JP Morgan. Oh, this is tough because we … only have this and Goldman as financials. It feels like it wants to go higher, but when it got to 170 we had to sell some stock. I mean, there was nothing really good happening. It got a little bump in the yield curve. But you need that much more of a bump. And I find the ownership rather obligatory – look, so it's down $2 today. That's the kind of thing that I am used to seeing. I mean, it can't maintain its gains. It's not Pepsi.
Anyway, all week I've been thinking of heaving the rest of it, but I want to wait until a higher level. [The] company is 1.5 plus in the 10-year; to power higher … 1.752 would be really what we need. And we hold it. I don't want you to buy it.
Disney. It’s got an upcoming analyst meeting. Till the Pfizer news – this happens at 143 the other day – till the Pfizer news. I would have taken profits in it, but now you can’t. You have to have a theme-park story in the barbell, right? It is the ultimate barbell keeper with Disney Plus to carry you over. I think Disney knows how to tell a story better than almost any company in the world.
Salesforce here is expensive. But isn't it always? I think the quarter will be excellent. I believe that we can't sell any more shares in this great company.
Same deal, by the way, with Alphabet, which is all about YouTube ads, particularly travel ads. You know, that's where they really get hurt. And the cloud. I think that Google – I did a piece last night about how the cheapest stock in the FAANG is Google, up 14 today. It's still down 60 points from its high. I’d buy that stock. You’re the fractional guys: Buy a fractional share.
Facebook. All right. Maybe more downside. I like it. I did aggressively. I mean literally, the company has been aggressive so I've been aggressive. They're taking share from TikTok. I think that makes sense. Like Salesforce we've made sales here. It will have to go appreciably higher before we let any more go.
The company has changed for the better because I see it as much more of an ambassador of small business than a predator, and frankly [Chief Executive Mark] Zuckerberg has learned. I think he's gotten better and I think he's taken this company with him.
Finally, there’s one that I'm upset about. The stock was up 3 today. I wanted to pull the trigger to make some sales and that’s Seagen, the old Seattle Genetics.
Here, I am perturbed because it had a disappointing quarter and then said its sales were down because people didn't want to go to the hospital to receive Seagen’s cancer drugs because they fear getting covid. That doesn’t make a lot of sense to me.
The insider selling has to abate. It's endless. The easy money has been made here and I am glad we sold a lot of stock higher. Look, Merck bought the stock at 200 and now it’s at 171. No sense in a panic now but I don't feel like buying any because of all that insider selling. It makes me sick to my stomach.