LONG NERDS

With the $ZU proceeds, I bought a dog, newly minted IPO loser: ECOM

This zulu thing isn’t working out for me. I stopped out at -2.5%.

There is nothing better than a large bottle of carbonated sugar popping off into your face, first thing in the morning. It’s invigorating.

When I was a young lad, growing up in Brooklyn, I’d drink soda all day long. I even poured it into my cereal. My grandfather and I “invented” a drink that called for 1/2 milk, 1/2 soda. When mixed with orange soda, it tasted like a cremesicle (sp?). Back in those days, I’d drink large vats of the stuff, from Shasta to Dr. Pepper to Mountain Dew, back to the traditional Coke/Pepsi hegemony. By 2004, my weight reached an all-time high of about 195, up from 155 a few years earlier. I attributed it to fast food and delicious soda pop.

There was never any need to drink water. Water was a tasteless and disgusting beverage, preferably used to drown plants.

However, I didn’t want to become a barrel-ass, so I stopped drinking the acid and lost weight ever since. Right now, I am in the best shape of my life. I can easily break your jaw, if given the chance, with just one punch (I practice this at home…on a dummy).

What is my point?

My point is that we all need some SODA in our lives, just not mines. This country was built on lard and I envision Sodastream adorning the kitchen countertops of millions of homes in the coming years. Both KO and PEP are desperate losers now, a far cry from their glory years of the 1990’s. They will buy growth and do so in dishonorable fashion.

I am long SODA because I am short humanity. I also placed the balance of my cash into ICPT.

As you were.

I think I might’ve shot myself in the foot with the last LITB post, considering the fact that I own the damned stock. I couldn’t help myself. I had to discuss the important matter of crying babies being present on the conference call. Having said that, I like the stock here and might even buy it. When I was talking crap about it, the stock was up 5%. Now that it’s down 5%, with $2 in net cash and the company beating estimates, trading about 1x sales, LITB is an interesting long term proposition, providing they can keep babies out of their conference calls.

I own HAIN too, as part of my 31 stock purchase a few weeks back.

All in all, today is another sleepy bullish day, ahead of Jackson Hole. The Fed is dovish, albeit antiquated and retarded with their choice of chief. And the market is now basking in post earnings fantasy, where tall tales can be told and people can readily get ahead of themselves.

I’ll be putting some money to work shortly.

So I woke up to better-than-expected results from LITB, springing to action, hoping to start my day off profitably. I tune into the conference call and listen carefully, as management does its best to ruin my mood. During the call, a recurring theme is the audible crying of a fucking baby. Yes, an actual baby could be heard crying on the conference call. Don’t get me wrong: I love babies. I’ve created 3 of them.

BUT NOT ON A DAMN CONFERENCE CALL.

Here in America, we do things differently. We run our corporations from large office buildings, where babies are not permitted. They are at home with their mothers or at a day care centre. Perhaps it was “take a baby to work” day in China? One thing is for certain: whoever thought it was a good idea to conduct a conference call with a baby in the background is an idiot, of the first order.

Considering the fact that LITB does 60%+ of their sales in Europe and another 20% in America, they have no excuse to be operating their stupid website from the confines of the orient. I am so pissed off right now, over this baby (lolz), I feel like selling the stock.

Before the call, after looking at the numbers, I considered tripling my position.

[youtube:https://www.youtube.com/watch?v=nUahRAwIK8k 603 500]

If you’re just tuning in, interested in the ongoings of Le Fly and how his saga is shaping up, I sold out of all of my chinese burritos stocks, with exception to LITB. Frankly, I cannot be bothered with that dreadful communist regime any longer. Their crimes against human decency and the plight of man are egregious sins that should not/cannot be supported by persons of influence. Me being in a position of great influence, a public figure that is revered and looked up to by millions, I can no longer condone excessive lottery adventures in the red, communist, china (extra McCarthy).

Replacing them, I fell back on my medical degree from the University of Osiris, lunar base camp #7, and placed bets across the biotech sector. As you already know, I am long SGEN, ICPT, GILD and JAZZ from much lower prices. Adding to that foray of glamorous advances in modern medicine, I purchased EXAS, CBST and CLDX.

As an aside, something of a whim, I started a position in PIR too.

Cash stands at about 10%. My position in TLT is still fully intact.

Good day.

Frankly, giving them to you is like throwing them away. However, I happen to be in a generous mood, so here goes (cue Beethoven symphony no 7, mvt ii)

EXAS

CLDX

CBST

PIR

I had a moment of clarity, like a drunkard thinking clearly for the first time in weeks. What on God’s coal infested earth am I doing in all of these Chinese burritos stocks? So I sold all of them but one: LITB.

I sold QIHU, VNET, XNET, ZPIN and CMGE. The basket of noodles made me some bread, so I am happy with the outcome. Simply holding onto these names and risking an earnings shortfall would be unforgivable. SO treated them as they should be treated: transitory.

I also sold out of 75% of my JAZZ position, after the 20 point move here. With the remainder of my position, I will hold until the end of days.

With the proceeds, I intend to switch my focus to stocks that are audited and don’t lie about their growth rates. Or, I might just go biotech and say “YOLO” while sticking my middle fingers in the air, driving an automobile without hands.

DEVELOPING…

The market is fantastic isn’t it? But most of you were crying, curled up in a shower about a week ago–scared of General Putin and his rag-tag bunch of vodka whores. Although I am looking for a rally and think we have room to go, you have to take profits when you can. If you’re up 10% inside of a week on an idea, take some off the table. The only exceptions are for longer term ideas. Like I am +25% on both SGEN and ICPT–but haven’t even considered selling them.

By the way, I don’t think the NASDAQ is heading for a 75% drop–that’s juvenile. I simply believe the ‘bubble stocks’ that fell off the table in March and April are going to resume lower again this fall. The market as a whole might even trade higher–although I doubt it. All of the high beta, 20x+ sales stuff, will go out the window. Whether it happens in September or a few months later, they will come down. I only think it happens in september because it’d be the fashionable thing to do. Plus I like symmetry.

As of now, I am looking over my trading positions and deciding whether I should book some gains.