by Ian Cooper | Apr 20, 2015 | Forgotten Profits, Trade Alerts
As I noted last week, the markets suck at the moment. It doesn’t matter that we’re up 200 points today. We fell more than 300 just the other day. This is not a picture of market health. This is a snapshot of the S&P 500 over the last couple of sessions. This is...
by Ian Cooper | Apr 14, 2015 | Forgotten Profits, Trade Alerts
The markets are not pricing in reality. Consumers are scared to death these days. We can see that in retail spending. Homeownership rates are at 20-year lows. Unemployment isn’t healthy. The labor participation rate is at multi-year lows. The savings rate is moving...
by Ian Cooper | Apr 6, 2015 | Forgotten Profits, Trade Alerts
Lumber Liquidators (LL) is coming back very nicely. It’s back above $34 a share. Raymond James just upgraded the stock to outperform with a $40 price target. I’m just as upbeat on the stock, as they are. Hold the stock and the call option. As for Coke, the stock...
by Ian Cooper | Mar 25, 2015 | Forgotten Profits, Trade Alerts
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 Ian Cooper | Mar 18, 2015 | Forgotten Profits, Trade Alerts
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 16, 2015 | Forgotten Profits, Trade Alerts
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 | Forgotten Profits, Trade Alerts
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 12, 2015 | Forgotten Profits, Trade Alerts
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...
by Ian Cooper | Mar 11, 2015 | Forgotten Profits, Trade Alerts
“Ian, I did take a hit on the Lumber trade. But I like the idea. And I see that the stock is moving aggressively higher again. How would you trade it now? Other than this trade, I have done well overall. Thanks for your hard work,” wrote John C. Thanks for the...
by Ian Cooper | Mar 10, 2015 | Forgotten Profits, Trade Alerts
I’ve been watching McDonald’s (MCD) as a short candidate. Technically, it’s all screaming, “sell me” after double top failure. RSI is reversing well off its 70-line. MACD is insanely over-stretched into overbought territory. Money is flowing out of the name, per...
