BB CanadaFebruary 6, 2013 at 5:55 AM Great artcile from 2010 with the usual suspects (Hussman, Schiff, Russell, etc) calling for the collapse of the world:
Not that I ever listen to these asshats, but someone is about to.... Maybe put pundit watcher in your faves for laughs. http://www.ritholtz.com/blog/2013/02/pundit-tracker/
David, whe you wake up this is for you. Per cashin
A Very Big Bet In A Somewhat Unlikely Instrument – My friend, Jim Brown, the ever-alert consummate professional over at Option Investor pointed us to a rather unusual trade. Here's what he wrote in last night's edition of his valuable newsletter: Cashin’s Comments February 6, 2013 Page 2 of 3 ab In past years I have reported on trades that were so large it appeared someone had inside knowledge of a pending event. Sometimes those were massive put positions on the S&P. A new trade just appeared that suggests there will be a market event in the near future. Last week somebody put on a call spread on the VIX using the April 20 and 25 puts. They bought 150,000 contracts for a net of $75 per contract. That is an $11,250,000 bet that the VIX will move over 20 over the next 60 days. You would have to be VERY confident in your outlook to risk $11 million on a directional position with the VIX at five year lows and the markets trying to break out to new highs. Jim then goes on to list some of the scheduled events and deadlines visible over the next 60 days (mostly in Washington). When you add in the broad variety of geo-political possibilities, it's a decent reason to stay extra alert.
NSPH - Alright, I'm out with one tank of gasoline.
Might buy back depending on earnings, I prefer this technology to the others I've read about b/c it's supposedly cable of identifying antibiotic resistance. This is a huge deal, IMO.
Otherwise the mass spec crowd might win this battle depending on if they can achieve their goals.
Sold my Flextronics (FLEX) today that I had bought in 2007 and lost 4% on it. Really thought these contract electronics manufacturers would be able to turn things around and they kep giving hopeful signs, but I'm starting to really doubt it and whether the market corrects now or in a couple of months, probably a good time to be selling and raising cash for getting into better stocks when the correction does come.
GMO - Turning my attention to this one, there's a gap up from $3.43 that needs to fill, and I have a tentative geometric downside target of $3.03
HEK - I don't know what to think of this one for sure, although I lean towards believing the old guy can probably pull it off.
I just don't see a clear focused business plan where all the pieces work together, seems too cobbled and disorganized, like it's little more more than speculation. One man team?
It's water which is a solid story regardless of what else happens, good dividend which they are looking to increase, good valuation, way down from previous trading range, reorging to sell divisions and reduce debt and improve balance sheet.
In general the European utility type companies are much cheaper and have much better yields than North American. Their balance sheets are weaker, but they are improving and should get higher valuations.
In line with Jesse's nat gas call lst night, the BMO Quant guys are saying:
The MSCI World Financials Index is breaking below a very consistently outperforming trend, a trend which had its birth with the Draghi “Believe Me, It Will Be Enough” declaration last July – Figure 1. o We see that trend over in the credit market (RSF Jan. 31), and now we are starting to see it in the broad equity market as well. The consistently underperforming trend in the MSCI World Energy index was broken last month, and the trend is becoming more diffuse – Figure 2.
busy morning. sold the rest of my DMND at $14.05 to $14.13. bought small stake in STS at $3.7. They have earnings after the bell tomorrow. this has been on my watch list for ever. the stock, if valued at normal valuations, would be worth $10. bought more PACB at $2.29 and $2.32. bought more TZA at $10.96.
T3d -- there is time for everything under the sky. When VIX is above 16, VXX should be avoided like a plague. But when VIX is under 14, there is very little risk in going long VXX.
T3d, thanks for posting Art Cashin's comments regarding VIX -- that's very interesting!
I think Big Boyz are onto something, and even the S&P chart has already started forming the standard "top" formation: an increasingly volatile sideways oscillation after a large run-up (implying that Big Boyz who were previously very confident about their market outlook and were relentlessly driving the market up, have now lost their confidence and are ready to bail out massively at the first sign of trouble).
There is a small possibility that this top formation will result in a temporary spike up to kill the early shorts, followed by a massive pullback. In the case of such a spike, I will start scaling into S&P puts above 1525.
The spread on August KOLD puts is so large that I decided to buy some March puts, which have a smaller spread, and just bought 5 contracts of March $23 puts at $1.50. These cheaper March puts will also leave more buying power for me to buy S&P puts, if the opportunity arises.
"We reiterate Underperform rating and €7.5 PO We reiterate our Underperform rating three weeks after having reinstated coverage. The stock rallied c.10% over the last two weeks on the back of management having addressed several times the press about Veolia restructuring plan being on track. While nothing new has been put forward, we understand that company fits current market thirst for high beta/restructuring plays. Yet we believe that structural trends are being overlooked while the lack of organic deleveraging along with the limited earnings visibility offered do not call for any rerating of the stock. Organic deleveraging still difficult to achieve Management said the company would almost reach its net debt reduction target a year earlier than expected, which is in line with the comments made at the ninemonth results publication. Indeed, thanks to the deconsolidation of its Berlin water subsidiary, the company could indeed end up with close to €12bn of net debt at end 2012, which was an end 2013 target. The €1.5bn hybrid bond issued earlier this year will enable VIE to report a much lower leverage ratio as 50% of hybrid bond is considered as being equity according to credit rating agencies (100% under IFRS). Yet, despite accounting cosmetics/changes, and c. €4bn of disposals, only little deleveraging might be achieved at end 2012 with indebtedness ratio still at 3.7x, partly explaining why VIE issued a hybrid bond, in our view. Going forward, we do not expect a significant impact on leverage ratio from the deconsolidation of JVs currently proportionally consolidated (IFRS 11)."
"AVTC opens new sales office dedicated to Marley Coffee kiosks. AVT is the exclusive U.S. distributor of Marley Coffee branded kiosks and automated stores and will put 2000 company owned units into the market within the next 2 years and has projected sales from these units to top $24 million by year end 2014."
Of course I'm paying no attention to this news. However, my position in AVTC (Marley Coffee/MDBX) is somehow doing much (13%) better today.
"44.3koz produced in Q4, best quarter of the year Earlier this week, North American Palladium (PDL) provided some good operating figures for the fourth quarter of 2012. Total 2012 palladium production came to 163.98 koz (44.3 koz in Q4) vs guidance of 150-160 koz and our estimate of 163 koz. We have made adjustments to our model for the operating figures provided and we have adjusted our estimate for when Vezza will be in commercial production and as a result our 2012 earnings estimate has increased from a loss of C$0.16/sh to a loss of C$0.09/sh. For Q4’12 we are calling for an adjusted loss of C$0.02/sh, in line with consensus. Underground mining rate up 38.7% qoq In Q4’12 the LDI mine processed 511,226 tonnes of ore, with 239,794 tonnes coming from underground mining with an average grade of 4.93 gpt vs 172,879 tonnes at 5.20 gpt in Q3 and 271,432 tonnes coming from surface sources with an average grade of 2.44 gpt vs 331,143 tonnes grading 2.35 gpt in Q3. The overall recovery rate was 82%. We have lowered our 2013 underground grade estimate from 5.20 gpt to 5.00 gpt, which is the main driver in our decrease in our 2013 earnings estimate from C$0.04 to C$0.00 per share. Due to the changes in our model we now estimate the company is in need of C$30 million in additional financing (we have assumed a mix of debt and equity), down from our previous estimate of C$40 million. We estimate this additional financing needs to be raised no later than the end of Q2’13."
I've never seen that kind of data from BAML, I'm still waiting for them to fix their order placement system and add some bells and whistles like trailing stops.
Maybe they can get their stop limit order to work properly?
It took about 20 minutes and 25,000 shares of trading HIMX between 2.895 and 2.90 to sell my limit order of 1000 shares. It's now 60,000 shares later and it's still 2.895-2.90.
Seems like someone is trying to off a very large position at 2.90 or someone has a large order with instructions to not pay over 2.895.
AGO up another 10% now and 37% this year - still holding. With the good fundamental news and still low valuation, I think the market takes this higher as risk is being reduced.
SNE: Caught this buried in the usual nonsense at the Sista blog.
"Google (GOOG)
Feb6: 5:28 AM YouTube (GOOG) is reportedly in talks to invest $50M for a 10% stake in music video service Vevo, which is owned by Sony (SNE), Universal Music and Abu Dhabi Media. Vevo syndicates videos across the Internet, including on YouTube - with which it shares ad revenues - and attracted 51.6M unique U.S. viewers in December."
I wonder how well Doug Kass actually does in the market? He's bearish. He makes a good case but I can see his case not mattering for several months.
I agree with CC on the charts. Although I see nothing wrong with looking at the fundamentals and watching the charts for your fav longs/shorts.
Just bot some VXX afterhours at 23.40. It cost an xtra $2.22 in commission. Tomorrow may just be the day I don't get the morning pop in the VXX, we'll see.
Reposting BB's latest:
ReplyDeleteBB CanadaFebruary 6, 2013 at 5:55 AM
Great artcile from 2010 with the usual suspects (Hussman, Schiff, Russell, etc) calling for the collapse of the world:
http://www.morningliberty.com/2010/05/16/economic-collapse-martial-law-24-experts-warn-of-2010-meltdown/
I'm sure they'll tell you they weren't wrong, just early.
Not that I ever listen to these asshats, but someone is about to....
ReplyDeleteMaybe put pundit watcher in your faves for laughs.
http://www.ritholtz.com/blog/2013/02/pundit-tracker/
AGO - Nice response, obviously yesterday they tried to knock weak hands loose.
ReplyDeleteAdding to my ARR position, wonder when the bubble will burst?
ReplyDeleteWas that you stepping in @ 5.73?
DeleteI wish, my ave is now around $7. all I care about is that this bitch stays afloat long enough for me to reap some divi's!
DeletePACB- You'd think it'd move a little!
ReplyDeleteYes, it's really worth the bucks...
ReplyDeletehttp://www.bevmo.com/Shop/ProductDetail.aspx?utm_source=cm&Ns=SalesPrice|1&utm_campaign=20130206CA&area=Spirits&utm_medium=email&Fulfillment=2|99&utm_content=Spirits&N=40+4294967184&ProductID=35902&No=30&cs=clubbev
carbo loading or post ride recovery????
DeleteMan, I love tequila, but it's early...
DeleteJust getting my head straight for a long day!
DeleteGLUU is interesting here.
Just don't operate your steamroller
Deletedon't worry, I man the water trucks and steamrollers
DeleteAnyone in solar shitty?
ReplyDeleteI took my 6% off.
David, whe you wake up this is for you. Per cashin
ReplyDeleteA Very Big Bet In A Somewhat Unlikely Instrument – My friend, Jim Brown, the
ever-alert consummate professional over at Option Investor pointed us to a rather
unusual trade. Here's what he wrote in last night's edition of his valuable newsletter:
Cashin’s Comments February 6, 2013
Page 2 of 3
ab
In past years I have reported on trades that were so large it appeared someone had inside knowledge of a
pending event. Sometimes those were massive put positions on the S&P. A new trade just appeared that
suggests there will be a market event in the near future. Last week somebody put on a call spread on the VIX
using the April 20 and 25 puts. They bought 150,000 contracts for a net of $75 per contract. That is an
$11,250,000 bet that the VIX will move over 20 over the next 60 days. You would have to be VERY confident in
your outlook to risk $11 million on a directional position with the VIX at five year lows and the markets trying to
break out to new highs.
Jim then goes on to list some of the scheduled events and deadlines visible over the next 60 days (mostly in Washington).
When you add in the broad variety of geo-political possibilities, it's a decent reason to stay extra alert.
Maybe a propane truck in Philly....
DeleteNSPH - Alright, I'm out with one tank of gasoline.
ReplyDeleteMight buy back depending on earnings, I prefer this technology to the others I've read about b/c it's supposedly cable of identifying antibiotic resistance. This is a huge deal, IMO.
Otherwise the mass spec crowd might win this battle depending on if they can achieve their goals.
Sold my Flextronics (FLEX) today that I had bought in 2007 and lost 4% on it. Really thought these contract electronics manufacturers would be able to turn things around and they kep giving hopeful signs, but I'm starting to really doubt it and whether the market corrects now or in a couple of months, probably a good time to be selling and raising cash for getting into better stocks when the correction does come.
ReplyDeleteGMO - Turning my attention to this one, there's a gap up from $3.43 that needs to fill, and I have a tentative geometric downside target of $3.03
ReplyDeleteHEK - I don't know what to think of this one for sure, although I lean towards believing the old guy can probably pull it off.
I just don't see a clear focused business plan where all the pieces work together, seems too cobbled and disorganized, like it's little more more than speculation. One man team?
VE - I still feel really positive about this one, gonna have to wait and see what earnings look like.
ReplyDeleteMy dream is VE revisits recent mid $10's for my entry, but I can just as easily make a technical case for a trip to mid $16 from here.....
It's water which is a solid story regardless of what else happens, good dividend which they are looking to increase, good valuation, way down from previous trading range, reorging to sell divisions and reduce debt and improve balance sheet.
DeleteIn general the European utility type companies are much cheaper and have much better yields than North American. Their balance sheets are weaker, but they are improving and should get higher valuations.
You're right BB, I know you are.
DeleteI'll probably wade in sometime today if weakness shows up, or maybe tomorrow around 10:30am
BAC - I recall it taking forever for this one to break through $12 looks like that resistance level still exists despite insider buying around $11.50
ReplyDeleteThis puppy could be on it's way to mid $13's?
Maybe not when AGO is done with them - haha!
DeleteFBC delivers it's first born to AGO in payment for crimes committed, I'm loving this! ;)
ReplyDeletePPMIQ - I wouldn't anticipate new investor interest involves any desire for rescuing existing common shareholders.
NLY - This one's my only remaining holding.
ReplyDeleteIn line with Jesse's nat gas call lst night, the BMO Quant guys are saying:
ReplyDeleteThe MSCI World Financials Index is breaking below a very consistently outperforming trend, a trend which had its birth with the Draghi “Believe Me, It Will Be Enough” declaration last July – Figure 1.
o We see that trend over in the credit market (RSF Jan. 31), and now we are starting to see it in the broad equity market as well.
The consistently underperforming trend in the
MSCI World Energy index was broken last month, and the trend is becoming more diffuse
– Figure 2.
steel is rockin
ReplyDeletex
rs
aks
Yep, right off the bottom trend line, who woulda guessed, the morons selling yesterday?
Delete/ES fills the gap. JBTFD is still large and in charge.
ReplyDeletebusy morning. sold the rest of my DMND at $14.05 to $14.13.
ReplyDeletebought small stake in STS at $3.7. They have earnings after the bell tomorrow. this has been on my watch list for ever. the stock, if valued at normal valuations, would be worth $10.
bought more PACB at $2.29 and $2.32.
bought more TZA at $10.96.
VXX
ReplyDeletelong a little as its not my favorite instrument
T3d -- there is time for everything under the sky. When VIX is above 16, VXX should be avoided like a plague. But when VIX is under 14, there is very little risk in going long VXX.
DeleteT3d, thanks for posting Art Cashin's comments regarding VIX -- that's very interesting!
ReplyDeleteI think Big Boyz are onto something, and even the S&P chart has already started forming the standard "top" formation: an increasingly volatile sideways oscillation after a large run-up (implying that Big Boyz who were previously very confident about their market outlook and were relentlessly driving the market up, have now lost their confidence and are ready to bail out massively at the first sign of trouble).
There is a small possibility that this top formation will result in a temporary spike up to kill the early shorts, followed by a massive pullback. In the case of such a spike, I will start scaling into S&P puts above 1525.
The spread on August KOLD puts is so large that I decided to buy some March puts, which have a smaller spread, and just bought 5 contracts of March $23 puts at $1.50. These cheaper March puts will also leave more buying power for me to buy S&P puts, if the opportunity arises.
ReplyDeleteif i had to guess we see this: 1,475 then 1,550, then 10% drop.
ReplyDeleteshort SHW at $162.9. shows declining momentum at all time highs and had relatively weak earnings. target $141.
XCO, this looks like its found some sort of bottom.
ReplyDeleteAlmost bought yesterday, but still beloe my last sell. Hmm
that's one fine looking chart.
Delete10 wk ema 6.95, possible double bottom wkly
DeleteXCO long
DeleteEEM looks very weak. I should have held my position in EDZ. that's up throughout this entire ramp higher. that probably makes it a good buy :)
ReplyDeletethat is, long EEM.
DeleteIBM looks quite weak. triple top in place?
ReplyDeletegoing with that theme, though, it is probably a buy here.
DeleteThis comment has been removed by the author.
ReplyDeleteXCO out
Deletefor some reason do not want to be long the mkt, plus the buy on XCO was yesterday.
PACB getting hit by a couple of big orders but it appears to be holding in ok. Best of luck fellas!
ReplyDeleteClosed out my Tza for small loss
ReplyDeleteClosed out Tvix for small gain
Would have sold my vxx early this morn if I had been at my desk. Now I'm going to wait till tomorrow. Glad I sold half on Monday
Check out epm.
Added to SHW short at $162.95.
ReplyDeleteVE - FYI from BACML report dated 1/29/13:
ReplyDelete"We reiterate Underperform rating and €7.5 PO
We reiterate our Underperform rating three weeks after having reinstated coverage.
The stock rallied c.10% over the last two weeks on the back of management having
addressed several times the press about Veolia restructuring plan being on track.
While nothing new has been put forward, we understand that company fits current
market thirst for high beta/restructuring plays. Yet we believe that structural trends
are being overlooked while the lack of organic deleveraging along with the limited
earnings visibility offered do not call for any rerating of the stock.
Organic deleveraging still difficult to achieve
Management said the company would almost reach its net debt reduction target a
year earlier than expected, which is in line with the comments made at the ninemonth
results publication. Indeed, thanks to the deconsolidation of its Berlin water
subsidiary, the company could indeed end up with close to €12bn of net debt at
end 2012, which was an end 2013 target. The €1.5bn hybrid bond issued earlier
this year will enable VIE to report a much lower leverage ratio as 50% of hybrid
bond is considered as being equity according to credit rating agencies (100%
under IFRS). Yet, despite accounting cosmetics/changes, and c. €4bn of
disposals, only little deleveraging might be achieved at end 2012 with
indebtedness ratio still at 3.7x, partly explaining why VIE issued a hybrid bond, in
our view. Going forward, we do not expect a significant impact on leverage ratio
from the deconsolidation of JVs currently proportionally consolidated (IFRS 11)."
Opened TVIX/TZA @ 5.15x/10.92x...
ReplyDeleteboy that PACB chart looks an awful lot like BIOL.
ReplyDeleteOUT of VXX, still looks good, two quick scalps today not my preferred way to trade.
ReplyDeleteHappy Birthday Bob Marley.
ReplyDelete"AVTC opens new sales office dedicated to Marley Coffee kiosks. AVT is the exclusive U.S. distributor of Marley Coffee branded kiosks and automated stores and will put 2000 company owned units into the market within the next 2 years and has projected sales from these units to top $24 million by year end 2014."
Of course I'm paying no attention to this news.
However, my position in AVTC (Marley Coffee/MDBX) is somehow doing much (13%) better today.
Get up, stand up.
man all of your positions do well must be nice :)
DeleteI have 8 positions in the red.
DeleteI have lightened up my exposure to approx 20% selling into any strength.
Very small VXX position from 23.70.
Just thought I would mention...I sat on this thing underwater for a few weeks in two accounts.
DeleteNothing is easy. I drink alone.
JO - Coffee just keeps coming to me...
ReplyDeleteSGG - Failed at the trend line.
ReplyDelete$WTIC - Lookin' like a decent short?
ReplyDelete1415 - So far we've failed to kiss this target, might need additional time to consolidate and otherwise, digest gains?
ReplyDeleteTVIX/TZA off @ 5.19x/10.97x...
ReplyDeleteCCJ - Good call, huh?
ReplyDeleteBACML PO $22
11/2/12:
Cameco Corporation: Lower growth = Cut PO 4% but Maintain Buy. Expect big 4Q12
MJNA 100.000 shares @ 0.2924.
ReplyDeleteIs that one hundred thousand?
DeleteJuuuust kidding...
DeleteI thought maybe you and Mark were hitting the Herradura.
DeleteStopped out @ 0.11
DeleteThis is what we are trading against...f'ing insane.
ReplyDeletehttp://www.businessinsider.com/high-frequency-trading-fake-quotes-2013-2
I think I'll stick to smaller issues and pink sheet stocks that have to trade via limit orders.
Oh that's all bullshirt, SEC is on top of this, LOL(NOT)!
DeletePAL - oops, missed this:
ReplyDeleteSo maybe soon PAL will go for a $30M raise up?
1/6/13 BACML PO $1.30:
"44.3koz produced in Q4, best quarter of the year
Earlier this week, North American Palladium (PDL) provided some good operating
figures for the fourth quarter of 2012. Total 2012 palladium production came to
163.98 koz (44.3 koz in Q4) vs guidance of 150-160 koz and our estimate of 163
koz. We have made adjustments to our model for the operating figures provided
and we have adjusted our estimate for when Vezza will be in commercial
production and as a result our 2012 earnings estimate has increased from a loss
of C$0.16/sh to a loss of C$0.09/sh. For Q4’12 we are calling for an adjusted loss
of C$0.02/sh, in line with consensus.
Underground mining rate up 38.7% qoq
In Q4’12 the LDI mine processed 511,226 tonnes of ore, with 239,794 tonnes
coming from underground mining with an average grade of 4.93 gpt vs 172,879
tonnes at 5.20 gpt in Q3 and 271,432 tonnes coming from surface sources with
an average grade of 2.44 gpt vs 331,143 tonnes grading 2.35 gpt in Q3. The
overall recovery rate was 82%. We have lowered our 2013 underground grade
estimate from 5.20 gpt to 5.00 gpt, which is the main driver in our decrease in our
2013 earnings estimate from C$0.04 to C$0.00 per share. Due to the changes in
our model we now estimate the company is in need of C$30 million in additional
financing (we have assumed a mix of debt and equity), down from our previous
estimate of C$40 million. We estimate this additional financing needs to be raised
no later than the end of Q2’13."
WTF man. DMND explodes after I sell my position the past 2 days on what I thought were "spikes" to $14.10 to $14.20. I can't buy a break.
ReplyDeleteI was just looking at that, the market can be such a mind F--k, been there done that.
DeleteRobots f'in with prices, price discovery by braille.
DeleteInteresting
ReplyDeletehttp://www.businessinsider.com/baml-client-flows-february-5-2013-2
I've never seen that kind of data from BAML, I'm still waiting for them to fix their order placement system and add some bells and whistles like trailing stops.
DeleteMaybe they can get their stop limit order to work properly?
Added more TZA at $10.93. Playing for a potential downside push to 1,475 before new highs...
ReplyDeleteSQNM - Refuses to drop under $4, which means it's a buy under this level if the robots return to play their magic pricing monkey business, right?
ReplyDeleteThey might be doing this to AUMN this week, but there might be one more round of play coming before they rest or move elsewhere?
AEIS - 2/5/13 BACML $18.50 - Inverters
ReplyDeleteNot trading advice, just ideas for entertainment purposes.
"Anyone in solar shitty?"
ReplyDeletePerhaps I don't feel compelled 'cause it's not crashing?
Honestly can't explain it....... Maybe $10 gets ya' $5, hell I dunno!
All I do know is it's not gonna be different this time and I'm not going to eat the banana!!!
DeleteI jumped ship at $16 today.
DeleteDon't look a gift horse in the mouth near tops.
$16 - Good job, that don't sound too shisty, more like the computer got hosed!
DeleteJust typed in SHTY by accident & came up with.... zip!!!!! ;)
Bots and BS everywhere.
ReplyDeleteIt took about 20 minutes and 25,000 shares of trading HIMX between 2.895 and 2.90 to sell my limit order of 1000 shares. It's now 60,000 shares later and it's still 2.895-2.90.
Seems like someone is trying to off a very large position at 2.90 or someone has a large order with instructions to not pay over 2.895.
I'm betting it's the former.
HIMX conference call, tomorrow at 8 am eastern.
DeleteGet me out at 2.90.
VXX, hit my bid, small long
ReplyDeleteAGO up another 10% now and 37% this year - still holding. With the good fundamental news and still low valuation, I think the market takes this higher as risk is being reduced.
ReplyDeletegreat call
DeleteHighlight of my day, yellow marker all over it!!!!!!! ;))))))
DeleteThat and managing an successful escape from NSPH purgatory. ;)
DeleteGood news. Who says FB is a waste of time?
Deletehttp://www.reuters.com/article/2013/02/06/assured-flagstar-verdict-idUSL1N0B5PPP20130206
wow. this is one of those days where literally everything i own is down...long or short. down 2% for the port today. now that is outperformance!
ReplyDeleteI don't have time but PMSI???
ReplyDeletePSMI
DeleteLooks worthy of some DD....
DeleteWow, another -9% in AH.....
DeleteSNE: Caught this buried in the usual nonsense at the Sista blog.
ReplyDelete"Google (GOOG)
Feb6: 5:28 AM YouTube (GOOG) is reportedly in talks to invest $50M for a 10% stake in music video service Vevo, which is owned by Sony (SNE), Universal Music and Abu Dhabi Media. Vevo syndicates videos across the Internet, including on YouTube - with which it shares ad revenues - and attracted 51.6M unique U.S. viewers in December."
MWW - +3%
ReplyDeleteI wonder how well Doug Kass actually does in the market? He's bearish. He makes a good case but I can see his case not mattering for several months.
ReplyDeleteI agree with CC on the charts. Although I see nothing wrong with looking at the fundamentals and watching the charts for your fav longs/shorts.
Just bot some VXX afterhours at 23.40. It cost an xtra $2.22 in commission. Tomorrow may just be the day I don't get the morning pop in the VXX, we'll see.
this is the CEO of PACB:
ReplyDeletehttp://www.youtube.com/watch?v=5rt2W8cRmGw
new post
ReplyDelete