This New Year’s eve, my family and I will be toasting to the Ackman’s, whose patriarch, ‘Montauk’ Bill Ackman, walked into 2014 and injured man, but walked out a warrior. Not only did he destroy Carl ‘give me three seats on your fucking board’ Icahn’s stupid HLF short squeeze, he conducted a legal inside trading scheme, by which he allocated 40% of his $10 billion hedge fund into a takeover of AGN, with champion results. Jay Gould, Commodore Vanderbilt and Daniel Drew would be proud.
Some other winners of 2014 include TQNT, SWKS, Airlines, PANW, EA, PPC, AVGO, biotechs, GMCR, NXPI etc.
Semiconductor companies had a massive year, as global demand for electronics swelled to new highs. Truth be told, these parts makers have always been dicey and I am surprised AAPL didn’t squeeze them more. I’d be careful about riding this wave in 2015. We can talk about a thousand different ways 2014 sucked and was awesome. This year can be summed up by two things.
1. Epic breakdown in oil.
2. Amazing melt up in biotech stocks.
Forget about treasuries and Bill Gross’s juvenile lateral move over to Janus. Forget about Yellen, the ECB, Russia and the middled east. What I want to know, heading into 2015, will this trend continue?
Social media took the year off, as well as a number of software stocks. They merely regained lost ground from March’s epic melt down. It was a mixed bag; but ultimately another successful year for Wall Street 1.0.
Cheers to my readers and long term members of iBankCoin’s services and double cheers to ‘Montauk’ Bill Ackman.