"irrational undervaluation" and peanut gallery negativity

Well, there was the ipod, then the ipad, then the iphone and now storms in the icahn.
Apple now going against it's biggest challenge. Icahn twits a single statement: Lauching a website to get Apple to unload it's horde of  150 billion  in cash. Icahn has pushed my buttons and won more battles than lost. He goes after the buffoons in the boardrooms. Icahn smells the cash and see it just sitting there, in Apple's golden chambers. Icahn thinks management is doing ok but the problem are the board members. Icahn said those fellows have no idea of finance. Here's what I think. Icahn, unlike the early past, is going to go public and push and push apple to unload most of it's 150 billion of cash and if apple doesn't cooperate, will get some other billionaires to join in and force apple's board to have a election to either force some of the members out and bring in his own.

Icahn opened his website on Thursday which displayed the letter sent to AAPL ceo Cook regarding the buyout request. Icahn also indicated he's up his shares in AAPL by 22%.  Icahn also sees a 1250 target for AAPL if it does the buyout recommendation.

The stock portfolio is listed below.  I started the portfolio in May, 2013 using a price action strategy and it is doing quite well, take a look ! 


The 'Game' is to win

Winning is  ...      finding Momentum , grabbing it, profiting from it, and then releasing it.

 Our site:  Stock Market trading / live portfolio, beautiful art, beautiful photos, best poems, classic cars, top vintage pictures, movie top 10, following top individuals,  and of course eye candy.

 The 'portfolio' will follow 'The daily log'
The Daily Log
I plan to discuss three of the classic books ever written about the market in later editions. At this point, I will name the three:
The Money Game by Adam Smith   (George Goodman)
The Battle for Investment Survival ,  G. M. Loeb
Reminiscences of a Stock Operator -  Jesse L Livermore , by Edwin Lefevre
There are major points in the above three books that I have incorporated in my trading. There are other books and I will state those in time.
I am neither a short term investor nor a long  term investor. I prefer to state it as a smart term investor. I have bought and sold stocks the same day and I have kept stocks long term (AAPL I bought in 2009 and still hold). It depends on the stock. My only concern is to have profit gain on a consistent basis.
 8:55am   Wow, the members of the peanut gallery are full of negative articles today on winning stocks!  There's a piece from 24/7 wallstreet that got front line attention from the mainstream media that short sellers are increasing their short bets on internet stocks. Hey guys, sorry to tell you that the 3rd week of October is one of the worst times historically to go negative on internet stocks!
Go ole The Wall Street Journal had a bear write a negative article on TSLA Telsa. Most of it has to do with valuation. Seriously everybody and his brother knows this stock is all about future growth, changing the dynamics in the auto industry with well made autos running on electricity instead of fossil fuels! and being run by a billionaire CEO that knows what he's doing.
Yahoo finance mainstream internet just posted a feature article by Hot Minute stocks for all people that puts doubt on these winnings stocks ...> "Is there an unjustified euphoria with tech stocks like Amazon, Google and Netflix? They're among a number of companies that have surged on earnings"
So far the negative articles aren't working. Do you think there might be some street manipulation going on? 
 9:10am Sold all of APOL for over $400.00 net profit.
9:12am  Portfolio now showing an overall gain of over 18K intraday!
10:15am  AAPL (Apple).  News item:  " In the near future, Apple is expected to release a connected wristwatch, entering the market of wearable computers. Gartner, the research firm, has estimated that market  could be worth $10 billion in three years."
Sold DG and FEYE

: Annualized rate of return calculation. 
It is shown on the first and  last page of the portfolio spreadsheet. It is based on an average portfolio cost basis  of $80,000. More times than not I am below that amount.  My rules as stated at the beginning of our blog site is that I will not have more than $100,000 at risk at any given time and no more than 12 equities in the portfolio.
 My annualized return is based on a 365 year, the formula is provided by Google Drive spreadsheet software.
 The rate will be calculated each day after market closing.

My real account live portfolio (started Mid May 2013) This same portfolio is shown in a larger frame at the end of this posting


Price... follow the Price.. Money does and money flows to where money grows. I don't care about moving averages of any kind or flavor. I have no clue what oversold or overbought means nor do I care. Even volume numbers can be deceptive. I look at Price. Price is the result of the entire spectrum thoughts of those who are buying and selling stocks. Price is true. Price is honest. Price at any given time  provides the result of anyone's and everyone's  analysis, comments, posts, blogs, manipulations, media news, etc etc etc.

I don't have the time or inclination to purchase an entity and see if it's a winner in 5 years. My preference is to find out in 5 minutes. I love to purchase a stock that hits a first time new high, whether  the new high is a 52wk high, a yearly high, an all-time high ..because... the odds are that it's more than likely to continue to hit even more highs. The 'first new high' is likely to be the lowest high.
 Don't get snaked into making a decision based on someone's analysis or expectations. Instead based your purchase on price movement.
Are you watching the hot  stocks ?


...In case you would like to follow our stock trades up to the very minute. I try to 'print' the trade within a minute or seconds on 'Stock Twits' (STOCKTWITS.COM) before I update them on here. You can follow me on stock twits by going to stocktwits.com and signing in (it's free). Then follow ROBMARKETBLIND.





Painting and Photo Art   section   





 By Julia Kulkina
By Shayn Art
This is one of my favorites 
Her name is Donika Nikova, a digital artist, graphic and web designer.
 ." Sometimes it's nice to get lost, in order to find yourself. So it happened to me."
She wondered and looked deep inside, to the child who dreams of a colorful world, full of iridescent pastel colors, a world in which reigns a single law - that of love and harmony and being obsessed with memories of childhood thrills and excitement.

                                    By Monalli

                                                John Robert Peck-Viola




Raphael Soyer  
Russian-born American painter.. He is identified as a Social Realist because of his interest in men and women viewed in contemporary settings which included the streets, subways, salons and artists' studios of New York City 


The Eye Candy section



Grace Kelly

Elke Sommer

sans shoes 

with shoes 



Classic Auto of the Day  
Invest in a classic car that is certain to appreciate in value  

If the right car does turn out to be an appreciating asset, any later sale is not subject to capital gains tax.

Thought for the Day



Famous vintage picture : Jane Russell


That's all Folks  





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