Bed Bath & Beyond is on a tear - technical indicators are lining up for a major swing up! The Q4 bull run is here and $BBBY is at the forefront - tell your college buddies to join the fun :D

Sold half my Tesla shares to send ammunition to the frontlines… gunna keep throwing bodies at this one until we breach their defences.

Hello ladies and gentlemen!

Long time no speak. So, what is my trade for the Q4, you might ask? Bed Bath & Beyond 🚀 $BBBY

Have fun investing and trading 🤠

The markets have been in a tumble these past few days for valid reasons, however the pessimism has broadly hurt healthy areas of the market that represent a Peter Lynch bargain buying spree! As such, I will be rotating out of my shorts and using my available cash to buy some shares in stocks that look oversold, with my weighted chariot being Curiosity Stream $CURI

Curiosity Stream is a documentary streaming service, which includes Nebula, a more sophisticated platform for YouTube video documentary creators, with over 20 million subscribers. To put in perspective, Netflix has 200 million subscribers. The main reason for purchasing $CURI is due to a potential buyout by Netflix, since Netflix really only has 2 options to gain back subscribers: either spend billions on new content, which they are, or acquire new subscribers, which Curiosity Stream represent 10% of their existing subscriber base! Since documentaries cost significantly less to make than film and television, and the fact Nebula is a direct competitor to YouTube, I suspect Netflix to acquire Curiosity Stream sooner rather than later.

An interesting take over play 🦎

Happy trading and investing 🤠

Bob

Looks like the old adage “don’t fight the Fed” is playing out in the markets this September.

Important to note, as the US 10 Yr approaches 3.5+%, a lot of pension funds will begin to rotate out of equities into more secure assets classes, meaning the ones holding the bag of steaming shit are going to be the retail traders, which make up like 25% of the volume nowadays.

There isn’t much we can do besides learn to trade iceberg orders. Overall though, my biggest fear in the market, besides a good old fashioned panic, is the knock on effect of these droughts, especially regarding hydropower and how that effects energy prices, and of course, inflation, with a particular focus on Chinese manufacturing, European electricity production, and American consumption.

I don’t think this is a drill, people. I’m cautiously pessimistic.

Bob

Woah! Certainly missed out on this recent bull trap! Classic… whenever I exit 80% into cash, the market rallies into a fly trap.

Hope everyone is enjoying their August like every other long-only fund manager on holiday haha nobody is at the steering wheel and the Algos (or Lagos) are designed to find optimism - even as low as technical analysis haha

Anyway, I’ll never trump on someone’s calling card, but summer is coming to an end now, managers are returning to the office, the newspaper isn’t a cup holder anymore (sadly), so I think we’re about to enter a serious sell off to lock in this quarters profits as we head into an obvious rate hike and flaring tensions with China.

Damn, thank god for stop losses because $ZVO got tanked by a Ukrainian drone grenade!

Pelosi's tea party in Taiwan has created a wedge between Xi and Biden. The clueless bat should’ve said from the beginning she was going to Taiwan backed by the rhetoric they’re using now, rather than disobey orders by Mr President and the Manly Military in order to secure her legacy in the history books as an American feminist pioneer - what else can you do as an 82-years old politician in a country that couldn’t elect a female against the worst President in history?

Oh well, this fella makes a decent point about the Taiwanese Strait - China doesn’t necessarily need to invade Taiwan to blockade (or more likely slowdown) the export of semiconductors as long as they continue to carry out live-fire military drills near their ports and shipping lanes.

80% cash 😑 bored outa mind mind 🤪 enjoy your August fellas 🏖

Happy investing & trading 😎

Bob

Dear ladies and gentlemen, looks like my Tesla shorts are being squeezed! Unfortunately, we are entering a recession of the lower and middle classes, meaning people are going to be going back to school to re-skill and try earn a remote salary, hence why I bought back shares of Zovio.

Good luck everyone and happy investing and trading 😎

Bob

Ray’s best point as of recent is bringing up the potential scenario that neither side accepts losing the 2024 US election...

I’m still astonished how many people couldn’t comprehend the concept of inflation despite printing a WWII deficit without a single bullet being fired and central banks clearly tripling down on the monetary problem. At the same time though, I was surprised 74 million Americans voted for Trump in the 2020 US election.

If the Fed is going to raise rates as much as possible to halt inflation during the early inflationary benefits of a recession, that being less demand for high commodity prices, which we’re already seeing, and then less consumer spending, which will likely happen this winter, especially in Europe, with the sole purpose to lower rates again during the heat of a depression, like 1.5-2 years from now, then why wouldn’t they raise rates close to 5% in the near term?

Zeihan mentions that North America - US, Canada, and Mexico - are close to par with China in terms of manufacturing. So, one tweak solution is to really free up the NAFTA agreement, which will face political headwinds, even in today’s environment with Biden and Trudeau.

Economies are going to become more regional, mainly for national security reasons, which means the cost of doing business is going to be persistently high in the medium to long term, until the logistics of doing business closer to home and automation, etc. catch up over the next decade or so.

The other issue nobody is talking about in the markets is the Democrats are likely going to lose the House, so the US will likely be entering another Congressional gridlock at the cost of the Republicans trying to win the 2024 election. Essentially, the next two years is about self sabotaging the US economy and blame Biden

Plain and simple… most people are barely break even on Tesla stock over a 3 year period, whilst entering a recession with little monetary tools other than to raise rates to combat inflation. Someone once said that Bitcoin’s fair value is $15k based on central bank liquidity, and Tesla’s fair value is $100 based on competition. Additionally, Tesla is heavily reliant on weakening Chinese demand, without the onset of increasing geopolitical tensions with the US, and Elon’s behaviour is being tested by the legal system, after a growing trend of insider trading allegations against public officials.

In my opinion, the stock is worth the buyback at around $580, if you’re into surfing. My short allocation is small, yet when I see an opportunity to either go short or stay out of the market for a few weeks, I’ve learned it’s better to go short.

Good luck everyone and happy trading 😎