Last week, my teenaged son asked me a sincere question: “How come Marissa Mayer got $200 million by screwing up Yahoo?”
It was a good question, and one I had trouble answering at first, because I’d like him to think that there’s some level of fairness, meritocracy, and sensibility to this world of ours. In Mayer’s case, however, there is none. Her entire massive fortune is due to being in the right place, at the right time, on multiple occasions. She is no more clever or shrewd than someone who won the mega-jackpot lottery. (more…)
A week from today, SNAP issues their first earnings (umm, well, that’s probably not the right term – – let’s call it “financial results”) for the quarter. Here’s an interesting guide to it: (more…)
Back on February 7th, I touted going bearish on energy stocks. Since ERY is up nearly 30% since then, it wasn’t at all a bad idea. Oil has been a delight, falling almost every single day for the past half-month, but I’m leering at it now, wanting it to shatter this damned support around $47.50 and really get things rocking……..
I was short TV, which is a beautiful chart.
The subject kind of says it all……….it’s been quite a ride down, but for this stock, it’s probably done for the moment.