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Monday morning mergers to kick off the week and the mainstream media will focus on them as today’s catalyst. I’m not sure you can point a 0.21% intramorning rally in 500 of the largest companies in the world on news that Arby’s finally found someone will
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By the look in your eyes you’d think that it was a surprise, But you seem to forget something somebody said, About the bubbles in the sea, and an ocean full of trees. — Neil Young Let’s run through some economic charts my all-star team of research associates
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Until Monday, then, here are my current positions, from largest notional to smallest: Longs – Google Cypress Microsoft Cisco Corning Riverbed Nuance Celestica Ciena Apple Adtran Visteon DBA Shorts – Lender Processing Services SLV GLD Cablevision XLF Live Nation Thanks for reading, thanks for subscri
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It’s an ugly day for the markets but the biggest decliners on our sheets are, at least for now today, our two biggest shorts. Our bet against the biggest loser in the mortgage/robosigning/foreclosure-gate debacle, Lender Processing Services, is hitting yet new 52-week lows again, giving
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All right, well we’ve breached the DJIA 12k mark and are trading at 11980, and I’m stepping up the buying this morning. Common stock in Celestica and Cypress for now. Let’s be clear that I don’t know what will catalyze a turn back higher in this
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Oh, so there are some days when the markets don’t just drip steadily lower all day. I’d almost forgotten what it was like to see the blinking lights in green and not red after six straight down days coming on top of five straight down weeks. I’m
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I posted this last night, but it didn’t go out through the email system, so let’s try this again: Sheldon: You handled yourself real well, Sonny. A lot of men would’ve choked, and we might have had a death or a multiple death on our hands. But
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Been a long time since we had such a broadly flat open, and we’ve only one stock in the entire portfolio that’s moved more than 1% total today. And that stock is Ciena, down 3% this morning, and I’m still not looking to add to that one
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Dog Day Afternoon (1975) http://www.imdb.com/title/tt0072890/ Sheldon: You handled yourself real well, Sonny. A lot of men would’ve choked, and we might have had a death or a multiple death on our hands. But you handled it. I respect that. Now don’t you try
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Sheldon: You handled yourself real well, Sonny. A lot of men would’ve choked, and we might have had a death or a multiple death on our hands. But you handled it. I respect that. Now don’t you try to take Sal. We’ll handle him. Just sit tight
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I’ve just bought a little bit more of two of the names I’d mentioned earlier that are getting hit mainly because of Ciena’s bad news, which gives us an opportunity to continue to scale into some of our positions which are down in sympathy at lower prices.
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Here’s me answering an email from a subscriber who is asking a question that I’m sure others of you are thinking: Hi Cody, I know this sounds naive but i need to know what do you mean when you say “I’ll be looking to scale into some
