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OBJE Poised for Big Growth

Thu, 23 May 2013 05:00:00 -0400

Celebrities In Tech

Thu, 23 May 2013 02:00:57 -0400

Big Tech Bashing: Stop The Insanity! There's No Immorality In Making A Profit

Thu, 23 May 2013 02:00:57 -0400

Here’s some good fun. In fact, it’s practically becoming a national pastime: The demonization of Big Tech has reached a fever pitch this week. As we gathered our thoughts, collaborator Tom Lowery and I mulled over a few of the headlines of an eventful week in large tech:

PRESS DIGEST - Wall Street Journal - May 23

Thu, 23 May 2013 01:48:08 -0400

May 23 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.

Google Voice Can Prevent Twitter's New Security System From Locking You Out

Wed, 22 May 2013 23:07:32 -0400

Twitter just announced its new two-factor authentication security system that can go a long way towards preventing unauthorized use of accounts.

PRESS DIGEST - British Business - May 23

Wed, 22 May 2013 20:32:01 -0400

May 23 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.

Fed Talk.....Reversal.....

Wed, 22 May 2013 18:42:47 -0400

So today we had Mr. Bernnake speaking in front of Congress and they were asking the usual ridiculous questions about quantitative easing and how long he intended to keep it going, etc. Would he stop soon? What were the parameters he was using to decide when to stop, and so on. He gave perfect answers. He said if things stay bad he'll continue to flood with cash. If things get really good he'll slow down. Send in the marching bands. Wow! Really? The market eventually sold off. Folks on television saying it was due to the Fed "confusing" people with his remarks. Really???? You think that's why the market sold off? Well folks, the reason the market sold off was because it was brutally overbought with sentiment readings getting well into the red-flag area. The market was simply looking for any excuse to sell as there were basically no buyers left.

Markets sell sometimes, even in a bull environment. Yes, it is important to unwind overbought and to unwind sentiment. The market understands this. It does what it has to when it has to and there's nothing and no news that can take place to stop it. So today was the day the market said uncle for a little while. Nothing to get upset about. Let it fall. The bulls should root for some deeper selling. I know I am, but we shall see just what the bulls are willing to surrender in the days and weeks ahead. Today was not a bearish day bigger picture, but it was a key-reversal day for the short-term. At least it should be. It doesn't change the fact that we're in a powerful bull market. Don't lose sight of the bigger picture. If you're very bullish on the market, root for lower prices for a while.

The moves lower were led by the stocks that have been on high poles. Some real beatings in those stocks. It had to happen at some point folks. You can't stay that overbought on a high pole forever. Stocks like Green Mountain Coffee Roasters Inc. (GMCR), Google Inc. (GOOG), and Priceline Inc. (PCLN) to name just a very few. There were literally hundreds. These stocks have huge volume sticks to go along with the selling meaning they are going to need a decent amount of time to unwind further and recover.

I'm very happy about these reversals as they will allow for entry down the road. The ley today was the size of those candlesticks. Massive off the top with most of them engulfing yesterday's up-stick, and some of them engulfing many day’s worth of up sticks. That's normally bearish for the short-term as big money won't support the retail that tries to buy them back up so they can bounce some but won't likely blast higher for a while to come. Again, this is healthy and necessary. At some point it becomes impossible to even think about getting involved with them. This will let the air out and allow unwinding, which is what they so desperately need.

So now we need to look at the key-index charts to understand where support is sitting. We take a look index by index so let's start with the S&P 500. The 20-day exponential moving average sits at 1631 while key-horizontal support is at 1600. Plenty of down side available if the market wants it. Now we turn our attention to the Dow. The 20-day exponential moving average sits at 15,097 while the 50-day exponential moving average is at 14,785. Finally the leader, the Nasdaq. The place froth goes to live and die at times. There's strong 20-day exponential moving average at 3412 while massive gap support sits at 3370. If the market could move down to these levels it would be a great thing for the bigger picture. We shall see.

One day at a time. Look at this evening’s charts for deeper understanding of today's action.

Peace,

Jack

UPDATE 1-Twitter beefs up security after hacking spree on media

Wed, 22 May 2013 17:43:22 -0400

May 22 (Reuters) - Twitter Inc unveiled technology to boost security for its users, following a spate of attacks on accounts of prominent media outlets including the Associated Press, the Financial Times and The Onion.

Twitter Just Launched Two-Factor Authentication To Foil Hackers. Turn It On.

Wed, 22 May 2013 16:46:15 -0400

Twitter's

FEATURE-'Irrational' hackers are growing U.S. security fear

Wed, 22 May 2013 15:17:12 -0400

* Infrastructure malfunctions loom as hackers probe networks

The 10 Stocks That Hedge Funds Love Most

Wed, 22 May 2013 14:40:46 -0400

Goldman Sachs revealed the stocks most popular with the nearly $2 trillion hedge fund industry. The so-called VIP list has outperformed the S&P 500 this year and features names that appear most often in hedge funds' top 10 holdings.

Former Yahoo executive Shashi Seth to head Tribune digital

Wed, 22 May 2013 14:37:23 -0400

May 22 (Reuters) - Former Yahoo Inc executive Shashi Seth has joined Tribune Co to lead its digital ventures as the newspaper and broadcast company seeks new revenue sources.

The Dubbler App Is Vine For Your Voice

Wed, 22 May 2013 14:36:00 -0400

Vine For Voice: Why Half A Million Millennials Share Sound On Dubbler

Wed, 22 May 2013 14:36:00 -0400

Founder Matthew Murphy is the brains behind Dubbler (Image credit: Appsurdity) You know where to go to spruce up your phone photos so you can share them with friends--Instagram. And for short edited videos, Twitter's Vine platform can help you channel your inner Jack Dorsey with six-second edited clips. But when you want to impose your voice or a happy birthday song on your friends, social media doesn't have as clear of an answer for where you should go. That’s where audio-sharing app Dubbler thinks it can become the next big media-sharing app—by betting people like the sounds of their own voices even more when they can share them filtered to sound like a robot or a cat.

If Cloud Computing Is Here, Then Where Is My Jet Pack?

Wed, 22 May 2013 14:27:34 -0400

When I was a kid, I was enamored with the idea that I was going to get a jet pack. I thought that when I was old enough to go to work, I’d just tie on the ol’ pack and blast myself over the highways and byways, landing deftly on the roof of my office.

Danger Zone: Amazon.com

Wed, 22 May 2013 13:28:08 -0400

Check out this week’s Danger Zone interview with Chuck Jaffe of Money Life and MarketWatch.com.

Amazon.com (NASDAQ: AMZN) is in the Danger Zone. The belief that Internet retail is or will be more profitable than traditional retail is untrue. Amazon is in a

Apple (AAPL), Samsung Could Crumble Under High-End Smartphone Pressure

Wed, 22 May 2013 13:18:59 -0400

Visit StreetInsider.com at http://www.streetinsider.com/news.php?st=p&id=8362285 for the full story.

UPDATE 1-EU leaders talk tough on tackling Amazon, Google over taxes

Wed, 22 May 2013 12:40:58 -0400

* EU losing up to 1 trillion euros a year to tax evasion, avoidance

Here Are 14 Yearbook Photos of Business Big Shots

Wed, 22 May 2013 12:19:13 -0400

When we think of the business titans of our age, we often associate their likeness with private jets, cash flows in the millions, intense board room meetings and bold leadership.

Yet, the humble beginnings of the CEOs, co-founders and chairmen of some of America's top companies are often overlooked.

Benzinga compiled a

Effects of QE - Bernanke's Quantitative Easing

Wed, 22 May 2013 11:52:55 -0400

Bernanke Speaks, Stocks Rock On

Wed, 22 May 2013 11:52:55 -0400

Stocks love it when Ben Bernanke speaks. The SPY is up about 0.5% this morning, catching a lift shortly after 10:00 a.m. when the Federal Reserve began his testimony before Congress' Joint Economic Committee. In his statement and remarks, Bernanke played down the idea of slowing the pace of asset purchases by the Fed.

The Battle For The Cloud Is On -- Who Will Win?

Wed, 22 May 2013 11:52:10 -0400

The following guest post is by Andi Gutmans.

Motorola Acquisition Still Holds Big Value For Google

Wed, 22 May 2013 11:35:01 -0400

NetApp, Apple rise; Microsoft, Oracle slide

Wed, 22 May 2013 10:22:49 -0400

NetApp and Apple shares rise to highlight a mini-tech rally. But shares of Oracle and Microsoft weigh down the sector.

If Apple Paid More Tax, We Might Pay Less

Wed, 22 May 2013 10:12:10 -0400

Opinion seems to be divided as to whether Apple’s tax avoidance schemes are a good thing or a bad thing. Free-marketers assert that Apple is doing everything it should, and exploiting our Byzantine tax laws is what it’s all about.

Bernanke...Pre-Empted by Dudley

Wed, 22 May 2013 09:57:03 -0400

Bernanke pre-empted by Dudley: Will he throw it back into Congress' lap?

Forget Acquisitions, Yahoo! Should Start Paying a Dividend (YHOO)

Wed, 22 May 2013 08:02:08 -0400

After a speculation filled weekend, Yahoo! formally announced on Monday that it is acquiring popular blogging website Tumblr for $1.1 billion. This latest investment by Yahoo! is an attempt to help revitalize the struggling tech company by drawing in Tumblr’s younger users. However, considering Yahoo!’s history with acquisitions, it seems as though the company would [...]

George Soros’s Biggest Dividend Stock Buys As Of Q1/2013

Wed, 22 May 2013 08:00:34 -0400

10 Most Valuable Brands in the World 2013

Wed, 22 May 2013 07:58:55 -0400

Sony Board Will Consider Activist Loeb's Breakup Plan

Wed, 22 May 2013 07:56:45 -0400

Sony Corp., newly pressured by activist hedge fund manager Dan Loeb, says it will consider a breakup plan that would feature an IPO of part of its entertainment division.

Billionaire Tory Burch's Seven Lessons For Entrepreneurs

Wed, 22 May 2013 07:52:03 -0400

Walk down any sidewalk from New York to Shanghai and you’ll see women wearing ballet flats with Tory Burch’s distinctive double-T logo. They’re also wearing her patterned tunics, handbags, clutches, and bold country club–chic pants, skirts, dresses, and tops. Tory Burch hasn’t just made preppy clothes hip and modern, she’s built a multi-billion dollar fashion empire in less than a decade. And she’s leveraging her experience and influence for the greater good with the Tory Burch Foundation, an organization dedicated to empowering female entrepreneurs.

Google's Susan Wojcicki: The Most Powerful Woman In Advertising

Wed, 22 May 2013 07:51:43 -0400

If you Google “Susan Wojcicki,” the search-giant’s SVP of Advertising, you’ll see that one of tech’s most influential leaders keeps a markedly low profile, one focused more on how to monetize that search than what appears when querying her name. Just ranked by Forbes as the 30th most powerful woman in the world, Susan Wojcicki may not household name - yet. But as the head of all of Google’s ad products, each of us is impacted by the extraordinary scale and scope of her work dozens of times a day whether it be when picking up our myriad of mobile devices, watching the latest cat-turned-viral sensation on YouTube, or even deciding what high-tech eyewear of the future we’ll be sporting.

UPDATE 1-UK opposition party leader says Google tax behaviour "wrong"

Wed, 22 May 2013 07:45:24 -0400

LONDON, May 22 (Reuters) - Google Inc's tax affairs came under renewed scrutiny in Britain on Wednesday when the leader of the opposition Labour party accused the Internet company of wrongly going to "extraordinary lengths" to avoid paying tax.

Microsoft Xbox Takes on Apple, Google With Smart TV

Wed, 22 May 2013 07:37:39 -0400

Microsoft unveiled its long-anticipated next generation console Xbox One on Tuesday, but it was its inclusion of live TV, rather than its gaming capabilities that set tongues wagging.

Caterpillar’s Ultra-Durable Smartphone Comes to U.S.

Wed, 22 May 2013 07:36:45 -0400

UPDATE 1-Ireland feels the heat from Apple tax row

Wed, 22 May 2013 07:33:43 -0400

DUBLIN, May 22 (Reuters) - Ireland called on Wednesday for an international clampdown on multinationals shifting profits around the world to avoid tax, after criticism that Irish loopholes helped technology giant Apple to shrink its tax bill.

Yahoo’s Tumblr buy is a high-stakes gamble

Wed, 22 May 2013 07:00:51 -0400

In plunking down $1.1 billion for Tumblr, Marissa Mayer is making a big bet that the blog publisher’s content and its growth rate will help Yahoo better compete against Google and Facebook in the online ad market. But there’s just one problem, writes John Shinal.

How not to screw it up: Three challenges for Yahoo

Wed, 22 May 2013 07:00:39 -0400

Yahoo has promised not to screw up Tumblr by taking it over. Nick Shchetko offers three lessons from other big tech acquisitions to help Yahoo keep its promise.

EU leaders shine spotlight on Amazon, Google over tax policy

Wed, 22 May 2013 06:35:49 -0400

* EU losing 1 trillion euros a year to tax avoidance, evasion

Search Stocks Are Soaring, Set to Keep Going

Wed, 22 May 2013 06:26:17 -0400

Employees Bolt as HTC Implodes

Wed, 22 May 2013 06:11:27 -0400

Two Global Companies Just Moved for Tax Reasons

Wed, 22 May 2013 05:41:06 -0400

Even as Apple faced a grilling from lawmakers over its tax avoidance schemes, two more companies revealed they would move jurisdictions to lighten their tax burden.

Top 50 Hedge Funds Ditch News Corp for Boeing

Wed, 22 May 2013 05:00:00 -0400

The world's largest hedge funds have bolstered their equity holding so far this year, increasing their exposure by over 5 percent and adding more to Boeing than any other stock, according to research firm FactSet.

Tax Evasion Dangerous for Europe: Schulz

Wed, 22 May 2013 04:27:57 -0400

Martin Schulz, president of the European parliament, has warned that revelations of tax evasion by major companies were leading to a loss of trust among the European public.

Google Glass, What's Not To Like? Quite A Lot Actually

Wed, 22 May 2013 04:15:55 -0400

As a marketing case study, Google Glass has been an act of genius. From the moment Glass was announced it was positioned as the must-have accessory for the new class of daredevil entrepreneurs. When a Glass wearer wasn’t solving the world's hardest problems, he was jumping out of airplanes or strutting down a fashion runway flanked by supermodels.

Boeing, Google Among Top Hedge Fund Holdings

Wed, 22 May 2013 03:30:00 -0400

DailyFinance.com: A look at which stocks the top 50 hedge funds own, without any need for comment (via Factset): The 50 largest hedge funds increased their equity exposure by over 5% in Q 1 2013 This quarter, Boeing Co. was the favorite allocation of the funds. The ... Read more

RPT-EU leaders look to end Apple-style tax avoidance schemes

Wed, 22 May 2013 02:56:37 -0400

* EU loses 1 trillion euros a year to tax avoidance, evasion

Cybercriminals Coming After Mobile Apps: Experts

Tue, 21 May 2013 19:04:27 -0400

We can thank the app economy for a boom in cyberattacks aimed at mobile devices, security experts said Tuesday at the CTIA Wireless conference in Las Vegas.

PayPal fires up new data center to support growth

Tue, 21 May 2013 18:45:28 -0400

SAN FRANCISCO, May 21 (Reuters) - PayPal has opened a new data center to help the online payment division of eBay Inc handle its rapid growth, President David Marcus said on Tuesday.

Skillz Invites Skilled Players to Compete for Cash

Tue, 21 May 2013 18:28:42 -0400

Serial entrepreneur Andrew Paradise is taking a stab at mobile game tournaments with his new company, Skillz.

Described as a multiplayer network for Android games (and eventually iOS games), Skillz allows users to gamble with their gaming skills. Players can enter various game tournaments and compete for cash prizes for