Google and Cambridge renew multi-year partnershipCambridge University and Google have forged a renewed, multi-year partnership aimed at funding and conducting groundbreaking research in the realm of artificial intelligence.
Their focus will be directed towards pressing concerns such as climate, healthcare, security, and the ethical deployment of emerging technologies.
Michele Donelan, the Secretary of State for Science, Innovation, and Technology, has officially confirmed this:
"Artificial intelligence can offer us enormous opportunities - growing the economy, creating new jobs and making lives longer, healthier and happier for British people."
Cambridgeanalytica
Facebook: the kindest dip you ever sawWhat's up guys, YoungShkreli in the building
There's been a lot in the news about Facebook lately with it being a FAANG stock dropping 20ish% in the last few days following the earnings report, so I thought I'd talk about it with you.
Can we all just talk about how even though Facebook has dropped 20% it hasn't even broken the major upward trendline? I wish every stock I ever owned went so high that a 20% retracement didn't even look remotely scary.
That brings me to my next point: what's scary isn't what's on the charts, it's what is not on the charts. What am I talking about? A real dip, one that actually breaks trend lines and has people calling for the death of Facebook.
If you look at the fundamentals, Facebook is trading at a pe of about 24 and has a market value of about 10x its current assets. This is by no means a call that Facebook is going down tomorrow, it just tells me that it would be completely reasonable for it to fall CONSIDERABLY more than what it has in the past few days.
SUMMARY:
If you are considering buying this dip based on technicals, I wouldn't recommend it: there will be other opportunities in the coming years. Remember: investing is a game that is played over a lifetime. Don't just jump into a stock because it drops a lot, employ more logic than that. Yes, your risk is less than it would've been at higher levels, but what are the odds that you actually bought the low? Very slim. I very well could be wrong and this could be the bottom, but that's not the point. The goal is to be able to invest and be able to write a 20 page essay explaining why you did so. There will be better opportunities guaranteed so play it safe if you are an INVESTOR.
Good luck bros,
Young Shkreli
Facebook_(NASDAQ:FB)_May_13_2018Facebook has been one of the top performing stocks of 2017 and is part of the FANG group of companies that represent the best of the tech sector. Since the disclosure of the activities of Cambridge Analytica, the stock has taken some beating before finally finding the path to recovery.
Currently, the stock is trading within a bullish channel pattern. However, I expect stock price to come down in the near term to about $180 levels. This is because the bounceback has been too severe and the initial heavy volume that was evident during the price drop from the Cambridge Analytica incident has been tapering off. As shown by MACD, the gap between the MACD and signal line is diverging which further lends to the burden of proof that a price drop may be coming. Any indication of price drop may result in some investors taking profits which may prompt even more investors to sell off their securities.