Today’s action is very much a reverse correlation of the recent action’s directions for most of the markets stocks. That is, the stocks that have run the most of late, like Sandisk and Goldman, both of which we were selling late last week, are down bigger than the broader markets, which are down where they […]
RevolutioNews.com and other must-reads
It’s amazing how much you learn about the different content creation/content distribution strategies of the major players like Google, Yahoo, Microsoft and Comcast/GE, Disney, and the rest of them when you’re building a couple content creation/content distribution companies. In addition to running and adding all these cool new features to TradingWithCody.com for the last few […]
Strategy for driving the length of the field: my latest positions
Good morning and welcome back to the football field, where it’s better to go for long drives with lots of first downs and not just throwing long bombs. The markets are giving back a full percentage point plus from the big gains last week and October looks destined to close down just a bit from […]
I’ll be wrong sometimes
Good morning and welcome back to the garden where the apples sure look tasty. It’s a nice quiet morning, which, after yesterday’s 3% plus moves in the markets, is probably the best the bulls can hope for right now. I mean, there’s also that 20% move off the lows of late August too. Wild, wild […]
Update on the Goldman trade
Turns out that when the people in charge force a multi-trillion dollar wealth transfer from the public to the banks, that the bank stocks will go up a bunch. Oh, and the shorts will squeeze themselves silly, spiking stocks across the board, but not quite as much as the trillion dollar welfare lottery ticket holders […]
Links for today
Here’s what I was reading and thinking about when I wasn’t admiring the dreamy first snow falling on the Sacramento Mountains in New Mexico. Sure is pretty! The Dream Team of Investment Managers – David Merkel with an interesting take on some of the best managers in the profession. Will European Debt Solution Work? and Live Updates: Reaction […]
A couple points of clarification and a trade update.
A couple points of clarification and a trade update. Yesterday I bought some GMCR calls because the stock had been crushed on fraud concerns (which will probably prove to be correct, if I had to guess), but on anticipation that their upcoming earnings report would be today and that it would be good enough to […]
Market update and time to lock in half the Akamai gains
The bank investors around the world can breath a sigh of relief today knowing that the taxpayer in Europe (and the US!) will transfer another few trillion dollars from society to their balance sheets in the name of “saving the system”. And just like I’d written earlier this week and again yesterday: “Upshot is that […]
Chat Transcript: GLW, NFLX, BRCM, LPS, and lessons from Baseball
Here’s the transcript of today’s chat. We broke the questions and answers down into two sections as usual — Economy/markets/trading/strategy and Stocks. See you next week at 2pm EST at https://tradingwithcody.com/chat for more Q&A where you can ask me anything. Economy/markets/trading/strategy Q: Hi Cody, what are your thoughts on the potential outcome of the Summit today? […]
A few trading ideas and a portfolio update
Guys, the day just slipped away from me. I’ve been trying to finish up those OccupyWallStreet posts with all my pictures, but it’s hard work uploading them all. Let’s get a lot of info into this post and I’ll be back later. First, I’ve raised about 30-40% cash now, up from having been more than […]
Getting less bullish and less long even almost bearish for now
What’s the best case scenario for the EU, the Euro, their sovereign debt problems and the banks who caused them? Is the best case scenario for each the same? Let’s dig in and talk about what should happen, what is happening, what’s likely to happen next and what all that means for our portfolios. First […]
Lessons from the Netflix
Good morning and welcome back to the coliseum, where the gladiators battle the machine. The markets are down and down with some aggression this morning and that comes as no surprise to me, per my notes here yesterday. I’ve trimmed down already and am likely to even add to the shorts or sell some more […]
Day wrap and Netflix results
What a wild ride this market has been all year. I just heard on the radio that this is the single largest point gain month in the history of the DJIA. And it’s only the 24th. We’ve hit new all time highs in the portfolios repeatedly as we got so aggressive on the long side […]
Must-reads for today
Here’s what I was reading and thinking about when I wasn’t recovering from a weekend watching my 2.5 year old niece and dressing up as the Godfather (I dressed up in Armani and even had a baby Jesus doll with me, get it?) for a Halloween party Saturday night. Rekindled Optimism In Europe – I’ve got […]
Update on the Netflix trade
Netflix is up tonight. Trading earnings reports like this is very risky and more akin to gambling than investing. We’re up about 50% or so in three days on a tiny bit of capital that I threw at some out-of-the-money Netflix calls dated out into early next year, as I noted last week. I bought […]
All right guys, I’m going to do some repositioning trades today. Here’s what’s up.
All right guys, I’m going to do some repositioning trades today. Here’s what’s up. We’ve had an absolutely mindboggling run here in our portfolios in the last few weeks (and, relative to the broader markets, the last few months!) and it’s time to step off the gas pedal. As I’d noted in a post the […]
Here’s what I was thinking and reading about this morning
Here’s what I was thinking and reading about when I wasn’t getting my back realigned this morning. Feels better though! Optimism Running High In Europe Ahead of Big Weekend – Right now, while the markets aren’t crashing and the media freaking out, is the time to discuss such geopolitical problems and their investment ramifications, yes? That’s […]
Here’s a list of my positions in order of size from largest to smallest notional positions
Here’s a list of my positions in order of size from largest to smallest notional positions: Longs – Sandisk Cisco Nuance Google Corning Riverbed Marvell Goldman Sachs Cypress Apple Microsoft Bank of America Visteon Autodesk DBA Adtran Shorts – LPS Bank of New York Wells Fargo Live Nation SLV
I’d like to see tech lead the way higher
One consistent but understated theme in the markets lately has been that tech has underperformed. I like to see tech lead the way higher when I’m betting long/bullish and I don’t like seeing tech underperform consistently. Along with the mostly negative reaction to earnings (though we can add Sandisk to Riverbed and Google as recent […]
IMPORTANT: The tendency is to over-diversify, but some diversification is necessary
Not much fireworks, at least after hours, in our stocks that reported earnings such as MSFT and SNDK, which is basically what I’d outlined as to how I was expecting tonight’s plays to play out. So to speak. Anyway, listen, this is IMPORTANT. I just saw someone on here basically say that they’ve got 50% […]