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Email from one of our subscribers: I wanted to send Cody an email regarding LPS and heading into the earnings report tonight. What is he planning to do with his short? — Well, I’m holding my short in this name steady. LPS was one of the five worst performing stocks
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Markets are flattish even as breadth is to the downside by nearly 3 to 1. As I’d noted last week, after this huge run we’ve had in the last month in the markets and especially in our portfolios, it’s time to step off the gas a little
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You guys panicked about the US debt impasse yet? Sigh. Let’s break down some relative numbers and see just how worried we should be about what the papers and TV are sure is the Most Important Economic Story of the Year. Remember the original TARP bill? It was for
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It has been one heckuva run. The portfolio is up more than 50% since the June lows and, put simply, I’m going to back off the gas pedal a little bit. I did sell down the Sandisk and the Google a bit more today. But they are still both
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The markets are flattish to down, but our portfolio is busting out to new highs again off the back of the big Sandisk pop this morning. Sandisk reported a great quarter as I’d noted last night and the stock is indeed up nearly 10% this morning. Recall that yesterday
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Sandisk beats by nearly 20% on the bottom line and a few percent on the topline. Here are the details: Revenue of $1.38 billion, up from $1.18 billion in the prior year’s quarter and above analysts’ estimate of $1.34 billion. Earnings of $1.14 a share,
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Sandisk is tonight and as I’d noted yesterday in a post here, I’ve been seeing some concerns from the sellside analysts heading into the report. And that, frankly, is a much better set up for the bulls than if they’d been sending a bunch of reports full
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A glimpse of the future (with a bit of Google propaganda) from…well, Google. http://www.zeromomentoftruth.com/ From the page: The way we shop is changing and marketing strategies are simply not keeping pace. Whether we’re shopping for corn flakes, concert tickets or a honeymoon in Paris, the
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The merry Merry-Go-Round goes round merrily to try to keep us going in circles again today. It’s a pretty broad rally this morning with S’s over N’s (meaning the S&P 500 is stronger than the Nasdaq). That’s cuz of Intel, which is down a
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It’s a muddled day at the markets and there’s not a lot of oomph away from the companies who actually reported earnings in the last 24 hours. I’m not making any moves today, but we do have more earnings fireworks tonight and tomorrow, and we’ll see
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Can you see her in the distance, As she tumbles by? Veteran of a race that should be over, Can you hear her sigh? — Neil Young “I’ve Loved her So Long” One of the main arguments you’ll always hear against Sandisk and its NAND-based flash drives is that
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And they’re off. Up along the inside is Apple, but it’s a muddy track and the horse just ins’t catching as much traction as many had bet for. With just a slight lead for Apple, the rest of the horses are bunched up in the middle, with
