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One of my Wall Street mentors wrote the following today: Not the equity bulls. They had their head chopped off in 2008-2009. Even after a historic rally, they are subdued. I mean the commodity/precious metal bulls, currently the most arrogant group of investors on the planet. According to these
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It’s a flattish open as we remain catalyst-less until we fully enter earnings season in the next couple weeks. Here’s a list of my longs and shorts so far: Longs- 1. Apple 2. Ciena 3. Celestica 4. Cisco 5. Cypress 6. DBA 7. Corning 8. Google 9. Microsoft
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Nice rally to close the day as the contra hour reversed yesterday’s ugly close and powered us steadily higher. I bought the DBA and that’s it today. One of my old mentors used to tease me about an answer I once gave on CNBC, when I answered Larry
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I just bought some DBA, which is the symbol for the ETF otherwise known as Power Shares DB Agriculture Fund, an exchange-traded fund of food and agriculture related stocks. One of the core themes in my approach for the last few years o is a bet that the things we
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Ugly, slippery action into the close and the markets end lower on the day for the first time in a long while. Other than the LPS short, my trading sheets are bare today and that’s ok. I’ve got a couple more names I’m looking to buy, such
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I bought some Nuance and that’s about it into the close. Is the week already over?! It’s important for investors and traders to acknowledge the broader macro-economic cycle and how it can affect your portfolio. And more to the point, with government helping fund most of the biggest
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I’ve added to my Cisco January 13 $20 strike price calls and will continue to look to add to existing positions into the close depending on how much we might sell off in the contra (final) hour. As the markets’ sell offs accelerate here as word of Saudi Arabia’
