$GOGO Not Done Going Higher

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.

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.

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.

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.

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.

I added to my CVV position because Seeking Alpha is an ass.

The clowns over at Seeking Alpha published another hit piece on CVV today. The author goes by the name of ‘Alpha Exposure’– a true bozo and a dork.

Being that I am biased about anyone who publishes hit pieces on Seeking Alpha, pertaining to competency and motives, I thought it would be best if I let the numbers speak for themselves.

Let’s have a look at “Alpha Exposure’s” recent “deep analysis” of companies and how they’ve panned out for their “investors.”

On 6/21, they released a hit piece on UNXL. The stock was at $14 the day prior; but because of his story, the stock careened lower to $11.39 that day, only to close at the highs at $14.39.

Had you listened to Alpha Exposure on 6/21 and sold the stock, you’d be down 51.3% on your money today.

On 7/24, high off his UNXL ‘victory’, Alpha Exposure went after EXAS, dubbing it “The Rotten Sniff Test.” He became obsessed with EXAS, publishing 5 more articles over a short period of time.

The result?

On 7/24, EXAS hit a low of 12.94, post hit piece. The stock is currently trading at $12.95.

Nice work.

He’s also done numerous pieces on CLSN and ONCY, both of which have gone nowhere since his allegations and “deep analysis.”

Frankly, this guy is ridiculous–a rank amateur. What gets me is the level of influence these jokers have with Seeking Alpha readers. I mean, don’t they look at their account statements and see the results?

Awful.

This guy shouldn’t be managing his own money, let alone publishing advice on Yahoo Finance, via Seeking Alpha.

Losers.

This is very strange for me, watching the market, pure spectator, without possessing the urge to sell my current positions. I like so many stocks; but I like my own even more. Plus, I am completely tapped out, leveraged to the hilt, crazed faced and mad.

I am looking at short squeezes and want to partake in them, but cannot. Instead, I am overseeing the illegal Mexicans in my yard create a new bed for my boxwoods.

Some of my stocks are up and some are down, yet I haven’t the slightest desire to do anything.

Complacency!

My person embodies the VXX: a complete state of catatonic complacency.

YELP is pressing higher and TRLA is taking a break. POWI is up and CVV is down. Who cares?

I just want to unwind and spend some money.

V, GS and NKE will replace AA, BAC and HPQ in the Dow 30. No AAPL? I guess Tim Cook refused to split their shares, in order to get entry into the lauded index. Either way, these new index members is very good for the market, aesthetically. The Dow will go higher because of these changes, period.

The market is looking higher this morning, thanks to the peace monger, Vladimir Putin. Syria has agreed to place its entire chemical weapons cache under international control, to be disposed of. The only problem with that, logistically, is there is a god damned civil war taking place in there now and these weapons are in dozens of secret locations. In other words, war might have been delayed, but not avoided.

For some reason, one way or another, the United Steaks wants to attack Syria.

Gold and silver are trending lower–because they’re for losers.

Get long stocks and stay long.

About a year ago I went long about 1 million shares of FRO, thinking the shippers bottomed. I was half right. The place to be was Dry Bulk, not over leveraged oil tankers, as evidenced by share price performance. FRO has under-performed because they are being squeezed and may file for reorganization, which is why I sold.

After reexamining the space and trends, I knew the correct trade was in Dry Bulk. I’ve posted my picks inside of The PPT for months: DSX, SBLK and GNK.

Tonight, the BDI is going haywire to the upside.

This hurts.

The best performing Dry Bulk plays are GNK, FREE, EGLE, SBLK and DRYS.

I expect this run to continue, as rates normalize, so will valuations.

Some ideas worth thinking about are the laggards. You want to take a shot at laggards, but not underperformers.

There are some really leveraged plays out there, with dangerous debt/equity levels. If the sector is really turning, the higher the leverage, the better–just like olde FTK.

The highest levered shippers are

FREE (89)
EGLE (13)
GNK (9)
SHIP (9)
DAC (7)
FRO (6.5)
TNP (5)
DRYS (4)

Based on price to sales, the following are the cheapest (this is providing they do not declare)

FREE (0.07) –this is pretty much insolvent
OSGIQ (0.08)– already in reorg
FRO (0.36)
EGLE (0.41)
SHIP (0.46)
ISH (0.66)
TNP (0.70)
SBLK (0.76)
DHT (0.78)

My best guess, next big winners, are:

EGLE, SHIP, SB, BALT and maybe GBLS. Obviously, GNK can go much higher; but I refuse to buy it up here.

PPT users can access my screen here.