Foresight
I shorted SDS at these levels and so can you!
Nov 19th
I am expecting a snapback rally sometime this week, I believe that as we are at-near closing lows, this may be the best chance you could ever get to go long the market.
I would like to caution that this is a very long term play (years) and also a very short term play (days).
The only ways to be able to get guarenteed returns in this market is to buy United states guarenteed goverment guarenteed securities).
More to come at closing bell, im just informing you all that this may be the time.
EDIT: I am cheering this stock up today, even though i am short, as when we get a 10% rally tommrow, the stock will go down to the 90s
Chart of the day, pick of the day, UltraShort S&P500 ProShares (SDS)
Oct 30th
SDS is once again testing its recent range low, as such, I am reccomending it as a BUY with a sell order waiting for it at 108.49
I will also restate that it is my belief that the market is rangebound for the moment, as such, I am also reccomending taking some of the gains from your long positions and waiting for a better price to occur.
Remember, dont trade with what you cant afford to lose.
Why I would be short UltraShort MSCI Emerging Mrkts ProShares (EEV)
Oct 27th
It is afterall an emerging market, and as such, its much easier to sell at a obvious peek like we have right now, The constant leverage trap is providing you a excellent oppourtunity to make a quick 20% (remember to set out prices, otherwise this one might sting.
P.S. im going to be posting alot less from now on due to work, quit emailing me, it just pisses me off, use the contact me link above.
Why if I was still able to, I would be buying Apple Inc. (AAPL)
Oct 21st
So AAPL is reporting tonight.
My suggestion is that this is a buy the rumor sell the news earnings report, in full reverse of the normal way to play a mac-rumor, I personally believe that no matter what happens to AAPL, the stock will be up 5+% tommrow.
I personally have gotten out of this market, I need to make sure my money is safe, because i may not be able to take out student loans this upcoming semester.
I firmly belive we have bottomed, or why I am holding SSO
Oct 12th
In my opinion, we found a bottom last friday.
It was textbook, the fall in the open on heavy volume, the high that followed. There is even a cup and handle pattern in there.
I expect the dow to be back above 9500 by the end of the month, so I am going to hold my 2x the s&p results etf, sso.
Also, i have gotten emails asking if you should liquidate like Jim Cramer says. I say, no, that would be the very definition of buying high and selling low.
If you are young, just wait it out.
The edge version of the Iphone could be a better product
Sep 10th
Recently it has come out that the new 3G iPhones are cracking at stress points, such as near the volume buttons, the headphone jack, the power button, and the connection port and many of these phones were reported to spend the entire time the owners had them inside a padded case. The iPhone 3G has one very important difference in manufacturing process, the metal case that existed in the original iPhone has been replaced with a glossy plastic (which is why the 3G iPhone is available with a white or black backing), and this would be a benefit to the iPhone, as it makes it look good, however with the cases breaking Apple (AAPL) has had to replace thousands of iPhones.
This all got me thinking, what does the 3G iPhone really have on the original edge iPhone?
Speed: Yes when you’re out and about the 3G iPhone will load pages faster, roughly 3 times faster, but with modern web pages the load time of the iPhones is measured in seconds. However, both phones work on Wi-Fi, and load the same National Geographic page for the iPhone in 17 seconds according to apple, so if you are sitting around at home, 3G iPhones and a edge iPhones should connect just as fast.
Price: Yes, the 3G iPhone is only 199$ but you can find an edge iPhone for only $100 on eBay in fairly good shape. In addition to this, by some reports, the 3G iPhone can cost the average user over $500 more over the span of the payment plan than what the original would have cost.
Firmware: This is what makes the iPhones work, and they are the same on both, both phones will use the same incredibly entertaining applications.
Hackability: This is a concern to some users, as they may be on T-mobile. Apparently while they both have been successfully hacked to work on any network that uses sim cards (sorry Verizon users in the United States), however I have been told that for future updates it is also easier to hack the edge network iPhone.
GPS: The only real unavoidable advantage of the 3G iPhone in my opinion is the GPS, however in areas like New York with tons of reference points for its Google (GOOG) driven cell phone pinging technology, the edge iPhone technology usually gives a good enough location to figure out your location.
Overall, the only superiority the new iPhone has is when your out and about, but that may not be a good idea, because you might break it.
Your medicine for a broken market: Why I bought SSO today
Jul 29th
First off the good news,
I WAS GRANTED MARGIN
That means I can finally go in and out of stocks like I have always wanted to, and in this volitile market, that is the most valuable thing you can hope for.
The market was set for a turnaround and looking at where oil was going I decided that An investment in the S&P 500 was a good idea.
SSO is a double leveraged etf, so if you apply another 2x layer through margin to it you are getting a BROADLY diversified portfolio, yielding 4x the daily result of the s&p 500. You could also short the market 4x with SDS. Now this may seem like a risky move, but lets consider what could concievably happen in a three day period. Lets say the market moves up 1.3% a day. This would mean that SSO would be yeilding 2.6% a day, with compoundment this would mean that you would have yeilded 8% on a regular portfolio. And 16% on a leveraged 2x portfolio. In otherwords, the market retraces less than 3.9% (Which I believe it will.) and you made 16%. Mind you, the exact opposite could happen, so be careful, and ask an investment advisor before doing anything.
The Riddler in batman three has been announced
Jul 29th
Try that one on for size [[Christopher Nolan]],
Not only will this one give Batman a run for his money, he will also show him how to get a government grant to pay for it.
In all seriousness [[Matthew Lesko]] would rock, I mean think about it, can you figure him out??
CONTEST!
Jun 22nd
It seems that i will be giving away a 15 dollar itunes giftcard or a 5$ paypal direct deposit to the person who guesses CC’s Closing price on tuesday.
Get posting and remember, guesses must be in before early trading on tuesday.
This contest is sponsored by THECODYREPORT.NET
So go there and help me hold more.
The Tragedy of the Commons
Jun 18th
Everyone has been doing what would probably be the right thing for themselves in this market, unfortunately, this keeps money out of the market causing further drops and higher voitility, whell I hate to break this but
This is the best time to be getting into the equity market, there is less of a risk of long term damage, because when this market recovers, no matter what price you bought in at, its going to beat this market by a long run.
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