Archive for March, 2008

Tech Two?

March 15 2008 | 12:45 pm PDT

TraderDaily.com

Tech Two?

Nearly a decade after the turn-of-the-millennium technology-stock meltdown, that familiar exuberance is in the air.

by Mike Martin

THEN		NOW
10 Vital Plays
CMGI, ICGE, VERT, AKAM, BCOM, LU, JDSU, QCOM, SEBL, WCOM		AAPL, RIMM, BIDU, GOOG, VMW, GRMN, FSLR, GME, GS, ICE
Swollen Stock
QCOM $650		GOOG $680
Plaything Perils
eToys crashes like Santa on a balsa sleigh, filing for bankruptcy after Street analysts reveal dismal 2000 holiday-season orders		Mattel shares sink nearly 25 percent after authorities reveal children are likely better off eating paint chips for breakfast than playing with Chinese-made gewgaws
Seer Status
Oracle (of Redwood City) at $50; Oracle (of Omaha) at $50,000		Oracle (of Redwood City) at $20; Oracle (of Omaha) at $140,000
Marvelous Gadgets of Wonder
iPod birthed; Steve Jobs’s vision of putting “1,000 songs in your pocket” blows minds		Even your granny’s toaster oven holds 20,000 songs, plays DVDs and uploads to YouTube videos of her swearing after burning dinner
Nightmare Scenarios
Purported Y2K debacle far less perilous than anyone envisioned		All-too-real CDO debacle far more perilous than anyone envisioned
Online brokerages
E-Trade advertises it has clients “with money coming out the wazoo”		E-Trade shareholders, whatever their stake in the brokerage, get spanked on the wazoo thanks to a series of ill-advised loans
Boorish Loudmouths
Broadcast.com’s Mark Cuban elegantly pirouettes around the market collapse by selling to Yahoo for stock; swiftly eliminates downside risk via elaborate hedge		Cuban clumsily (and sleevelessly) mambos with Kym Johnson on Dancing With the Stars; swiftly eliminated from competition

latest podcasts

Investing is hard. – Tadas Viskanta

Barron’s Striking Price columnist Steve Sears is out with a new book called The Indomitable Investor. The book is a rich discussion about how the market and its participants are oftentimes at odds with one another, and the latter usually paying a hefty tuition bill. Sears best quote from the book goes a long way [...]

I spoke with Jon Najarian about the markets today, as well as his upcoming education event in Newport Beach, CA in late March. What you can read below is a more in depth analysis of what we spoke about, plus it’s admittedly hard to envision the mechanics of option spreads, hence the pictures and graphs. [...]

Jared Dillian, author of Street Freak and publisher of the Daily Dirt Nap newsletter

“365 days a year, it’s Game 7.” — Joe Terranova