Sold more Gilead today. It jumped 2 bucks more, at times traded at $48. All that on huge down day! Well, I'm selling rips of individual stocks, not rips of the market. Now I have some cash to buy dips, which look like coming.
Full disclosure: at the time of publication author had long position in Gilead Sciences. Positions can change at any time.
Disclaimer: This article is not intended as an investment advice. Every person should make her/his own investment decisions based on all available information and advice from her/his own financial advisor.
Friday, February 29, 2008
Thursday, February 28, 2008
Selling Gilead.
Sold some from my Gilead (GILD) position today. Shares jumped on report that Gilead's AIDS drugs are better than Epzicom from GlaxoSmithKline. Good. But I still in doubt about long term perspectives of the company. No visible pipeline for now.
Full disclosure: at the time of publication author had long position in Gilead Sciences. Positions can change at any time.
Disclaimer: This article is not intended as an investment advice. Every person should make her/his own investment decisions based on all available information and advice from her/his own financial advisor.
Full disclosure: at the time of publication author had long position in Gilead Sciences. Positions can change at any time.
Disclaimer: This article is not intended as an investment advice. Every person should make her/his own investment decisions based on all available information and advice from her/his own financial advisor.
Wednesday, February 27, 2008
Microsoft search is not for you
This is how Microsoft does business: if you have a site which has a Google search link or Google AdSense ads, your site is excluded from search results. Thanks to Sherry Gil for pointing it out here. Of course, that's monopoly abuse in its worst form. But it's also a bad business. If people know that MSN search doesn't give them all relevant results, they are less likely to use it. Advertisers are less likely to put ads on MSN search. Microsoft can buy Yahoo!, but they won't make any money from it either, because search results will lose it's relevance. Just for the fun of it, try to search for "muddling investor" on Google, MSN and Yahoo. You won't find this blog on MSN.
What does it mean for investing: don't buy MSFT. This company is set to spend every penny it earns from 3 profitable products (Windows, Office and SQL Server) and then some, trying to put Google out of business. Not sure they can hurt Google. But such spending doesn't look good from financial point of view. There are some indications that MSFT will borrow money to buy Yahoo! That's going into debt from current $20B cash hoard. Doesn't look good, Yahoo! will never make MSFT money.
Full disclosure: at the time of publication author had long position in Google and didn't have any positions, long or short, in Microsoft and Yahoo!. Positions can change at any time.
Disclaimer: This article is not intended as an investment advice. Every person should make her/his own investment decisions based on all available information and advice from her/his own financial advisor.
What does it mean for investing: don't buy MSFT. This company is set to spend every penny it earns from 3 profitable products (Windows, Office and SQL Server) and then some, trying to put Google out of business. Not sure they can hurt Google. But such spending doesn't look good from financial point of view. There are some indications that MSFT will borrow money to buy Yahoo! That's going into debt from current $20B cash hoard. Doesn't look good, Yahoo! will never make MSFT money.
Full disclosure: at the time of publication author had long position in Google and didn't have any positions, long or short, in Microsoft and Yahoo!. Positions can change at any time.
Disclaimer: This article is not intended as an investment advice. Every person should make her/his own investment decisions based on all available information and advice from her/his own financial advisor.
Tuesday, February 26, 2008
Google is still a BUY!
A lot of negative stuff about Google. Advertising might be slowing, true. Recession means advertising budgets are getting slashed, true. But Google selling at less than 19 future P/E and PEG 0.67? Even if those numbers are too good, they can't be so far off. I'm probably going to break discipline and buy more Google myself.
Full disclosure: at the time of publication author had long position in Google. Positions can change at any time.
Disclaimer: This article is not intended as an investment advice. Every person should make her/his own investment decisions based on all available information and advice from her/his own financial advisor.
Full disclosure: at the time of publication author had long position in Google. Positions can change at any time.
Disclaimer: This article is not intended as an investment advice. Every person should make her/his own investment decisions based on all available information and advice from her/his own financial advisor.
Friday, February 22, 2008
Stockpickr is fixed.
Webadmins are OK at stockpickr.com. The problem I blogged about in previous post is fixed. Now back to stockpickr.
Stockpickr problems.
Something is wrong with Stockpickr since yesterday night. You can't open any portfolio, result: "Sorry, errors found! Invalid url". First I thought it's just me, but looks like all portfolios are not available.
Market is just killing me. TheStreet.com reported inline results, getting killed second day in the row. Gilead is going down hard. It wasn't supposed, yet, not until I sold it...
Full disclosure: at the time of publication author had long positions in Thestreet.com and Gilead. Positions can change at any time.
Disclaimer: This article is not intended as an investment advice. Every person should make her/his own investment decisions based on all available information and advice from her/his own financial advisor.
Market is just killing me. TheStreet.com reported inline results, getting killed second day in the row. Gilead is going down hard. It wasn't supposed, yet, not until I sold it...
Full disclosure: at the time of publication author had long positions in Thestreet.com and Gilead. Positions can change at any time.
Disclaimer: This article is not intended as an investment advice. Every person should make her/his own investment decisions based on all available information and advice from her/his own financial advisor.
Monday, February 18, 2008
Doug Kass rocks!
I'm a reader of thestreet.com. I read it every day, trying not to miss anything written by Great Jim. I was a fan of Weekend Linkfest by Barry Ritholtz, such a pity it disappeared from thestreet.com. You can still read it on Barry's blog: http://bigpicture.typepad.com. I read every installment of Daily Blogwatch by James Altucher. But the most important author for me right now is Doug Kass.
He's a shortseller. Yeah, right. Like any good investor/trader, he is an opportunist. Everything he predicted short term this year happened (well, maybe not everything, but most of the things anyway). I think it's a time to make Doug my official trading guide for the year. Main guideline? Buy the dips and sell the rips. I was good with the first part of the advice, now it's time to use second part as well. Time to sell something when market is going up.
Maybe it makes sense to subscribe for realmoney.com? Don't know yet...
He's a shortseller. Yeah, right. Like any good investor/trader, he is an opportunist. Everything he predicted short term this year happened (well, maybe not everything, but most of the things anyway). I think it's a time to make Doug my official trading guide for the year. Main guideline? Buy the dips and sell the rips. I was good with the first part of the advice, now it's time to use second part as well. Time to sell something when market is going up.
Maybe it makes sense to subscribe for realmoney.com? Don't know yet...
Saturday, February 16, 2008
Yahoo Tech Ticker and me
On brand new (and quite entertaining) Yahoo Tech Ticker Aaron Task interviews Jim Cramer (here and mentions the possibility that Jim is a contrarian indicator for tech. I mentioned this idea right here. Although I would never go so far as to think that Jim is always a contrarian for tech. Or that Jim is a contrarian for all tech stocks. I don't think they meant my post, I'm almost sure they never read it. Anyway, it looks like I'm not alone in mentioning the possibility.
I repeat my idea: Google and Apple are down huge, Cramer was against them at (or near) the bottom. Buy, buy, buy. Same goes for Intuitive Surgical, which is Cramer's buy right now.
Full disclosure: at the time of publication author had long position in Apple Computers, Google and Intuitive Surgical. Positions can change at any time.
Disclaimer: This article is not intended as an investment advice. Every person should make her/his own investment decisions based on all available information and advice from her/his own financial advisor.
I repeat my idea: Google and Apple are down huge, Cramer was against them at (or near) the bottom. Buy, buy, buy. Same goes for Intuitive Surgical, which is Cramer's buy right now.
Full disclosure: at the time of publication author had long position in Apple Computers, Google and Intuitive Surgical. Positions can change at any time.
Disclaimer: This article is not intended as an investment advice. Every person should make her/his own investment decisions based on all available information and advice from her/his own financial advisor.
Monday, February 11, 2008
Tradingmonkey release 0.2 is out.
You can get it at this link. In this release there is a framework class for creating of trading monkeys and one preset monkey. There are also couple of sample scripts which can explain how to use monkeys.
Buying more of MO
Bought more of Altria (MO) today. It was way too low already, and as Dow Jones dropped it from the index, it's down more. Will buy more under $71.
Full disclosure: at the time of publication author had a long position in MO. Positions can change at any time.
Disclaimer: This article is not intended as an investment advice. Every person should make her/his own investment decisions based on all available information and advice from her/his own financial advisor.
Full disclosure: at the time of publication author had a long position in MO. Positions can change at any time.
Disclaimer: This article is not intended as an investment advice. Every person should make her/his own investment decisions based on all available information and advice from her/his own financial advisor.
Tuesday, February 5, 2008
Cramer as a contrarian indicator
Jim Cramer is great, no doubt. He made people (and me) a lot of money. But sometimes he is getting scared and runs from a great stock. And sometimes this is the best time to buy this stock. Let's make a rule: if Jim doesn't like a great stock which is down big time, it's a "Buy Buy Buy".
I already mentioned Intuitive Surgical (ISRG) on January 14 (link). Yesterday Cramer made a Buy call on it (50 points later!). Two more calls:
1. Apple Computers (AAPL). Stock is down huge, Cramer doesn't like it here/now. I already made my point here, and I repeat: Apple is a Buy.
2. Google (GOOG). Today on Lightning Round Cramer said that he doesn't like Google. Stock is down huge because of "missed" quarter and MicroHoo "Threat". My take: quarter was in line, a penny miss is a rounding error. MicroHoo is not a threat but an opportunity (more here). Buy, especially if stock goes well below 500.
I already mentioned Intuitive Surgical (ISRG) on January 14 (link). Yesterday Cramer made a Buy call on it (50 points later!). Two more calls:
1. Apple Computers (AAPL). Stock is down huge, Cramer doesn't like it here/now. I already made my point here, and I repeat: Apple is a Buy.
2. Google (GOOG). Today on Lightning Round Cramer said that he doesn't like Google. Stock is down huge because of "missed" quarter and MicroHoo "Threat". My take: quarter was in line, a penny miss is a rounding error. MicroHoo is not a threat but an opportunity (more here). Buy, especially if stock goes well below 500.
Friday, February 1, 2008
Google: you call it a miss?
Google(GOOG) reported yesterday, missing one penny of $4.43 earnings, excluding special items. At this stock price and level of earnings, 1 penny is a rounding error. Sorry guys, it's inline earnings, not a miss.
Stock is down huge, true. But this is the story of any tech company this earnings period, no matter if they beat expectations or missed them. Just look at Apple (AAPL). Tech just is not in fashion now. Should be time to buy.
Full disclosure: at the time of publication author had long position in GOOG and AAPL. Positions can change at any time.
Disclaimer: This article is not intended as an investment advice. Every person should make her/his own investment decisions based on all available information and advice from her/his own financial advisor.
Stock is down huge, true. But this is the story of any tech company this earnings period, no matter if they beat expectations or missed them. Just look at Apple (AAPL). Tech just is not in fashion now. Should be time to buy.
Full disclosure: at the time of publication author had long position in GOOG and AAPL. Positions can change at any time.
Disclaimer: This article is not intended as an investment advice. Every person should make her/his own investment decisions based on all available information and advice from her/his own financial advisor.
Intuitive Surgical: I told you so
Intuitive Surgical(ISRG) is up about 20% today after another great quarter. My call here was right on money. I feel great!
Full disclosure: at the time of publication author had long position in ISRG. Positions can change at any time.
Disclaimer: This article is not intended as an investment advice. Every person should make her/his own investment decisions based on all available information and advice from her/his own financial advisor.
Full disclosure: at the time of publication author had long position in ISRG. Positions can change at any time.
Disclaimer: This article is not intended as an investment advice. Every person should make her/his own investment decisions based on all available information and advice from her/his own financial advisor.
Microsoft is buying Yahoo! Buy Google!
What a news this morning! Microsoft is going to buy Yahoo! Both are stocks in my "Tech Have Beens" portfolio on Stockpicr. Old folks getting married? Fun for them, but why would we care?
What does it mean for investors?
1. Current owners of Yahoo! stock: sell right now. You don't know if/when this deal can go through. You just got 50+% profit. Bank it.
2. Everyone else: Buy Google! I remember history of Hotmail. I was a user in 1997. Then Microsoft bought it. First thing happened: Hotmail was unavailable for couple of weeks. Then I was flooded with spam. Then MS sent me a message that I need to convert to Passport (for those who doesn't know, it was supposed to be one common login system for the whole Internet). That's when I dropped my account. I had Yahoo! mail already, which was much better. If MS goes the same way with Yahoo! (and history suggests that they don't know any better), Yahoo would be dead (or a zombie) in about a year. I just can't imagine that MS knows how to accomodate Yahoo! culture. And they definitely don't know how to manage from outside. So expect huge lost of talent inside of Yahoo! and huge lost of customers outside of it. And where are both going to go? Google, of course. I'm definitely going. Google mail is great, their financial site is closing on Yahoo! Finance, and that's all I'm using on Yahoo! nowadays. From financial point of view: MS never knew how to make money on the Internet. They are still losing (more and more) it on their MSN properties. Yahoo! knows how to do it, but not good enough. Guess, what Yahoo! will be doing under MS boot (sorry, sure and gentle guidance)?
Full disclosure: at the time of publication author had long position in Google (GOOG) and did not have any positions, long or short, in Microsoft(MSFT) and Yahoo!(YHOO). Positions can change at any time.
Disclaimer: This article is not intended as an investment advice. Every person should make her/his own investment decisions based on all available information and advice from her/his own financial advisor.
What does it mean for investors?
1. Current owners of Yahoo! stock: sell right now. You don't know if/when this deal can go through. You just got 50+% profit. Bank it.
2. Everyone else: Buy Google! I remember history of Hotmail. I was a user in 1997. Then Microsoft bought it. First thing happened: Hotmail was unavailable for couple of weeks. Then I was flooded with spam. Then MS sent me a message that I need to convert to Passport (for those who doesn't know, it was supposed to be one common login system for the whole Internet). That's when I dropped my account. I had Yahoo! mail already, which was much better. If MS goes the same way with Yahoo! (and history suggests that they don't know any better), Yahoo would be dead (or a zombie) in about a year. I just can't imagine that MS knows how to accomodate Yahoo! culture. And they definitely don't know how to manage from outside. So expect huge lost of talent inside of Yahoo! and huge lost of customers outside of it. And where are both going to go? Google, of course. I'm definitely going. Google mail is great, their financial site is closing on Yahoo! Finance, and that's all I'm using on Yahoo! nowadays. From financial point of view: MS never knew how to make money on the Internet. They are still losing (more and more) it on their MSN properties. Yahoo! knows how to do it, but not good enough. Guess, what Yahoo! will be doing under MS boot (sorry, sure and gentle guidance)?
Full disclosure: at the time of publication author had long position in Google (GOOG) and did not have any positions, long or short, in Microsoft(MSFT) and Yahoo!(YHOO). Positions can change at any time.
Disclaimer: This article is not intended as an investment advice. Every person should make her/his own investment decisions based on all available information and advice from her/his own financial advisor.
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