Why did they take QE away from me? Surely they can find it in their hearts to give me just a little more QE, right? I swear, after this round of QE, that’s it–I am done. Christmas is around the corner and the kids need presents. Please, give me that shit…man. I only want it for like 5 minutes, then you can have it back. Why the fuck did you take it away? I didn’t do anything to you.
Come on…man, just one more hit.
Futures are sharply lower and oil is hysterical to the downside, Saudi camel style, sticking pins into the head of Vladimir Putin.
In other news, HAR smashed earnings. I am long. The auto sector has been ravaged in recent weeks, almost as bad as the oils–which makes no sense. But they’re coming back strong now. We just had solid numbers out of CMI (I am long) the other day and now this. I think it’s fair to say the economy is plodding along just fine.
GPRO reports earnings tonight and many people are betting against them. Frankly, I have never, ever, seen a stock so hated. I don’t think anyone, but me, is going to hold into earnings. Here is how I look at it.
This is a super young company, with a product that is in high demand. There are a select few electronics companies worth investing in. This is one of them. With fuel expenses dropping, nationally, I like GPRO’s chances at a blockbuster X-mas. The problem is, I cannot simply wait to buy GPRO AFTER a blow out quarter. If they smash tonight, the stock will be on a bee-line to $100. But if they miss and the stock drops 20%, I will gladly double down, betting on that blow out X-mas.
In case you’re looking for precedent, a time when an electronics manufacturer traded at a similar multiple to GPRO, go take a look at GRMN back in the early days of navigation systems. The stock traded above 10x sales for awhile, then grew into their multiple. I am not making the case for valuation here. GPRO is momentum and they need to show a big number tonight, in order to properly set fire to the faces to the savage swine who remain short the stock–into the hole.
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Just took out a home equity loan to short AAPL.
Tim Coo(c)k is going to squeeze your shorts!!
I think apple already in bed with the feds..stay away, dont fight the fed….
Thank you for the token gay joke.
THE TIM COOK BOTTOM
Yes. Let’s hope we don’t plunge right through it. I don’t think we would like what we find.
There’s got to be a good “bobbing for Apples” line somewhere…
Market can probably go until Nov 5, then it’s after election day AND full moon is the 6th… not a blood moon though. Might get more ‘Bola.
The major market inflection point (long term up or down) will be the Friday before the iBC Vegas get together.
I predict higher alcohol sales in Vegas that weekend (and a couple credit card turn downs at check out time).
Love GPRO products but competition is coming big time. Products will be cheaper and packaged with more accessories. GPRO will be very popular Xmas present but six months from now…. Should be interesting. Consumer will be the winner.
What competition?
You’ve got to think AAPL is going after this market already.
Is that an innuendo?
Kodak for one.
.http://www.slashgear.com/kodak-cooks-up-360-degree-gopro-style-action-cam-30353102/
Can’t keep the IBC homepage up in my browser @ work bc of that homepage…
Why not? Have a gay day
djmarcus either works at Google ((Android division) or the Family Research Council.
Ugh, GPRO already selling off and social keeps getting hammered.
So I guess this camera is for balls-to-the-walls types (TC) but isn’t that an ever dwindling base due to shark attacks, amputations, Hoveround power chairs and sudden death?
not going pro wit the pro, but who knows what will happen I think it drops 10% but not gonna put $ on it yet
Hard to borrow is seldom a good sign. It means smart money knows it’s going to drop. King was hard to borrow as it fell from $20 to $12 and is still hard to borrow, and remain so until it goes to zero