What a rally, especially in tech today. Guess that Greece didn’t doom us after all. Or was it Portugal? I’m not buying another more today and indeed I’m more inclined to trim a little around this kind of action than to chase it. Especially when we’d been so aggressive in our buying at so much […]
What to expect from Apple heading into the report tonight…
Email from a subscriber: “Cody, you bought the Google calls before Google’s earnings report and it made us huge money. Why aren’t we doing the same by buying Apple calls before Apple’s earnings report?” Great question. The set up for each stock was very different heading into the earnings report. For one thing, just […]
Now’s the time to sell stocks because of the Greek crisis…
Oh, man, it’s all about Greece…oh wait. No, it’s not. Nobody anywhere is talking about Greek debt today and how it’s supposedly going to create contagion and collapse. You remember how palpable that “Greek debt is going to destroy the world’s economies” fear was a few weeks ago? To be sure, it’s not that we […]
I’m covering about a third of my short in this one…
Newsflash: Shares of Bank of America, Goldman Sachs and Morgan Stanley all hit two-year lows today http://on.wsj.com/oxRr4U I’m short the XLF which gives me profits as these TBTF banks collapse. Of course, I wish I’d been aggressive this whole time…I’ve just barely gotten started building this short position and these guys haven’t given us hardly a […]
Here’s how my portfolio stands with both longs and shorts in order of size at this moment…
Here’s how my portfolio stands with both longs and shorts in order of size at this moment. I’d mistakenly not had listed Sandisk on Friday’s portfolio rundown. It’s in there at the right spot now: Longs – Google Riverbed Microsoft Cypress Cisco Sandisk Nuance Marvell Corning Apple Visteon DBA Ciena Celestica Adtran Shorts – […]
Here’s me quoted in this weekend’s Wall Street Journal…
Here’s me quoted in this weekend’s Wall Street Journal about Netflix. It’s a bit too much of a highflyer even for me and I’ve just never gotten comfortable trading this name, so it’s not on our sheets even as I do think it’s likely to go much higher in coming years as the Great Tech […]
I’m just using the weakness to gently add to three of our positions today…
I’m doing some nibbling into today’s big sell off. I’m just using the weakness to gently add to three of our positions today: Corning, as noted earlier. Sandisk, our new purchase from last week. I’m buying some January 2012 calls that are slightly out of the money. And Cisco, which I’ve just added to by purchasing […]
I bought a little more of this stock for the first time in a long time…
It’s a sell off to greet us for the new trading week and the high beta stocks are down pretty big this morning. We’ve got shorts and longs both down 3-5% across the board today as earnings week really heats up this week with hundreds of big companies reporting. I bought a little more Corning […]
I plan to continue to find, cite and buy…
“Fastest growing industry in the history of the planet.” “Will impact every company you invest in, whether they are tech companies or not.” “Billions of dollars will be made in the next few years by app companies and app investors” These are a few of the things I’ve repeatedly written and said about the app/smartphone/tablet/cloud […]
Here’s how my portfolio stands with both longs and shorts…
A lot of movement this week and here’s how my portfolio stands with both longs and shorts in order of size to close out the week: Longs – Google Riverbed Microsoft Cypress Cisco Nuance Marvell Apple Corning Visteon DBA Ciena Celestica Adtran Shorts – Lender Processing Services SLV GLD Cablevision XLF Live Nation Thanks for […]
It’s time to do some selling of some of the now hugely outsized position we’ve got in Google…
And there you have it, Google’s held the 12% move and is trading just under $600 today. Those calls that we bought back when we wrote this: I just bought some slightly out-of-the-money Google calls… JUNE 17, 2011 BY CODY WILLARD Google’s down 3% on the day and it’s another one that has the bulls writhing in […]
Google was trading near $600 a share, up nearly $70 from the close…
Okay, as the after hours trading wrapped up, Google was trading near $600 a share, up nearly $70 from the close. The stock had spiked during the conference call and if it’s anywhere near these levels tomorrow, I will trim both some common and some calls as I’ve got a lot of upside leverage that […]
Google’s out and it’s a HUGE beat to the upside in the initial report…
Google’s out and it’s a HUGE beat to the upside in the initial report. $8.74 EPS on $6.92 billion vs. estimates heading into the report of $7.86 EPS and $6.55 billion So it’s nearly 15% ahead of estimates on the bottom line and nearly 7% ahead on the topline. The mainstream media will of course […]
It would be great if he would comment today on his calls position in GOOG…
Google’s earnings report is tonight. Here’s an email I got this morning from a subscriber: I know Cody cannot provide advice, but it would be great if he would comment today on his calls position in GOOG and if he’s holding through earnings tonight. Thx, great service. LP — The short answer is yes, of […]
In the short-term here…
Well, the good news is that I did what I said I wanted to do and built up the SLV and XLF shorts a bit more in the morning rallies before the markets started crashing. The bad news is I sure feel stupid for having written “I’d guess that the path of least resistance is […]
I’ll probably be looking to add to the…
Good morning and there they go… It’s actually some pretty interesting action this morning in that the breadth is very good but the moves are very small in magnitude. Not sure what that means, but I’d guess that the path of least resistance is upward for today’s intraday action. Yesterday I added those Sandisk calls […]
I’ve been betting my time, money and reputation on the idea that…
Do you remember how in the mid 1990s how the Fed kept rates at artificially low rates, eventually dropping them all the way to unprecedented levels in the midst of a market boom over stupid concerns about Y2K? Do you remember how that was a large part of what propelled us into a great tech/dot-com/telecom […]
How about helping us spread the word…
We’re about to launch several new features for you subscribers, including a weekly chat right here on TradingWithCody.com where I’ll meet you guys and answer any and everything you can think to ask me. But hey guys — how about helping us spread the word? We’ll waive one month’s subscription fee for every new […]
These same guys will be touting these same companies…
This article from The Tell here on Marketwatch by my friend David Weidner confuses me – “Did Facebook owners overpay? Some 75% of investment bankers surveyed say the valuations of pre-IPO private companies are excessive.” I mean, is it supposed to be a bearish thing for Facebook and the other pre-IPO companies that a bunch […]
Here’s how I’m getting started in building this new long position…
Here’s how I’m getting started in building this new long position. At the current quote of $42 or so, the stock’s down 20% from its recent highs at $53 and at only 5x next year’s earnings when you include the cash-heavy balance sheet, I do think we could catch a double or better in […]