Finally, A Reason to Buy an iPhone 3G

The geeks in the valley have gotten their butt kicked nearly ever day since Steve Jobs gave birth to the iPhone 3G, at least if you keep score like I do. Research in Motion (RIMM-NASDAQ), whose stock seems to outperform Apple, Inc’s (AAPL-NASDAQ) stock nearly every day.

While the big money crowd on Wall Street seems to favor RIM, Mactards are not going to give up their religious crusade, and while the phone looks cool, their impartiality makes them look foolish. However, the first compelling reason to trade in my Pearl for an iPhone has me mulling my handset options.

Ricks Cabaret (RICK-NSDAQ) and the other porn plays on the Street have long suffered from benign neglect, and while the valuations were tempting, the stocks were strictly verboten.

But things are changing, as some institutional investors bid up the stocks, and the growing acceptance for Porn on the Street has an Apple angle to it, as the owner of the site iPorn readily admits:

At AdultVest, Koenig is feeling good—that’s the idea, after all—about his crown jewel, iPorn. He’s offering free membership for customers who sign up for a ``pre-launch’’ test before he unveils the Web site later this year.

``Twenty percent of our traffic is from iPhones,’’ he gushes of the initial response, adding that iPhone users can download the iPorn icon ``right on the phone so that you can access your iPorn any time you’re on the go.’’ Porn watchers can even ``carry it with them and watch on an airplane.’’

Uh, not if they’re sitting in my aisle, they won’t. Flight attendant, could you ask the guy in 3D to give up his toys and just read a book or something? Bloomberg

And while I don’t know if Steve Jobs is ill, his stock has been bad medicine, and could certainly use a little Viagra. Whole lotta trash talking, but a one-sided affair since Apple’s WWDC. The geeks will keep humping it, and hopefully a little multiple expansion rubs off on them before the RIM rubs them out, and they have nothing left to do than rub one off while fondling their iPhone’s.
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Mactards talk trash, but the scoreboard does not lie. Trailing one month returns:

RIMM.. +5%
AAPL… -3%

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Hedge While You Play, Profit From Porn, Sex Toys
Bloomberg

Be Careful What You Wish For, Apple Shareholders
1440 Wall Street
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The content contained in this blog represents the opinions of 1440 Wall Street. This commentary in no way constitutes a solicitation of business or investment advice. It is intended solely for the entertainment of the reader, and the author. No Positions

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