Well, we'd spent the last two or three weeks trimming, selling and hedging to try to prepare for the kind of sell-off the markets are now going through. I'm kicking myself for not having pulled more triggers on short ideas with China's major trading partners, as I'd suggested we look to do as the COVID-19/Novel Coronavirus (seems like the media has gone back to calling it … [Read more...] about Trade Alert: Nibbling, covering and being cool when others panic
Why aren’t economists/traders worried about COVID-19?, Bitcoin’s a real thing, Gold’s next move and much more
I had two main takeaways from the panel I hosted at the CFA Austin annual dinner where the topic was The US and China: When Two Global Economies Collide: Nobody on the panel seemed to be very concerned about COVID-19 and the potential longer-term market/economic ramifications that might come from it. Which makes me more concerned about those potential ramifications, of … [Read more...] about Why aren’t economists/traders worried about COVID-19?, Bitcoin’s a real thing, Gold’s next move and much more
Remain Cautious: Apple blames COVID-19 for miss
Happy President's Day. Apple says coronavirus effects will cause revenues to fall short of guidance That's not good news, but we were quite preparing for this weren't we? Also, we'll have to see just how big the market reaction will be to this news tomorrow. Futures had been pointing to an open of nearly half of one percent on the Nasdaq before this news hit a few hours … [Read more...] about Remain Cautious: Apple blames COVID-19 for miss
COVID 19, Stocks, Gold, Bitcoin (and Trade Alert: Trim some SPCE!)
Before we jump into the transcript from this week's Live Q&A Chat, I'll just mention that it's not normal to buy a stock and have it go up 300% in three months. (TSLA) and (SPCE) are literally up 4x from their lows last year. You'll note below that I'm trimming more SPCE here today. Meanwhile, the markets continue to look past Covid-19, the coronavirus epidemic and CEOs … [Read more...] about COVID 19, Stocks, Gold, Bitcoin (and Trade Alert: Trim some SPCE!)
Strategies For A Bubble-Blowing Bull Market Rally On Steroids
Gravity can't keep me in place, Gravity won't let them escape, Gravity still laughs in my face. - The Muddy Souls What's driving this latest rally that's gone into overdrive in our long-going Bubble-Blowing Bull Market? Let's analyze and strategize. It's essentially a gravitational force that is pulling down on trillions of dollars worth of savings and net worth around … [Read more...] about Strategies For A Bubble-Blowing Bull Market Rally On Steroids
Earnings season, Sanders vs Trump, Monopolies and much more
I had a very productive and interesting three days in NYC. Lots of meetings, running around the city, learning and networking. See pics below. Here's the transcript for this week's Live Q&A Chat. Stay vigilant out there. Q. Are you tempted to trim the Chinese holdings due to coronavirus uncertainty? A. I've already trimmed them along with most of the portfolio in … [Read more...] about Earnings season, Sanders vs Trump, Monopolies and much more
Coronavirus Ramifications and Why It’s Still a Good Time to Be Cautious
The markets today are acting like: "What coronavirus?" as the major indices bounce about 1%. Oh, and then there's Tesla TSLA TESLA(!) up another [checks screen, rubs eyes, doubles checks screen] 20% today and up more than 250% from where we loading up on it as my favorite pick just nine months ago. But let's focus on coronavirus, especially since the market isn't focusing … [Read more...] about Coronavirus Ramifications and Why It’s Still a Good Time to Be Cautious
Selling it all, Uber vs Lyft, Chiefs by 30, Space Revolution Loser and much more
Here's the transcript from this week's Live Q&A Chat. Not much fear in the chat room and that sometimes makes me a little bit worried. Q. Do you think there will be decent pullback? (Different from panicky sell off). A. At some point, definitely. Whether that starts today or next week or next month or next quarter, is a tougher question. Q. Cody, I sold some over … [Read more...] about Selling it all, Uber vs Lyft, Chiefs by 30, Space Revolution Loser and much more
Latest Positions Part 3: FANG, DIS, Space Stocks, Defense, Crypto, Shorts
Markets were nasty today with coronavirus fear. I'd rather nibble some of what we trimmed or cover some hedges than panic with the markets right now. In the meantime, here is Part 3 of 3 of my latest personal portfolio positions and most of the hedge fund positions with updated commentary and ratings for each position. The ratings for each stock go from 1 to 10, 1 being “Get … [Read more...] about Latest Positions Part 3: FANG, DIS, Space Stocks, Defense, Crypto, Shorts
Latest Positions: WORK, PANW, SQ, NVDA, TSM, SEDG, FSLR, JD, BIDU
I just got scheduled to do a Fox Business hit to talk about the markets and earnings and what not today at around 2pm ET. Here is a Part 2 of 3 of my latest personal portfolio positions and most of the hedge fund positions with updated commentary and ratings for each position. I’ll send out Part 3 this weekend. The ratings for each stock go from 1 to 10, 1 being “Get out … [Read more...] about Latest Positions: WORK, PANW, SQ, NVDA, TSM, SEDG, FSLR, JD, BIDU