Questions and Answers from Today’s Chat

Last week you said we were going to scale into some of our RVBD calls. I am waiting for an update on when we are going to buy some. Today the stock tanked again by 9% in the morning and looks like its recovering a bit. Is this the right time to buy some long [...]

Don’t forget that you can meet me today at 2pm EST to chat with me on here…

Good hump day morning to you.  Or not. Those markets are taking it hard on the chin this morning and many of our stocks are lower too.  As much cash as we’ve raised in the last few days when the markets were at their highs, we’ve got some flexibility to navigate this sell off. Reasons [...]

Next week, I’ll be trading out one short for another…

One of my mentors used to say that traders who use exchange-traded funds are lazy. Because when you’ve done the “top down” analysis — looking at a sector and how it fits into the economy — then you’ve got your starting point. After that, you need to dig into the actual companies in that industry, [...]

Markets and answers for you NFLX questions…

The broader markets remain down and mired with mostly red stocks this morning, but the Nasdaq has turned and tech is leading an intraday rally upward.  At least for now.   I’ve continued selling down the positions as noted earlier and am now done.  I’ve gone from being aggressively long to having about 30% in [...]

So, just a heads up…

Good morning and welcome back to the jello-dome.  Breadth is down sharply once again this morning, with two stocks down for every one that’s up in the broader markets.  But with Google, LPS and a couple others working our way this morning, we’re up a bit.   I’m continuing to sell down my biggest long [...]

A daily recap and a first look at the LPS report…

It was a pretty ugly day masked by some flattish action in the broader indices.  I did sell down the stocks and calls I’d mentioned I was looking to and I still have a little bit more working on the same sell orders tomorrow. LPS is out and it’s pretty darn ugly, IMHO.  Recall that [...]

What is Cody planning to do with his LPS short into their report tonight…

Email from one of our subscribers: I wanted to send Cody an email regarding LPS and heading into the earnings report tonight. What is he planning to do with his short? – Well, I’m holding my short in this name steady.  LPS was one of the five worst performing stocks on the NYSE last quarter [...]

I’m looking to sell say…

Markets are flattish even as breadth is to the downside by nearly 3 to 1. As I’d noted last week, after this huge run we’ve had in the last month in the markets and especially in our portfolios, it’s time to step off the gas a little bit, even as we hold the bulk of [...]

Some perspective on the US debt ceiling and how it impacts our trading…

You guys panicked about the US debt impasse yet? Sigh. Let’s break down some relative numbers and see just how worried we should be about what the papers and TV are sure is the Most Important Economic Story of the Year. Remember the original TARP bill?  It was for less than $700 billion or so. [...]

Here’s a list of my positions in order from largest to smallest…

It has been one heckuva run.  The portfolio is up more than 50% since the June lows and, put simply, I’m going to back off the gas pedal a little bit.  I did sell down the Sandisk and the Google a bit more today.  But they are still both outsized and I’ll be continuing to [...]

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