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Joined Jan 27, 2008
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Salesforce CEO Says Company Will Not Buy Twitter

You gotta love the news flow coming out on Twitter every Friday. According to FT, Salesforce CEO states the company will not buy Twitter:

Twitter is “not the right fit for us for many different reasons,” Salesforce CEO Marc Benioff told the Financial Times.

$TWTR is plunging yet again on the news. Here is an intraday look:

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Twitter Receives Takeover Interest From Japan’s SoftBank

New market chatter for a slow Friday afternoon. ETF Daily News reported Japan-based technology firm Softbank could make a takeover offer on the microblogging company.

From ETF Daily News

At first glance, SoftBank wouldn’t appear to be a likely suitor. Its headquarters being in Japan creates obvious geographical and cultural issues, and the company’s focus on telecom isn’t a great fit for Twitter.

However, SoftBank just recently partnered with Saudi Arabia to create a $25 billion tech fund, which can grow to $100 billion over the next five years. SoftBank also has a big recent history of major tech investments.

From the WSJ:

SoftBank, led by chief executive Masayoshi Son, is known for its bold and wide-ranging bets, ranging from Chinese e-commerce giant Alibaba Group Holding Ltd. and U.S. mobile carrier Sprint Corp. to U.K. chip designer ARM Holdings PLC, which it bought last month for $32 billion. On Friday, it announced plans to invest at least $25 billion over the next five years through a fund dubbed the SoftBank Vision Fund.

Saudi Arabia’s Public Investment Fund may contribute an additional $45 billion over the next five years as the fund’s lead partner, SoftBank said. SoftBank said in a statement that the company was in talks with “a few large global investors” who could eventually push the new fund up to $100 billion to become the world’s “biggest investor” in technology over the next decade.

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Here’s a look at $TWTR shares since inception:

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Stocks To Watch Today

Natural gas has made one hell of a move here and it’s no surprise to see $CHK, $SWN, & $RRC on the runner screen. With buyers stepping in at support, the runner screen is populating a few names: TAKE A LOOK.

Tickers to watch include: CHK, SWN, CSIQ, EPE & WTI

Do you guys think the bulls can hold us up here?

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Can I Get Some Support?

The $S&P 500 index is down a whole 1% this morning, but feels a lot worse given the action in individual names. With the pullback this morning, it brings us back to the scene of the crime 2120, a level that started this move to all time highs over the summer:

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Should we fail to hold here, we likely have a date with the 200 day moving average, near 2070. Let’s see if we find some buyers in here.

Developing….

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Tim Tebow “Heals” Mets Fan

Tim Tebow went 0-3 from the plate during his Arizona Fall League debut yesterday, but after the game he was batting 1.000. The Mets’ minor leaguer, aka Baseball Jesus, reportedly comforted a man who suffered a seizure while he was signing autographs and waited with him until paramedics showed up.


Baseball jesus is upon us, and Hillary Clinton is about to be our next president. I’m convinced the end of the world is near.

At any rate, as always, we salute you over here at iBankCoin.com Mr. Tebow.

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$GOOGL Testing All-Time Highs

Keep an eye on $GOOGL here as it tests all time highs @ 819.06. A move above $819 should ignite the next leg in Google. Here’s a 9 month daily chart:

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Google also performs best in October, boasting an average return of over 12% in the Month of October. Here’s a seasonality chart on $GOOGL, courtesy of EXODUS:

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I’m long.

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