For the past couple quarters Zillow has slid after reporting quarterly results. The big themes on the slide were the erosion in the growth rate of their core business (selling ads to Realtors) coupled with new (perceived?) risks to their business from adding new business lines including lending and home flipping. In after hours on …
Continue reading “Zillow Flips Upward on Home Flipping Story”
I think most penny stocks are penny stocks for a reason – either they are failed businesses, scams, or have some other reason they remain publicly traded while having little to no economic value (based on their market price). In some cases regulatory changes can cause formerly broken businesses to become once again viable. That …
Last year’s sell off was relentless. Even trades that had long bases & were overly obvious still cratered with the broader market. No matter what you were in, if you were in almost anything (other than a short position) you were virtually guaranteed to lose as asset prices deflated. Amazon.com announced they were nixing their …
So much for the game market being destroyed. Two days later and it is as if the poor quarter from EA never even happened. Activision (ATVI) hasn’t recovered anywhere near the degree EA did, Nintendo (NTDOY) is not far from 52-week lows, Take Two Interactive (TTWO) hasn’t regained much of what they lost & NetEase (NTES) is still off …
EA turned in a weak quarter, which caused their stock to slide 15% & also hit Activision / Blizzard for a 10% decline while the Nintendo ADR was off 6%. I traded in and out of both EA & ATVI for quick small gains & am holding a bit of Nintendo + Activision / Blizzard. …
January was the best opening month for the stock market since 1987. I doubt we will see a repeat of Black Monday with the DJIA off 22.6% in a day, but there are still many potential negative catalysts in the market: debt build up, slowing growth globally, growing political populism & nationalism, trade imbalances across Europe creating …
AbbVie missed earnings estimates on the top & bottom line, causing their stock to slide over 6% Friday. I traded in and out of it 3 times for small gains & still have a position in them going forward. President Trump signed a bill re-opening the federal government for 3 weeks, which should help relieve …
TGT stock trades around where it was in July of 2007. In the decade plus since many specialty retailers have went under, been bought out by private equity, or have been bought out by private equity then went under. Every time a company like Toys R Us disappears it ultimately increases the value of Walmart, Target …
PetMed Express reported earnings which missed on both the top line & bottom line, causing their shares to fall about 12% in pre-market trade. Almost immediately after the market opened up shares ramped up hard in a bull trap, which had shares up above $23 each within 45 minutes of open. They were only down …
Pets Are Great Late last week I traded PETS twice in a single day. Caught just about the bottom penny and then sold it for about a 1% gain. Both rather small positions, but gained about a percent on each transaction. Yesterday I bought PETS once again, but got a crappy fill on the position as the …
