Financial topics

[aeden]

They'll all be destroyed or captured.
The resource maps are clear as they die rent free in others heads.
They will bark until you are out of material, production, and supply.

The Bear market will continue until the concept of woke is dead.
The Bob Bish zones are just starting to crumble.

[Higgenbotham]

** 02-Jun-2022 World View: Smashing bots?

> The futures have gone negative at 4142 with a low of
> 4140. Anything can happen, but this is the kind of reversal that
> can lead to a crash. I think the trap door is open.

> Since the market didn't fall apart over the past 2 days, I think
> the bulls now have a better chance to drive it over 4200.

So Higgie, what are you doing these days? Are you still smashing
bots? Are you still dangerously short? Are you close to losing
everything again? How are things going?

Also, how's your family?

I'm still smashing bots. These are my bot smashings so far today.



I'm not dangerously short now, but likely will be sometime before I lose everything. I had a moderate short at the close Friday that I got out of.

I'd be interested in posting bot smashing ideas but I don't think anybody really does that here or anywhere else, so I haven't tried to.

My family is fine. My daughter is 2 years 5 months and doing well. She doesn't have any indications of autism or any of the other childhood diseases that are epidemic now.

I've had covid and it affected me about like a cold with no long term effects. As posted, I did not get the vax.

It's likely I will lose all my money. The system has been set up so that there will be a few winners and everyone else will lose and that is not likely to change except to get worse.

We are all gamblers now.

[Higgenbotham]

Bot Smashing


SPY The gap down would probably be bought in this case. Getting out in the first 30 minutes is best. As shown, I got out in the first 3 minutes.

APPS The report was likely widely misunderstood as everyone looked at the headline number and the stock was down something like 23% in the first minute of the session 2 days ago. This was a short term buying opportunity and likely will continue to be from time to time, but the opportunity will fade out as things evolve. At some point the stock will either rally hard or fall to a new low. At the close 2 days ago this was the most short term undervalued stock I could find. I did a screen on PE and PEG and there were only 53 comparably priced stocks, mostly energy.

MU This got a downgrade to sell today from one brokerage. It's the only brokerage that has Micron on sell. The downgrade could certainly be valid. In the meantime, the market overreacted (in my opinion) and I bought it for a short term trade. My guess was 8% off the price would be a short term overreaction to this news and where the market is this morning.

[Higgenbotham]

I smashed the bots for $433 today and am done for the day.

[aeden]

3-2-1 NYMEX spread just hit a record high.
The swamp pillow biters are still confused.

[Higgenbotham]

Interest rates are pushing up toward their previous highs.

[aeden]

http://large.stanford.edu/courses/2017/ph241/styles1/
https://info.westinghousenuclear.com/ne ... s-in-china

Popping up like mushrooms.

June 3, 2022 by Westinghouse Electric Company
Major agreement signed with Energoatom to supply all nuclear fuel to the Ukrainian installed fleet
Additional agreement increases planned AP1000 plant fleet from five to nine units.

AP1000 units are nearing completion at the Vogtle site in the United States. Westinghouse AP1000 technology also has been selected for a six-unit project in India, and multiple sites in Central and Eastern Europe including Ukraine, Asia, the United Kingdom and utilities in the United States.

Scalping the sheep and march of the penguins consumers ongoing.

[Higgenbotham]

I did a screen on PE and PEG and there were only 53 comparably priced stocks, mostly energy.

P/E (F1)<=20
P/E (F2)<=10
PEG Ratio<=0.30

This can be done on zacks.com for free.

I saved the screen and 51 stocks come up today. They fall mostly into the following categories:
Foreign stocks
Retail stocks
Financial stocks
Auto stocks
Heavy equipment stocks
Mining stocks
Energy stocks

Digital Turbine (APPS) met these parameters so I put them into the screen to see what would come up. Stocks that fall into these categories are normally cheap so I wouldn't consider any of these other 50 for trades. That made me more inclined to think Digital Turbine was good for a trade, as anybody shopping for stocks would likely see value here. But I wouldn't buy it and hold it because we don't know how low "low" will be as conditions change. Alibaba was a good example of that (mentioned a few months ago).

I was day trading Alibaba last year. I bought it in the low 200s and sold it every time it went up. I knew it was the number one favorite stock of the whales. Then it went a lot higher and I stayed away. Someone asked me why I got out, that it was so obvious Alibaba was heading higher. I replied that it was obvious to me too that it should be heading higher in the long run. Today Alibaba stock is at 144. There's no way I could have told you Alibaba would be at 144 today, not even close. I would have said 300 or higher.

Alibaba bottomed at 73 this year (if that was the bottom).

It's thought that Charlie Munger bought Alibaba for an average of around 180 and it's one of about 4 stocks he owns. Does Charlie Munger really know what he is doing or was he fortunate enough to ride a bull market that lasted his entire adult lifetime? Probably both, but as I've said before, without the gigantic bull market, Warren Buffet would not be "the greatest investor in world history" but just a guy in Omaha who did reasonably well with his investments.

[Higgenbotham]

We are all gamblers now.

Perspective on gambling

To cover all bases, holding US dollars is gambling too because Powell has told you he's going to debase it 2%+ faster than the interest rate on an annual basis, and has stated repeatedly in press conferences that he is very determined to do so.

Nixon's 1971 comment that we are all Keynesians has morphed into we are all speculators (or gamblers if one prefers). It's important that people keep that perspective day to day as they are constantly being told otherwise. I think it's also true that in a speculative environment winnings get distributed much more unevenly than in an investment environment.

The statement "We're all Keynesians now." was attributed to Nixon after he ended the international gold standard in 1971. In doing so, Nixon laid the foundations for the current reality that "We're all gamblers now."

I don't have the same prognosis on my own fate as most gamblers have on theirs. The probability is that I will end up either broke or dead (likely both). I said that years ago. So far, I have survived.

There's less to say about this than there was a year ago. Everything is being systematically destroyed and most people will end up broke, then dead. Most are already broke or quickly heading that way and the death rate is rising and looks to be rising further as far as the eye can see.

So I don't have much to say anymore about any of this.

[Higgenbotham]

If you smash bots for $433 per day but inflation is eroding your savings at greater than $433 per day, then you are going broke. Just to be clear.