Friday at Graton was going pretty well. I’d satellited into Flight A of the $1700 WSOPC Graton Main Event for $300 and I’d run up a decent stack when I picked up Jh10d UTG at 300/500/500. Normally that’s a fold…
Two stocks report earnings next week that couldn’t be more different: Nvidia (NVDA) and Campbell Soup (CPB). While the vast majority are long NVDA and don’t care about CPB, I’m long CPB and short NVDA. Why? Everybody knows that if…
After a furious bounce back rally the previous thirteen sessions, the market opened higher on Thursday but reversed hard to the downside creating “bearish engulfing candles” all over. This is bearish in the short term and it’s no surprise that…
Palo Alto Networks (PANW) is an extremely popular stock but it seems to be running out of gas based on its 4QFY24 earnings report out Monday afternoon. 4QFY24 revenue increased only 12% and they guided FY25 to +13%-14%. And yet…
As you can see above, the charts of PayPal (PYPL) and Zoom (ZM) look quite similar. Both stocks surged during the pandemic as their services became necessities when everyone was locked down – but have been destroyed and left for…
When I was in high school and dreaming of playing in the NBA a documentary called Hoop Dreams came out that followed two young aspiring basketball players from the inner city of Chicago: Arthur Agree and William Gates. Both were…
While I’m happy to have made Day 2 today of Graton’s WSOP Circuit $250,000 Guarantee with 99,000 chips, I made a couple of costly mistakes on Friday that cost me a significant amount of chips. On the first hand, I…
One of the hardest things to accept is getting older. That is, losing strength, stamina, nagging injuries, lower energy levels, etc…. But until recently, I wouldn’t adjust my workout routine. I continued to try and workout like I was still…
It was never my thinking that made the big money for me. It was always my sitting – Jesse Livermore In Reminsiscences of a Stock Operator, Jesse Livemore recounts the lesson he learned from a character called Partridge. While the…
The July CPI Report out early Wednesday morning was inline with expectations – Headline CPI +0.2%, Core CPI +0.2% – and hasn’t much changed the calculus for whether the Fed will cut 25 or 50 basis points on September 18….