Friday, January 26, 2007
For weeks, I heard chatter about a pending deal for LOCM-- yet I did nothing. Considering the stock is up 50%+ today, I have instructed my trader/servant to throw pizza at me-- for a change.
Aside from shady information, I was impressed with the late day run. Across the board, stocks advanced, as the sellers lost their balls-- late in the day.
Finally, as earnings for MVIS is scheduled to be reported sometime in mid February, I can't help but wonder if an 8-k is coming. Also, first thing next week, I want to add to my TKC, BWLD, IVAC and AAPL positions.
Late Day Thought
Fly Buy: SVG
Disclaimer: If you buy SVG because of this post, someone will "key" your new Rolls Royce. And, you may lose money.
Quick Alert: Market Scary/ Semi's Catch a Bid
Aside from the semi's, the market looks like leftover vomit. However, there is a lot of green. Therefore, I wouldn't be shocked to see a late day steamroll, a la asshole dip buyer.
UPDATE: It appears I have been drinking far too many big cans of Monster Energy Soda and had NVL mixed up on my Semiconductor screen. In fact, NVL is a God forsaken aluminum company.
Due to embarrassment, I pondered over deleting this post and "making believe" it never happened. But, that's no fun.
Afterall, even Einstein failed a few science tests, no? Fuck, he probably didn't.
I'll go put on my big red nose and clown suit and practice my orange juggling.
Fly Buy: IVAC
Disclaimer: If you buy IVAC because of this post, your only son may work at a "bucket shop." And, you may lose money.
Sector Spotlight: Energy
With this type of weather, no way oil/natty is going lower.
Within the two sectors, I like SU, NGAS, GMXR, ARD and CEO for a trade.
Also, I want to be long the NIKKEI on this dip. There, I want to own NKZ-wt or NKI-wt. Both are highly levered plays on the NIKKEI 225.
Finally, I like the action in Gold and Telecom. There, I am long SVG and TKC. The action in the general market is weak. Moreover, I get the feeling we may swan dive today, as investors fear being "machine gunned" by the bears.
Position Updates: NIHD, LMT
|08:22||NIHD NII Holdings initiated with a Strong Buy at Raymond James- tgt $85 (69.56 )|
Thursday, January 25, 2007
Genesis: In Too Deep
A gay song for a gay day.
Even though today's dip scared me, I kept buying more. I know the housing market is gay and the market is up big. I still believe 2007 is going to be a great year. Therefore, I will instruct my fucking trader/servant to fetch me warm, not hot, slices of pizza and buy the dips-- until May.
I know, days like today make you want to shoot yourself in the nuts or dive head first into an empty pool-- but don't do it.
The bears will not take control of the market-- mainly because they are weak, dickless, fucktarded asshats. Plus, we have the "Fast Money 5" in our corner--bullish on all sorts of high multiple dicerolls.
Finally, the dip in MVIS was uneventful and on very low volume. If a gun were put to my head, in order to extract three stock picks, I'd pick MVIS, AAPL and SVG (gold).
Fly Buy: AAPL
Disclaimer: If you buy AAPL because of this post, the "Fast Money 5" may trash your favorite stock tonight, especially that bald guy. And, you may lose money.
Fly Buy: BWLD
Disclaimer:If you buy BWLD because of this post, goldilocks will eat your brokerage account. And, you may lose money.
Position Updates: TKC
My buy list includes the following:
ECIL, BCE, TKC, ESCH, TKA, PHI, ROS, VIP, NIHD, TLS, NZT and LEAP.
Fly Buy: IVAC
Disclaimer: If you buy IVAC because of this post, global warming will eliminate all ice--effectively ruining the smoothie business. And, you may lose money.
Quick Alert: Market Screwed
I was about to bust loose and make all sorts of money, then the bitch, Mother Market, punched me in the nose and put me back in place.
Other than the Metals, nothing is working.
More on this later...
Fly Sell: VLO
Position Updates: BWLD
Let the stock digest today's drubbing, then buy back the shares you sold @$58. Afterall, you did sell some around $58, right? If not, you are pigheaded donkey puncher.
Buffalo Wild Wings downgraded to Neutral from Outperform at Cowen (58.33 ) -Update :
Buffalo Wild Wings downgraded to Buy from Aggressive Buy at Keybanc- tgt $65 (58.33 )
Morgan Keegan initiates Buffalo Wild Wings (BWLD 58.33) with a Market Perform, based on improving unit economics and solid growth opportunities yet feel shares are fairly valued.
Sector Spotlight: Semiconductors
My point: Earnings season has been very good, so far. The catalyst to sell stocks is just not compelling.
Aside from stocks being up, why in the world should I sell my stocks? Wait, don't answer, it's because the housing bubble and how much less money I have to buy stuff, right?
Well, I have never taken equity out of my house, despite it doubling in value over the last 4 years. Moreover, my new obnoxious spending habits is driven by my fucking brilliant stocks gains.
Bottom line: The appreciation in equities, worldwide, is more than making up for the housing slowdown. Keep in mind, as 401k's increase in value, people can borrow against it-- instead of getting jerked around by some mortgage broker.
Aside from that, I really like the action in the Semi's. Being the most heavily shorted sector, I feel they are due for a major run here- as quarterly earnings subdue the asshat shortseller.
Furthermore, following the great CTXS quarter, the Software sector looks ripe for trade too. There I like ARBA, DRIV, ADBE and SMSI.
The following Semi's have mojo:
Position Updates: MVIS
Laser-Tech Firms Aim to Bring Slide-Show Capability to Cellphones
By ROGER CHENG
January 25, 2007
For people who can't resist showing off their family-vacation photos, the development of new high-tech lasers may allow cellphones to project pictures and videos on the wall like an old-fashioned slide show.
Business users might also find such a cellphone feature handy, enabling them to project a PowerPoint slide presentation or videos onto a large, flat surface.
Microvision Inc. unveiled a working prototype of the tiny projector at the Consumer Electronics Show in Las Vegas this month in what it hopes to be a lucrative new business for the maker of scanning technology. The company plans to sell a projector that plugs into small devices like handsets by mid-2008. Cellphones with embedded projectors will be available by the end of that year, it says.
Microvision's PicoP projector will add about $100 to the price of a cellphone. It is expected to be able to run at least one to 1 ½ hours on a handset's normal battery charge. While Microvision is talking to several top handset makers, no deals have been struck yet.
One of its key features, dubbed infinite focus, allows the projector to display a clear image from two feet to 10 feet away on various makeshift screens, including curved or distorted surfaces. Images range from the size of a large laptop screen, or 30 inches diagonally, to the size of today's jumbo plasma-screen televisions reaching 100 inches or so. Despite the variation in size, Microvision says the laser projectors keep the images clear.
While this could mean big business for Microvision and other projector makers, it remains in the developmental stage. Insight Media, a Norwalk, Conn., market-research firm focused on the display industry, projects sales will increase to nearly five million units by 2009 as costs drop. That figure could jump to nearly 15 million by 2011.
Microvision isn't the only company working on tiny projectors. Others include Motorola Inc.'s Symbol Technologies unit and Israel's Explay Ltd.
"The goal is to provide mobile users with a large screen anywhere," said Alexander Tokman, chief executive of Microvision, of Bothell, Wash. He said the market could be huge if it could capture a sliver of the market for high-end cellphones.
Nokia Corp. and Sony Ericsson, a joint venture between Sony and Telefon AB L.M. Ericsson, have projected industry handset sales well above one billion this year, with high-end phones, including Apple Inc.'s recently unveiled iPhone, expected to be among the fastest-growing segments.
Whether consumers will see the need for projectors in their hand-held devices is still untested. "It's one of these cases that if they build it, they'll hope they'll come," said Chris Chinnock, president of Insight Media. "Consumers don't know about this. This clearly could be a big hit, but it could be a big flop."
Microvision is talking with four of the top five handset makers about the projector. "The cellphone companies have been looking for solutions, but no one has been able to make the display technology," Mr. Tokman said.
The difficulty lies in producing full-color images, which require a projector with lasers that use three colors -- red, blue and green. While much work has been done on developing red and blue lasers, which are already being utilized, there has been less progress on green-laser technology. Without a source of green, no images could be shown in their true color.
Enter companies such as Corning Inc., of Corning, N.Y.; Germany's Osram GmbH; and Novalux Inc., of Sunnyvale, Calif., which all are developing green lasers. Corning is using technology based on its experience in the telecommunications-equipment business.
"The foundation of our approach was to use technology we developed in the telecom phase for creating high-powered infrared light used for telecom components," said David Charlton of Corning, who is in charge of developing early-stage technology projects that could lead to new businesses. He calls green lasers the "keystone component" to a true projector.
Companies are exploring the use of lasers because alternatives -- such as light-emitting diodes -- are less accurate and consume more power. The green laser Corning is developing converts electrical power to light more efficiently, Mr. Charlton said. The idea of projecting images has been around for a while, but the problem of power consumption has been a hurdle for the adoption of the technology into smaller devices.
Corning is currently demonstrating its green laser to consumer-electronics companies and original-equipment manufacturers to get a sense of the demand for a projector. It is likely a manufacturer would bundle the green laser with the red and blue ones from other suppliers to create a projector.
In addition to including the devices in cellular phones or personal digital assistants, the companies envision small projectors in cars for heads-up displays on the windshield or in digital cameras.
Wednesday, January 24, 2007
Quick Alert: Leaving Early
Plus, I have meetings to attend later on today. You don't need me to tell you the sellers are southern fried and Cramer is a dicktard for going bearish on Tech.
Finally, I just finished doing tedious homework on IVAC. Being a supplier of parts for disk drive makers like STX and KOMG, IVAC should report better-than-expected numbers. Also, they have a "Night Vision" division that is doing big business with NATO. They expect revenues to double in 07'.
The Fly sends his regards.
NOTE: This is a great read.
Fly Buy: IVAC
Disclaimer: If you buy IVAC because of this post, you will be wrongly arrested for identity theft. And, you may lose money.
Sector Spotlight: Internet's
Today, the military stocks, particularly GD and LMT, are getting poleaxed-- due to GD's weaker-than-expected earnings. Should LMT come down another buck, I'll be buying more.
The Internet sector is on fire, with outsized gains in MCHX, SNCR, YHOO, GOFH, NCTY, WBMD and FLWS. Despite YHOO's bullshit quarter, the buyers are bidding up the bitch-- probably because they are highly caffeinated and they want to steamroll a few sellers.
The only sectors that are not working are the commodity related ones and defensive stocks. See, I told you misdirection was in play yesterday. Furthermore, if you are still short U.S. equities, I fear you will be "rambo'd"- sometime in the very near future.
Finally, I feel the worst is behind stocks like GLW and CTXS. They're both buys. And, $4 is practically a given for MVIS.
NOTE: The other day Cramer was interviewed by Donny Deutsch and said he punched a guy in the face at an Eagle game. I mean, he's got to be fucking lying-- come on. Had he done that, the punchee would fucking sue Cramer for a gazillion dollars and we would have heard about it by now. How fucking stupid does Jim think we are? Plus, if I were him (Cramer), I'd have a security detail with me-- so that they do all the punching. I wouldn't want to damage my Mad Money finger nails.
Tuesday, January 23, 2007
Lenny Kravitz: Fly Away
My dear shithat shortsellers, you are being cooked alive, like the frog, and you don't even know it.
Today, we had a robust leg up in Energy, Steel, Gold/Silver, Homebuilder and Defense stocks. The game of misdirection is always played this way.
Meaning: In the midst of a bull market, the fuckers who pull the levers of this rigged game, pause leadership sectors, while walking up the defensive ones. This brings all the asshats out of the woodworks, exclaiming the 2nd coming of Jesus is upon us and the exchanges will go to zero. Well, the way this story ends is as usual: The dumb fucking frogs become an entree for the bulls.
Finally, I really like the action in LMT, PHI, WU, HANS, GLD,EQIX and SORL. I'd sell energy related stocks (trading positions only) into this rally and load up on Telecom.
Holy Shit UPDATE: These CTX numbers are the worst I have seen since the WCOM collapse. I mean, these assholes are missing by ten football fields and the stock is barely down. What the fuck? This turd should be down 10 bucks.
Position Updates: HANS
14:49 HANS Hansen Natural: Barclays Global Investors discloses 17.64% stake (37.94 +0.51)
Fly Sell: GMXR
Position Updates: LMT
$100 is almost a given.
Position Updates: MVIS
DJ ) 01/23 11:00AM =DJ IN THE PIPELINE: Handsets May Sport Tiny Projectors
By Roger Cheng
Fly Buy: SVG
Disclaimer: If you buy SVG because of this post, you may accidentally travel back in time and end up being eaten by a fucking dinosaur. And, you may lose money.
Sector Spotlight: Energy
Aside from oil, natty is on fucking fire. If I were to put my balls on the line and make a bet, I'd place chips on GGR, GMXR and UPL.
Bottom line: I am reversing my bearish stance on oil, probably because I am highly caffeinated.
Aside from oil, the market looks decent-- not great. I am somewhat concerned over the weakness in the Brokerage/Bank sector and select Networkers. Although, today would be a perfect day to impale the sellers-- I just don't see it happening without those two sectors participating.
Finally, Gold stocks are being accumulated--as the dollar takes a nosedive. Frankly, I don't know what to make of this, except to suggest being long FXE (Euro Currency Trust) or SVG (levered play on the XAU index).
NOTE: In case you were wondering, I had the Texas Double Whopper yesterday. By far, the best damn burger Burger King has ever made.
The following Energy stocks have mojo:
Monday, January 22, 2007
Gin Blossoms: Hey Jealousy
Now, if I was an oil bull, which I most certainly am not, I'd go long MPQ. MPQ is 300% levered to the OSX and will make you fucking rich-- should oil rebound. However, if oil continues its death spiral-- you will lose it all. But, on this blog, I only like talking about happy things-- so ignore that last comment and categorize it as "fucktarded."
Today, I liked the action in Food related stocks, like HANS, WBD, SFD and DF. On the other hand, I hated the action in the Semi's and my WU position. I swear, if WU doesn't meet their numbers, I will personally smuggle several thousand illegal aliens into the country and drop them off at a Western Union.
Finally, my biggest dog, VSE, ran today-- as speculation over Bush's state of the union speech run rampart. Even though I own it, I do not think this run is for real and would sell into the rally. However, for asset allocation reasons, I will continue to hold-- until the company files for bankruptcy.
NOTE: Register to comment. Quit being lazy.
Late Day Thought
Position Updates: MVIS
Although I love MVIS's technology and the dream of landing a monster winner, I have zero loyalty to Microvision. My objective is to make money in the stock, not help finance them or offer free promotion (which I do too much).
My point: Many of you have followed me into MVIS and I do not want to see you get hurt-- should the market correct. I am a big boy and can withstand asshole buying and selling sprees Moreover, I am able to add to my position at will.
Furthermore, if MVIS hits my price target, which changes all the time, I will sell the fucker and move on. It's that simple. No regrets, no looking back.
I guess what I am saying is MVIS is my diceroll and is not, by any means, a "sure bet" or conservative investment. I have been flame broiled on many stocks, just like MVIS. Moreover, I could get burned on MVIS too. I am 100% aware of the risks associated with buying concept stocks.
Consider this the first and last serious risk disclosure on MVIS.
NOTE: Right out the gate, there was a big seller of about 60- 70,000 shares. My rumor mill (which cannot be verified) says Deutsche Bank has been unloading some shares. Apparently, they own it from much lower prices. Other than that, I like the way the stock has stabilized and would consider buying more if it held $3.60.
Quick Alert: The Wheels Fell Off the Bull Train
On one hand, I would like to eat healthy-- a salad if you will or something else a bird would eat. Maybe I'll eat seeds or grain. After all, birds are pretty damn healthy. I never heard of a bird having a double bypass surgery.
On the trans-fat hand, I feel like eating that tremendously unhealthy Burger King sandwich. You know, the one featured in that new commercial-- mocking men for the barrel asses we are.
Or, maybe I'll eat nothing. I could just sit here like a dicktard, drinking Monster Energy soda, while losing large sums of money and cussing out strangers on the internets.
More on this later...
Position Updates: VIP, TKC
Currently, my fav's are VIP, NIHD and TKC. They are all acting defensive.
NOTE: Please take the new "Fly Survey." Where is oil going next?
NOTE II: For now on, if you fuckers want to turn this blog into a Yahoo message board, you are going to have to register.
Sector Spotlight: Structured Products
Last year, I made a gagillion dollars in NKZ' (ilx quote) or Nikkei 225 call warrants. Basically, it is a levered way to play the NIKKEI.
While slaving over the prospectuses this weekend, I found many interesting products, such as:
Accelerated Return Notes linked to the PHLX Gold & Silver Index (SVG), PLUS linked to the PHLX Oil Service Index (MPQ) or Stock Market Upturn Notes linked to the NIKKEI 225 (SZN).
Now, of course, you fuckers out there would probably like me to explain this shit in detail, but you are dead wrong. See, this blog is not about educating you-- just the opposite. This blog is all about eating Buffalo Wild Wings, drinking large quantities of Monster Energy Soda, while watching me get rich-er. And, don't forget, humiliating my servant/trader.
As the immortal Bud Fox once said to that piker with the Yankee helmet:
"Hey (dicktard)! I am sick and tired of playing wet nurse to you. Do your own research for once."
I know, it went nothing like that. But, you get the point.
Seriously, you can do some hw on the AMEX website, under the "structured products" section.
Keep in mind, many of these products use 300% leverage. Meaning: You can get your ass lit up quicker than a Baghdad bar mitzvah.
NOTE: Some of my previous comments on NKZ-WT.
Position Updates: HANS
(featured in this week's Barron's)
Energizing Hansen Natural - Barrons Online's Weekday Trader (37.08 )Via TheFlyontheWall.com:
Barron's Online reports investors in Hansen Natural turned fickle toward the No. 2 energy-drink co in last year's second half. But new growth initiatives could put some fizz back into the shares in 2007. Although the stock has bounced back somewhat, there is still upside potential of at least 20%, as Hansen starts to reap the benefits of a deal under which brewer Anheuser-Busch (BUD) will distribute its Monster Energy Drink, potentially providing deeper mkt penetration. Hansen also should benefit from new-product introductions, following a pause in its pipeline last year. In addition, the co is likely to emulate energy-drink leader Red Bull's recent decision to boost prices. Some speculate that the Anheuser relationship ultimately could lead to the St. Louis brewing giant to bid for the co. The beauty of Hansen's business model is that the co doesn't own any manufacturing facilities or make its own drinks. Instead, it relies on a network of producers and distributors with more efficient economies of scale to make, package and sell its products.
U.S. Beverages: Not expecting big surprises during earnings season@JPMS JP Morgan believes KO is the most likely company to report a positive earnings surprise. They believe CCE could miss but notes 2007 guidance is more important. The firm is above the street on BUD and sees HANS as their top pick.