Wednesday, March 21, 2007
Sector Spotlight: Software
Not only did LNN disappoint, but BWLD caught a downgrade and MVIS filed a fucking monster shelf offering.
Trust me when I say, this is the natural order of things.
There is no fucking way the company would raise so much money, without knowing they will start producing PicoP products soon. I know, at first glance, you may think: "what the fuck, are they fucktardingly nuts" or "boy, do I feel like the fat bitch at the end of the bar." But, the company had to raise money-- why not now?
Just the fact that they are able to raise so much money should speak volumes. Institutions will be supporting this deal and will help this company get product to market.
Trust me, if this company was for the birds, no one would sponsor such a deal.
As for BWLD:
Fuck you Jefferies. You will pay for your disobedience, downgrading BWLD during the second holocaust of the chicken. I sense an "Asshat Award" may be in store for the Jefferies analyst.
As for LNN:
I deserve this poleax, for being such an arrogant prick. It is my punishment and I humbly accept it.
Generally, the market looks a little soft. I suspect the market will go nowhere fast today, as investors jockey for position.
The Software sector is up, thanks to ORCL and ADBE.
The Brokers are up, thanks to MS.
In short, it makes sense to stay long and buy the dips. Hopefully, BWLD will come down, below $55, so that I may buy more.
In less soft news, DIVX took a shit this morning after the lockup. A shitload of my buys filled in the pre-19 level bringing my basis below 19 now. I am a huge believer of DIVX and watch the shit daily (lots of pR0n). Broker do you have any comment on DIVX today? Personally I think the shit will get bought by some video or content company.
Typically, strategic investments are coupled with exclusive contracts.
This is the best way to raise money.
gap: I like an aapl take out. The iTV blows hard (but I wouldn't know because I think most of aapl blows anyways), DivX could eat some of that market, makes sense.
The metals are on fucking fire. Going long TIE, CENX and FCX makes a lot of sense.
Also, BWLD on this dip.
You guys are pussies.
If you were sitting on the other side of my office, I'd throw my fucking monitor at you.
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