Both INTC and IBM are down big, and yet the Dow as I type is up over 42. Another week up in the markets. The bubble in valuations is unprecedented. I'm making money, but I just want to scream......
with only $240M in revenue......Growing or not, it's not growing anywhere fast enough to justify this market cap. And don't even get me started on the fair weather analysts.....
Unfortunately, for the worse. Read the analyst's reports from Piper and Caanacord, they now say sell the shares. And for those calling for a conference call, I'm not sure what good that will do, it is what it is.....but don't take my word for it, read the analyst's reports.
Right, I forgot about that. If main street USA only knew the truth. (or cared, for that matter).
I just looked it up. More importantly, the perks include, but are not limited to:
1. Free travel
2. All paid expenses
3. Insider trading of risk assets
4. Ruining the majority of American's finances
5. Book deals and other endorsements, speaking engagements, etc.
Did I leave anything out?
This is all so sad Pandora....Not only do they ignore the warnings, the warnings will not appear in the mainstream media. 60 minutes should do a piece on the Fed, and how that institution is destroying lives in favor of the very wealthy....
Using their "mix of tools." How long will American citizens allow the US government dictatorship to run our personal financial lives? You're allowed to eat as much as you want and be as obese as you want which dramatically increases the costs of healthcare, and yet if you'd rather save money in a savings account, you can't, because the Fed wants you to buy stocks and make risky bets.
The manipulation continues....
I think there was a good reason why it was down over 4% yesterday on heavy volume, even during a very positive market day.
Revenue predicted to be flat to down going forward. Is that why the stock has gone from $19 to over $25 this year? That's proof this advance is all about the Fed and not fundamentals.
A market cap of over $6.5B, with only $280M in sales....oh, wait that's right, it's a "cloud" play. So we have the 3D bubble, the social media bubble, and of course the cloud bubble. The morning gap up will probably be faded by the smart money.....I have no position now, but I will in the morning.
Zero earnings are very good? And $243M in revenue, with over a $6B market cap? I would say this company is grossly overvalued. My guess is they'll fade the gap tomorrow, after digesting the irresponsible analyst's raising their price targets, as they always do.
I'm sure the media can make the markets advance over 3 points tomorrow to have yet another positive week. Yes Janet, it's a bubble, and a scary one at that.
Who cares? Are you here to make money, or pay attention to stupid blogs? It's called trading.....try it sometimes....it's profitable.
In a word, no. GLD, NUGT, getting pummeled. It just broke all previous support. Gold is getting hit worse than the broader market.