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Trade Alert: Adding to two positions (and I’m no longer bearish on GE, just FYI)

November 12, 2018 by Cody Willard 1 Comment

Well, I’d mentioned that I didn’t think the selling was all over yet, and sure enough, it’s gotten to be ugly again. There’s some outright panicky action going on in a lot of names out there and I think there’s probably some good nibbling opportunities here this morning in this whoosh down. So here’s what I’m doing today, just nibbling some favorites — GE might even finally be a decent buy down here below $8 per share, though I’m not personally buying it. If nothing else, let me just go on the record today as going from long-time GE bear to newfound GE bull.

I’d also mention that you might want to trim some more of your SPY and QQQ puts today if you haven’t already.

Anyway, here are the trades I’m going to make this morning.

I’m buying back about half of the shares of Palo Alto Network PANW that I’d sold when the stock was more than 30% higher than the current quote.

I’m adding a small second tranche of SNAP, making it still a very small position in the portfolio.

I’d rather be a buyer (nibbler) when people are scared, just like we were sellers (trimmers) when people were greedy.

Easy does it, be careful, be cautious…and today, let’s be a little bit opportunistic too.

I’ve been working hard on a long form analysis about our strategies and will be sending that out later today or tomorrow.

Also, this week, let’s do the Live Q&A Chat tomorrow (Tuesday) at 11am ET (instead of the usual 9am ET). I’ll also take questions over the phone on our conference call line (Dial-in: 641-715-0700 Access Code: 709981) or just hit reply on this email to send us your question.

 

 

Related posts:

Trade Alert: Buying more Peanuts (and check out the new TWC Android App!)
Trade Alert: Economic analysis and adding to a short
Trade Alert: Everybody's amazed at Amazon but that makes me worried
Trade Alert: Fixed Happiness link and STX roll up
Ten Years Of Trading With Cody: Fear Is Now Greed
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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.

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  1. carl tropper says

    November 12, 2018 at 11:40 am

    @cody NVDA? Cracked your magic line of 200.

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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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