The App/Smartphone/Tablet/Dashboard/PC is the fastest growing marketplace in the history of business. I’ve been saying exactly that for more than a year now and I’ve been dead serious about betting my time, money and reputation on what I call the “App Revolution” for shorthand. But I know a lot of you are confused about what […]
We are probably now more than halfway th…
We are probably now more than halfway through with the earnings season, though next week will bring another barrage and there are a few laggard reporting schedules after that too. Here’s the earnings dates for all our positions: aapl – Already Reported on Apr 20th adtn – Already Reported on Apr 13th cien – June […]
It’s a flattish open, but the story of t…
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 […]
Live Nation, one of our shorts, got an u…
Live Nation, one of our shorts, got an upgrade today: Live Nation upgraded by Stifel Nicolaus Briefing.com(Thu 8:02AM EDT) The stock is up nearly 3% this morning. Remember when Riverbed was down 5% one day and I said we needed to let it “settle” first. We subsequently picked up Riverbed calls 10% lower than that […]
I’m going to run out to some meetings wi…
I’m going to run out to some meetings with some technology resellers (vendors of Cisco, Oracle, Riverbed, VMWare, etc). Salespeople are some of the best information resources for sales and technology trends as they play out over years. Executives are usually too focused on quarterly numbers, but sales folks at big tech vendors see […]
S&P negative on U.S. debt Standard …
S&P negative on U.S. debt Standard & Poor’s cuts its ratings outlook on the U.S. to negative from stable, keeping its Triple-A rating on the world’s largest economy. Stocks decline even as Treasury Department mounts defense. • Text of S&P’s downgrade of U.S. ratings outlook | Treasury yields fall to lowest in three weeks • Budget proposals from […]
They say one of the things that separate…
They say one of the things that separates the great NFL quarterbacks from the the lesser ones is the amount of time the Peytons and Bradys put in watching film. They go back and watch the replays of their best and worst moves so they learn from experience. Great traders do the same. So, let’s […]
A little bit of lift this morning in the…
A little bit of lift this morning in the broader stock markets to counter yesterday’s deflating action. Quarterly earnings reports are indeed catalyzing some big moves. Oh, including Riverbed. Nice 15% pop after the company reported a better than expected quarter and guided higher for next. I bought more last week – hope you did […]
Once again it looks like we will muddle …
Once again it looks like we will muddle through the day as we have barely gotten to the tip of the earnings iceberg. Riverbed is down more than a buck fifty…sort of like a two-by-four across the forehead with your morning coffee. As you know, I am trying to be patient until we get past […]
Wow, it got ugly into the close. The sh…
Wow, it got ugly into the close. The shorts we’ve been scaling into save the daily profit and loss on the sheets, but we’re still down on the day. I got the follow question after my last post about Riverbed: Portfolio amount was great. Don’t know what low $30’s mean and next few months mean! […]
I threw a tiny bit of capital at some Ri…
I threw a tiny bit of capital at some Riverbed calls at strike prices in the low $30s that will expire over the next few months. Any capital put into such a trade needs to be able to be written off completely as there’s 100% downside if the stock falls from here and doesn’t […]
Had a long trip home, but I got a great…
Had a long trip home, but I got a great night’s sleep and have been cranking since early this morning. A well-rested trader is one who thinks more lucidly. Most of our positions are still less than half of what I want them to be, but I’m mostly continuing to work on the short side […]
We’re greeted with a rather listless ope…
We’re greeted with a rather listless open to start the trading week. We’ve had some wild up and down action in the four weeks since I started Trading With Cody. Just a couple days into the trading, Japan’s quake and resulting nuclear nightmare hit the markets hard, and I stepped up the buying into the […]
Obviously the big mover in our portfolio…
Obviously the big mover in our portfolio today is Riverbed. Unfortunately, its a big mover in the wrong direction. Some analyst on the street thinks that Riverbed’s competitor FFIV will miss its quarter. I would agree that its a possibility, after all FFIV missed its quarter last time. Riverbed on the other hand delivered a […]
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 […]
Pretty steady betty open today as the ma…
Pretty steady betty open today as the market needs more of a catalyst than a meaningless S&P downgrade of some irrelevant country in Europe that speaks Portugese. One of the things we have to do as traders is deal with missed opportunities. I’ve been all over the web and in my reports (you Trading With […]
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. […]
These markets and the willingness for tr…
These markets and the willingness for traders to risk paying up for higher prices in the near-term is likely to be driven by the newsflow out of Japan. Regardless of the near-term multiple/risk appetite of the market, let’s remember the lessons we discussed about why we should pretty much just be ignoring (fill-in-the-blank foreign crisis, […]
A flattish open! Stop the presses, it’s…
A flattish open! Stop the presses, it’s been a long, long time since we last had a flattish open. Well, it’s been a few days at least. At any rate, it feels a bit slippery out there to this trader and I expect the path of least resistance for the intraday action today is lower. […]