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
Trade Alert
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
Trade Alert: Uber, Dogs in Tesla, Family hugs, Best Uranium stocks
Morning all. We did a weekly Q&A in the chat room this morning, even though I didn't send out a notice to everybody. I'm baaaack from NYC and I'll have some analysis and ideas from NYC that I'll be writing up for you this week, so stay tuned. Q. Do you recommend playing this market more on swing trades as it's a more volatile period? For instance, we have a week where … [Read more...] about Trade Alert: Uber, Dogs in Tesla, Family hugs, Best Uranium stocks
Trade Alert: MO no mo’, Moronicoin, Gronkoin, Tesla, Google and Gold
Here's the transcript from this week's Live Q&A Chat. I'm selling my Altria MO today, more details below. Q. Best guess. When are negative interest rates coming to US? Will that crash the stock market or blow bubble even bigger? A. If the negative interest rate infection comes to the US it will be because the Republican Democrat Regime and the bankers who help run it … [Read more...] about Trade Alert: MO no mo’, Moronicoin, Gronkoin, Tesla, Google and Gold
Trade Alert: The wild August market gyrations continue
All it took was yet another tweet tit for a tariff tat to get the markets are worried about The Great Trade War of the 21st Century. Is the trade war going to create a US recession? Can it be resolved before one hits? I'll write more about this stuff this weekend, but I wanted to get this Trade Alert out while the markets are in panicky sell-off mode. I'm covering a little … [Read more...] about Trade Alert: The wild August market gyrations continue
Telsa-like intuition, The Roku of Food, Pot might finally be a buy and a Trade Alert
Here's the transcript for this week's Live Q&A Chat. Q. When looking to build a core position to hold with conviction for many years please describe your thought process. Is intuition a significant part of that? A. Interesting you should ask that question. I just wrote this in my most recent hedge fund investor update: "Lately, I've been reading a biography of … [Read more...] about Telsa-like intuition, The Roku of Food, Pot might finally be a buy and a Trade Alert
Trade Alert: The algo’s and media suddenly fear Recession
This morning, apparently the "real" yield curve inverted. Not that fake yield curve that inverted a few times already, in which you might have made the mistake of thinking that the 30-year Treasury or the 3-month Treasury might be important. No, apparently, it was only the 10 year and the 2 year that matter as inverted indicators. And as every single outlet I read today … [Read more...] about Trade Alert: The algo’s and media suddenly fear Recession
Trade Alert: Trimming into this big rally
I'm getting a bit dizzy with these wild swings in the markets but at least we've had some nice success using the swings to our advantage. Just yesterday, I wrote: "It’s been an absolutely wild week and a half of action. Another swift sell-off from the highs *checks charts* uh, two trading days ago. I’m selling a few index puts here, unloading a little bit of protection. … [Read more...] about Trade Alert: Trimming into this big rally