Facebook IPO

It opened at 42.90 AND NOW TRADES at 40. I think the price is ok if you want to buy. My expectation is facebook will grow to today's google size in about 5 years. Which means in 5 year the stock can trade around 72.

Apple's price is getting interesting. I will buy if it trades below 515.

The european turmoil is good for U.S. Consumers and bad for business profits

The Greek is in the process of going bankrupt and leaving euro, which will have a huge implication for Europe. It will be difficult to large global companies, such as IBM, JPM, SAP and resources companies to generate profits in Europe. The strong U.S dollar will also make oversea profits smaller in U.S dollar term. On the other hand, the lower prices for oil, base metal, agriculture products will be good for U.S consumers. Over the last few years, the real inflation experienced by consumers is much higher than the official number (2%).

msg

MSG reported earnings and it well ahead estimates. Just as I told you three months ago when Lin first emerged, I predited his impact will be way higher than analysts estemates. Now the stock has risen to fully valued, I will take profit and move the money to LGF.