Most of my stocks right now are at levels I’ve been buying at, but I’ve got a couple more names I want to add today, so stay tuned. We’re about to embark upon earnings season and it’s always a good idea to review our positions, so let’s run through some of the stocks that I’m […]
Nice rally to close the day as the contr…
Nice rally to close the day as the contra hour reversed yesterday’s ugly close and powered us steadily higher. I bought the DBA and that’s it today. One of my old mentors used to tease me about an answer I once gave on CNBC, when I answered Larry Kudlow’s question of “Cody, is the stock […]
I just bought some DBA, which is the sym…
I just bought some DBA, which is the symbol for the ETF otherwise known as Power Shares DB Agriculture Fund, an exchange-traded fund of food and agriculture related stocks. One of the core themes in my approach for the last few years o is a bet that the things we need are likely to go up […]
Pretty steady betty open today as the ma…
Pretty steady betty open today as the market needs more of a catalyst than a meaningless S&P downgrade of some irrelevant country in Europe that speaks Portugese. One of the things we have to do as traders is deal with missed opportunities. I’ve been all over the web and in my reports (you Trading With […]
My latest: Dismantling the “TA…
My latest: Dismantling the “TARP was paid back”” lie http://t.co/QQlnihm
Ugly, slippery action into the close and…
Ugly, slippery action into the close and the markets end lower on the day for the first time in a long while. Other than the LPS short, my trading sheets are bare today and that’s ok. I’ve got a couple more names I’m looking to buy, such as the DBA, which will reflects a basket […]
I added to my Lender Processing Services…
I added to my Lender Processing Services short. I’d buy long-dated puts on this name to boost my possible returns if the company collapses under prosecution as I expect it eventually will for its many roles in the ongoing rampant foreclosure and mortgage fraud systems in this country, but there aren’t any dated into 2012 […]
The steady climb higher continues up the…
The steady climb higher continues up the wall of worry built with bricks of middle east revolutions and Japan radiation fears. Goldman grants Nokia an upgrade. It almost sounds like he just read my recent writings on Nokia as he sites the complete confusion and disarray as the reason the stock is priced at the […]
I bought some Nuance and that’s about it…
I bought some Nuance and that’s about it into the close. Is the week already over?! It’s important for investors and traders to acknowledge the broader macro-economic cycle and how it can affect your portfolio. And more to the point, with government helping fund most of the biggest corporations and the financial sector that […]
The strong week continues and the market…
The strong week continues and the markets climb steadily higher for day 6 out of the last 7. Aren’t you glad you didn’t panic and sell into the Japan nuke collapse last week? Indeed, if you steadily scaled in and if you got aggressive with me when I said it was time to get more […]
Why is the market willing to pay a highe…
Why is the market willing to pay a higher multiple for Oracle that it is willing to pay for Research in Motion when Oracle is growing slower than Research in Motion? Oracle grew its topline 29% year over year in the quarterly report they just issued last night and is today trading at a 14x P/E ratio. […]
Steady opening this morning, as the mark…
Steady opening this morning, as the markets (rightly?) focus on Oracle and Accenture being better indicators of corporate earnings momentum than RIMM. RIMM, loses marketshare, but still grew their topline more than 30%, all because it happens to be in the fastest growing market in the history of the planet — smartphones/tablet/app revolution. Regardless, we […]
The market must not have read my morning…
The market must not have read my morning note about expecting it to stay mostly flat all day today, as the steady strength in most stocks built upon itself throughout the day and we ended near the highs with tech leading the way. After hours RIMM, a 2/10 Revolution Investing rated stock from my 50 […]
Google can’t scan and make every book ev…
Google can’t scan and make every book ever published available to the world because a Judge in NY thinks that consumers would be hurt if they were to get access to such information from only one company. So instead, we’re not allowed to get access to that information at all. Forget a monopoly…are they trying […]
Ciena, Cypress and a few others are real…
Ciena, Cypress and a few others are really putting on some nice moves this morning. The markets are drifting higher and I’m looking at adding a couple more short names today and tomorrow. Here’s my analysis on why I’m looking to start shorting Live Nation from my recent republished/updated report, 14 Stocks That Could Double […]
So the markets look as though they are g…
So the markets look as though they are going to try and stabilize here around the DJIA 12,000 level. I think we’re going to need some sort of a catalyst, perhaps some good news out of the middle east and a subsequent drop in the price of oil. Or, maybe some positive domestic economic confirmation. […]
Email from a Trading with Cody subscribe…
Email from a Trading with Cody subscriber: “Hey Cody! What do you think about the reverse split with Citi? Buy?? The other big banks? Buys? Thanks, Shawn.” Shawn, earlier this week, I started shorting the XLF of which Citi and its welfare-funded business is a part. Citi would be insolvent right now if not for […]
Its almost a welcome sight to see the ma…
Its almost a welcome sight to see the markets flattish to slightly down this morning after the recent wild volatility week we’ve been having. I’m itching to buy more but discipline always trumps itches. I will not force trades. I will not force trades. Say it with me. Great traders are as good at not […]
Like trying to skip stones in the tiny R…
Like trying to skip stones in the tiny Rio Ruidoso, where they might skip once only to wedge themselves into the muddy bank on the other side, so too act the stocks trying to make any kind of a significant move themselves today. Just a “thoomp” into the mud and we’re stuck at the close […]
These markets and the willingness for tr…
These markets and the willingness for traders to risk paying up for higher prices in the near-term is likely to be driven by the newsflow out of Japan. Regardless of the near-term multiple/risk appetite of the market, let’s remember the lessons we discussed about why we should pretty much just be ignoring (fill-in-the-blank foreign crisis, […]