Phil's Stock World, Stock Options Trading & Information

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Phil - I am 3 month follower and shout a big thanks for all the good advice and training. I read all the materials and posts as suggested. I am retired CFO and took over my investments 2 years ago from broker after frustration with returns. I followed some conservative advice for retirees and have 60% bonds currently in a 5m portfolio. I had been doing covered calls on my stocks to boost returns and slowly am getting more aggressive after following your site and my son who has been with you for 6 months. I allocated 1.5m to stocks and am scaling up from 30%. I did some of the trades suggested in early June using Aug & Oct buy/writes on CSCO, WMT, MON, WFR, DO in addition to calls on XOM, CVX, PEP, PG, WM, T that I owned. Most are doing very well (4-24%) in 60 days. My good problem is that instead of getting longer, I will be making 6% quickly (50% plus annualized) and getting called away on many positions. What would you advise for getting long again. Thanks again for such a great job advising all of us!

- TXChili

Brilliant covering of the arcane, the profane , but never the mundane! Easy to understand the reason for your huge following, Phil, and why you have become a must read on my daily agenda. Please accept my complete appreciation.

- Seeking Truth

Joined last year and and started profitably trading options thanks to everything I have learned here. THANK YOU!!

- OnWisconsin

Phil, Passed a milestone today since joining 2 months ago. 25% of my account is in buy/writes, bull call spreads and disaster hedges. A majority of the trades were taken directly from your ideas or someone else`s contributions. Some were daytrades that became spreads. That part of my account is up 30% as of today. I don`t worry about it, or mess with it much, did a few rolls etc. Rest of the account is there to day trade, cover the writes and take advantage of opportunities. Thanks to everyone who contributes here, what a sweet way to trade, so many opportunities.

- Ben1Be

Phil Thank you very much, I appreciate your help and wisdom.

- CdsdpDean

On Optrader's section yesterday he was asked how he works with AAPL as an investment. He replied that he just ‘plays with the covers'. I've got a separate portfolio where I use primarily this technique over the past 6 months. Up 60% The principles involved are stock selection, patience, patience, using covers to protect profits, rolling covers to maximize premium return, and exiting when covers are gone and stock price is high. Sometimes it's hard to remember where you learn to do this stuff, but much of it is from integrating principles I've learned here with thing I already knew. Thanks for the help on this, Phil and others.

- Iflantheman

Way to go Phil! Have I said how much I appreciate your site lately! Your ability to teach and your willingless to give others a forum to demonstrate their own skill sets makes your site remarkable. I got great help from you, jmm1951, and Iflantheman (special thanks!) today. Hell, if I have many more days like this I may even be able to sign up for a full year rather than doing it just quarterly. Tomorrow is another day but, fabulous job today!

- dclark41

I can't believe it. After 2 Months of reading every post of every section on this site, the light bulb finaly went on. I was begining to think this was beyond me capacity to understand. Thanks Guys. Specifically Phil, Pharm, Cap, Matt. Im still Green as a leprechaun but I pulled the trigger on that SRS Vertical you laid down yesterday Phil. Very Clever. Now if I can just figure how to roll I migh make some money. Thanks for sharing, This community you have here is quite remarkable.

- Zucko

Phil, I don't know if I told you lately but you da man! I'm doing so much better following your guidelines. It's like you actually know what you are talking about. 8-) I've tried a lot of services and none of them are as comprehensive or honest AND successful. I appreciate all youz other guys/gals input as well…learning tons as a relative newbie to this game.

- Aclend

Dear Phil, I have followed along with your commentary and alerts and have been flabbergasted at your quick analytical skills and your journalistic skills to explain it clearly. In a little over three weeks I have cleared almost 1000.00 dollars and got an intensive education at the same time. I would like to immediately upgrade my membership. It is hard for me to follow all evening as I am in Tokyo but I can join you at the beginning of the market and read the next day.

- Tokyolife

Hello Phil, Thanks for the heads up on the comming sell off on friday, and the bs job yesterday. your our guiding light!

- Microflux

Thanks for the oil tip Phil: Bot & sold the USO May 29 calls for net $125. Not bad for few minutes work.

- JWick1981

Phil - DIA 107 Calls. As suggested I am taking the money and running to home depot for some shelter supplies! This is the grand finale of several successful trades from you through this roller-coster and as you have further suggested it is time for me to sit back and relax in cash. May even be able to talk my wife into the premium membership after these intelligent trades in a stupid market.

- DOStrade

The best play I made this year was PSW. Will renew my membership tonight. Looking for the same trading profit percentages next year, but will have an advantage from the compounding, and much better skills acquired from you and the many skilled PSW co-pilots. Thanks!

- Gel1

Phil, 26% on the week for the 20% I day-trade, and since drinking the kool-aid last fall, the whole portfolio has doubled. Have a great weekend !!

- JRW III

I picked up one of your recommended Gold plays, the July ABX 30s and sold the Feb 35s, which are now mostly intrinsic value. Is it time to roll these to the March 37.50s, or should I wait this spike out?

- Bill Hoffman

Phil – Not that you dont usually, but you have DEFINITELY earned your money this week. THe recommendations have been PERFECT. Selling into the initial excitement (MULTIPLE TIMES), hedges, everything. Im reading this when I get home from work and want to cry b/c I cant trade at work! I might have to start getting up at 3 AM though to catch those trades bc youre killing it then too! May you and yours have a blessed weekend!

- Jromeha

Wow, Phil, we pretty much made your levels. Your levels: Dow 7,404, S&P 775, Nas 1,466, NYSE 4,839 and RUT 402 My sceen is showing: Dow 7,404, S&P 777, Nas 1,462, NYSE 4,868 and RUT 404

- Jordan

Very nice in and out on those USO puts again, easy way to get the subscription covered in just a couple of hours. Thanks again Phil and everyone here contributing to such intelligent and informative discussion! I have wasted countless hours reading "professional newsletters" and message board blather over the years. Have learned a great deal here in a very short time. I have sent out a number of invites to friends and family for stockworld!

- Eyezz

Phil - I LOVE these futures trades at random hours! I wasnt able to get in on the 612 part but if I had it wouldve been 130$ (2.6%) on a 5k contract in less than 30 minutes. I know you have to sleep, spend time with fam, ect but Im just letting you know that your posts after hours/late at night has made people who followed them a decent chunk of change. Thank you, we appreciate it!

- Jromeha

Sold the BG puts I got yesterday at $1.30 for $2 just now. Might be a little early, but I'm happy with that gain. Thanks Phil.

- Smasher

Maya, After years of being pretty good at picking stocks I still managed to lose almost as much as I made.All the reading Phil asked us to do as a new member (And everything else I can get my hands on lately) has revealed my Achilles Heal.Good stock picks do not necessarily make money. My problem was swinging for the fences. Since becoming a member Jan 1 this year and getting into to scaling into small trades I am amazed at the steady profit growth I have experienced already while not worrying about getting killed. And having fun doing it.. Phil, Thanks for the education, the help you give and the chance to learn more and get better. Also thanks to all the members who have answered the few questions I had when your not around.

- Ricpar

100KP dividend plays - FYI, I'm loving them...thanks, Phil!!! Including the $0.848/share dividend, I am up 100% on my $2.38 net entry on LYG...that's pretty cool!

- SSDirk

hil, I hit my targets for the year in my 401K (thanks in no small part to your site), so I cashed out of all positions a couple of weeks ago. Feels good... I'm conservative with this money –looking for 2% per month, which i've been able to do… thx.

- Lunar

I have learned more about options in the past 2 weeks as a full PSW member that the previous 5 yrs of making more bad than good option plays. The educational material alone is worth several times the price of admission. I have had an expensive education on what not to do- what is past is past- I am looking forward to profitable/fun future.

- Pstas

I have been very fortunate over the years as an investor. Last year was on of my best in terms of percentage gains. I have to attribute much of this success to my membership in PSW which gave me the best education available anywhere when it comes to the understanding of option trading , discipline and general trading strategies. I will be forever grateful to Phil and the many "highly skilled" traders that have offered their advice.

- Gel1

Phil: I have 263 positions - 70% in options ( balance stocks) in three portfolios with a value of 3 mil. YTD profit is about $750,000. Thanks!

- Gel1

Peter D, Just a note of thanks. Eight weeks ago, I entered my first RUT strangles, when the RUT was at 625. Tomorrow, I will let them expire, with the RUT at 625 (give or take). I didn't care when the RUT went to 650, nor when it dropped to 590. Easiest, no touch money I've made in a long time.

- Judahbenhur

GLD I took out my callers and rolled down my longs this morning, woo hoo!

- Ephmen85

Once again, many muchos for the SODA trade of last week. Finally out of all three legs. I didn't want to wait for expiration tomorrow and the possible peg at $70.00, following your dictum to not get greedy.

- flipspiceland

Archive for August, 2007

Thursday Morning Post

by HappyTrading - August 9th, 2007 9:13 am

This is for the Thursday comments! Be very careful out there. This is why we’re keeping cash. Good thinking by those who added to their mattress plays yesterday!

363 Comments »

Thrill a Minute Thursday

by HappyTrading - August 9th, 2007 1:31 am

"…it doesn’t necessarily mean that being bearish is suddenly more profitable!" – Phil Davis

The stock market was in a very cheerful mood today! CSCO’s earnings seems to have inspired buyers to come back in. CSCO shares went up +6.7%, comparing to yesterday’s AH gain of +5.73%. I also mentioned PCLN yesterday with an AH rise of +10%, and it closed up more than +22%!! Things were simply on fire today! Right from the open, the investors/traders must have felt like they are chasing a runaway train! Nasdaq gained more than +60 points at one time, closing up +51.38! SPX closed just under 1500. The Dow made it almost to 13700!

I’m going to continue the theme that I started yesterday, comparing VIX to SPX. Yesterday, I pointed out that the support levels of SPX seem to be pretty strong and VIX has gotten too high. Together, these indicators signaled a market bounce for me! And, look what happened today! I can’t take all the credit though. There were simply too many shorts in the market. With a bellweather company like CSCO delivering positive news, the bulls used it as an excuse to give the shorts a hard squeeze! Of course, from my perspective, the “technicals” supported that move!

SPX

SPX pierced through 1500 at one point, but, closed just under it. Its MACD continues to rise. We’ve been talking about the support levels, which I had set them at 1440-1460. Now, I’m looking at some near-term “resistance” levels. Since SPX did go above 1500, I’m seeing 1500-1520. This is the range that I’ll be looking for SPX to go above to feel more comfortable that the market has completed a healthy correction, and can resume back up.

VIX

VIX continued its slide today, although not by a whole lot. Its MACD is now curving down. “19" was its resistance for over 3 years. Now, it may become a support. So, VIX could come all the way down to test 19. Going along with yesterday’s theme of “VIX peaking and coming down, up goes the market”, we may see the market go up more, before the market feels the need to make a double bottom. So, keep in mind of those support and resistance ranges.

President Bush had something to…

14 Comments »

Big Chart Update

by Phil - August 8th, 2007 4:09 am

How are we doing?

When I have to view the market from 4,000 miles away I find the good old Big Chart to be a particularly useful way to check the vitals:

		Day’s	Must	Comfort	Break	Next
Index	Current	Move	Hold	Zone	Out	Goal
Dow	13,463	35	13,000	13,300	13,500	14,000
Transports	2,891	57	2,800	2,900	3,000	3,250
S&P	1,476	9	1,470	1,505	1,530	1,550
NYSE	9,606	52

…

Join Member's Chat - 314 Comments Here »

After The Fed Wednesday

by HappyTrading - August 8th, 2007 12:46 am

So, the Fed holds rates unchanged and the market rallies, as explained by this article from Reuters. According to this article, “The Fed, which also left interest rates unchanged at a policy meeting, buoyed the market by reassuring investors that problems in mortgage lending and corporate finance would not drag on the broader economy.” Hmmm…is it all really all that simple? So, why did the market dip to day low, before finding the “right” direction to go?

In fact, “this” happens a lot when there are no surprises from the Fed. (By “this”, I mean that the market first goes the “wrong” direction, and then, turns around quickly and go the right direction.) Most people expected the Fed to hold the rates steady. So, why didn’t they react right away and let the market go up more? Why did it have to come down first? Manipulation? No, you don’t say! Could it be that if the market had continued to go up right when the Fed announced its decision, it might have jumped too much and get ahead of itself? Are the big traders “somehow” guided by technicals?…and, is there some level of “control” beyond the fundamentals? No, you don’t say!

Let’s expand a little more on “the technicals”!
SPX

SPX had tested 1440 and it held up. Yesterday, it closed above 1460. These are the support range levels that we’ve been looking at since 7/26. Now, the chart shows that the MACD is turning up. These are signs that show the strength of the support.

I’ve also been pointing out that the VIX is very high!
VIX

VIX today closed below its 10-day MA. The MACD is just starting to come down. In the past 10 years, VIX had always gone up when the market is down. But, when VIX peaks and starts to slide, the market goes up. When VIX stays steady, the market continues on an uptrend rise.

So, why am I pointing this out? Like I’ve been saying for a few days now, I think that VIX had gotten too high, ahead of its technicals, and it needs to come down. This translates to “It’s time for the market to bounce”!

Also, check this out:
SPX (monthly, 5 years)

Even after 3 weeks…

3 Comments »

Volatility = C-O-N-F-U-S-I-O-N

by OptionSage - August 7th, 2007 11:53 pm

Well, well, well, what an interesting day in the market! Billed as one of the most anticipated Federal Reserve policy statements in decades, the market digested the news with the following intra-day moves: It was initially down, then it was, up, then it was down, then it was up, then it went up some more, then it went down a lot, then it went up a lot, then it went down, then….heck now I am confused…where did it end up? Flat?!?!

At 1.37 I mentioned “I sure hope we get some reaction either way, I’ll be very disappointed if we don’t get volatility after the statement comes through.” Well we got the volatility alright, but it sure would have been nice to see the move in one direction! As it is we end the day up just slightly, 35 points on the Dow, 14 on the NASDAQ and 9 on the S&P 500.

Today, I think we all learned that volatility can be spelled C-O-N-F-U-S-I-O-N! The market didn’t know how to react to the policy statement which read:

“The Federal Open Market Committee decided today to keep its target for the federal funds rate at 5-1/4 percent.

“Economic growth was moderate during the first half of the year. Financial markets have been volatile in recent weeks, credit conditions have become tighter for some households and businesses, and the housing correction is ongoing. Nevertheless, the economy seems likely to continue to expand at a moderate pace over coming quarters, supported by solid growth in employment and incomes and a robust global economy.

“Readings on core inflation have improved modestly in recent months. However, a sustained moderation in inflation pressures has yet to be convincingly demonstrated. Moreover, the high level of resource utilization has the potential to sustain those pressures.

“Although the downside risks to growth have increased somewhat, the Committee’s predominant policy concern remains the risk that inflation will fail to moderate as expected. Future policy adjustments will depend on the outlook for both inflation and economic growth, as implied by incoming information.”

Well it seemed everyone was confused. Our pal Jimbo – oh you know we love you Jimbo! – did a complete 180 on CNBC where he stated that he did NOT want a rate cut because…

Posted in Education | 6 Comments »

Tuesday Member Post

by HappyTrading - August 7th, 2007 9:07 am

Good morning everyone! This is just a post for today’s comments! Wow, ONXX just keeps on going!

422 Comments »

Which Way Tuesday

by HappyTrading - August 7th, 2007 3:05 am

What a refreshing day Monday was, after what happened last week! On Sunday night, I said, "We’ll likely see more volatility in the beginning of the week." Today, the market opened lower. Financials, housing, oil refiners, oil services, and metals all got hit early on and quickly slid

to new lows. But, at one point, the VIX jumped over 26! On the members board, I commented, "The market was hitting all those that were still high (PCU/FCX/ACH/BIDU/FWLT/FFIV…etc). But, VIX is so high; not chasing puts right now either. "

Soon after that, the market started to turn. And, much to my pleasant surprise, SPX climbed all the way back to above the support levels that we’ve been talking about (1440-1460), closing at 1467.67! The Dow added nearly 300 points! Today’s actions pretty much cancelled out Friday’s damage. The market now stands in a nice neutral place, waiting for the Feds to make the call.

Asian markets seem to be picking up the same vibes and are waiting to see how the U.S. market will react on Tuesday. Even though in China, they seem to think that their inflation will be contained. Hong Kong, China, and Japan are all just slightly in the green after the morning session. Maybe people are feeling a bit "sheepish" right now, and not sure if they want to be bulls or bears. There’s certainly no need to act too fast, and there’s nothing wrong with being cautious and patient!

Both Phil and Zman had been looking for the oil to come down. Today’s stock market rally was nicely accompanied by a continuing fall in oil and gas prices. September oil fell more than $3/barrel, and gas futures slid more than 10 cents to settle below $2 a gallon. Also, on Zman’s site, he is keeping an eye on the companies that are reporting this week.

WYNN reported strong results after the market, sending its shares up more than +10%, to above 118, in AH! LVS also benefitted from the news, going up +3.76 points, to almost 103, in AH! Both LVS and WYNN were featured in my post on 7/30, LVS was trading around 86, and WYNN was trading around 100! Many our members should be quite "happy" tomorrow morning, as one of our members posted this note:…

20 Comments »

Monday Member Comments

by Phil - August 6th, 2007 5:22 am

As I’m away and we have guest contributors (great stuff from both Happy and Sage this morning by the way!) I think we should do a post every morning that will clearly be where the chat should go.

(That would be this one for those of you not quick on the uptake!)

- Phil

Join Member's Chat - 345 Comments Here »

Monday Madness – Welcome to the House of Fun!

by OptionSage - August 6th, 2007 3:29 am

“..Welcome to the house of fun, Welcome to the lion’s den, Temptation’s on his way, Welcome to the house of fun..” – Madness, House of Fun Lyrics, 1982

Temptation is indeed on its way and the market sure does feel like a lion’s den! The steeper the drop, the more severe the decline, the more painful the feeling, the higher the VIX (currently 25.16 after an 18.57% increase on Friday!), the more Cramer flies off the edge, the closer we come to the bottom. BUT, that does not mean we should try to predict when it will occur so two things to keep in mind this week:

1 – “IT IS NOT MY JOB TO SAVE THE MARKETS” – Phil Davis

2 – DO NOT TRY TO CATCH A FALLING KNIFE (meaning it’s dangerous to try to buy a stock that is falling because likelihood is it’s falling for a reason!

The S&P agrees “Investors were provided with a reminder of why it is still too early to go bottom-fishing in the financial sector when Standard & Poor’s downgraded the debt rating outlook for Bear Stearns (BSC 108.42, -7.21) to negative from stable.”

Indeed Cramer followed up on Friday in his Mad Money show with the comment “It will never be harder to keep you in the market than over the next two weeks”.

In response to Cramer’s desperate call for a rate cut Phil commented on Friday:

“The problem is A) The Fed can’t cut. B) What he is asking us to save is to save the brokers who overpaid for commodities and overpaid for energy stocks and guided their companies to overpay for companies in deals that make no fundamental sense and to bail out builders who overpaid for land and materials while overcharging the consumers… etc… They are like crack addicts that need “just one more” interest rate fix to get through the night but THEY ARE NOT GOING TO CHANGE!”

So the question is how are YOU positioned? Phil noted also on Friday:

“If I wasn’t heavily hedged I’d be 100% in cash after watching today. I’m over 80% cash in the STP…

Posted in Education | 15 Comments »

Another Manic Monday?!

by HappyTrading - August 6th, 2007 2:51 am

Hello, everyone! This is HappyTrading! As most of you know Phil is on a family vacation for the next 2 weeks. I’ll be "Phil"ing in with the daily posts on Phil’s blog! I’m on the west coast, so it would be difficult for me to do a post before the market opens. Yes, I am still in bed at 4 am (7 am EST). So, I don’t promise a morning post, but, I’ll definitely make at least one post a day, most likely in the evening. For our members, which ever post is the lastest will be the one to make your daily conversations in.

Now, let’s talk stocks! Boy, what a market we have, huh?! Down-and-up, run, skip, jump, crawl, roll, fall, spin, slide, and crash; all in one day (Friday)! The major indices all broke the near-term support levels that we have been looking at: the Dow closed below 13200; SPX closed below 1440; and Nasdaq closed below 2525!

Following our market, the Asian markets opened mostly lower, as expected. Japan (N225) opened down over 100 points and went briefly under 16700. It is bouncing back right now, as I’m writing, down only 43 points. Hong Kong is presently down over 560 points, or 2.5%!! Shaighai is actually "up" 51 points at the moment! We’ll have to see in the morning how they all close.

On my blog, we looked at the SPX and Nasdaq’s weekly chart this weekend:

We could look at 1420 for support on SPX. This is where the weekly lower Bollinger Band (BB) is at, and there is a stronger support is at 1400! For the Nasdaq, we’ll be pay attention to 2475!

In both case, the MACD has turned down, which is not a "happy" sign!

On Tuesday (8/7), we have the FOMC meeting. Although most people don’t expect the Feds to lower the rates just yet, more and more people do think that the rates will be lowered before the end of the year. We’ll likely see more volatility in the beginning of the week.

We’ll be paying close attention to the financial (XLF, ETF) and housing (HGX, index) sectors. Oil refiners fell off the cliff these past 2 weeks and still could go lower. Many of the refiners are reporting this week, and Zman…

No Comments »

Market Montage

Whitney Houston Dead at 48

February 11th, 2012 8:20 pm

Submitted by Mark Hanna

Courtesy of MarketMontage. View original post here.

Damn. Two (MJ and Whitney) of the big 4 of the 80s gone – Madonna and Prince remain. Probably the most well known Star Spangled Banner ever…

Disclosure Notice

Any securities mentioned on this page are not held by the author in his personal portfolio. Securities mentioned may or may not be held by the author in the mutual fund he manages, the Paladin Long Short Fund (PALFX). For a list of the aforementioned fund's holdings at the end of the prior quarter, visit the Paladin Funds website at http://www.paladinfunds.com/holdings/blog

...

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Zero Hedge

Europe: "The Flaw"

February 11th, 2012 8:05 pm

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

We have posted various extracts from this piece from Credit Suisse previously. We will post from it again, because, to loosely paraphrase Lewis Black, it bears reposting... especially in the context of the latest and greatest Greek "bailout" (of Europe's bankers), which incidentally, will achieve nothing and merely bring the country one step closer to a military coup and/or civil war.

The flaw

The market is essentially proceeding on the assumption, as we see it, that banks’ capital requirements can be met organically, through earnings and deleveraging. We ...

Phil's Favorites

It's Well Past Time for Plan Z

February 11th, 2012 6:46 pm

It's Well Past Time for Plan Z

Courtesy of The Automatic Earth

Mario Draghi captured the utter ineptitude of him and every other Eurocrat out there when he said the following at today’s press conference in response to a question about a Greek exit: “To have a Plan B means defeat already. I am confident that all the pieces of this will fall in the proper places.”

Most 5-year old children in pre-school have already been told not to believe that they can always win and that “winning isn’t everything”, but Draghi & Co. still refuse to consider the possibility of failure even as it is staring them in the face. What’s really disturbing is that the stakes here are obviously much, much higher than they are o...

Chart School

The Student Loan Debt Bomb

February 11th, 2012 5:35 pm

Courtesy of Doug Short.

Advisor Perspectives welcomes guest contributions. The views presented here do not necessarily represent those of Advisor Perspectives.

It's interesting to watch some of the terms bandied about in headline news. For example, the LA Times headline reads S&P says student loan debt could be next financial bubble.

Next? Could Be?

What with the word "next"? Also what's with the words "could be"? Without a doubt student loans are in a bubble and have been for many years. The source of the problem, as it always is with financial bubbles, is cheap money, loans to nearly anyone, and in the case of student loans, no way to discharge the debt, even in bankruptcy.

From the article:

"Student-loan debt has ballooned and m...

Sabrient

Sabrient Risers - 2/11/2012

February 11th, 2012 12:00 am

Top 5 RisersStockRatingAnalysisICABUYThe projected value for Empresas ICA is still rising quickly even though past earnings have already improved significantly.XBUYThe projected value for US Steel is still rising quickly even though past earnings have already improved significantly.FEICBUYProjected value continues to rise for FEI while long term increases in earnings growth are also becoming more widely expected.ASBCBUYMany analysts are expecting higher than previously expected long term growth from Associated Bancorp, and its near-term earnings outlook is also improving....

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Insider Scoop

Benzinga's M&A Chatter for Friday February 10, 2012

February 10th, 2012 6:20 pm

Courtesy of Benzinga.

The following are the M&A deals, rumors and chatter circulating on Wall Street for Friday February 10, 2012:

Actuant Acquires Jeyco Pty

The Deal:
Actuant (NYSE: ATU) announced Friday that it has acquired Jeyco Pty Ltd (“Jeyco”). Headquartered near Perth, Australia, Jeyco designs and provides specialized mooring, rigging and towing systems and services to the offshore oil & gas industry in Australia and other international markets. Additionally, its highly engineered products are used in a variety of applications for other markets including cyclone mooring and marine, defense and mining tow systems. Jeyco generates annual revenues of approximately $20 million.

Actuant shares closed at $27.33 Friday, a loss of 0.18% on average volume.

...

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ETF Selector

ETFs Skid On Greece (VGK, EWG, FXE, DIA, SPY)

February 10th, 2012 4:11 pm

Courtesy of John Nyaradi.

Greece was “saved” for less than 24 hours but now major ETFs around the world skid into the weekend on Greek fears

After wangling for a week or more, Greek took their new deal to the European Ministers meeting, only to have it promptly rejected and so as we go into the weekend, major global markets and ETFs have again hit the skids on Greece.

After two years of wangling, the European zone is demanding yet more and deeper cuts for Greece to qualify for the next round of bailout loans that will keep the country from going bankrupt on March 20th.

Major European and United States ETF responded negatively to the new developments:

SPDR Dow Jones Industrial ETF (NYSEARCA:...

All About Trends

Mid-Day Update

February 10th, 2012 1:40 pm

Reminder: David is available to chat with Members, comments are found below each post.

Click here for the full report.

To learn more, sign up for David's free newsletter and receive the free report from All About Trends - "How To Outperform 90% Of Wall Street With Just $500 A Week." Tell David PSW sent you. - Ilene...

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Option Review

True Religion Falls Apart At The Seams After Earnings

February 10th, 2012 1:22 pm

Today’s tickers: TRLG, KR & IGT

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OpTrader

Swing trading portfolio - week of February 6th, 2012

February 6th, 2012 9:02 am

Reminder: OpTrader is available to chat with Members, comments are found below each post.

This post is for all our live virtual trade ideas and daily comments. Please click on "comments" below to follow our live discussion. All of our current trades are listed in the spreadsheet below, with entry price (1/2 in and All in), and exit prices (1/3 out, 2/3 out, and All out).

We also indicate our stop, which is most of the time the "5 day moving average". All trades, unless indicated, are front-month ATM options.

Please feel free to participate in the discussion and ask any questions you might have about this virtual portfolio, by clicking on the "comments" link right below.

To learn more about the swing trading virtual portfolio (strategy, performance, FAQ, etc.), please click here

Optrader

...

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Stock World Weekly

Stock World Weekly: The Relentless Pursuit of Meaningless Metrics

February 5th, 2012 5:19 am

NEW: Elliott and Ilene are available to chat with Members regarding topics presented in SWW, comments are found below each post.

Here's the latest Stock World Weekly, called "The Relentless Pursuit of Meaningless Metrics."

...

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IRA Strategy/Income Trader

Weekend Virtual Portfolio Update 1/30/2012

January 30th, 2012 7:22 am

Here is a quick update of past trades and our current position. AA Money No trade this week as we wait for AA to settle. Phil remarked last week that AA seemed overvalued. In the meantime, it looks like we might have to roll our Feb 9 calls. Good thing we sold only 5 of them against our position. Last week P&L - 310.00 We lost ground last week, but we still have 11 months to sell premium! FAS Money Very good week for FAS Money as we benefited from the large amount of premium sold the previous week. We covered most of the shorts in advance of the Fed speech, but sold another set of options on Wednesday after the speech - 2 FAS calls that expired worthless on Friday, 2 FAS put that we are still holding and 2 FAZ put that we bought back for a profit on Friday. A late stick comparable to last week's almost gave us problems at the end of the day though! Last week P&L - $4277.00 IWM Money A decent week in this virtual portfo...

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Pharmboy

Biotech Investing for 2012

January 18th, 2012 1:09 am

Reminder: Pharmboy is available to chat with Members, comments are found below each post.

Finding new and exciting Biotech companies that target novel mechanisms is like trying to find a needle in a haystack. Sure there are many companies working on cutting edge science, but investing in those companies to reap the rewards of their work is a very dangerous game. More often than not, companies fail because the mechanism does not pan out, the compound(s) do not have pharmacokinetics (get into the body or last very long in the body), or an adverse event happens that knocks years off a development timeline. In addition, the stock can be manipulated by market makers so investors don't know which way is up. I approach investing in biotechs as a long term prospect. I continue to like our current portfolio of biotech companies (join in chat for many of those plays), and we continually add/subtract shares and sell/buy options on ...

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Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

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