It's another ugly open, and everybody expects the close to be even worse, since they assume nobody wants to buy before the weekend. I think people were thinking that yesterday already and that means maybe everybody who wanted to sell before the weekend already has. Good thing we aren't trying to game short-term market moves. Here's the playbook for this morning. I'm putting … [Read more...] about Trade Alert: Here’s the playbook
Trade Alert
Trade Alert: Getting a little longer as the market panics
Fear is palpable. Panic is in the air. Stock markets down 10% in a week. Headlines blaring fearful news. Time to nibble. Time to cover some shorts. With the DJIA down another 800 points today as I type this, I'm covering 15-20% of most of my short index hedges across the board. I'm nibbling on some AMD, some CSCO, some DIS, some FB, some QCOM, some ROKU (more on this … [Read more...] about Trade Alert: Getting a little longer as the market panics
What The Headlines Will Say About Coronavirus In A Month
The DJIA tried to rally and got up a full 450 points...before falling 600 points from that level and is now down 150 points as I write this. Even as I'd been so cautious and defensive and I'd warned repeatedly about how the market should not be looking past the Novel Coronavirus (the virus formerly known as COVID-19, formerly known as the Wuhan Virus), I'm, like you, worried … [Read more...] about What The Headlines Will Say About Coronavirus In A Month
Trade Alert: Nibbling, covering and being cool when others panic
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
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