Fly Sell: $DDD

I sold half of my DDD north of $52.

Maybe they have an edge?

Once again, Seeking Alpha disseminates information from a short biased research group, eagerly declaring AMBA will miss earnings, which will, in part, send shares plummeting to new lows. Ironically, the name of this group is Prescience.

How convenient.

Shares of AMBA are weak this morning due to this note:

We believe Ambarella Inc (NASDAQ:AMBA) (“AMBA” or “the company”) will miss the Street’s FQ3’14 consensus estimates, resulting in downward revisions to FY’14 and FY’15 estimates. Our channel checks with Ambarella’s largest customer Chicony (TSEC: 2385), checks within AMBA’s supply chain, and conversations with various analysts indicate that AMBA’s fastest growing business segment, selling SoCs to be embedded in GoPro wearable cameras, has significantly weakened.

Based on conversations with the sell-side, current Street estimates for 20% QoQ revenue growth in FQ3’14 are based on extrapolation of FQ3’13 results; FQ3’13 was a boom time for AMBA on the back of a successful GoPro Hero3 product launch. Revenue from GoPro wearable camera SoCs have grown from 4% to 42% of AMBA’s consolidated sales in the year spanning FQ1’13 to FQ1’14. Our research, however, indicates that growth in Hero3 sales is currently dwindling and that a GoPro Hero3 refresh cycle will not take place in 2H’2013. While we do expect AMBA’s non-GoPro revenue to grow, it is unlikely to provide the kind of growth needed to offset the potential revenue shortfall from the GoPro-related business. Against the backdrop of Ambarella Inc (NASDAQ:AMBA)’s non-GoPro revenue having grown between -25% and +19% QoQ (and actually declining sequentially in three out of the four quarters), current Street estimates appear unachievable.

In a world filled with smoke and mirrors, my initial reaction is to discard this invaluable piece of research as pure biased rubbish. I suppose they already have their short position in place and would like to see AMBA tank, ahead of earnings.

This much is certain: should AMBA exceed earnings expectations this quarter, someone will need to head over to Prescience and punch their analyst in the collar bone.

This is going to be the easiest trade of my career. You fatalist bozos out there are convinced because the Fed said they might stop plopping $85 billion per month into the bond market, that means they will begin selling their bonds. You are entirely retarded, full bananas.

By purposefully sending rates higher, the  entire country will be destroyed (awkward pause).

————————————————————————————————————————-

I wish this blog was still a rated X venue, so that I could properly lecture you about how stupid you are for believing TBT is a long term investment.

Over the past 6 months, REITs and a slew of closed end funds have been dismantled. These are, traditionally, the safest investments for a long term oriented investor.

This is what is going to happen.

Rates will remain low, for infinity. Whoever sold short bonds this month, eagerly awaiting to be rewarded via Armageddon, will be ramrodded into a ‘fag box.’ All of the REITs and bonds that traded lower will rally, alongside stocks. A great giant reflation of bond prices awaits, because the fix has always been in and the United States of America is about to finance another war.

Closed End funds down more than 15%, over the past 6 months

GHI

BBF

EIM

NMO

PTY

MVF

MNE

REITs down more than 20%, over the past 6 months

ARR

JMI

CYS

ACRE

ANH

UHT

MITT

AGNC

ACC

I am sure many of you pole grabbers will take the other side of this trade. I am so convinced about the prospects of REITs, I’ve begun buying calls on IYR and have plans to accumulate a handful of these stocks, into weakness.

These are the top 10 stocks, ranked using a combination of fundamental and technical factors, provided by The PPT.

Truth is, I am taking excessive doses of creatine right now and will not be drinking from the bottle, like many of you tonight. Your alcoholism is the reason why you are unable to build relationships–intimacy issues. You should go see someone about that.

Nevertheless, today is as good a day as ever to drink heartily and rejoice the gains made today.

I had a pleasant day, with a very cordial 0.66% gain for the session. I am patiently waiting for IMMR to catapult higher. Believe me, I have all the time in the world. Since this is a Friday afternoon post and traffic is low, I will tell you the biotech/medical names on my radar.

TTPH, ICEL and TEAR.

I might buy them, or not, over the course of the next few weeks. In the case of TTPH, it is given to me by a doctor friend who is a renowned expert in the field.

Top picks going into next week are IMMR, POWI and YELP. If I had cash on hand, I’d buy OWW and TRIP here.

http://www.youtube.com/watch?feature=player_detailpage&v=wZjms7rRAQw#t=210

This morning the natives were very restless, bailing out of AMBA because IBD said “to limit losses at 8%.”

The IBD is a newspaper for old folks and stupid people.

ATTENTION INVESTORS: AMBA has bottomed. That is all you need to understand. Your comments are welcomed, as always.

The police state lives, via AMBA.

Get under the Ambarella.

Before blogging, I had suspicions that I hated people. As a kid, I’d often get into fights, agitated by small things. After taking on the venture of blogging, I’ve confirmed the fact that I literally despise humanity and would have no problems seeing it dissipate into an ocean of fire.

The Option Addict emailed me a few weeks ago, asking me why his comments section was riddled with “assholes.” I told him “it has always been like that here because people suck.” OA stopped blogging for free years ago, but once operated one of the most popular trading sites on the web. His comments section would go 200-300 comments deep, mostly filled with gentlemen with top hats and stiff canes.

Something is going to be done about the vagrancy that plagues this site. I am either going to turn off the comments section for good, and let you bastards rot in hell. Or, we are going to require that you sign up to the site, provide legit email and user name to boot.

Just know, my patience isn’t infinite and I don’t have time to police the god damned comments section, weeding out misfits who are addled with mental illnesses.

TAKE YOUR PSYCHOTROPICS and eat your teevee dinners. Get the hell out of here.

I didn’t think it was possible. But they did it again. With today’s 13% decline in new homes sales, I’ve been corrected in my belief that nothing could derail the housing market from recovery. The Fed, in their infinite wisdom, is in the process of chain balling the economy back into a cesspool of depression. The question now begs, do they correct themselves now, seeing how disastrous the housing numbers were this morning?

These numbers were so bad, they’re good. Bonds are behaving well and the market isn’t down, which is odd. Based on these numbers alone, the market should be off by 400 today.

The market is telling you the Fed says “merci” and will ignore that fat retard from the Kansas City Fed and stay the course.

The market is going higher.

All of these Steve Jobs wannabes mucked up the NASDAQ system and have, once again, tested the patience of investors. All of these “glitches” are avoidable, only if these jackasses would do their jobs. Don’t blame the CEO of NASDAQ or anyone in upper management.

The guy in the cold room, who is supposed to be manning the servers, instead is working on a new APP for Google Glass, is to blame. These jackasses, who mostly hate the corporate environment, likely despise working for NASDAQ, since it’s “Wall Street.” Them and their filthy beards and stupid t-shirts. I want to punch every single person in the NASDAQ IT department in their face.

I am sure these “professionals” will try to explain how this was “unavoidable” and blame it on some obscure thing, since these people never like to accept blame. The truth of the matter is, these $100 per hour bozos are inept, incompetent and without top hat.

Dorks