Notable Occurrences

ISRG plunged into the bell because of this headline:

Intuitive Surgical: Shares drop 40 points as headlines that co’s robots being probed for safety by U.S. regulators cross wires

I’ve always said robot arms performing surgery is a horrific idea. I wouldn’t want some cow-grabber in Mumbai performing open heart surgery on me through some stupid arm robot and internet connection. I’m not sure how the stupid thing works– but I don’t care. I’d punch any doctor in the face for asking me to have that done to me.

I’ve seen terminator. No thanks pal.

Secondly, DECK’s numbers beat estimates, further solidifying Sam Poser, from Stern Agee, as a legendary market timer for the name. He was bullish at the bottom, bearish as hell at the top, then switched to bullish again. He’s the only one you should pay attention to with DECK.

Lastly, let’s talk about the giant elephant in the room. Carl Icahn is pressing needles into the skull of Bill Ackman. This happens all the time in the hedge fund world, but never this public. Going after someone’s short position is standard procedure, when it comes to ‘revenge trading.’ In this case, Carl is just an aggressor, multi-billionaire, who wants to teach Ackman a lesson. It never made any sense for Bill to disclose the size of his position.

Icahn is so boss– it’s not a contest. By timing the HLF board news, with comments from the CEO saying he’d go private, on the same day that one of Bill’s largest position– JCP– cratered, it speaks to masterful class embodied by the old war horse– and violence– that nerds like Ackman can only dream of pulling off.

As you know, Bill is a pervert and displays childlike traits when around grown men.

Old school Icahn is going to teach him a lesson and I am going along for the ride in his T-model Ford, top hat and cane (I will beat Bill with my cane) to match.

For the day, I was +0.5%–with terrific gains out of PAMT.

I’m piling on here, supporting the living legend, Carl ‘screw you, give me three seats on your board‘ Icahn– buying HLF just under $40.

Am I late?

Yes.

Do I care?

No.

Why not?

Because I am going to help kill Bill, that’s why.

Off to ride my bike to Montauk.

http://www.youtube.com/watch?v=zaBOlv4zcx8

Only one silver miner has strayed away from the pack, still up nicely while silver is lower. Unless they’re mining sheet rock and NFLX DVD’s, I do not see anything special about AG to give it this sort of premium, trading more than 8x sales–sporting negative revenue and earnings growth rates.

Get back in line, AG. See you at $12.

I was a better speculator when I was in my 20’s. I am a far better steward of money now, manager of assets. But when it comes to picking stocks screaming higher, my best period–without a doubt– was between the ages of 20-25.

Young people do not have inhibitions. They’ve never experienced failure. Therefore, winning is all they know, especially those who’ve had an athletic childhood. The older you get, the more you understand loss. Losing is a bitter pill to swallow and we train ourselves to avoid danger, for fear of losing. By the time we are ready to enter our respective pineapple coffins, we will hate stocks, young people, chocolate cake, and loud music.

My largest position is BX, which would’ve been unthinkable when I was 22. I’d laugh at the old men in the boardroom, who were trying to make 10% in their stupid large cap value plays. Hell, I was making 10% in a day, playing the wheel of fortune game. What I didn’t think about at that time was the “bankruptcy” option on said wheel. Playing the high stakes game, the beta better than 2, is guaranteed to inflict financial damage to you and your family.

My advice to young punks out there, new to the business, overzealous to make millions, is to bide your time. Use your energy to make business contacts and grow your business through a burgeoning client base, not 100% returns. If you can make 20-30% per annum, at the same time grow your assets under management by 50% per annum, in 10 years time you will be on your way to being a rich man.

I’ve made a decision to engage with other writers of sites on the internets. For too long, I’ve been a recluse, a hermit of sorts, only showing myself here and on Twitter. I don’t feel other writers aren’t as good and talented as I am, I know it to be true. Nevertheless, give me a list of websites that should be added to my blogroll. Ignore me at your own peril.

Top quality only, thanks.

This is what I have so far.

Blogroll

• Bespoke
• Bloomberg
• Business Insider
• Calculated Risk
• Chartpin
• Dealbreaker
• Dealbook
• DENNINGER
• Legendary Lindzon
• Mish
• Reformed Broker
• Ritholtz
• Stocktwits
• TIM Knight
• Zerohedge

Yes, indeud, it is 2007 all over again. The only differences: this time around our banks are flush with cash, the housing market already cratered and is now in recovery and US corporations have record amounts of cash on their balance sheets. Valuations are cheap. You can re-read my article from the other day, or you can trust me enough to believe this market is going up until tax day.

During the perverted summer months, people like to partake in drug induced orgies, leaving little time to think, let alone invest, about stocks. When they’re finished, typically sometime in September, they make all sorts of erratic decisions, finally settling down in October through April.

Rinse and Repeat.

If I had cash available, I’d buy RAS and CBG–because both stocks are heading higher.

For now, I am forced to settle for a meager 2.4% return for the day–putting me within 2% of last week’s severe and thorough drubbing.

Short sellers: you’ve been dispatched.

Have a look at the recent track record of AG’s earnings disasters.

The company has missed earnings expectations for 5 of the past 6 quarters with one meet. At the same time, both earnings and revenues are going in the opposite direction, valuation remains rich. Tell me why?

There isn’t any growth to speak of at AG, so why does it deserve such a rich price to sales ration, at a staggering 8x sales. A fine company like PAAS, one that has good free cash flow, is stuck at under 3x, alongside GPL, FSM, EXK and HL (4.3X). I want to be educated here and understand why AG should trade at more triple the sales of PAAS?

Is the the low FPE ratio? Perhaps.

But how reliable is the “E” in “PE” when the company misses by a football field almost every quarter?

With the raw commodity in the penalty box and miners in full liquidation mode by long term faithful investors, I sense much lower prices are in order for AG–perhaps down to $12.

Pardon my absence, I’ve been busy putting a deal together. Over the years, I’ve drastically pulled back on administrative duties–because brokers are criminals in suits. As such, I’ve had a lot more time to hang out with you whipper-snappers, “tarry-trailing” around the internets seeking out fun and excitement.

iBankCoin has been a massive distraction–but a productive one at that. Nevertheless, on occasion, business calls–which means you’ll be left out in the cold (no Fred Flintstone).

The market is straight up, making fools out of the “this is 2007 all over again” crowd–yet again. No surprise there.

The focus should be on housing and I will continue to buy any dips. I am glad to see VHC higher and will hold my shares for the ultimate pay day. If everything pans out, VHC will be north of $100 per share in two years.

I don’t have time to provide links, but Judge Davis ruled this evening, giving AAPL 45 days to sit down and settle with VHC, else he’s going to slap a 1% royalty on them.

I took my position down from 30% of assets to 4% because I was afraid of an opaque ruling like this. Don’t get me wrong, things are heading in the right direction for VHC. But the delay process is nauseating and AAPL is sure to give Judge Davis the middle finger and appeal any and all rulings.

There wasn’t any injunctions levied, just more delay.

That’s my take.

I am a buyer on dips.

I made back 2/3rd’s of yesterday’s losses. I didn’t expect today’s melt up, but welcome it.

There is more work to be done. I’m always on the look out for innovative ways to capture coin. As the struggle continues, the pressure is firmly on the necks of those who sold short yesterday.

Enter the vise and feel the squeeze.  It’s coming.