Glad to have taken profit from short side, then 3 day break. Now, fantastic double top in place - higher prices, but lower volumes the last 3 days indicate readiness to tank with the rest of market when poor jobs #s come out in a few hours. SELL, SELL, SELL
Sentiment: Strong Sell
Another way he looked at 1140 was the right price to sell around 2/3 is he assumed 400b for apple and then did like 430x20/30PE which came out close to 280b and 1140 pps. Nice..
Or if you go the other way - He is thinking FB should be just 40b market cap but since it is trading in 180s now, he decided to sell in 1140s, which is about 4 times the 282 b that he values for Google. Thanks for a great clue..
Apple has a market cap of 470 b with about 80000 employees. Google has 48000 employees.
470bx48000/80000 = 282 b.
No wonder he sold in 1140s and al the insiders are selling too...
May be he would have waited until Google's market cap is 1275 billion or 1.275 Trillion dollars????
On the other hand FB has a market cap of 186b with 7000 employees - (186b*48000/7000=1275)...
Google will be splitting its stock on April 2nd - I expect the stock to move to 1350 or more prior to split.
Also the Class C shares if they trade with a delta of 1% with respect to Class A shares then Google will Pay $35 per share - this is possible and all share holders may be paid additional $35 per share.
What do you feel - do you agree with what I described?
What do you think is going to happen tomorrow. Up, down or pinned where we are!
whatever you say
Meantime I'll keep making money and you're shorts will continue to come up, well, short
Vir2o seems to be the hot topic now for this stock on the other message boards. I will do more research, but it looks pretty good.