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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
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The DJIA is hitting multi-year highs…yes, despite all the bears out there explaining why the markets can’t go up any more, the markets just keep climbing. Remember when we talked about how we should set ourselves up into earnings season (see below for example) and I wrote “But
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One of my mentors used to tell me, “Respect the streak.” And by that, he meant that whenever your stocks are moving with you and your portfolio is humming and it seems like most days you come in and the stocks go the right direction no matter what you do
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It’s true that people actually trade off these types of headlines. But we don’t have to, and therein lies much of our advantage — we can and do ignore the noise: Bernanke lowers growth forecast Fed lifts 2011 inflation view Fed hikes forecast for inflation and cuts economic-growth view,
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Steady betty market this morning, and other than Corning putting on another rally there’s little movement in our portfolio this morning. Amazon is up 4% after what could have been considered a “worse than expected’ report, and that “tells” us once again something about what to expect in the
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Another huge day for the portfolio, with lots of stocks up decently and our Corning and Cisco positions are adding some oomph to the P&L (profit and loss of the portfolio’s daily action) today. I’m looking to continue nibbling on a lot of the positions, using
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“In fact, we don’t think it is sustainable. And, if we see the S&P 500 move through the next level of resistance with some volume, we will add to our beta positions.” I swear I just heard a real money manager just say that on CNBC. I
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Here’s my longs, in order of notional weighting: Corning Nuance Cisco Riverbed Celestica Cypress Microsoft Ciena Nokia Google DBA Apple Adtran Shorts: LPS Cablevision XLF Live Nation
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I’m going to start buying some Visteon Corp as my next purchase. Here’s why: It’s a brand new long, in an entirely new sector to help diversify us away from technology a little bit. The auto sector, including all its vendors and suppliers, restructured both operationally and
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There’s little action in our stocks today and that’s probably a rather bullish way for these stocks to trade, at least for the very near-term. After putting on 5-10% moves from their recent lows, most of our stocks are now consolidating at these levels. Technicians/technical traders will
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Here’s some new news on LPS: The noose is tightening around Lender Processing Services. Last week, various news outlets revealed that Federal banking regulators had issued consent orders against major servicers, MERS, and LPS. Kate Berry of American Banker pointed out that LPS is exposed to making payments to
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Stocks are looking to open flat, and we might actually have a first day in a very long time without a huge move in any our stocks. But that’s because it’s Monday and there aren’t any major earnings reports until this evening and then our earnings catalyst
