I posted back in Jul when FB around 36 and told you not to sell FB "you sell you loose". Again, don't sell FB here near earning because too much money has been committed by many funds and this stock has no where to go but up. Forget P/E and all the negative noises around this stock etc... this stock has much better fundamental than most of the other momentum stocks.
it cost around 1300 to produce 1 oz of gold and 25 for silver for all miners on the average. I think we are bottoming here regardless what the chart indicated. We may get a dip here and there but the price for metals are near the bottom. The draw down at COMEX also indicated gold demand are picking in ASIA. I own miners stocks for the rebound in the metals.
This is also in the same artificial that you posted:
Facebook Has Legs to Go Much Higher
Also By Sean Udall
Facebook has, in my view, produced three good-to-great quarters in a row, not to mention all the years it took to build it before it went public.
As I said in my last webinar, FB and Google (NASDAQ:GOOG) have the game, the set, and nearly the match. They are number one and two in nearly every online advertising vertical. The rest is left fighting for scraps or figuring out how to do deals with these two companies. Thus, investing and trading in them is about timing, valuation, and technicals, while investing around them for the time being will probably be an exercise in futility (I'm talking the internet space specifically here).
In fact, the only company right now that I see with the ability to challenge either FB or GOOG in most of their verticals is Apple (NASDAQ:AAPL), because AAPL has the second-largest installed base of connected/paying/engaged users. But time will tell if AAPL chooses to challenge FB and GOOG, though the company is probing a couple of verticals around the edges.
So why might I buy any FB back or possibly even add to it? Simple: $32.50 is a key breakpoint. And after that level, there is really no resistance until $38 and that is where I'm pretty well convinced the stock will quickly go. Also, FB now isn't about just one good quarter; it's about a string of them, and the smart money has been talking about this along with me. In fact, I think we will now see a lot of big money move into FB from some older, slower growth names. And many growth fund managers now have to add the name. Lastly, given the last quarter, I'd much rather be in FB than GOOG over the course of the next quarter. Then as we get closer to the coming reports, start building GOOG back up and shedding FB around or above that $38 IPO price.
Bottom line: This was a home-run quarter for FB, but not the first one. The stock is going higher and probably going to do
I just wanted to say thanks taking the time to share your though. I bought more today at 36.72 for the same reasons that you stated. We will see.
SNDK beats the est by .22c and top the rev by more than 600m and all I heard is the stock going to burn because of the AH price action. Go look at your account tonight and see whether you have more or less money in your SNDK position. I looked at my and I have about 5k more than yesterday. Tomorrow may be a different story but I am completely happy with my decision of holding SNDK through ER. If you get really anxious then get up and watch oversea trade on SNDK. It is a lot more real than AH. Good night and good luck to all tomorrow.
we have the ball with 24 ticks left and lot of momentum and we are about to kick your ass and you still think you win. I though you are a lot smater than that.
you should use the gain on shorting SNDK and use that amount to play SNDK for ER. I hope you will double it. I would say SNDK will trade at 51 by Thur and 56 Fri morning.
Agree and here is the info to remind shorter that they still have time to cover before they are wipe out on Oct/19.
-In recent days, the two investment banking giants, Goldman Sachs (GS) and Citigroup (C), have each gone out of their way to persuade investors to buy SanDisk shares while the prices are as low as this. Goldman Sachs was first to recommend the stock before trading on Friday, and on Monday Citigroup followed suit with a target price for SanDisk of $71.
Both banks believe the events of 2007 will not be repeated at the beginning of 2008, and they also expect SanDisk to post strong results for the third quarter in its report due towards the end of October, and to issue good guidance for the fourth quarter.
This info came out of SNDK Q2 conf. You can read it and whether you think they can match or exceed their number for q3 is up to you. I think they will report .33-.36c and revenue about 923-930m due to all the good news about NAND for this Q.
---I will now turn to our outlook.
Traditionally, megabyte growth in Q3 is less than in Q2 due to slower summer seasonality. And we expect a similar pattern this year. Over the last three years, our Q3 megabyte growth has ranged between 20% and 40% sequentially and we believe this is a reasonable range to expect for this Q3. At the same time the pricing environment is expected to be significantly more favorable for us, than in the first half of the year.
We have few planned price reductions in retail for the summer months. However, our ASP per megabyte will still decline due to price reductions implemented in June, which will impact all of Q3. With our OEM customers, some of the expected Q3 business is locked in at prices quoted during Q2, which reflect a sequential quarterly reduction.
Our expectations for megabyte growth and pricing, lead us to forecast Q3 product revenue in the range of $750 million to $825 million.
Looking at the year, we now expect bid growth for 2007 of 180% to 200% up from our previous forecast of 170% plus. We expect Q3 license and royalty revenue between $105 and $115 million based upon the forecast of sales of our license fees.
For 2007, we are raising our forecast of license and royalty revenue from our previous forecast of $400 million to a range of $420 million to $430 million.
Turning to gross margins, we expect cost decline to exceed price decline leading to forecasted non-GAAP product gross margin of 20% to 24% in Q3. And we currently anticipate a continued gradual increase in gross margin for Q4 as we benefit from a higher mix of 56 nanometer sales. We expect Q3 GAAP product gross margin to be lower than non-GAAP by approximately 3 percentage points due to the inclusion of stock compensation and acquisition related purchase accounting charges.
We forecast Q3 non-GAAP operating expenses to be in the range of $205 million to $215 million, reflecting a sequential increase of approximately $20 to $25 million in Fab 4 R&D start-up costs and increased investment in future technologies as well as in sales and marketing programs related to the demand generation and expanding our international footprint. We currently expect non-GAAP operating expenses to increase again in Q4 due to seasonal sales and marketing expenses. Well, Fab 4 start-up costs are forecasted to be at approximately the same level in Q4 as in Q3.
Q3 GAAP operating expenses are expected to be higher than non-GAAP by approximately $34 million to $38 million due to stock compensation and acquisition related intangible assets.
Other income for Q3 is expected to be about 10 million lower than in Q2 due to the one time investment gains in Q2, anticipated lower cash balances as a result of the fab investment and a shift in our investment portfolio towards more tax exempt securities which yield us a better after tax return.
On the balance sheet, we forecast that Q3 inventory levels will likely increase in preparation for Q4, and we expect to make cash investments in Flash Partners and Flash Alliance of approximately $350 million about half of which we had originally expected to fund in Q2.
In summary, we are optimistic that the improved supply-demand balance in the NAND market will continue leading to a return to a more normal price declines and a gradual improvement in our margins in the second half for this year.