Reading Time: < 1 minute I read two news this week, which makes me think this is coming. Keep in mind many local governments are upside down in terms of budget and debts, any tax revenue helps. Collecting tax revenue from online merchants in remote places like Seattle (HQ of Amazon) is a convenient choice. Expedia (Nasdaq: EXPE) tax lawsuit… Continue reading Sales tax on online shopping coming?
Reading Time: < 1 minute I closed the Amazon Feb $65 puts last Wed, when I saw the stock dropped to around $68, which is the low point the day after it released Q4 earning. Lesson learned: 1) short/put a stock is much harder than I thought. I started this trade because I saw EDU, AAPL, and VMW all dropped… Continue reading Close AMZN puts, Portfolio update
Reading Time: < 1 minute This is my very first option buy. After I “buy to open” on this $65 put, I don’t know how to realize the gain, if any. So I called the broker and asked for help online, both came back with answer “sell to close”. That made me more re-assured. The option terminology can make one… Continue reading I bought AMZN puts
Reading Time: < 1 minute I thought about it early Jan. after reading from San Jose Mercury News that VMW is the No. 4 software company, in terms of market capital (about $30 b as of yesterday). But I put down the earning date (Jan 28) on my Google Calendar (not Yahoo), and it did not send out reminder email… Continue reading Forgot to buy VMW puts
Reading Time: 2 minutes Today Bill Miller must be very happy, as his fund (Legg Mason Value Trust) core holdings Amazon (5% of $20 b, roughly $1 b) went up more than 20%, this is the second time AMZN came out with a blockbuster quarter this year, and the stock has been up more than 100% in the past… Continue reading Congrats to Bill Miller