Here's a list of my positions, in approximate order from largest to smallest, though the variations between relative sizes are decreasing as time wears on and I get these longer positions built up. We'll have some shorter-term and newer name trades in coming weeks to complement these longer-term positions. Longs … [Read more...] about Here’s a list of my positions, in approx…
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I’ve used both common stock and call opt…
Here's the story. Back in 1997, right after Steve Jobs took back over the CEO job at Apple, Michael Dell told a bunch of tech investors that if he were in charge of Apple he would, "'d shut it down and give the money back to the shareholders." Then in 2006, Steve Jobs Jobs sent an email to Apple employees, which read: "Team, it turned out that Michael Dell wasn't perfect … [Read more...] about I’ve used both common stock and call opt…
Rougher day for the portfolio today than…
Rougher day for the portfolio today than we have had even on most down days of late. Our silver puts and other bearish bets were all profitable for us today, while most of our longs were in the red. So be it. Three quick news articles for you to look over tonight. First, Apple's got it figured out: iPhone share of phone market in Q1: 5% volumes, 20% revenues, 55% … [Read more...] about Rougher day for the portfolio today than…
Here’s a list of my positions, in approx…
Here's a list of my positions, in approximate order from largest notional size, to smallest: Longs - Corning Nuance Riverbed Cisco Cypress Celestica Ciena Microsoft Apple Google Adtran DBA Visteon Nokia Shorts - GLD SLV LPS LYV XLF CVC … [Read more...] about Here’s a list of my positions, in approx…
Germany’s GDP was apparently better than…
Germany's GDP was apparently better than the results of some poll from some news organization of some idiot economists who think it matters if they can extrapolate the last three months worth of macroeconomic trends into a decent guess about what the bureaucrats who are paid to hedonize and modify and seasonally adjust government measurements of economic activity. Yup, that's … [Read more...] about Germany’s GDP was apparently better than…
I am also buying some Google common stoc…
I am also buying some Google common stock today. I think, like Apple, it looks like it could get be getting ready to go on run. The momentum traders have left both names -- Apple because it's been so flattish for months now and Google because it's been worse than flattish since it topped out even before that. These are two of the cheapest big tech stocks that, as we leave … [Read more...] about I am also buying some Google common stoc…
I do think Apple’s setting itself up to …
I do think Apple's setting itself up to run in both the near-term as well as the longer-term, and as you guys know I see a $2k target on it in ten years anyway. I'd like to build up my Apple common position, so I'm adding to my Apple today. Here's a video we shot last night with me discussing the $2k Apple target with Stacey Delo from the WSJ: … [Read more...] about I do think Apple’s setting itself up to …
Silver has dislocated itself to the down…
Silver has dislocated itself to the downside again today, losing almost 5% this morning and making our SLV puts pop. Gold down. It sure seems to me that silver and not gold is the driver of the direction of the precious metals everyday. Nice gains in the portfolio again this morning and I've not pulled any triggers so far today. As noted by one of our loyal subscribers, … [Read more...] about Silver has dislocated itself to the down…
I’ve written before about how people tho…
I've written before about how people thought I was nuts when I was writing about how I was buying Apple at $7 per share back in 2003, even though at that time, as I put it for my subsribers, “Apple was trading for less than the cash it had on the balance sheet, making it so cheap it’s ridiculous.” My long-time friend and mentor, James Altucher, who was a subsriber … [Read more...] about I’ve written before about how people tho…
With Nokia, Ciena and Riverbed all up 3%…
With Nokia, Ciena and Riverbed all up 3% plus today, we ended up nicely green by the close after bobbing up and down most of the day. We'll take it. I bought those long-dated Softee call options and that was the only trigger pull of the day from my headquarters. Nuance announced earnings after the bell, but that was already baked in because they'd pre-announced the upside … [Read more...] about With Nokia, Ciena and Riverbed all up 3%…