From alibaba. Back on october 8th the stock up 67, down almost 50 from its highs leaving shareholders that bought it on the ipo and all the way up leading from the eye balls, founder urged investors to think longterm because the company is doing extraorornarily well. Since then alibaba stock has been off to the races. When the Company Reported a spectacular amount of money this morning, the stock immediately rallied six points right from the get go. However then alibaba sold off. In part because the market slid but also becausexpectations were easily trumped and there was a second more important consideration. The stock anticipated this good news so with a aexcessive move ahead of itselel the expectations were blown away the stock figured it out. I was convinced if you buy yahoo as a proxy for alibaba given its stake in the cocoany you get whats left of y yoo itself after it distributes its position to shareholders. Right now yahoo is being valued as though its worth next to nothing it
S p declining. 26 . Nasdaq losing. 09 . Its all underneath the surface. The moves were all over the map and the volatility was insane because the expectations are moving to be totally off base in so many different cases. The best example, twitter. Ive been telling people to cool it already about the stock. Dont get too excited about new features or the new jack dorsey regime because the ceo just got started. This thing cant be turned around that easily. I even lost my cool this morning. It says people should just give the guy a chance and not bet on the near term. No, expectations got ridiculously high. Many say jim if you do like three more periscopes cant that be additive to earnings . No. Guidance is weak. Things just got out of hands. Stocks can drop to the low 20s in august. Incredibly bizarre expectations for the Largest Company in the world, apple, which reporting this evening gave us good earnings. We got lots of whispers. There was a massive slow down in phones because some ge
Ornween the prince of p and legalizing marijuana, who better to have as a partner than tom keene . You are so twisted. [laughter] i dont know how to type. Im doing typing. I want to type like adam johnson. One of the most beautiful weakens of the summer. The first weather ever. You did typing this weekend . Just a little bit. Gin and tonic typing. You have to get your typing game on. My bowtie is set for radio. M a dayand mende day m a day. Zillow has agreed to buy trulia. They are the two most visited property sites in the u. S. I use them all the time. There was also a deal and discount retailing. Buy family will dollar. The deal has an enterprise value of 9. 2 billion. Carl icahn has a 9 stake in family dollar. Has agreed to settle claims that it manipulated benchmark Interest Rates. To u. S. Pay 370 million and british regulators. Nine Financial Firms have been fined a total of 6 billion. A new airline can sin that the public market. Virgin america filed for an ipo today. It has be
Good afternoon and welcome to the october 26, 2012 meeting of the local Agency Formation commission for the city and county of San Francisco. I am david campos and i am the chair of the commission. We have our clerk is linda wong and we want to thank the following members of sfg tv staff for covering the meeting today. Madam clerk if you could please call the role. Commissioner avalos. Present. Commissioner olague absent. Commissioner mar, present. Commissioner pimentel. Commissioner schmeltzer. Present. There is a quorum. Thank you very much. If you could call item two. Item two is the minutes from the special meeting. Do you have the minutes of the meeting . Before we take any action i would like to ep it up to Public Comment. Any member of the public that would like to speak to item two . Seeing none Public Comment is closed. Colleagues do we have a motion . We have a motion by commissioner avalos and second by commissioner schmeltzer. If we could take that without objection. Madam
Good afternoon and welcome to the october 26, 2012 meeting of the local Agency Formation commission for the city and county of San Francisco. I am david campos and i am the chair of the commission. We have our clerk is linda wong and we want to thank the following members of sfg tv staff for covering the meeting today. Madam clerk if you could please call the role. Commissioner avalos. Present. Commissioner olague absent. Commissioner mar, present. Commissioner pimentel. Commissioner schmeltzer. Present. There is a quorum. Thank you very much. If you could call item two. Item two is the minutes from the special meeting. Do you have the minutes of the meeting . Before we take any action i would like to ep it up to Public Comment. Any member of the public that would like to speak to item two . Seeing none Public Comment is closed. Colleagues do we have a motion . We have a motion by commissioner avalos and second by commissioner schmeltzer. If we could take that without objection. Madam