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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
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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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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.
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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
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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
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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
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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
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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
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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
