It's not that Joe, I can handle given some profits back...it's just that I don't like second guessing myself.
Joe, I'm also watching it closely and that’s why I think today’s close will be key. If she breaks below 1967 then I’ll start to reassess things. But for now, I’m still staying put for the most part. Heck, I’m even starting to second guess my Google & Facebook trade ahead of Google reporting later today…and that’s never a good sign.
Made a whole .23 today before giving it all back and then some... Right now, I'm thinking (actually more of a gut feeling than anything else given how both FB & GOOGL are trading today) that Google might pull it off this time around. So, I'm scaling back on some of those puts I bought yesterday and earlier this morning as a hedge… Anyhow, wish me luck b/c every time I get cute day-trading Google it usually doesn’t end well for me.
They're not going to get $100B...that's wishful thinking on your part, but $85B is in the cards... Needles to say, you're right...if the deal goes threw, which it will...NFLX will get a nice bounce as well.
Jeff, Google is a great company agreed… However, the truth still remains that as more and more people are accessing the internet through smartphones and other mobile devices, Google as opposed to Facebook hasn't been able to attract much ad hits. Whereas Facebook's native advertising neatly folds into the mobile platform's interface.
So, until that changes—and changes quickly, it might be nothing more than desperation that's driving Google’s much-vaunted moonshot projects. But we’ll just have to wait and see…
Right now, I own plenty of both but have been hedging my bets with somewhat with options ahead of Google reporting later today.
Ahead of GOOGL reporting later today.
So far AUDJPY is fully in charge of equity levitation today, but we'll have to wait and see if it has legs. Also 10Y Yields are back below 2.5% - the lowest in 7 weeks.
Tend to agree with you as far as DIS concerned, but with NFLX priced for perfection and with Q2 earnings coming out next week...I might just take a swing at it.
My thinking is that an eventual TWX-FOXA combination would be bad news for both Disney (DIS) and for NFLX… Also the fact that former Murdoch confidante Gary Ginsberg who is now a top lieutenant for Bewkes (Time Warner’s CEO) could be the key man in brokering a deal. In other words, I don’t think Murdoch will give up and therefore tend to agree with media analysts who are calling today’s announcement just another part of the choreographed song-and-dance game.
Anyone else care to add their 2 cents?
Some one dump $2.3 Billion in gold futures...and of course the dump in gold's price oddly coincided with an odd v-shaped recovery in stocks... Though temporarily I might add. However, it should also be noted that gold remains above its pre-June FOMC levels. Still in a rigged market, what would you expect?
Today, the Fed justifies more printing - Tomorrow, everyone who profits from the printing, will be selling us "The recovery". LOL.
So there you have it - the FED is happy with the progress towards converting the majority of Americans to part-time WalMart greeters and MCD burger flippers, and will consider that the new 'full employment' benchmark.
Nah, I'm with Ahhhaa63 on this... AAPL is so passé, even the CraappleZombies are getting tired with the lame "upgrades". No, I think GOOGL is the better buy at this point. Q2 should be good as well... But again we'll know better this Thursday after they report.
As far as the Fed & Yellen goes... What can I say, asking her to take a “more hawkish” stance is like expecting your pet parakeet to attack a Rottweiler.
Jeff, I've owned GOOGL along with a few others (e.g. M, V. FB...to name a few) since they IPO'd... My wife thought I was crazy at the time for doing so. In fact, she still does in some cases but like you, I still have faith in the co. Plus it seems GOOGL is getting a bit of a pop today thanks to the news that search ad-driven same-store sales rose 20.4%, a big improvement from May's 11.5% and the 2nd-highest level seen in the last 12 months.
In a recent report, Bernstein analysts Carlos Kirjner and Peter Paskhaver said they expect Google's Network revenues to reaccelerate in the company's next earnings report (July 17, 2014). They note that it has been a year since Google made the changes in policy that led to a slowdown in this area. The Bernstein team thinks Google Sites will show sustained growth of 21.5% on a foreign exchange neutral basis. They see search advertising revenue growth as being the main driver.
Bottom-line: Expect another 20-25 point run-up heading into earnings next week.
I didn't pick it...it just happened due to mostly frustration on my part. Been tracking it for a few weeks after doing some DD. Everything I heard & read screamed SCAM, so I started shorting whenever shares became available... Which were few and far between since insiders controlled 99% of the float. The truth is I also shorted it in the 3s & 6s as well, but I was determined to hold no matter what.