It's just flat out ugly out there in the stock markets today, with higher-beta tech leading to the downside. (Higher-beta means that the stocks are more volatile on most days than the broader stock market indices). I've been steadily putting money to work today, as I'd noted I would earlier. I've purchased Celestica and Nuance and shorted LPS. I might do another round of … [Read more...] about It’s just flat out ugly out there in the…
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It’s a very ugly open this morning…bec…
It's a very ugly open this morning...because of new concerns that Spain and Italy are to join Ireland and Greece as problem children of the EU...again. Each and every time we've seen the markets get hit badly here in the US over some concerns about some smaller countries in Europe who are going to bail out their bankers and cut social services to kick the can further down … [Read more...] about It’s a very ugly open this morning…bec…
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…
Here’s a list of my positions, in approx…
Here's a list of my positions, in approximate order from largest notional size, to smallest: Longs - Corning Nuance Riverbed Cisco Cypress Celestica Ciena Microsoft Apple Google Adtran DBA Visteon Nokia Shorts - GLD SLV LPS LYV XLF CVC … [Read more...] about Here’s a list of my positions, in approx…
What a week it was. Lots of back and fo…
What a week it was. Lots of back and forth and grind, but the stock markets end up just about flat on the week as we head into the final contra-hour of the week. Our portfolio actually had a pretty good week though, much better than the broader markets, with our silver, Riverbed and Nuance gains. I've done a little bit of buying as noted this week and even covered the ETF … [Read more...] about What a week it was. Lots of back and fo…
Let’s review what I’ve been doing to re-…
Let's review what I've been doing to re-build my portfolio in broad terms. From a strategic standpoint, I've been buying the best companies I can find in the App Revolution and the Cloud Revolution which I think will explode into a new bubble in coming years and I've complimented those longs with long positions in the commodities-we-consume like the DBA and a huge … [Read more...] about Let’s review what I’ve been doing to re-…
Here’s some very good fundamental analys…
Here's some very good fundamental analysis from Gleacher & Co about the great quarter that Nuance reported last night. I agree with most of their analysis, except my price target is double theirs. They're looking for a $26 stock. I think this stock could run to $50 in the next year or so: NUAN: Speaking with More Confidence (NUAN PDF) Reiterate Buy rating and … [Read more...] about Here’s some very good fundamental analys…
Silver has dislocated itself to the down…
Silver has dislocated itself to the downside again today, losing almost 5% this morning and making our SLV puts pop. Gold down. It sure seems to me that silver and not gold is the driver of the direction of the precious metals everyday. Nice gains in the portfolio again this morning and I've not pulled any triggers so far today. As noted by one of our loyal subscribers, … [Read more...] about Silver has dislocated itself to the down…