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What about market in general?
this isnt a real stock market thread if all you guys talk about is apple...
Yeah--he's hiding a Zerohedge scoop from Obermeyer Asset Management where the guy does some number crunching to conclude that Apple has to sell the equivalent of $225/yr to every person in the US to justify the current price and assuming no margin compression. Also $2.5 trillion over next 10 years. I suppose the upshot is that you have to believe in huge high margin growth outside US to be looking at AAPL at this level.
1Q earnings will tell. With benign weather up and down the east coast, no excuses for retailers and others not to hit their numbers, and certainly not have any big misses. The GDP number today was +3%, and personal income comes out tomorrow. If it's true that all these new jobs are being created and folks are being hired, there should be some spending coming through the economy. If you drive around Vienna, you'd never know we have a housing problem in this country, more teardowns than I think I've ever seen. Clearly the DC area is an outlier on income and disposable income, but if the rest of the country is picking up than the number should be good. Good earnings mean good market.
My investment guy just bought me 400 shares of something-or-other. That tip is free.
He is skeptical about the market in general until the end of the summer.
classlessthug: I have too much on my plate to worry about the fact that my junk intimidates some needle D undergrad.
Hope it wasn't RIMM.
I can't believe the markets are actually in the red for once. Someone take a screenshot before it disappears.
Think we may be seeing more of that in the near term. Lots of leaders looking like they could roll over.
AAPL (pacman death noise)
If they miss tonight it's going to get ugly. AT&T earnings indicate less iphones were activated in the quarter than expected.
At what price does it start to get compelling?
I've already seen a couple of research notes squawking about that. IPad may have to rescue them.
Will Danoff (Fido Contrafund) was on CNBC yesterday and the host was trying to get him to say something bad about the stock, but he absolutely loves it. It's a top 5 holding and he said he was buying it at over $600 and will continue to buy it if it falls. He's not selling.
Yeah I'm hoping they take a nice big fat loss today so I can buy in.
to be fair Fidelity is the largest shareholder and most of that is Danoff - its the top holding in Contrafund and New Insights Fund which he also manages, so he's talking his book to some extent
How much of that is ATT suckiness now that you can get one through Verizon?
Understood, he's not going to shoot himself in the foot. But having worked at Fido, the research effort can't be matched anywhere. Danoff probably has Cook's cell phone number in his phone.
Just coming out that Motorola has won some type of patent infringement suit against Apple/IPhone. Haven't seen any details.
Does anybody know what ETFs will hold Facebook at the IPO? Without any actual research, it would seem like a great way to benefit from the pop while getting a boost from other investors driving up the price.
Not sure how they'd get a valuation pre-IPO. And you'll never know who's actually taking down the shares in the IPO, the IBanks would never let that info get out.
This post was edited by sugarmag 2 years ago
lol please for the sake of God dont buy into that fucking money pit. facebook is at the beginning of the end. Hombre.
If you buy in the aftermarket make sure you put in a limit order.
I don't know what ETFs will hold it, but when I worked at T. Rowe pretty much every fund gets a piece of an IPO. I remember when Visa had their IPO all the small-cap, mid-cap, large-cap, blue chip, growth, value, blend, balance, etc funds got a piece and I would imagine it will be the same for facebook. You have to realize though that a fund is going to hold like <1% of Facebook, and any realized/unrealized gain or loss on the first day is going to be so immaterial in comparison to the rest of the fund that it probably won't even move the NAV up a penny.
Unless you are Nancy Pelosi, without directly getting into Facebook pre-IPO it would have to be a concentrated technology ETF that intends to hold a substantial portion of facebook to make it worthwhile, IMO.
You can make money if you trade it wisely but anybody who buys and holds are giving their money away
you can't day trade it for 30 days because it's not eligible for margin until 30 days after the IPO. No short selling either.
Going to be real interesting to see what insititutions end up with big allocations.
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