The two most expensive FANGMAN stocks. You definitely don’t believe valuations matter.
The two most expensive FANGMAN stocks. You definitely don’t believe valuations matter.
seattle prattle wrote:
Not me. I've used it to significantly add to my positions of Netflix and Amazon in particular.
Amazon, OK sure.
Netflix is being pumped like a penny stock right now for an epic post earnings dump. It'll probably pull and NVDA and get cut in half in less than a week.
Problem : you know your EPS is going to miss, but you really want to beat! What to do?
Answer : Quite easy actually. Just do what BAC does and buy back $20 billion in your own stock!
This is sustainable :D
Ghost of Igloi wrote:The two most expensive FANGMAN stocks. You definitely don’t believe valuations matter.
I imagine for most growth-style investors, valuation is almost completely beside the point, or if anything a contrary indicator, as high valuation can indicate a stock that has had good growth, and might suggest potential for further strong growth.
Igy: Pricing power is bearish
Racket: Buying back stock is bearish.
hmm.
(note how arrogant I get when the market goes up a little)
Ghost of Igloi wrote:
https://mobile.twitter.com/EconguyRosie/status/1084913284975857664?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1084913284975857664&ref_url=https%3A%2F%2Fwww.zerohedge.com%2Fnews%2F2019-01-15%2Fstocks-eod
So they believe there is a nearly 80% chance that there will not be a recession in 2019. Sounds good to me.
agip wrote:
Igy: Pricing power is bearish
Racket: Buying back stock is bearish.
hmm.
(note how arrogant I get when the market goes up a little)
This has to be a contrarian indicator.
agip starting to get smug => huge reversal incoming.
If hot garbage like Netflix beats earnings and rises then I'll go long
Racket wrote:
agip wrote:
Igy: Pricing power is bearish
Racket: Buying back stock is bearish.
hmm.
(note how arrogant I get when the market goes up a little)
This has to be a contrarian indicator.
agip starting to get smug => huge reversal incoming.
If hot garbage like Netflix beats earnings and rises then I'll go long
come on - rule #1 of having a contrarian indicator is that you can never tell that person he is a contrarian indicator. Because then he will start thinking about why he is a contrarian indicator and start doing the opposite of what he would do otherwise.
Shape up, man.
At this point it is just a technical bounce from oversold conditions. The damage done in Q4 2018 will take some time to repair, if at all. I expect a re-test of the Christmas Eve lows and at that point we will see how resilient the market is.
agip wrote:
Racket wrote:
This has to be a contrarian indicator.
agip starting to get smug => huge reversal incoming.
If hot garbage like Netflix beats earnings and rises then I'll go long
come on - rule #1 of having a contrarian indicator is that you can never tell that person he is a contrarian indicator. Because then he will start thinking about why he is a contrarian indicator and start doing the opposite of what he would do otherwise.
Shape up, man.
Ugh true, holding this short position has really made me lose my edge.
Looking at going long on American Express or Mastercard for earnings. They're gonna beat big time. Might as well start riding the wave
“As Bloomberg's Lu Wang notes, it's not just a sector phenomenon, as drilling down the differential within the same sector revealed a similar pattern: namely high-momentum stocks traded at double the price-to-earnings ratio of low-momentum shares. In fact, as the chart below shows, that was the highest premium since 2000.”
“According to this data, investors have once again not only not learned anything from the December shock, but are piling back into the very same names that were the main culprits for the sharp fourth quarter swoon. And, as one would expected, as money once again piles into the very same names, another reversal could "mean trouble", according to Bernstein strategists Sarah McCarthy and Inigo Fraser Jenkins. Why? Because the last time momentum-stock valuations approached the sort of extremes seen in 2000, the strategy tumbled 53 percent in the following six months.”
Zerohedge, 1/16/2019, “One Bank Spots A “Career-Ending” Divergence in The Market
agip wrote:
Racket wrote:
This has to be a contrarian indicator.
agip starting to get smug => huge reversal incoming.
If hot garbage like Netflix beats earnings and rises then I'll go long
come on - rule #1 of having a contrarian indicator is that you can never tell that person he is a contrarian indicator. Because then he will start thinking about why he is a contrarian indicator and start doing the opposite of what he would do otherwise.
Shape up, man.
That hasn’t been true of our resident CI.
Ghost of Igloi wrote:
At this point it is just a technical bounce from oversold conditions. The damage done in Q4 2018 will take some time to repair, if at all. I expect a re-test of the Christmas Eve lows and at that point we will see how resilient the market is.
After 4 years, does this guy really believe anyone takes his predictions serious. Up until now, he's never been right.
DGTD Contrarian Indicator alert! wrote:
agip wrote:
come on - rule #1 of having a contrarian indicator is that you can never tell that person he is a contrarian indicator. Because then he will start thinking about why he is a contrarian indicator and start doing the opposite of what he would do otherwise.
Shape up, man.
That hasn’t been true of our resident CI.
Ah, some people forgot “pricing power” did not work out so well for Apple. Likely this is another Contraian Indicator licked by Bad Karma to become the DGTD Contrarian Contrarian Indicator.
purple martin wrote:
Ghost of Igloi wrote:
At this point it is just a technical bounce from oversold conditions. The damage done in Q4 2018 will take some time to repair, if at all. I expect a re-test of the Christmas Eve lows and at that point we will see how resilient the market is.
After 4 years, does this guy really believe anyone takes his predictions serious. Up until now, he's never been right.
You are still down $45 on TNA and $70 on FB. Looks like yellow belly sap sucker and not a purple martin. Dollar cost average over the next two years and you’ll be up in ten.
Ghost of Igloi wrote:
purple martin wrote:
After 4 years, does this guy really believe anyone takes his predictions serious. Up until now, he's never been right.
You are still down $45 on TNA and $70 on FB. Looks like yellow belly sap sucker and not a purple martin. Dollar cost average over the next two years and you’ll be up in ten.
You form an illusion of what other investors are doing as a means of soothing the wounds on your own shortcomings of mis-timing the market since 2011.
purple martin wrote:
Ghost of Igloi wrote:
You are still down $45 on TNA and $70 on FB. Looks like yellow belly sap sucker and not a purple martin. Dollar cost average over the next two years and you’ll be up in ten.
You form an illusion of what other investors are doing as a means of soothing the wounds on your own shortcomings of mis-timing the market since 2011.
That’s a nice way of calling Igy a liar.
Detector Dude is so dump he still hasn’t figured out I am not K-5.
Ghost of Igloi wrote:
Detector Dude is so dump he still hasn’t figured out I am not K-5.
Haven’t seen K5 around since you turned on him. He used to defend you to the hilt, but I guess you must have hurt his feelings with those insults.
No, I exclusively save the insults for you and your clones.