I’ve been (slowly) reading Ken Auletta’s book Frenemies: The Epic Disruption of the Ad Business (and Everything Else). In the book WPP’s former head & roll up founder Martin Sorrell is regularly featured. He was consistently highlighted in the media as one of the highest paid executives in the world & even when his pay “plunged” …
Author Archives: scores
Picking Up Nickels In Front of a Steamroller
Trading yesterday certainly felt like picking up nickels in front of a steamroller. Of the Nasdaq 100, a few minutes before close the only 3 stocks that were up were overrun / off sized clothing discounter Ross Stores & then food product companies Pepsi & Mondelez International which help give bodies an irregular size so …
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In and Out of Funko
I went in and out of Funko a couple times today. I saw it was down the magic 7.77% and it felt like it had to go up. 🙂 I also added & sold off at a slight gain on Yandex & AbbVie positions, though the older established positions I have in both are still …
YNDX Again
You Have to be Awake to be in the Game Once again Yandex was up big on open, cratered, and then recovered a bit. A big part of day trading is being awake during the trading day. 🙂 I screwed up my back and my sleep so I didn’t catch open, though thankfully am feeling …
Yandex (YNDX) Beaten & Left for Dead
Yandex followed yesterday’s doom cycle with a dead cat bounce open at $30.48 followed by a rapid decline to $26.42 a share. They’re now worth around $8.7 billion. The price then touched $28 a share & has since resumed declining, now at $26.63 a share. I sold the biggest chunk I was holding at open …
Search, Search, Search
Not a novel or undiscovered market at this point, but search stocks are cheap relative to where they have been recently. And web usage only grows each day as people literally embed themselves in their cell phones. While the value of social media ads is starting to be questioned more broadly (see the recent Facebook …
Carl Icahn Shorts the US-China Trade War
Tech Stocks on Fire Today tech stocks are once again on fire with Google & Facebook up a couple percent and other online players like Etsy, Twitter, Zillow are up big as well. Even some of the international beaten down tech stocks like MakeMyTrip, Yandex & JD are doing well today. A couple things stand …
Funko Short Squeeze & Slide (FNKO)
The stock market looked quite ugly at close yesterday. The Funko position I had was in the hurt locker, off about 10%. Then today a massive short squeeze caused a price ramp of about 15%, so I sold close to the top on that in a couple different lots. Small-caps have since started heading down …
Long The Gray Lady (NYT)
I don’t regularly read the New York Times, but I like the current set up for their stock. Big trends would be: death of competitors, rejection of tech monopolies that ate the playing field, rise of subscriptions & increased political polarization. Going at them one at a time… Death of Competitors Many of their competitors …
Long Funko (FNKO)
Funko‘s stock closed Friday trading at $19,47, down from a recent high of $31.12 but up large from a 52-week low of $5.81. Their November 2, 2017 IPO was widely panned and even qualified for being in the all time disasters category in terms of IPO performance. Renaissance Capital, which tracks IPOs, reported late Thursday that Funko’s …