It's sad to think about all the hundreds of billions of dollars that have been torched as Wall Street met what seemed like endless demand for new issues with a bunch of not-so-good companies. Whenever I scroll through any lists of small- to mid-cap stocks, I'm amazed at how many of them are so bad. The prospects are questionable, they're burning through cash, sometimes … [Read more...] about Trade Alert: Avoiding The Frauds, Finding The Opportunities
Trade Alert: Fear In The Air, Here Are The Trades I’m Making
You can smell the fear building in the air on Wall Street. And there's the stench of fraud, silliness and stupid cryptos rotting away. This is exactly what I've been saying I expect will happen in the crypto industry for the last year with 99.99% or more of the current batch of cryptos being silly, stupid and/or fraudulent. I went ahead and nibbled some BITO in the hedge … [Read more...] about Trade Alert: Fear In The Air, Here Are The Trades I’m Making
Trade Alert: Cleaning Up The Portfolio As Rates Continue To Rise
A few housekeeping items to start here. I've been scaling out of IBB, XBI and JD, taking gains on all of them, the prior two being short-term gains and the JD position being one we have owned for years. I still think biotech might be a pretty good sector to be in for the next year or two, but I want to clean up the portfolio and reduce the number of positions again, for … [Read more...] about Trade Alert: Cleaning Up The Portfolio As Rates Continue To Rise
Trade Alert: Remembering The Other Crashes And What I’m Buying Now
We'll do this week's Live Q&A tomorrow at 4pm ET using the following link so we can all talk live over video conference. I'll post out link tomorrow in the chat room before the call starts but you can also just post your question in the chat room at any time between now and then or hit reply to this email and we will include your question in the chat. (We're going to use … [Read more...] about Trade Alert: Remembering The Other Crashes And What I’m Buying Now
Some Stocks Have Already Bottomed, But It’s Still Precarious
Stocks are down pre-market after huge up moves again yesterday, coming on top of the big up move we saw Monday which came after the big panicky sell-off last week. Fear finally got too extreme and the markets got set up nicely for at least a short-term bounce. As I'd noted late last week: "With markets touching their crashed lows from a few weeks ago and with many, many stocks … [Read more...] about Some Stocks Have Already Bottomed, But It’s Still Precarious
What Can We Learn From The Headlines: EV BKs, Central Bank Follies, Space Trillions(!)
Let's run through some recent headlines and see if we learn anything: We'll start off with a headline that we've been (sadly, contrarian-ily) needing to see in hopes that the markets can eventually start putting in a real, long-term bottom: Electric Last Mile Solutions Files For Chapter 7 Bankruptcy Jun 17, 2022 — In the voluntary petition for Chapter 7 bankruptcy, … [Read more...] about What Can We Learn From The Headlines: EV BKs, Central Bank Follies, Space Trillions(!)
Market/Economic Analysis: The Good News And The Bad News After Today’s Market Melt-Down
First off, I'll mention that in the hedge fund, I did nibble some more Intel INTC yet again. I nibbled some call options on GOOG and META, dated out to next week and/or into late October, mostly with strike prices about 10-20% out of the money (10-20% higher than today's closing price). I opened up a little more long exposure to NVDA by covering some short calls I had. I sold … [Read more...] about Market/Economic Analysis: The Good News And The Bad News After Today’s Market Melt-Down
Cody Kiss & Tell: 5 stocks worthy of deployment, getting back in the game, scaling in
RealMoney readers this is a free sample of some of the many features and insights you get from being a subscriber to TradingWithCody. Be sure to sign up today to become a better investor and trader. Be sure and download the TradingWithCody app and join the discussion. Q. I am literally in 90% cash and looking to get it back to work. Looking for a bit of a plan to start … [Read more...] about Cody Kiss & Tell: 5 stocks worthy of deployment, getting back in the game, scaling in
Cody Kiss & Tell: VW fraud, Sony video, chasing stocks and more
Howdy folks, let's get started on this week's LIVE Q&A Chat. Ask me anything for the next hour or so and you'll get my best answers in real-time. PS. I try to stop by in this Trading With Cody Chat Room at least a few times every day, so come by anytime and ask me anything and I'll try to get your questions within a few hours of your having asked them. Q. When do we add … [Read more...] about Cody Kiss & Tell: VW fraud, Sony video, chasing stocks and more