Here’s a list of my positions, in order from biggest to smallest, after all the selling I did last week and the moves I made yesterday too: Longs – Sandisk Google Cisco Marvell Microsoft Cypress Nuance Apple Corning Riverbed Visteon DBA Ciena Adtran Shorts – Lender Processing Services Wells Fargo SLV GLD Cablevision Live Nation […]
What would you do if you were about to allocate cash right now…
You ever think about how many times you have to cast when you flyfish to catch a monster trout? It’s like that in trading too, isn’t it? You have to cast and cast and hope that everything comes to together and you eventually catch a few big ones, and some of those you actually nail […]
A daily recap and a first look at the LPS report…
It was a pretty ugly day masked by some flattish action in the broader indices. I did sell down the stocks and calls I’d mentioned I was looking to and I still have a little bit more working on the same sell orders tomorrow. LPS is out and it’s pretty darn ugly, IMHO. Recall that […]
Starting today, what companies and positions (options only) would you open…
It was due. A pullback, that is. I mean, take a look at this Nasdaq chart: It was literally straight up for the last week. And now we get the pullback. If you were feeling naked or underinvested or like you’ve missed the rally at yesterday’s highs, then you now have a chance to scale […]
As Cramer used to tell me in our sit downs — discipline trumps conviction…
I almost wrote yesterday about how the hardest trade to make was to let our aggressive stance ride — the hardest trade when you’ve been as aggressively long as we have been was to not trade at all. That was yesterday and that was before we had half our longs up yet another 5% plus […]
It remains my biggest short and I continue to…
For the last few months, I’ve not minced words as I’ve repeatedly flagged Lender Processing Services as one of the clearest scapegoats of the cloudy-title/robo-signing/foreclosure-gate debacle, calling over and over “The Best Short in the Market“. I’ve called the stunning lack of simply following standard real estate law that seems to have become industry standard […]
Here’s an answer to a recent subscriber email. More of these to come…
I just bought some more. I used expiration dates six to eight months out and am using slightly out of the money strikes on the MSFT calls I just bought here. Here’s an answer to a recent subscriber email. More of these to come. “have you thought about the oct calls for dba? that’s a position […]
Nice gains in the portfolio today and let’s run through the positions that are moving…
The markets bounce this morning and near the DJIA 12k pivot point once again. We’ve got some nice gains in the portfolio today and let’s run through a few of the positions that are moving with the most magnitude – VC – I’ve been steadily adding to Visteon and got more aggressive about buying it […]
Our bet against the biggest loser in the mortgage/robosigning/foreclosure-gate debacle…
It’s an ugly day for the markets but the biggest decliners on our sheets are, at least for now today, our two biggest shorts. Our bet against the biggest loser in the mortgage/robosigning/foreclosure-gate debacle, Lender Processing Services, is hitting yet new 52-week lows again, giving us some more outsized gains in the puts we’ve been […]
I still have the notes I took from a meeting I had with Jim Cramer back in September 2002…
Oh, so there are some days when the markets don’t just drip steadily lower all day. I’d almost forgotten what it was like to see the blinking lights in green and not red after six straight down days coming on top of five straight down weeks. I’m starting to think we’re really primed for a […]