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AMR has spiked from the lows where we were buying it and is now trading near $2.20 (it hit $2.25 and is trying to pullback now). I’m selling half position now and locking in a good bit of the 20% plus gain I just got in this
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Want to know an exception for a professional money manger to the “Don’t ever trade a penny stock” rule that I truly believe the mass of investors should listen to? When a huge company’s stock is halted for bankruptcy and then reopens. AMR is halted, reported to be
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The two questions I am asked about the most by people on the streets, in the grocery store and even stuck in traffic next to each other, are: * Should I be invested in penny stocks? * Should I be invested in the Iraqi dinar? I always answer those two questions in
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I’ve had some intermittent Internet issues off and on all morning (try saying that five times fast). But we’ve got our backups now finally backing us up, so I’m back. Let’s jump in. It’s a rather flat start to the week, despite the newspapers writing
Here’s the transcript of today’s chat. We broke the questions and answers down into two sections as usual — Economy/markets/trading/strategy and Stocks. See you next week at 2pm EST at http://tradingwithcody.com/chat for more Q&A where you can ask me anything. Economy/
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Here’s what I was reading and thinking about when I wasn’t dealing with the “The system is temporarily unavailable, please try your request again later” message TDAmeritrade this morning, which took over and has destroyed the fantastic technology I was using at ThinkorSwim.com which used to be
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Bugs on my ceiling, Crowded the floor Standing, sitting, kneeling…A few block the door And now the questions: Do I kill them? Become their friend? Do I eat them? Raw or well done? Do I trick them? I don’t think they’re that dumb Do I join them?
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My subscribers at TradingWithCody.com often ask me about the Chinese Internet stocks, probably because people who read me know I owned Google and Apple from their infancies. Are these guys the next Google and Apple? Q: I would like your feedbacks on Chinese search engine stocks, such as SOHU,
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Here’s what I was thinking about this morning when I wasn’t speaking to the Ruidoso Middle School gifted class about how the reason there is no grass on their playground is because the Republican/Democrat Regime spent $12 trillion bailing out Wall Street and now has to cut
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It was actually a rather crazy day at the markets, as the DJIA was up triple digits while the Nasdaq dropped nearly 1/2%. Chinese Internet stocks were down huge, with Bidu and Sina and the others just selling off relentlessly. I bought some banks today as noted. Yes, it’
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I’ve gotten this link sent to me by about five people, mostly non-traders, non-professional money managers and with more than 1 million views on YouTube, it’s clearly gotten some traction among the masses. Lots of people seem to think this one random dude that one random TV station
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Here’s what I was thinking about this morning when I wasn’t speaking to the Ruidoso Middle School gifted class about how the reason there is no grass on their playground is because the Republican/Democrat Regime spent $12 trillion bailing out Wall Street and now has to cut