Bitcoin AKA Magic Internet Money

Most people who have heard of Bitcoin think Bitcoin is Magic Internet Money. In layman’s terms Bitcoin is a series of entries in a distributed ledger called the Blockchain. The entries in the ledger are secured through cryptography. Cryptography is also used to protect your online banking website. At a high level Bitcoin and your banking website security are similar. …

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Book review: The Boy Plunger

The Boy Plunger is a biography of J.L. Livermore. J.L. Livermore (Jesse to those who didn’t know him) is the same person who is the subject of the seminal (no homo) investing tome Reminiscences of a Stock Operator. While Reminiscences was known to be loosely based on Livermore’s life, The Boy Plunger endeavors to be a¬†historically accurate biography of one …

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My Portfolio in Video Form

This video reminds me of my portfolio. I am the fireman rushing from stock to stock to put out fires. Most fires have been of the small backyard variety but I have had some multi tenant highrise torchers as well. Sometimes the market works with you, sometimes against you. Lately it’s been against. Here’s to a better 2013.

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VMW: Stay Within the Lines

VMW has been range bound for ~2 years. How range bound? It’s imitating the basejumpers in this video going up and down a tower in Kuala Lumpur over three days. Buy at 87 and sell at 95ish will be my game with VMW.    

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You know nothing John Snow (FB and YELP)

A few weeks ago there were several IBC blog posts bashing FB and YELP. I should know, I wrote several of them. Look at them now. FB is up more than 20% since June 1. YELP up for 50% gain. RaginCajun and ChessNWine opened and closed FB positions. IBC blamed FB for everything from egregious stock losses to impotence. There …

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Stick a Fork in $YELP

Google just added a “Local” section to Google+. LOL NO ONE USES GOOGLE+ you say? Partially true. Today. But the people that matter do (the early adopters), and the rest will follow. Google has a long term plan to organize the world’s information. Ever use their search? They seem to be doing a pretty good job of it so far. …

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Only Happy When It Rains

As a confirmed bear shitter in King Le Fly’s court I am making efforts to retain my top hat during this market swoon, covered in burlap as it may be. However, I will not expose any additional funds to shorting the market. I am already in over my head and bailing water from Q1 2012. Yes, I got net short …

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This is where Facebook Works

I run a consulting business. For me, FB is a blackhole of advertising dollars. I have an artist friend who draws robots. His advertising dollars on FB have resulted in 10’s of thousands of page fans, customers from Europe and Asia and a very significant bump in revenue. FB ads are great for that type of niche player. The deep …

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Facebook Crackheads

(This was drafted Thursday night before the IPO.) At $38/share FB will be valued at $100 Billion. That is 1/10th of ONE TRILLION DOLLARS. Supposedly FB has ~1 Billion users. That means each user is worth $100 (at $38/share). If a click through on a FB ad is worth $10 to FB then each user would need to click on …

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