Buy FXP...

How will an earthquake affect LFC? I'm not too sure yet, but I know when the cost of damage is revealed on their economy, it will be huge.

- LULU heading back to 20s.
- UA heading to 40s.
- Solars up today. Buy on the news for energy, I guess.
- TTES ... not sure how to play this one, but it looks like a very good stranggle play. It either goes 100 or 30... watch and learn.

POT, YGE, LULU ... short em.

I still haven't shorted LULU, but do have some puts in them. I sold some IRBT puts today, but keeping the further months out. I still think IRBT goes to single digits.

Anyway, POT and YGE will have a big correction. You may want to consider buying some SMN on this sell off.

My favorite stock to trade pretty soon will be MA. It is trading about $20 from the uptrend line. You can short it here, but be careful with that trendline. MA has been riding the V ipo steam for too long. Remember, V stated at a huge marketcap, giving MA a reason to move up. Expect it to give back a whopping 60 - 70 points!!

It's gonna get ugly again...

Well, here we go. Sell in May, go away until 2010. LoL!

What a horrible time to be going long. Anyway, sorry I haven't been around. I've been helping a friend out with his dad's funeral. You know how that goes... when there's money involved, and there's a lot of kids, it can get ugly. Turns out, all the money was left to my friend, which makes him familial-enemy #1.

Then I had to help out another friend who has been hit with some kind of depression. Basically, just being there for him, and now I'm in the middle of helping him with his business...

... and oh yeah, I'm helping another friend start his own plumbing business, so I've been making trips to the board, and state tax office blah blah blah.

So yeah, ever since tax season was over, I've been just giving myself away... I basically told everyone, "i'll help you after tax season." Haha. Oooops.

I have to make some time tomorrow to start shorting stocks, because I think Friday we get a big drop... the Vix will be back.

... in the meantime, I've been getting really worked, I need to reward myself. I think I'll just go buy a car. LoL!

Buy UA NOW!!!

I've been waiting for UA to join an index. It's about time, and it got a good one. Joins the SP MidCap 400. It's way better than the SP 500 in my opinion... look at the 400's top holding = ISRG! Nice.

1-year target for UA = $60

Your Call - SecondHand Serenade

Man, I'm getting soft? LoL! Good song, dumb vid...

No buy zone, Vix 18

Hi guys. Just wanted to mention the ViX is ridiculously low, and is finding some quiet support around 18. Yes, it's waaaaaaaaaaay too quiet out there! Look to start shorting sectors with low volume rallies. I have a few ideas.

Anwyay, we are living in a very interesting era... an era where the consumer has gone beyond buying power. It was okay before, when people used buying power to invest in appreciating assets. Now, we're buying highly marked up technology with insane depreciable rates! It's good for the market now, but we will see some ugly effects in the near future. I already had to drop 3 accounting clients because they couldn't afford me. Well, I'm in the process of re-writing a billing proposal because they really don't want to let me go, but you get the idea that people and businesses everywhere are trying to cut cost.

It's energy versus entertainment. We know which one people will cut first.

Bearish: solar (technical... JASO, YGE), AAPL, WM, AMZN, Casinos (MPEL, WYNN- descending triangle)
Speculative longs and good old fashioned longs: ZNH, UA, MELI (Latin eBay), NCTY (breakout from consolidation?), Steel and Carbon (X, CCC)

iRobot's 10-k

Well, finally IRBT released their 10-K today. If I were an investor, I'd dump it and go somewhere else. Some numbers that show IRBT is struggling...

- Revenue is slightly going up, but gross profit is going down = cost of product cycle is going higher ... the amount of money spent on advertising and marketing went really high. ...sounds desperate to me. If their campaign doesn't work well, all the spec money is out of there!

- The rise in revenue can be attributed to higher inventories in third-party sellers, some of which are in the threat of bankruptcy, ie, "Linens 'N Things ". That means next quarter will also be bad.

- and of course, the line everyone cares about... IRBT still is posting a net loss. IRBT is innovative, but they will struggle in the near and medium term future. Go check out the 10-k yourself. iRobot is no iPod.

... iRobot needs to design a robot that will steal money from oil companies in order to post a profit. Single digits, here we come!

Designer paper, and printer drums

I just bought a printer drum for my printer, it cost me about $110 for the drum, and $80 for toner. Then I open the newspaper and I see an ad for the next generation of my printer that includes the drum and toner for about $150.

... LoL!

Yeah, I'm heading back to the computer store to drop my old printer on the sales guy's foot. Shouldn't he tell us about these things? I mean, they wear all this Nascar equipment- ear pieces, blue tooth head seats, handsfree walkie-takies, and mini-computers attached to their belts that can access an encrypted database on the store's intranet.... and they STILL are useless sales-people. Bleh.

Oh yeah, and I also realized the "premium paper" I am using to print out tax returns is eating away at my profits. Ha!! $50 for 4 reams. Hahahaha! I never thought I would complain about the price of paper until I had to print out a 60-page tax return. I think I would save money if I just print on dollar bills. That's it... you're all e-filing next year!!!

POT continues to fall, IRBT has just begun

What can I say? Told you so?

Hehe. POT heads are too high to see I was right.

As the market rips higher, POT drops another 6 points on 10 million volume. That smells like a correction to me, and man does it feel good to prove you wrong yet again.

Oh yeah, IRBT hit a new 52-low after I gave it the kiss of death yesterday. Hmmmm, let's see:

" we faced some macro economic challenges during the quarter that impacted our bottom line and changed our outlook for the rest of 2008,” said CEO, Colin.

"And somehow I don't think a robotic vacuum cleaner is on everyone's to-buy list when people can't afford bread or gas."

I cut through the nonsense and said it straight up. Be cheap, but not lazy... Get out a broom and sweep up your bread crumbs. I think I'll get me a Roomba and sweep out all the haters. It's funny how they won't admit a good call when it's right in their face.

Comments section is open. ;-)

iRobot....

I do NOT like the price action in IRBT. And somehow I don't think a robotic vacuum cleaner is on everyone's to-buy list when people can't afford bread or gas. Right now, you should start looking for more of these luxury / innovative but useless / gadgety type companies and short them. They will be pretty much cut in half by 2009.

Now if IRBT makes a machine that would beat up people, then I'd go long.

You're all WAY OFF!!

Go back to my post on Friday evening. I said... "BIG CORRECTION COMING UP."


... "COMING UP" !!!!!

What does that mean? Does it mean the next day? HAHAHA! You all don't know how to trade if you trade from day to day. And you're dumb if you went and shorted it the next day.

Now go look at POT's 3-month chart. Can you find the spot where I said "correction COMING UP?"

HAHAHAHAHAAAAAAAAAAAAAAAA!

Now look at that nice straight line from March 27 up until April 20. Everyone was calling a top there. But they failed to see the technicals I saw that show up time and time again that signal that a rally is going to have a correction (correction = 10% swift decline. We had almost 17% in 5 days on HIGH VOLUME. That's a correction to me.).

Stop confusing me with other bloggers who call a top everyday until they are right.

"Timing is everything." ... amen. I've got so many quarterly taxes to get postmarked by today. I hate April.

(What's even more funny are people who make like 20 calls a day.... eventually they'll get one right. Ha!)

Anon is an idiot!!

Hahaha! I knew I would fish him out! HAHAHAHA!! I love it!!!!!!!!!!!!!!!!

I did not say the next day there would be a correction. Haha! I NEVER TRADE LIKE THAT. I said, it's coming up. And it did... just like I said.

Anyway, you're all welcome for taking profits. Carry on. Down with the greedy and those me-too investors. Hehe.

Ag stock correction.... AS PREDICTED

Hi non-believers. You just have not traded long enough to know when to quit buying momomomomo stocks.

Ag stocks taking a hit. About 20%, just like I said.




... your greed, your loss. POT down 16% in 5 days.

Weeee! Tax time is NOT over.

Man, I've never had this many extensions before. And I've never had this many people have trouble paying taxes. I HATE APRIL. I still have to pay my own quarterly taxes, and all these people who owe taxes have to pay their quarterly taxes. HAHAHAHA. Wow, it's fun throwing money at the government. I think we have our own helicopters.

Anyway, for those of you who don't know, here in the beautiful Hawaiian islands, we have to pay 4.5% general excise tax on gross earnings. It's tough for people here, because we have a pseudo-tax... shipping. However much you pay for gas, add about 50 cents. Whatever you pay for rice... well, put it this way, we actually have a limit of the amount of rice to buy here at Costco!! HAHAHAHA!

... GOOD TIMES!

More on this later...

Con Techno Partiro

Haha. This may have destroyed a classic. But its catchy, and good to shower to...