I announced today, inside of The PPT, that I was going to liquidate my position in IMMR. Since I’ve been talking up the stock for what seems like forever, I thought I’d share the reasons for the change in heart.
I don’t need them anymore.
When I took down the position, my gains were a paltry 15%. I was meandering around town, looking for illegal Mexicans to work inside of my house. Now that my house is furnished and restored, I am kicking the Mexicans out, in this case IMMR. I’m up 55% for the year, laughing and stabbing at the peasants with megaphones and sharp knives.
The stock behaves like it’s on a permanent siesta, likely due to a large shareholder, who happens to be on the goddamned board, who is selling–all the time. Because of this, I’ve lost patience in the name, due to the wide variety of more attractive opportunities in the ocean of ideas.
I sold some stock today and will continue to do so, in a measured way, in order to avoid jarring the stock. I like to make a distinguished exit.
Since IMMR was my largest position, I will be using said cash to fulfill my obligations in other ideas that I’ve most recently encountered.
Do not beg and make further inquiries, for you will be rebuffed like a black jew in Mecca.
Good day.
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Vibrating Androids just don’t seem so fun anymore 🙁
thats great news for IMMR, now it can follow PPC or FTK.
Dr. Fly, as a gentleman, I’ve held back disclosing that haptics are always disabled on my Android device, in an attempt at preserving precious battery life. This practice can now continue guilt-free, as there’s no longer the thought of you having to dress the little ones in rags, all caused by my miserlyness.
How very kind of you, Mon. Buck. My children than you already, fully robed.
Ripper
While that may be true, I am still going to pray for your downfall tonight.
“…you will be rebuffed like a black jew in Mecca.”
http://tinyurl.com/ls2wkwh
SHALOM.
It’s best to not look back. IMMR will find someone else eventually, it just wasn’t the right time in life. Maybe someday, but not today; got to leave the door open. Quick exit is always best, don’t let them ask the ‘what if’s’
In other news. I am still 200% long in full-retard stocks. ISE index says higher, as crazy as that seems.
Wow
“$IMMR is On Track For 2nd Half Winship
Fri Aug 2, 2013 12:24am 46
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 dislike IMMR for the reasons I’ve outlined in your comments, but do you no longer consider the above?
And might I refer you to this post before you get too excited?
http://ibankcoin.com/flyblog/2013/08/22/to-hell-with-jacksons-hole/
You don’t need to remind me of my comments. Nothing about IMMR has changed. I have changed and no long have the patience for it.
Although I didn’t follow you on this trade, I applaud your transparency. Too many third tier bloggers post delayed entries and exits. IBC is the only financial website I trust and this is why. Same kudos go to OA, Chess and RC.
Patience is a virtue…………….Im sick of missing all the run ups!! RBCN, GTAT shit I had GMCR at 29!! QCOR after the sell off at 20…all ran right after and I missed them because Im in a god dam hurry to find something better……….Im riding this IMMR bitch thru XMAS and cashing a ticket!! Carry on
Amen.
Want to join me squeezing XONE boss?