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One of my mentors used to say that traders who use exchange-traded funds are lazy. Because when you’ve done the “top down” analysis — looking at a sector and how it fits into the economy — then you’ve got your starting point. After that, you need to dig into the
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The broader markets remain down and mired with mostly red stocks this morning, but the Nasdaq has turned and tech is leading an intraday rally upward. At least for now. I’ve continued selling down the positions as noted earlier and am now done. I’ve gone from being aggressively
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Good morning and welcome back to the jello-dome. Breadth is down sharply once again this morning, with two stocks down for every one that’s up in the broader markets. But with Google, LPS and a couple others working our way this morning, we’re up a bit. I’m
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It was a pretty ugly day masked by some flattish action in the broader indices. I did sell down the stocks and calls I’d mentioned I was looking to and I still have a little bit more working on the same sell orders tomorrow. LPS is out and it’
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Email from one of our subscribers: I wanted to send Cody an email regarding LPS and heading into the earnings report tonight. What is he planning to do with his short? — Well, I’m holding my short in this name steady. LPS was one of the five worst performing stocks
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Markets are flattish even as breadth is to the downside by nearly 3 to 1. As I’d noted last week, after this huge run we’ve had in the last month in the markets and especially in our portfolios, it’s time to step off the gas a little
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You guys panicked about the US debt impasse yet? Sigh. Let’s break down some relative numbers and see just how worried we should be about what the papers and TV are sure is the Most Important Economic Story of the Year. Remember the original TARP bill? It was for
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It has been one heckuva run. The portfolio is up more than 50% since the June lows and, put simply, I’m going to back off the gas pedal a little bit. I did sell down the Sandisk and the Google a bit more today. But they are still both
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The markets are flattish to down, but our portfolio is busting out to new highs again off the back of the big Sandisk pop this morning. Sandisk reported a great quarter as I’d noted last night and the stock is indeed up nearly 10% this morning. Recall that yesterday
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Sandisk beats by nearly 20% on the bottom line and a few percent on the topline. Here are the details: Revenue of $1.38 billion, up from $1.18 billion in the prior year’s quarter and above analysts’ estimate of $1.34 billion. Earnings of $1.14 a share,
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Sandisk is tonight and as I’d noted yesterday in a post here, I’ve been seeing some concerns from the sellside analysts heading into the report. And that, frankly, is a much better set up for the bulls than if they’d been sending a bunch of reports full
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A glimpse of the future (with a bit of Google propaganda) from…well, Google. http://www.zeromomentoftruth.com/ From the page: The way we shop is changing and marketing strategies are simply not keeping pace. Whether we’re shopping for corn flakes, concert tickets or a honeymoon in Paris, the