BIG Earnings Day For IMMR

As you know, I pared back some of my IMMR position, but it’s still incredibly overweight. As a matter of fact, it still makes up 20% of my assets, making it one of my largest positions in years. I’ve had others, like WETF, WNR, YELP, FRO, FTK etc. But this is right up there with other big bets. Before yesterday, IMMR was just about my largest position in over a decade, which is why I had to reduce it.

The key driver for the company is royalties via Samsung. We all know Sammy said smartphone sales were a bit sluggish. Perhaps IMMR can make up the temporary lost ground on other fronts? Either way, I am not foaming at the mouth bullish on this particular earnings release. Instead, I love its prospects longer term.

Haptics technology is being adopted everywhere. It’s only a matter of time until this company receives a QCOM-like multiple, circa 1999.

My other earnings play is OPEN. I bought it based off the YELP numbers, and because TRLA left the station without me. If the company is really back on track, it’s going back to $100+ in short order. If they miss, the stock is likely heading back to $55. Either way, it’s not a very large position for me, as I am more focused on YELP, IMMR, POWI and CXO.

My only underperformer is AMBA. I’m a huge fan of the police state and believe AMBA’s technology will assist Homeland Security in locking down America, into a ‘prison planet.’ This is all very boolish for the shares.

If you are a firm believer in the illuminati seizing power and putting everyone under 24 hour surveillance, like me, this is the stock for you.

As for the reason why it’s lower today: more sellers than buyers.