Each Sunday we ask the StockTwits community for their best ideas for the week. Here’s this week’s ideas:
@FibLine likes $GS for a move to 149.24 then to 170.
@flong182 like $RMBS if it gets above 24.38
@OptionRadar likes going long $FRED into earnings. We have included the chart he posted below as well.
@TheHarper and @pacami like [...]
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The definition of ‘SHMOmentum’ is the market of the last few weeks.
Momentum investors that do not have exit plans become these SHMOmentum investors, talking to themselves about ‘oversold’ bounces and 200 day averages.
Momentum investing is really hard. You are overpaying for stocks for their liquidity and institutional support.
If you sell when the just as scared instuituitional investors start with their shmomentum selling, you will find 10 percent losses become 30-40 percent losses in just a few days.
It is why when you momentum invest you don’t own 30 stocks, you own 6-10 and you keep your losses small.
Trust me that it is easier said than done. One look at the stock and currency markets tell the story.
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It’s a shame that big oil spills never happen at bank headquarters and I ask the question ‘is there such a thing as a clean energy spill?’
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Well markets are selling off again today with the indexes all down over 1%. Since everyone knows the bearish case, we figured for today’s morning buzz we’d bring you the other side of the trade:
Earnings are still coming in nicely for large industrials such as $DE.
Inflation coming in relatively tame. This is conducive for low rates for an extended period of time:
When everyone is looking for a crash, it rarely happens:
@Contrahour sees some contrarian indicators and may start to nibble long.
The oversold are REALLY over sold
Some bullish options activity and money flow:
Some large financials are strong in a weak tape:
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Its all go here at TweetDeck HQ. We’re working on new clients, hiring new staff and striking new deals every day. This hard work will result in some seriously exciting announcements over the coming weeks that we hope will blow your socks off.
Something enormous.
Something that shoots lasers from its eyes.
OK, not the bit about the lasers.
But it really is huge, and today we’re pressing the big red button onboard the USS Calico to summon “Deckzilla”, AKA TweetDeck for Desktop v0.34
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It feels like Companies are rushing in the web space.
I am not sure if we are rushing because we are nervous of Facebook, nervous of running out of money or the pressure of being the next Twitter, Zynga or now Groupon. Groupon is running fast because of all the ‘clones’ copying him …it could also be the 19 month old $1.35 billion valuation.
Here is an interesting fact about our aging population:
Of all the people in human history who ever reached the age of 65, half are alive now. (New Scientist)
Even though we live in a very old poulation cycle, I don’t understand the rush. The last time web companies were pieced together this fast (1998-2000), things ended badly.
It feels to me that Groupon has an age old financially engineered model. They see a window, a hole, and are bursting through it with nuclear speed. It’s not anything new. They want to be public and they want to get their fast. This is the exception, not the rule.
For the rest of us, rushing will only take a little of the fun out of it. Get the product right.
Groupon believes they have the product that can go global NOW. It will be amazing to see how this one turns out.
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I have become a fan of Tom Brakke’s blog which I found through Abnormal Returns .
In his latest post entitled ‘The Cave and the Flow’, Tom writes about building an investment organization. To build it successfully, you have to navigate the information flow in a productive manner.
These days, it is not hard to be pulled into the flow of information. Digital devices bring it to wherever we may be, at all hours of the day or night. The flow is a raging river that sweeps us along.
The question is whether or when or how often to seek higher ground and retreat to a cave of our own.
As someone whose mission is to create original ideas, I know that I will do my best work when I spend a lot of time in the cave. But I must also heed the lessons of the river, so I need to gaze down upon it to gauge its features, to approach it close enough to hear the roars of the raging waters, to reach down into it for a handful of water to taste, and sometimes to take a dip in an eddy of information. And yes, occasionally I need to swim out into the main current, hoping that it doesn’t sweep me into raging rapids of confusion or over a waterfall of wasted time.
It is easy for companies to get swept up into the river of noise, but if you are lucky, you will have someone or a group of people that are removed from the river and as Tom calls it, ‘do cave time’.
And the question must always be asked: “Who is spending time in the cave?”
It is not banishment to be assigned to the cave, but freedom. The freedom to be apart, to take the time to examine ideas in detail and follow them wherever they lead, to explore the nooks and crannies of the possibilities. There, it is easier to sort the facts from the opinions, the reality from the sheen, and the essence from the superfluous.
In the investment world, I love the river (Stocktwits Stream) because I can see all the ideas flow by and grab the ideas I want and find the people that I want and than follow them in the context that they do their best work – their caves.
That is how I found GregorMacdonald (Macro) and Steven Place (option strategy) and Joe Fahmy (Trend Trading), Todd Sullivan (Value). Finding people out of the river and following back to their cave where they will share their connections.
Don’t dismiss the river or the cave. They both serve their purpose and can be used every day to discover and manage your investments or business.
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‘Open Sesame’ was a magical term when I was a kid. I passed it on to my kids.
It would be wonderful in today’s world of computers if you could control your information online with a few magical worlds.
Not possible.
When I get on the family computer late at night, I am logged into everything. Facebook, Club Penguin, Twitter. Logging out is not in the family vocabulary.
It used to be you told kids ‘don’t talk to strangers’.
Try explaining any social sites ‘terms of use’ to a 12 or 13 year old.
This week, Facebook finds itself in it’s quarterly shitstorm. It will pass. British Petroleum just ‘oiled down’ half the east coast…even that will pass.
There is good reason for most users to be pissed at Facebook. My favorite rant comes from Dana Boyd . Facebook is pretty evil. I don’t know what people expected, but obviously many thought Facebook would remain Disney Land of data and leave the evil to Equifax and Transunion because you have to give them the information (we do).
Fred Wilson says the ‘middle ground’ is treachorous with respect to privacy .
Me, I have seen pretty much everything on the web, especially since I talk about stocks and money. Nothing surprises me.
Right now, Facebook can cost me a job. Luckily, I have never had to rely on a social network for work. If I did, I think my time in would help me. When Facebook can start kicking me out of my home, even country, I will worry.
Talking to my friend Om Malik for a while this week and he knows quite well the march Facebook is making. They are NOT going to stop. They are the machine. Facebook’s new internal slogan is ‘Washington…we ‘like’ you!
Credit is where Facebook is going and that will be a whole new level of power. For 99 percent of you with bad credit, look at that as an opportunity and start being nice to your Facebook friends.
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If you’ve been following the news you’ll have noticed that TweetDeck is broadening into the mobile world. Maybe you’re already rocking out with TweetDeck on the iPad or DMing your mates on TweetDeck iPhone. If you’re REALLY in the loop you’ll know that we’re also working on a mega-project to bring the next generation TweetDeck to Android (more on that soon).
Really though, that’s not enough. There are hundreds of millions of you out there happy with your BlackBerry, Palm, Windows Mobile or handmade, jewel encrusted Linux smartphone. You need TweetDeck on your mobile and you need it now. We hear you.
Several months ago we embarked on a secret mission to develop a cross-platform full-featured mobile TweetDeck. We looked at a lot of options and after much deliberation decided the best way forward was to build an amazing version of TweetDeck to run on mobile web browsers.
The trends are clear. Mobile web browsers are becoming more powerful and standards compliant. HTML5 is looming on the horizon, tempting us with all sorts of web-based goodness. Mobile internet access is getting better, faster, cheaper. But that’s just the beginning.
Battery life is a big issue on all mobile devices but especially older platforms. Using TweetDeck Mobile Web means you can check out what’s going on when you want to and not have an app using valuable resources constantly in the background. Not only will this be easier on the battery but your phone will perform better in general.
Accessibility is another big issue. Using TweetDeck will be as easy as going to our url in a browser. Now you can check out the latest hashtags on your friend’s phone without enraging them by installing software that runs forever in the background. We’ve designed TweetDeck Mobile Web to work on really slimmed down devices, so pretty much anything with a web browser will do.
Finally, by focusing our efforts on a single web based product we can provide the attention and resources to really make the experience shine. Web-based development is efficient and lean so you can expect new functionality to come fast and furious.
And rather than settling for a lowest common denominator approach, we plan to create style sheets and Javascript dedicated to each platform. This will provide an experience enhanced for each mobile browser. We’ve started by optimizing for BlackBerry devices but would love to hear from you about which platforms we should be polishing next.
If this sounds interesting and you want to chime in on the future of TweetDeck, we’d love to hear from you. Testing is about to begin and if you head over to http://support.tweetdeck.com/entries/174214 and sign up we’ll add you to the testing list. We’re excited to roll this out with your support.
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The $EURUSD continues to get killed and $NFLX is running like a biotech on buyout rumors, but overall it’s a pretty quiet day in the markets. Here’s today’s morning buzz:
Interesting little tidbit that China is going to start importing corn $ZC_F. Could be the start of a nice bullish trend for Ags, $DBA.
Now that the long US/short the rest of the world trade is hitting the front pages perhaps its time to look at the inverse:
Crude Oil $CL_F continues to get slaughtered. @aiki14 is looking to get long here, however. The action in Crude and Copper isn’t too bullish:
Looks like the neutral on the sidelines took a move towards bearish this week.
$NFLX hit new highs today on more buyout rumors. @agwarner notes the volatility is also quite high:
@Contrahour notices that some top $WFT execs went “all in” on their stock. Stock has been beaten down as a driller and he likes it here. Here’s the SEC Doc
@danconway believes we may be in the early stages in the Robotics trend with $IRBT and $ISRG with a whole log of room to go,
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