Great post bulb.
The lessons cam be painful but if you don't like the way a stock trades or believe it is miraculously supported (like many believe this is) just stay away or pick your spots very carefully with a certain amount of pain threshold or a longer term plan within a portfolio.
At the end of the day "You lay down your money, you takes your chances."
Amazon never discloses details about the finances of their businesses and if and when the stock turns over (I did say if) do you think their will be lawsuits regarding their non disclosures?
Well it wasn't an outside reversal today but I'll take your reversal and reverse most of that on nearly twice the volume with the majority of volume coming in the last half hour of the day.
What do the technicals say about that john?
It does seem like the shares have been under accumulation just based on the naked eye since the 2nd PR from last week.
Translation: Both of these institutions would love to be involved in WDAY's next share or debt offering.
Same ole. Same ole.
Exactly. Low ball and beat on a bloated company that won't make GAAP earnings for years and trades at a ridiculous valuation relative to sales.
Full disclosure: I have no position but have shorted and bought puts here but not for quite a while.
I just took a very quick look at the growth numbers. The good news is as you all know revenues increased by a whopping 73.7%. That said the bad news is costs grew significantly faster at 77.7%.
The other good news is they guided up. The other bad news is at $91 after hours and with the 184.319M shares, this trades at a market cap of $16.773B for $765M in revenue this year. That's a Jan 2015 P/S of 21.9 for a company that will make GAAP profits when?
I suppose they said the huge costs growth is to fund future growth but we'll see how they play this the next few days and weeks. They could rally it strong or they could fade it. You never know.
Or goat I guess I should say they provide the money for policy which enables the people the lobbyists represent to make more money.
Lots of money involved that's for sure. Common sense be damned unfortunately.
I don't think you got what I was saying at all goat or maybe you did but you think common sense trumps money to most of these people.
It doesn't. Many are bought and sold. Money is the be all and end all to many.
I like money too but I can tell you it's no where near everything to me. I won't sell my soul for it. never did, never will.
The whole idea of lobbyists is tit for tat and having votes bought for a price.
Unfortunately it's a pay and play system. We all like to believe altruism rules the day but as you make your way in life you see enough to know that the almighty dollar is too many people's God.
How are lobbyists any different than someone paying a bribe to a policeman or anyone else in a position of power?
They aren't because they are considered legal.
As far as global warming there's too many things that nature has changed on it's own in the earth's history to say 100% that it is a major factor in climate change. Do I believe it has some impact, yes I would say probably but I'm not sure what percentage of the impact it is.
Thanks for your take turb, that makes decent sense but they did say they did get one component of the two in the product within this refresh.
They certainly thought the win that got pushed back(product push out to a later date) from the customer would offset the missing component somewhat if not 100%+ and of course the CEO did say that they think this will be a $200M revenue company in about 5 years.
You mean like getting 86ed?
Yeah, if the nonsense ends this will certainly get that.
The nonsense is still going on so whenever the insiders can sell again I'm pretty sure they will.
Stocks in general have gone up but where it disgusts me is exactly where I've stated.
Just to remind you QE has not ended yet number 1 and an accommodating Fed 0% interest rate policy will be in place until sometime in 2015 most likely.
As a pretty sharp trader and market watcher said late last week "Chairwoman Yellen is accomplishing her goal of pushing up the S&P 500 and the Nasdaq, Bravo."
If she doesn't and the middle class doesn't come back where do you think that ultimately leaves the country?
I totally agree ski. Could very well be well north of here or not but this is destined to fall.
I'm most disgusted by QE and especially this last phase by what it's done. Has it propped up the economy? I would say yes but not to the level it was expected to. The middle class and lower are still hurting.
What it's done primarily is force so much easy money into the system that high growth no profit in sight companies have shot up in stock price and insiders have made out like bandits.
So at the end of the day the well off have become ridiculously well off while the worker bees have hung in there.
We all know that in the long term you need the masses to have decent employment and wages for the economy to be truly doing well and so far that's not the case.
What do they mean? They aren't buying a friggen thing. They are telling YOU to buy.
They are buying a seat at the next offering with their kind words for CRM.
No one knows and if they tell you they do they aren't telling the truth unless they own considerable shares and are getting ready to dump. :-)
Path of least resistance for the overall market is up with the low volume and the Central bank friendly environment so says many of the pros at least what they say publicly.
Since they have been saying it since the Dow bounced near it's 200DMA it's been very accurate.
The trend is up until it changes (yes a duh statement but duh statements put into play can make or save you plenty of money).
The overall market is getting close to overbought but that can last a while..