There’s been a clear pattern, if you’ve been paying attention, of the markets rallying into the weekends and then again on Mondays when there’s been no “Europe Lehman moment”, only to sell off, usually to lower lows, during the middle of the week. It will be interesting to see if we can overcome that pattern […]
Here’s a list of my positions in order of size from largest to smallest…
Here’s a list of my positions in order of size from largest to smallest notional positions (which means that you give some weighting to options that gets bigger if the options get further in the money and that gets smaller ifthe options get further away from being in the money). I’ll explain the concept of […]
Might the so-called “Worst-case scenario” actually be the BEST-case scenario?…
It’s S’s over N’s to start off the week. Most traders seem relieved about whatever the latest wealth redistribution from the masses to the banking system that the powers that be in the EU have come up with. The Germans complain that they’re bailing out Greece, but the only people being bailed out are the […]
On platinum, copper, silver and solid gold, baby!…
Couple quick notes. I’ve arranged a deal with WallStreetAllStars.com to get all of you guys subscribing to TradingWithCody.com a one month free trial to a Platinum Membership. And because I also negotiated a deal that they’ll give you two months every year free — the last month of the first year too. You can […]
Transcript to this week’s chat: Ratings for MS, RVBD, WFC, AAPL, BIDU, and a dozen others..
Here’s the transcript to this week’s “Stocks-Only” chat on TradingWithCody.com. See you next week back at TradingWithCody.com/chat where I’ll answer anything you ask me. Q: Hi Cody! Thanks for the profitable service! Does MS stand out in the graveyard that is the financial space? I noticed some significant insider buying around the $22 level…or is […]
Revolution Investing Links: Blowing up, ETFs, Bracing from Brutal earnings and more…
Here’s some of what I’m reading and thinking about today: Thinking About What Might Blow Up – David Merkel helped me make the decision to get out of my hedge fund entirely in late 2007 when the markets were topping. He predicted the US Credit Crisis and the current Sovereign Nation Crisis in the article he’s […]
No rest for the wicked as Grandpa Willard used to say…
The wheels haven’t fallen off the cart, at least not yet this morning. The markets are up gently after rallying from a pretty ugly open. I’m not in any rush, but I do plan on buying some Cypress common stock this morning. Not calls, just common. Not rushing this, as you guys know. Back in […]
The one constant through all these years…
Terence Mann: Ray, people will come Ray. They’ll come to Iowa for reasons they can’t even fathom. They’ll turn up your driveway not knowing for sure why they’re doing it. They’ll arrive at your door as innocent as children, longing for the past. Of course, we won’t mind if you look around, you’ll say. It’s […]
Links and debates and discussions and deep thoughts…
Here’s what I’m reading and thinking about this morning. 13 cents away from a problem – Bruce is one of the best financial bloggers on the planet, frankly, and I read him every day. He’s more bearish about China in the near-term than I am, but this post is more about Bank of America and […]
Your friendly neighborhood spiderman…
Spidey is hanging on to the Vulture’s leg as he flys up high, but Vulture shakes him off. The Vulture: Say hello to the sidewalk for me, Spider-man!! Spidey: You talk to sidewalks? You’re even crazier than you look! – Spiderman Comics Monday morning, with the DJIA at about 11,450 or so at I’d written […]
Trading updates…
Okay, as I’d said I would I’ve done a couple new trades today. I’ve sold my Ciena entirely. And I’ve been bidding all day on some Bank of New York (BK) puts dated out in early 2012 that are slightly out of the money, say from $16 to $19 or so. Gotten some filled and […]
Revolution Investing Links: On Rebecca Diamond, Bill Black, Copper and more…
Other than one very strangely angry comment on my blog yesterday (from someone who I would guess was a Netflix long and in a lot of pain and taking it out on me because I wrote about Netflix) I continue to get a lot of great feedback and click thrus on these “must-read articles” every […]
Removing one long entirely and adding a new short…
I want to make a move or two in the portfolio — one sell and a new short position. I wish I had done this when we had huge gains in it and the stock was still over $20 a share, but it’s time to do it now. We’re selling the Ciena. Ciena’s biggest problem […]
Who’s more scared right now, the bulls or the bears?
A bit of reversal in the markets today took the Nasdaq from positive to negative and there’s a lot of red out there. That said, I sure don’t sense any panic from the bulls. More like most bulls are feeling less than long enough and that’s got them willing to buy the dips for now. […]
Here’s what I’m reading today and what I’m thinking about each topic…
Here’s what I’m reading today and what I’m thinking about each topic. Wall Street All-Stars on Netflix – I’m kicking myself for not having gotten short this thing after it cracked last week. The newsflow had turned negative, the stock chart was busted and that stupid letter from the CEO was the kicker. And I’d […]
Speed’s just a question of money…
Grease Rat: Like the sign says, “Speed’s just a question of money. How fast you wanna go?” – Mad Max (1979) Good morning and welcome back to the sand dunes, where water’s worth more than gold. Turns out the markets survived another round of “Greece contagion” and it’s trying to really pop through to some new […]
But being as this is a .44 Magnum…
Harry Callahan: I know what you’re thinking. “Did he fire six shots or only five?” Well, to tell you the truth, in all this excitement I kind of lost track myself. But being as this is a .44 Magnum, the most powerful handgun in the world, and would blow your head clean off, you’ve got […]
The good, the bad, the ugly…
Blondie: [counting Angel Eyes’ men] One, two, three, four, five, and six. Six, the perfect number. Angel Eyes: I thought three was the perfect number. Blondie: I’ve got six more bullets in my gun. – The Good, The Bad, The Ugly The markets are down ugly to start the day. You want to guess […]
Reading with Cody: Today’s links…
Here’s some of what I’m reading this morning along with my thoughts on each topic. An Explanation and Some Reflections – I know a few folks over at Netflix, including Reed Hastings, the CEO and author of this strangely apologetic but still arrogant “reflection” and I can’t tell you what the heck he’s doing with […]
I’ll leave you with my positions from biggest to smallest to close out the week…
It’s been a great week for the markets and the portfolio (knocking on wood) and I’ve worked my butt off this week and am exhausted. I’m not going to leave for lunch but will finish out the day in front of the computer doing some more homework, reading, analyzing and what not. Unless something dramatic […]