by Ian Cooper | Mar 25, 2015 | Uncategorized
Please excuse this late alert. I just got back from a funeral. They’re always “fun.” But when the guy lives to 93, it’s easier to deal with. As for the overall market, in 16 years of trading and investing, I’ve never seen a market this bizarre. Sure, we’ve had stellar...
by Ian Cooper | Mar 25, 2015 | Uncategorized
Please excuse this late alert. I just got back from a funeral. They’re always “fun.” But when the guy lives to 93, it’s easier to deal with. Shortly after issuing a hedged bet on Lumber Liquidators (LL), we exited half of the put option, holding the underlying stock...
by ADRIAN MANZ | Mar 19, 2015 | Uncategorized
On Friday March 20, 2014 we will close positions that were opened on February 20, 2015 for a 1.5% gain. Those positions are as follows: Ticker Return % Start Price End Price CZR -13.7 10.94 9.44 SKYW 11.2 13.95 15.5 JAKK -4 6.96 6.68 REGI 7.8 8.96 9.66 UTIW 8.1 12.48...
by Ian Cooper | Mar 18, 2015 | Uncategorized
It’s been an “interesting” market. The latest 230-point move is because of Janet Yellen. But there’s no telling if the move will last. Over the last week, the Dow has sunk and rallied hundreds of points. It’s wreaked havoc on the Forgotten Profits portfolio, too....
by Ian Cooper | Mar 17, 2015 | Uncategorized
On February 18, I recommended picking up the AAL May 50 calls at $3.80 on hopes that oil would sell off again from highs. Eight days later, we exited half for about 40%. Today, after watching AAL move higher, I’m recommending that you sell to close the second half to...
by Ian Cooper | Mar 16, 2015 | Uncategorized
As my attorney just got finished telling me, “I know your ex is nuts. You just have to deal with it.” The same thing applies to the market. It’s nuts, and well off its rocker, but we have to deal with it. Last week, the Dow lost about 500 points...
by Ian Cooper | Mar 13, 2015 | Uncategorized
I will never discount Warren Buffett. The man is filthy stinking rich. I’ll never see .0005% of what he’s earned. He and I are different traders, though. He’s strictly a fundamental investor seeking intrinsic value being ignored by the rest of Wall Street. He’s not...
by Ian Cooper | Mar 13, 2015 | Uncategorized
The markets have been a disaster this week. One day we’re down 300. The next we’re up 250. And then, as we’re seeing today, we’re down another 250. No wonder investors — and traders — have lost their minds this week. I’m pretty sure I’m balding from it...
by Ian Cooper | Mar 13, 2015 | Uncategorized
The markets have been a disaster this week. One day we’re down 300. The next we’re up 250. And then, as we’re seeing today, we’re down another 250. No wonder investors — and traders — have lost their minds this week. I’m pretty sure I am balding from it...
by Ian Cooper | Mar 12, 2015 | Uncategorized
Just yesterday I issued a buy on the Lumber Liquidators (LL) stock as it traded around $34. Today, it’s 7% higher at $36.61… and the short sellers aren’t happy. I didn’t recommend options at the time because the bid-ask spreads were too wide. But that has since...
