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Go shortie: Apollo Group blows up…again

October 17, 2012 by Cody Willard Leave a Comment

“Go, go, go. Go shortie, it’s your birthday.” – 50 Cent

50 Cent – In Da Club

Our largest short position, Apollo Group APOL, is down another 18% this morning. are it reported a horrendous quarter last night and said that business is not going to improve any time soon. Actually, those are my words, because the Apollo Group’s quarterly report is full of misdirection and glowing commentary like:

The Company continues initiatives to reengineer business processes and refine its delivery structure, while maintaining a commitment to enhance the student educational experience and outcomes.

That’s how the company introduces the business outlook section of their quarterly report which then goes on to explain the huge charges and write downs and layoffs and campus closings that the company is being forced to do in the name of trying to save their so-called business. I am not reducing the size of this short at all today and in fact, I’ll probably try to buy some puts in the name as we have in the past to big profits. I’ll sit tight with the stock now less than 1/2 the price it was when we shorted it near its all-time high. Go shortie!

Lindsay LNN, our main water investment, is down today about 5% after a quarterly report that was a bit soft on the bottomline, but full of growth and promise on the topline. No change for me there either as we’ve got some great profits in this one and I think it can go much higher over the next few years still.

My bankruptcy trade is down a penny this morning, and I’m not doing anything else with it for now. I might add a little more to it below 5 cents a share, but this is a small, short-term trade/gamble and I’m not going to put much more capital in it no matter.

 

 

 

 

 

 

 

Related posts:

Cody Kiss & Tell: IEF Option Strategies, Bold Gold Targets, and No "Puttering" in the Chat
Lessons from one of the times I nailed the market bottom
Now is a better time to panic if you really want to
Blackberry blows up (and corrected Trades of the Week)
Okay, I'm stepping up and buying and I'm getting more aggressive...
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Filed Under: Trading

Disclosure: At the time of publication, the firm in which Willard is a partner and/or Mr. Willard had positions in some of the stocks mentioned above although positions can change at any time and without notice.

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This does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation of any security or cryptocurrency or token any other product or service by Cody Willard or any other third party. Furthermore, nothing in this is intended to provide tax, legal, or investment advice and nothing in this should be construed as a recommendation to buy, sell, or hold any investment or security or cryptocurrency or token or to engage in any investment strategy or transaction. You are solely responsible for determining whether any investment, investment strategy, security or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. You should consult your business advisor, attorney, or tax and accounting advisor regarding your specific business, legal or tax situation.

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