And that’s just about a wrap on another crazy week at the markets. We’re into the contra-hour and the day’s steady rally has…wait for it, wait for it…held. Yes, we’ve actually had some steady, non-dislocating action in the markets today. That’s probably a good way for the bulls to head into the weekend. As for […]
Best-case scenario for the bulls would be…
Out of the ashes came the dawn and the shape of things to come Never surrender, just carry on, straight to kingdom come And on the 8th day God created rock and roll (rock and roll) — KISS Well at this point, a day without a 5% intraday swing seems tame. Yes, the markets have […]
Is the object of this game to actually catch the bottom?
Go easy, the doorman said The floor is slippery, So watch your head. This message read. – Neil Young It’s slippery out there. Yesterday’s rally, in the midst of which the market happened to close, is now a fleeting memory. When you step back away from the indices and the broader markets crashing around you, […]
Transcript of yesterday’s chat…
Yesterday, I met about 100 of our subscribers in the chat room at TradingWithCody.com/chat and we had a blast and learned a lot. Here’s the transcript, lightly edited and condensed. We also organized the transcript so that general market/investment/trading/strategy questions and answers are at the top and questions about individual stocks are at the bottom. […]
Don’t forget that you can meet me today at 2pm EST to chat with me on here…
Good hump day morning to you. Or not. Those markets are taking it hard on the chin this morning and many of our stocks are lower too. As much cash as we’ve raised in the last few days when the markets were at their highs, we’ve got some flexibility to navigate this sell off. Reasons […]
Here’s how my portfolio stands with both longs and shorts in order of size at this moment…
Here’s how my portfolio stands with both longs and shorts in order of size at this moment. I’d mistakenly not had listed Sandisk on Friday’s portfolio rundown. It’s in there at the right spot now: Longs – Google Riverbed Microsoft Cypress Cisco Sandisk Nuance Marvell Corning Apple Visteon DBA Ciena Celestica Adtran Shorts – […]
I’m likely to short a little more of that one in coming days…
Well, it was a flattish day at the markets, but not for us as we had stocks and options up and down rather wildly throughout the intraday action. Cablevision was up nearly 7% at one point before fading 3% into the close. Stay tuned, I’m likely to short a little more of that one in […]
Last week before LinkedIn.com came publi…
Last week before LinkedIn.com came public, I’d said that it would likely pop huge from the IPO pricing of $40ish and that it would eventually grow into even an $80 per share valuation. By the time it opened that morning and had spiked from the $45 pricing to over $120 intraday, I wrote that […]
Last week before LinkedIn.com came public, I’d said that it would likely pop huge from the IPO pricing of $40ish and that it would eventually grow into even an $80 per share valuation. By the time it opened that morning and had spiked from the $45 pricing to over $120 intraday, I wrote that […]
I first started flagging Adtran for subs…
I first started flagging Adtran for subscribers back when it was almost exactly half of the price it is right now. The stock has come down from $47 a couple months ago and has been trading in the very high $30s to the low $40s since. The company is scrambling to meet demand from carriers […]
IMF head arrested on rape charges in NYC. Israel fires across the Syrian border. The Middle East revolutions continue driving death and despair. Lowe’s offers disappointing guidance and is down pre-market. And there’s a smattering of smaller M&A deals announced today too. The futures here are down and with the rest of the world trading […]
The dislocation in gold and silver (and …
The dislocation in gold and silver (and oil) are definitely the market story of the day, and everybody I talk to today wants to analyze why. Here’s an expanded and more detailed version of the post I did about why I started shorting gold and silver earlier this week. I’ll be back later with more […]
Time to start shorting the precious meta…
Time to start shorting the precious metals? Back in early 2007, I used to write about the “dislocations” that were suddenly showing up with more frequency as I was worried and started selling partly because the stock market was seemingly entering a blow-off top phase. By dislocations, I meant any day that the market moved […]
I was asked yesterday to comment on the …
I was asked yesterday to comment on the budget and debt ceiling “crises” by a subscriber who wondered why I hadn’t been talking much about them and how they could affect our portfolio. After all, those two topics are typically dominating the business pages and business TV shows these days. The reason I’ve been mostly […]
Once again it looks like we will muddle …
Once again it looks like we will muddle through the day as we have barely gotten to the tip of the earnings iceberg. Riverbed is down more than a buck fifty…sort of like a two-by-four across the forehead with your morning coffee. As you know, I am trying to be patient until we get past […]
Its a flattish open and the Japanese nuc…
Its a flattish open and the Japanese nuclear disasters are dominating the news once again. My biggest fear both as an investor and as a human being is that the government is downplaying the damage already being done to our planet. I remember mocking the five to six thousand barrel a day original estimates from […]
Prayers and hopes go out to everybody affected by the tragedy in Japan. Obviously this is a human story. As we all have a commitment and duty to address each of our daily routines and jobs, mine is to try to navigate the markets again today. Stepping back then, its a rather muted open as […]
I got some of my early morning purchasin…
I got some of my early morning purchasing done here when the market was at its (so far) worst of the day. I outlined the following playbook for my Revolution Investing newsletter subscribers back on February 8: “Here’s what my experience and analysis says on how the near-term market action will play out: “After all […]
Whoa nellie, it’s ugly out there this mo…
Whoa nellie, it’s ugly out there this morning, eh? I’ve been being very patient and steady and while I will continue to steady-pace, I am likely to double how much capital today than I have most of the other days this week. That is, I’m likely to try to put 10-20% of what I expect […]