Lots of cross currents out there today and the markets enter the final trading hours of the day here almost exactly flat, as each current cancels out an equal and opposite one. Lots of M&A, lots of proclamations of immediate economic collapse, more evidence of mass foreclosure fraud from the largest bank in the country, […]
I sold about a quarter of my…
I sold about a quarter of my SLV puts. I sold the puts with the highest strike prices so that now my natural stop loss on the remaining SLV position is lower. In other words, I sold a SLV puts with a $37 strike price and kept some puts with lower strike prices, averaging around […]
I am going to take some profits on…
Monday morning mergers to kick off the week and the mainstream media will focus on them as today’s catalyst. I’m not sure you can point a 0.21% intramorning rally in 500 of the largest companies in the world on news that Arby’s finally found someone will to takeover the roast beef joint and the S&P […]
Throughout this week, I’ll be highlighting these and other charts and outlining the best trades setting up right now for us…
By the look in your eyes you’d think that it was a surprise, But you seem to forget something somebody said, About the bubbles in the sea, and an ocean full of trees. — Neil Young Let’s run through some economic charts my all-star team of research associates put together for us and see how […]
Here are my current positions, from largest notional to smallest…
Until Monday, then, here are my current positions, from largest notional to smallest: Longs – Google Cypress Microsoft Cisco Corning Riverbed Nuance Celestica Ciena Apple Adtran Visteon DBA Shorts – Lender Processing Services SLV GLD Cablevision XLF Live Nation Thanks for reading, thanks for subscribing and I’ll see you next week.
Our bet against the biggest loser in the mortgage/robosigning/foreclosure-gate debacle…
It’s an ugly day for the markets but the biggest decliners on our sheets are, at least for now today, our two biggest shorts. Our bet against the biggest loser in the mortgage/robosigning/foreclosure-gate debacle, Lender Processing Services, is hitting yet new 52-week lows again, giving us some more outsized gains in the puts we’ve been […]
That said, I have added a lot of…
All right, well we’ve breached the DJIA 12k mark and are trading at 11980, and I’m stepping up the buying this morning. Common stock in Celestica and Cypress for now. Let’s be clear that I don’t know what will catalyze a turn back higher in this market and it could take days — or I […]
I still have the notes I took from a meeting I had with Jim Cramer back in September 2002…
Oh, so there are some days when the markets don’t just drip steadily lower all day. I’d almost forgotten what it was like to see the blinking lights in green and not red after six straight down days coming on top of five straight down weeks. I’m starting to think we’re really primed for a […]
After Tuesday’s steep fade into the close…
I posted this last night, but it didn’t go out through the email system, so let’s try this again: Sheldon: You handled yourself real well, Sonny. A lot of men would’ve choked, and we might have had a death or a multiple death on our hands. But you handled it. I respect that. Now don’t you […]
As for the broader markets, the bears and shorts are all…
Been a long time since we had such a broadly flat open, and we’ve only one stock in the entire portfolio that’s moved more than 1% total today. And that stock is Ciena, down 3% this morning, and I’m still not looking to add to that one yet. A few more days of letting it […]
I’ll be doing more buying if we crack lower…
Dog Day Afternoon (1975) http://www.imdb.com/title/tt0072890/ Sheldon: You handled yourself real well, Sonny. A lot of men would’ve choked, and we might have had a death or a multiple death on our hands. But you handled it. I respect that. Now don’t you try to take Sal. We’ll handle him. Just sit tight and you won’t […]
I’ll be doing more buying if we crack lower…
Sheldon: You handled yourself real well, Sonny. A lot of men would’ve choked, and we might have had a death or a multiple death on our hands. But you handled it. I respect that. Now don’t you try to take Sal. We’ll handle him. Just sit tight and you won’t get hurt. [Sheldon turns to […]
I’ve just bought a little bit more common stock in two of the names
I’ve just bought a little bit more of two of the names I’d mentioned earlier that are getting hit mainly because of Ciena’s bad news, which gives us an opportunity to continue to scale into some of our positions which are down in sympathy at lower prices. I just bought some Adtran common stock and some Celestica […]
Here’s me answering a subscriber question that I’m sure others of you are thinking…
Here’s me answering an email from a subscriber who is asking a question that I’m sure others of you are thinking: Hi Cody, I know this sounds naive but i need to know what do you mean when you say “I’ll be looking to scale into some more common in all of those today.” […]
I’ll be looking to scale into some more common in…
After yesterday’s steep fade into the close with the markets closing on their lows of the day, it’s not surprising to see the bears and shorts feel emboldened and working the sell orders today. And it’s not surprising to see the weakhanded bulls working their own sell orders today too. As for the portfolio positions, […]
Like I said, I’m staying laser focused on…
A few years ago Google released their Trends tool, which graphically shows the frequency of whatever search term you’re curious about. As an investor and analyst, I’ve found it’s a great tool for gaming marketplace trends. You guys know one of the marketplaces I’ve been looking to for huge growth, right? Apps, right? So let’s […]
I’m likely to short a little more of that one in coming days…
Well, it was a flattish day at the markets, but not for us as we had stocks and options up and down rather wildly throughout the intraday action. Cablevision was up nearly 7% at one point before fading 3% into the close. Stay tuned, I’m likely to short a little more of that one in […]
I wanted to share the analysis of three…
Since I published 50 Stocks for the App Revolution back in November and gave the $79 report in its entirety to you subscribers, the stocks in the report have more than doubled the mid-single digit returns of the broader markets. The App Revolution is kicking in and I wanted to go through each and every […]
I’m focused on finding the guys selling the picks and shovels to these companies…
With Apple’s formal entrance into what I’ve been callling the Cloud Revolution, we take another step closer towards the coming App/Cloud Stock Bubble that I’ve spent the last two years positioning for. iCloud and Apple? Everybody you know is trying to figure out what this whole “Cloud” thing is and every investor you know is […]
Trader’s thought of the morning…
The markets are trying to rally higher this morning though the bears are certainly going to make a stand at some point today and will test this testy rally. It’s been a steady drift lower for weeks now, and few bears and shorts have actually gotten as short as they wanted to be for this […]