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.
Saturday, February 16, 2008
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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