Just like when FB came public, social media stocks are careening lower–post mega TWTR offering. It’s almost surreal to see history repeating itself like this. YELP, TWTR, TRLA, GRPN, Z, P are all mired in mud, as the market hits new highs. As much as I like the space, especially YELP, you can’t touch these stocks now, due to their extreme valuations and icy cold shareholder base.
A lot of people are underperforming now, due to the constricted nature of this rally. It isn’t broad-based. Certain industries are performing, while others languish, even tank lower.
It would be smart to cut losses on names that aren’t working in favor for those who might become recipients of window dressing funds.
I’ll share some candidates in the next post.
Until then…DEVELOPING…
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Bitcoin being the new Tulipmania?
Eventually, the government will want its pound of flesh. Once enough people become interested in these things they will claim “money laundering” and seize assets just like they did with online poker when they realized their were billions “up for grabs”.
What’s better than Roses on your Piano?
Tulips on your Organ.
angi is green, fwiw
Sucks since I’ve been riding the momo train all year and now it’s off the rails. Reminds me of the crappy Polar Express movie I watched this weekend with the kids.
What is Fly’s take on the Bitcoin?
Bitcoin is the preferred currency for assholes, worldwide.
That’s the best response I’ve ever seen about bitcoin
ANGI looks good. Not a single soul left speculating in this name.
I just speculated in it .. some Jan 12.5 calls for $1.00 … small gambling lot
year end markup — look for big liquid names – GOOG – MU – C – YHOO
Fly what do you think of playing Softbank like the Whale Rock guys are doing for the Alibaba IPO?
They fucked me on those FXI covered calls….that really angers me deeply.
How?
“Bitcoin is the preferred currency for assholes, worldwide”
CLASSIC
Should be in the annual iBC dictionary under “bitcoin”.
That is if Danny can be found to write same.
Fly, today is the day you’ve been waiting for to buy YELP. Execute!!!
Hes is unlikely to buy here his gaze is transfixed on the oncoming headlights
J. Rotten’s avatar inside the PPT is disturbing. rotten, if you will.
SAC reveals 5% stake in TTS. http://stks.co/ev3A
Beatrice Arthur with a nice rack makes me laugh every time I look at it. I was at a trading seminar in Miami and flashed the pic at Guy Adami each time he walked by my table. That big goof couldn’t keep a straight face, either.