We’ve got a pretty wildly volatile morning of trading going on as the markets have tried to rally, tried to fade, and now whip back and forth somewhere in between. I’m as ready for earnings next week as my niece was for last weekend’s Aspenfest parade here in Ruidoso. She got lots and lots of […]
Here’s a list of my positions in order of size from largest to smallest notional positions
Nice rally again today. Don’t forget to trim a little bit if you were hurting at the lows earlier this week, which at 12% and 3 days’ action between us and there, sure seems like a long way. It’s not. Don’t get complacent. Here’s a list of my positions in order of size from largest […]
Good morning and welcome back to the construction site
Good morning and welcome back to the construction site, where you better wear a hard hat and stay alert. It’s another rally, with tech leading again, this morning. Quite a move from the lows earlier this week, when the rest of the world seemed to be panicking even as we were steadily buying. Nasdaq is […]
Top 10 Best Apple Commercials of All Time
With Steve Jobs’ passing, I first want to extend prayers and condolences to his family and loved ones. I also wanted to pause for a moment to reflect on some of his and his greatest company’s greatest hits. I personally want to thank Steve Jobs and the crew at Apple for helping me in my […]
Thoughts on Steve Jobs’ passing and his 10 best presentations of all time
With Steve Jobs’ passing, I first want to extend prayers and condolences to his family and loved ones. I also wanted to pause for a moment to reflect on some of his and his greatest company’s greatest hits. I personally want to thank Steve Jobs and the crew at Apple for helping me in my […]
Europe crisis has created an exceptional investment opportunity and other must-reads
And don’t forget to meet me in the chat room on TradingWithCody.com/chat for this week’s anything-goes Q&A at 2pm EST. Be there or be square. Here’s what I was reading and thinking about today when I wasn’t working on all the stuff that goes into making this magic happen everyday. Caught Short on the Europe […]
Market open and a couple housekeeping items
Tech is up and leading the way higher again early this morning and the Nasdaq is now up nearly 7% from where it was yesterday at 3pm. That is likely either one hell of a bear market rally or else a potential significant near-term bottom. Feet to fire, I’d look for the latter and that […]
More on the idea behind my BAC and GS trading longs
One of my oft-repeated phrases for subscribers to you guys is that “contarianism is a way of life”. I mean, if you’re going to bother to try to be contrarian, then you really do have to be willing to challenge not just just the trends in the markets, but you have to continually be willing […]
Everything you need to know about the Occupy Wall Street movements
For today’s links, I’m going to continue covering and even do an entire links post here about the Occupy Wall Street and similar movements. These people rightly angry about how Wall Street got bailouts and more importantly they’re pissed that we continue to spend trillions of dollars annually propping up the banks who no longer […]
Getting lucid. And locking in the rest of the gains from AMR
Last night my parents said they’re leaving for their trip to Australia next Tuesday. I was like, “In three days?!” Everybody laughed and then I realized it was only Monday. The days run together sometimes when you’ve been as focused and working as hard as I have been lately. I stepped away from my computer […]
Now selling half the AMR for a 20% plus gain
AMR has spiked from the lows where we were buying it and is now trading near $2.20 (it hit $2.25 and is trying to pullback now). I’m selling half position now and locking in a good bit of the 20% plus gain I just got in this stock over the last hour or whatever it’s […]
A very risky, three day trade…of a penny stock
Want to know an exception for a professional money manger to the “Don’t ever trade a penny stock” rule that I truly believe the mass of investors should listen to? When a huge company’s stock is halted for bankruptcy and then reopens. AMR is halted, reported to be in bankruptcy. I’m taking a tiny bit of […]
Why you should avoid penny stocks
The two questions I am asked about the most by people on the streets, in the grocery store and even stuck in traffic next to each other, are: Should I be invested in penny stocks? Should I be invested in the Iraqi dinar? I always answer those two questions in just about the exact same […]
Stay focused, make sure you’ve got some cash to work with and that you’re feeling scared heading into earnings
I’ve had some intermittent Internet issues off and on all morning (try saying that five times fast). But we’ve got our backups now finally backing us up, so I’m back. Let’s jump in. It’s a rather flat start to the week, despite the newspapers writing headlines like “it’s a flat start to the week despite […]