The Top: Google buys Nest Labs

drownpruf said:
High probability of a short-term bounce on ES in the overnight/tomorrow's session.

Buying:

67.25 ES

PCLN 1136.18

AAPL 503.88, limit buys on all.
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"For the want of an eighth the kingdom was lost"

Sucks to miss PCLN on the quant-buy (25 higher on the gap). ES was never close (4 pts off my long entry) and now up 9. AAPL filled, but not a good trade even in light of the $5/share gain.
 
drownpruf said:
"For the want of an eighth the kingdom was lost"

Sucks to miss PCLN on the quant-buy (25 higher on the gap). ES was never close (4 pts off my long entry) and now up 9. AAPL filled, but not a good trade even in light of the $5/share gain.
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good call though aapl was a nice move up this morning.:)
 
kinggyppo said:
good call though aapl was a nice move up this morning.:)
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That was a quant on reaching a big figure, but it was very hard to buy in light of a >5MM unit miss on the iPhone and fraudulent reporting of sales out of China Mobile.
 
drownpruf said:
That was a quant on reaching a big figure, but it was very hard to buy in light of a >5MM unit miss on the iPhone and fraudulent reporting of sales out of China Mobile.
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I personally find aapl very hard to trade around earnings, know what you don't know. I think it grinds slowly higher from here. I will leave the growth debate to the pundints..:)
 
drownpruf said:
http://www.mercurynews.com/business/ci_24916785/how-google-is-moving-into-home-nest-labs

No doubt in my mind that we're within 5% of a cyclical top in the equity markets. GOOG buying a maker of thermostats for $3.2B in cash. Nest Labs at $15MM in revenue. 6% of GOOG's cash position.

Nest had some copy (since removed) on their site stating that it will show you how to save energy by turning down your thermostat. Rly?

GOOG 1151.51 last
SPX 1841.82 cash

We will be materially lower in a year.
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GOOG 1158
SPX 1758

SPX down 84 since the call. fu.
 
drownpruf said:
http://www.mercurynews.com/business/ci_24916785/how-google-is-moving-into-home-nest-labs

No doubt in my mind that we're within 5% of a cyclical top in the equity markets. GOOG buying a maker of thermostats for $3.2B in cash. Nest Labs at $15MM in revenue. 6% of GOOG's cash position.

Nest had some copy (since removed) on their site stating that it will show you how to save energy by turning down your thermostat. Rly?

GOOG 1151.51 last
SPX 1841.82 cash

We will be materially lower in a year.
More...

SPX >100 lower.
 
Made 2x debit on the GOOG position when it hit 1095 and now again profitable on the 2015 positions at GOOG 1150 mark.

Gained >3x debit on SPX vola.

SPX 1750
GOOG 1138
 
drownpruf said:
January 17th, 2014

GOOG 1151.51 last
SPX 1841.82 cash

We will be materially lower in a year.
More...

I don't think it has been mentioned what the threshold for the correction will be. Can we use -10% or greater any time before January 17th, 2015?


  • GOOG $1,036.00
  • SPX 1,657.00
 
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