I mean the whole market rallied for some reason, but yes i am happy with how it went so far.
Look, Spotify is quite well positioned. Despite what people may say, it's model is completely different from Netflix. It doesn't need its own content (like the fucking podcasts
), its a platform where alot of artists would actually PAY to be put in some playlist. Compare this to netflix who need to produce content at high interest rates. If only they cut back on spending.
Fully agree about spotify been on my list for some time was just to expensive for too long and then i got greedy and did not expect a jan rally out of nowhere....
Again this is me being an idiot as i priced them at 120 at the ipo did not pull the trigger when they came close days after the IPO regretted it for like 2 years and more ore less forgot about it till you posted about em. Wihout looking my initial response to you would have been still to expensive then i saw them in the 70s and was like hmm he might have a point but did not pull the trigger as again i can be a greedy idiot when i think we re in a bear market.
In other news the feds "pivot" if you wanna call it that kind of caught me on the wrong foot... Thought they d keep on going with the 0.5 raises at least one more time then again i knew 0.25 was in play. Anyways had shitty positioning yesterday and go a bit fucekd on my options. That being said i think it s kind of funny how people who have ben advocating/ predicting a pivot are now claiming victory when it was not an actual pivot just a slower pace of raises.
Anyways FB with "decent" numbers up 18% in ah not so sure i m too big a fan of their 40 bio buyback program. WHat to me is surprising and why i m still bullish on em is that their Dau s are still growing....
Also rev beat and rev forecasts for q1 23 are better than expected we might see light at the end of the tunnel.
Meanwhile CVNA has rallied 150% in like 1 week on no news with the equity being a 0 ... Looking at bonds it looks like debt holders dont think they ll be made whole so i m not sure why people are pilling into the Equity of that garbage. I guess the market gods just want to pull me into that trade again.
EDIT: Totally forgot to mention the adani situation, which i find very intriguing I dont have a horse in this race but it s a very interesting case. First of after going through the hindenburg research i called my indian buddy who also works in finance and he was like yeah it s a nothing burger every indian investor knew this or at the very least suspected this. But this thing has blown up to the point where the integrity of the indian financial markets are at stake, Adani has not brought forward a good excuse and basically invoked some kind of nationalism as a defense, meanwhile everybody with half a brain who read the report knows Adani is guilty. Question is will the pressure on the modi government be big enough so that they have to crack down on Adani?