Tuesday, November 10, 2015
All Out Of Google
One of the most interesting things we will probably hear about over the next few days is the fact that FMR LLC (Fidelity) sold 17,385,009 shares of $GOOGL and 19,333,678 shares of $GOOG, their entire stake. I find it amazing that they sold their entire stake, GOOGLE is a big cap name that just recently hit an all-time high, an SP500 component, liquid growth name that allows big institutions to park big money. Do they know something?
"Frank began his career on Wall Street nearly two decades ago. He worked alongside some of the most respected traders on the street. He quickly realized his true talents were in his ability to interpret market technicals as well as behavior. He was a full-service broker until 2011 when he decided that his no-nonsense approach and expertise was better suited as an independent rather than under the reins of the brokerage business. Since his transition, Frank founded Zor Capital LLC and had successfully managed the portfolios of high net worth individuals. Outside of the cliche cookie cutter approach. His achievements and advice have been featured by CNBC, FOX Business, Yahoo Finance, Benzinga, Wall Street Journal, and CNN Money. Frank is widely regarded as an influential trader in the industry."