The Squeeze is Back; Miners in Play

The short squeeze is back on after Robinhood folded a little and permitted plebs to buy. There are a lot of narratives being tossed around this morning but I want to make something indelibly clear to the readers of IBC.

THE EASY MONEY has been made in the squeezes. The writing is on the wall. I’d avoid those stocks like the plague. It simply isn’t worth it, being a revolutionary and all like a retard whilst trading stocks. My only goal is to make money, not to destroy the financial system as we know it.

Having said that, I am seeing a trend in metals today, especially junior miners. Also, DOGE coin has a surreal run last night and both BTC and ETH are taking off.

On this Friday, you want to be long crypto derivative stocks and miners. Avoid GME, AMC, BBBY like the plague, imo.

Whilst the plebs got fleeced for their coin today, Le Fly made a pivot and rejoined the league of gentlemen in the market place — good tax evading citizens who enjoy pulling strings and favors for profit.

I had entered today a revolutionary and left as a freemason performing ritualistic murders in order to satiate the thirst of the stock gods. I had BBBY, UVXY and other obstacles in my way and carried losses of 2% unit 3:30pm until I performed magnificent acts of magic and traded in and out, in and out, in and out of XYZ, ABC, and 123 until I closed the session +200bps.

Gentlemen of the internets, I stand before you a victorious man, a god even. My trades are not for ordinary citizenry and can only be accessed aboard my pirate frigate inside Exodus. But I will tell you, my winning is without end and my methods are almost flawless.

Case in point, I sold BRN late in the afternoon from 2.4 to 2.9 and was pleased with myself until it ran to $6.5 inside of 10 mins of my sale. These are my problems, being timely enough to take a bathroom break before doubling of my shares.

Alas, I will try better tomorrow.

Fascinating tape. The past week unchecked populism made heavily shorted stock soar — because some people online colluded together to inflict damage unto big finance. The idea that these people could win is equal to thinking QANON was going to overthrow the US govt.

Listen to me now: the high probability trade is to always bet on status quo. If you are still long the heavily shorted stock trade — sell them now. I say this in order to protect you from further damage.

This is like David vs Goliath — true. But they took David’s slingshot away and Goliath is going to stomp him out into dust.

The past week SAAS stocks and ordinary growth names underperformed because funds liquidated ordinary stocks to defend their shorts. Now the opposite is occurring. Therefore, if we are reading the tea leaves correctly, get long SAAS and other big cap growth and avoid the big short plays. If you’re looking for speculation, look towards gold, silver and cryptos. The crypto derivative plays like BTBT, CAN, and EQOS are soaring and I would not be surprised to see BTC-ETH rip higher, as people become disgusted by the financial censorship, as big finance dictates the direction of the market via force.

I thought I’ve seen it all — but this takes the crown. Last night big tech was fucking with Wall Street Bets, disrupting the platform, removing them from existence on Discord, temporarily removing them from Reddit, and today the online brokers, in unison, outright block the purchase of stock and options in a numbers of names — not surprisingly the ones heavily shorted. The boys from the Hamptons and Greenwich win again — just like I told you would happen — but in a manner that is so brazen I feel sick even talking about it.

Statement from IBKR:

“As of midday yesterday, (1/27/2021) Interactive Brokers has put AMC, BB, EXPR, GME, and KOSS option trading into liquidation only due to the extraordinary volatility in the markets. In addition, long stock positions will require 100% margin and short stock positions will require 300% margin until further notice. We do not believe this situation will subside until the exchanges and regulators halt or put certain symbols into liquidation only. We will continue to monitor market conditions and may add or remove symbols as may be warranted.”

Robinhood:

“We continuously monitor the markets and make changes where necessary. In light of recent volatility, we are restricting transactions for certain securities to position closing only, including $AMC, $BB, $BBBY, $EXPR, $GME, $KOSS, $NAKD and $NOK. We also raised margin requirements for certain securities.”

There is no question, these companies have colluded with big finance. If it were not for the fact that Steve Cohen and others were losing billions in the epic GME short squeeze — we would not be talking about this today.

As such, I took my ball and went home, liquidated my entire trading account — down 87bps. My other accounts are all up 150bps — because they’re market performing with the ordinary stocks most owned by hedge funds and advisors. It was a mistake to believe the system could be broken. They own the keys to the city and if you don’t like it — BUILD YOUR OWN GLOBAL BANKING SYSTEM AND STOCK MARKET, plebs.

“You Can Close Out Your Position On This Stock, But You Can Not Purchase Additional Shares”

Rough crowd on Twitter tonight.Hey stock jockeys keep bringing it

— Steven Cohen (@StevenACohen2) January 27, 2021

Now get back to work and till those fields.

Let the people trade.

— Robinhood (@RobinhoodApp) March 23, 2016

UPDATE: GME has reversed and it now +45 to $393. lol

I told you the slavers always win. You pleb there, you with all of that money. Put it back and go back to tilling the fields. You’re not supposed to drink claret and do what we slavers do. You should be in the fields tilling the fields and sweating and making new babies to till the fields for my sons.

The popular forum behind the short squeezes in GME, BBBY and others is under attack, as hedge funds and establishment media pressure the SEC to stop them. As such, Discord banned them and now their Reddit is down, now on invite only. But I suspect they’ll ban it too.

See plebs, build your own internet and global fiber networks. You’ll need to build your own global banking centers too. These are private companies, see. They can do as they like.

As such, shares of GME, BBBY and all of the meme stocks are careening lower.

It’s over.

UPDATE: Reddit WSB is back up. Their statement on Discord ban.

WSB STATEMENT ON DISCORD TAKEDOWN pic.twitter.com/W1ToBGwwn3

— The_Real_Fly (@The_Real_Fly) January 28, 2021

I’ve never seen this before. The trader revolt has spread from GME to anything heavily shorted. Pededstrian names that were shorted for hedges are now exploding with vigor to the upside. People selling naked calls into the frenzy are now met with murderous margin clerks. This will continue until something breaks. The propagandists at CNBC are already calling for action amongst regulatory bodies to stop the madness. Why — the short squeeze in BBBY and GME is causing good pensions to lose their coin in AAPL and MSFT.

The losses in the general market deepened as the day grew old and 3pm margin liquidations became tangible. The Dow was fucked for 630, NASDAQ 260 and all of your favorite financial advisors are telling you that something must be done — because it’s only they who can rig prices with their upgrades and downgrades and media mouthpieces — newsletters that are financed by hedge funds — front-running market moving tweets. Fuck these people and everything they stand for. I was in their world for 18 years and left because I was disgusted by it. While I do not think GME at $340 is deep fucking value, I applaud the revolt and breaking of their system — because it’s fixed in a certain way to ingratiate those with resources. Now with the playing field tilted in the other direction and ordinary stocks liquidated en masse to finance their short debacles, they’re in panic mode and will do everything they can to stop this.

While it lasts, cheers.

I permitted the market to breathe without me for a duration of 3 hours and now I am back sailing the seas in search of plunder.

My intent is to find weak vessels that have treasure and take it. Heavily shorted stocks are easy pickings. Look at BB and KOSS and AMC — all joining the GME frenzy up massively for the day. Gains of 200% are commonplace now — because establishment finance have been uprooted.

Yes this all feels very good. But if I have ever learned anything in all of my years on this earth it is this: the plebs never win. The most likely outcome is a raping prison for some people who hurt our beloved hedge funds. I do not advocate it — but it’s just the way it is. You are now messing with the crown jewel of Empire Americana and the people who provide the devils in DC with money are being thrashed about the face, tied to a gibbet now.

I don’t know when it will happen — but an event will occur, something insidious, and all this joyous riot will cease and we’ll be back to reading 13-d filings again and fearing the Muddy Waters tweets — hating all of it for its stupidity.

I liquidated my entire trading account, having sold some way too soon — FIZZ for example. Missing out on AMC’s 200% move hurts and of course not owning GME as it hit $360 stings. But it’s over.

The NASDAQ is swan diving now, lower by 250 — because funds are liquidating all in order to accommodate for the carnage in their shorts. TR is up 50% for Christ’s sake. I might get back in later. But for now, I’m out.

I was down in my long term and quantitative account, but roared +5.7% in my trading due to my positioning in stocks heavily shorted. I ended the session on margin, fully long stocks with more than 25% of their float short. The idea is to inflict maximum pain unto those who deserve it. I will of course cede this line of thought should the trend reverse. Being that I am already up 60% for the year, I can afford to play games with the people I hate.

Hatred runs deep and long at House Fly, as my enemies surround my gates I will unleash the dogs of hell on them.

There is nothing going on in this tape now other than to find a hedge fund or short seller that you hate and destroy it. They are not people and deserve to be treated with malice. My intentions are pure and I have always waited for this day to come — so here I am putting my money where my mouth is.

What you are seeing now is a historical short squeeze, the likes we have never seen before. It’s not just GME shooting higher, now up another 68% to 24x book. But we are seeing all stocks with large percent of shares in the float short skyrocket.

The notable ones are GME (+68%) OSTK (+32%), VIR (+43%), BLNK (+35%), WKHS (+31%), BBBY (+22%), NKLA (+20%), BYND (+21%) and it goes on and on and on. I have 45 stocks up more than 7% on heavy volume, all heavily short.

I suspect this trend will continue — as plebs rise up from the deepest crevices of Reddit and other venues to slay their masters. The slavers are running for cover and do not know what to do.

This headline yesterday exacerbated the already frenzied move:

Citadel, Point72 to Invest $2.75 Billion Into Melvin Capital Management

That’s right. Hedge funds are already bailing themselves out due to the rise in GME. So the idea here is — run up these stocks as far as they can go in order to inflict maximum damage to the fuckers who have fucked everyone else for as long as we could remember.

I am long all short squeeze plays, +4.7% for the session.