Monday, February 3, 2014

Icemeggedon and social media

The Atlanta Icemeggedon 2014 was incredible. Atlanta shut down and the 2-inches of slush froze in minutes. I had to abandon my car and walk home. You heard the stories. But- during the disaster, people turned to Twitter and Facebook to communicate and solved huge problems. Even the police and local government officials said to use these sites to communicate. I was amazed. Our entire way of valuing these companies changed. We thought that they are now a bargain at these prices  and we must Buy! Buy! Buy! We did in a HUGE way. Not to mention the technicals and relative strength look great. They are not cheap by standard measures:however, trading isn't about valuation-It's about perception. If I know Wall Street, these stocks are going a lot higher - what are they gonna buy, Apple? Lol!