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Are we in a tech bubble already or not? Just because every bear you talk to and even the cover of the Economist say we are already in a huge tech bubble and every news paper article you read gives the obligatory “what some are calling signs of a bubble”
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The DJIA and the S&P500 are both down fractionally on the day and the mainstream media reports that it’s because of some national macroeconomic and job data that’s been adjusted and manipulated by government paid economists wasn’t quite as “strong” as the consensus of some
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For just over a year now, I’ve been telling people that we were likely starting to enter an app/tablet/smartphone/cloud-fueled new tech bubble. I told my viewers on Happy Hour repeatedly that Facebook would be worth more than a hundred billion dollars someday. I figured we’d
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Crazy day, especially for our LPS short. It was down more than 5% at one point today, got back into the green, and finished down on the day. LPS got hit with new subpeonas today….who would have thunk it? Ha! We’ve been getting some press for having predicted
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Last week before LinkedIn.com came public, I’d said that it would likely pop huge from the IPO pricing of $40ish and that it would eventually grow into even an $80 per share valuation. By the time it opened that morning and had spiked from the $45 pricing to
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Last week before LinkedIn.com came public, I’d said that it would likely pop huge from the IPO pricing of $40ish and that it would eventually grow into even an $80 per share valuation. By the time it opened that morning and had spiked from the $45 pricing to
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Why buy into apps? Why invest in the cloud? Why not industrials and retail? Why bet against energy and financials? I am often asked why I am investing in the areas I’m focusing on and why I am ignoring other sectors of the economy. Let’s break this concept
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We got a bounce this morning as Nuance and Riverbed rise nicely in the morning trade. Gold, silver, oil and the other commodities are also up on the day. Remember earlier this week when everybody was panicking over…what was it again? The governments in Italy and Spain can’t
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Why buy into apps? Why invest in the cloud? Why not industrials and retail? Why bet against energy and financials? I am often asked why I am investing in the areas I’m focusing on and why I am ignoring other sectors of the economy. Let’s break this concept
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Well, losses in our SLV and RVBD positions neutralize our gains in LPS and with the markets just not finding any legs today, I finished up in the red for the day. I bought some Google calls and did little else trading today. Tomorrow I’ll run through a fundamental
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I bought the Google calls and am watching LPS continue to crack. Riverbed and Ciena both look tempting to me, but I was a buyer of both in front of you guys at lower levels in recent weeks and I’m not going to force anything more just now. The
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I’m continuing to work on building up the Google position. I just bought some longer-dated, out-of-the-money Google calls. I’m looking going out to December 2011s expiration dates with $550-600 strike prices. I’ve already started buying some and will likely work these orders most of today. Here’s