Thursday, January 11, 2007

The Good and the Bad

Google at $500 and above in after hours. The stock getting fueled not only by the tech rally but also by Goldman's bullish comments. Also the Swedish holdings having a good rebound, up between 5 to 10% across the line.

Apple is really taking off on the iPhone news. The time to buy was clearly before Macworld which also was considered at the time, but the question is as always what is price in and not and the probability of this or that happen. A priori not a given trade to make. The valuation seems rich, the strategy should be to let the stock come in. Especially since there is quite a bit of time before the release. Apple TV is somewhat overlooked by the media, the only disappointment there is the lack of Google integration.

Goldman Sachs has left the $200 level where it has been at for some time. This is a name to keep an eye on in a market sell-off.

The bad is the energy sell-off where I put in a sell order as the market was up about 10 seconds too late, just to see the future down some $2 in short time. I haven't been following the open interest, but have heard there has been an increase which suggest speculative shorts at play.

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