Fly Buy: $POWI

I added to my POWI position on this dip. This is, without a doubt, one of my top picks for 2013.

How do I explain all of this money? When Mrs. Fly takes a gander at the statement, she might report me to the proper authorities, fearing I’ve gone over to the dark side and partaken in some Wall St. shenanigans. Mrs. Fly is not one to skirt the law and will certainly not be an accomplice to one, husband for 17 years or not.

Truth is, I’ve been blessed, following numerous offerings to the Gods (the old and the new). They’ve answered my prayers and slain my enemies, turning them into meat to be cooked and eaten (no cannibalism).

I know you look at YELP, IMMR and CXO and wonder “how could this be? How could one man, apparently mortal, be so right over a short period of time?” The answer to that question, my friends, as well as many others, is none of your concern.

As I write this, the market is coming in a bit and IMMR is a whole point off its highs. I do not fear the unknown because, quite frankly, I am in possession of a time machine. I zip through time with reckless abandon, making bets along the way.

As for Mrs. Fly, she will remain in the dark. I will hide the monthly statements and whenever the subject of ‘our accounts’ arises, I shall change the subject and distract her with things that appeal to her gender, such as gossip, vampire movies and/or the prospect of going to the Short Hills shopping mall for ‘fun.’

I am very relieved by today’s earnings announcement and conference call. Some of you homosexuals are emotionally disturbed because the CEO didn’t announce they’ve discovered life on Europa. Retard, this is their slowest quarter of the year and are killing it.

They are building a war chest of cash, now upwards of 16% of the market cap, or $65 million. Their technology is recognized and paid for by all of the major players, except the stubborn AAPL. So this is a 4th qt play, on handsets and the new Xbox and Sony video game consoles.

This will be a “go-to” stock this holiday season. Write that down in your little notebook.

This is a stock trading under 20x next year’s earning, growing at a very reliable 45% per annum. Considering the upside potential in new product offerings and subsequent royalty payments, one could argue the stock deserves a multiple of 40x, putting the stock price at or around $30 per share.

I am now pushing +45% for the year and can afford to take Congo sized risk.

My fleet of warships is purveying the seas, shooting grape into errant cargo vessels and sinking whole Navies of small, backward, nations.

“The Fly” reigns supreme, almost floating amidst the office with a cloud of incense shrouding his every move. DO NOT ATTEMPT to stop him now, for he will pimp smack you with his diamond rings and stomp you out like a weak gorilla in a pack of strong alpha-apes.

I am boastful because I am lucky. I am lucky because I have courage. And I have courage because I am smart.

Good day.

As you know, I pared back some of my IMMR position, but it’s still incredibly overweight. As a matter of fact, it still makes up 20% of my assets, making it one of my largest positions in years. I’ve had others, like WETF, WNR, YELP, FRO, FTK etc. But this is right up there with other big bets. Before yesterday, IMMR was just about my largest position in over a decade, which is why I had to reduce it.

The key driver for the company is royalties via Samsung. We all know Sammy said smartphone sales were a bit sluggish. Perhaps IMMR can make up the temporary lost ground on other fronts? Either way, I am not foaming at the mouth bullish on this particular earnings release. Instead, I love its prospects longer term.

Haptics technology is being adopted everywhere. It’s only a matter of time until this company receives a QCOM-like multiple, circa 1999.

My other earnings play is OPEN. I bought it based off the YELP numbers, and because TRLA left the station without me. If the company is really back on track, it’s going back to $100+ in short order. If they miss, the stock is likely heading back to $55. Either way, it’s not a very large position for me, as I am more focused on YELP, IMMR, POWI and CXO.

My only underperformer is AMBA. I’m a huge fan of the police state and believe AMBA’s technology will assist Homeland Security in locking down America, into a ‘prison planet.’ This is all very boolish for the shares.

If you are a firm believer in the illuminati seizing power and putting everyone under 24 hour surveillance, like me, this is the stock for you.

As for the reason why it’s lower today: more sellers than buyers.

I am playing OPEN ahead of earnings and have initiated a position in ONVO, both small positions.

I am up a staggering amount of money today. Just today, from the money I made on YELP, I can pay down all of the US debt and wage war on 13 nations.

What else can I say but “thank you” to the new gods and the old for blessing me with stock market hedonism. I enter the arena with a chest full of courage, ready to embrace the earnings from IMMR today.

Only AMBA is down for me today. Other than that, it’s long lines of blow atop stacks of hundred dollar bills, piled high to the ceiling.

Due to the severity of today’s winship, I will be allocating funds shortly.

NOTE: Have you seen CXO today?

I won again and you bozos never saw it coming. That sentence makes no sense, whatsoever, but is frighteningly belligerent. Hide the young children and the sensitive men, who wear shorts and drink frappacinos, for Le Fly is bowling tonight and he’s knocking down human skulls instead of pins.

Everything I own will trade higher tomorrow. Regretfully, I stand before you a humble man, 40% cash, 60% win. For those of you who doubted my pimp hand, you shall feel the wrath of my knuckles soon.

YELP smashed and will trade up frenetically tomorrow. AMBA, IMMR, POWI and maybe GPRE will move higher as well.

I’d like to circle back to POWI, because it’s my top under the radar pick for 2013. No one is monitoring them, which speaks volumes about my colleagues in the money management business. Yes, piker, I am talking to you directly, while blowing pipe smoke in your face (I dare you to say crack pipe). You don’t do the work; therefore, you shall not reap the rewards.

POWI will earn $3.00 in 2014 and deserves a 30 multiple because of their revolutionary smart phone strategy. As such, I declare the shares are worth nothing less than $90 per share. You may fool around all you want, playing checkers in the parlour, lighting fires in the forest. But rest assured, POWI trades to $90 by next year, this time.

I have another stock for the gentlemen in the money management business; but I will not provide you with a thesis. I want you to tell me why its shares are heading wayyy higher.

The ticker symbol is (brace yourself): CRS.

Good night.

What I am about to say will befuddle many of you, but I want YELP to trade down after earnings. For the love of calamity, I want to own YELP 20% lower. But I think it trades much higher, maybe over $100 within two years. So, clearly, I had to own some ahead of earnings. If this is their breakout quarter and I missed it, I would’ve never forgiven myself. You can view my position as a hedge against my ego.

GPRE is a killer ethanol play, who just beat numbers. The stock is down, classically, post earnings in a ‘sell the news event.’ The stock will trade higher.

Lastly, I bought AMBA because I’m a HUGE fan of the police state trend that is spreading worldwide. These are the guys who will eventually record you, as you are taking a dump in your corporate bathroom.

Regardless of what the stock does in the short term, longer term, this company is a keeper.

Don’t forget, as I mentioned earlier, I doubled the size of my POWI position. I believe the stock should be trading 30x 2014 earnings or $90 per share.

Oh, and I sold some IMMR, just to free up some capital. I let some get yesterday and again today because it was 30% of assets. My goal is to reduce it to 15-20% ahead of earnings.

I bought YELP ahead of earnings and initiated positions in both AMBA and GPRE.

Additionally, I’ve reduced my position in IMMR, to mitigate risk ahead of their quarterly earnings report.