I’m long SONO and like that’s it’s up today. But let’s be honest here. JP Morgan doesn’t know what the fuck they’re talking about. Apple isn’t buying shit. They will never spend their money to buy another company. They have so much money — they can do that shit themselves.
JPMorgan wrote that the category of smart home speakers were among the industries with “the most strategic value,” for Apple, “providing potential growth opportunities to leverage services over a wider installed base.”
Apple is “currently lagging competitors in the smart home category,” JPMorgan wrote, referring to the company’s HomePod product line. Sonos, in contrast, has a “differentiated position as a premium home speaker system relative to Amazon Alexa and Google Home,” along with “strong loyalty among current customers and [a] robust international presence.”
Do you sell on this news? Perhaps. I’m not, mainly because I’m complacent.
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Roku gets bought out first.
Why is it moving today? Is it because they hired a guy that worked for a company that was acquired by Samsung? Maybe investors think he has the connect to get Roku OS into their 20% market share of the smart tv market.
Not sure, but a lot of technicians were already calling for $50 last week. Maybe the news and Apple buyout spec just gave things a boost?
Apple buyout?!?!?!?! I don’t know where you get your information but I don’t like it.
I meant JP Morgan talked about multiple potential buyout targets (SONO, ATVI, NFLX) for Apple. Roku wasn’t named but it probably helped them.
https://www.marketwatch.com/story/sonos-could-be-a-smart-acquisition-for-apple-jp-morgan-says-2019-02-04
i’ve had Sonos in my house for 11 years, went long on day 3 of IPO and patiently waiting for a 5-bagger.
No, I trust JPM completely. They are only giving this free investor news for altruistic reasons. Why else woudl they say this?
Surely a large Wall Street company would not spread BS rumors simple to move the price of a stock. Also, it is highly unlikely that investors would fall for such a ruse.
I’m also certain that Samik Chatterjee is not some $sshole who has a $1 bet with any of his coworkers on who can spread the most obviously BS rumor that will still cause the stock to move anyway.
I’m sorry, I meant @$$hole, not $sshole. Sorry for the typo, that’s not like me at all
Are you short NFLX from 50% lower?
Overall market is struggling at the 2/3s retrace of the move from Oct highs to Dec lows …typical of a bear market. Too bad they didn’t discover these attractive take over targets in December.
But don’t be so cynical. Love and trust.
Love and trust.
Fly, your too smart to still be POS BCCI . I expect you exited already w/o losing your 100% gain?