5th Circuit Court of Appeals overturns the lower court dismissal in the Atlas Trading pump and dump scam case.

COST mispriced two different gold bars (pricing them $200 under spot) and I took advantage and bought four. Let's see if they cancel my order or if I made $800 in arbitrage profits 🤫

Another day, another China dump, this time of #$DLXY Delixy Holdings Limited. It dropped from $6.70 to $1.00 in just a few minutes of trading. Note the 560k volume bar at 10:03am: this was when insiders dumped their shares.

One problem with vibe coding is you don't know what you don't know. I cut my Azure costs by 2/3 this month just by reducing the verbosity of my logging and it looks like I can easily cut it another 2/3. Still, even at $30/month this was a minimal cost for programs that make me thousands a month.

T1 News halts for #$QMMM and #$SBD were changed to Q10 SEC suspensions this morning -- after 10 business days the stocks will resume trading. It is insanely rare to see SEC suspend listed stocks OThttps://www.sec.gov/files/litigation/suspensions/2025/34-104113.pdf www.sec.gov/files/litiga...

I continue to be a huge fan of Daniel Schneeberger aka Sheep of Wall Street on the hellsite. This is almost your last chance to invest with him -- he said he is likely to close the fund for good in H1 2026 His AUM is up to $696m now & the fund is +21.4% ytd x.com/Biohazard3737

$SPY hanging in at 666 pre-rapture. Good luck everyone. 🔥😈

Another China pump dumped today on the Nasdaq: #$CURX IPO'd on 8/25/2025: 3.75m shares at $4.00, slowly went up to $8.80 on likely wash trading and dumped right after suckers were sold into at ~11:10am (in 11 minutes more than the public float traded hands). The stock then dropped to under $2.00

This is a rare bad take from Quantian: Of course the one big successful terrorist attack would skew the data. The author did include 9/11 in a different chart. Best would be to look at number of terror attacks with at least one death but the author doesn't provide # of attacks only total dead. 1/2

If you haven't gotten your updated COVID vaccine by now, book an appointment fast before next week's ACIP meeting. After that, you might not be able to get one. I plan on getting mine this weekend if I possibly can. arstechnica.com/health/2025/...

Wow. Great speed on this indictment of #$OST Co-CEO for this China pump and dump. Great details about how the fraud worked. www.justice.gov/opa/pr/co-ce...

This understates the problem. Quality matcha is up well over 100% in the last year.

Foraged my first Destroying Angel today ☺️. Anyone in the mood for a mushroom tart?

#$WOLF Wolfspeed is one of the more interesting opportunities in the market now. They just got their bankruptcy plan approved so it should go effective in 2 to 3 weeks. At $1.55 the stock is about triple my best case estimation of value. 1/4 seekingalpha.com/article/4798...

If you've been using a 📌 emoji to bookmark posts, @rafael.my and @samuel.bsky.team cooked up a special tool you can use to migrate them to your Saved Posts. Try it here: pin2saved.vercel.app

The next China dump: #$QMMM -- already been dumped once before in November 2024 and now manipulated higher on wash trading. Get ready for the next dump. Don't short unless you can withstand a move to $100.

#$MEHCQ 23andMe liquidation analysis was published on the docket -- seems correctly priced by the market here. Base case has $100m left over to distribute to public equity and there are 25m common and 2m B shares, so ~$3.70 per share restructuring.ra.kroll.com/23andme/Home... (PDF)

Get JB Pritzker on Zepbound or Wegovy and he becomes President in a landslide in 2028.

Some really important clarity — insofar as clarity exists — to simple questions here: Can anyone get a Covid shot if they want one? And if not, why not? Via @matthewherper.bsky.social www.statnews.com/2025/09/04/c...

PR from last night: Diveroli Investment Group Files 13D on Wheeler REIT, Highlights Major Value Disconnect in Grocery-Anchored Portfolio I was going to email them and tell them not to be idiots but then my friend told me who they are (likely the kid of the one and only WAR DOG Efraim Diveroli

Stop acting like low-volume Kalshi contracts mean anything. Under $482k total $ volume in this contract. I could push the odds up to 38% by myself by buying $500k worth

My favorite charts are those when news hits -- particularly with non-newswire news. #$FLYY filed BK at 16:01:32; I assume Bbg/Eikon/DJ had it shortly thereafter -- Bbg before the others. Octus alerted at 16:07. There was still easy money to be made shorting after them. Company PR was at 16:13.

I could and should write a book just on trades like #$EPIX today -- they are incredibly rare but perfectly encapsulate how much traders herd rather than looking at the obvious info in front of them. Basically, the company misstated the due-bill details of the dividend in their PR 10 days ago.

Not only has Jamelle made me woke he (and @dieworkwear.bsky.social) have made me care about men's fashion. Is a Madras sport jacket one step too far?

Reason #473 why I hate #$IBKR: price caps on illiquid stocks. The price cap on just-filed-bankruptcy #$MODV in the overnight market is preventing me from making free money shorting at $1.50. I could probably get it removed in 10 minutes on the phone but is it worth it to fill a few hundred shares?

"There’s a feeling of emptiness in my stomach, and shame. I keep questioning my judgment and remembering how I felt when the rug was pulled from under my feet” Brutal pump n dump wave in US markets on.ft.com/4mm3MSv

#$CRE Another China WhatsApp pump and dump today. Note the big volume in two short bursts of ~5 minutes each and the dump on almost no volume afterhours. The volume spikes were the suckers buying and then the stock dropped once the scammers pulled their bids. I estimate $28m in illicit proceeds

In one year Elon Musk will have killed more people than Pol Pot and all the Khmer Rouge

I wrote another book & I'm very excited (& nervous) for it to be released into the world: www.penguinrandomhouse.com/books/714593...

Rule #17: If you're going to panic, be the first to panic. Take all the liquidity and move the stock. Others will panic too so your quickest fills will be your best.

SEC finally rules on Alpine Securities' appeal of National Securities Clearing Corporation actions requiring a lot of margin for dealing in low-priced stocks. SEC rules that they have no jurisdiction to overturn the NSCC rules because they were not targeted at Alpine www.sec.gov/files/litiga...

SEC finally won a judgment against Guy Gentile / Suretrader for operating an unregistered broker while marketing to US residents (while operating out of the Bahamas). Suretrader is defunct but Gentile is liable for $15.5 million in disgorgement and penalties.

Today in China pump and dumps, #$PHH dropped from $41 to $3 on no news. You can see that the whole move from $5 to $40 over the last 4 months was on oddly consistent volume. The vast majority of this volume was almost certainly wash-trading by the scammers.

We need a way to automatically block repetitive, lame jokes here

You’re not short enough dollars.

The US dollar has suffered its worst first half of the year since 1973 (and the weakest showing over any six-month period since 2009) - @iankmsmith.ft.com rpts www.ft.com/content/59c0...

Get away from me peasants. I should be pure upperclass but putting foie gras on a burger is dumb (simply seared with something crunchy is ideal) and gold leaf is dumber.

EURUSD with a breakout over $1.17. Everyday Mad Donny makes us poorer.

Lawsuit docket: www.courtlistener.com/docket/70614... Complaint: storage.courtlistener.com/recap/gov.us... (pdf)

Wolfspeed #$WOLF signed an RSA with most of its creditors and after it signs a few more it will file bankruptcy. Old equity holders will get 3% to 5% of new equity. Stock is NYSE and NYSE likes to halt and delist immediately on BK -- but BK hasn't been filed yet. 1/2

IB fucking price capping my orders even in the overnight market. OMG. Their stupid price caps make it impossible to trade fast-moving or illiquid stocks.

Want to go to southeast Sweden or the island of Bornholme? Stop and stay at Vyn by Daniel Berlin -- you can have a delicious homey breakfast and lunch there and a fancy dinner that is one of the best in the world. It is also a short walk from the Baltic Sea.

The reason why we went to Barcelona: to eat at an old friend's new restaurant, âme. They bill themselves as offering mediterranean ingredients with a French soul. Pachi is chef and owner; if you visit, tell him I sent you. It is a small, intimate restaurant away from central Barcelona

First night in Barcelona, *** Michelin star Abac. I've seen some really positive and incredibly negative reviews so I was a little concerned but the food was great. The sommelier was excellent and did a great job picking out a wine and their wine list was extensive and not expensive

More Barcelona food: the local institution Estimar. They focus on fresh seafood simply prepared. A little pricey but everything was delicious. I love barnacles now.

Skipping ahead to Barcelona and the last pretentious meal we had: Bar Canete. What kind of tapas bar requires you to book days in advance? A damn good one. Simple long bar in front of the kitchen, great service, and delicious food. The ceviche was the best I've ever had.

Back to European food for the weekend -- a little tardy. 1st up: Alchemist in Copenhagen. This is not a restaurant but a crazy experience. Dinner lasted 6 hours. So many dishes I can't begin to describe them all. The menu itself is crazy

Great analyst job opportunity: Jacob Ma-Weaver's Cable Car Capital is hiring in San Francisco: www.cablecarcapital.com/analyst.pdf (PDF) I always say that I want to be like Jacob when I grow up. Fun fact: he made some good money doing REAL arb at the beginning of the Russian invasion of Ukraine.

Back in the states and I must once again stan for Lane Regan (fka Iliana Regan), formerly of Elizabeth Restaurant in Chicago (1 Michelin star for a few years). Lane now resides in the Upper Pensinsula of Michigan in the middle of the Hiawatha National Forest. Book a weekend there and you come in

The sole criteria I will be voting on in the 2028 primary is which candidate credibly promises to put the largest number of Trump officials in prison. I do not care about any of their other policies.