We're Selling These 2 Stocks, & Holding On To These 3 Names

Jul 9, 2020

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01:13 PM PST

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Happy Tuesday folks. Another dud for the market today, so with little to talk about market-wise, we can keep this short and sweet and take care of that update on our open positions. After that there are a couple of other things I want to show you, but let's take care of business first ... like booting a couple of names.


You're Outta Here

The Rest of the Employment Picture Isn't as Pretty

Jul 9, 2020

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01:13 PM PST

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Welcome to the weekend. We hope all of you had a great trading week. It was certainly an interesting one, and especially interesting when factoring in today's employment news. As has been the case with every recent unemployment report, the media's giving you just enough information to be dangerous, but not enough information to be helpful. As usual, we have to pick up where they left off. Let's just start there today.


Good, But Not Great

Kaboom! Stocks Take One On the Chin. Now What?

Jul 9, 2020

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01:13 PM PST

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And so it begins. Twitter (TWTR) began to trade publicly today, opening at $45.10 on the New York Stock Exchange, up 73% from the higher-than-expected IPO price of $26.00 per share. Congrats to the few who were able to get in on the initial offering; only about 3.0% of the folks who asked to buy IPO shares actually got any. The other 97% were forced to buy their shares in the open market at a much higher price. The lofty price didn't seem to deter many of 'em though.


So now what? I'm still expecting the same sizable pullback I was expecting earlier this week as well as last week.

The Market's Running on Fumes

Jul 9, 2020

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01:13 PM PST

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Happy Tuesday, fellow traders. Before I forget, today's an election/voting day for many of you. We're obviously not picking a President or anything, but sometimes these local and state elections can mean just as much to you as who's in the White House. So, go make your voice heard - depending on where you are and when you read this, you may still have time to go cast your ballot.


In other news, well, there wasn't a lot of other news to discuss today. There is one item I do want to reprise, however... Twitter.

This Long-Beaten-Down Industry is Finally Catching a Break

Jul 9, 2020

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01:13 PM PST

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We hope you all had a nice weekend. It's time to get back to work though, so let's just dive in beginning with a trading idea we weren't really planning on sharing. Let's just say we had something of an "aha" moment.


Can't Have One Without the Other

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