So the "Starbux effect is touted by Zillow...what a revelation: people who pay big bucks for daily coffee are not living in low-cost neightborhoods. This Zillowtalk is really insightful !
can now be placed directly onto Zillow "at no cost" to Georgia's MLS realtor members !! What a backwards way for Zillow to make money.
Property management is the profit in rentals. How will Zillow manage this local game?
..and Longs. Time to think about it. Schiller is moving his money to Europe..says U.S. Mkt just too overpriced.
Then there's that recent 60% plunge for the Longs in several 100 oil stocks. Today's 20% uptick in Z was fun.
Joe...you're not at all a Schmoe..your posts are pretty sharp. I've always traded half long, half short. But "short" has really been rough in this 7yr Bull with no major corrections. (And my long oils didn't help things a bit!). Still, as you know, trading is addictive, and luckily this incredible squeeze in Z I managed by taking a few rather large short profits in TSLA. The Zillow long spurt today felt kind of grubby, since Brokers seemed to play it by claiming confusion in the symbol name-change from "Z" to "Z" ??...thus goosing the squeeze.
Thousands of monthly local mags have made up the traditional realty ad business..rough estimate currently at $13Bil. But a dozen national realty Websites are relentlessly closing down those local mags, efficiently cutting total ad costs...probably in half within this decade. Like with headhunter jobs business, this web model is not as efficient in several ways (personal pros who sell well). Also property transfers are dwindling annually (rising rentals, fewer fruitful career transfers, older inventory, inflated prices, etc.). So the Realty business will inevitably become more "staid"...and less profitable. Realty websites will shortly "settle down" into a slightly shrinking environment..not a wildly booming one. And PEs on realty websites will accordingly fall back to a more "normal" 30 or 40...not PEs in 100s. Z's future is most likely, IMHO, about 60 to 90 at best.
Most shares are generally either already borrowed for shorting (no further short-selling possible at big brokerages), are being held greedily by longterm Bulls, or are in limbo with today's market volume (Big Charts can't even "find" Zillow for charting at times!). Under these circumstances, Z shares should be soaring wildly. But they're not.
EPS out, merger approved, cc over, shorts squeezed...and yet Z quote could not even climb to 118 area of congestion and small gap. Moneyflow and oscillators again turned negative in this 3-day rally. And shorts were given considerable nearterm encouragement. "Burn thru" of monthly brokerages sign-up, drop-out continues, and wild PE overpricing slowly becomes larger drag. So what's next, Longs? Most analysts now rate HOLD, NEUTRAL, etc. Where does the next wild rise come from? Hey...blame today on the storm!
Shorts are the force in Zillow...they are Pros...only a handful of amateurs will be squeezed out Tues morn.
Then the slide will begin. The professionals with strong hands always win. Besides, Zillow is LOOSING money and is hardly a realty monopoly. Several other realty sites on the Web.
...or maybe it's just plain "head-in-the-sand" instinct: not to face the inevitable collapse of an overblown quote.
About thge only reason that delayed eps could be good for a company is that it is heavily shortsold...allowing plenty of squeezing instead of sagging from uncertainties. That's Zillow. But a further drop is ultimately inevitable.