy into it, but you probably shouldn’t short it.

Want to see charts and in depth analysis on the present situation we find ourselves in? How about no? How about you go expand your critical thinking by delving into other subjects? Go read some classics, watch some cinema, enjoy cooking a great meal. Being a great trader, or even a good one, takes more than just understanding finance. It’s psychology more than anything else — having a keen understanding of who you are, your needs, time horizon, and how to execute on a plan without being tricked or fooled or conned.

Today the Cathedral of Notre Dame burned down — tomorrow it’s your fucking stupid portfolio of shit. Get right and understand, you’ll never get rich trading — relegate yourselves to a life of accumulation and thrift — else get wrecked upon the rocks of time.

It has been POMMMPED. I’m out for +11%.

Here’s a screen that tracks stocks that flag overbought — that tend to keep going higher after it reaches such strong technicals.

Those are all 10 days holds and the win rate is upwards of 70% on those stocks breaking higher after flagging OB. I can’t lose, literally. I bought IPHI.

Noting but big ass white candles (BAWC) on this IPO. In for the win — get in my way and I will mow you down like grass.

On Friday of last week I took a floater on PHUN, thinking it would be “fun.” I was amused by the ticker and like a child I bought the stock for whimsical reasons. Shortly thereafter, I was in a hell-storm of losses — as the stock narrowed and plunged lower on non-existent volume. Obstinate and unwilling to take a loss in such a “fun” stock — I doubled down at $7.9, reducing my basis to $8.67.

In the pre-market this morning the stock broke higher and edged towards $11. I didn’t sell it there — because I was greedy and wanted to see if the stock could go higher. After all, why sell a 10% position up 30% before the market opened. Why — I could hold on and perhaps realize 40-100% gains. Anything could happen.

But when the market opened, the stock looked weak and I knew it was foolish of me to bargain with the Gods in the pre-market. I knew I had made a mistake. As a matter of fact, I made a sundry of errors. In the first place, I should never have bought the stock in the first place. The combination of hubris and boredom is a powerful combination.

So I sold it all — and booked a 9% gain on a double sized position. I consider myself lucky.