RunawayTrader

A few kindly readers have recently commented about my prowess at picking winning trades. Let me be the first to confess that last week’s joyride doesn’t mean a thing. Thanks for the nice words, but I won’t let it go to my head, It just gives me an opportunity to remind you of a few well-documented facts:
It’s All [...]

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C is kicking up quite a kerfuffle these days as huge fortunes are being made by savvy traders. I confess, I have made some bucks on this stock, as I reported earlier, but “fortunes?” Not really.
Why? Because I refuse to bet heavily on a stock which, as evidenced by its recent performance, is going to [...]

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They reported slick earnings today like I said they would. I enjoyed a nice 15%, 2-day runup.
Did you avoid HRL like I did? Smart move.
The only trade left on my docket is TIF, the “Breakfast At …” folks. Short this sucker. Make some cash.
And that’s it. No more advance tips. You guys don’t appreciate them.
 
Charlie, the [...]

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Imagine my surprise. I got my comeuppance with not one, but two of my hot picks for earnings plays this week.
First of all, Campbell Soup (CPB), which was not one of my recommendations, took it on the chin today losing 6%. Their numbers beat the street, but they guided lower because the strong dollar is [...]

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Last Friday afternoon, I mentioned that I was going to “check in on” Citigroup (C) with an eye toward going long as the market closed. Actually, I got antsy a little early (I hate when I do that) and purchased shares in mid-afternoon, a rookie mistake if ever I saw one. It’s almost always smarter [...]

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Compared to previous weeks, the parade of earnings this coming week is paltry and more difficult to predict. Still, there may be a few nuggets to gamble on.
Monday, of course, HPQ reports and I’m forecasting pleasing numbers. Why so sure? Because this past Tuesday they preannounced their performance will exceed Wall Street’s profit projections, and [...]

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This market is getting terrifyingly awful. Before this awful slide began, you’d get some down days, but you could always expect a bounce-back that would at least get your head above water again.
No more.
This market just keeps going down and down and, yes, down.
I mentioned in a post a couple of months ago that I [...]

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Right. Given a choice of a poke in the eye with a sharp stick or the money I made with XOM and ANN, I’d take the money.

First off, ANN did report lousy earnings, as commenter Phil Jacobs pointed out, but their earnings miss and decision to drop guidance apparently didn’t much faze owners of this [...]

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Jim Cramer, the raving sycophant, actually said something interesting the other day. I didn’t actually hear it. I was busy trying to make money so I can get out of town, but it was reported by other reporters at a time more convenient for my tube watching. What he said, if I can paraphrase my hearsay report, [...]

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You would have been richer for it.
Barnes and Noble same-store sales sunk 6-9%, depending on which statistics you’re reading, and a stock that traded yesterday in the afterhours at $13.37, hit a low of $11.34 minutes after the open. That’s good for about $2 a share =on your money or around 10% and I expect [...]

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