Investing and Trading
Let's compare the results of two companies that we like, that we owned until yesterday, and that released earnings yesterday.
GRP released strong results: earnings doubled and they are on target to double again.
AKAM released strong results: earnings doubled and they are on target to grow more this year.
However the market treated the results differently: GRP sagged whereas AKAM surged. We were stopped out of both, so we took a loss on GRP and we did not get the surge in AKAM.
Both results were consistent with our expectations. Everything I have been saying about the didgital wave has been vindicated by the Cisco and Akamai earnings releases this week.
From the investing side of things, LIVEROCKET continues to pick companies that have strong and growing businesses.
From the trading side of things, we got stung. As I said yesterday before AKAM's release, the market has not rewarded outstanding results, and AKAM could have dropped. Instead it has surged. The vagaries of the market.
We made money on AKAM, and I still like them. There will be bad days ahead - there always are. We will wait for buying opportunities and jump back in. We may not revisit the level that we got out at, but I think AKAM could double this year, and I want a piece of that action, even if I don't get all of it.
Now, that being said. We have the Marvell (MRVL) results on the way. Looking at the sentiment for Cisco and Akamai, I wonder if savvy buyers are seeing what I am seeing. In other words - Marvell could be a big win and get rewarded accordingly.
Stay tuned.
GRP released strong results: earnings doubled and they are on target to double again.
AKAM released strong results: earnings doubled and they are on target to grow more this year.
However the market treated the results differently: GRP sagged whereas AKAM surged. We were stopped out of both, so we took a loss on GRP and we did not get the surge in AKAM.
Both results were consistent with our expectations. Everything I have been saying about the didgital wave has been vindicated by the Cisco and Akamai earnings releases this week.
From the investing side of things, LIVEROCKET continues to pick companies that have strong and growing businesses.
From the trading side of things, we got stung. As I said yesterday before AKAM's release, the market has not rewarded outstanding results, and AKAM could have dropped. Instead it has surged. The vagaries of the market.
We made money on AKAM, and I still like them. There will be bad days ahead - there always are. We will wait for buying opportunities and jump back in. We may not revisit the level that we got out at, but I think AKAM could double this year, and I want a piece of that action, even if I don't get all of it.
Now, that being said. We have the Marvell (MRVL) results on the way. Looking at the sentiment for Cisco and Akamai, I wonder if savvy buyers are seeing what I am seeing. In other words - Marvell could be a big win and get rewarded accordingly.
Stay tuned.
posted by Andrew at
7:31 AM
3 Comments:
The Cisco results and their bullish view probably changed the market tone. Now investors like what they are seeing hearing. I guess if MRVL results are positive then more buying may follow - provided the market tone doesn't change by then. Nowadays invetsors are so fickle minded that it's difficult to predict. The bullish sentiment may change in matter of hours.
What do you think of BCSI? It kind of crashed this week. I was wondering if it is a good time to get in.
yield curve is inverted and have a feeling that people are killing High PE companies..
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