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...
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