We’ve got about two stocks in the green for every one stock in the red, but the markets are up only fractionally. The biggest trading news of the day is the fact that TXN has rallied off the lower levels it traded at last night after hours and early this morning. It’s now flat […]
Texas Instruments ia a huge semiconducto…
Texas Instruments ia a huge semiconductor company with important customers throughout the world (though Nokia is a major customer and Nokia’s loss of marketshare is continuing to hurt TI). TI just reported earnings and the company slightly missed both top and bottom line estimates. Fundamental analysis on TI’s report will center on the impact they […]
Subscriber question regarding my earlier…
Subscriber question regarding my earlier post about LPS’ continued problems and cited MERS as the source of those problems: “What is the relationship of MERS to LPS?” Answer: LPS runs MERS and is essentially in charge of servicing the mortgages in it.
You just can’t make this stuff up. I ju…
You just can’t make this stuff up. I just got spammed from….S&P! These idiots owned by a old-school publishing company, McGraw-Hill. In fact, I’ve worked on shorting these ratings companies, as I’ve noted in the past in my newsletters, because they are complicit and guilty of much of the fraud and corruption that caused the […]
Like most traders today, most of the pro…
Like most traders today, most of the profits on our sheets today come from our shortside bets. Things continue to heat up for LPS, which is now down about $4 per share in the last couple weeks. I expect to stay short LPS for a long time as I expect that someday the stock would […]
Now that we’ve rallied a full 1% off the…
Now that we’ve rallied a full 1% off the Nasdaq lows (though we’re still down more than 1% on the day), aren’t you glad you didn’t panic and sell this morning over the revelation from S&P that there’s some concern about the ability for the US to endlessly borrow trillions of dollars from foreign and […]
There won’t be a bell rung to let you kn…
There won’t be a bell rung to let you know when the sell off has played itself out. Again, I don’t expect we’ll see much if any lift intraday today…and tomorrow will be a new day that we’ll evaluate when it gets here. More importantly, as I keep telling you guys, is that we’re trying […]
S&P negative on U.S. debt Standard …
S&P negative on U.S. debt Standard & Poor’s cuts its ratings outlook on the U.S. to negative from stable, keeping its Triple-A rating on the world’s largest economy. Stocks decline even as Treasury Department mounts defense. • Text of S&P’s downgrade of U.S. ratings outlook | Treasury yields fall to lowest in three weeks • Budget proposals from […]
And as we close out the week, I don’t ex…
And as we close out the week, I don’t expect I’ll be doing any more trades other than having doubled my Google long position, using only common stock in that one so far. I’m flying out to Dallas to be a “celebrity” waiter at a charity event for www.childabusepreventioncenter.org. In the meantime, here are my […]
I really am buying some real estate here…
I really am buying some real estate here in NM. Here’s my recent real estate asset class write up from the 20 Trades to Save Your Portfolio in 2011 report: Real estate The single biggest concern about real estate is that the robo-signing/mortgage fraud and all the other anarchic disregard for rule of law […]
Another day at the casino, and the marke…
Another day at the casino, and the markets are trying to crawl higher despite the ugly reaction to a decent fundamental Google report. Google’s down 6% on the day and having a hard time stabilizing, despite my theory last night that we’d likely see it trade to flat today in reaction to that report. Google […]
Remember — it’s not the news that matte…
Remember — it’s not the news that matters, but the market’s reaction to the news that matters. Google reports… Topline at $6.54 billion is about 5% better than consensus. Bottomline at $8.08 per share is inline versus the $8.10 consensus. The media will call it a miss, but it would be a miss if […]
The only trigger I pulled today was putt…
The only trigger I pulled today was putting a down payment on some acreage here in my hometown of Ruidoso. No stock trades, which is no surprise given my wanting to get through earnings season before doing much more stock/option trading for now. Here comes Google. Buckle up!
I’m republishing this for the email subs…
I’m republishing this for the email subscribers so you can tell where Marcin’s comments stop and mine start (look for the =====) One of my Wall Street mentors wrote the following today: Robert Marcin The Hubris of The Bulls… 4/14/2011 10:37 AM EDT Not the equity bulls. They had their head chopped off in 2008-2009. […]
One of my Wall Street mentors wrote the …
One of my Wall Street mentors wrote the following today: Robert Marcin The Hubris of The Bulls… 4/14/2011 10:37 AM EDT Not the equity bulls. They had their head chopped off in 2008-2009. Even after a historic rally, they are subdued. I mean the commodity/precious metal bulls, currently the most arrogant group of investors on […]
I was asked yesterday to comment on the …
I was asked yesterday to comment on the budget and debt ceiling “crises” by a subscriber who wondered why I hadn’t been talking much about them and how they could affect our portfolio. After all, those two topics are typically dominating the business pages and business TV shows these days. The reason I’ve been mostly […]
Things are heating up for Lender Process…
Things are heating up for Lender Processing Services…here are a couple articles detailing how bad LPS is losing in the courts. First, from David Foster of Height Analytics: As background, this involves The Wilsons (homeowner), LPS, and OptionOne. Fidelity is part of LPS, Cash and Goebel represent LPS, Simmons and Boles represent OptionOne. The court […]
They say one of the things that separate…
They say one of the things that separates the great NFL quarterbacks from the the lesser ones is the amount of time the Peytons and Bradys put in watching film. They go back and watch the replays of their best and worst moves so they learn from experience. Great traders do the same. So, let’s […]
A little bit of lift this morning in the…
A little bit of lift this morning in the broader stock markets to counter yesterday’s deflating action. Quarterly earnings reports are indeed catalyzing some big moves. Oh, including Riverbed. Nice 15% pop after the company reported a better than expected quarter and guided higher for next. I bought more last week – hope you did […]
Whoa, it’s been a straight down day of a…
Whoa, it’s been a straight down day of action since the open and we’re finally stabilized here down about 1%. It could get be a wild day with another 1% intraday move either up or down before this day is over, given that we’ve been so flattish for so long. Easy does it but if […]