ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Last week, Zillow (Z) published an infographic on its blog site purportedly describing the impact of the Facebook (FB) IPO on home listings in the local neighborhood of its Menlo Park headquarters (see “Millionaire’s Row: How Did Facebook’s IPO Affect Silicon Valley Real Estate?“). The summary caught my attention: “To illustrate the Valley’s real estate … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on June 8, 2012. Click here to read the entire piece.) Facebook (FB) has fallen far. Already beset by privacy concerns, now Facebook has cost a lot of people, a lot of money. So, it is understandable that it has become quite … Read more
For only the second time in its nine days as a publicly traded company, Facebook (FB) closed at a higher price than the high of the previous day. Sure, it is only a few pennies. But for a stock getting sold nearly non-stop since its IPO, this counts as progress. More importantly, FB printed a … Read more
(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag. T2108-related trades and other trades are posted on twitter using the #120trade hashtag) T2108 Status: 27.6% VIX Status: 22.0% … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on April 24, 2012. Click here to read the entire piece.) This post is a follow-up to one I wrote last week titled “Time to Buy Zynga Ahead of the Facebook IPO.” In that post, I provided a very rough upside price … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on April 19, 2012. Click here to read the entire piece.) {snip}…selling in the stock is accelerating as Zynga wipes out all of its post-Facebook gains and retests its $10 IPO price. If Facebook is a $90B company, then Zynga’s 12% share … Read more