I’m continuing to work on building up the Google position. I just bought some longer-dated, out-of-the-money Google calls. I’m looking going out to December 2011s expiration dates with $550-600 strike prices. I’ve already started buying some and will likely work these orders most of today. Here’s an expanded version of some notes I passed along […]
A flat open, and I mean flat, as the DJI…
A flat open, and I mean flat, as the DJIA’s so far ranged somewhere between being up zero and one quarter of one percent on the day. In rather non-shocking news, Riverbed and Silver are the biggest movers of the day. No surprise given how volatile they are typically anyway. Most profitable this morning is […]
It’s just flat out ugly out there in the…
It’s just flat out ugly out there in the stock markets today, with higher-beta tech leading to the downside. (Higher-beta means that the stocks are more volatile on most days than the broader stock market indices). I’ve been steadily putting money to work today, as I’d noted I would earlier. I’ve purchased Celestica and Nuance […]
One of our biggest shorts, LPS is in big…
One of our biggest shorts, LPS is in big trouble. Again. Still. Lately. Late during Friday’s trading hours, this bombshell news hit, sending the stock down nearly 7%: Former LPS Employees Allege 30% to 78% Error Rate in Borrower Mortgage Records, Contradicting Banker/Regulator Cover-Up One investor said that every time he looked at corporate misconduct, […]
It’s a very ugly open this morning…bec…
It’s a very ugly open this morning…because of new concerns that Spain and Italy are to join Ireland and Greece as problem children of the EU…again. Each and every time we’ve seen the markets get hit badly here in the US over some concerns about some smaller countries in Europe who are going to bail […]
Here’s a list of my positions, in approx…
Here’s a list of my positions, in approximate order from largest to smallest, though the variations between relative sizes are decreasing as time wears on and I get these longer positions built up. We’ll have some shorter-term and newer name trades in coming weeks to complement these longer-term positions. Longs – GLW Nuance Riverbed […]
Using the weakness as an opportunity to …
Using the weakness as an opportunity to scale into some longs as I’d noted I wanted to earlier. Google, Adtran and Nuance common are what I’m buying. Easy does it, I am getting closer to having these positions the relative sizes I want them to be here after 75 days of re-building this portfolio from […]
The markets are opening slightly lower t…
The markets are opening slightly lower this morning and there’s little in the way of catalysts in the news today. That said, we might not need a fundamental catalyst in addition to the strong earnings season we just made it through to pop this market. Take a look at a three month DJIA chart: You […]
Well, it’s indeed to bad I couldn’t get …
Well, it’s indeed too bad I couldn’t get ahold of some LNKD to short when it was at $120 a share as I’d noted earlier I was trying to. The stock’s fallen 25% intrady from those levels and is now trading at $94. No looking back now, but I will note for any of […]
After having flagged them as I was doing…
After having flagged them as I was doing them for you dear subscribers, I’ve still got my GLD and SLV puts which have some big profits on them. I just added to the hedge of those a by adding some more DBA. Here’s what the DBA profile is: The investment seeks to track the price […]
A couple weeks ago on the day it came pu…
A couple weeks ago on the day it came public, Stacey Delo asked me what I thought about buying RenRen. I told her, and I quote: “Run the other way from Renren.” I went further in my article on the matter too — “I wouldn’t touch the stock with a ten foot pole. I don’t […]
With LinkedIn.com now over $120 a share …
With LinkedIn.com now over $120 a share (it was priced at $45 last night and opened at $80 today!), I just checked to see if I could locate a borrow on some shares to see about shorting some for a short-term trade. Alas, I can’t get my hands on enough of this brand new issue […]
So LinkedIn.com is coming public and hol…
So LinkedIn.com is coming public and holy cow is the mainstream media hyping the heck out of it. Every major news outlet is breathlessly explaining how the IPO was originally priced in the low $30s last week, then upped to the mid $40s earlier this week and how it priced at the highest end of […]
It’s a nice rally with lots of gainers a…
It’s a nice rally with lots of gainers and few decliners this morning as rollover off the downhill side of the trading week. The big story of the morning is the Linked.com social network IPO. The media is hyping it much more than it needs to be and now the stock is going to […]
Nice up day for the markets and for our …
Nice up day for the markets and for our portfolio. Steady as she goes for now. Let’s hit today’s big movers and a note on each: Cypress — up 5% today. It’s been a steady climber for a long time now and has been in pause mode for a few weeks. Look at the chart […]
I first started flagging Adtran for subs…
I first started flagging Adtran for subscribers back when it was almost exactly half of the price it is right now. The stock has come down from $47 a couple months ago and has been trading in the very high $30s to the low $40s since. The company is scrambling to meet demand from carriers […]
It’s a flattish to higher open, but we’v…
It’s a flattish to higher open, but we’ve got our two most volatile tech names of late, Cypress and Riverbed, both up more than 3%. Recall yesterday that I wrote the following about Riverbed: Long-time subscribers know that I have been pounding the table on this one since it was in the low teens, but […]
I’ve used both common stock and call opt…
Here’s the story. Back in 1997, right after Steve Jobs took back over the CEO job at Apple, Michael Dell told a bunch of tech investors that if he were in charge of Apple he would, “‘d shut it down and give the money back to the shareholders.” Then in 2006, Steve Jobs Jobs sent […]
Here’s a random email I got today about …
Here’s a random email I got today about an article full of what have turned out to be some very profitable predictions and principles for investors that I wrote a few years ago. It’s remarkable how many emails I get from random people about articles I’ve written, three or five or even ten years ago. […]
I bought some more Google common this mo…
I bought some more Google common this morning as I’d noted. I’m not forcing any buys, but you’ll notice I’m following the playbook that has been working so well for us — that of buying/covering on big down swings in the broader market and selling/shorting on big up swings in the broader market. It’s not […]