Stock Market Today: June 13th - 17th

Discussion in 'Stock Market Today' started by Stockaholic, Jun 10, 2016.

  1. Ken34

    Ken34 2017 Stock Picking Contest Winner

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    Citron is shorting FB lol.
     
  2. StockJock-e

    StockJock-e Brew Master
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    Good morning traders!
     
  3. StockJock-e

    StockJock-e Brew Master
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    What?

    That is a big fish he is trying to fry.

    Remember the days he just did penny stocks?
     
  4. StockJock-e

    StockJock-e Brew Master
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    @T0rm3nted , whats your take on the action today so far?
     
  5. StockJock-e

    StockJock-e Brew Master
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    @OldFart is probably recovering from the weekend moonshine binge
     
  6. StockJock-e

    StockJock-e Brew Master
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    Why the Microsoft/LinkedIn marriage? It's all about enterprise

    Why is Microsoft buying LinkedIn? As is often the case with the company from Redmond, Washington, it's all about the enterprise.

    The rapidly evolving company wants to be the biggest provider of professional software services, to both enterprise customers and individuals.

    The $26.2 billion all-cash deal announced Monday shows that Microsoft aims to compete head to head with the likes of Salesforce.com when it comes to enterprise services. (Salesforce's stock fell slightly on the news.)

    "Think about taking that and connecting with a professional network and having the entirety of your professional life be enhanced and empowered, where you are acquiring new skills in your current job and finding a greater bigger next job," said Microsoft CEO Satya Nadella, in a video press release.
     
  7. T0rm3nted

    T0rm3nted Moderator
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    Wow, that's quite the acquisition! LNKD up over 46%
     
  8. T0rm3nted

    T0rm3nted Moderator
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    Any interesting news from E3 yet today? Just getting home from a few errands this morning.
     
  9. T0rm3nted

    T0rm3nted Moderator
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  10. StockJock-e

    StockJock-e Brew Master
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    Havent watched today, but everybody is getting excited about BF1!

    Also Mass Effect!

    Gaming is growing fast, its going to be bigger than TV and cinema soon!
     
  11. Stockaholic

    Stockaholic Content Manager

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    markets holding up well despite all of the negative & depressing news out there ... not even the worst massacre in u.s. history can impact this market ... not that i'm surprised or anything ... and not like the market is or ever was trading rationally lol

    at some point though this fed induced market will have to give imo ... but when that is, is truly anyone's guess at this point ... but i gotta believe we're in the very late innings (dare i say extra innings? lol) of this fed driven bull($hit) market ... unless we're gonna pull off another 90s raging bull market ... and have this run for another 7 years lmao ... that wouldn't surprise me either

    anyway i'm just a measly observer of markets for now though ...
     
  12. T0rm3nted

    T0rm3nted Moderator
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    Not really seeing much that looks too good from E3 from Microsoft other than GoW4.
     
  13. StockJock-e

    StockJock-e Brew Master
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    A 4k xbox is making the console peasants excited...
    but that just means that PC master race pushes to 8k :p
     
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  14. StockJock-e

    StockJock-e Brew Master
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    You know what, that is a good thing.

    If the markets sold off on that, then it would be encouragement for more of the same as a way to derail the markets.

    Its a good thing that stock markets are detached from this kind of action.
     
  15. StockJock-e

    StockJock-e Brew Master
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    Ah, here it is

    Citron's Andrew Left is shorting Facebook


    [​IMG]
    Michael Newberg | CNBC
    Andrew Left, Citron Research
    Citron's Andrew Left, who gained notoriety for successful bets against companies like Valeant Pharmaceuticals, said he is short shares of Facebook.

    "Facebook is losing an extensive amount of relevancy," Left said in a phone interview Monday morning. "I am short Facebook."

    Left's bet comes the morning Microsoft said it was buying LinkedIn for $26.2 billion in cash. He is no stranger to investing around the social network space as he told CNBC back in February that he was long LinkedIn . The investor confirmedhe still holds the stock.
     
  16. StockJock-e

    StockJock-e Brew Master
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    Hm, Im not sure about the losing relevancy part.

    FB is a staple of millions of peoples every day routine.

    Im a terrible example because I rarely go on it, but I bet most people can't start their day without going through their notifications and messages.

    FB is also expanding out into other areas like VR, but I do think they there is room for the price to correct lower here.
     
  17. brucekeller

    brucekeller Member

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    They own Oculus Rift, Snapchat, and Instagram. I think they got it covered for a few fronts.
     
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  18. MaximusAnalysis

    MaximusAnalysis Active Member

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    Today's Market Thoughts



    Names included in video

    AAPL
    LNKD
    PCLN
    TSLA
    MGT
    HMNY
     
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  19. StockJock-e

    StockJock-e Brew Master
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    Great recap, that AAPL better start finding support or longs will be getting worried soon!
     
  20. StockJock-e

    StockJock-e Brew Master
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    Yeah, but $320B worth of fronts was the question, it greatly depends on their ability to keep up this growth!
     

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