SanDisk Corp (NASDAQ:SNDK) Is A Leading Flash Storage Technology Company That Is Coming Under Some Selling

Facebook Inc (NASDAQ:FB) is having a fantastic day. The stock hit a new all time high of $49.66. However, the charts tell the future and the future is…

Facebook Inc (NASDAQ:FB) is having a fantastic day. The stock hit a new all time high of $49.66. However, the charts tell the future and the future is not green for Facebook. Instead, it is cluttered with down days and a pull back to the $45.65 and $42.45 levels. So why when the world is so bullish on Facebook is the top in? The answer is somewhat simple. First, with the world so bullish on Facebook or on any stock, one must be wary as a reversal is likely. A great example of this was Apple Inc. (NASDAQ:AAPL). When the stock was at $700 a share, analysts were upgrading like crazy and the whole world was talking about it. This has now happened with Facebook. Today, happens to coincide with an analyst upgrade as well. Go figure, an analyst upgrades the stock now when it is up 100% in the last few months. Definitely similar to Apple at $700 per share. When looking at the stock chart of Facebook, the first thing that jumps out to me is the symmetry. The price hovered around $25.00 a share for a long period. After earnings it shot up to a high of $49.66. This is a 100% move in the stock. In addition, notice the selling that has come in off the highs today. Major distribution from institutions. Last, notice the tail on the chart today. As the stock declines, it forms what could be a topping tail on the daily chart. Should a topping tail form, it will solidify a major top in the stock for a pull back to the mentioned levels of $45.65 and $42.45. Normally, I do not mention valuation but even that is way beyond stretched. The bottom line sits at an overbought Facebook chart that has too many amateur bulls long and reversal signals everywhere. Cheers to a great shorting opportunity.  Gareth Soloway InTheMoneyStocks.com

This picture was intended to illustrate the “horrors” of suffrage, but damn if that doesn’t look like an awesome bar

Via Sam Sykes/Twitter

$NFLX reverses course after big gain following earnings. Reed Hastings during earnings videocast: ““Every time I read a story about Netflix is the highest appreciating stock in the S&P 500, it worries me because that was the exact headline that we used to see in 2003.” http://yhoo.it/1deOhGo

Canadian Solar Inc. (NASDAQ:CSIQ) has run into a major double top from 2010. This is a classic swing trade short as a pull back is now expected. The s…

Canadian Solar Inc. (NASDAQ:CSIQ) has run into a major double top from 2010. This is a classic swing trade short as a pull back is now expected. The stock has run from $1.95 to $33.25 in less than a year. This is an epic move of 1600%. A likely pull back target would be $26.00. Gareth Soloway InTheMoneyStocks.com

Obamacare Band-Aid: President to allow insurers to keep health plans an extra year

(Photo: Mandel Ngan / AFP - Getty Images)

After a furor over canceled health policies, president announces adjustment allowing insurers to offer the option to renew their 2013 plans in 2014 without change.

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Private Equity has a new Lobbyist: Ken Mehlman

Ken Mehlman former head of the RNC and the public affairs chief at KKR is now the top lobbyist for the private equity industry. Mr. Mehlman was elected on Thursday to be the chairman of The Private Equity Growth Capital Council.

PEGCC is the most prominent advocacy group for equity and capital firms such as TPG Capital, Silver Lake, Apollo Global Management, Carlyle Group and Blackstone Group. PEGCC was launched in 2007 and is currently being run by president and chief executive officer Steve Judge. Mehlman is succeeding Mark Tresnowski in this position. Tresnowski was a top lawyer for Madison Dearborn Partners.

“As a member of the PEGCC’s Board of Directors, Ken has long been a driving force behind our major initiatives,” said Steve Judge, PEGCC President and CEO. “We’re very pleased to have him as our new chairman. Ken is a unique talent with two decades of experience at the highest levels of government, politics and business. The PEGCC and our members will benefit tremendously from his leadership, advice and counsel.” 

Mr Mehlman's primary responsibilities will be to help expand the PEGCC's outreach as well as educate and engage stakeholders about the value of the private equity industry. At KKR Mr. Mehlman has had a large role in formalizing KKR's outreach efforts including creating robust environmental, social and governance programs for the firms and its portfolio companies. 

“I’m privileged to succeed Mark as Chairman of the PEGCC,” said Mr. Mehlman. “I have enormous respect for the PEGCC’s important work engaging with public policy makers to encourage more economic growth and retirement security for millions of Americans. I also share the PEGCC’s goal of building a community of investors who seek superior returns while also emphasizing active, responsible governance, long term investment and measuring success in years not quarters.

“I would personally like to thank Mark for his invaluable contributions and leadership for PEGCC and the industry as a whole throughout his tenure as Chairman,” said Steve Judge, PEGCC President and CEO. “From our many legislative battles over carried interest and the Dodd-Frank Act to the 2012 presidential election that brought our industry into the national spotlight, Mark provided the PEGCC with exceptional leadership."

Google stock hits $1000

Last week Google saw its stock price climb above the $1000 mark. The shares jumped on Friday and saw a 13% raise to a high of $1008.18. Google now holds a market value of $40 billion and is worth more than Microsoft and Berkshire Hathaway. It is ranked 3rd in the United States for market value, behind Exxon Mobil and Apple. Investors have been gaining confidence in the company after continued dominance of mobile an video advertising business compared to competitors such as Facebook and Yahoo. Google saw advertising rise 26% this past year and expectations are that advertising with Google with continue to rise moving forward. Besides the search engine, Google is also known for their Chrome browser, maps and their Nexus smart devices. In addition Google owns the Android ecosystem and they are beginning to see a snowballing effect here as growth of apps and users generate more profit. Google is also seeing revenue growth outside of the United States and the UK, in markets such as South Korea and Japan.

http://aclassasset.blogspot.com/2013/10/google-climbed-to-1000.html