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Trade Alert: Whipsaws, fear, two nibbles, one sell

May 22, 2019 by Cody Willard Leave a Comment

Whipsaws and fear are prevalent in the market today. I did a little nibbling on QCOM. Yes, the company has been anti-competitive, but most of what the judge was upset about is exactly what Qualcomm’s new deal with Apple addressed. Meanwhile, this remains a very cheap stock, trading at about 10x next year’s earnings with a 3.5% dividend right before The 5G Revolution, of which it is perhaps the primary early beneficiary, is about to hit.

I also, yes, nibbled a little more Tesla today. Don’t try to pick the bottom, but if the company survives the next 12 months and sells 350,000 cars, the stock will be fine. If not, like I’ve said all along, there’s probably more down side. If the company sells 400,000 or more cars this year, the stock will likely be up pretty good from here. I believe Tesla will sell enough cars and this is a truly Revolutionary company. That said, it sure hasn’t been fun owning the stock so far. Be careful out there.

I also have let go of my COMM. I’d just recently added to the position, but I’d rather own QCOM or TSLA than COMM, for example, and I just want to continue to be ruthless in cutting losses and keeping my positions tight.

 

 

 

Related posts:

Trade Alert: The last time the market broke my heart
Trade Alert: Covering Some Shorts In The Reflecting Softbank Sun Light
Trade Alert: Nibbling Five Stocks Or So
Trade Alert: Giga nibble (and remembering panic)
Hear Me Speak, Democrats Love Bubbles Too, Tesla Trillion, Sell Some Bitcoin, And More
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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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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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