Good news: CPI (XMSR)
I was too tired to update last night.
The new drugs in my chemo session is taking a toll on me. But do not worry, I am stronger than most realize. A little rest should do me good. So this will be quick. It is now 8:55am on Wdenesday before market open.
The stock market will jump up again like yesterday. It jumped yesterday due to favorable PPI numbers. Today it will jump because of favorable CPI numbers. The core CPI was+0.2% in June which means we have tame inflation, which in turn means that Mr. Bernanke might not have to raise rates again, which is good for stocks. Stocks hate higher interest rates because it is a major competitor for stocks.
IGLD came out with excellent record earnings and revenue numbers.
Investors were not too excited about this it seems but I wouldn't worry. One thing is that IGLD mentioned in its 10Q. that the war will probably have some negative impact on its revenue numbers for the third quarter ending September. I am going to keep close eye on this. If it bahaves funny, we will be out quick. I will let you know.
XMSR came out with the news that GM wil cut price of XM Radio option by 39%. This is good news. GM only sells XM. I am slowly getting into XMSR starting this morning. I will buy more when it goes up above$12 or below $10.60. Start fishing now.
As per my last note, QQQQ went above $37.70 which means short term bullish bias. I will be trading QQQQ by buying and selling QLD. I won't be able to update these moves for you since it will be a quick fire moves. But I will try to give you as much info. on it as I can. We bought QLD yesterday afternoon at $67.45 - expect to get out at $69.95 in a day or two.
See you again tonight.
The new drugs in my chemo session is taking a toll on me. But do not worry, I am stronger than most realize. A little rest should do me good. So this will be quick. It is now 8:55am on Wdenesday before market open.
The stock market will jump up again like yesterday. It jumped yesterday due to favorable PPI numbers. Today it will jump because of favorable CPI numbers. The core CPI was+0.2% in June which means we have tame inflation, which in turn means that Mr. Bernanke might not have to raise rates again, which is good for stocks. Stocks hate higher interest rates because it is a major competitor for stocks.
IGLD came out with excellent record earnings and revenue numbers.
Investors were not too excited about this it seems but I wouldn't worry. One thing is that IGLD mentioned in its 10Q. that the war will probably have some negative impact on its revenue numbers for the third quarter ending September. I am going to keep close eye on this. If it bahaves funny, we will be out quick. I will let you know.
XMSR came out with the news that GM wil cut price of XM Radio option by 39%. This is good news. GM only sells XM. I am slowly getting into XMSR starting this morning. I will buy more when it goes up above$12 or below $10.60. Start fishing now.
As per my last note, QQQQ went above $37.70 which means short term bullish bias. I will be trading QQQQ by buying and selling QLD. I won't be able to update these moves for you since it will be a quick fire moves. But I will try to give you as much info. on it as I can. We bought QLD yesterday afternoon at $67.45 - expect to get out at $69.95 in a day or two.
See you again tonight.
posted by Jaewoo | 9:00 AM
1 Comments:
XMSR somehow reminds me of NFLX (NetFlix) 18 months ago.
Simple business model, only a few competitors, few factors to project future earnings (to me, key is fixed cost per customer, market share, and product trend)
I made a wrong call 18 months ago after a 2-hour mathmatics exercise, concluded that Netflix was overvalued at $12. Looking back, my projection was simply too pessimistic.
I had a similar feeling towards XMSR, (wish I was wrong again)
What attracts you in XMSR?
Siyu
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