• Skip to content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer

Trading With Cody

Long-term Revolution Investments and Real-time Trades from Cody Willard


  • Twitter

  • YouTube

  • iTunes Podcasts

  • SoundCloud
  • Trade Alerts
  • Latest Positions
  • All Archives
  • Chat Room
  • Books
  • About/FAQ/More Info
    • The Cody Willard Show
    • Testimonials
    • FAQ
    • Contact
    • Privacy Policy
    • Support
    • Money management services
    • Public Speaking
    • Login

Trade Alert – Thanking some gives and booking some face gains

November 21, 2012 by Cody Willard Leave a Comment

Let’s thank some gives today as we head into the holiday weekend. I’d mentioned the other day that Turkey Week is usually a mostly-up-market/bullish time, and such seems to be the case so far this week.

Facebook’s finally back to where it was after the most recent quarterly report. That was a classic set-up for our style of trading/investing as we sold calls at the highs around $24 immediately after that report and then bought them back when the stock dipped below $19 just a couple weeks later and now we have the opportunity to trim those calls again now that we’re back here above $24 again. I’m selling 1/10 of my FB calls today, which will be the closest-dated expirations on my list, which is the March 2013s with $22 or so strikes. If the stock rallies another 10% from here, I’ll likely trim some more of these calls as FB is now getting to be a very big position courtesy of these calls kicking in as the stock races past their strike price.

As for Apple? Apple is as Apple does. It’s all about whether or not the iPad Mini and the iPhone 5 sell like hotcakes into the xMas iPad/iPhone iSeason. I expect analysts to raise estimates in mid-December if sales are indeed booming. I bought more calls when the stock was below $510 last Friday and I’m not selling any of them yet.

I’m still on the road and trying to get settled back in but it looks like I won’t be able to make the weekly Live Q&A chat at 2pm EST today. With the holiday week, I’m not sure many of you were planning to make it either, so let’s just plan on returning to the normal schedule next Wednesday.

HPQ is probably a buy around $12 if you’ve got a time horizon of 18 months or more. Crappy company, crappy management, crappy acquisitions, crappy goodwill of $45 billion still left on the balance sheet AFTER the $9 billion write-down on Autonomy yesterday. I just can’t bring myself to buy the stock yet. I should have been short this sucker from $20.

Have a great T-day manana and hug your family.

 

 

 

  • Twitter
  • YouTube
  • iTunes Podcasts
  • SoundCloud

Related posts:

Trade Alert (Removing Three Longs) and Latest Positions
Trade Alert: Selling the puts, coloring up a bit more bullish
Trade Alert: Cycles, the Fed and why I'm selling this chip stock
Trade Alert - Bidding below for fruit but not booking the Facebook yet
Trade Alert - Selling most of my fuel-cell bubble puts for huge profits

Filed Under: Trade Alert

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.

Reader Interactions

Leave a Reply Cancel reply

You must be logged in to post a comment.

Primary Sidebar

You are not currently logged in.








» Register
» Lost your Password?

Subscribe now. You can cancel at anytime.

Footer

Disclosure: The firm in which Willard is a partner and/or Mr. Willard has positions in some of the stocks mentioned on this site although positions can change at any time and without notice.

Copyright © 2021 · Magazine Pro on Genesis Framework · WordPress · Log in