Markets and Investing Strategies plus other notes
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Markets and Investing Strategies
Stocks rallying today, tech leading. I’ve been in patience mode for the last few weeks but am likely to nibble on a couple down-trodden tech names at some point soon, including Twitter and Fitbit. Like others, I’d prefer to do it in a market sell-off at lower levels, but I might go ahead and do a 1/3 tranche or so.
Sitting tight with the best Revolution Investments in the world and a few shorts and some cash has been working very well for us this year and for the last few weeks, as so many others are scrambling. Speaking of which…
If you don’t think investing is hard – Legendary investors get demolished sometimes too. Four months ago: “Tiger Global Closes $2.5 Billion More: Dec 1, 2015 – November looks to be an auspicious month for power investor firm Tiger Global. The New York hedge fund raised $2.5 billion for new deals.” Fast forward 120 days to today: “CNBC 3m ago Tiger Global’s hedge fund dropped 22% in the first quarter; 2016 paper losses exceed $1B”
Nothing wrong with being patient and sitting tight sometimes. Don’t ever do a trade simply because you feel obligated to trade.
As for the markets, it’s tough to get very bearish and it’s tough to want to chase much here. This discussion thread on Scutify is a terrific markets discussion from @JeffMiller @seeking-alfalfa @RobertMarcin@crl59. From the recent feedback I’ve gotten from those I’ve heard from and talked to, I think lot of retail investors are heavy in cash and hoping for a pullback. I think there are a lot of money managers and hedge funds that are down on the year, many down double digits. Those two things are probably one of the key drivers for this stock market near-term and probably bullish, no? I too am a bit heavy in cash from sells/trims last year & ready for a pullback, btw.
On Twitter
Twitter’s user base has to grow again or the stock is dead money, regardless of how quickly it starts monetizing its existing user base. One thing most analysts miss about Twitter is that as a real-time media/celebrity news outlet, there’s the potential for other apps/sites like
Scutify’s quote pages to leverage Twitter feeds to create new value for the platform too. But for the next few quarters, the stock’s action will likely be all about user growth or lack thereof at Twitter.Question about the VR Revolution
In researching the Virtual Reality Revolution and trying to map out its likely future pathways, I’m trying to understand how developers and the platforms themselves are tied in. I had a great discussion about this today that you can see here, but my question, in essence, is:
If you’re a developer building an app or a game for Oculus Rift, are you building it for the Windows platform or the Oculus Rift platform itself? Will Oculus Rift games be portable to other operating systems in the future or are all Oculus Rift games essentially locked into the Windows platform for life?
If you know the answer, please post it by emailing me at support@tradingwithcody.com. Thanks in advance.
QOTD
How about we give @BrianGallo the quote of the day for this one: “Best time ever to be an entrepreneur/ bullish. Worst time ever to be miserable.”
