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Once again it looks like we will muddle through the day as we have barely gotten to the tip of the earnings iceberg. Riverbed is down more than a buck fifty…sort of like a two-by-four across the forehead with your morning coffee. As you know, I am trying to
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Well, wasn’t that exciting? The DJIA finished up 1/100th of 1% higher by the close. And we came in for that action today! Sigh. Earnings start full blast tomorrow and by Thursday after the close we’ll have tech biggie Google reporting. I’m long a small common
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I nibbled on some Adtran common stock. And I shorted a tiny bit of Cablevision. These two trades aren’t necessarily for earnings season or anything…they’re longer term positions that I just didn’t have on the sheets yet. Here’s my Adtran analysis: Adtran is an old
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Okay, as we start this week, I’m well-rested, prepared and ready to confront earnings season with a clear head and emotions checked. I’ll readily admit that I’m outright excited to see how our stocks react to earnings season. I do think some of the recently highlighted near-term
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Sloppy into the close is how it goes. It’s the Friday contra hour and it’s a sloppy one, but the DJIA is still up more than 1% for the week. And we’re up 800 points from the bottom put in during the Japan crisis a few weeks
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Flattish open as we crawl into earnings season starting next week when the fireworks should really start. The biggest question, as usual, is what fundamentals are priced into these markets? We see Corning this morning getting hit at the open for a couple percent and it’s now almost back
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Wow, it got ugly into the close. The shorts we’ve been scaling into save the daily profit and loss on the sheets, but we’re still down on the day. I got the follow question after my last post about Riverbed: Portfolio amount was great. Don’t know what
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I threw a tiny bit of capital at some Riverbed calls at strike prices in the low $30s that will expire over the next few months. Any capital put into such a trade needs to be able to be written off completely as there’s 100% downside if the stock
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Had a long trip home, but I got a great night’s sleep and have been cranking since early this morning. A well-rested trader is one who thinks more lucidly. Most of our positions are still less than half of what I want them to be, but I’m mostly
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The gentle steady rally action continues its recent trend this morning. We’ve got a nice rally in Cisco again this morning. It was up 4% earlier. The question will be what happens the rest of the day – yesterday it faded and barely closed up on the day. Cisco’s
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Look around — the stock markets and the corporate economies they reflect are doing great (exactly what we’ve been positioning our portfolios for), but there are always crises in this world and there are always new crises coming along. The trick is to tell which crises actually matter and when
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Japan’s dumping thousands of tons of highly radioactive waste into our oceans, China raises rates and bank reserve requirements, our own Republican/Democrat Regime continues to find trillions in new forms of corporate and banker welfare as they cut trillions in social services for the elderly and poor, the
