I added to my GOGO position above $14. Am I crazy?
Perhaps.
But I believe the stock is worth more than its current price. Therefore, my old adage applies here: the best time to buy a winner is anytime.
Due to the run up, GOGO is almost my largest position.
Comments »Conventional wisdom says “lighten up here” following a fantastic run. However, at least for me, this time is different. My gains are not just outsized, but pornographic. Right out the gates, I am up another 1% this morning and already missing my leverage.
We are overdue a pullback, but so what?
My IMMR has 7 points of upside from current levels and GOGO is going to its IPO price of $17, minimum, over the next 3 months–if not sooner. I have some solid ideas and, thanks to recent gains, can afford to be patient and absorb losses.
I am sure many of you are in the same wagon, as bull markets makes geniuses of us all.
For the record, The PPT has NOT flagged an overbought signal, since calling the bottom, to the exact day, on 8/27/13.
Momentum is here and the sellers are gone. This is not the time to sell. Instead, it’s time evaluate ideas that haven’t run yet.
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MOSCOW — RECENT events surrounding Syria have prompted me to speak directly to the American people and their political leaders. It is important to do so at a time of insufficient communication between our societies.
Relations between us have passed through different stages. We stood against each other during the cold war. But we were also allies once, and defeated the Nazis together. The universal international organization — the United Nations — was then established to prevent such devastation from ever happening again.
The United Nations’ founders understood that decisions affecting war and peace should happen only by consensus, and with America’s consent the veto by Security Council permanent members was enshrined in the United Nations Charter. The profound wisdom of this has underpinned the stability of international relations for decades.
No one wants the United Nations to suffer the fate of the League of Nations, which collapsed because it lacked real leverage. This is possible if influential countries bypass the United Nations and take military action without Security Council authorization.
The potential strike by the United States against Syria, despite strong opposition from many countries and major political and religious leaders, including the pope, will result in more innocent victims and escalation, potentially spreading the conflict far beyond Syria’s borders. A strike would increase violence and unleash a new wave of terrorism. It could undermine multilateral efforts to resolve the Iranian nuclear problem and the Israeli-Palestinian conflict and further destabilize the Middle East and North Africa. It could throw the entire system of international law and order out of balance.
Syria is not witnessing a battle for democracy, but an armed conflict between government and opposition in a multireligious country. There are few champions of democracy inSyria. But there are more than enough Qaeda fighters and extremists of all stripes battling the government. The United States State Department has designated Al Nusra Front and the Islamic State of Iraq and the Levant, fighting with the opposition, as terrorist organizations. This internal conflict, fueled by foreign weapons supplied to the opposition, is one of the bloodiest in the world.
Mercenaries from Arab countries fighting there, and hundreds of militants from Western countries and even Russia, are an issue of our deep concern. Might they not return to our countries with experience acquired in Syria? After all, after fighting in Libya, extremists moved on to Mali. This threatens us all.
From the outset, Russia has advocated peaceful dialogue enabling Syrians to develop a compromise plan for their own future. We are not protecting the Syrian government, but international law. We need to use the United Nations Security Council and believe that preserving law and order in today’s complex and turbulent world is one of the few ways to keep international relations from sliding into chaos. The law is still the law, and we must follow it whether we like it or not. Under current international law, force is permitted only in self-defense or by the decision of the Security Council. Anything else is unacceptable under the United Nations Charter and would constitute an act of aggression.
No one doubts that poison gas was used in Syria. But there is every reason to believe it was used not by the Syrian Army, but by opposition forces, to provoke intervention by their powerful foreign patrons, who would be siding with the fundamentalists. Reports that militants are preparing another attack — this time against Israel — cannot be ignored.
It is alarming that military intervention in internal conflicts in foreign countries has become commonplace for the United States. Is it in America’s long-term interest? I doubt it. Millions around the world increasingly see America not as a model of democracy but as relying solely on brute force, cobbling coalitions together under the slogan “you’re either with us or against us.”
But force has proved ineffective and pointless. Afghanistan is reeling, and no one can say what will happen after international forces withdraw. Libya is divided into tribes and clans. In Iraq the civil war continues, with dozens killed each day. In the United States, many draw an analogy between Iraq and Syria, and ask why their government would want to repeat recent mistakes.
No matter how targeted the strikes or how sophisticated the weapons, civilian casualties are inevitable, including the elderly and children, whom the strikes are meant to protect.
The world reacts by asking: if you cannot count on international law, then you must find other ways to ensure your security. Thus a growing number of countries seek to acquire weapons of mass destruction. This is logical: if you have the bomb, no one will touch you. We are left with talk of the need to strengthen nonproliferation, when in reality this is being eroded.
We must stop using the language of force and return to the path of civilized diplomatic and political settlement.
A new opportunity to avoid military action has emerged in the past few days. The United States, Russia and all members of the international community must take advantage of the Syrian government’s willingness to place its chemical arsenal under international control for subsequent destruction. Judging by the statements of President Obama, the United States sees this as an alternative to military action.
I welcome the president’s interest in continuing the dialogue with Russia on Syria. We must work together to keep this hope alive, as we agreed to at the Group of 8 meeting in Lough Erne in Northern Ireland in June, and steer the discussion back toward negotiations.
If we can avoid force against Syria, this will improve the atmosphere in international affairs and strengthen mutual trust. It will be our shared success and open the door to cooperation on other critical issues.
My working and personal relationship with President Obama is marked by growing trust. I appreciate this. I carefully studied his address to the nation on Tuesday. And I would rather disagree with a case he made on American exceptionalism, stating that the United States’ policy is “what makes America different. It’s what makes us exceptional.” It is extremely dangerous to encourage people to see themselves as exceptional, whatever the motivation. There are big countries and small countries, rich and poor, those with long democratic traditions and those still finding their way to democracy. Their policies differ, too. We are all different, but when we ask for the Lord’s blessings, we must not forget that God created us equal.
Vladimir V. Putin is the president of Russia.
Over the past three weeks, I’ve made more money than I did for the past two years. I am making between 2-4% every single day, partly thanks to a rising tide, partly thanks to my leverage.
The truth is, I own a time machine. I’ve always had a time machine, ever since I was young. I once stumbled upon it, while playing a game of baseball in the woods of Brooklyn. Ever since then, I’ve been zipping through time like a space alien magician. It’s not your fault for doubting me, since you’re just a pedestrian, part of the “reader class” of iBankCoin.
I’ll let the results speak for themselves.
THE GREATEST STOCK MARKET MELT UP IS UPON US.
Where were you when stocks went up every single day? Did you spend your time wisely? Were you able to change your lives for the better?
These are very serious questions, delivered in a jocular fashion. I want you to think about them and make some changes, if necessary.
Top picks: GOGO, IMMR, POWI
Comments »I can do this all day, Seeking Alpha losers.
I added to my CVV position, because you’re all losers writing hit pieces to manipulate shares.
Comments »I told you GOGO would release its latest technology on 9/11, via Virgin Atlantic conference call. Lo and behold, all of the knee suckers are sucking knees today.
Where are all of the naysayers, the loosers [sic] who step to me when times are hard. Well, times are easy again and “The Fly” is throwing African spears through the hearts of cowards.
This is what is going to happen, to the tee:
On 10/1, GOGO will launch its biggest upgrade in company history, one that will change the way people communicate on planes. Exclusive for iPhone users only, you will be able to place calls and text, in flight. This is an extraordinary convenience for enterprise (business) users.
On 11/1, the second class Android users will share the same luxury.
Mark my words, this is going to be BIG news and people will love the service. After people experience the service, they will want to own the stock. This is a brand in making, like NFLX, AAPL and LULU.
With 16% of the shares sold short, I predict extreme pain and agony for those who are betting against GOGO.
At the time of this post, GOGO was Plutonium Petey’s second largest position, up 15% from cost.
Comments »With the sales of RAS, AMBA, TRLA and some YELP, I’ve eliminated the leverage and gone to a 20% cash position. I pressed the envelope for a long time and made fantastic gains. Now is the time to chill, relax, and watch the monkeys make fools of themselves.
My year to date gains have topped 50% today and I am working on a few new deals. But I will be patient with my purchases, as the market spirals higher, risks increase.
I am surprised to see IMMR down today, following AAPL’s debacle. Understand something, IMMR makes more than 50% of their revenue from Samsung, who is dominating Apple in Asia. Any loss for Apple is a gain for Sammy, and by extension, a gain for IMMR.
My top 3 positions are IMMR, GOGO and POWI.
Comments »I sold out of my RAS position for a 7% win.
UPDATE: I trimmed some YELP and sold out of AMBA.
UPDATE II: I sold out of my 2nd largest position, TRLA, for an 8% gain.
Comments »The genius of S. Jobs continues.
The latest “innovation” at Apple consists of a phone named after breadcrumbs that comes in different colors. The idea was to appeal to the Chinese farmer who is making $700 per year, with a phone that costs $730.
Brilliant!
We all want pastel colors for our phones, as we gallivant throughout town, heading towards theatre and turkish bathhouses.
I’ve determined, after “deep analysis” and careful consideration, that Tim Cook is indeed an android, invented by the late S. Jobs to destroy Apple. He’s the terminator for Apple shareholders and will not leave until his job is complete. He’s the self destruct letter in Inspector Gadget, the time bomb in your favorite horror flick. He is the caretaker at the Overlook Hotel.
The way Steve saw it, if he can’t have Apple, no one will.
As android Cook slugs on, producing small phones, losing market share in China on a daily basis (18% to 5% over the past two years), patience wears thin on Wall Street. I am sure David Einhorn and Carl “give me three seats on your board” Icahn are trilled to see pink phones and 64 bit architecture. Nah, I’m kidding. They probably don’t care about that stuff at all, being that almost every brokerage firm just downgraded Apple for being losers.
As an American with an excellent tax attorney, I am saddened to see the fall of our best company. But all good things, and evil, come to an end. Think about how the Fins feel about their beloved Nokia.
Apple is the new Blackberry, sans the whole demeaning Canada part.
Comments »I was flat today, despite the market being up big. Usually this means I am about to get my head blown off. I scraped some loose change together and bought more CVV today, based solely around the idea that Seeking Alpha authors are an abomination to journalism.
Watch me kill them, in real time.
Other than that, I’m handcuffed, waiting for my position to work.
I may sell YELP, if only to finance other situations. I do feel there is greater upside to be had in GOGO than YELP now, so that’s always an option for me. Everyone on the street is praising China again, which has been predicted for 6 months now, looking at the BDI index. The reason why shipping rates have been going up is due to chinese iron ore demand, which bodes well for our producers here. So all of the China related stocks are bouncing, names like CLF, WLT, JOY and TEX.
I want no part of them, nor any steel or coal stock.
We are in the midst of a technological revolution. “The Fly” doesn’t have time to partake in such frivolities–trading in and out of 19th century industrial names.
I am a high tech man, purveyor of “the best,” which is why I am outperforming every single one of my peers.
The Year of The Fly is upon you. Shut up and listen, for if you don’t, you will most certainly perish.
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