Well, another near panicky open has again subsided into something more gentle and we’ve likely washed out yet more of the weaker-handed longs with these repeated 1-2% intraday down swoons. I’m still waiting for something a little scarier/harder to buy before I get agressive again. And if I miss the bottom without having loaded up […]
Trade Alert: Time to buy?
Time to “buy”?. As always, there’s no set answer to that question, but the the shortest answer to that question is yes, we’re getting to the point where it’s probably time to start scaling into some more long side exposure as the markets have really started to get a panicky. I used the word “start” […]
My speech from the Apple Investor Summit
The markets are down fractionally and tech is soft. Sure wish I sensed more panic out there so I’d feel more comfortable making a stand right here. Alas, as is so often the case when it comes to your money, the best trades are often the ones we don’t make. I’ve nibbled some on the […]
Six Web Bubble 1.0 Stocks and Why I’m Watching Them
The best way to get a macro view is to assimilate as much data as possible. I know oil traders who track the number of construction cranes sold worldwide as an input in their crude demand models. And sometimes the best data comes from companies that are leading indicators of the broader economy. That’s why […]
Chat Transcript for Apr 25, 2012: Psychological scars, health care fallacies, and much more
Here’s the transcript of today’s chat. See you next week at 2pm EST at https://tradingwithcody.com/chat for more Q&A where you can ask me anything. Hi guys, let’s rock n roll. And by the way, if you want your profile picture to show here in the chat room and in the side bar chat on TradingWithCody.com, […]
What’s done is done
Guys, Apple’s earnings report is up in about 25 minutes. The tension is tangible amongst tech traders and investors. I hope that you are not so leveraged to Apple and that you’ve been patient and that you sold some when it was above $600 as I repeatedly pleaded with you all to do…and that you […]
Trade Alert: Covering lots of shorts and selling one long
If you really want something in life you have to work for it. Now quiet, they’re about to announce the lottery numbers. – Homer Simpson It sure got ugly in a hurry in tech, didn’t it? Just about the time that “tech feels safe” was about the time that the market topped. And now, now that […]
Pep talk: Keep your head up even when you’re down from the highs
And if it’s bad Don’t let it get you down, you can take it And if it hurts Don’t let them see you cry, you can take it Hold your head up, hold your head up Hold your head up, hold your head high – Argent Muddy Souls – Come Hold Your Head High Hey, let’s not be […]
A little Apple trim
It’s probably time to sell a little bit of our Apple here. I’m going to look to start letting gently offering some of my Apple shares, which has been my biggest position for a very long time, as you guys all know, up for sell here above $560 today. No rush, no reason to panic, […]
Today’s must-reads (and don’t forget to meet me for today’s chat at 2pm EST)
Here’s what I was reading and thinking about when I wasn’t trying to stay out of the crazy March winds of the Sacramento Mountains in beautiful southeastern New Mexico (come see this country sometime!). We’re all hooked on free money – Great article that nails a lot of important trends. I didn’t care much for his […]
Chat Transcript: Strategies, definitions and explanations for all your questions
Here’s the transcript of today’s chat. See you next week at 2pm EST at https://tradingwithcody.com/chat for more Q&A where you can ask me anything. Q. Cody: do you recommend leaps on some of your favorites e.g. FIO or do you prefer common? A. I like calls, call LEAPS (LEAPS are options that expire say, 12 […]
Who’s more scared and a Sandisk update
The markets are holding steady this morning and we remain near recent highs, which for the markets, also happen to be as high as they’ve been since last spring. The markets are near annual highs and the question that nobody seems to be asking is what happens if we bust through those highs and the […]
Focus on secular growth: Despite the Europe crisis, this tech stock has legs
Have you ever had those recurring dreams where you go to sleep and you can just feel that your mind is going to show you the same images again? The world is stuck in the euroTwilightZone, constantly replaying the cycle of relief/elation/anxiety/reality check in regards to every European country. When you have a major economy […]
New short name
Markets are in rally mode, up 1%, making them about even on the year, which is what they were last week and twelve months ago too. We’ll see more pitches come our way and the only way to continue our vast ourpeformance is to be very different in our approach than just about everybody else. […]
Today’s chat: LOGM, FIO, NUAN, Europe, and more
Here’s the transcript of today’s chat. We broke the questions and answers down into two sections as usual — Economy/markets/trading/strategy and Stocks. See you next week at 2pm EST at https://tradingwithcody.com/chat for more Q&A where you can ask me anything. Economy/markets/trading/strategy Q: Dear Cody, do you still see a possible year-end rally in tech? Thank […]
Marching bands and lots and lots of candy
We’ve got a pretty wildly volatile morning of trading going on as the markets have tried to rally, tried to fade, and now whip back and forth somewhere in between. I’m as ready for earnings next week as my niece was for last weekend’s Aspenfest parade here in Ruidoso. She got lots and lots of […]
18 stocks analyzed: Transcript from today’s chat…
Here’s the transcript of today’s chat. See you next week at 2pm EST at https://tradingwithcody.com/chat for more Q&A where you can ask me anything. Q: Cody, I remember you writing some time ago on MarketWatch that Intel will go to the moon, recommending investing into it. Why don’t you have INTC in your portfolio? A: […]
Avoiding losses is as important as making profits in the long run…
With one breath, with one flow, You will know Synchronicity A sleep trance, a dream dance, A shared romance, Synchronicity A connecting principle, Linked to the invisible Almost imperceptible, Something inexpressible Science insusceptible, Logic so inflexible Causally connectible, Yet nothing is invincible — The Police The markets and most stocks in them are simply trading by program right now. Like color by number, […]
Have we really bottomed?…
It’s a brand new week. And the markets are up again. Last week, when we were under DJIA 11,000, I wrote: I do think we’re getting closer to bottoming sooner rather than later. I’ll rephrase — I think this market might finally be putting in a bottom around the 10,800 level or so. And […]
Who’s more scared right now, the bulls or the bears?
I’ve been patiently waiting for the emotional spirits that drive the markets, especially when things get as volatile as they’ve been the last month, to play out before covering some of our many shorts or adding more names other than last week’s new purchase to the long side. And I might be dead wrong, as […]