Here’s a very important explanation of why MERS (and therefor the administrator of MERS, our LPS short) is in so much trouble and why there is pretty much no solution that’s pretty for MERS, LPS or any of the TBTF banks who once again stupidly gambled on a horrible idea. Devastating Analysis of MERS Some […]
The stock air show and my latest positions
Good morning and welcome back to the airshow, where most of the pilots have no idea what a cockpit looks like. Think about it. Markets are still in hold mode waiting for the EU/ECB/IMF/You-the-US-taxpayer to shift trillions more wealth to the TBTF banks and backstopping just about every major private or public investment for anybody […]
Must-reads: OWS jobs, Apple production reports and four stages of investment knowledge
Here’s what I was thinking and reading about when I wasn’t getting ready for a run to the border tonight — El Paso, that is. Investor Sentiment isn’t contrarian – Really interesting market psychology and sentiment analysis from my old friend Jordan Kahn. Today, he writes a great Flip-It, “I think the important thing that many […]
That’ll fix things for sure, right?
Good morning folks. It’s another EU-will-they-did-they-or-can’t-they driven market today. The latest update is that a guy from the incredibly incompetent and rather corrupt IMF or World Bank or whatever is stepping into the hot seat at Greece and some other fresh bankster crony is stepping into the hot seat in Italy. That’ll fix things for […]
I’d tell this “expert” who emailed me today to just go buy some index funds and go home
Here are a couple trader-psychology thoughts to help keep you in the right frame of mind today. First, I just got this pitch from some pundit who didn’t bother to find out that I quit TV so his entire pitch was wasted on me anyway: The environment is prompting traders and investors to play direction […]
They rode the sunset, horse was made of steel
They rode the sunset, horse was made of steel They rode the sunset, horse was made of steel Chased a gringo last night through a field Chased a gringo last night through a field The Cisco Kid was a friend of mine — War Cisco, our second largest position, is up about 7% here in […]
Today’s chat transcript: RVBD, GMCR, SNDK, AKAM, and more
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: Cody: Thanks a lot. Are you net short or long? A: I’d written this on […]
Cisco thoughts and a chat at 2pm EST
Don’t forget to meet for today’s anything-goes chat at 2pm EST on the site. The markets are trying to steady themselves down 2% plus on the day. I’m not doing any trades so far today. Been asked a lot about Cisco into their earnings tonight and my short answer is that I don’t think we’ve […]
It ain’t easy to skin a griz
Bear Claw Chris Lapp: Can you skin Griz? Jeremiah Johnson: I can skin’ em as fast as you can catch’ em. [Bear Claw runs through the cabin with a huge grizzly bear close behind and jumps out the back window] Bear Claw Chris Lapp: Skin that one, pilgrim, and I’ll get you another! — Jeremiah […]
Chat Transcript from the site: Updates on FIO and more
Chat: Cody, love the feet to fire but also love the patience to not chase and take breathers and wait for the pitches. Love the service man! Chat: Owned FIO since it was $17, but have been afraid to buy options as they were so thinly traded. That may all change now! Cody: FIO beats big […]
Occupy Nation: Tomorrow’s market moving headlines and how to prepare for them
Last week, I talked about how the mainstream media has misreported, under-reported and propagandized the coverage of the Occupy Movements around the country. The reason, put simply is that these protests are focused as much against the welfare/cozy-connection of the media conglomerates that receive billions in special tax breaks, bailouts and loans from the Republican/Democrat […]
Who’s more scared right now? The bulls or the bears?
Let’s think about the current market set up in this context, my good ol’: “Who’s more scared right now? The bulls or the bears?” Send me your emails to contact@tradingwithcody.com or leave a comment.
One of the important assets in the portfolio right now
It’s a flat trading pulse out there this morning, with the markets just beating back and forth around unchanged on the day. Path of least resistance is most likely down for now, and it could get slippery before the trading day is entirely over. I saw some wild, shocking, unbelievable headlines this morning that explained […]
Be cool like the Fonze
Gentle afternoon rally is taking us to the highs of the day as we head into the close. So be it. I was asked to remind you guys about my cash positioning since it’s larger than it’s ever been since we launched this site. In other words, yes, I’ve got all those longs and shorts […]
Must-reads: Google, Amgen, Bubbles, Energy, and Western Civ
Here’s what I reading and thinking about when I wasn’t putting out all the fires that Monday morning, that pyromaniac, lit to start off this week. Some interesting factoids and analysis on Google – “Does anyone realize that GOOG is actually lower than where it was in October of 2008 when the financial madness had already […]
Mike Tyson Punch-Out (or, My latest positions)
Good morning and welcome back to the body shop, where you can fix up the scratches and dings, but you can’t build a car from scratch for a profit. We’re now 100 points from the recent highs in the Nasdaq and the markets are starting to look like Glass Joe getting wobbly and having a […]
Revolution Investing links: Economists revolt, G-20 cluelessness, how the best tech trader I know is trading Groupon and more
Here’s what I was thinking and writing about when I wasn’t jumping for joy that my Gmail “Database error 500” issue that kept me from accessing my Gmail emails all day yesterday was resolved overnight magically. Was worried I’d lost all those emails, you know? Whew. To say LinkedIn is fairly priced at current levels […]
Opening statement
The markets are down about a percentage point across the board here in the early going, but our hedges along with the Sandisk calls are kicking in and keeping the portfolios mostly in the green. For now at least. I wouldn’t be shocked to see this market do some back and forth with some gusto […]
Another small trade
Another small trade. LPS is up about 7% today on no real news. The stock is finally giving us a bounce and I’ve been saying for a long time that I’d like to add to my puts on any LPS bounce. I’m doing so again today, bidding on some in-the-money puts with strikes at or […]
Today’s trading outlook
Greece is gonna go with the EU fix (that isn’t a fix at all) after all. Or at least that’s what the media is telling us this morning. What a waste. As for trading, well, we’ve got some 20-50% gains over night in our FIO call positions, as the stock is “only” trading up about […]