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It’s a sell off to greet us for the new trading week and the high beta stocks are down pretty big this morning. We’ve got shorts and longs both down 3-5% across the board today as earnings week really heats up this week with hundreds of big
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“Fastest growing industry in the history of the planet.” “Will impact every company you invest in, whether they are tech companies or not.” “Billions of dollars will be made in the next few years by app companies and app investors” These are a few of the things I’ve repeatedly
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A lot of movement this week and here’s how my portfolio stands with both longs and shorts in order of size to close out the week: Longs – * Google * Riverbed * Microsoft * Cypress * Cisco * Nuance * Marvell * Apple * Corning * Visteon * DBA * Ciena * Celestica * Adtran Shorts – * Lender Processing Services * SLV * GLD * Cablevision * XLF
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And there you have it, Google’s held the 12% move and is trading just under $600 today. Those calls that we bought back when we wrote this: I just bought some slightly out-of-the-money Google calls…JUNE 17, 2011 BY CODY WILLARD Google’s down 3% on
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Okay, as the after hours trading wrapped up, Google was trading near $600 a share, up nearly $70 from the close. The stock had spiked during the conference call and if it’s anywhere near these levels tomorrow, I will trim both some common and some calls as I’ve
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Google’s out and it’s a HUGE beat to the upside in the initial report. $8.74 EPS on $6.92 billion vs. estimates heading into the report of $7.86 EPS and $6.55 billion So it’s nearly 15% ahead of estimates on the bottom line and
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Google’s earnings report is tonight. Here’s an email I got this morning from a subscriber: I know Cody cannot provide advice, but it would be great if he would comment today on his calls position in GOOG and if he’s holding through earnings tonight. Thx, great service.
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Well, the good news is that I did what I said I wanted to do and built up the SLV and XLF shorts a bit more in the morning rallies before the markets started crashing. The bad news is I sure feel stupid for having written “I’d guess that
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Good morning and there they go… It’s actually some pretty interesting action this morning in that the breadth is very good but the moves are very small in magnitude. Not sure what that means, but I’d guess that the path of least resistance is upward for today’s
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Do you remember how in the mid 1990s how the Fed kept rates at artificially low rates, eventually dropping them all the way to unprecedented levels in the midst of a market boom over stupid concerns about Y2K? Do you remember how that was a large part of what propelled
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We’re about to launch several new features for you subscribers, including a weekly chat right here on TradingWithCody.com where I’ll meet you guys and answer any and everything you can think to ask me. But hey guys — how about helping us spread the word? We’ll waive
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This article from The Tell here on Marketwatch by my friend David Weidner confuses me – “Did Facebook owners overpay? Some 75% of investment bankers surveyed say the valuations of pre-IPO private companies are excessive.” I mean, is it supposed to be a bearish thing for Facebook and the other
