Topstockblog

Blogging to add value. Sharing and discussing helpful websites, money, stocks, etc.

No one can predict the future. Sell GOOG, Buy CFC

Update, 6/15/08

CFC seems to be bottoming with the buy out of BAC.  I swear BAC was just ducking personal loans it made and eliminating a tough competitor.   I little more bullish on the pair as the real price with capital injections, buy outs, and frauds on the loose.  Inflation actually arrived as war appears in the cards with Iran.   I love Russia is my last comment)  Russia believes it is on the verge of major technology development in the nano-technology group.

 Still like a short position in GOOG with a major new business product out from MSFT offering cash to devloopers, programers, and the like who want to make money.  At Dynamic Microsoft.

 

GOOG and BIDU are up nicely in after hours on Microsoft’s 30% growth in revenue.  I call it the Halo effect.  http://www.reuters.com/article/marketsNews/idUKWNAS774320080124?rpc=44   (updated 2/5/08  Neutral on GOOG under $500)

  I short sold GOOG and then added to my position after listening to a guy on CNBC about declining searches and users not clicking ads.   Not proud of that (Going to trade with the t.v off tomorrow, too easy to be manipulated)    Still want to be short going into earnings.    A lot of competition rising.  http://biz.yahoo.com/cnbc/080125/22841725.html?.v=1  Wiclapedia is launching a search engine.  BIDU is taking 80% of search es in China and just announced its launch in the Japanese market.  Declining revenue per transaction around the world is not supportive of GOOG.    Looks like a good pop to short.  Not taking anything away from GOOG; but,  the stock may be over valued.   Bull market is making a case going forward with hope. 

I am long CFC   The corporation is a leader in the mortgage refinancing market and should rake in big profits with the increases in loan sizes to 125% of median home value in a community proposed by congress. BAC may a share price offer at $7.50 I believe.   Stock should be pretty steady; but, could pop higher when application numbers increase.  

entertainment purposes only

January 24, 2008 - Posted by | Uncategorized | , , , , , , , , , , , ,

1 Comment »

  1. Your blog is interesting!

    Keep up the good work!

    Comment by AlexM | August 16, 2008 | Reply


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: