Busy week for old media munching on New Media

Interesting week, after last weeks much publicized deal dump of Microsoft’s acquisition of Yahoo, we get CBS swallowing CNET, Comcast chomped Plaxo, and today Conde Nast slurping up Ars Technia.

Some thoughts, as a shareholder of Yahoo, I would of made out well in the MS Yhoo deal, as a user of Yahoo, I feel better that they are still who they are. I don’t know if they could remain a leader in their space, especially upon hearing the news that Google past Yahoo today in popularity. So maybe it would of been a good deal, I have been using Yahoo as my start page since like forever, I don’t think I’ve ever looked at MSN other that for keeping tabs on what they were up to.

WTF, Comcast buys Plaxo, I haven’t done it yet but I will be deleting my Plaxo account. Comcast motto, “Be Evil” I’m outta there.

CBS and CNET. a struggling network picks up a struggling website, seems fitting. I never watch CBS and I hardly ever go to the CNET site anymore, the few time I have in the past couple of years the content was mediocre and the experience, poor. Good riddance.

Conde and Ars. disappointed, I really like Ars! I had become a daily reader of the site and even followed them on Twitter. Like CNET I never (well almost never) visited the Wired.com site. Just never found value in it, maybe it is because most websites that are derived from paper magazines suck, and it just kinda lives on in my brain, I will give the new Ars a chance I hope they don’t fuck it up.

Someone broke the stock market!

Well… it used to work, now it’s a fu*kin mess. I am a believer that it’s not as bad as it seems, the sub-prime is overblown and earnings from good companies like Intel are shot down. Get over it we are not in that bad of shape. Inflation, we have been living with inflated prices for the last 3 years, why now does the government decide that inflation is at a all time high, conspiracy. They must be short the market, it’s a way for them to capitalize. F them all, let the consumers, the amateurs show them the way, the economy is not as bad as “they” say. (it sure is a tough one…)

My Stock Positions

I decided that I should let everyone know what I’m buying, selling holding, just for fun

  • AAPL, Apple, My Favorite, I’ve been buying and selling this stock for years my current position is long at around $70
  • ADBE, Adobe, leap calls Jan $45 and Jan $50
  • AMNZ, Amazon, short at $62, yeah I’m losing and even though I like the company I think they are way overvalued
  • GOOG, Google, long at $370
  • JMBA, Jamba Juice, long at $10, not planning on holding this much longer
  • POWN, Pow Entertainment, I don’t know why I hold this, but the creator of Spiderman may have another hit left in him, plus they just signed a deal with Disney
  • GOOG, Google, leap calls Jan $600