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Joseph Poma

 
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  • Ambarella: Channel Checks Point To Earnings Miss, Significant Downside [View article]
    Yeah, now I'm not sure if this author is a current short or a future long of the stock... possibly both? The fact that the article was timed right when AMBA entered its quiet period makes me really suspicious....
    Aug 26 02:53 PM | 1 Like Like |Link to Comment
  • Ambarella: Channel Checks Point To Earnings Miss, Significant Downside [View article]
    All these people short the stock have seen the run up in price and as soon as a few early on investors take profits and the stock drops, they're piling on. Looking at the bigger picture though, this company is experiencing significant growth and is much more diversified than this contributor describes.
    Aug 26 10:26 AM | 3 Likes Like |Link to Comment
  • Microsoft pares gains as Street mulls post-Ballmer era [View news story]
    How much more will he be worth if he comes out and leaves the company tomorrow?
    Aug 23 02:11 PM | Likes Like |Link to Comment
  • After-hours top Gainers / Losers [View news story]
    HAHAHA

    STXS up WAYYYY more than 6% try like 75%
    Aug 2 10:48 PM | Likes Like |Link to Comment
  • Ackman to file SEC complaint following news of Soros Herbalife stake: NY Post [View news story]
    Ackman is toast. Good company or not, he has tainted his hedgefund by displaying his inability to keep his business life and personal feelings separate. Any reasonable investor would have cut some losses after the first earnings beat, no less the second earnings beat. The fact that he insists that he hasn't bought back a single share speaks volumes about his motives. Despite his past track record, it won't be long before his investors begin to realize that he is willing to risk THEIR money in his failed attempts to hurt Icahn for HIS personal benefit. First of the month...possibility for redemptions?
    Aug 2 10:43 PM | 2 Likes Like |Link to Comment
  • Apple Is Not Worth $460 [View article]
    HAHAHAH! The Z10?!?! That is a great joke!

    ... oh wait... you were serious?
    Aug 2 08:54 PM | Likes Like |Link to Comment
  • Pandora (P) is upped to Buy with $24 price target at Morgan Stanley, the team calling the company "The Netflix of Radio," and "the best pureplay exposure to the secular shift of radio dollars to online channels." Pandora trails only Facebook and Google in monthly consumer usage, notes Morgan. Shares +4.9% premarket. [View news story]
    Not for nothing but everyone is treating Apple like a tech company because of how it has generated its revenue and its name sake. You have to recognize though that Apple is also in the media business. Look at the billions in revenue that iTunes does. In the beginning the transition will be slow, but once people recognize the power of iTunes Radio, you'll likely see users converting in masses.

    Sure critics say that users have taken the time to build and refine their stations, however I don't think that is going to be a sticking point if the service is of similar quality. Anyway, creating new playlists with iTunes radio would not be difficult if Apple makes it so that you can choose stations based on your iTunes library.

    Not to mention the fact that iTunes I'm sure will link their store with the radio which will push revenues even further. Long rune winner is clearly Apple, Pandora investors will pretend like everything is good for a while. Maybe the stock will hit the low, maybe even mid 20's. When that happens, put options and covered calls (if you dare to actually own the stock and not take profits).
    Jul 1 04:28 PM | Likes Like |Link to Comment
  • Detroit has become the most populous city to default since Cleveland in 1978 after it missed a $39.7M debt payment on Friday. Overall, Detroit intends to suspend payments on $2B of unsecured debt as part of the plan of Emergency Manager Kevin Orr to turn around the city's horrific finances. Other measures include demanding that unsecured creditors accept a haircut of over 90%, and cutting pensions for active and retired workers. [View news story]
    Why so impossible? There were districts that voted 100% democrat in Philly?
    Jun 16 04:17 PM | Likes Like |Link to Comment
  • Apple (AAPL +0.2%) roundup: 1) Bloomberg reports the iAd team is engaging major brands to buy ads for iRadio ahead of a planned launch next week at WWDC; ad revenue will be shared with studios. 2) Fairly reliable KGI Securities predicts an updated 13" retina MacBook Pro will be launched at WWDC; it's said to be thinner than the current model, and to sport an improved camera. SKU leaks also point to at least one MacBook refresh. 3) Global Equities claims iOS 7 will support "bend" and "squeeze" gestures," but is short on details. 4) Worried about margins and competition, top shareholder Fidelity Contrafund cut its stake in Apple by another 9% in April, after cutting it by 12% in Q1. [View news story]
    Being up 14% in a year when the S&P is already up 15% is a little something I like to call "Under Performing The Market".
    Jun 4 08:33 AM | 2 Likes Like |Link to Comment
  • "Apple's (AAPL) sorta cheap," says Jeff Gundlach, admitting he's now long the stock he famously shorted 100-200 points ago. He doesn't seem terribly excited about the company's business prospects, but - selling for 7x earnings (excluding cash) - a hot new product isn't necessary to make the investment profitable. "(Apple) can keep selling a whole bunch of expensive new phones and iPads, and they'll be a cash cow." [View news story]
    Uh...What are you talking about?
    May 24 12:25 PM | 2 Likes Like |Link to Comment
  • Japanese stocks move higher today after the U.S. dollar rose over the 100-yen level for the first time in four years. The Nikkei Average rose 2.5% to 14,546, with exporters leading once again: Mazda (MZDAY.PK +0.5%), Nissan (NSANY.PK +2% ), Fanuc (FANUY.PK +2.8%), Panasonic (PC +3.3%), Komatsu KMTUY.PK]] +6.5%), Trend Micro (TMICY.PK +3%), Sony (SNE +3.9%) and Suzuki (SZKMY.PK +4.3%). [View news story]
    Japanese are pumping money into the system twice as fast as the Fed. Nikkei going much higher...
    May 9 11:02 PM | Likes Like |Link to Comment
  • Microsoft (MSFT) adds ZTE (ZTCOY.PK) to its stable of Android licensees a week after having struck a deal with Foxconn. In a blog post, exec Horacio Gutierrez boasts "80 percent of Android smartphones sold in the U.S. and a majority of those sold worldwide are covered under agreements with Microsoft." Though Microsoft keeps terms confidential, the reported royalty rates and Android's staggering growth suggest Android licensing might now be a $1B+/year business, and a key reason why the E&D unit grew 33% Y/Y last quarter in spite of Xbox weakness. Android is almost certainly a more profitable OS for Microsoft right now than Windows Phone. [View news story]
    Expect HUGE numbers when this company releases the XBox 720. The XBox brand has many loyal and faithful users who are greatly anticipating the launch of the next platform (720).
    Apr 24 09:08 AM | Likes Like |Link to Comment
  • Apple (AAPL): FQ2 EPS of $10.09 beats by $0.02. Revenue of $43.6B (+11% Y/Y) beats by $1.1B. 37.4M iPhones, 19.5M iPads, just under 4M Macs. Expects FQ3 revenue of $33.5B-$35.5B, below $39.3B consensus. Buyback increased by $50B. Shares halted. CC at 5PM ET (webcast). (PR[View news story]
    HAHAHA, Ross Healy = Short AAPL
    Apr 23 08:41 PM | Likes Like |Link to Comment
  • From a technical perspective, at least on the surface, today's close by the S&P 500 below its 50-day moving average should be cause for concern. Not necessarily, says Bespoke Investment Group. At last check, the index had gone 74 sessions without ending below its 50-day average. Bespoke notes that the index has broken below its 50-day moving average after sustained periods of at least 50 days above the mark 13 times over the past decade, and over the month that followed, it actually gained an average of 2.2%. [View news story]
    What is fact is that since mid-November when the S&P began its trend higher, prior to each pull back, the number of stocks trading above their 20 day moving average has decreased consecutively implying that the trend higher was being built on the backs of fewer and fewer stocks as time progressed. A correction is long overdue.
    Apr 18 10:52 PM | 1 Like Like |Link to Comment
  • After dropping to the lowest level since March 2009 last week, bulls gain 7.5 points to 26.8% in the AAII Investor Sentiment Survey. The long-term average of bulls is 39%. Those bearish drop 6.3 points to 48.2% - still well above the long-term average of 30.5%. From Bespoke is this chart of the SPY vs. the AAII bulls since 2009. [View news story]
    Not for nothing, but I don't see much of a correlation between AAII bullish sentiment and market returns.
    Apr 18 09:08 AM | Likes Like |Link to Comment
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