When a stock moves up, despite a big miss. Watch closely today. The latest In shortsqueeze shows 65M short which is 25% of the float. Now its time to decide.. to bet or not to bet.
Grasso has difficulty with fundamentals. Just listen to him speak. He is a technically trader, looks at key levels. On BTU he decides to take a shot at bottom feeding BTU. Likely he cannot explain his rationale for the recommendation other than its very low right now, and you could get a bounce. Basically a shot in the dark. If he took the time to digest the fundamentals..he would think twice about this recommendation. Many of these pros are just not that smart, not much better than the average retail investor. The one thing I like about Grasso, he does not tell you to do something he will not do himself. He told you he bought BTU on the day he made the recommendation. The other thing I like.. as a trader, he is likely already out of this, as he will recognize a bad trade early and get out decisively. Bottomline .. he had a hunch, was just guessing, and it went wrong. Could be a wash out quarter tomorrow with the pay cut WS journal news clip as a sign that a bad quarter is coming. For longs..just hope it is not as bad as expected, but that is not the type of bet you want to make. Better to see it first .. and then bet.
for Zulily. Bill Miller on Fast Money today featured he is building a position on ZU. Suggest you listen to his rationale on CNBC..the video is available now. The headline introduction for Miller is that he has beat the S&P 500 for 15 straight years. Former CIO of Legg Mason. Currently runs Legg Mason Opportunity Fund ticker LMOPX. Check it out, over 52 weeks this fund has done quite well. I am not a fan of ZU, think it has been very poorly managed, they guide negatively, don't communicate well with investors, and of course insiders sold a bunch of their stock at much higher levels. I am quite surprised that Miller would highlight he is building an investment in ZU, and risk reputation damage. You would think he would wait till things are proven to be better before highlighting his moves. I little early perhaps, a very risky call.
You cannot deny there was a 1st level squeeze today. If your point is will the squeeze continue tomorrow, then yes, the last 45 minutes will be telling.
why would suggest report is negative for the stock. Many think it is positive as a call for government support or subsidy to help the industry (MCP specifically). Hence the short squeeze today.
loses money on core RENN business. Looks like investments won out this quarter and generated a decent profit. Perhaps should treat this as an investment house more so than an internet business.
is what you have heard all along, it seems to be the go to raw news feed. I don't know where this is heading fundamentally, but it seems behaviors are changing when it comes to business, sports, etc..breaking news. When your on the hunt for news, where do you go first? And where does it break first? And where is it most complete? (in that news clips hit twitter where elsewhere may not be not captured). The simple twitter search seems to be the best and most complete way to get relevant news, and save a lot of search time by just hitting the twitter feed.
Time to look at some key numbers.
Look at Yahoo Finance under key statistics: Compare BIDU to QIHU.
PEG Ratio: QIHU: 0.37 || BIDU: 0.77
Forward P/E: QIHU: 9.47 || BIDU: 3.45
Trailing P/E: QIHU: 37.79 || BIDU: 34.36
EV/Revenue: QIHU: 3.98 || BIDU: 8.79
EV/EBITDA: QIHU:16.06 || BIDU: 27.88
Price/Book value: QIHU: 5.44 || BIDU: 8.98
For QIHU: impressed with very low PEG ratio. Less than one means
growing at a rate much faster than their P/E. Don't see a PEG ratio that low very often.
Also like relatively low price to book compared to BIDU.
For BIDU: impressed with very low Forward P/E.
Hard to choose between the two.
Let the smartest people be the judge.
The good news is at least now these are reasonable valuations and not
off the charts like some of the other hyped up stocks.
Reeks of incompetent management. Evidence builds on this perception when they speak and report and then don't speak. There is little to hang on too. Seems like an inability to manage growth profitably. And now even the growth is fragile giving of a sense that the business model is beginning to crack. It is surprising that the odd analyst upgrade has slipped in, in the past, yielding little sentiment change..down trend continues slow but sure. Change is needed with a sense of urgency but they seem frozen.. like deer in the headlights. Cannot even think about this one until there is clear evidence there is change or events that make sense and build confidence.