An Update From the Heart of the Confederacy - InvestingChannel

An Update From the Heart of the Confederacy

I’m driving a rental car with Pennsylvania plates on it. Here in Richmond, VA, it’s a tale of two cities: one a disgusting slum filled with ham and eggers. The other part of the city is for the drunken red necks, who possess very little in the way of decorum, like their ancestors.

Whenever someone asks me where I’m from, I point to the plates and say “Gettysburg,” with a smile of course.

Just today I had the pleasure of witnessing a couple having a foul mouthed ruckus, in front of my family of course–southern hospitality at its best.

Speaking of hospitality, I am pleased beyond words to see Carl “give me three seats on your god damn board” Icahn announced a large position in AAPL. For those of you who are young and stupid in this business, read his biography “King Icahn” and understand why Mr. C is the best activist investor who ever lived.

I own shares of AAPL and have been bullish since $400. Going long some AAPL $500′s, DEC, is probably a good gamble here, considering Carl is likely going to oust Tim Cook and punch him in the face.

CREE missed earnings, which is very customary for them to do. The company has horrendous management, despite being in a white hot space. I’d wait for it to dip, then start a position with size.

I had a decent day in the markets, nothing really exciting. In case you’ve forgotten, I have been researching into the biotech sector, with the assistance of a very intelligent doctor, who happens to believe he is a good investor too. Needless to say, he’s been very accurate with his picks and has confirmed that one of my ideas was in fact a good one, taking a position, in for the long haul.

I will reveal said position soon.

Night ya’ll.