I’ve written before about how people thought I was nuts when I was writing about how I was buying Apple at $7 per share back in 2003, even though at that time, as I put it for my subsribers, “Apple was trading for less than the cash it had on the balance sheet, making it […]
Our short, Lender Processing Services, i…
Our short, Lender Processing Services, is in the news again. And not for being a good citizen…From NakedCapitalism: FDIC Filed Suit Against Lender Processing Services for $154 Million Ooh, this is getting fun. Peter W found this tidbit in the May 10 Lender Processing Services 8K: The Federal Deposit Insurance Corporation, in its capacity as Receiver […]
With Nokia, Ciena and Riverbed all up 3%…
With Nokia, Ciena and Riverbed all up 3% plus today, we ended up nicely green by the close after bobbing up and down most of the day. We’ll take it. I bought those long-dated Softee call options and that was the only trigger pull of the day from my headquarters. Nuance announced earnings after […]
Let’s analyze the price Microsoft paid f…
Let’s analyze the price Microsoft paid for Skype, the reason why Microsoft bought Skype and how we should trade our Microsoft now. First off, let’s talk price. $8.5 billion is a lot of money and as a Softee shareholder, I do wish they’d only paid the $7 billion plus as was originally reported by the […]
Remember a few weeks ago when I was in S…
Remember a few weeks ago when I was in San Francisco on a Markewatch/WSJ investment panel? I met a couple of you dear subscribers there, but for the rest of you, here’s the first six minutes of what was an hour long program. Not sure if they’ll publish the rest of it later, but if […]
Instead of Microsoft common, I’ve ended …
Instead of Microsoft common, I’ve ended up buying Microsoft call options, mostly with the $25 strike price, that will expire in January 2013. It always shocks me how cheap the premium for call options in Softee can be when the stock flatlines for a few months as it has been of late. I’m writing a […]
A gentle rally to start the day in the b…
A gentle rally to start the day in the broader stock markets and in the precious metals too. And our portfolio’s up gently this morning too. Let’s be gentle traders today, shall we? Meaning, let’s not force anything but let’s dig in and look for some opportunities to trade without feeling pressure that we have […]
I did not trade today, but we had a nic…
I did not trade today, but we had a nice pop in the portfolio despite the (as expected) moves in Silver and Gold going against us today. Corning was up more than 3% itself and as that and Nuance are two of our largest positions, we made out pretty green on the day. More on […]
Email from a subscriber: –First of all,…
Email from a subscriber: –First of all, CY, and now NUAN have many times over paid for my subscription, with every other trade above water, except RVBD. Could you post a brief response to the following question” If one has suggested to a friend to sign on, or has not bought any particular stock either […]
Here’s my positions, in general order fr…
Here’s my positions, in general order from largest notional position to smallest, though they all are about where I want them to be right now: Longs – Corning Cisco Nuance Celestica Cypress Riverbed Ciena Apple Microsoft DBA Visteon Google Nokia Adtran Shorts – GLD SLV LPS XLF LYV
Silver and gold are both up today, silve…
Silver and gold are both up today, silver up 4%, gold up 1%. We covered our common stock short position and still have nice gains on our puts. I am not doing anything with silver and gold today, but were silver to get back closer to $40 again, I’ll likely look to add to the […]
Nuance is the big mover on the sheets to…
Nuance is the big mover on the sheets today, now up 7%. Rumors out there that Apple’s considering buying the company. I don’t believe the rumor, but I am not selling it either. Nuance is still too cheap.
Greece, grease, grise grees, greze. You…
Greece, grease, grise grees, greze. You’re gonna hear a lot about Greece today. Here’s something I wrote on this very topic in Revolution Investing a few months ago, the last time people freaked out about Greece: http://www.marketwatch.com/story/europe-troubles-again-2010-11-30 Europe troubles. Did you hear about them? Everybody I know on Wall Street is panicking over the fact […]
What a week! We had some losses to sta…
What a week! We had some losses to start the week off as our long streak of winning days ended, but our timely shorts in gold and silver along with some big moves in Cypress and some of our other longs bring us to the green for the week’s tally. Other than covering the […]
I was searching for some of my old “Sell…
I was searching for some of my old “Sell real estate now!” posts from 2005-2007 and here’s a whopper of one. Notice how I finish up the article, which I wrote originally back in August of 2007: “I expect there to be more waves of mass repricing of assets, causing more turmoil in the financial […]
Remember how I told you guys a few times…
Remember how I told you guys a few times over the last few weeks while we were letting the portfolio stew a little bit and not doing many trades that we’d soon have some wild opportunities to do more. Does the 20% gain on our silver short in 2 days count? How about the 5% […]
The country adds 220k jobs according to …
The country adds 220k jobs according to the bureaucrats measuring this stuff and fully paid for with your tax dollars in this supposed budget-crunching time in April and the market’s get a sigh of relief. Most of our stocks are up across the board, including gold and silver getting the pop today that I’d said […]
“Thank you!! You paid for my subscriptio…
“Thank you!! You paid for my subscription for the year. Bought the ZSL yesterday and probably sold early but got a 20% return in 24 hours. Great call.” – Sarah Now this is what I’m talking about! Feedback from a subscriber who nailed the silver short trade with us using the ZSL ETF instead of the […]
The broader markets are suffering today,…
The broader markets are suffering today, but that’s not the case for our own portfolio as we enter the contra-hour. The 11% intraday drop in silver and 3.5% intraday drop in gold (and oil) declines are rather stunning in their magnitude, and I will be frank in telling you that while I thought and wrote […]
The dislocation in gold and silver (and …
The dislocation in gold and silver (and oil) are definitely the market story of the day, and everybody I talk to today wants to analyze why. Here’s an expanded and more detailed version of the post I did about why I started shorting gold and silver earlier this week. I’ll be back later with more […]