Latest positions (and Trade Alert – Noogle Gibble, er Google Nibble)

The good news is that there’s been a definite spike in fear about both Apple and even the broader markets despite how tough they’ve been hanging the last couple days. That doesn’t mean we’ll spike Monday, but again, I do think the path of least resistance is up for the near-term.

I’m not buying back the Apple calls that we sold (see: http://tradingwithcody.com/2013/01/02/trade-alert-the-facts-about-the-fiscal-cliff-bill-and-a-couple-trims-into-the-euphoria/) just a couple days ago when the stock was near $550, or nearly 5% higher than the current quote. No rush, I’ve still got a lot of Apple exposure.

I am however, buying a small tranche of Google calls, dated out into June or so with strikes near $800.

Other than that, easy does it, as usual. Do not force any trades. The playbook and strategy and tactics we use are still play.

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Here’s a list of my latest positions in approximate order from largest to smallest. I give each stock a current rating from 1 to 10, 1 being “Get out of this position now!” and 10 being “Sell the farm, I’ve found a perfect investment” (there will never be a 10 rating, because there is no such thing as a perfect investment, of course). Anyway, here’s the list:

Longs –

  • Apple (9)
  • Facebook (8)
  • Amazon (8)
  • Sandisk (8)
  • Google (9)
  • Fusion-IO (9)
  • Lindsay (7)
  • Baidu (8)
  • Qualcomm (8)
  • Broadcom (7)
  • F5 (6)
  • Nuance (7)

Shorts –

  • Apollo (8)
  • Dollar General (8)
  • Dollar Tree (8)
  • JPM (9)
  • LPS (9)
  • MS (9)
  • PSO (8)
  • GLD (7)

Binary Outcome Trade (a bet that the stock will either go up big or go down big in coming months) –

  • Long MSFT calls and puts – (8)