It’s a flattish open, but the story of the day is the 15% drop, the crushing of RIMM. I’ve kept us out of RIMM and even had it as a short position in the Revolution Investing model portfolio last year before I started trading again where we rode it down from over $100 to some […]
Another day at the casino, and the marke…
Another day at the casino, and the markets are trying to crawl higher despite the ugly reaction to a decent fundamental Google report. Google’s down 6% on the day and having a hard time stabilizing, despite my theory last night that we’d likely see it trade to flat today in reaction to that report. Google […]
Remember — it’s not the news that matte…
Remember — it’s not the news that matters, but the market’s reaction to the news that matters. Google reports… Topline at $6.54 billion is about 5% better than consensus. Bottomline at $8.08 per share is inline versus the $8.10 consensus. The media will call it a miss, but it would be a miss if […]
The only trigger I pulled today was putt…
The only trigger I pulled today was putting a down payment on some acreage here in my hometown of Ruidoso. No stock trades, which is no surprise given my wanting to get through earnings season before doing much more stock/option trading for now. Here comes Google. Buckle up!
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 […]
Well, wasn’t that exciting? The DJIA fi…
Well, wasn’t that exciting? The DJIA finished up 1/100th of 1% higher by the close. And we came in for that action today! Sigh. Earnings start full blast tomorrow and by Thursday after the close we’ll have tech biggie Google reporting. I’m long a small common stock position in Google as we enter that report, […]
Okay, as we start this week, I’m well-re…
Okay, as we start this week, I’m well-rested, prepared and ready to confront earnings season with a clear head and emotions checked. I’ll readily admit that I’m outright excited to see how our stocks react to earnings season. I do think some of the recently highlighted near-term earnings trades are technically set up nicely […]
Look around — the stock markets and the…
Look around — the stock markets and the corporate economies they reflect are doing great (exactly what we’ve been positioning our portfolios for), but there are always crises in this world and there are always new crises coming along. The trick is to tell which crises actually matter and when they will matter. So which […]
It’s a flattish open as we remain cataly…
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- Apple Ciena Celestica Cisco Cypress DBA Corning Google Microsoft Nokia Nuance Riverbed Shorts – Lender Processing Services XLF I’m going to look to start building […]
Social butterfly. Social security. Soc…
Social butterfly. Social security. Social drinking. Social smoker. Social sciences. Social distortion. Let’s talk social for a minute because it’s one of the key drivers in all things related to tech, media, and advertising. First off, let’s touch on this Wedbush report I got in my inbox today that says we’ve entered a brand new […]
Most of my stocks right now are at level…
Most of my stocks right now are at levels I’ve been buying at, but I’ve got a couple more names I want to add today, so stay tuned. We’re about to embark upon earnings season and it’s always a good idea to review our positions, so let’s run through some of the stocks that I’m […]
I bought some Nuance and that’s about it…
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 corporations and the financial sector that […]
Google can’t scan and make every book ev…
Google can’t scan and make every book ever published available to the world because a Judge in NY thinks that consumers would be hurt if they were to get access to such information from only one company. So instead, we’re not allowed to get access to that information at all. Forget a monopoly…are they trying […]
In a general sense, my mission is always…
In a general sense, my mission is always to find the best companies in the fastest growing sectors and invest in their stocks when they are cheap and to find the worst companies in declining sectors and short them when they are way overvalued. More specifically for the last year, I’ve been operating the Marketwatch […]
Nice intraday rally continues as the emo…
Nice intraday rally continues as the emotions and worries over Japan’s disaster today start to fade and traders look to position themselves into the weekend. The shorts have had a huge week, and are feeling great about double digit gains in many of their most-hated positions. And that propels them to cover some of those […]
I’m personally starting to buy some of t…
I’m personally starting to buy some of these app revolution stocks back using both common and some longer-dated call options. If you’d like to see the details behind what stocks and options I am purchasing for my own account, please sign up at https://tradingwithcody.com. You guys remember how for the last year that I’ve been pleading […]
I expect to get up to about 15-20 total …
I expect to get up to about 15-20 total positions in this portfolio with about 2/3 of the picks longs and 1/3 shorts by the time I’m done building in this set up. That 2/3 longs vs 1/3 short set up is in large part a function of my overall bullishness about the stock […]
Buying common and sometimes call options…
Buying common and sometimes call options on AAPL from $7 to $160 and GOOG from $95 to nearly $600 were some of the trades/investments that helped shape my career. I do expect I’ll get an opportunity to be more aggressive in each of these two stocks in coming months, as time and price move and […]