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Good morning and welcome back to the fairgrounds, where you should know before you lay your money down that most of the games are rigged. The markets are up a bit and tech sans-Apple is finally starting to lead. Someone asked me yesterday about shorting gold here and it was
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Here’s the transcript of today’s chat. See you next week at 2pm EST at http://tradingwithcody.com/chat for more Q&A where you can ask me anything. Q. Cody, after reading your united states of Apple piece, I would like to buy more AAPL calls…what
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Don’t forget to join me for this week’s chat session at 2pm EST today at http://tradingwithcody.com/chat.The markets pulled back after the Nazz3K, but have since stablized. No other trades for me today yet. Quiet before the storm? Will the storm take us higher or
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In general, the rule to investing and trading penny stocks (any stock trading at less than $5 is typically consider a “penny stock”) is: Don’t invest or trade penny stocks. Because they usually have such small market caps and so few shares outstanding in the markets, they are easily
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And there you have it — Nasdaq 3K. I’d written a few times in the last week that it seemed like the Nasdaq was being almost magnetically pulled to 3k, despite how arbitrary and meaningless such a round number actually is. Boy, it just barely made it: NASDAQ Composite (^IXIC)
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I guess I’ll make the compulsory mention of Greece and the endless euro crisis to start this week’s letter. But let’s take a different tack this week. Comparing market capitalization to GDP is apples to oranges (please forgive me for that one) but as I pointed out
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It really bugged me once when I was still in middle school and I saw Duke coach, Mike Krzyzewski say after his player made a last second shot to beat North Carolina and my favorite player Michael Jordan, say, “Sometimes it’s better to be lucky than good.” But then
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Here’s part of what every investor and trader should be thinking about today. Notes on the 2011 Berkshire Hathaway Annual Report, Part 1 and Warren Buffett, Mercenary and Matt Stoller: Warren Buffett Says “Hormones” Will Fix the Housing Crisis Talk about some backlash. Man, I’ve been pointing out
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Good Monday morning to ya. Stocks are down fractionally from the multi-year highs they reached last week but are trying to turn green as the morning wears on. I added to the Apollo puts last week and I’m looking to add to my Sandisk position, either using just common
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Two answers to two subscriber questions: Cody, I have APOL May 50 puts @ 4.45, down 54% now. Is it better to double down on these or buy another strike of ITM May puts? Thanks, love the service. The short answer to your question (pun intended, get it? “Short” answer
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Boy that Nasdaq wants to get to 3k, doesn’t it? It’s just 1% away, and it’s just an arbitrary number, but it sure seems like a magnet for now. Trying to game the next 1% move in an index full of thousands of stocks isn’t a
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Did you breathlessly hop out of your bed this morning to check on the latest developments from Greece and the Euro-crisis? No? Me neither. I’m not looking to force anything here, but I am considering adding to my Apollo Group put position. Will let you guys know any details