Tag Archives: long

Those Who This Morning Thought Markets Would Close Up Deserve To Lose Everything They Did — And Why Is ‘Ferrari’ UP?

by Anura Guruge


Click to ENLARGE. Of course using base material from ‘MarketWatch’.


Click to ENLARGE. Again from ‘MarketWatch’ — where else?


The mentality and acumen of many of my fellow investors amaze I!

Why would you think — on a FRIDAY — with New York & California closing down, that THE SMART MONEY (and yes, I do count myself among those (SMILE, SMILE)) would go LONG into the weekend. [‘Long’, meaning without taking risk off the table.]

That is not how it works. Smart money is risk averse. They are NOT going to get caught short over the weekend in case things really start to unravel. Best to unwind position and keep your powder dry for Monday.

All that said, I am LONG — and have been for 20-years! But, I am SMART MONEY.

I knew that we would close down today. Had to. If we hadn’t, I would have despaired.


I am keeping an eye on Ferrari.

Now, in the case of Ferrari — I did sell! I had owned Ferrari for YEARS, since it was spun off from ‘Fiat Chrysler‘ in 2014!

I will buy it back — later in the year.

But, why is it going up NOW?

How is rushing out buying cars right now.

Very strange.

I feel bad for the stupid money. SMILE.


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by Anura Guruge

Time, Methinks, Given Geopolitical Bedlam, To Get Into Some Long/Short Mutual Funds.

by Anura Guruge


Click to ENLARGE. From Fidelity.


I do not have the temperament, the patience or for that matter the essential cahoonas to short stock. I also REFUSE to have ‘margins’ on my trading accounts. I will only trade using my money. SMILE. So, in 40-years of active trading, some of it manic, I have NEVER shorted a stock. Yes, I do do options, but yet again, straight uncomplicated (but creative) CALLS. I am not greedy. I have been doing this for a longtime and in the last decade or so hit my stride. SMILE.

Well, I am still going to stay LONG this year — irrespective of what transpires.

Given that I have stayed long for decades, I am not about to suddenly change my philosophy to trading. PLUS, given how long I have been long — on some ‘decent’ stock (like say ‘AMZN’) — there is really no reason for I to panic.

But, over the weekend long/short mutuals came to mind. I, as is my wont, did some extensive and frenzied research. Yep, they seem to make sense. I do NOT plan to put much in them. Probably not even 5%! In a way they are but a diversion.

Anywho, I just wanted to share my thinking & research, over the weekend, with you — as I am like that. The two mutuals identified above look ‘OK’ to I. Both have ‘higher-load’ variants — hence why you see them basically twice. Check them out if YOU too had been thinking about long/short mutuals.


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by Anura Guruge

I Was Wrong About Trump’s Ultra-Long Ties — They Were NOT Freudian In The Phallic Sense.

by Anura Guruge


Click to access my September 2016 post.


Click to access original from the “W Magazine”.


The New Book.


Click to access original from ‘Philly.com’.


Well, well, well.

Chris Christie explains what it is all about.

Yes, it is definitely size related, but not size in a Freudian sense.

Trump thinks long ties make you look THINNER.

Wow. What a clown? Nothing short of a drastic diet will make Trump look thinner. As for Chris Christie. Come on?

A long tie. These two fatsos are crazy.


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by Anura Guruge

Who Will Stay Long Tomorrow, With Markets Closed On Friday, N. Korea, Syria & Russia All In Play.

by Anura Guruge





U.K. Daily Mail, April 12, 2017.


I have been amazed that the market has been resilient in light of all of this geopolitical unrest.

Never seen it so steadfast and ready to ignore Tomahawks being lobbed around, willy nilly.

But this weekend could be rather interesting to say the least and the Markets are close on Friday for Easter.

So, any risk aversion trades will have to be done Thursday, April 13, 2017.

I will continue to stay LONG.

Having stayed LONG, without a single exception, for the last 10 years there is no point trying to be cut now.

I have quite literally accumulated enough ‘Market Karma’ to keep me going through a few corrections. {SMILE}

Basically thinking out aloud.

As an option trader all volatility is what we live for.

All the best. Bon Chance. It could be quite the ride.


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by Anura Guruge

Selling Off Amazon Shares On Cyber Monday Is Incredibly STUPID — Just Herd Mentality!

by Anura Guruge


amznnov28

Click to access v. germane ‘MarketWatch’ story.


amzncybermon

From “MarketWatch” — use link above to access chart if you need to. Otherwise: marketwatch.com


 

Betting against Amazon post-Black Friday and during what is really ‘Cyber Week’, rather than just Cyber Monday, is PLAIN STUPID.

You know, and I know, that Amazon is making out like a bandit.

Others might do well, but in the end Amazon would still have done better.

Why bet against Amazon (AMZN) to YOUR detriment.

Today’s 1.9% drop should be a buying opportunity.

Amazon will go past $800 before the year is out AND ahead of the Fed’s, inevitable (spite Trump), December rate increase.

This is not the time to sell. Wait for it t0 get to $800+ — then sell JUST ahead of the December Federal Reserve meeting December 13 – 14, 2016.

But for now … BUY, BUY, BUY AMZN.

Full disclosure: I own AMZN and I am very long. 


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by Anura Guruge