Trade Alert: Headlines and finally adding to this position

Lots of headlines to run through…but hardly a move in the markets for the day so far. I’m finally adding a new tranche of buying to my FB, adding just about 15-20% as much as I already own. I’ll be adding a little common and also to my January 14 calls with strikes about $30. More on FB below.

Mobile talk stirs Facebook – Not that Zuckerberg said anything that you haven’t already read in my analysis about the potential for mobile and other monetization models, but I think we might finally be seeing this stock put in a bottom here below $20 a share at least for the intermediate term. Not going crazy, but as usual, just following my playbook and using a tranche system of scaling in to more while it’s down and finally seeming to be bottoming. I’ve been patient and haven’t added to this position since we first (wrongly) got long around $26 a share. But now I am indeed adding to it.

U.S. envoy killed in Libya – This attack is tragic. My job is to communicate what this means to investors and traders and that is the only reason I’m doing so here — and my take is that these types of attacks are much more worrisome to me as a potential Black Swan event of the markets than the endless EU-debt crisis, but that neither are likely to change the trend of the economy’s fundamentals and the markets directions. Markets are not freaking out about this today.

Obama, Romney campaigns react to embassy attacks – Do they really need to politicize this attack in real-time? Callous.

iPhone 5 could offer a big boost to GDP – Wow, talk about hype. That headlines makes me more worried than any other analysis I’ve read heading into this event. That said, feet to fire, I’m thinking the new iPhone technologies and the public’s demand for it is going to blow everybody’s minds. For the new features, look for lots of improvement and integration of Siri voice interaction, and for a slightly bigger screen, slightly skinnier form factor and tons of new little improvements in the underlying operating system. I can’t wait to get my new one just describing it here right now. Tens of millions of other people are just like me in that regard. Apple’s headed to $1000 probably sometime next year, as I’ve been saying for a very long time.

Moody’s Warns Of US Debt Downgrade – Do you remember the last time we went through the “US Debt Downgrade” crisis a couple years ago? Do you know what happened to the markets since that last downgrade headline cycle panicked so many people out of their longs at that point? Yup, the markets are up huge since then. Here’s some of what I told TradingWithCody.com subscribers back the last time we played this US Debt Downgrade record:

S&P downgrades US debt.  I’ll just start by saying I’m so thankful I don’t do TV where I’d be forced to listen/debate/comment this development ad nauseum.  Rather, I’ll just shoot you subscribers out a quick note saying — just ignore this S&P downgrade nonsense.

And the time before that?

Don’t panic and sell over the revelation from S&P that there’s some concern about the ability for the US to endlessly borrow trillions of dollars from foreign and domestic corporations and private citizens that will have to eventually be paid back by our children or our children’s children.

And the markets are indeed up huge since those other so-called scary US debt downgrades, which means not panicking or even worrying about them at all, was indeed the right approach. I certainly am not just plowing into longs nor am I outrageously bullish about the very near-term after this huge rally we’ve just had. But I do think we’ll probably look back once again at these types of US Debt Downgrade issues as being nothing but a distraction once again.