Last week you said we were going to scale into some of our RVBD calls. I am waiting for an update on when we are going to buy some. Today the stock tanked again by 9% in the morning and looks like its recovering a bit. Is this the right time to buy some long […]
Don’t forget that you can meet me today at 2pm EST to chat with me on here…
Good hump day morning to you. Or not. Those markets are taking it hard on the chin this morning and many of our stocks are lower too. As much cash as we’ve raised in the last few days when the markets were at their highs, we’ve got some flexibility to navigate this sell off. Reasons […]
Next week, I’ll be trading out one short for another…
One of my mentors used to say that traders who use exchange-traded funds are lazy. Because when you’ve done the “top down” analysis — looking at a sector and how it fits into the economy — then you’ve got your starting point. After that, you need to dig into the actual companies in that industry, […]
Markets and answers for you NFLX questions…
The broader markets remain down and mired with mostly red stocks this morning, but the Nasdaq has turned and tech is leading an intraday rally upward. At least for now. I’ve continued selling down the positions as noted earlier and am now done. I’ve gone from being aggressively long to having about 30% in […]
So, just a heads up…
Good morning and welcome back to the jello-dome. Breadth is down sharply once again this morning, with two stocks down for every one that’s up in the broader markets. But with Google, LPS and a couple others working our way this morning, we’re up a bit. I’m continuing to sell down my biggest long […]
A daily recap and a first look at the LPS report…
It was a pretty ugly day masked by some flattish action in the broader indices. I did sell down the stocks and calls I’d mentioned I was looking to and I still have a little bit more working on the same sell orders tomorrow. LPS is out and it’s pretty darn ugly, IMHO. Recall that […]
What is Cody planning to do with his LPS short into their report tonight…
Email from one of our subscribers: I wanted to send Cody an email regarding LPS and heading into the earnings report tonight. What is he planning to do with his short? — Well, I’m holding my short in this name steady. LPS was one of the five worst performing stocks on the NYSE last quarter […]
I’m looking to sell say…
Markets are flattish even as breadth is to the downside by nearly 3 to 1. As I’d noted last week, after this huge run we’ve had in the last month in the markets and especially in our portfolios, it’s time to step off the gas a little bit, even as we hold the bulk of […]
Some perspective on the US debt ceiling and how it impacts our trading…
You guys panicked about the US debt impasse yet? Sigh. Let’s break down some relative numbers and see just how worried we should be about what the papers and TV are sure is the Most Important Economic Story of the Year. Remember the original TARP bill? It was for less than $700 billion or so. […]
Here’s a list of my positions in order from largest to smallest…
It has been one heckuva run. The portfolio is up more than 50% since the June lows and, put simply, I’m going to back off the gas pedal a little bit. I did sell down the Sandisk and the Google a bit more today. But they are still both outsized and I’ll be continuing to […]
The strategy I’m employing on Sandisk now that it’s popped…
The markets are flattish to down, but our portfolio is busting out to new highs again off the back of the big Sandisk pop this morning. Sandisk reported a great quarter as I’d noted last night and the stock is indeed up nearly 10% this morning. Recall that yesterday I outlined some aggressive call buying. […]
Here’s my take on the Sandisk report…
Sandisk beats by nearly 20% on the bottom line and a few percent on the topline. Here are the details: Revenue of $1.38 billion, up from $1.18 billion in the prior year’s quarter and above analysts’ estimate of $1.34 billion. Earnings of $1.14 a share, compared to $1.08 a share in the same period last […]
What I’m doing with Sandisk into tonight’s report…
Sandisk is tonight and as I’d noted yesterday in a post here, I’ve been seeing some concerns from the sellside analysts heading into the report. And that, frankly, is a much better set up for the bulls than if they’d been sending a bunch of reports full of reasons why the stock will pop tomorrow. […]
A glimpse of the future (with a bit of Google propaganda) from — well, Google…
A glimpse of the future (with a bit of Google propaganda) from…well, Google. http://www.zeromomentoftruth.com/ From the page: The way we shop is changing and marketing strategies are simply not keeping pace. Whether we’re shopping for corn flakes, concert tickets or a honeymoon in Paris, the Internet has changed how we decide what to buy. Today […]
One stock that is not down after its quarter last night is our own Cypress…
The merry Merry-Go-Round goes round merrily to try to keep us going in circles again today. It’s a pretty broad rally this morning with S’s over N’s (meaning the S&P 500 is stronger than the Nasdaq). That’s cuz of Intel, which is down a quarter after its not half shabby quarterly report last night. One […]
Chat postponed due to technical difficulties
Due to a storm, Cody is currently without internet access. This week’s chat has been postponed to next Wednesday, July 27 at 2pm EST. We apologize for the inconvenience and appreciate your patience.
There will be lots of new pitches…
It’s a muddled day at the markets and there’s not a lot of oomph away from the companies who actually reported earnings in the last 24 hours. I’m not making any moves today, but we do have more earnings fireworks tonight and tomorrow, and we’ll see what pitches the markets bring from there. Here’s a […]
Can you see her in the distance, As she tumbles by? Veteran of a race that should be over, Can you hear her sigh? — Neil Young “I’ve Loved her So Long” One of the main arguments you’ll always hear against Sandisk and its NAND-based flash drives is that “the cloud” will kill the need for local storage […]
And they’re off. Up along the inside is Apple…
And they’re off. Up along the inside is Apple, but it’s a muddy track and the horse just ins’t catching as much traction as many had bet for. With just a slight lead for Apple, the rest of the horses are bunched up in the middle, with Ciena and Celetica running second and third as […]
Let’s talk both…
Apple’s huge and is up nicely after hours. Riverbed, not so much. Let’s talk both. First, Apple. What a blow out quarter. The company didn’t just find that bar that had been raised as I’d mentioned, but they blew past it. Great numbers on the top and bottom lines — a 25% beat on the […]