What does everybody think about Pandora? A friend of mine who I consider smarter than average and works in the finance/investing world revealed to me that P is a big part of their portfolio, betting on an acquisition soon. Am I missing something?
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What does everybody think about Pandora? A friend of mine who I consider smarter than average and works in the finance/investing world revealed to me that P is a big part of their portfolio, betting on an acquisition soon. Am I missing something?
internet radio? pfft
that is nearly beat
Word is that they've had a few co's look at them for ~$15 a sh. Nothing confirmed out there tho
Biogen moving. Back in the black (knock on wood)
Bought some BIS today on the idea bio has extended up in a broader bear trend and will revert to the trend. Also bought NFLX this week, like the setup.
bull market, consolidate, bull market, consolidate, repeat until it doesn't work.
http://tos.mx/YHMKVS?image
TWTR !
earnings schmernings
just yesterday everyone bashing twitter saying it would close its doors
pretty clear that the market morons have no clue
Judy Chu: best daytrader ever? https://t.co/JOkBHd2tl7
ya it's been studied before. US Senate has the best day traders on the planet. What's more impressive than the fraud is the ability to hide it decade after decade.
http://www.wsj.com/articles/SB109874916042455390
Quote:
A study suggests that U.S. senators possess stock-picking skills that even the most seasoned money manager would envy. During the boom years of the 1990s, senators' stock picks beat the market by 12 percentage points a year on average, according to the study. Corporate insiders, meanwhile, beat the market by about six percentage points a year, while U.S. households underperformed the market by 1.4 percentage points a year on average, according to separate studies. The final details of the study will be published in the December issue of the Journal of Financial and Quantitative Analysis.
The study's authors, relying on financial-disclosure forms from 1993 to 1998, looked at about 6,000 common-stock transactions of about a third of the senators each year. The researchers then mimicked the senators' transactions, buying the stocks the senators bought and selling the shares they sold. Over a six-year period, that "superportfolio" essentially beat the market by about one percentage point a month, or 12 percentage points a year.
Looking at the timing of cumulative returns, the senators also appeared to know exactly when to buy or sell their holdings. Senators would buy stocks just before the shares suddenly would outperform the market by more than 25%. Conversely, senators would sell stocks that had been beating the market by about 25% for the past year just when the shares would fall back in line with the market's performance.
TWTR filled the gap on the daily chart. Wedge developing on the weekly chart and into weekly resistance. Risk getting easier to define.
please define it ...
Noun
noun: risk; plural noun: risks
1.
a situation involving exposure to danger.
"flouting the law was too much of a risk"
the possibility that something unpleasant or unwelcome will happen.
"reduce the risk of heart disease"
synonyms: chance, uncertainty, unpredictability, precariousness, instability, insecurity, perilousness, riskiness
"there is a certain amount of risk"
possibility, chance, probability, likelihood, danger, peril, threat, menace, fear, prospect
"the risk of fire"
antonyms: safety, impossibility
a person or thing regarded as likely to turn out well or badly, as specified, in a particular context or respect.
"Western banks regarded Romania as a good risk"
a person or thing regarded as a threat or likely source of danger.
"she's a security risk"
a possibility of harm or damage against which something is insured.
the possibility of financial loss.
"project finance is essentially an exercise in risk management"
Verb
verb: risk; 3rd person present: risks; past tense: risked; past participle: risked; gerund or present participle: risking
1.
expose (someone or something valued) to danger, harm, or loss.
"he risked his life to save his dog"
curious about how you define risk as well 4m. Sometimes what you note aligns with VP, others not from what I can tell.
My recent TWTR transactions, while triggered by earnings risk aversion, are just simple exercises in using auction structure to define entry and exit.
on the 4hr but it's relevant for all higher time frames as price doesn't have additional history sub $20. Sold at upper range of the major hvn in 18s, rebought after market appeared to 'catch' the bottom of the hvn and find support at 15.69 (bought 15.79). Now resold 1/2 position at 17.70 as retracement is likely. Reentry will be tricky though. My favorite type of trade, the recycling of shares in a wide range.
Attachment 185798
I'm watching Corey Booker. When he entered the Senate a few years ago, he claimed a net worth of a million, nice easy to remember number. How a young mayor of Newark, NJ could be worth that much, I'll leave to you, since his resume is in "public service". But, he did pal around with Zuckerberg and other techies. Hmmm. If there was betting on this, I'll put a hundred down that he's worth at least five million by 2020. At least. Nice work, if you can get it.Quote:
Originally Posted by Bromontana
He also isn't an old fuck who hates everything he doesn't understand and everybody more successful than him.Quote:
Originally Posted by Benny Profane
Wait, what? Jezuz, people are damn cranky around here today.Quote:
Originally Posted by mcsquared
Now, since you came up with that one, explain to me how a fairly young politician from a modest background and limited experience in the private sector can be worth a million.
I don't know Benny. Maybe he is smarter just than you. His net worth is probably below average for a Stanford/Yale law graduate in his mid-40's.
Risk is defined as permanent loss. Risk is often defined as volatility or temporary but true investment risk is defined by permanent loss. That's why your time frame and risk need to be defined. I like Howard Marks definition (I'm long OAK fwiw just for the wisdom of Howard Marks)
https://www.oaktreecapital.com/docs/...n.pdf?sfvrsn=2
With regard to TWTR and the technical risk. I'd put daily and weekly risk @$15.50 and monthly at new lows. If it makes new lows on the monthly chart your risk becomes zero.
Quote:
Originally Posted by mcsquared
Sooooooo......you're saying I just should have gone to a good law school, get elected mayor of an old, moribund, hopeless eastern city, and I would be rich? Palm to forehead! Damn you dad, with that working hard shit you laid on me!
Booker made $1.3 million in speaking fees from 08 to 13. Bet he's made that annually since 13. Last disclosure I could find he donated over half his speaking fees to charity.
Cory's parents were lifetime IBM'ers. That's millions in pension money.
Dude, really. They ain't sending the checks to Corey.Quote:
Originally Posted by 4matic
Palm to forehead again! Speaking fees! Where did I go wrong?Quote:
Originally Posted by neufox47
Let's get that nice young man Corey Booker to speak to our staff at the next gathering. I'll bet we can learn a lot from him! He's smart. He went to Yale Law School!
Speaking fees, the legal bribe! Well almost all bribes to politicians are legal unless you call it a bribe.
Damn. I was soo close to buying AIG at 50.
I'm guessing a lot not including self funded. They got cashed out in the 90's and then a bonus on litigation.Quote:
Originally Posted by Benny Profane
"IBM agreed to pay $300 million to thousands of older current and former employees to partially settle litigation over its pension plan. The company and plaintiffs agreed to cap further damages an additional $1.4 billion."