Seeking Alpha

SteveZ1

SteveZ1
Send Message
View as an RSS Feed
View SteveZ1's Comments BY TICKER:
Latest  |  Highest rated
  • The Apple Bubble Is Ready To Burst [View article]
    Well I don't know what funnier, this post or Andy Zaki proclaiming himself a "Genius" on his blog site thanks to a two year bull market and Apples success.

    Bull markets have a way of convincing young traders that they can do no wrong, bear markets humble them.

    For the most part Apple will likely remain trading in sync with the rest of the other 90% of stocks and ETF’s. If and when the Fed does another QE it will likely rally like a bandit with the rest of the Nasdaq beta leaders.

    If not we can assume most will be looking for a rally ahead of the next earning report.
    Nov 29, 2011. 10:59 PM | Likes Like |Link to Comment
  • The Groupon Roadshow [View article]
    Groupon "Poop on" on unsuspecting investors coming next week. Being led by none other than Morgan Stanley, Goldman Sachs & Co and Credit Suisse.Several analyst's are even refusing to cover the stock...

    Insiders class B Shares have 150 votes per share, while each Class A common share carries one vote per share..150-1 voting ratio insures no power to common shareholders..Very creative..

    Pass the hot potato until someone gets burned....SEC useless as ever .
    Oct 29, 2011. 01:00 AM | 2 Likes Like |Link to Comment
  • ETFs And Allocations To Protect Portfolios In The Current Financial Storm [View article]
    Bernanke will have done 48 billion in POMO's this month. Against what should be the same 16 billion worth for July, August and September...

    They only make 16 billion on the interest income so the Fed has to be borrowing from future payments, illegal? You bet....

    He doesn't care at this point...QE3a unannounced..
    Oct 24, 2011. 04:03 PM | Likes Like |Link to Comment
  • Going Flat For Safety [View article]
    Look the trannies are duplicating January of 2008 to a T to the 200 day ma. When we hit that hit probably next week we should go sideways and remain volatile with plenty of dips before ending November at the 200 day ma again.

    Then we start a quick 50% correction of this rally only to rally hard into the end of the year. That means you could remain out and miss the sideways volatility and come back in after the correction at a better market entry sometime in early to mid December or when ever we complete the 50% correction of this current rally..

    I believe we should have some big dips again once we hit the tranny 200day probably next week.
    Oct 21, 2011. 04:20 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    SP EMA and SMA averages must get closer
    SPY 50 day sma -117.20 =correct support as seen with gap
    SPY 50 day ema -119.07
    SPY 52 weeksma-119.77
    SPY 20 day sma -116.68
    SPY 20 day ema -117.98
    SPY 10 day sma -118.20
    SPY 10 day ema -118.99
    GAP---------------117.24
    Oct 18, 2011. 08:27 AM | Likes Like |Link to Comment
  • Why Google Should Be Scared Of Siri [View article]
    I wonder how many caught Steve Woz's comment late Friday that Apple is going to likely need a new CEO. He wasn't impressed with Cook's job of the release of the 4S and thought Steve Jobs would have presented it differently at the conference..He also said he didn't believe Cooks has enough vision to keep Apple going for more than another year..

    Out of respect for Jobs he was first in line buying the i4s, nor did he comment on the fact that Siri doesn't work other than responding with some canned response, but with the wrong search/answer. At least according to several testers and users..

    My own opinion is that Apple should make Woz an offer and make him CEO. He's got a lot more vision than any other corporate jokester around and with true technical knowledge. He knows exactly how Jobs thought..

    By putting Woz in charge the Apple "mystic" should be able to keep running. Without him Apple is no longer Apple from that standpoint and its future would remain suspect. More suspect then if Woz didn't come back to at least keep an eye on things

    In fact if Apple doesn't at least offer him a "near the top" position, than this CEO isn't doing his job...
    Oct 17, 2011. 09:09 AM | 1 Like Like |Link to Comment
  • Amazon: The Juiciest Of All Shorts [View article]
    Amzn is also 110 points out of its trading channel and way ahead of itself that's reflected in its price. Steve Kessel has been selling every month including exercising options.

    Look, the options distort the reality of the valuation. Since you know the risk the risk taker are taking the risk even this wildly overbought.

    You can love the company but not the valuation and the 52 week ma near 167.55...
    Sep 19, 2011. 01:56 PM | Likes Like |Link to Comment
  • Netbook Sales Are Crashing, Quick, Blame the iPad [View article]
    Netbooks forced laptop low end to drop in price, worship them. At $200-250 they are bargains..I have 2 batteries and they'll make it through an entire trading day need be. For on the go mine is great. Runs Windows 7 Pro and boots in seconds from Hibernate. No need for a full boot.. Not meant to replace a laptop except on the go..Love the real keyboard..Easy to upgrade and repair need be..
    Sep 15, 2011. 10:14 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Lets no forget the news that the U.S. securities regulators are asking high-frequency trading firms to hand over the details of their trading strategies and their computer codes.

    The SEC has to be kidding, it's not just about code, even programs like Tradestation can trade off of pivot points all day long and stagger the buying or selling with smaller blocks that increase in size rather than one large block. For those looking to trade something with increasing volume or the appearance of a lot of interest the staggered smaller blocks does help to create the illusion and find the interest of other traders.

    All the computer has to do is see what's available up ahead and being offered on level 2 or better yet level 3 and take all of it, thereby moving everything up or down. SOES bandits did that in the 90's and early 2000's but with much smaller sizes needed as electronic trading was still in its early stages..

    The thinner the market and the less being offered in either direction the easier it is to try and steer the market your way by taking what's available. It's not really illegal manipulation, it's smart trading or programming for that matter..

    What these firms have over the rest of us is simply all too much money!! In most cases enough to take as much of a stock as they want and that isn't illegal either!!

    SEC would have very little as far as a case goes. Free markets and there's no inside trading even going on..They would have to outlaw trading for the sake of trading if you want to win on those grounds.

    SEC's only chance is to go after their actual computers and see what effect having a computer as close as possible to the Exchange computers or market makers has on getting their trade to the front line..SEC has no right to take anyone's code!!

    They've been front running stocks as long as we can remember, even before electronic trading! But this is not just about fronting stocks, this is about a possible unfair nanosecond advantage these traders/computers would have to take everything being offered simply because their computers are located closer than the rest of us to these electronic exchanges....

    Again, nothing in the books right now says this is illegal. But it sure isn't exactly fair.

    This sure provides liquidity to a thinner market..It also catches the interest of other speculators and traders in what might otherwise have been a dull lousy day of trading..

    Big brother may be watching, I just hope they know what the h-ll they are looking for....

    It appears to me the SEC may have to go after computer manufactures or system builders with the path they appear to be taking....

    Good luck to them....I'd imagine they would be laughed out of court....Sorry, you cannot tell anyone you can't build a "super computer"..

    Once again this is SOES BANDITS reincarnated into something much larger..(Small order execution system gone wild)

    And once again nothing on Wall Street is much of secret nor happens without the express permission of the thugs running Wall Street..

    That's the bottom line...
    Sep 2, 2011. 08:23 AM | 4 Likes Like |Link to Comment
  • Cisco: Tech Has Never Been Cheaper [View article]
    Chambers also doesn't have a clue when it comes to Linksys and the retail consumer. Their latest line is more overpriced than ever and they have too many confusing models..

    In this day and age cheap good routers are a dime a dozen and Linksys units are certainly not worth a premium price.

    Cisco has failed to deliver any exciting products either business or retail for the longest time. Cost wise it's no wonder the likes of a Juniper has hurt them on the commercial end..

    Make no mistake, most those new Linksys units they shipped to retailers like Staples and Best Buy this past and current quarter will sit on the shelves for months to come..

    By the way, few if any wireless routers deliver the transfer speed they claim unless you're 2 feet from your computer. That being the case what's the point of 600N or 300N when you can use the cable and have Gigabite transfer speed? A good 150N wireless connection does the job and they are dirt cheap..

    Look Cisco products are ok for the most part, put their pricing on commercial and retail products are geared to the past when Cisco was nearly the only game in town you could trust..

    Fair value right now probably $15 until Chamber stops lowering his estimates soon after earnings are released.

    Also note there are too many non GAAP earnings otherwise known as "Pro Forma earnings" coming out of tech companies. You know things are getting tough when they start reporting those in mass.
    Aug 11, 2011. 06:52 AM | Likes Like |Link to Comment
  • Baidu vs. Yahoo: Sell the Bubble, Buy the Bargain [View article]
    Bidu is overvalued alright and trading at a market cap of 50 times its cash...There's simply nothing that can justify paying that price !! Google is a raging buy in comparison to Bidu with 34 times more cash. Apple trades at 12 times cash so lots of luck too.

    Retail is loaded up the ying yang with this one..

    Never the less that's no damn reason to buy a value trap like Yahoo! But it remains a good reason to stay the h-ll away from the long side of Bidu..

    Owned this at $50 in the early days when my friends small boutique brokerage on Long Island made a market in it. They no longer make a market in it nor do I own any of it anymore.

    It became too pricey for both of us....Good luck trusting earning too, the quality of earnings coming out of China leaves something to be desired when it comes to reporting standards.
    Apr 12, 2011. 01:09 AM | Likes Like |Link to Comment
  • What Happens When QE2 Ends? [View article]
    John, I believe we have the market capped at 1360 at the Fib. At best we would retest the high and try for that number on the SP..

    However with the ragging inflation and a supply shortage for caps and ballbearings,leds/optics coming out of Japan and assorted other parts that will effect everything electronic after April, when the current supply is drained. Earning for many companies will be set back one quarter at a minimum. So the top for the year should be in.

    Crazy day, Trin up 2.40 to almost 4 after the first hour as traders book profits from this bounce..

    Hope all is well and keep up the good work..Remember you from the Ragging Bull days....

    I believe we may have started a one-year decline that will retrace 80% of this rally and include crazy volatility up and down before it's over. Again one more challenge at the highs possible but but not looking probable at this time.
    Mar 21, 2011. 11:53 AM | 2 Likes Like |Link to Comment
  • Weighing the Week Ahead: Economy Improving; Japan, Middle East at the Forefront [View article]
    Another attempt for 1360 is still possible though the odds have greatly fallen with rising inflation and Japan troubles for tech.

    If we do attempt a retest of the highs I'd surely recommend to exit there.

    Treasury's attempt to ask dealers to hold the $ have leaked out and that's not a good thing in what should be a free market...
    Mar 21, 2011. 11:24 AM | Likes Like |Link to Comment
  • Weighing the Week Ahead: Economy Improving; Japan, Middle East at the Forefront [View article]
    Volatility going berserk, we should not see a Trin over 2.50 to 3.20 into a rally with a VIX falling..Smart money surely selling today for a down Tuesday.

    Market was capped at 1360 at the fib. So highs for the year are in and we are headed for a one year 80% correction that will likely take nearly one year to complete...

    Enjoy the volatility up and down....
    Mar 21, 2011. 11:19 AM | Likes Like |Link to Comment
  • Dow Theory Says Buy 'Em! [View article]
    Plan B, what started the rally was a W bottom going into March and the technicals wildly oversold. Bullish Percentage charts were at record lows of 3.3 percent bulls on the Dow. You can't get more bearish than that, but that selloff was created by the market to get retail out and cause a double bottom anyway.

    The QE1 money was first starting to dribble in around March to the market players. Technicals are always the reason why and how the market trades. The news is just the excuse the media uses to explain it.

    It was second quarter of 2009 that the banksters had so called great earnings from using QE1 money to buy the market on-the-cheap off the lows. How could they not make money using almost free Fed money. Even treasuries made them money with their cost to entry.

    The day we bottomed they started making money and not before.
    Dec 18, 2010. 08:31 AM | Likes Like |Link to Comment
COMMENTS STATS
29 Comments
18 Likes