i can search for it on the apps store, but havent tried downloading it yet. i think they are probably running it through testing and then will launch it within a month. looks pretty good. the feedback so far is very good on it,
here is a company swimming in a blue ocean with a p/e of 8 - King digital. Going to more than double in the next year.
it was up 2% today, of course it couldnt move that far in one day. give it another day or two and let's see if it fails at 128. are you ready to bend over for an earnings blowout?
big beat and the stock will move up 3% and then within another week it will be up to 140.
the stock just needs another day to move past 128 and volume will pick up. it ran quickly to 128, but now it is just too much to move past it in one day, so it needs to rest and make the move tomorrow. 130 is next stopping point. will be interesting to see if it stays under 130 prior to the earnings report.
of course i think twitter is completely over-valued. if the market starts to turn south, twitter could be a great short at some point. just have to find the right timing on that trade.
i quickly read an article on seeking alpha that compared king to twitter. it showed that stated that king has double the revenue, but a market cap 6 times smaller. twitter has no profits, king generates boatloads of profit. the market is simply insane and that insanity will be rectified over the next 1-2 years, as king zooms forward. digital gaming is a huge profit generator and the market is treating this company like a pariah. see you in the 20's after earnings report.
apple has a p/e ratio of about 12 based on this year's earnings minus cash. so they are undervalued on what they currently generate in profits. those analyst eps numbers will rise again after this quarter. what people dont understand is that the size of apple is an advantage. they are virtually going to have monopolistic power over the market - imagine the market share power that microsoft once had, combined with the great product and brand of apple. apple can only achieve about 20% price appreciation per year due to its size, but that is plenty to make it the best large cap investment around.
we finally got past the options expiration and now investors can focus on apple blow-out earnings. after the blowout earnings, apple is announcing the new apple tv and subscription service in june at the developer conference. that will be another catalyst for apple. i wonder if the new apple tv will also have interactive gaming capabities? they already have the software development tools for gaming companies in place. just need the right processors and some controllers??
look for apple to strengthen next week, however, this market is so dumb that it will probably not rise much until they deliver blowout earnings and all the analysts will be surprised (or at least some of them). how many times does this need to happen before the market wakes up????
picked up a few more options and stock down low. i hope it doesnt rise too fast. i am waiting to sell some apple stock after blowout earnings, so i can buy more king.
dont get caught selling shares today. buy toward end of day, and price below 125 is a gift. 3 weeks from now apple is trading at 140+, maybe even as high as 150
- blowout earnings
- anticipation of apple tv and streaming service announcement in june
- rumors on iphone 7 coming out with substantial new features like forcetouch, dual lens camera.
- more adoption of apple pay
on the latest annual statement it had
- apax 140.9 million
- melvyn morris 35.6 million
- all executives and officers 59.1 million
for a total of 235.6 million
nasdaq is showing 42.5 million institutional ownership
so 43.9 million float, minus the number of shares repurchased by the company. although i think i heard the cfo state at an investor conference that the number was 38 million.
i am not sure to what extent the shorts can borrow against the shares owned by insiders. i put in a limit order to sell at $30, which supposedly prevents the shares from being borrowed, but i dont know all the rules.
the one thing i do know is that the institutional ownership (not including insiders) is extremely low. most companies have 50% institutional ownership. so at some point those institutions want to get their hands on shares. and if 20 million shares are short, 10 million are being repurchased under the share buyback and institutions want to add a position, the shorts would be fighting for shares to cover. it is just a very volatile upside, just need a few matches and this will go off.
i agree that mobile gaming is a growth industry. i saw an article that apple app store generates 70% more app sales than google play, even though google has more downloads (due to having 80% unit share). as developing countries get a larger middle class more can afford apple phones and larger amounts of discretionary income is going to content for smartphones and tablets. apple did massive numbers in china this year and that bodes well for app growth. the ONLY rationale i can see for shorts is that they think coming games from king will fall short and they can paint the idea of dropping revenues (like zynga). but that analogy is weak because zynga failed to make the transition from facebook platform to mobile. king made that transition and has a great mobile player base to leverage. the only question with the stock price is the timing of the rise and how far it can go. i can seriously see $40-60 in a year from now, once wall street wakes up.