BIG Earnings Day For IMMR

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.

This story has now taken a new leg higher and I believe it is priming for the history books. Ackman is now being savagely squeezed by not one, but two, industry titans: Carl ‘give me 3 seats on your board’ Icahn and George ‘I break your central bank’ Soros.

Without a doubt, I regret selling my HLF position and lament the idea that I am not punching Bill’s head too.

This HLF short is not only costing Bill a tremendous amount of money, but it’s ruining his reputation and might lead to redemptions, which can precipitate him to cover his short, effectively sending HLF even higher.

I think the Soros team is aware of this dynamic and are fixed on ruining Pershing Square.

More color on the story.

HLF is up nearly 10%, which means Ackman is down another $100 million. Jesus Christ!

I bought POWI today, even though it’s up after a great earnings report, because I believe the incandescent light bulb is a thing of the past. POWI plays an integral part in making the LED bulb successful, through its parts. On top of that, they will soon be in millions of smart phones, providing ‘quick-charge’ technology to the masses.

Many months ago, I asked you “when is a good time to buy a winner?” The answer is, with very few exceptions, “any price.”

Sometimes we lose the forest for the trees, attempting to market time. If you have a stock that you feel will do great, long term, just buy it and quit worrying about short term moves.

(I am talking to myself more than you.)

My condensed philosophy for investing in stocks, longer term, is quite simplistic, but entirely logical.

If you worked at XYZ corp., right now, would you participate in a stock options program and do you think there is significant upside to the company?

Forget about the stock. Is the company in a position to undergo rapid growth, which can lead to wealth creation for its employees who participate in a stock options program?

If the answer is yes, go long and dollar cost average, every month, as if you were an employee.

Having said that, I am a buyer of POWI, longer term, and if I can contain myself, I hope to sell it north of $100.

They are, without a doubt, a game changing company in the smart phone space.

I added to my POWI position, following a strong earnings announcement.

Treasuries get hit and stocks take off? What!?

This is a new entry into the definition of bizarre. Inherently, it’s bullish for rates to go a little bit higher, since it means the economy is strengthening. However, the rate of change is too fast and one would assume this would jar the markets.

Perhaps the market has finally accepted a higher rate environment?

I am pleased to see POWI, CXO and IMMR lifting off. It makes me feel good to not entirely miss out on this rally. Truth be told, I’ve been on guard for a pullback ever since this rally started in 2009. I am sure many of you feel the same.

Maybe it’s time to let the old guard down and run naked through the alleyways of Wall, screaming “Boom-shacka-lacka.” Perhaps the market will never trade down again and I am wasting my time attempting to time the market.

Either way, it’s a bull market and the only strange thing about it is the lack of enthusiasm or believability in the retail client. This is so different from the dot com run, when my barber and bartender played the game. Nowadays, people think it’s rigged and scoff at anything to do with equities.

Maybe that’s a good thing.