• 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
    • Testimonials
    • FAQ
    • Contact
    • Privacy Policy
    • Support
    • Money management services
    • Public Speaking
    • Cancellation Policy
    • Login

Trade Alert: Scaling into more Sony

September 17, 2014 by Cody Willard

Troops on the ground, war escalating, currency wars in full fog, and the markets keep chugging right along. Steady as she goes til she stops, I guess. I’m looking to scale into some of my long positions that I’m still slowly building. The bulls are scared while the bears are dead. I’ve been saying that the path of least resistance for the markets has been sideways for a few weeks now. Still is sideways with a slight upward bias now.

Sony cut its dividend and warns about the smartphone business. As I wrote last week when I initiated a my buying on SNE, “They’ve failed as smartphone vendors in the long lost joint venture with Ericsson and ever since.”

As I wrote on Monday, “I am however still scaling into some Sony, making it a mid-sized position for now.”

I am not terribly surprised about Sony’s warnings today and frankly they give us the chance to start making this bet even lower than we would have otherwise. I’m not about to say that we’re going to get a 100X return on our money with this SNE common stock like I did with my AAPL common stock from the time I first started buying Apple, but I do recall that AAPL took a 5-10% hit right after I started buying it back at about $1 per share in 2003. The stock was pre-split at $14 a share and it dipped to $13 or so before starting its long, long ascent higher and marking its final bottom right there at $13 or so. I think Sony’s pullback today gives me the chance to finish making this a mid-sized position at a lower price than I otherwise would have.

 

Related posts:

Trade Alert: Removing CIEN and JDSU plus Updated Analysis for BKS, INVN
Trade Alert: Taking some profits on our Sony call options
Trade Alert: Prepare For Better Times
Trade Alert: Betting on Peanuts
Trade Alert: INTU (and full report on Gold vs Oil for the next five years)
  • Twitter
  • YouTube
  • iTunes Podcasts
  • SoundCloud

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

Primary Sidebar

Must Read Articles (Free)

How To Invest In Business Models From Outer Space
Everything You Need To Know About Cryptocurrencies

You are not currently logged in.








» Register
» Lost your Password?

Subscribe now. You can cancel at anytime.

Buy with Crypto

Footer

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.

Copyright © 2023 · Magazine Pro on Genesis Framework · WordPress · Log in