It’s a down day to start the day, again. Do you remember back when Apple went straight from $500 to $620 just as the first annual Apple Investor Summit hit and how it felt like stocks would never go down again? And now…can you imagine the relief you would fell if Apple were to rally […]
Chat Transcript for May 30, 2012: Option strategies explained, how big traders are shorting Facebook and much more…
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. Hi guys, let’s rock n roll. Q. When you rate a stock 7 or higher after these 20-30% declines in almost every stock on the market, are they not more compelling […]
Trade Alert: Buying calls in a networker
I’m buying some Juniper calls dated out into January of 2014 — 18 months away with strike prices starting at $20. For this trade to work out, I’d need Juniper to rally above $23 a share over the next year and a half — and I think we’ll see this stock $30 a share or […]
Flip It: Getting a clue about chart reading
Good morning and welcome back to the hit parade, where many of the DJs are paid to put the songs they play on rotation. All right, I’m back from marrying off my brother in Austin this weekend to a lovely bride. I used to tell my TV show viewers all the time that the only […]
Letting Riverbed float, picking some Juniper berries
The market is finally coming around to what we have known for months, that the euro bailout was a failure before it began. Just look at how the euro has sunk against the Dollar since Greece forced bondholders to take a haircut back on March 9th. We’re probably due for some kind of a Euro […]
Our official playbook is still the way to go
Markets are rocking already. Brand new week. We get 20% less trading this week than in most weeks which can often lead to volatile markets. The nasdaq is now up almost 100 points since last Monday’s panicky open when I finally agreed with the panicky assessment. That means the broader tech index is up nearly […]
Trades for the week of May 21st through May 25th
Here are my trades for the week of May 21st thru May 25th: Common Stock: Stock Long or Short Action Date Initiated Time Initiated Price AAPL – Apple Long Buy 5/21/2012 9:09am $538.00 FIO – Fusion IO Long Buy 5/21/2012 9:09am $19.80 LVLT – Level 3 Long Buy 5/21/2012 9:09am $22.22 SNDK – SanDisk Long […]
My latest positions
Not much mojo to the bounce of the lows so far, but we all know that the market is in the business of fooling the most number of people the maximum amount of the time, so it will come when it will come. Some of our best stocks, including Apple, Google and F5 have all […]
The rumor that dropped an Apple supplier by $10 billion
Since most of you have better things to do with your time than sniff out every Apple rumor, I thought I’d break down one of them for you. Here’s a story last week from the Taiwanese semiconductor trade newspaper, Digitimes: Apple reportedly books up half of mobile DRAM capacity at Elpida Hiroshima plant Josephine Lien, […]
Getting close to a meaningful rally?
“It is always surprising how small a part of life is taken up by meaningful moments. Most often they’re over before they start even though they cast a light on the future and make the person who originated them unforgettable.” Anna and the King 1999 “The effort must be total for the results to be meaningful.” Wit 2001 Another […]
Chat Transcript for May 23, 2012: Facebook, Apple suppliers, is Greece priced in? And much more…
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. Let’s rock! Q. What are your thoughts/opinion regarding Aruba Networks (ARUN)? A. At 52 week lows and trading at less than 20x next year’s earnings, ARUN at $14 is interesting. FFIV […]
Trade Alert: Reviewing the playbook and adding to a wet one
Good morning and welcome back to the recording studio, where the loops don’t always repeat from one verse to the next. Patience. Buying in tranches, instead of drawing a line in the sand with each trade. Flipping the headlines and conventional wisdom on its head to find the contrarian ground. Finding the political economic outcomes […]
Focus on shorting crappy companies
The darkening of the market mood is palpable. Just two months ago stocks were going up in a straight line and everyone was in agreement that the economy was picking up steam. Funny what a difference a big down move can make. Let’s look at some numbers. In the last month the Dow is -4.03% and […]
Apple’s biggest app supplier: Google
You won’t find Google on Apple’s list of its suppliers (it’s here in PDF form if you want to check). But they should absolutely be there right between ‘Fujikura‘ and ‘Grand Upright TechnologyLtd.’, because Google is one of the most critical suppliers in the iOS ecosystem. And Apple has only themselves to blame for that. Apple introduced […]
Trade Alert: Trade against the panic
So I finally take a couple days off and all hell breaks lose? It seems like the markets want to crash every time I happen to take a rare couple of days off. And last Thursday and Friday followed that strange pattern. When the markets were at their highs in early Spring, I wrote a […]
Trades for the week of May 14th through May 18th
Here are my trades for the week of May 14th thru May 18th: Common Stock: Stock Long or Short Action Date Initiated Time Initiated Price LNN – Lindsay Corp. Long Buy 5/15/2012 1:22pm $61.17 Have a great weekend, everybody!
Cody’s Interview on WSJ Daily Wrap
This is Bill, Cody’s Chief Technology Officer. While Cody is out on vacation, he asked me to publish his recent interview on the WSJ Daily Wrap radio broadcast. Click on the link below to listen to the interview: Cody on WSJ Daily Wrap.
Are you ready for water inflation?
We haven’t learned any lessons from the ethanol debacle. Subverting our food supply chain in search of energy is one of the dumbest trades of all time. So when I see headlines like this from the Denver Post, I fret: Fracking bidders top farmers at water auction By BRUCE FINLEY The Denver Post DENVER—Front Range farmers […]
Chat Transcript for May 16, 2012: Facebook, FIO, Greece, Bob Weir and much more
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. All right guys, ask me anything. Q. Any idea or explanation why some important AAPL suppliers have completely different behavior? QCOM,BRCM more or less are following AAPL (about -10% since their […]
Two housekeeping notes
Flattish. The markets aren’t doing much today and I’m not doing any trading so far. Two quick housekeeping notes — 1. I’m going to southern Colorado to go flyfishing with my father for the next couple days. I’ve not taken a market day off in a long time, as you guys know, and I need […]