Here’s the transcript of today’s chat. See you next week at 2pm EST at https://tradingwithcody.com/chat for more Q&A where you can ask me anything. Q. Cody: do you recommend leaps on some of your favorites e.g. FIO or do you prefer common? A. I like calls, call LEAPS (LEAPS are options that expire say, 12 […]
Who’s more scared right now?
This question was just posed in the Daily Chat area on TradingWithCody.com, and I’ve been getting variations of this question all week: Everyone I know and here as well seems to be bullish .. even me. A thought comes to mind if we need to hedge portfolio. I would love to hear what you folks […]
What to expect from your subscription to TradingWithCody
Folks, my support staff got a little overwhelmed with all the Valentine’s Day Special signups we’ve received. Bear with them as they work through all the requests for help — we will get to each and every one of you before the end of today. No trades for me yet this morning and I’ll have […]
Well, Wells Fargo is far gone
Three years into the Greek crisis and big things are finally happening this week. Well something is going on and anyone who claims to know more than that really doesn’t. There is a big piece of Greek paper coming due in March and the Germans don’t want to pay par but they also don’t want […]
Fusion-IO explained and analyzed
Fusion-Io has a pretty interesting and unique product; they bundle flash memory, like the ones in the ipad3 Apple is premiering in two weeks that can be put right alongside existing servers. It’s a pretty deceptively simple idea, but it basically enables servers to access data way, way quicker. Fusion-IO is still an infant, albeit one […]
Should you do what you’re supposed to do?
Welcome to all the Valentine’s Day special subscribers! Happy Valentine’s Day. Hope you’re wearing green. Oh, wait, pink. Send flowers. Give chocolates. Dinner and a movie. As an investor I like green a lot better than pink even on Valentine’s Day. In dating, maybe. But in trading, let’s not just do what we’re supposed to, […]
Cody’s Latest positions
Pretty strong move in the overall markets here today, with nice breadth (“nice breadth” means that there were a lot of stocks up and not that many stocks down). My overall combined portfolios barely budged today. Those Amazon calls we held despite the sell off after earnings have come back very strong as the stock […]
Shark-jump trading: Great traders recognize when a pattern changes
The phrase jump the shark comes from a scene in the fifth season premiere episode of the American TV series Happy Daystitled “Hollywood: Part 3,” written by Fred Fox, Jr.[4], and aired on September 20, 1977. In the episode, the central characters visit Los Angeles, where a water-skiing Fonzie(Henry Winkler), wearing swim trunks and his trademark leather jacket, jumps over a […]
Guess which headlines are from today and which are from two years ago
Here’s what I was reading and thinking about this morning when I wasn’t shooting hoops outside in the brisk mountain air. The Biggest, Baddest Bubble of Them All – David Merkel writes: The biggest bubble, waiting to pop, is that of [I don’t want to give away the plot, so click through and read through […]
Stampede trading
As the riders loped on by him he heard one call his name If you want to save your soul from Hell a-riding on our range Then cowboy change your ways today or with us you will ride Trying to catch the Devil’s herd, across these endless skies – Ghost Riders in the Sky Good […]
Nuances of Nuance
Modell: You know what word I’m not comfortable with? Nuance. It’s not a real word. Like gesture. Gesture’s a real word. With gesture you know where you stand. But nuance? I don’t know. Maybe I’m wrong. – Diner (1982) Nuance quarter, quick take: Nice growth, continued good execution, but as I’ve been saying — I […]
Time to freak out about the big Apple move?
I get asked all the time, for years on end now, questions like this one I got today: AAPL price action scares me—and I’m way long. Don’t like parabolic moves. What do you you think is happening there Cody? Revaluation of PE or machines running wild? My answer was: Are those my only two options? […]
Chat Transcript: BK, LPS, AMZN, Romney 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, what do you think about this Israel / Iran business? Do you […]
Today’s links and don’t forget today’s chat at 2pm EST
Don’t forget this week’s chat session at 2pm EST at https://tradingwithcody.com/chat where you can ask me anything. Here’s what I was reading and thinking about when I wasn’t cutting wood this morning. CBO Solution to Budget Crisis – Everyone Bend Over! – Bruce’s title says it all. His words, not mine. I might call it […]
Trading like a Gaul
The nation of all the Gauls is extremely devoted to superstitious rites; and on that account they who are troubled with unusually severe diseases and they who are engaged in battles and dangers, either sacrifice men as victims, or vow that they will sacrifice them, and employ the Druids as the performers of those sacrifices; […]
Structural shifts produce portfolio shift
Good-bye January, hello leap-year-February. Before you knew it, 1/12th of the trading year, 8.3333% (repeating), is gone for good. We’re at new levels of absurdity. March 20th is the vernal equinox and the day €14.5 billion in debt payments come due for Greece. Note that I didn’t convert that figure into Dollars; who knows what that unstable number […]
Sticky markets, LPS add, and Cisco trim
The markets are getting back a little bit of what we gave up and the broader indices remain near highs. “Sticky” is how you could describe this action as the markets are “sticking” near their recent highs like an old piece of tape on your dashboard. Is it possible that some tight, sideways action for […]
Bullitt Trading
I woke up with something wrong going on with my system and I’ve spent the day just trying to recover enough to get productive. Regardless, the markets stop for no man. So let’s talk it. Markets are flattish to slightly down on the day and there’s a quiet calm out there. The bears are shellshocked […]
More on the Seagate trade
A few weeks ago, when the stock was trading at about $18 a share, I wrote a column called, “Seagate: A wildly cheap stock with a chart that’s on fire. First off, I want to thank Robert Marcin, whom you’ve seen me call “The best value investor I know” for tipping me off to the […]
Thoughts on the “Are we in a tech bubble” question
With the Nasdaq now at 11-year highs, highs it hasn’t seen since the good ol’ dot com bubble days of late 2000, it’s time to revisit the question that everybody’s asking once again, “Are we in a new tech bubble?” Before I give what I think is the answer to that question, let’s take a […]