Bought calls on ESTC as a speculative play $80c 06/19. Splunk earnings today should be a good indicator leading up to earnings week. Already up a good 15% since opening positions, just wish I had bought a few more to day trade today.
I have been an FB hater forever, dumped my account long ago and haven’t looked back until now. I think the shopping angle is a game changer. BTW, I still think AMZN is a buy but wow, FB...
I was in India during Christmas 2018 and we were all just hanging out on the patio. I remember looking around and seeing everyone either on FB, Whatsapp or Instagram. That's when i realized that FB was a bigger beast than i realized. I bought some after Powell pivoted on rate hikes. It went from 150 to 175 and I went ahead and sold. But yeah this one is a global behemoth and probably a good buy and hold after the next pullback. A kinder, gentler FCC going forward could help as well.
FB was in my core holdings until 2017; after learning about its complicity in helping Cambridge Analytica to influence elections thru out the world---including the US--- i dumped it to buy MSFT, SBUX and BX. haven't look back since as well. the FB executives messed up w the IPO in ~~ 2011/2012, the IPO was priced ~~ the mid 30s; after the IPO mess, the stock price tanked for a few months. i took a flyer on it @ $28
December of 2018 is when I decided to just sell everything. I never even bothered with a stop order or buying puts to protect my position until that point. As you can see, that December, I had had enough to put a stop order in on a stock I thought I'd hold for a decade... and it blew through that... lol : https://www.theguardian.com/technol...2018-timeline-year-in-review-privacy-scandals BTW, I was reading this article about Facebook and all the times companies approached Zuckerberg trying to buy them. I remember the Microsoft attempt and thought they were nuts for turning it down, but what do I know. The article is from 2016, and some of the companies that tried to take them over are either long-gone or shells of themselves : https://www.inc.com/business-insider/11-companies-that-almost-acquired-facebook.html
Microsoft also turned down buying GOOGLE. these were all Steve Balmer decision. the FATSO had also suppressed S Nadella's work on the cloud had the current MSFT CEO, S. Nadella, been at the helm, he would have purchased both GOOGL and FB.
Well, Microsoft tried like crazy to buy Facebook. They offered $15 billion and later $20 billion -- they wanted that company badly, but Facebook just wasn't interested in selling to anybody. I also don't recall Microsoft trying to buy Google, but maybe I've just forgotten. I recall Alta Vista and Yahoo both turning down Page & Brin to sell Google for chump change, though. One of the biggest duds was when Microsoft offered to buy Yahoo for something like $50 billion and Yahoo said "no". lol.
This was announced earlier today : https://www.reuters.com/article/us-...-to-boost-its-valuation-sources-idUSKBN22X1HA Exclusive: Baidu considers leaving the Nasdaq to boost its valuation - sources Chinese search engine giant Baidu Inc (BIDU.O) is considering delisting from the U.S. Nasdaq and moving to an exchange closer to home to boost its valuation amid rising tension between the United States and China over investments, three sources said.
actually, SPLK's earnings call was today after market closing. after-hour trading for SPLK, ended up w a 5 pt jump in the stock price, 3.3%, to ~ 168 let's see the pin-ball action on CRM stock price, who btw reports next Thu, 28 May
This is one company I wouldn't dare touch, its core product isn't great and losing market share. If Google still operated in China they'd probably be in a lot of trouble.
The ESTC calls bought yesterday have nearly doubled in value. Think I'll sell some and play with house money on the rest. Always nice to take gains.
Sorry don't have much insight on them. Never used their gaming products. Shopee (online shopping platform) has gained traction here recently in a crowded field with very aggressive advertising (I even see ads for it in apartment's freaking elevator), and seems to be doing well regionally, but it's a competitive space and from a consumer perspective I don't see any special competitive advantage they have over other platforms like Lazada, Qoo10, ezbuy etc. I've used all of them without brand loyalty - just use whichever has the cheapest listing/best promo at the time. The only SG-based co I own is Netlink Trust (CJLU) for the distribution and tax purposes. They have a virtual monopoly on the residential fibre network, all of the ISPs have to use their network. Every time a consumer switches ISP, Netlink pockets a fee for flipping a switch.
Btw, have you guys heard any news/rumors on whether Stripe will ever IPO? Have there been cases in recent times of new-ish, big tech companies choosing not to list and just remain unlisted forever? I've been waiting for this one. I have some shares of their competitor Adyen and they are killing it atm. Stripe should be doing well too.
