MOAR PETS

Yesterday stocks like FNKO & PETS were both up huge (around 7%). I sold off the PETS I had in my IRA & a bit of the PETS I had in my regular trading account yesterday. Today PETS ramped again & I sold down another 2/3 of what I had left in my regular trading […]

Fun With Funko

Late last year when the market imploded Funko slid hard. They went from an all time high of $31.12 a share down to $11.22 a share. Over the past couple months they started to recover again with the broader stock market, and have touched $25. When the market was up big on the narrative that […]

The Cloud

A couple weeks ago Google acquired data analytics company Looker for $2.6 billion. Google acquired YouTube back in 2006 for $1.65 billion. Core internet services seem bargain bin relative to the valuations of anything with a bit of cloud pixie dust poured upon it. Salesforce paid about 40x projected forward revenues when they acquired Tableau […]

Taking a Bath

I sold off about half my CVS stake early this morning after seeing their Aetna merger might get reversed by Judge Leon. US District Richard Leon — who warned lawyers at a little-noticed hearing last week that they may want to cancel their summer vacation plans — looks like he is setting the stage to […]