Apple’s down again this morning and I’m not liking the trading action in that stock much at all now. There’s a relentless selling pressure that’s weighing down on the stock and the stock’s faded $20 since the pop after earnings. In some sense, I think the biggest culprit and reason for the selling is that […]
Trades for the week of April 23rd through April 27th
Here are my trades for the week of April 23rd thru April 27th: Common Stock: Stock Long or Short Action Date Initiated Time Initiated Price AAPL – Apple Long Buy 4/24/2012 9:30am $564.57 SLV – Silver Short Buy to Cover 4/24/2012 1:30pm $29.90 LYV – Live Nation Short Buy to Cover 4/24/2012 1:30pm $8.50 DBA […]
Six Web Bubble 1.0 Stocks and Why I’m Watching Them
The best way to get a macro view is to assimilate as much data as possible. I know oil traders who track the number of construction cranes sold worldwide as an input in their crude demand models. And sometimes the best data comes from companies that are leading indicators of the broader economy. That’s why […]
Trade Alert: Updates on FIO, and our paired trade of WDC and STX
Here’s what I wrote about FIO heading into its report: FIO’s another long-term bet that I plan to own for a long-time as long the market they are developing continues to grow and they continue to execute. This company is just so new and their product is still so new to the marketplace that it’s […]
Trade Alert: Fixed Happiness link and STX roll up
The link I used (which came straight from the “Share” on the video for the record) was broken. So here’s the correct link: http://www.youtube.com/watch?v=PsihkFWDt3Y How to Buy Happiness Now then, one other thing to note. I’m “rolling up” my STX calls this morning. That means the same thing it meant as I explained it in […]
Deep Thoughts with Cody Handy: Burning out, WDC is a “pair”, and how to buy happiness
(Cue cheesy instrumental music and waterfall backgound) You ever stop? I mean, just step back and catch your breath? Or is every day at the market a battle? When I ran a hedge fund for five years, I never missed a market open or a market close (except one day when I had no power […]
Chat Transcript for Apr 25, 2012: Psychological scars, health care fallacies, and much more
Here’s the transcript of today’s chat. See you next week at 2pm EST at https://tradingwithcody.com/chat for more Q&A where you can ask me anything. Hi guys, let’s rock n roll. And by the way, if you want your profile picture to show here in the chat room and in the side bar chat on TradingWithCody.com, […]
Some updated thoughts on the “App Bubble” (and don’t forget today’s chat!)
I saw something recently that blew my mind and I need to share with you. A venture capitalist having to defend making a 31200%. In two years. Seriously, read this post from Ben Horowitz , Netscape founder Marc Andreeseen’s investing partner. They were seed investors in Instagram, recently sold for $1 billion to Facebook. I’ll let @bhorowitz explain why he’s feels […]
Juniper and Apple updates
Good morning and welcome back. A couple quick hits here to start the day. I’m going to sell about 2/3 of my JNPR calls this morning for a double or so and hold onto the rest. The quarter was strong but guidance for next quarter was a bit soft and it’s not until the second […]
What’s done is done
Guys, Apple’s earnings report is up in about 25 minutes. The tension is tangible amongst tech traders and investors. I hope that you are not so leveraged to Apple and that you’ve been patient and that you sold some when it was above $600 as I repeatedly pleaded with you all to do…and that you […]
If a tree grows in the forest…
We got lucky on the Juniper pre-earnings gamble/trade and I’m glad we did it early this morning rather than missing it entirely by waiting til near the close…the company accidentally released earnings an hour before they were supposed to, which is after the market close. The stock has spiked up more than 10% from where […]
Trade Alert: If a tree falls…
Juniper was a tree long before it was the name of a router company. Get it? If a tree falls…? Sigh, not funny, huh? I tried. Anyway, I’m also buying some Juniper calls dated out into this summer, from June on, and with strike prices around $21 or so. The premiums are very cheap on […]
Trade Alert: Covering lots of shorts and selling one long
If you really want something in life you have to work for it. Now quiet, they’re about to announce the lottery numbers. – Homer Simpson It sure got ugly in a hurry in tech, didn’t it? Just about the time that “tech feels safe” was about the time that the market topped. And now, now that […]
Bat coming off the shoulder
Now we’re starting to get some pitches that I want to swing at as we start to re-build our longs. I also want to go ahead and sell the remainder of my APOL puts which expire this month so that I can “roll them down” and buy some longer-dated puts with lower strike prices for […]
Chat transcript from tonight’s special edition chat: Cycles, Hedging, Momentum and more
Here’s the transcript from tonight’s special night time Live Q&A. Q: Cody, great work and thanks again. Cody what is your comment and analysis on AAPL tomorrow 4-24-12, after closing. A: My comment is, I’m nervous as usual about Apple, because I’m always worried and nervous about my big positions. We’ve trimmed AAPL above $600 and if it’s […]
Netflix mistake and don’t forget tonight’s live chat at 7pm EST
Well, the numbers were mostly “in line” with estimates, but Netflix is down after hours hard. Unless they can explain this kind of stupid commentary in their earnings press release in some miraculous way tomorrow, I’ll lose on my calls tomorrow: We see nothing new or particularly concerning this quarter to date in our member […]
The analysis behind the Netflix trade
Netflix is hated, shorted, maligned, and down nearly 70% from its highs a few months ago. The bear case for the company, especially that of higher content costs and the brand/subscriber-growth hit that they took six months ago has been discussed endlessly in the mainstream media and on Wall Street. The biggest bulls in the […]
Trade Alert: Five stocks to buy and three specific trades I’m making right now
Good morning and welcome back to the dog run, where it’s always better to play after a big rain. Does this pullback in the markets, which has now hit the lower end of my 5-10% pullback target that I started looking when the markets had rallied to multi-year highs, count for a big rain? It’s […]
Headlines and trends to ponder into the weekend
Here area some headlines and some important trends that all of us should be pondering this weekend. Don’t Just Sit There – Marcin’s cut-throat advice, “Sell something!” Speaking of which… Weekly Sector Update: Cash is King and Are stocks really cheap vs. bonds? and Looking Skittish out There – I sure see a lot of […]
Updates on Sandisk, FFIV and Riverbed
Okay guys, I’m back in the saddle from my doctor’s appointment in Las Cruces — it’s rural New Mexico where I’m living right now and I had to spend a whole day on the road just to get my check up. Anyway, let’s talk stocks as we’ve had a couple companies report earnings last night. […]