I hardly remember how I run into this company, but It clicked on -what seems to me- a good idea: it basically becomes a broker of advertisement that connects independednt publishers with advertiser in order to monetize their social media presence.
Will be following this company from now since I think the have found a great market and would like to learn more from them
Here are the 3 minutes of fame
Interview from BBC’s with Alessio Rastani.
Friend or Foe? Or Don´t shoot the messenger -regardles of his qualifications.
Regardless, I applaud Alessio´s marketing strategy, currently beign followed by 12k+ in twitter. Grat move to promote yourself.
Trading floors were once the preserve of adrenalin-fuelled dealers aggressively executing the orders of brokers who relied on research, experience and gut instinct to decide where best to invest.
Long ago computers made dealers redundant, yet brokers and their ilk have remained the masters of the investment universe, free to buy and sell wherever they see fit.
But the last bastion of the old order is now under threat.
Investment decisions are no longer being made by financiers, but increasingly by PhD mathematicians and the immensely complex computer programs they devise.
the bug of understanding the inner works of HFT is getting to me, as I´ve found some more interesting material in this chronicle by the BBC on regards to some more aspects of the HFT Business.
Following up on the weekend post (dec. 23) where I covered zipcar.com, it provided a good move along with the rally experienced yesterday in the US Market. It gained 4.58% for the day.
The move tagged the 20EMA -which offered resistance-$19.25- Ultimately -provided the bullish action persists- the target would be the 50EMA, which has previously worked as resistanceover the last 2 months.
It is importante to note, that yesterday´s move left a 0.50 cent gap, which depending on the price has to be eyed if no continuation is developed.
On the “fundamental” side: finviz reports it has a high institutional ownership (almost 40%), which I have to say it was suprising to me -might it become a new market leader?
Shortsqueeze.com reports it has 15.8 “days to cover”, while finviz 13.2. Regardless of the difference, this implies that it will take aprox. 2 weeks or nearly 3 trading weeks to cover the entire float, which will surely add spark to the bull case.
Zipcar is a company where you can can reservecars online or by phone, 24 hours a day, seven days a week. Reservations can be made minutes up to a year in advance and the advantage is that memeber´s can rent cars either billable by the hour or by day. Zipcar broke thru the traditional rental-car companies, by providing an easy-to-use and flexible alternative at a competitive rate in easily accessible locations. The company has expanded from its early days in San francisco to more than 20 areas in the US,Canada and the UK.
It went public in early April at a price range of $14-16. This week it broke support in the low 17´s range as it is nearing the bottom of the trendline. It also has showed relative strenght today, gaining almost 5%. I would keep a close eye on it, provided the market ignites a little rally.
Following this idea, I´ve found the folks at Getaround.com – similary to ZIP, it offers the possibility to its members to rent a car by the hour. What it set it aside from it, is that instead of renting a car from the company´s fleet, the member actually rents it from another nearby member of the community. They have developed their on iPhone app where you can locate, rent from the palm of your hand, instantly.
I wonder if we will be seeing an IPO in a not too distant future?
By understanding myself. both my strenghts and my weaknesses, I became a better trader. IN fact, knowing myself – how you react to winning and losing, how well you handle success and failure- is just as important as studying the technical price charts, It is not the market that will ever break you, it´s you who can break you.
Lewis Borsellino, The Day Trader: From the Pit to the PC
German Ifo sentiment data
St. Louis Fed President James Bullard speaks
Fed Governor Sarah Bloom Raskin speaks
Minneapolis Fed President Narayana Kockerlakota speaks
Chicago Fed National Activity Index for August
New home sales for August
Dallas Fed index for September
Case-Shiller Home Price Index for July
Consumer Confidence for September
Richmond Fed index for September
Atlanta Fed President Dennis Lockhart speaks
Bank of England financial policy committee statement
Fed Chairman Ben Bernanke speaks
Kansas City Fed President Thomas Hoenig speaks
Boston Fed President Eric Rosengren speaks
Durable Goods Orders for August
Treasury auctions 5-year notes
Eurozone confidence indexes
German parliament votes on expanding eurozone bailout fund
Philadelphia Fed President Charles Plosser speaks
Boston Fed President Eric Rosengren speaks
Second-quarter GDP, second revision
Pending Home Sales index for August
Personal income and spending for August
Chicago ISM for September
Michigan consumer sentiment for September
St. Louis Fed President James Bullard speaks again
Thursday and Friday
HT to marketbeat