The Top: Google buys Nest Labs

[drownpruf]

GOOG 1062 split adjusted. Wheeeeeeeeeeeeeee. I was still short quite a bit, covered. Went long 531.09 avg (1062.18).

Out 552 and change. 552.17 last. 20x risk.

 

[PoundTheRock]

How are they going to "infiltrate" my dishwasher, numbnuts? I don't need my TV or microwave turned on when I'm away, and I already have my lights monitored from my android, thanks. Maybe your wife will buy the NEST dildo and they can stream you two some pron when you're going at it.

They could do better with <$100MM vertical investment. $3.2B and no barrier to entry and $15MM in revs. The engineering team (what, 6 guys who worked on the iPod?) were basically run out of Apple. Apple didn't bid because it would've been full-retard.

Please tell me how they will "take over" the monitoring space? By buying a small player in the space?

I agree with you. The "Internet of Things" does not make sense to me. It's not like when you see the Mosaic browser in 1994 and say holy shit, this is going to take over the world. Or that same feeling you had when you first saw an iPhone and knew that mobile was going to take off. Until someone can define what the compelling apps are, I think it's all bullshit. Google hires extremely smart people, but that doesn't mean that they do smart things, and when tech is hot, you see guys like Zuckerberg buying Oculus and other stupid shit. Remember all the 3D hype many years ago? Severely overrated.

 

[drownpruf]

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.

GOOG 1058.

 

[drownpruf]

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.

1014 last. I have and would recommend covering any shorts here.

 

[vinc]

now imagine yourself trying to win money FROM THIS GUY !
use trend lines, channels or no doji setups, whatever
how about if the market is actually run / most likely/ by guys like DP ??
anybody seen this movie - 'Amadeus' ??
seems like there is a lot of Salieries here

 

[zdreg]

I think people should be seriously concerned about Big Brother taking over bit by bit.
We have the spooks at NSA/CIA intruding into our lives as much as possible. The old joke of visitors visiting Russia in the cold war days, that if they needed anything they only had to whisper into the hot water bottle, is now becoming true in the USA.

The Google specs may seem a harmless bit of fun but on the dark side, they are also intruding.

Goldman Sachs is the vampire squid of the financial world.

Yes I fear a spooks/military take-over in the USA is not that far away as China etc. power ahead of an inefficient democracy. How long has it taken so far to produce a budget even ? The UK uses 1 yes 1 afternoon to pass a budget, not years as in the US.
About time the USA had a major shake-up or throw in the towel.

For all the trillions spent over the last decade for instance in foreign affairs - how many hearts and minds joined the US side ? Didn't the clot Bush ask the question - " If you are not for us, then you are against us " ? while bombing various countries.

while the uk is not exactly a failed state neither is it a poster child for a successful country. successful countries, in spite of problems, are Singapore, Germany, Israel. Germany, however, may be near its own end if it continues to bail out the weaker sisters of the EU.