The economy grew at an annualized rate of 3.9%. Let that sink in for a second as you look over your short positions.
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I’ll wait (extra Alf).
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On top of that, we are now braced for the easiest year over year holiday sales comps in over a decade. Listen to me, gasoline expenditures are down more than 30% and we are roaring into the year end. Hedge funds are grossly underperforming.
Animal spirits are about to take over (extra Ferguson).
https://www.youtube.com/watch?v=tivCEpNMWsc
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I am watching a livestream (embedded in this blog) of the events and now know the citizens of the United States will never be able to mount any sort of assault against our Government Overlords (extra 3x inverse OG). Between all of these undisciplined agitators stopping to Snapchat and Instagram their exploits and enormous fire power on the side of the police, we, the people, are effectively helpless against the government.
Being a status quo type of guy, this appeals to me. However, it is sort of alarming to see the sheer level of helplessness by a very upset and angered segment of the citizenry.
Naturally, the vast majority of these people have no business being in the street and are no more than common thugs. However you might feel about this verdict, know this: when they manage to take away the last of your guns, you will become fish in a barrel. Let’s hope a benign oligarchy continues to rule our empire and we don’t have to ever face them in the open field.
On a side note, GPRO and TWTR were the big winners tonight.
Over the past 5 weeks, the market has simply drifted higher. Most stocks have gone up; but some have, stubbornly, lagged–like a child walking slow amidst frenzied adults. Nevertheless, “The Fly” is here to expose these children and properly scold them for being so slow. Dare I say, these little rascals are the next ones to go?
Social Media Sector and Subsequent 1 month Returns
SALE -22%
TWTR -19%
TRIP -18%
AWAY -10%
FB -8%
YY -8%
NFLX -7%
P -2%
YELP -1.5%
Ladies and gents, you may simply purchase this entire basket of securities and forget about it. We are in a bulled up market and the short sellers are weak, very weak, like women at the gym. These short sellers do not belong to live amongst men of industry and speculation. They belong in the sewers, with the rats and the cheese.
Despite having an IQ higher than 99% of the known world, if you pick a stock that trades down over the next month, you will be considered a complete idiot. Moreover, if you just started investing and pick a stock that trades up by 20% over the next month, you are better than Carl Icahn. After all, Carl has been losing some money on HLF these days, no?
Remember last year when Bill “Mars Attacks” Ack Ack Ackman was utterly retarded long JCP and short HLF? Or, how about David Einhorn and his boneheaded short sales in CMG, GMCR and ATHN?
My favorite is that scoundrel, Martha Stewart. Do you recall what she went for jail for?
The conversation went something like this:
Broker: Hello Martha, long time no speak.
Martha: Hurry up, asshole, I have an empire to maintain.
Broker: Anyways, in between doing my TPS reports, ummkayy, I overheard that Imclone was gonna do really bad soon.
Martha: Get to the point. What do you want from me?
Broker: Umm, I think we should sell it.
Martha: Okay, sell it, goodbye.
For that she got a few years in lesbian prison.
You are familiar with the Gilded Age and how money was made back then, right? We all revere men like Jay Gould and Vanderbilt for amassing fortunes. But did you know it was 100% legal to be CEO of a company and short your own stock? People like Gould made millions by simply hurting their own companies and selling short ahead of that hurt. He’d threaten companies relying on his railroad, short their stock, then repair the relations and make money on the upside.
Today, if you are caught buying 10 contracts on a takeover play for a tip you received at a dinner party, you’re going to ass rape prison for 10 years.
Where’s the justice in that, I beg of your pardon?
It’s too late to run away. If you are short the market, there is a better than average chance that you will soon be devoured whole by the Turkey Gods. No one in their right mind sells the market short ahead of National Feast. So in a way, your demise is a convenient exercise in Darwinism, weeding out the chaff from the wheat (extra Bible).
Listen here lads: you are living through the best bull market the world has ever seen. That’s right: you, my friend, are an imbecile of the first order for missing out on it. Now, let’s not get carried away and start calling each other names. I only meant to scold you so that you wouldn’t get scalded later.
Alas,’tis been a hard year for ordinary speculators, such as ourselves. The tape has been wrought with danger and cataclysmic downside action. If you weren’t careful about the shares you’ve invested in, you could’ve easily Bill Cosby’d yourself into an untenable position. Luckily for us, there is the community called iBankCoin. Which reminds me, go pick up your WSS report this week, penned by Raul. Unlike the other services, you can simply buy this a la carte.
Where was I? Ah, yes, the importance of community and how it might help you become a better investor.
For one, you can quit haranguing me about the virtues of selling short this market and get to buying something, anything God damn it. Next, when you’re ready to step your game up, join OA, RC, me and hundreds of serious traders inside 12631. Yes, I am plugging our services. Why wouldn’t I?
In summary, the Turkey Gods are here and they are going to peck away at your skulls and eat your brains, douse your body with gravy (no homo) and roast you until your eyes pop out.
Bored of the usual suspects, I went out hunting for new names, preferably of the small capped genre. When buying small cap, beta is expected to be high, as their business models move rapidly with the economic winds. I came across a little company, whose stock price has outperformed, thanks to 20%+ revenue growth and eps expansion.
The company has over $85 million in cash, with a market cap of just 550 million.
They’re positioned to compete with the likes of Sonos, for high fidelity audio solutions, via their Play-fi platform. They’ve signed up speaker makers Polk and some other bozo company, and are actively seeking new partners. On the blu-ray side, they have all the video game makers signed up and have enjoyed respectable 10%+ revenue growth thanks to the burgeoning success of the PS4. Very soon, their Headphone X technology will be unleashed on the public, offering “full surround” sound, which can be licensed out to any headphone maker. Currently, Turtle Beach licenses it, ticker HEAR.
Anecdotally speaking, I am always annoyed when I pair my iPhone with my wireless speaker–because I am only permitted to pair one at a time. Part of the lure with Sonos is that you can pair multiple speakers all at once and play your favorite Rick Ross tunes in multiple places, all at once. The same can be done with Play-fi.
But that’s not the reason why you want to own the stock.
Right now they have all of the major television manufacturers signed up, licensing their audio technology. But, as you know, teevee sales have bee sluggish. That is about to change, son, with the advent of the 4k teevee. Very soon, people will be knifing one another to get a brand new 4k television, so that they could merrily watch their fools-ball game with their drunkard friends. When that happens, growth will explode and this little company I am giving to you will undergo a mini renaissance amongst momentum investors.
As you read this, only 1 teevee maker, LG, has licensed their audio technology for 4k televisions. However, given that all HD teevee makers license from them now, it’s fair to assume they will be signing up more shortly.
Most of the catalysts for the company will happen in the 2nd half of 2015. They are also tethered to unit sales this holiday season for their Play-fi partners and will likely use their available cash for further stock buybacks.
Today was supposed to be a celebration, an affirmation that everything was okay. Instead, we got this milquetoast drab, this transvestite of a woman — a fraud. I didn’t sell anything and I am up almost 1% for the session. However, judging by the trend, my gains will soon drift away into the ether of perfidy, a scandalous way to star the weekend, indeud.
Nonetheless, next week belongs to the domain of the Turkey Gods. Feel free to throw all of the sell orders you can muster. But it will do you no good. The Turkey Gods have resolved to move this market higher, and feast upon the buzzards of nature.
“What’s for dinner, honey?”
“Buzzard.”
Finally, I am elated to see HABT get smashed to pieces today. I was up a quick 6 on a very small position. I intend to add to the position, little by little, each month for the next twelve months. Moreover, I intend to take a road trip out to their single east coast locale this weekend, to do a little taste testing, all for the sake of investing, of course.
