Silver’s down more than 8% this morning as the dislocations I was looking to take advantage roil the precious metal market places. Gold is down 2.5% too. A “dislocation” is anytime a trading asset moves more than 2% intraday, and is often an indicator of an ugly topping process. Read this post for more: https://tradingwithcody.com/archives/1328. […]
The markets have tried to squish higher …
The markets have tried to squish higher today, but it’s been soggy underneath them. That said, we’ve had a pretty big intraday swing on our own sheet’s P&L, though we are also still in the red on the day. Here’s a few thoughts on the IPO Market and Chinese social networking stock, Renren, up 40% […]
Shorting gold and silver today. But firs…
Shorting gold and silver today. But first — one of our loyal subscribers writes me: “If we are long term, is today not a day to buy a little more across the board?” The answer depends on you and what you’re trying to do with your own portfolio. My mission here is to show you […]
Good morning and welcome to the terror d…
Good morning and welcome to the terror dome. The markets tried to open flattish, but quickly faded lower and it feels, shall we say, “squishy” out there this morning. The markets and individual stocks need to shake out the weak hands and punish the johnny-come-lately-bulls who were late to the rally. Thus, today’s and […]
Painful day for the portfolio and as we …
Painful day for the portfolio and as we head into the close, it’s safe to say “the streak is over”, as in, our portfolio is not up on the day. Indeed, with Cypress and Riverbed both down 3% on the day, there’s some red on the sheets today. A few thoughts to ponder tonight […]
I recently wrote about how after 14 year…
I recently wrote about how after 14 years of renting, saving and waiting for a real estate market collapse that I finally stepped in and bought some land in my hometown in the beautiful mountains of southeastern New Mexico. Long story short, using a local real estate agent upon my return home from NYC, I […]
Is the streak over? In the midst of mor…
Is the streak over? In the midst of more than a week-long run or so of up days, and with many big up days at that, I closed out several posts last week talking about how we needed to “respect the streak“. That is, Jay, one of my mentors who runs a huge distressed debt […]
Time to start shorting the precious meta…
Time to start shorting the precious metals? Back in early 2007, I used to write about the “dislocations” that were suddenly showing up with more frequency as I was worried and started selling partly because the stock market was seemingly entering a blow-off top phase. By dislocations, I meant any day that the market moved […]
I got a phone call on my cell this morni…
I got a phone call on my cell this morning from an unknown New Mexico number and when I answered, my senior English teacher, now retired at 72 years old, wanted to know if we could go to lunch to “memorialize the death of Osama Bin Ladan and this great day for our great country.” […]
Let’s talk Cloud Revolution. Yes, amid…
Let’s talk Cloud Revolution. Yes, amidst trekking to San Francisco, Dallas, and NYC, trying to close on land in NM, trading my personal account and writing about all of it for you guys on Trading With Cody, I also just finished a brand new investment book that you guys get access to for free […]
I bought some Live Nation puts that are …
I bought some Live Nation puts that are currently slightly out of the money and will expire in a couple quarters. That is the stock needs to fall 10% in the next few months for the puts to get “in the money”, but if the stock doesn’t fall like that before the puts expire, I […]
The App/Smartphone/Tablet/Dashboard/PC i…
The App/Smartphone/Tablet/Dashboard/PC is the fastest growing marketplace in the history of business. I’ve been saying exactly that for more than a year now and I’ve been dead serious about betting my time, money and reputation on what I call the “App Revolution” for shorthand. But I know a lot of you are confused about what […]
The headlines read like something out of…
The headlines read like something out of a case study of runaway success in technology business strategies in a Hal Varian text book. I use Varian’s, now a big shot at Google, seminal book, Information Rules, in my class, and this App Revolution is the kind of thing I’ll be teaching about in my Revolutionomics […]
And there’s the market’s intraday fade t…
And there’s the market’s intraday fade that I was talking about in the post last night about what to expect from the market upon the news of Osama Bin Laden’s death. The morning pop and subsequent reversal weren’t nearly as dramatic as they were the Monday after we caught Saddam Hussein, but the same sort […]
It was December 13, 2003, and I was stil…
It was December 13, 2003, and I was still a wet-behind-the-ears hedge fund manager, just into my fourteenth month in business, when the news that the US had captured Saddam Hussein hit. It was a weekend and the markets weren’t closed, but my cell phone was going crazy with texts, the best one being from […]