Monday:
Tuesday:
Wednesday:
Thursday:
*Feel free to add to the list in the comment section.
Note: I noticed a bunch of retailers reporting, [[SCC]] seems like the best way to short the group according to Market-topology. Hat-tip to Caddy for pointing out the site.
Note II: A few solars are reporting, [[STP]] is your safest way to play the group.
Comments »[[GOOG]] Price 433.35
Everyone knows Google, and everyone uses Google, so why not own a piece of it?
Based on valuation, the stock is cheap and it’s now considered a value stock. It’s current multiple, meaning P/E ratio, is now less than it’s growth rate:
Current P/E: 32
Growth rate: 36%
PEG Ratio: 0.60 (less than 1 signals the stock is undervalued)
All of the information highlighted is enough for me to add to my position in Google, but the thing that really gets me excited is Android.
Android will allow users to create software for mobile phones sort of like the way Microsoft invented software for the computer. In my opinion, the cell phone is the new computer, so why not buy the next Microsoft.
Software development for mobile phones is in it’s infancy, and Google will have the competitive advantage when it takes off.
Check out this interesting article. The iPhone is already starting to attract software developers, and Eric Schmidt, the CEO of Google, sits on [[AAPL]] board, odd no? This trend will be huge and I am an big believer in it.
Google Android explained:
[youtube:http://www.youtube.com/watch?v=g4m73NXn7hY 450 300]Take a look at Google’s chart since it’s IPO. The stock is currently sitting right at 50% retracement, will this act as support?
__________________
Update: So much for my bounce theory, it looks like Google will be under significant pressure due to Barron’s article.
Comments »Check out the updated bracket
Comments »For the second week in a row I’m picking [[FXP]] for my over-the-weekend play.
China is doomed come Monday.
Comments »Today was one of my best days YTD.
I caught a nice move in [[SPWR]] from $63 to 58.50 via put options, and also closed out a few other puts [[ATI]] & [[UNP]] for some nice coin–all highlighted ahead of time in the breakdown category.
I am still heavy in inverse ETF’s, and if we close deep red, [[FXP]] is your play. Do you really think China will have a good day Monday?
See you guys this weekend with some weekend links and a tournament update.
Note: My [[PBR]] puts are looking “fantastical”
Comments »
