Hermes: "Here, Dwight. The boots only cost 299 dollars and 99 cents. You invest this penny like you wanted." Dwight: "Thanks, dad. I'm gonna take this and buy 5 shares of Amazon dot com!" Hermes: "A risk taker! That's my boy." Futurama cartoon episode from July 2003 (which was probably written at least a few months before that, say early 2003) I stumbled upon an amazing … [Read more...] about Buy AMZN next time it’s the butt of a Futurama joke (and a Trade Alert: Small NVDA hedge)
Trade Alert
Trade Alert: Hedges, Dumbest mistakes under 30s make, Contrarian indicators & much more
I have to admit that this week's Live Q&A Chat was full of questions that were ebullient and free of worry. I think it might be time to nibble a few index put hedges here. I'm nibbling a few puts in the usual suspects, including SMH, IGV and SPY. Strike prices that are about 5% out of the money on the SPY and dated out to December or maybe January. Here's the … [Read more...] about Trade Alert: Hedges, Dumbest mistakes under 30s make, Contrarian indicators & much more
Trade Alert: A little space nibble (and a pic of my unicorns)
I'm nibbling a little more SPCE (formerly IPOA), officially Virgin Galactic Holdings. The stock's going to be volatile as it's basically a venture capital bet on the future of space flight (and/or on what I expect will be a coming Space Stock Bubble) and there are no earnings or cash flows to speak of for now. I'm not making SPCE a big position at all, but a little nibble here … [Read more...] about Trade Alert: A little space nibble (and a pic of my unicorns)
Trade Alert and analysis: FB vs SNAP vs TWTR
Facebook hit critical mass a long time ago and the network effects from doing so continues to pay off for the company. I've mentioned before that the stock would probably be worth 70% less if Facebook hadn't acquired Instagram and Whatsapp. Instagram, in particular, basically saved this company from becoming the next MySpace. But what is Facebook doing now to stay relevant and … [Read more...] about Trade Alert and analysis: FB vs SNAP vs TWTR
Trade Alert: Earnings analysis for Tesla, Twitter, Snap, Amazon and First Solar
I got home from NYC and to bed late at 3am in NM last night (this morning?) and got play with Amaris for a while before I came into the office a few hours late. We've had a few wild earnings reports this week while I was in NYC. Here's my take on them. Snap - Snap added 7 million daily active users this quarter to hit 210 million, up 13% year-over-year. Snap also beat on … [Read more...] about Trade Alert: Earnings analysis for Tesla, Twitter, Snap, Amazon and First Solar
Trade Alert: Trimming and hedging into the euphoric rally (and I’m now bullish on some pot stocks)
Back about six weeks ago, on a Friday afternoon of August 23, the markets got crushed because of a Grumpy Trump Tweet about the trade war with China. As I tweeted at the time: "Methinks it might be a good time to buy when the markets are down 3% because of a Tweet." I was much more detailed in my Trading With Cody Trade Alert at the time: "I’ll write more about this … [Read more...] about Trade Alert: Trimming and hedging into the euphoric rally (and I’m now bullish on some pot stocks)
Trade Alert: UBER + Matrix, Space Stocks, Slack, China De-listings, etc
Q. Thanks for your update. I'm 80% cash, nibbling slowly on your names. Question: Does part of you wonder if this might become 2001 again where high fliers like WORK fall 50% - 70%? I've been nibbling your recommendations steadily, but they keep putting in lower lows - and we haven't had a real breakdown yet? Why would the market rally now? Tariffs, impeachment, recession … [Read more...] about Trade Alert: UBER + Matrix, Space Stocks, Slack, China De-listings, etc
CORRECTED – Trade Alert: Not zen about ZEN (and a note on Tesla and Slack)
I'm headed back to NYC tomorrow night, though we'll have the chat tomorrow. I'm scheduled to be on Neil Cavuto's Fox Business show at noon ET or so on Wednesday. I've also got a meeting with the CEO of Republic, a hedge fund manager or two and so on. First off, I'll mention that I'm giving up on Zendesk ZEN, selling it here in the low $70s. It's a good company and all, but … [Read more...] about CORRECTED – Trade Alert: Not zen about ZEN (and a note on Tesla and Slack)
Trade Alert: NFLX, WORK, FSLR and covering some hedges
The broader indices are hiding the overwhelming bear market that the typical stock is currently in. The highflyers, the cloud names, software stocks, Chinese stocks -- there's a bear market in many sectors out there. Many stocks, even good companies' stocks like ROKU and SHOP and TTD are down 30-50%. Even Netflix is more than 30% from its recent highs. IPOs are suddenly hated … [Read more...] about Trade Alert: NFLX, WORK, FSLR and covering some hedges
Trade Alert: How to work with WORK (Slack) and two nibbles
The indices are hiding just how badly some of the highflying momentum stocks are being crushed out there. Cloud names especially are being hit hard, with many like TTD, OKTA, TWLO down double digit percentages. I've started a position in WORK here. The stock is down another 10% today, and it's been killed since it came public just a few weeks ago. I do think Slack is a new … [Read more...] about Trade Alert: How to work with WORK (Slack) and two nibbles