I’m driving a rental car with Pennsylvania plates on it. Here in Richmond, VA, it’s a tale of two cities: one a disgusting slum filled with ham and eggers. The other part of the city is for the drunken red necks, who possess very little in the way of decorum, like their ancestors.
Whenever someone asks me where I’m from, I point to the plates and say “Gettysburg,” with a smile of course.
Just today I had the pleasure of witnessing a couple having a foul mouthed ruckus, in front of my family of course–southern hospitality at its best.
Speaking of hospitality, I am pleased beyond words to see Carl “give me three seats on your god damn board” Icahn announced a large position in AAPL. For those of you who are young and stupid in this business, read his biography “King Icahn” and understand why Mr. C is the best activist investor who ever lived.
I own shares of AAPL and have been bullish since $400. Going long some AAPL $500’s, DEC, is probably a good gamble here, considering Carl is likely going to oust Tim Cook and punch him in the face.
CREE missed earnings, which is very customary for them to do. The company has horrendous management, despite being in a white hot space. I’d wait for it to dip, then start a position with size.
I had a decent day in the markets, nothing really exciting. In case you’ve forgotten, I have been researching into the biotech sector, with the assistance of a very intelligent doctor, who happens to believe he is a good investor too. Needless to say, he’s been very accurate with his picks and has confirmed that one of my ideas was in fact a good one, taking a position, in for the long haul.
I will reveal said position soon.
Night ya’ll.
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Safe trip, Dr. Fly. Glad to see you talking up some AAPL calls. I would pay money to see Icahn punch Cook out of the company.
PA Plate – “Gettysburg”. A man of my heart. The Jan 500 calls look very attractive, even at 27. Enjoy your trip. I’m sure you’ve been to Monticello before. If not, you would be pleased with the inventions kept though Jefferson’s home.
Is something wrong with CXO ?? Are we still on the countdown to $100 ?
CXO downgraded by UBS from buy to neutral today
Classic UBS nonsense. Give it some time. it’ll come ’round.
The only other reason that’s possible was the drop of IOC. Or something negative has to do with Mexico’s news on oil. Most of CXO peers, found in google finance, also dropped.
Shouldn’t this news push CXO up ?
(News valid at 8:30am August 14, 2013)
http://www.nhc.noaa.gov/gtwo/gtwo_atl_sub.shtml?area1#contents
“1. SURFACE OBSERVATIONS INDICATE THAT AN AREA OF LOW PRESSURE COULD BE
FORMING BETWEEN THE NORTHEASTERN TIP OF HONDURAS AND THE CAYMAN
ISLANDS WHERE THE SHOWER ACTIVITY HAS BECOME CONCENTRATED DURING THE
PAST SEVERAL HOURS. UPPER-LEVEL WINDS ARE FAVORABLE FOR ADDITIONAL
DEVELOPMENT OF THIS DISTURBANCE OVER THE NEXT COUPLE OF DAYS…AS
IT MOVES NORTHWESTWARD AT 10 TO 15 MPH TOWARD THE YUCATAN PENINSULA
AND SOUTHERN GULF OF MEXICO. THIS SYSTEM HAS A MEDIUM CHANCE…50
PERCENT…OF BECOMING A TROPICAL CYCLONE DURING THE NEXT 48
HOURS…AND A HIGH CHANCE…60 PERCENT…OF BECOMING A TROPICAL
CYCLONE DURING THE NEXT 5 DAYS. INTERESTS IN THE YUCATAN PENINSULA
AND THE SOUTHERN GULF OF MEXICO SHOULD MONITOR THE PROGRESS OF THIS
DISTURBANCE.”
Not that anyone gives a shit but I am currently Long IMMR (14.20) and AAPL (488)..that is all..carry on good doctor
Ham & Eggers….
any ideas of a solid entry price for CREE?
was just thinking bout buying some too. Senor Fly ??
I wouldn’t buy today, maybe tomorrow.
I remember staying in Richmond when I was a reporter covering Triple-A baseball back in the 1980s, they had a Triple-A farm team for the Atlanta Braves and the stadium was among the best in the minor leagues. There was an avenue – I can’t recall the name of it – with may statues commemorating the Civil War – the rest of the city was pretty unimpressive. Norfolk, Va., was the other town we also visited on our trip South and that was unimpressive as well, lots of bugs, yuck.
That would be Commonwealth Ave, I believe.
When I lived in Richmond in the nineties, the rednecks were up in arms because the city wanted to put a statue of native son Arthur Ashe on that row.
They seemed disturbed that he was evidently not present at Gettysburg or any other War of Northern Agression battle site.
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Monument Ave
They ended up putting up the statue by the way, and it was very low quality, unfortunately. In the end, it was aesthetics that lost.
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I remember that story about Ashe; I always considered him tennis’ version of Jackie Robinson.
He was a very good man. His legacy should not have been besmirched by that silly controversy…. or by that hideous statue.
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Mr. Gint, any new thoughts on gold or the miners? Has your thesis remained the same? Any plans for a blog update?
Soon.
$1350 is the magic number. Look for a headfake here.
Building a position in NUGT since high $4’s. Not been easy.
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