There are some scary drops this morning in some of your favorite momentum names. For every BIDU, there is a SFLY, YELP or an IACI. If history is of any use at all, these dips will be bought. But before that happens, losses will be had and brokerage accounts will be zeroed out.
The weak shall be knee-capped and tossed into idle sewer pipes. If you’re playing the earnings game, without an edge, you might as well be playing with dynamite sticks on a hot summer day, inside of a house of mirrors.
WETF is above $14 and looks to be heading higher. Whenever that stock dips, it’s a buy. Keep a mental note.
NQ is lifting again, post Muddy Waters. I’d avoid even thinking about Chinese names. Expect more hit pieces.
In the coming weeks, there will be a slew of IPOs, most notably TWTR. While this is a good thing for investment banks and exciting for the piker investor, as a whole, it dilutes the market. All of this new supply isn’t absorbed with new money. Stocks will be sold to meet this new demand, which, inherently, is bad for stocks.
Do you remember how the market responded post FB ipo?
Let’s hope for a better showing this go around.
Top pick: ALJ
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Any thoughts on TTWO? I just read a few reports. BOAML call this a value stock now with 8$ net cash exiting 2014. Funny after such numbers.
Looks good
Would you be looking to get back in ANGI anytime soon?
Why would anyone pay for reviews when they get them for free on YELP?
Way more reviews on ANGI, for home services.
ANGI seems like a mine field at the moment. I’d be a little concerned with their ability to keep traction in the space. It’s a slippery slope with these services, but they do seem to have the biggest market share for contractor reviews right now.