Nothing to Do But Wait

My largest position, IMMR, is getting smashed on a daily basis, ever since their record earnings.

Why?

More sellers than buyers.

For some reason, people tend to sell IMMR when AAPL is going higher, being that they make more than 50% of their revenues from Samsung. There is room for both to grow, in harmony, and IMMR is getting very cheap.

I’m not particularly concerned over the precipitous drop. I’ve chalked it up to “low volume, bad market, bs.” Being that I sold a healthy amount in the mid $14’s and have plenty of cash, I don’t mind the price decline, especially since I feel it’s worth a lot more than $12.95.

The only other stock that I am looking at is FLTX. It’s a great little company, perfect for this environment of absurd gasoline prices.

This is typical summer malaise, mixed with a little taper. Relax and wait for the inflection point. It’s coming soon.