{"id":42250,"date":"2018-03-19T11:28:40","date_gmt":"2018-03-19T15:28:40","guid":{"rendered":"http:\/\/www.technologyinvestor.com\/?p=42250"},"modified":"2018-03-19T11:28:40","modified_gmt":"2018-03-19T15:28:40","slug":"faanng-is-being-whacked-today-its-a-temporary-thing-sit-tight","status":"publish","type":"post","link":"https:\/\/www.technologyinvestor.com\/?p=42250","title":{"rendered":"FAANNG is being whacked today. It&#8217;s a temporary thing. Sit tight."},"content":{"rendered":"<p style=\"text-align: left;\">Facebook is being whacked today &#8212;\u00a0\u00a0the first trading day since it suspended the firm Cambridge Analytica\u00a0for user data violations.\u00a0The firm had ties to the 2016 Trump campaign. Cambridge\u00a0 clearly abused Facebook&#8217;s data.<\/p>\n<p style=\"text-align: left;\">Wait a little. Pick up some Facebook at bargain prices. It&#8217;s already down by 6.4% today. That&#8217;s a big drop.<\/p>\n<p style=\"text-align: left;\">Facebook is the best online marketing vehicle. As Google is to product marketing, so Facebook is to demographic marketing. Which is why it appealed to Cambridge Analytica.<\/p>\n<p style=\"text-align: left;\"><span style=\"color: #0000ff;\"><strong>Sell Boeing.\u00a0<\/strong><\/span><\/p>\n<p style=\"text-align: left;\">Here&#8217;s my simple logic: It&#8217;s gone up a lot. Here&#8217;s the last two years.<\/p>\n<p style=\"text-align: left;\"><a href=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2018\/03\/BATwoYears.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-42269\" src=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2018\/03\/BATwoYears.jpg\" alt=\"BATwoYears\" width=\"517\" height=\"194\" srcset=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2018\/03\/BATwoYears.jpg 517w, https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2018\/03\/BATwoYears-300x113.jpg 300w\" sizes=\"auto, (max-width: 517px) 100vw, 517px\" \/><\/a><\/p>\n<p style=\"text-align: left;\">It&#8217;s bearing the brunt of our trade war.\u00a0 In the last month it&#8217;s down 12% from its high.<\/p>\n<p style=\"text-align: left;\"><a href=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2018\/03\/BAOneMonth.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-42268\" src=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2018\/03\/BAOneMonth.jpg\" alt=\"BAOneMonth\" width=\"528\" height=\"198\" srcset=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2018\/03\/BAOneMonth.jpg 528w, https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2018\/03\/BAOneMonth-300x113.jpg 300w\" sizes=\"auto, (max-width: 528px) 100vw, 528px\" \/><\/a><\/p>\n<p style=\"text-align: left;\">It looks precarious.<\/p>\n<div dir=\"ltr\" style=\"text-align: left;\">\n<div class=\"gmail_default\"><span style=\"color: #0000ff;\"><strong>Why you should never invest in biotech.<\/strong><\/span><\/div>\n<div class=\"gmail_default\"><\/div>\n<div class=\"gmail_default\">For one. It just takes too long. Steve Turner, erstwhile CEO and founder, put his life savings and 12+ years of his life into Protea Biosciences. He was always &#8220;up&#8221; when I spoke to him over the years.\u00a0Yet when the company went broke last December, he never called or emailed. Embarrassed I guess.<\/div>\n<div class=\"gmail_default\"><\/div>\n<div class=\"gmail_default\">Last week, I got a notice from the bankrjptcy court. Did Protea owe me any money?<\/div>\n<div class=\"gmail_default\"><\/div>\n<div class=\"gmail_default\">I called Steve, his landline, his cell phone and his email have been disconnected.<\/div>\n<div class=\"gmail_default\">Sad, but common to biotechs. Far more of them fail than ever make it.<\/div>\n<\/div>\n<div class=\"gmail_default\" style=\"text-align: left;\">With biotechs it&#8217;s easy to lose 100% of your investment. I just did.<\/div>\n<div dir=\"ltr\" style=\"text-align: left;\">\n<div class=\"gmail_default\"><\/div>\n<div class=\"gmail_default\">After all these years of messing with biotechs, I&#8217;ve concluded I simply don&#8217;t have the skills to figure which one is going to make it &#8212; and neither do you, or anyone else.<\/div>\n<div class=\"gmail_default\"><\/div>\n<div class=\"gmail_default\">There are too many\u00a0 &#8220;gotchas&#8221; in biotech &#8212; not the least of which is all those years of patient testing and the FDA&#8217;s irrationality.<\/div>\n<div class=\"gmail_default\"><\/div>\n<div class=\"gmail_default\">Protea was different. It made equipment to help others discover the breakthroughs. But it still didn&#8217;t make it.<\/div>\n<div class=\"gmail_default\"><\/div>\n<div class=\"gmail_default\">Steve, I know you&#8217;re out there somewhere and feeling just plain awful. Call me. I&#8217;ll cheer you up. We&#8217;re still alive. The sun is shining and the kids are doing well.<\/div>\n<\/div>\n<p style=\"text-align: left;\"><span style=\"color: #0000ff;\"><strong>Reminder: Freeze these five accounts<\/strong><\/span><\/p>\n<p style=\"padding-left: 30px; text-align: left;\">\u00a0+ Chex Systems. Click <strong><b><a href=\"https:\/\/www.chexsystems.com\/web\/chexsystems\/consumerdebit\/page\/securityfreeze\/placefreeze\/!ut\/p\/z1\/04_Sj9CPykssy0xPLMnMz0vMAfIjo8ziDRxdHA1Ngg18_D1CjAwcXV193I2NvA3dLY31w_EqcDXUj6JEf6AJifrdA_zdgAp8_SyCQ32MDAzMKbMfqACsHwdwNADqj8JrBSgE8CoAeRFVARY_EHJFQW5oaGiEQaZnuqIiAPFFG7E!\/dz\/d5\/L2dBISEvZ0FBIS9nQSEh\/\">here.<\/a>\u00a0<\/b><\/strong><\/p>\n<p style=\"padding-left: 30px; text-align: left;\">\u00a0+ Experian. Click\u00a0<a href=\"https:\/\/www.experian.com\/freeze\/center.html\"><strong><b>here.<\/b><\/strong><\/a><\/p>\n<p style=\"padding-left: 30px; text-align: left;\">+ TransUnion. Click<a href=\"https:\/\/freeze.transunion.com\/sf\/securityFreeze\/landingPage.jsp\">\u00a0<strong><b>here.<\/b><\/strong><\/a><\/p>\n<p style=\"padding-left: 30px; text-align: left;\">+ Equifax. Click\u00a0<a href=\"https:\/\/www.freeze.equifax.com\/Freeze\/jsp\/SFF_PersonalIDInfo.jsp\"><strong><b>here.<\/b><\/strong><\/a><\/p>\n<p style=\"padding-left: 30px; text-align: left;\">+ Innovis. Click\u00a0<strong><b><a href=\"https:\/\/www.innovis.com\/securityFreeze\/index\">here.<\/a>\u00a0<\/b><\/strong><\/p>\n<p style=\"text-align: left;\">Freezing these will save your account being hacked &#8212; like what happened with Equifax.<\/p>\n<p style=\"text-align: left;\">There are two downsides to freezing your credit reporting:<\/p>\n<p style=\"text-align: left; padding-left: 30px;\">First, you &#8216;ll have to unfreeze them if you want to sign up for yet another credit card you don&#8217;t need.<\/p>\n<p style=\"padding-left: 30px; text-align: left;\">Second, some online companies (e.g. Uniqlo) may not honor your credit cards. Hence, use PayPal when you buy from them.<\/p>\n<p style=\"text-align: left;\"><span style=\"color: #0000ff;\"><strong>Don&#8217;t do stupid<\/strong><\/span><\/p>\n<p style=\"text-align: left;\">Don&#8217;t do something you haven&#8217;t done in eons &#8212; like ride a bicycle.<\/p>\n<p style=\"text-align: left;\">You&#8217;ll fall off your bicycle, wreck your\u00a0back, break an arm etc. It won&#8217;t be pretty.<\/p>\n<p style=\"text-align: left;\">I have friends who did.<\/p>\n<p style=\"text-align: left;\"><span style=\"color: #0000ff;\"><strong>Useful stuff<\/strong><\/span><\/p>\n<p style=\"padding-left: 30px; text-align: left;\">+ To quickly cool a drink, wrap a wet paper towel around it and put it in the freezer for a few minutes.<\/p>\n<p style=\"padding-left: 30px; text-align: left;\">+ If you buy an emergency generator to back up your electricity, run the generator at least once a week. Check that it has fuel. Check that the fuel is new, or has an additive that keeps it new, and useable. Solar and batteries may prove an alternative. It&#8217;s getting cheaper and payback is getting shorter.<\/p>\n<p style=\"text-align: left;\"><span style=\"color: #0000ff;\"><strong>This is Whitney<\/strong><\/span><\/p>\n<p style=\"text-align: left;\"><a href=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2018\/03\/Whitney.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-42252\" src=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2018\/03\/Whitney.png\" alt=\"Whitney\" width=\"250\" height=\"420\" srcset=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2018\/03\/Whitney.png 250w, https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2018\/03\/Whitney-179x300.png 179w\" sizes=\"auto, (max-width: 250px) 100vw, 250px\" \/><br \/>\n<\/a>On Friday, she delivered three Amazon boxes to us. She doesn&#8217;t work for UPS, USPS or FedEx. She works for Whitney. She delivers freelance for Amazon. When she needs more money, she drives for Uber. She&#8217;s part of the new freelance economy. Also called &#8220;sharing&#8221; economy, viz Uber and Airbnb.<\/p>\n<p style=\"text-align: left;\">I have no idea how our Bureau of Labor Statistics (BLS) keeps up with people like her.<a href=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2018\/03\/Whitney.png\"><br \/>\n<\/a><\/p>\n<p style=\"text-align: left;\"><span style=\"color: #0000ff;\"><strong>Cellphone stuff<\/strong><\/span><\/p>\n<p style=\"padding-left: 30px; text-align: left;\">+ Your cellphone will work better if you reboot it <strong>every<\/strong> time you get off a plane in a new city.<\/p>\n<p style=\"padding-left: 30px; text-align: left;\">Do that by turning the power off, waiting 20 seconds, then turning it back on. You can also turn on airplane mode,\u00a0wait, then turn it off.<\/p>\n<p style=\"padding-left: 30px; text-align: left;\">+ Your cell phone will work better if you turn on Wi-Fi Calling. Go to Settings\/Phone\/Wi-Fi Calling. Turn it on and follow the bouncing ball.<\/p>\n<p style=\"text-align: left;\"><span style=\"color: #0000ff;\"><strong>Travel Stuff<\/strong><\/span><\/p>\n<p style=\"padding-left: 30px; text-align: left;\">+\u00a08 U.S. National Parks You Need to See in Your Lifetime. Click <strong><a href=\"https:\/\/www.afar.com\/magazine\/8-us-national-parks-you-need-to-see-in-your-lifetime?inspiration=outdoor-adventure&amp;sub_inspiration=national-parks&amp;email=aGFycnlzbGFja0B0ZWNobm9sb2d5aW52ZXN0b3IuY29t&amp;utm_source=Sailthru&amp;utm_medium=email&amp;utm_campaign=031718&amp;utm_content=A&amp;utm_term=Daily%20Wander%20Newsletter\" target=\"_blank\">here.<\/a>\u00a0<\/strong><\/p>\n<p style=\"padding-left: 30px; text-align: left;\">+ 20 Best Things to do in Sydney, Australia. Click <strong><a href=\"https:\/\/www.cntraveler.com\/gallery\/best-things-to-do-in-sydney?mbid=nl_031618_Daily&amp;amp;CNDID=38760355&amp;cntnl=0&amp;spMailingID=13134114&amp;spUserID=MTM4MzM0MzUzODgxS0&amp;spJobID=1361508147&amp;spReportId=MTM2MTUwODE0NwS2\" target=\"_blank\">here.<\/a>\u00a0<\/strong><\/p>\n<p style=\"text-align: left;\"><a href=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2013\/07\/HarryNewton.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-21218\" src=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2013\/07\/HarryNewton.jpg\" alt=\"HarryNewton\" width=\"200\" height=\"199\" srcset=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2013\/07\/HarryNewton.jpg 200w, https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2013\/07\/HarryNewton-150x150.jpg 150w\" sizes=\"auto, (max-width: 200px) 100vw, 200px\" \/><\/a><br \/>\nHarry Newton, who&#8217;s not excited about today&#8217;s market. FAANNG is taking it on the chin. FAANNG is Facebook, Amazon, Apple, Netflix, Nvidia and Google.<\/p>\n<p style=\"text-align: left;\">Cramer is right: The two key investing themes today are <strong>on-line <\/strong>(FB, GOOGL, AMZN) and the<strong> cloud <\/strong>(AMZN, GOOGL, Netflix). On-line and cloud fundamentals remain ultra-strong, though not today. Yuch.<\/p>\n<p><script>\/\/ <![CDATA[\n(function(i,s,o,g,r,a,m){i['GoogleAnalyticsObject']=r;i[r]=i[r]||function(){\n  (i[r].q=i[r].q||[]).push(arguments)},i[r].l=1*new Date();a=s.createElement(o),\n  m=s.getElementsByTagName(o)[0];a.async=1;a.src=g;m.parentNode.insertBefore(a,m)\n  })(window,document,'script','\/\/www.google-analytics.com\/analytics.js','ga');\n\n  ga('create', 'UA-45200733-1', 'technologyinvestor.com');\n  ga('send', 'pageview');\n<\/script>\n\n&nbsp;\n\n&nbsp;\n<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Facebook is being whacked today &#8212;\u00a0\u00a0the first trading day since it suspended the firm Cambridge Analytica\u00a0for user data violations.\u00a0The firm had ties to the 2016 Trump campaign. Cambridge\u00a0 clearly abused Facebook&#8217;s data. Wait a little. Pick up some Facebook at bargain prices. It&#8217;s already down by 6.4% today. That&#8217;s a big drop. Facebook is the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-42250","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts\/42250","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=42250"}],"version-history":[{"count":22,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts\/42250\/revisions"}],"predecessor-version":[{"id":42276,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts\/42250\/revisions\/42276"}],"wp:attachment":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=42250"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=42250"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=42250"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}