Well, losses in our SLV and RVBD positions neutralize our gains in LPS and with the markets just not finding any legs today, I finished up in the red for the day. I bought some Google calls and did little else trading today. Tomorrow I'll run through a fundamental and a technical trading update on some of our positions. Thanks for reading today and I'll see you back here … [Read more...] about Well, losses in our SLV and RVBD positio…
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I bought the Google calls and am watchin…
I bought the Google calls and am watching LPS continue to crack. Riverbed and Ciena both look tempting to me, but I was a buyer of both in front of you guys at lower levels in recent weeks and I'm not going to force anything more just now. The S&P 500 and the DJIA are both literally flat on the day, up 0.00% at this minute as I type. Don't lose focus, but there's … [Read more...] about I bought the Google calls and am watchin…
I’m continuing to work on building up th…
I'm continuing to work on building up the Google position. I just bought some longer-dated, out-of-the-money Google calls. I'm looking going out to December 2011s expiration dates with $550-600 strike prices. I've already started buying some and will likely work these orders most of today. Here's an expanded version of some notes I passed along to you guys last week on why … [Read more...] about I’m continuing to work on building up th…
Here’s a list of my positions, in approx…
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…
Using the weakness as an opportunity to …
Using the weakness as an opportunity to scale into some longs as I'd noted I wanted to earlier. Google, Adtran and Nuance common are what I'm buying. Easy does it, I am getting closer to having these positions the relative sizes I want them to be here after 75 days of re-building this portfolio from zero in front of you. I'll be back with a list of positions in a while. … [Read more...] about Using the weakness as an opportunity to …
The markets are opening slightly lower t…
The markets are opening slightly lower this morning and there's little in the way of catalysts in the news today. That said, we might not need a fundamental catalyst in addition to the strong earnings season we just made it through to pop this market. Take a look at a three month DJIA chart: You can see that the markets have been in a steady uptrend while we've been … [Read more...] about The markets are opening slightly lower t…
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…
Here’s a random email I got today about …
Here's a random email I got today about an article full of what have turned out to be some very profitable predictions and principles for investors that I wrote a few years ago. It's remarkable how many emails I get from random people about articles I've written, three or five or even ten years ago. Many of my long-term investment principles and analysis have proven to be … [Read more...] about Here’s a random email I got today about …
I bought some more Google common this mo…
I bought some more Google common this morning as I'd noted. I'm not forcing any buys, but you'll notice I'm following the playbook that has been working so well for us -- that of buying/covering on big down swings in the broader market and selling/shorting on big up swings in the broader market. It's not about today's prices and today's P&L, but today helps us set up … [Read more...] about I bought some more Google common this mo…
It’s a pretty bloody red open this morni…
It's a pretty bloody red open this morning, after Hewlett-Packard pulled a Cisco and guided lower for the second quarter in a row. HPQ's getting killed and so is most of tech, but speaking of Cisco, it and a few other longs of ours are up today despite the ugly market. Google, instead of being down on the news of borrowing $3 billion or so, is also in the green, and I'm … [Read more...] about It’s a pretty bloody red open this morni…