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Last week I told you about my newest short, Apollo Group, Inc. APOL +3.08% . New ideas are great but that doesn’t mean we take our eye off our slightly more vintage ones. With that in mind there are pretty significant developments at Lender Processing Services, Inc. LPS +0.
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Big spike up in the markets this morning, led by tech. We are indeed ending up in that rangebound market into year end that I’d been expecting. The VIX has continued to plummet and we’re down to just a handful of trading days left in the year. Wouldn’
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Here’s what I was reading and thinking about this morning. If you are a advocate for technical analysis in your trading, I highly suggest you start reading the first three guys I link to there. They are some of the best stock technical analysts on the planet. Let’s
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It’s Monday and I can see the storm blowing over the mountains and enveloping the land around me. I meant the snowstorm here in Ruidoso — not making too much of an allegory there. Too much of one anyway. I’m doing a big update on LPS so stay tuned
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Here’s what I was reading and thinking about when I wasn’t out looking for a Christmas Tree at sunrise this morning. On my own land. I love New Mexico. Financials Lead Despite Fitch Downgrade – It’s remarkable, truly astonishing, that anybody cares what the ratings agencies say anymore.
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LPS has just tanked nearly 10% in the last few minutes as news hits that…well, here: LAS VEGAS –Nevada’s Attorney General has filed a lawsuit for consumer fraud against Lender Processing Services, or LPS, which is a company accused of robo-signing. “The robo-signing crisis in Nevada has been
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Good morning and welcome back to the dishwasher, where you better not forget to put in the detergent. Let’s talk RIMM first. Sigh. Stock is down today, after another horrid report, and I guess I was wrong to guess that the stock had priced it all in. Mea culpa.
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Not much action in the broader markets to write home about today. It’s been a day of mild bidding and little selling, and traders finally seem to want to catch their breath. Could be the quiet before the storm. Or it could be the quiet before the quiet before
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You guys know that I had RIMM as a short in the Revolution Investing portfolio back when it was above $100. Yes, $100, nearly 10x it’s price today. And I’ve stayed away from the name as its continued to crash. But you know what…at a new 52-week
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Just a quick note — the markets are trying to bounce off their lows of the day. We might see some wild intraday action today, but I wouldn’t want to try to profit on it. I did buy some more FIO here. I bough a little more common stock in
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Well, unless we bounce from near these levels, we can forget about my whole 5% rangebound market. On the other hand, how about those metals? Remember when I’d written: Q. Cody, a short time ago, you hinted at a possible SLV straddle. What are your thoughts? Thanks Cody! A.
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We must really all be Keynesians now. Bailout Nation has gone global, with central bankers coordinating money debasing, fully believing that what they can cover up insolvency. But we know better. Any system that needs to be subsidized is a system that shouldn’t exist in the first place. Based