Thursday, March 30, 2017

BUD tracking the 50 day moving average

Anheuser-Busch InBev SA/NV  [BUD]    

Slow and steady wins the race. Since their rapid drop in stock price back in October/November of 2016 it has been tracking upward, slowly but surely. It has bounced off the 50 day moving average twice now and is creating a pattern.

Wednesday, March 29, 2017

Ever Hear of NQ Mobile?

NQ Mobile [NQ]  - all numbers and information about company come from

I'm sure you haven't. If you have, then you are better than me. NQ Mobile - used to be NetQin Mobile - is headquartered in Beijing making it a Chinese stock. The basis of their business is supplying mobile internet services to the people of China. They have products under their umbrella in the fields of mobile security, privacy, optimization, cloud stuff, and family protection. 

Tuesday, March 28, 2017

Interest Rates, Among Other Things

If you are familiar with interest rates then you'll probably understand everything I am about to say. If you do not, then this may be helpful to understanding them a little further.

The reason I want to try and explain this in a more basic way is because for the longest time I had no idea what people meant or were talking about when they said, "the Fed is going to raise interest rates" and "I wonder if Yellen will increase interest rates during the next meeting." 

Monday, March 13, 2017

Bill Ackman out of VRX

     Word on the street earlier today was that Bill Ackman was selling out of Valeant Pharmaceuticals [VRX] and stepping down from the board of directors. Turns out those reports are right as it has been confirmed by many that the huge block trade made just after 4:00pm was the sale of all of Pershing Square's shares. Ackman sold 27.2 million shares for $11.00 per.

SNAP Stinks

A couple things I learned and then some of my own thoughts as to why Snap stinks.  

     25% of all stock issued at IPO was promised to be held for one year. Snap and the underwriters - Morgan Stanley and Goldman Sachs - were able to convince individuals/institutions to agree to buy the stock and hold onto it for at least one year. It's very rare that companies are able to accomplish this and those companies are actually turning a revenue. These shares that are held for a year are going to help legitimize the company, which is useful since they lost $514.6 million dollars last year. 

Tuesday, March 7, 2017

CMG Moving Averages Cross

Chipotle  [CMG]     

     After a couple days into a down week I was scrolling through the charts I usually do. Today I noticed that Chipotle is showing a bullish signal which I find surprising amidst all the bad news surrounding them recently. The front cover of Barron's was promoting an article they wrote saying Chipotle could have a 20%-30% downside 2 or 3 weeks ago. And today it fell 1.65%, the equivalent of $6.78 and broke below any support from the 50 or 200 day moving average.