Facebook.

My thoughts don't matter about Facebook and the coming IPO. Wow have I been questioned to death about this deal. So here goes. It's changed the world. That said you may see $75 to $100 of the next 3 years. Facebook is a platform and they rule the world in social but the main issue is that Tech changes and it changes like mad and with speed. Buy it, own it and hold on because its not going away. Remember AOL oh you don't, Well you should.

Enjoy the ride.

Todd

After hours Trading on Groupon

11.73 

+1.84 (18.54%)

After Hours: 13.84 +2.11 (17.94%)

May 14, 7:59PM EDT  

Well are we lucky or what???

Well last night I told everyone I would cover the Groupon short and today Groupon rocketed higher and is now above $13.50 a share. This leads me to me point my old manager told me once. "Even a blind robin gets a worm once and a while". I will let you know when I have another short or long. In the mean time stay well.

Todd

 http://www.reuters.com/article/2012/05/14/us-groupon-idUSBRE84D16H20120514?feedType=RSS&feedName=topNews&rpc=71

Groupon trade worked.

Well Groupon has reached the level in which the risk of being short is pointless. I think below $10 is a fine place to cover your short. I still would avoid owning this company until they get a few quarters of normal reporting under their belt. This trade work out very nicely. I will update you the next time we get a pitch right down the middle. You must wait for the right pitch, on wall street you never have to swing until your ready. 

Todd 

Groupon, Inc. (GRPN)

I have seen this over and over again, when there are accounting issues you should sell. I see Groupon much lower, $8 bucks is very likely in the short run. On wall street we call it the cockroach theory, if you see one the are hundreds more you can't see. The business is a cool idea and has changed they do things in retail but the street is full of companies that have blown up over accounting issue. I know this first hand. I would run.

This is just my opinion.

The stock was $20 now its $16  and getting killed. 




Todd

Mead

I like Meade Instruments Corp. (MEAD). 


The company is debt free and has finally got it's business under control. $3.70 a share is a good price and the small float sets the stage for a nice run to $6.50. 
Do you own homework before buying. The company is on the NASDAQ. 


This is not a solicitation to buy or sell. 


Please see link below


http://seekingalpha.com/article/313610-does-meade-deserve-its-valuation-value-investors-consider-the-upside?source=yahoo

Thanks

Todd

'If it's in writing it must be true. Right?

At no time in the past more then right now are the words we write written in ink. There is a line in The Social Network that goes "the Internet is written in pen not pencil". While I agree there is little truth in everything, its the details that matter. I personal have my life to show as an example. Over a 22 year career I have had a 2 year period where everything lined up to become a mess. Oh course the choices that follow the mess where the biggest mistakes. Here is one lesson of many to be shared by me. By the way if you don't care stop reading. I could care less if you think I know what I am doing, I have more then enough war stories to know when I am right.

Once a company starts fail you likely cannot fix it. Wall Street is full if turn around stories you say. I would agree but they ones that fail don't get the press. Apple was on the verge of bankruptcy and would have gone there if it was not for Steve Jobs. We all know this story but what the lesson is here is that a tech turn around are rare and hardly ever happen. I ran a small Tech company building a trading platform and when things went south my over sized ego thought I could fix it. I was advise by smart people to enter bankruptcy with the company. I knew better and did not. I did not want to admit I hired the wrong people and trusted them. I wanted to fix it and made choices that made matters worse. In the end I was blamed for everything, sued by my partners that help cause the problem and my employee left me once the money ran out. I failed to make choices that were business decisions. Let your ego go. Live to fight another day. Not all businesses can be saved.

So the lesson here is when you have a business that's failing maybe it should fail. Now whats in writing is all that words blaming me and attacking me. Saying what the want in ink not pencil.

Todd