So what's driving the facebook/twitter dives?
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An article I read about Facebook said that their earnings were fine, but their revenues were about 2 percent lower than expected. So therefore the stock dove nearly 20 percent.

That's why I bought a little more yesterday. If that's the reason, it was a complete overreaction.


One thing I've noticed over the past couple of weeks is that I have a number of stocks that are moving massively - up or down 6 or 8 or 10 percent in a day. The volatility is really unusual. I guess it could be people trying to figure out the impacts of the trade talks, but I find the amount of movement very odd.
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After constant growth in users for years, both of them are starting to see flat or negative growth in active users. That's the biggest part I think.
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Facebook had an awful conference call w/ significantly diminished future guidance revisions. They guided revenues to fall off in the high single digits.

Operating margin fell from 50% in the first quarter to 44% and they guided it to continue falling and settle in somewhere in the mid-30's. This is due to hiring lots of people to help fight fake news and deal with GDPR in the EU, etc. that they pointed out obviously don't do anything to directly bring in additional revenues.

In Q1 they had an operating margin of 50% and profit margin of 40%. If operating margin is settling into the mid-30's then profit margin is likely headed to 25%ish. So they're gonna make less profits on 7-8% less revenue.

Also, Sheryl Sandberg said they aren't sure GDPR is completely baked into the current quarter or not so it could get worse.

I don't follow twitter so no idea
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Now that you say that I think I read that Facebook had negative activity growth for the first time ever.
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Kanye West beat the market by more than 40 percent

= Last Christmas, West surprised Kardashian with shares of Netflix, Amazon, Apple, Adidas and Disney.
= Netflix and Amazon are Kardashian's best-performing holdings, up 90 percent and 50 percent, respectively.
= Apple, Adidas and even Disney are also performing respectably.

https://www.cnbc.com/2018/07/28/kany...0-percent.html
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IQ taking a dump a day before they release their earnings report doesn't seem good....
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I'm riding 50 shares of Apple into earnings.

Pray for me.
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I think their ER comes back pretty solid and we see a bump in the stock.

Temporary though. China looks to stay in a bear market for now.
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Thought this was pretty interesting


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Not all positive ER's come back with correlating price bump. Not saying this is what is going to happen but... look at MU after it's last ER.
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Loving that. Can you imagine the power bill on ten 90,000 watt flower rooms alone? Wonder what a 900,000 watt Bill looks like. Although I bet they are using at least 2 million watts if power with all rooms combined. Lights look like 1k Gavitas in the flower room
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Another interesting video on the two major Cannabis companies


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Maybe things have changed since Trump came in, but at one point, you couldn't deposit proceeds from sales from (Federally) illegal activity into a bank. So can you imagine rolling into the electric office with a box full of hundos? LOL
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