Three Reasons Why I Am Long $IMMR

I hate titles like the one I just published, which was done on purpose to appeal to the weak minded “reader class.”

Here goes.

The new Samsung watch may have haptics in it and may represent a new revenue source.

The new playsatation by Sony, if enabled with hapitcs, represents a brand new revenue opportunity, as their licensing deal was for pstation 1-3. In other words, this is where IMMR cleans house.

The spectre of an AAPL deal is not a foregone conclusion. As of now, AAPL does not use haptics in their devices. Big mistake.

As an aside, IMMR does have a $19 million share buyback in place and a current lawsuit against HTC, which will begin during mid-2014. Their deal with Microsoft was done early, so there isn’t a royalty opportunity with Redmond. However, they will make money off the peripheral makers (controllers).

None of the above is baked into the 2014 numbers. I believe there will be material upside surprises, which is why I am long and continue to add to my position.

I am sure you’ve noticed by now, the good folks over at iBankCoin have taken draconian measures on the site, designed to prevent perverts and miscreants from entering our halls. We say “no” to them every single time.

Secondly, the market is milquetoast, but I am not. I am punching your face in with as much energy and ferocity, as if the market were up 1,000.

Thirdly, there isn’t any debate, concerning where the market will eventually go. It is going higher, even though our President is as dumb as a bag of nerds (the candy).

The S&P 500 was down a staggering 2.7% for the month of August. Although a great many of you were left disheveled, bereft of common decency and wealth, “The Fly” ended in the high +30% range for the year. Bet against bonds all you like, even bet against munis; but never bet against “The Fly”–for he will kill you where you stand, leaving your skeleton for the buzzards and the jackals to prey upon.

I am 125% long and +1.9% for the day. That is who I am, pal.

The market sold off because that tanned guy, John Boehner, said he supports the President and wants to bomb Syria. We are living in a bizarro land, where the logical is rejected, in favor for the insane.

I knew the rally would be sold, judging by the impotent tone it possessed early this morning. Now the bears are having their day, eating steaks and drinking fine wines.

In short, the republican leader is bought and paid for by someone who tells Obama to do things. Unfortunately, the will of the people is being ignored by both parties and our beloved elected officials have decided they know better.

With war, I expect TLT to go up from here. However, nothing is written in stone.

Disgraceful.

Who the hell is buying this rally, with bonds getting cremated like this? TLT is down a hard $2 this morning and no one seems to be concerned about that. See, it’s not the fact that rates are going higher– but the manner in which it’s happening. I don’t like it, not one bit.

The rally is much less than I had anticipated. I envisioned deformed men, stuffing whole biscuits in their mouths, while executing market orders for their favorite stocks: gluttony. Instead, we are getting birds, pecking away at the market, defecating on it when they’re done.

As of now, I’ve made back half of Friday’s losses. More than that, we are slowly but surely weakening. It’s getting dicey out there.

The good news is Japan. The NIKKEI soared last night, which bodes well for stocks like MTU, NMR and WETF here. It might be a good time to get back into Japan.

All in all, the market is higher, so I’m happy about that. However, I don’t like the tone and wouldn’t be surprised if we sold off throughout the day.

Nevertheless, I am 125% long.

NOTE: We’re stepped up our security around the comments section, fencing out the degenerates and perverts. As such, in order to comment, you will need to register to iBankCoin. It’s free, so chill.

It was a very long weekend, book-ended by seafood banquets and central American cigars. Our graceful Commander in Chief, Barracks Obomba, gifted the Syrian regime with mercy– and has put the US congress in charge of declaring war. Being that the congress is unable to pass simple items, like the farm bill; suffice it to say, the market isn’t going to be plagued by the specter of yet another world war any time soon.

I don’t care if our President is evil or stupid. As long as the stock market trades higher, I am content. Plus anyway, the label “evil” is very subjective, which can be applied to just about any of you.

I am hoping to take back what I lost on Friday, which shouldn’t be an issue–considering SPY futs are +15.

If I had some coin to put to work and wasn’t such a degenerate, leveraged at 125%, I’d look at heavily shorted stocks that are down more than 10% over the past two weeks.

Here are some names, courtesy of The PPT

ONE, NES, P, ARO, PRKR, SCTY,LXK, BKS and HIBB.

PPT members can access this screen, here.

In closing, yes, The PPT closed OVERSOLD on Friday. It’s a time machine, god damn it.

Gentlemen (ladies aren’t permitted to read iBC after 8pm, as their duties of minding the dinner plates and washing the children are priority), prepare for gluttony.

NOTE: For PPT members only, the September seasonality report is out.

NOTE II: We’ve put up some serious comment spam filters and it is blocking all comments coming from the iBC iPhone app. If you are having trouble leaving a comment, email me: flybroker at gmail.com

http://www.youtube.com/watch?v=sFL42VuObI0

The good news is Obama doesn’t know what he’s doing. Therefore, war is not imminent. I believe he is trying to worm his way out of the whole mess, by blaming congress for being ‘cowards.’

The bad news is uncertainty will plague the markets for the next week, until congress votes down Obama’s war.

I expect a lift on Tuesday, only to be checked later by people who are afraid to hold through the congressional war vote.

In other words, these stupid bastards will hold the market hostage for the next two weeks.

The market is down just 15 points now, but a staggering 80% of stocks are lower today. That’s right, 80% of stocks are down. This is like a down 250 points day. Yet, here we are, cordially, down 15.

I am being lit up today, giving back most of yesterday’s gains. It’s days like this that remind you how tedious this business is. I am sure when you passed your series 7 exam, you figured you’d land Gordon Gekko as a client and you too would being living in a penthouse apartment on the upper west side. Instead, you’re just a jackass.

Ask me why IMMR and YELP are lower today, but ANGI and TRLA are up. Who knows!? The market moves in mysterious ways, under the black clouds of hurt.

I actually added to my leverage today, buying more GOGO. So, my exposure to the long side is nothing less than comical, considering the fact that our Warlord is teeing up Syria for a swing.

Maybe people embrace the machismo of The Obama, as he launches cruise missiles from a luxe golf course.

This market is, seemingly, going to hell in the hand basket and I am in the front seat, along for the ride.

NOTE: For those of you just tuning in now, After Hour’s with The Option Addict is now live. Webinar’s begin at 4:30.

http://www.youtube.com/watch?v=LGWmD7S6Ask

I added to my GOGO position.

I cannot believe what I just heard come out of the big mouth of John Kerry. In summary, Assad is evil and we have no choice but to attack him because Obama said he’d slap the shit out of him, if they happened to use chemical weapons.

So, let’s wrap this puppy up.

We are going to attack Syria, even though 9% of American’s agree with this course of action. More importantly, Congress has decided it doesn’t need to discuss this important matter, even though it might provoke Russia into a ‘fag-box‘ that it doesn’t want to be placed in, incidentally causing WW3.

Where are the pot smoking, patchouli wearing liberal anti-war protestors?

Does anyone else find it ironic that Obama and Kerry are presiding over a new war, due to WMDs, absent a threat to the American people, a la Bush?

THIS IS ABSURD, comedic and tragic.

We don’t have a say and our country has been hijacked by maniacs.

The markets have favored this course of action; because war is bullish for stocks.

We’re fucked.