Japan’s dumping thousands of tons of highly radioactive waste into our oceans, China raises rates and bank reserve requirements, our own Republican/Democrat Regime continues to find trillions in new forms of corporate and banker welfare as they cut trillions in social services for the elderly and poor, the banks in the PIIGS (Portugal, Ireland, Italy, […]
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 […]
I haven’t traded yet today, but remember…
I haven’t traded yet today, but remember I’ve been scaling into a short position in Lender Processing Services? Read this, from nakedcapitalism.com: Lender Processing Services has played a singularly destructive role in the mortgage servicing industry. The firm not only offered document fabrication services through DocX, a company it acquired and was forced to shut down […]
Ugly, slippery action into the close and…
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 as the DBA, which will reflects a basket […]
I added to my Lender Processing Services…
I added to my Lender Processing Services short. I’d buy long-dated puts on this name to boost my possible returns if the company collapses under prosecution as I expect it eventually will for its many roles in the ongoing rampant foreclosure and mortgage fraud systems in this country, but there aren’t any dated into 2012 […]
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 […]
So the markets look as though they are g…
So the markets look as though they are going to try and stabilize here around the DJIA 12,000 level. I think we’re going to need some sort of a catalyst, perhaps some good news out of the middle east and a subsequent drop in the price of oil. Or, maybe some positive domestic economic confirmation. […]
One unmistakable pattern in the markets …
One unmistakable pattern in the markets the last couple weeks — where they open, they pretty much close. While we’ve had our fair share of 1% intraday moves since I started trading again, we haven’t had a full intraday swing from positive to negative or from negative to positive in a long time. The markets […]
Big moves across the board in most of ou…
Big moves across the board in most of our stocks this morning and the market breathed a sigh of relief that Japan isn’t any worse than it is. We were buying aggressively at lower levels and our portfolio shows that relief today. I’m probably going to work to start building on some of my short […]
I’m following almost the exact same play…
I’m following almost the exact same playbook I’ve been outlining for the last year. Despite the pullback they were already in, and despite the heart-wrenching tragedies and worrisome radiation threats from Japan, the broader stock markets have hung in there, down only 5-10%. Meanwhile, many of my favorite “app revolution” stocks, some of which were […]
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 shorting my first stock in three an…
I’m shorting my first stock in three and a half years, right now, as I hit the shortsell button on Lender Processing Services (LPS) in the thinkorswim.com account I’m managing my personal account from. With a stock price up 15% year-to-date, an LPS short offers the most effective equity exposure for playing the next leg […]
Another day, another dollar. I added fou…
Another day, another dollar. I added four more net long positions in today’s action, just continuing my slow and steady building of the portfolio. There will be more fireworks, trading action and excitement in my trades, my sheets and in these posts after we’ve gotten things built up in the next three or four weeks. […]