Before I get started….Apple closed at all-time highs. I am excited that this remains my number one position. The attention remains on the products, but as I have been saying since 2006 and my first Wallstrip…it is all about the stores. Ok…for today’s post… I consider myself a nice guy. I have beefs for sure. …
From: October 2017
Asshat or Genius
Ellen and I have now been in the big Apple for two months. We are loving the Grammercy neighborhood. No surprises on the food front. Pizza, Falafel and Chinese Food have been the go to meals. Today we went to ‘Junk‘ a matinee at Lincoln Center. It was our second play of this trip. I …
Bitcoin – Errors of Commission and Ommission
I love this tweet from Eric Jorgenson that sums up his investing strategy: If you invest, you have had ‘FOMO’ (fear of missing out) and you have had ‘Regrets’. It may not happen in this perfect circle of investing life that Eric draws, but for most it does. Over the years, I have developed my …
Boy George Washington
I’m in New York City so of course I went to my first halloween party in 30 years. The party called for a mash of two famous people. I went as Boy George Washington. Great Halloween party by @kasslazerow … I was Boy George Washington but costume of the evening was Vincent Van Go F••k …
The Cloud Bubble!
I don’t think the ‘Cloud’ boom ends for some time. The cloud is like outer space. It is infinite. Tren Griffin is one of my favorite financial writers and he says the cloud has changed earnings. This post from the summer is a great. Tonight, Amazon, Google and Microsoft all reported earnings. Combined, the stocks …
When Momentum Dies…Thanks Softbank and Adios iRobot
It’s been mostly lollipops and balloons in my 8-80 list and my trend following accounts the last few years. But, all good things come to an end. Today I lost an old fave…iRobot. The stock peaked at $105 a few months back on news that Softbank was taking a 5 percent stake. Turns out Softbank …
The Facebook Monopoly?
I admit it. I do not own shares of Facebook. I bought Facebook perfectly back in 2012 and covered it here on this blog . But after a fast 40 percent I sold my shares over the next 6 months. Big mistake. Today, Facebook is a Social Network Monopoly according to Ben Thompson. Ben pushed …
Microsoft and Never Count Your Chickens
This video made me LOL today… When that one really bad investment finally turns green pic.twitter.com/cBhARNfvST — StockTwits (@StockTwits) October 23, 2017 It got me thinking about Microsoft. It was fun to joke about Microsoft in the Ballmer years. But, he was CEO when they made a $240 million investment in Facebook in 2007. Here …
The Other Side of This Bull Market – Momentum Monday
There will be warnings as this bull market ends. They won’t come from your TV. Actually, everyday the warnings are blasted from financial television. The real warnings will show up in the price action. You can keep the TV off. Companies will eventually disappoint. Stocks will start falling on good news. Facebook and Nvidia trade …
The Frightful Five and Software Stock Breakouts Galore
This week flew by for me. The weather in Manhattan was fantastic and I probably walked 50 miles getting around town. The markets had a big week. Again So did Bitcoin. By Friday, the value of all the world’s Bitcoins surpassed the value of Goldman Sachs. I own them both. The lack of volatility in …