The Internet is Dead
As you know by now, all the important people, like Dennis Kneale, sold out of all their internet stocks, for low-grade bank plays.
Aside from that, I’m not sure what the fuck is going on, but [[BIDU]], [[YHOO]], [[GOOG]], [[AMZN]], [[EBAY]], [[CTRP]], [[NILE]], [[OMTR]], [[VCLK]], [[OSTK]] and [[MNST]] are getting their fucking heads blown off.
Using that logic, one could make a strong argument that [[PCLN]] needs to get its head shot off too. After all, that stock is like 75 points over valued.
“The Fly” spits on PCLN from 100 yards.
Today, after the bell, the cow fuckers from YHOO will post their quarterly disappointment. I have personal experience dealing with YHOO; and they suck.
What’s odd to me is the current bullish sentiment in the market has decoupled itself from the net plays. Perhaps advertising rates are dropping off a cliff, as the writers strike continues and the mortgage market implodes?
Nevertheless, the sector is telling us something.
Are you listening, fuckface?
Amazon is a fucking joke, slowest website I’ve seen
January 29th, 2008 at 12:05 pmPosted PCLN as a short on Sunday night. Check out the post for the setup.
Now, back to work for me. Over and out.
January 29th, 2008 at 12:06 pmBut GOOG is freaking on it. They run a great company, innovate like mad, etc. GOOG is the best of the bunch, and the PE is not crazy. I think YHOO could be halved tomorrow. OK, maybe 2/3ed.
January 29th, 2008 at 12:07 pmon second thought goog pe is rich…down with the net!
January 29th, 2008 at 12:08 pmPick up some MELI, thank me later. Latin American internet is alive.
January 29th, 2008 at 12:13 pmas a striking writer… i am not allowed to respond. but fuck, this is the internet so i can keep my anonymity.
however, fly… you are correct. ad rates are dropping fast. look for media outlets to get nailed in the upcoming quarters. the only positive is that it’s an election year… so they’ll make some of it up in campaign ad sales.
January 29th, 2008 at 12:33 pmAMZN is the greatest short play ever. Just wait till Old man Miller unloads. Look at all the stocks that have had crazy run ups the last 12 months - SPWR CROX BIDU FSLR AAPL RIMM STP VMW. Look how they’ve been beaten up as of late. On average these stocks are off over 40%. AMZN is only off around 25% with a forward PE of 44. Short it.
January 29th, 2008 at 12:41 pmi 2nd what phatfriday says re media stocks. i’m an analyst at a fund and cover media. it will mostly be local tv that benefits from the political year, the rest will get rocked this yr, however, most media plays have already been pounded.
January 29th, 2008 at 12:45 pmIf advertising is really down GOOG may miss and get the homo hammer beat down.
January 29th, 2008 at 12:50 pmfyi: advertisers are pulling out of many of their big buys on striking shows. it’s a disaster for the big networks. they are giving ad money back. it’ll really start to show up in the second quarter earnings.
January 29th, 2008 at 12:51 pmNo shortage of “placements” here.
January 29th, 2008 at 12:53 pmHaving sold products to Amazon.com they were stellar to deal with…valuation is arbitrary at the best of times…I think they are going the right direction, but in this market it doesn’t matter as much.
January 29th, 2008 at 12:53 pmMElI makes me laugh
Cramer made that stock went from mid 40s to mid 70s and now is back to 40s.Somebody is playing with that stock the same way last year the played with TS.
January 29th, 2008 at 12:56 pmCiti printing a singe morning star doji with a side of mashed potatoes
SKF+
January 29th, 2008 at 12:59 pm“YHOO will post their quarterly disappointment”
One of the best lines this year!
January 29th, 2008 at 1:01 pmI told you to short Bidu since I started posting here. This is just a sideshow - the naz is still up.
January 29th, 2008 at 1:02 pmI am going to short 2 shares of goog and when it goes to zero thursday i will use the proceeds to buy a new laptop
January 29th, 2008 at 1:07 pmTime to short the cubes again, Children. $44.50.
January 29th, 2008 at 1:10 pmI’m sitting on my hands while Hank and Ben are blowing each other in the back of a Chinese Cherry car. Shorts covered - fuck you very much.. There is nothing that is going to stop the stockfucks from running the indexes up next hour.
January 29th, 2008 at 1:19 pmCubes are headed to $48. QLD looking good.
January 29th, 2008 at 1:27 pmSkiffles can ya hear me?
Oh Skiffles come a near me!
You’re the only girl for meeeee
You’re the only one I seeeee….
January 29th, 2008 at 1:28 pmCubes are headed to $48. QLD looking good.
Sigh.
I don’t take well to disobedience children…
January 29th, 2008 at 1:29 pmChildren, let me allow you a secret of your demigod…
Whenever the hunt’s not going well, or my favorite nymph is out sporting with the fauns, I teleport over to Yahoo! Finance and peruse the headlines.
Invariably, they bring me cheer, like this one did:
Wall Street was mostly higher Tuesday as the Federal Reserve opened a two-day meeting expected to bring another interest rate cut to revitalize the U.S. economy.
Oh children! The hubris!
January 29th, 2008 at 1:33 pmtape ran dry, fuck the triple digits
update.. i;m gonna get out long srs, that’s it, except for some micro mini mighty mites
update 2.. witness the MMA blowup today.. good fucking luck srs
update 3 .. cleared the srs .. small uptick..fuck you very much
January 29th, 2008 at 1:42 pmI strapped on my war gear for tomorrow.
30% short (homebuilders, retail, tech)
24% long (gold, gold miners)
I’m ready for you Ben. Either way, you’re fucked. I mean, we’re fucked.
Note. If you forced me to praise Fly, then I would bet that Ben does not cut current rates.
January 29th, 2008 at 1:48 pmWatch the tape on the close. Near term double top breakout on the Dow if we close above 12,481. It will be a close…puusshh!
Fist fight between bulls and bears right to the close!
UPDATE: Wow. Closed right at 12,480!
January 29th, 2008 at 1:56 pmNo dice, my canine.
The lad asking for his own death at the hand of another makes wise choices.
If my Bearded and truculent servant is foolish enough to cut rates (at my bidding), then his lustrous metal purchases will be feted with fine grappas and his table adorned by choice game birds and sweet meats.
If on the other hand, my bearded servant Ben holds rates fast (again, at my bidding), then his selling of shares aforethought will fatten his purse like a winter calf.
January 29th, 2008 at 2:03 pmYou don’t mind, do you my son, if I refer to you after my own favorite “Alpha Dog” ….
Cerebrus?
January 29th, 2008 at 2:05 pmKnock it off, Jake…er, I mean Shorticus, lover of grapes and all things gay.
The market could go either way tomorrow.
Fist fight may continue into extra rounds.
January 29th, 2008 at 2:06 pmRate cut tomorrow.
50 bps.
The Oracle of the Fed Fund Futures never lies !
January 29th, 2008 at 2:09 pm[...] Time Machine NOTE: The Internet is Dead. [...]
January 31st, 2008 at 2:21 pm