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  • May 12, 2008 06:01 PM EDT by Cody Willard

    The Big 3: Tragedy in China, Phone Fight, and Sell Some

    Here's what was bold in my mind when I wasn't crackberrying today:

    1. Sadness Is Natural, but Keep Going

    2. STILL Blackberry and iPhone vs. the World

    3. Sell Strength 'Cuz Caution Still Reigns

    1. It's very difficult to remove oneself from the emotions around a human tragedy such as today's earthquake in China and our hearts go out to everyone affected. Each of us has a job to do though, and our job here is to report it. Others have to try to trade off the ramifications of the tragedy, but that is their moral and ethical duty, just as mine is now to report it and doing our jobs is a virtuous thing, even as nothing virtuous comes from this tragedy itself.

    2. I think I was asked if RIMM and Apple are on a collision course for the first time when both stocks back about 3 or 400% ago when the iPhone was first rumored to be coming out and the two companies had a combined less than 1% of the world's cell phone market share. They still combine for less than 1% of the market share. They don't compete.

    3. Nice rally today and the DJIA remains near all time highs and all the markets are up 20% or so from recent lows. Meanwhile, AIG and sovereign Bancorp tell us that the credit crisis just got worse again. Don't whistle while you pee and don't whistle past a graveyard. Take some money off the table right now.

    Check it out on YouTube

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Perry

Cody, I had to come back and show off my lab 'BOO', he knows to lay in the yard when I take the cobra for a spin......... http://www.clubcobra.com/photopost/showphoto.php?photo=5259&ppuser=12669

May 13, 2008 at 8:24 am

John Tabacco

Cody, Im CEO and Founcer of Locatestock.com, we are the only online electronic platform for short sellers to find additional hard to borrow liquidity when they have exhausted their entire allocation from their prime, and they want more to short. We currently locate about 7 Billion shares a month, or between 250 and 350 million shares a day for short sellers. Your last point about taking money off the table couldnt be more on point. In April shorts took a little rest, and our short sale requested volumes decreased to an average of 265 Million a day for us, very close to the low end of our range,and that was a pretty big indicator, to us. But this past week the shorts have returned in full force, in the last 5 days and they really dont see many sectors they dont like. We are now averaging over 300 million a day, thru May, up over 15% while major market volumes are flat to down. The shorts are not buying any of these rallies. And my experience tells me that the shorts are almost always right, and by our data, its a good bet that we can expect a big downturn shortly. Get Shorty, could be a profit strategy right now. I have intraday single stock short sale data if you want any support for short theories. JT

May 12, 2008 at 8:33 pm

about this blog

  • Cody Willard is an anchor on the FOX Business Network. Willard is also the principal of an investment management company. He was a long-time featured columnist for the Financial Times and TheStreet.com as well as a regular featured economist and stock picker on CNBC's ''Kudlow & Company."

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