{"id":27007,"date":"2014-07-16T09:44:58","date_gmt":"2014-07-16T13:44:58","guid":{"rendered":"http:\/\/www.technologyinvestor.com\/?p=27007"},"modified":"2014-07-16T09:44:58","modified_gmt":"2014-07-16T13:44:58","slug":"a-wonderful-day-of-sorts","status":"publish","type":"post","link":"https:\/\/www.technologyinvestor.com\/?p=27007","title":{"rendered":"A wonderful day, of sorts."},"content":{"rendered":"<p style=\"text-align: left;\">Janet Yellen says some stocks are bubbly, but proposes to do nothing, except watch. Hint: You could raise margins rules for buying stocks, currently a ridiculously low 50%.<\/p>\n<p style=\"text-align: left;\">Hamas rejects Egypt&#8217;s cease-fire idea. Rockets continue. This is a war it can&#8217;t win. But why inject logic into any of this?<\/p>\n<p style=\"text-align: left;\">Syria&#8217;s CEO continues to destroy his own country. Not too sure why. Can anyone get inside the nuts of the middle east? Aleppo is Syria&#8217;s largest city. It&#8217;s ow basically in ruins. Read what it&#8217;s like to live there. Really depressing. Click <a title=\"What daily life is in Aleppo, Syria\" href=\"http:\/\/www.economist.com\/blogs\/pomegranate\/2014\/07\/syrian-diary\" target=\"_blank\"><strong>here.<\/strong><\/a><\/p>\n<p style=\"text-align: left;\">Deliver Alpha conference is on today. Hedgies tout their favorite trades. From <em>Business Insider<\/em>, here&#8217;s a rundown of how last year&#8217;s stock picks did since the <a href=\"http:\/\/www.cnbc.com\/id\/100388833\">2013 conference:\u00a0<\/a><\/p>\n<ul style=\"text-align: left;\">\n<li><strong>Larry Robbins (long<\/strong> <strong>Walgreens):\u00a0<\/strong>Robbins, the best performing fund manager of 2013, said\u00a0<a href=\"http:\/\/www.institutionalinvestor.com\/Article\/3231909\/The-Best-Tweets-From-Delivering-Alpha.html#.U8Vh13Nes1c\"><strong>Walgreens<\/strong>\u00a0was a winner from Obamacare<\/a>. The stock is up more than 43%.<\/li>\n<li><strong>Kris Jenner (long Vertex, Gilead Sciences, and Pharmacyclics):<\/strong> Jenner, who runs Rock Springs, saw <a href=\"http:\/\/finance.yahoo.com\/echarts?s=VRTX+Interactive#symbol=VRTX;range=1d\"><strong>Vertex<\/strong> go up 15%<\/a>, <strong>Gilead<\/strong> <a href=\"http:\/\/finance.yahoo.com\/echarts?s=GILD+Interactive#symbol=GILD;range=1d\">go up 55%<\/a> and <a href=\"http:\/\/finance.yahoo.com\/echarts?s=PCYC+Interactive#symbol=PCYC;range=1d\"><strong>Pharmacyclics<\/strong> go down 6%<\/a> since last year&#8217;s conference.<\/li>\n<li><strong>Leon Cooperman (10 long picks)<\/strong>: Value investor Cooperman presented 10 of his favorite stocks last year. Here&#8217;s how they performed:\u00a0<strong>Express Scripts\u00a0<\/strong>(<a href=\"http:\/\/finance.yahoo.com\/echarts?s=ESRX+Interactive#symbol=ESRX;range=1d\">up 2.6%<\/a>),\u00a0<strong>Qualcomm\u00a0<\/strong>(<a href=\"http:\/\/finance.yahoo.com\/echarts?s=QCOM+Interactive#symbol=QCOM;range=1d\">up 26%<\/a>),\u00a0<strong>Thermo Fisher Scientific<\/strong>\u00a0(<a href=\"http:\/\/finance.yahoo.com\/echarts?s=TMO+Interactive#symbol=TMO;range=1d\">up \u00a034%<\/a>),<strong>\u00a0<\/strong><strong>Qualicorp <\/strong>(<a href=\"http:\/\/finance.yahoo.com\/echarts?s=QUAL3.SA+Interactive#symbol=QUAL3.SA;range=1d\">up 74%<\/a>)<strong>,\u00a0<\/strong><strong>Sandridge Energy <\/strong>(<a href=\"http:\/\/finance.yahoo.com\/echarts?s=SD+Interactive#symbol=SD;range=1d\">up 26%<\/a>)<strong>,\u00a0<\/strong><strong>Arbor Realty Trust<\/strong>\u00a0(<a href=\"http:\/\/finance.yahoo.com\/echarts?s=ABR+Interactive#symbol=ABR;range=1d\">down 3%<\/a>),\u00a0<strong>Atlas Resource Partners <\/strong>(<a href=\"http:\/\/finance.yahoo.com\/echarts?s=ARP+Interactive#symbol=ARP;range=1d\">down 10%<\/a>)<strong>, Chimera Investment Corp <\/strong>(<a href=\"http:\/\/finance.yahoo.com\/q;_ylt=ArkligRbrrGuQsZlDM3eEfKiuYdG;_ylu=X3oDMTBxdGVyNzJxBHNlYwNVSCAzIERlc2t0b3AgU2VhcmNoIDEx;_ylg=X3oDMTBydnYyaTRiBGxhbmcDZW4tVVMEcHQDMgR0ZXN0AzUxMjAxNw--;_ylv=3;_ylc=X1MDMjE0MjQ3ODk0OARfcgMyBGZyA3VoM19maW5hbmNlX3dlYl9nc19jdHJsMgRmcjIDc2EtZ3AEZ3ByaWQDBG5fZ3BzAzQEb3JpZ2luA2ZpbmFuY2UueWFob28uY29tBHBvcwMxBHBxc3RyAwRxdWVyeQNDSU0sBHNhYwMxBHNhbwMx?p=http%3A%2F%2Ffinance.yahoo.com%2Fq%3Fs%3DCIM%26ql%3D0&amp;type=2button&amp;uhb=uhb2&amp;fr=uh3_finance_vert_gs_ctrl2_a&amp;s=CIM\">up 6%<\/a>)<strong>, THL Credit <\/strong>(<a href=\"http:\/\/finance.yahoo.com\/echarts?s=TCRD+Interactive#symbol=TCRD;range=1d\">down 12%<\/a>), and\u00a0<strong>KKR Financial Holdings <\/strong>(<a href=\"http:\/\/finance.yahoo.com\/echarts?s=KFI+Interactive#symbol=KFI;range=1d\">up 5%<\/a>)<strong>.<\/strong><\/li>\n<li><strong>Nelson Peltz (Pepsi and Mondelez):\u00a0<\/strong>Activist investor Nelson Peltz <a href=\"http:\/\/www.businessinsider.com\/nelson-peltz-delivering-alpha-2013-7\">said that he wanted Pepsi to buy Mondelez<\/a>. A deal hasn&#8217;t happened. <strong>Pepsi<\/strong>&#8216;s stock <a href=\"http:\/\/finance.yahoo.com\/echarts?s=PEP+Interactive#symbol=PEP;range=1d\">is up 7%<\/a>, while <strong>Mondelez<\/strong> stock <a href=\"http:\/\/finance.yahoo.com\/echarts?s=MDLZ+Interactive#symbol=MDLZ;range=1d\">is up 26%<\/a>.<\/li>\n<li><strong>Carl Icahn<\/strong> <strong>(long Herbalife):<\/strong> Icahn famously snapped up a massive long stake in <strong>Herbalife<\/strong> after his long-time rival Bill Ackman publicly declared he&#8217;s short $1 billion worth of the stock. Icahn has said that he thinks Ackman will be the victim of the &#8220;mother of all short squeezes.&#8221; Since Delivering Alpha 2013, <a href=\"http:\/\/finance.yahoo.com\/echarts?s=HLF+Interactive#symbol=HLF;range=1d\">shares of Herbalife are up 23%<\/a>.<\/li>\n<li><strong>Jim Chanos (short Caterpillar):<\/strong>\u00a0Chanos said he was betting against\u00a0<strong>Caterpillar<\/strong>\u00a0because of\u00a0&#8220;commodities super cycle headwinds.&#8221; So far, that short hasn&#8217;t played out in his favor. Shares of Caterpillar\u00a0<a href=\"http:\/\/finance.yahoo.com\/echarts?s=CAT+Interactive#symbol=CAT;range=1d\">have risen more than 27%.<\/a><\/li>\n<li><strong>Mark Kingdon (long Aegerion Pharmaceuticals):<\/strong> Kingdon&#8217;s <strong>Aegerion<\/strong> pick <a href=\"http:\/\/finance.yahoo.com\/echarts?s=AEGR+Interactive#symbol=AEGR;range=1d\">tanked 63% since last year&#8217;s conference.<\/a><\/li>\n<\/ul>\n<div style=\"text-align: left;\">Read more: <a title=\"Delivering Alpha conference\" href=\"http:\/\/www.businessinsider.com\/cnbc-delivering-alpha-2013-performance-2014-7#ixzz37dYWJ01q\" target=\"_blank\">Click <strong>here.<\/strong><\/a><\/div>\n<div style=\"text-align: left;\"><\/div>\n<div style=\"text-align: left;\">I like these conferences. You get some ideas. You research them and then you make your bet. There is, of course, an alternative. Buy a simple broad-based fund, like FMILX:<\/div>\n<div style=\"text-align: left;\"><\/div>\n<div style=\"text-align: left;\"><a href=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2014\/07\/FMILXoneyar.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-27011\" alt=\"FMILXoneyar\" src=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2014\/07\/FMILXoneyar.jpg\" width=\"568\" height=\"236\" srcset=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2014\/07\/FMILXoneyar.jpg 568w, https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2014\/07\/FMILXoneyar-300x124.jpg 300w\" sizes=\"auto, (max-width: 568px) 100vw, 568px\" \/><\/a><\/div>\n<div style=\"text-align: left;\"><\/div>\n<div style=\"text-align: left;\">Or an ETF that mimics the S&amp;P 500:<\/div>\n<div style=\"text-align: left;\"><\/div>\n<div style=\"text-align: left;\"><a href=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2014\/07\/SPOneYear.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-27012\" alt=\"S&amp;POneYear\" src=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2014\/07\/SPOneYear.jpg\" width=\"566\" height=\"238\" srcset=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2014\/07\/SPOneYear.jpg 566w, https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2014\/07\/SPOneYear-300x126.jpg 300w\" sizes=\"auto, (max-width: 566px) 100vw, 566px\" \/><\/a><\/div>\n<div style=\"text-align: left;\"><\/div>\n<div style=\"text-align: left;\"><span style=\"color: #0000ff;\"><strong>The only variable you can affect.<\/strong><\/span> It&#8217;s the price you paid. Everything else will be out of your control. Buy when there&#8217;s blood in the streets has worked in virtually all the boom and bust cycles of the last 50 years.<\/div>\n<div style=\"text-align: left;\"><\/div>\n<div style=\"text-align: left;\">Is Detroit it? You really have to read this cover piece from Sunday&#8217;s New York Times Magazine:<\/div>\n<div style=\"text-align: left;\"><a href=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2014\/07\/DetroitThroughRoseColoredGlasses.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-27015\" alt=\"DetroitThroughRoseColoredGlasses\" src=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2014\/07\/DetroitThroughRoseColoredGlasses.jpg\" width=\"590\" height=\"724\" srcset=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2014\/07\/DetroitThroughRoseColoredGlasses.jpg 590w, https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2014\/07\/DetroitThroughRoseColoredGlasses-244x300.jpg 244w\" sizes=\"auto, (max-width: 590px) 100vw, 590px\" \/><\/a><\/div>\n<div style=\"text-align: left;\"><\/div>\n<div style=\"text-align: left;\">Property costs have dropped to the point that barriers to ownership are absurdly low.<\/div>\n<div style=\"text-align: left;\"><\/div>\n<div style=\"text-align: left;\">Black and white, young and old, billionaires and shop owners &#8212; a growing chorus of optimists in Detroit is saying that the time is right to invest, says the Times.<\/div>\n<div style=\"text-align: left;\"><\/div>\n<div style=\"text-align: left;\">You must read the entire Detroit piece. Click <a title=\"Buy Low in Detroit\" href=\"http:\/\/www.nytimes.com\/2014\/07\/13\/magazine\/the-post-post-apocalyptic-detroit.html?ref=magazine\" target=\"_blank\"><strong>here.<\/strong><\/a><\/div>\n<p style=\"text-align: left;\"><script type=\"text\/javascript\">\/\/ <![CDATA[\n(function(i,s,o,g,r,a,m){i['GoogleAnalyticsObject']=r;i[r]=i[r]||function(){   (i[r].q=i[r].q||[]).push(arguments)},i[r].l=1*new Date();a=s.createElement(o),   m=s.getElementsByTagName(o)[0];a.async=1;a.src=g;m.parentNode.insertBefore(a,m)   })(window,document,'script','\/\/www.google-analytics.com\/analytics.js','ga');   ga('create', 'UA-45200733-1', 'technologyinvestor.com');   ga('send', 'pageview');\n\/\/ ]]><\/script><\/p>\n<p style=\"text-align: left;\"><a href=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2013\/07\/HarryNewton.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-21218\" alt=\"HarryNewton\" src=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2013\/07\/HarryNewton.jpg\" width=\"200\" height=\"199\" srcset=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2013\/07\/HarryNewton.jpg 200w, https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2013\/07\/HarryNewton-150x150.jpg 150w\" sizes=\"auto, (max-width: 200px) 100vw, 200px\" \/><\/a><br \/>\nHarry Newton who spent yesterday dealing with the junk of private and small companies. As I&#8217;ve written endlessly in recent weeks, stay away from small private company investments. they don&#8217;t lead to a peaceful, nor predictable life. I installed new brakes on my bicycle yesterday. Best decision in years. I can now stop.<\/p>\n<p>&nbsp;<\/p>\n<p><script type=\"text\/javascript\">\/\/ <![CDATA[\n(function(i,s,o,g,r,a,m){i['GoogleAnalyticsObject']=r;i[r]=i[r]||function(){   (i[r].q=i[r].q||[]).push(arguments)},i[r].l=1*new Date();a=s.createElement(o),   m=s.getElementsByTagName(o)[0];a.async=1;a.src=g;m.parentNode.insertBefore(a,m)   })(window,document,'script','\/\/www.google-analytics.com\/analytics.js','ga');   ga('create', 'UA-45200733-1', 'technologyinvestor.com');   ga('send', 'pageview');\n\/\/ ]]><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Janet Yellen says some stocks are bubbly, but proposes to do nothing, except watch. Hint: You could raise margins rules for buying stocks, currently a ridiculously low 50%. Hamas rejects Egypt&#8217;s cease-fire idea. Rockets continue. This is a war it can&#8217;t win. But why inject logic into any of this? Syria&#8217;s CEO continues to destroy [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-27007","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts\/27007","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=27007"}],"version-history":[{"count":0,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts\/27007\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=27007"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=27007"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=27007"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}