Hello old friend. I was looking through old posts yesterday to try to find the date we discussed the 100 million subs. They crossed the 50 million threshold, but I wanted to get a peg on the exact date we discussed. If you find it in your posts let me know. By the way I did eat crow on another post in which I had stated that it would go back down to $250 before it ever hit $400. Glad I've been avoiding this on the short end for quite some time.
My LGF has finally paid off after a year or so of pain. I kept buying as it dipped further, so it paid off rather well when I sold half of it @$32 the other day.
I thought I remember a chartist saying a few weeks back that if this closed under $435 that it was headed to $390. We shall see.
I'm right their with you. Nothing she has done has brought value to the company. She has only enjoyed the rise in share price because of the Yang's decision to invest $1 billion in Alibaba. I would have preferred brains and experience over beauty. I would have taken Meg Whitman (obviously before she went to HP) over Marissa. The most discouraging aspect to me is that she didn't seem to learn much from her 13 years at Google. It is amazing how she could be so high in Google and not have had any foresight into the future. I can write a really long message about her mistakes, but it's not even worth it. The only hope now for shareholders is that Alibaba has a GoPro like IPO and we get a better opportunity to get off before the ship completely sinks. Time for a new CEO.
He meant news about Prince William and Kate Middleton. After all they are Americas sweethearts. Oh yeah, NFLX being bought out by Alibaba, GOOG, YHOO, MSFT, AAPL, TSLA, YELP, and/or PG. Razors, toothbrushes, and streaming video go well together. I also heard the Koch brothers and Soros may be teaming up to take it private.
I'm not short NFLX. 'm long YHOO because of the reason Hapi states below. Most estimates value YHOO's 24% stake in Alibaba at about 37 billion. Their current market cap is $38 billion. With their cash on hand and Alibaba it seems like a nobrainer. I think they are a company headed in the wrong direction, but a value of $0 is a bit rediculous.
This is the same line of thinking I had about NOkia when it was trading in the $4 range. The sum of the parts were worth more than the whole. Then MSFT overpaid for their handset business and I caught what amounted to more than a double over the course of a few months on cheap options. The premium on the YHOO contracts is really low and makes it more enticing to waiting a few months while not having to layout a lot of money. I currently own 20 contracts . I kind of hope it goes lower so I can load up on more. I don't have to like a company to go long, or hate a company to go short.
I agree. I am long YHOO and I think she is incompetent. I think Alibaba will make YHOO soar until they figure out that Meyer will not have any idea of what to do with the money. based on current trends there will be a special dividend or share buyback, neither of which are a good long-term for the company itself. Hopefully NFLX is trading in the mid 200's by then and maybe they can make a decent acquisition.
Wow. AAPL is buying NFLX, TSLA, TWTR, and so many other companies. These message boards have been littered with this horrible speculation for years. Apple should buy a new CEO that believes in innovation and not financial engineering and tax tricks. I think if any one is to buy NFLX it will be a media company, not AAPL, GOOG, or MSFT. The only company in the tech space that should buy it is YHOO since they are no longer relevant and are about to come in to a lot of cash. Plus Wall Street is infatuated with Meyer since she looks like a semi-decent looking housewife.
He/she has about 10 other id's besides green eggs. You also left out YELP, DDD, and a few others on the plunge list. However, I would agree that now is not a good time to be short MOMO stocks. Many of them have put in temporary bottoms and seem to be bouncing a bit. I wouldn't go short for a while, especially NFLX which seems to be best ion breed for MOMO's. I think trash like TSLA, YELP, and TWTR will get hammered in the near future, but not yet.
I'm surprised you are posting. Maybe you should be over at the TSLA board explaining why King Tesla is getting hammered again. I would take a few weeks off from message boards as it seems that you own nothing but MOMO's and are getting cracked right now. I would not lol when NFLX was up $9 and is struggling to stay positive. You should sit the next few plays out, it will save you a lot of money.
Nothing Yellen or Helicopter Ben have done has helped the fundamentals of the economy. This financial engineering experiment has been a failure. Real unemployment is through the roof, just labeled different. Income growth is nonexistent, negative first quarter GDP, soft housing market, and shrinking growth. Companies have resorted to buybacks and to hit estimates. Promises of cap ex spending and accelerated growth are a joke. Most companies have no business trading at these ridiculous levels.
I'm not a perm bear as I own several stocks long (DNN, CCJ, ED, JPM, BAC, LGF, OUTR, MNKD, and a few other). I even own junk like FB, TWTR, WFM, and YHOO as of today. I do think that this market is in for a huge breakdown in the near future based on poor fundamentals. We have a terrible political landscape, insane debt, a terrible tax code, a lot of bad regulation, and an unsustainable economic model. We have yet to figure out globalization as evidenced by the constant tax evasion done by AAPL, PFE, and others. Oh well, onward and upward.
You must have killed it today if you have been acquiring like you have said. I covered most of my shorts too early today. I still have QQQ puts and VXX Calls. I envy the shorts that went into the close short these MOMO's. Massive day if you were short across the entire MOMO sector. I was short TSLA, NFLX, AMZN, and AAPL coming into today.
He is on every MOMO board saying the same trash. He thinks every stock can only go up, up, up! I love comments like King Tesla and shorts are going to burn. If you own nothing but MOMO stocks you are not a real investor, you are a reckless speculator. I have respect for some of the longs on stocks like NFLX, AAPL, and even FB. They have done their own analysis and believe that those individual companies will be the future.
If you own a basket of PCLN, YELP, DDD, CMG, AAPL, NFLX, AMZN, TWTR, FB, and TSLA you are either really rich and are taking your chances on more wins than losses, or you are a mindless investor who thinks they can ride MOMO's to the moon. The first investor probably doesn't post of message boards and is running money for a lot of other people, the other spouts buyout rumors and wishes death on shorts.
I have to admit that I did buy on margin. I shorted AMZN, AAPL, TSLA, and NFLX yesterday near the close. I forced myself to buy them back today at much lower prices. Truth be told, I am kicking myself in the face right now for covering way too early. I covered NFLX when it was down $6, TSLA when it was down $4, AMZN at $6, and AAPL when it was down $3 and change. I did hold onto my short of the QQQ until about 30 minutes ago. I bought VXX, but haven't made nothing on it yet. I guess this isn't considered volatility.
I made the terrible decision to buy TWTR on the long end about 20 minutes ago for JULY OTM calls. The longs on all of these boards have been a good sign to short these MOMO's. They were so quiet for the last few months and now they are out in droves. It may get real ugly with TSLA reporting tomorrow.
I think the NAS and most MOMO's will tank tomorrow. It has been the pattern that when one MOMO tanks the rest follow regardless of fundamentals. Happened after GOOGL, CMG, NFLX, FB, and AMZN reported. Until these MOMO's start seperating from each other, it is likely they will get punished together.
I think that soon GOOGL and NFLX will break away from the rest of the MOMO's that are extremely overvalued such as; FB, PCLN, TWTR, AMZN, and TWTR. This may be a buying opportunity if it gets punished tomorrow and one last time next week when TSLA takes a huge hair cut.
I would agree with you, but in this case I think there will be a better buying opportunity thanks to TWTR and EBAY. I am looking to go long if it gets back down to test the $300 level. It may happen tomorrow as a knee jerk tech selloff. I am looking to buy GOOGL and NFLX on any selloff. I will look to short TSLA and AMZN on any big pops.
I would agree with you, and that is why I'm so scared. It's forward P/E is in the mid forties now, which isn't bad for a growth stock. If they stop spending overseas and actually become profitable by year end like they said on the call, that P/E will drop down to the 20's which is great for a growth stock like this.
The more success they have, the less I think competition will matter On the surface it seems that there is a low barrier to entry, but not once their network is completely built out. It would be hard to throw a lot of money at foreign markets if you are a competitor when their is already a company with huge market share. I thought AMZN may be the open to do it, but it looks like investors over there are tired of being a non profit organization. I don't think AMZN shareholders want to hear about any more money being "reinvested," especially when they don't give any real figures. Bezos is great with we have added millions of Prime users, but we won't actually tell you how many we have.
I'm not sure they are going to be a takeover target as many have wasted their time suggesting over the years. Some of these recent acquisitions by FB and GOOGL have not gone over well with shareholders. Unless NFLX could somehow become another tax-haven for companies that don't want to pay taxes in America, then I don't see them being bought out these levels. It will be an interesting next few weeks.