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
Trade Alert
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!)
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
Trade Alert: Getting a bit more defensive
Good morning and welcome back to the circus. Coronavirus has gotten worse in the last two days, but the markets are looking past it for now, as I'd expected them to. However, after doing the Latest Positions round up and looking at our returns already this year, I'm going to go ahead and trim a little more across the board today, maybe 5% of most of my positions -- just to get … [Read more...] about Trade Alert: Getting a bit more defensive
Why SPCE Nearly Tripled, Signs of a Market Top, And Much More
Here's the transcript from this week's Q&A Chat, including two Trade Alerts -- trimming a tiny bit of SPCE and hedging a part of our BA position with puts. Q. Can you think of any sign(s) to watch for that might indicate an end to the current rally? A. Perhaps the end of this current market rally will come when the shorts finally give up. Watch Twitter for shorts … [Read more...] about Why SPCE Nearly Tripled, Signs of a Market Top, And Much More
Latest Positions Part 1: TSLA(!), UBER, FB, TWTR, SNAP, TMUS, QCOM, CSCO
Here is a Part 1 of 3 of the list my latest personal portfolio positions and most of the hedge fund positions with updated commentary and ratings for each position, including a couple Trade Alerts. I’ll send out Part 2 and Part 3 later this week. (And in the meantime, don’t forget to join me Wednesday morning at 10am ET for this week’s Live Q&A Chat. Come directly to the … [Read more...] about Latest Positions Part 1: TSLA(!), UBER, FB, TWTR, SNAP, TMUS, QCOM, CSCO
Trade Alert: What the market indicators say now
New York City was hopping last week. Ruidoso NM is hopping this week. The economy keeps chugging along, stocks keep going higher, what can possibly go wrong? Well, my friend, one thing I know is that the best time to think about and plan for what can go wrong is when it feels like nothing can go wrong. Perhaps it's because everybody who wants to buy has already bought. … [Read more...] about Trade Alert: What the market indicators say now
Trade Alert: Spotting a Musical Revolutionary Investment
A couple weeks ago I was doing some curls, standing next to my wife who had just finished her inaugural workout on our new Peloton bike when she starts tapping the Tesla-like screen on the front of the bike to create me an account too. She got to the third screen or so and says, "Do you want to log into your Spotify account so you can listen to your music while you workout?" It … [Read more...] about Trade Alert: Spotting a Musical Revolutionary Investment
Trade Alert: Markets start the year off with a bang
The markets are starting this year off with a bang, eh? Let's talk markets and a couple trades here. A couple weeks ago, on December 16 to be exact, I'd laid out my near-term market analysis with the following: "With the markets up another 3% or so in a straight line since I wrote that I think we’re more than halfway through the year-end rally I thought might come along. And … [Read more...] about Trade Alert: Markets start the year off with a bang
Trade Alert: Last minute gifts
Happy Holidays, Merry Christmas, etc. I seem to be one of the few people at my desk running full speed this fine Monday. I might have to sneak out and play some golf if the sun will peak out. Speaking of the holidays -- if you’re still looking for a special gift for someone in your life this holiday season, why not help them become a better investor and trader by giving them … [Read more...] about Trade Alert: Last minute gifts