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Monday Market Melt-Down Continues With GE’s 50% Dividend Cut

Related imageGE is restructuring.  

We knew that already and discussed GE in depth (we're still bullish) in this weekend's 2018 Watch List Update, where we identified (so far) a dozen dividend-paying stocks we consider good buys at the current levels, which will become compelling buys if they pull back a bit more with the market.

And the market is pulling back with the Nikkei giving up 1.4% and Europe down almost a full point as Brexit Talks seem like they are failing and our Futures are, so far, down about a quarter point and indicating lower but it's Monday – so anything can happen and it won't mean anything if it does.  I've only got 16 Mondays left until I quit in March (Mondays, not the whole week) so I'm enjoying my last ones before my 20% retirement party. 

Over in Asia, despite still being 40% below their 2007 bubble highs, Chinese stocks are not doing the heavy-lifting required to catch up to the rest of the World, which is right back at the bubble highs.  There was the strong rally of 2015 but that ended in disaster but China has spent many Trillions of Dollars on various stimulus packages over the past two years, and that hasn't helped either.  China has now switched strategies and is ENCOURAGING foreign investors to buy Chinese stocks – that might not end well…  

Polish nationalists light flares during an independence-day march organized by a nationalist youth league, the National Radical Camp, in Warsaw on Saturday. Speaking of things that aren't ending well:  In addtion to Brexit Talks once again breaking down, Europe is a little concerned with "tens of thousands" of White Nationalists marching on Warsaw for the Independence Day Celebration.  While the thousands of torches may have had a festive look and while "Fatherland" is certainly a catchy tune, the new battle cry of the Polish Fascists comes from Donald Trump's July Speech in Warsaw: "We want God," while calling for the extermination of Jews and Muslims

"They found new courage to face down their oppressors, and they found the words to declare that Poland would be Poland once again.  As I stand here today before this incredible crowd, this faithful nation, we can still hear those voices that echo through history.  Their message is as true today as ever.  The people of Poland, the people of America, and the people of Europe still cry out “We want God.”  – Trump

This is, of course, what happens when you declare one certain religion "right" and others "wrong" and most Presidents and rational World leaders have learned to keep the religion out of politics (as our Founding Fathers CLEARLY intended) but, unfortunately, America is now leading the World down that very dark path that leads us right back to Fascism and, eventually, right back to war.

Image result for rt russia today trumpSpeaking of World War III, Russia will "retaliate" against the American Media this week after our Government ordered Russia's state broadcaster, RT, to register as a Foreign Agent after Twitter and Facebook have already banned the organization from buying ads on their platforms (so they were essentially cut off anyway).  "If someone starts to fight dirty, perverting the law by using it as a tool to eradicate the TV station, every move aimed against the Russian media outlet would be repaid in kind," Foreign Ministry spokeswoman Maria Zakharova said.

This tit for tat attack could lead to the banning of US news outlets from Russia, which will then prevent US Citizens from getting anything other than State-Approved news out of Russia – something our Congress has given them the excuse to do by restricting RT.  Somehow the First Amendment isn't as holy as the 2nd Amendment in the eyes of Trump's Congress and this whole thing somehow plays right into Putin's hands yet, somehow, no one can figure out what the connection might be – other than Congressman Eric Swalwell of California, who has a handy reference chart:

Image result for rt russia today trump

It's not a very heavy data week, with "only" 7 Fed speakers, two of which are Evans and PPI, CPI, Retail Sales, Industrial Production and E-Commerce Sales, which will be interesting into the holidays and after the hurricanes.  Thursday's Consumer Comfort Index will be worth watching as we've gotten several declining reports recently on the consumer side – something we DON'T want to see into the holidays.

On the earnings side, there's still a lot of interesting stuff going on and we've been knocking them out of the park with our earnings calls so far. We went long HD and LOW into the huricanes and HD is this week with LOW on the 21st.  Our call from Aug 28th's Morning Report on Low was:

Home Depot (HD) and Lowes (LOW) generally get a nice pop in business following damaging storms and LOW had a recent pullback to $72.50 from $85 so $17.50 is 20% which means we expect a weak bounce of at least $3.50 to $76 and likely a strong bounce to $79.50 thanks to the storm.  The LOW Oct $75 calls are $1.70 and would pay at least $4.50 at $79.50 for a $2.80 (164%) potential gain.  

As you can see, we went miles over our goal in Oct as the $75 calls were $7.50 in the money before expiring at $79.63, $4.63 in the money (up 172% in 2 months).  That was an easy call – all we had to do is watch the news, see that a storm was coming and then think about who makes money on storm damage (autos were a good bet too).  If the Administration is going to promote Global Warming – we may as well learn to profit from it as well, right?

The LOW trade was for our Members only and Target (TGT) is one of the trade ideas we had for our Members in this weekend's Watch List Update, which you can access if you JOIN HERE NOW but, if you don't, we'll be happy to tell you how we did on Thursday.  

 


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  1. Phil/TEVA-not going to say FU, but this is starting to look like it's close to a stock of they year.  2020s are out today (I think).

    https://www.marketwatch.com/story/tevas-stock-drops-after-jp-morgan-downgrades-to-rare-bearish-rating-2017-11-13?mod=bnbh


  2. I'll say it for you seer…

    FU JP MORGAN!!!!!!


  3. Good Morning.


  4. Russell gliding over the 50 DMA!


  5. Interesting – people don't seem to trust Facebook too much!


  6. The Trump rally in perspective – not that big of a deal:

    https://www.usatoday.com/story/money/columnist/2017/11/12/trump-rally-why-its-misunderstood-and-what-do/850507001/

    Especially considering the economy he inherited.


  7. When you don't make people feel welcome, they don't come. Our loss in the long run:

    https://www.nytimes.com/2017/11/13/us/fewer-foreign-students-coming-to-us.html?smid=tw-nytimes&smtyp=cur

    The number of newly arriving international students declined an average 7 percent in fall 2017, with 45 percent of campuses reporting drops in new international enrollment, according to a survey of nearly 500 campuses across the country by the Institute of International Education.


  8. FU GE!!!!
    FU TEVA!!!!


  9. Good morning!  

    Not too much damage on GE (3.3%) on the 5% dividend cut.  Now we'll see what they do with our $4Bn…

    Indexes already recovering a bit, we'll see where things settle.  

    /RB back to test $1.80 from above.  

    /SI popping back to $17.  

    TEVA/Seer – People forget they are too big to fail in Israel.  Unless I'm not understanding some political rivalry, if they had real troubles I'm sure the Government would step in with some cash. 

     

    Big Chart – RUT toying with that 50 dma – below it is bad and they are below it this morning so not taking it back is bad.  NYSE at 12,285 is quietly testing the -5% line – also bad if it fails.  

    FB/StJ – I think it's the hoodie.  Twitter even worse.

    College/StJ – Good for my kids – less competition!  


  10. GE I rolled my Jan 19 23 calls to Jan 20 18 calls. Still have a good hand of short put so I did not sell any additional puts. But it could be a good time to sell Jan20 15 or 18 puts. Holding back on selling calls. waiting for better days!!!


  11.  

     

     

     

     

     

     

     

     

     

     

     

     

     

    *DJ Allergan Holdings Reports 6.9% Stake in Teva Pharmaceuticals 


  12. Phil – Noice AM piece - one is reminded of the age old aphorism, when fascism comes to America, it will be wrapped in the flag and carrying a cross. And it is upon us. Out.


  13. College/Phil  Good for the Twins as well. Toured Stanford last week – What a Campus!


  14. Jabo – "FU JP MORGAN!!!!!!"

    After Wardenclyffe, that's exactly what Nikola Tesla said. Out.


  15. Jabo-almost 1/3 of the way to less selling pressure!  Wonder if the downgrades have anything to do with that.


  16. phil/SGYPW, is buying warrants a bit like buying options--not that i'm interested.  just wanted to understand.  why not just buy call options?


  17. Phil/Greg/GreenCoin,

    Can Greg help us with GreenCoin purchase? Where are they listed now?

    regards


  18. There was a great scalping opportunity available in CMG this morning.

    ~~ CMG – Chipotle Mexican Grill down after Supergirl star Jeremy Jordan blames the company for getting sick/hospitalization . 

     As much as a 16 point drop caused by Supergirl.

    Don't usually look to People Magazine for my investment decisions.


  19. I am licking my lips hoping TSLA continues to rally into the semi truck reveal so I can get a really nice short on them again.


  20. Greg,

     I too am interested in knowing how to purchase green coin. Thank you in advance


  21. people, please buy OTHER COINS, Why fixate on one coin? I don't get it.


  22. GE what a POS!


  23. DJ General Electric Price Target Announced at $25.00/Share by Langenberg & Company 


  24. BDC/Greencoin,

    It is because Phil is thinking of promoting this and we believe in him. Though we know that is it a very risky bet but at least there seems to be a plan to promote based on the good things that it is based on….

    regards


  25. GE/Yodi – I'm still waiting and seeing in the LTP and, in the OOP, we did that roll to 2019 $18s and I guess we'll shift to 2020 as well.  As noted in the weekend post, as long as they don't go BK, we're confident it will all come back over time.

    AGN/Jabob – Wow, that means they violently dumped 3% of the the company in the past few weeks!  I think TEVA is letting AGN choke on their sales and won't do any bullish announcements until they are gone.  

    Fascism/Naybob – I have never understood how things could have gotten so bad in Germany until now, when I see shades of it in my own country.  So sad…

    Stanford/1020 – That's on Jackie's list, she's really taken to coding. 

    ROFL Naybob!  That's the best obscure reference joke I've heard in years…  cheeky

    Warrants/Lunar – I'm not a fan of warrants as they are not as liquid as options and yes, they are essentially the same thing.  Warrants are usually a thing you are given, not a thing you want to buy. 

    GreenCoin/Pat – Good timing as people took my advice and cashed in on that last spike (and BitCoin took everyone down.  BDC has a buyers guide, I'm not sure if there's an update.  

    CMG/Albo – Wow, that's so ridiculous.  Hit $250 for a moment.   You might not look at people but I bet Bots do.

    TSLA/Rustle – Me too.  

    GreenCoin/BDC – What are you saying, are you off GreenCoin now?  If so, I'd rather put a new one together than make other people rich.  If you're no longer supporting GreenCoin – please let us know as we've still been playing with it.  


  26. Stanford/Phil  Oddly enough, there is much less emphasis on tech, more on science and humanities….

    http://facts.stanford.edu/academics/undergraduate


  27. OPEC still doing whatever it takes to keep oil rally going:

    • OPEC sharply raises its 2018 demand forecast by 400K bbl/day from last month's outlook to 33.4M bbl/day, ahead of the cartel's scheduled Nov. 30 meeting to discuss whether to extend production cuts beyond next March.
    • OPEC expects demand to reach 34M bbl/day in H2 2018, ~1.4M bbl/day above what the group pumped last month, according to the group's monthly report.
    • Production from OPEC’s 14 members shrank by 151K bbl/day in October to 32.59M bbl/day as a result of lower output from Irag.
    • Stronger demand has combined with the 1.8M bbl/day of cuts by OPEC and other countries including Russia since January to help tighten the market, pushing Brent crude back above $60/bbl for the first time in two years; at last check, Brent +0.1% at $63.56/bbl, WTI +0.5% at $57.03/bbl.

    Now they are pushing into the rollover so it will be interesting.  There's still 364,546 open contracts on the NYMEX with 6 sessions left and that's a blistering 60,000 barrels per session they have to roll out and the next 3 months are already stuffed with 964,764 contracts so we're up at 1.329Bn barrels on order in the front 4 months, which is INSANE.  

    Click for
    Chart
    Current Session Prior Day Opt's
    Open High Low Last Time Set Chg Vol Set Op Int
    Dec'17 56.90 57.15 56.30 56.68 12:00
    Nov 13


    -

    -0.06 389186 56.74 364546 Call Put
    Jan'18 57.16 57.37 56.53 56.90 12:00
    Nov 13


    -

    -0.08 166309 56.98 517089 Call Put
    Feb'18 57.34 57.52 56.70 57.07 12:00
    Nov 13


    -

    -0.09 50970 57.16 176319 Call Put
    Mar'18 57.48 57.65 56.85 57.17 12:00
    Nov 13


    -

    -0.11 33232 57.28 271356 Call Put
    Apr'18 57.52 57.66 56.93 57.18 12:00
    Nov 13


    -

    -0.15 15154 57.33 138593 Call Put
    May'18 57.39 57.62 57.02 57.17 12:00
    Nov 13


    -

    -0.11 12711 57.28 86870 Call Put
    Jun'18 57.30 57.50 56.79 57.10 12:00
    Nov 13


    -

    -0.03 25717 57.13 227770 Call Put
    Jun'21

    -

    -

    -
    99.61 * 18:02
    Nov 10


    -


    -

    -
    51.42 701 Call Put

    So our 597,839 contact spread is down about $1Bn so far but we can roll to April $18s at $57.33 and pick up another $352,725,010, so that's nice.   As I said:

    …if oil goes higher, we can just roll our shorts forward to longer months, knowing that we have delivery covered at a much lower price in 4 years. 

    For the more conservative, short-term traders, hopefully we get a run to $57.50 into inventories and we can certainly short that into the rollover next week but then out with quick profits ahead of the holiday.  

    /RB, in fact, is a good long if they get back over $1.80 with tight stops below.

    Stanford/1020 – I heard that about them too but they do offer computer science and Jackie thinks, more so than just the college, she'd benefit from working with startups while she's in college and has time to take a chance with them by contributing time.  It's a pretty good plan and I can introduce her to some VC firms out there who can hook her up with good projects.  She's a programmer with a head for business – I think she'll do well!  

    In fact, just this weekend she asked me to explain the Panama Pump to her.  It was mentioned in the film "The Accountant" and she was fascinated with how you can run money through subsidiaries to cook the books like that (she does my bookkeeping now, so she's good with the cash flows).  I'm thinking of introducing her to Sam Antar but I'm concerned they might team up and destroy the World.


  28. M WTF? 

    TEVA, FTR, M, GE, GNC none of them seem to want to let the others win the POS FU stock of the year award.

    DANGIT!


  29. I guess I should be happy that I dumped that POS GNC a while ago ;-)


  30. This is probably the week we say goodbye to Jeff Sessions


  31. Sold 20 WIN May 2 puts for $.36


  32. What do you of this Phil? I had google translate it.

     

    https://www.globes.co.il/news/article.aspx?did=1001211584


  33. The bitcoin bubble








  34. A year without a president


  35. ROKU – Up another 30+%  ! ! !

    One of the biggest short squeezes in recent memory.





  36. Donald Trump’s “people will die” remark takes Trump-Russia scandal in a whole new direction


  37. Tencent Earnings: What to Watch



  38. I'm bullish on silver.

    Started a small short put position in HL.  Sold 20 Jan 2019 3 puts for $.31.






  39. Qualcomm rejects Broadcom’s $103-billion takeover bid




  40. Yes, I couldn't raise money for green coin.


  41. M/Jabob – 5% Rule on no news.  That's not good.  Just a strong retrace at the moment, rejected at $20 but kind of harsh.

    AGN/Jabob – That's very interesting.  I guess JPM does see some value in TEVA.  I wonder what game they are playing?

    ROKU/Albo – Crazy.  

    Silver/Albo – I'm up a quick $900 today on my one /SI long from Friday ($16.87).  Sadly, didn't have a chance to DD.

    Greencoin/BDC – I thought we were going to make a project of it.  Still doable or dead?


  42. GreenCoin is about will. The coin still exists of course, they never go away, that's how these things work.


  43. BDC/GreemCoin,

    Why do you have to raise money? To make more coins?

    regards


  44. the whole crypto thing is a stupid pyramid scheme that will probably go down in flames


  45. M – as a real estate play.  If brick and mortar retail is dead, how valuable is the real estate one Starbucks, Apple, and Amazon have all the floor space they need?


  46. Phil/SI – did you take it off the table?


  47. crypto – of cours may it isn't… and it might not ….  


  48. BDC/crypto

    sometimes you are very cryptic regarding crypto currency…:-) would really require advise from you and Phil for current investment in Greencoin (if that is what Phil is still promoting)

    appreciate your time. regards


  49. Phil/EWZ

    3-Nov-17 14:41 ET

    EWZ

    Brazil names seeing some strength in recent trade following report that Minister Bruno Cavalcanti de Araújo plans to resign  (38.98 +0.15)

    Related Stocks: EWZ, CIG, SID, VALE, GOL, GGB, BBD, BAK, ELP, PBR, BSBR, CBD, ERJ, ITUB, UGP, TSU

     

    25-Oct-17 16:58 ET

    EWZ

    Brazil central bank cuts rates 75 bps to 7.50%; The move was widely expected after the country saw inflation fall below its 4.5% target

     


  50. Phil/EWZ,

    Wonder about going back to the well on EWZ.  Maybe 2020 puts or buying shares and selling $37 puts and calls for March.  Over $37 gets you almost $6 and under $37 you average in at $35.  Plus it will pay a small div at end of Dec.


  51. jCrypto currency trading/ vehicles for investing

    I hope someone on thIs board knows enough and has the time to perhaps explain the basics of the concepts to us.

    I may not be the sharpest knife, I admit, but I don’t understand how a ‘currency’ can fluctuate so much day to day or even week to week.

    Just like the dollar being printed Willi nillie by our Fed, bitcoin is being mined and they are talking splitting shares?

    On top of that, there are these derivative plays people are investing in…like OSTK.

    Other people are developing payment systems based on crypto. I was invited to invest in a Canadian start up that is promoting crypto currency credit cards and debit cards, for instance.

    Fundamentally, however, the one thing I would want from a currency is stability. For example, if I have a million dollars, while it may be nice to have that worth $2M in a month, I would not like it if dropped in value to $100K over a few weeks.


  52. GE – i bought this a few months back and got out with a small gain and hoped to get back in…. but bed news just kept coming.  I'm not looking at this until / if it hits the 16 to 17 range.


  53. Been talking to BDC since my last comment, we will be working on revitalizing GreenCoin over the next two months and, hopefully, have it ready for promotion in 2018.

    Why/Pat – Money has to be raised to maintain a foundation that handles the carbon ledgers.  That's the downside of GreenCoin but also what I like about it – that we're using the coins to reward people who generate carbon credits under the amount that can be traded on major exchanges (home solar panels, electric cars, etc).  As it stands now, the GreenCoin foundation is a bit slipshod at to tracking and identifying the carbon credits but works fine in rewarding the carbon producers so there's two issues we need to address:  1) Perfect the transfer of carbon credits to the Foundation and 2) Get vendors to accept the GreenCoins to improve transaction volume so we can list on major exchanges.

    PSW will work to accept GreenCoins next year and it won't take many of us to create what is considered in the coin community, substantial volume.  Step 2 is to get vendors like TSLA, WFM/AMZN, SFM, to accept GreenCoins – most likely as coupon-like partial payments – something like WFM will accept up to 10% of your payment in GreenCoin and they will, in turn, get the carbon credits so, at the end of the year, they can advertise how they helped their customers clean up the planet (and then they can sell the credits to people who pollute the planet).  

    That's the general plan.

    Real Estate/Tangled – Location, location, location.  I'm sure you've heard that one.  If a JCP leaves a mall and has 100,000 ft, they probably were paying $7/ft for the space ($700,000) but the store can be cut up into 20 5,000 ft spaces that fetch $15/ft ($1,500,000) or rented out as something other than retail like apartments or a medical center.   It's just a question of the mall operators getting outside the box and constructing a viable community rather than just renting each space to the highest bidder.  

    /SI/Ravi – No, it's just the one contract and I'd be happy to buy more if it dips.  /YG is also good for a pop over $1,280 (now $1,278).  

    EWZ/Baron – We took longs on them quite a while ago.  While they have come down a bit, I think they'll still pull back with the rest of the markets into Jan so I'd rather wait but yes, selling puts is a good start.  

    Crypto/Maya – It's a fad, like Beanie Babies but, at the core, there's something different and exciting that may catch on and become a permanent part of our money system.  I treat it like a fad and I like GreenCoin because you can still buy 100,000 of them for $20 or so and that's as much as I'd want to invest in something like this (we have 150M that we bought for less than $5K 2 years ago, now $30K, down from $500K last week).  There won't be stability for years or decades so just treat them like penny stocks and hope they go up more often than they go down but it would be MADNESS to put any substantial amount into these things and I'd stay far away from any company promising to make your rich with coin-connected schemes because the Government (or hackers) could shut the whole thing down overnight. 

    GE/Batman – Might get there soon at this rate!  


  54. Title to the article here needs to be changed to Monday Market Melt Up.  LOL.

    STO GILD Jan 72.5 Ps for 3.05.  Coupled that with the Calls from last week.  


  55. Biotech Portfolio Update

    Date Ticker Shares/Options Cost Total
             
    16-Oct-2016 PETX 500 $7.81 $3,905
    11-Apr-2017 BLCM 200 $12.75 $2,550
    17-Jul-2017 SGYP      
      2018 Jan 5 P STO 5 $1.24 $620
    2-Oct-2017 PFE      
      2019 Jan 32 C BTO 2 $4.75 $950
      2019 Jan 40 C STO 2 $0.96 $192
    11-Oct-2017 CRMD 2000 $0.72 $1,447
    9-Nov-2017 GILD      
      2018 Jan 75 C BTO 3 $2.25 $675
      2018 Jan 72.5 P STO 5 $3.05 $1,525
     

  56. Pharm – I saw the SGYP offering and new low in the stock.  Time to add ?


  57. Greencoin/Phil

    So where does buy it?

    And how and to whom will I be able to sell if I want to liquidate, worth of greencoins?

    Am I given a ‘bank account’? Virtual account? Where will my $1000 go when I take delivery of the currency?

    Just trying to understand the logistics and of course, I want to support this site


  58. SGYP/Pharm

    So far, it doesn’t look like they have made significant inroads into amitiza or

    Risky to invest in at this juncture, no? Do they have other promising drugs in the pipeline? 

    They also don’t seem to have that much cash…of course, I don’t know anything about their ability to raise equity.


  59. Pharm

    Amitiza, or Linzess is what I meant…I have not changed my prescribing habits yet as nothing has compelled me much to do so. (So far)


  60. SGYP…I am just rolling along in the hopes of moving on at this point.  Not adding, not subtracting.  It is risky, but they need to get sales to pick up. There is another competitor behind them, but it is not approved.  For now, let's work on getting out even.  There are other things out there to watch.


  61. Pharm/Biotech Portfolio

    Where is the link to the portfolio or is it under a tab on this website?

    regards


  62. I need to get it hooked into the Biotech part of the site.  Working on it.


  63. Teva Pharmaceuticals Is Maintained at Neutral by Citigroup


  64. BGC/Phil – any thoughts on General Cable? 3.5% dividend here at ~20…


  65. Melt-up/Pharm – Yep, no matter what's going on, they find a way to get green.

    I agree on SGYP, unless they do well in further studies, nothing worth putting more money into but also not worth getting rid of.  

    GeenCoin/Maya – Well first you have to buy Bitcoins and then go to an exchange that trades those for GreenCoins and no, you can't liquidate it, it's just fun money on the scale of a lottery ticket.  You need to get a "wallet" and keep your "coin" there – all very strange and virtual but a good learning process.  

    TEVA/Jabob – Neutral is a huge win these days!  

    BGC/Scott – Same problem as all the telcos/cable with cord-cutting means less demand for their services.  $1Bn at $20 with drastically declining earnings and losing over $100M/yr – I'm not seeing the attraction.  Shouldn't be paying $36M in dividends – that's for sure.  


  66. Passing Time With Greencoin…

    PatSwap 10:51 -  "Can Greg help us with GreenCoin purchase? Where are they listed now?"

     

    Japar 11:22 – "I too am interested in knowing how to purchase green coin."

     

    BDC 11:27 -  "people, please buy OTHER COINS, Why fixate on one coin? I don't get it."

     

    Patswap 11:51 -  "It is because Phil is thinking of promoting this and we believe in him."

     

    Phil 12:05 – "GreenCoin/BDC – What are you saying, are you off GreenCoin now?"

     

    BDC 1:33  – "Yes, I couldn't raise money for green coin."

     

    Phil 1:41 – "Greencoin/BDC – I thought we were going to make a project of it.  Still doable or dead?"

     

    BDC 1:44 -  "GreenCoin is about will. The coin still exists of course, they never go away, that's how these things work."

     

    Patswap 1:51 – "Why do you have to raise money? To make more coins?"

     

    BDC 1:55 – "the whole crypto thing is a stupid pyramid scheme that will probably go down in flames"

     

    BDC 2:57 – "crypto – of cours may it isn't… and it might not …. "

     

    Patswap 2:59 - "sometimes you are very cryptic regarding crypto currency…:-) would really require advise from you and Phil for current investment in Greencoin (if that is what Phil is still promoting)"

     

    Maya 3:09 – "I may not be the sharpest knife, I admit, but I don’t understand how a ‘currency’ can fluctuate so much day to day or even week to week."

     

    Look at the early history of gold, just as much volatility.

     

    BDC -  Jun 06, 2014 "For me, I'll have about 4.5M coins or so that I paid $10k to develop, or 0.0022 per coin, which is 22X your 0.0001 coin offer"  

     

    BDC - Apr 18, 2017 "I cannot officially recommend my project, GreenCoin, but if you want that one then coinexchange.io (greencoin's symbol is "GREV2")"

     

    BDC - Sep 27, 2017  "the greencoin foundation ran out of funding. the asset remains of course."

     

    Phil – 3:23 - "Been talking to BDC since my last comment, we will be working on revitalizing GreenCoin over the next two months and, hopefully, have it ready for promotion in 2018."

     

    Buy June 23, 2014 at .00013600 and sell Nov 07,2017 at .00764700 = 56X

    Buy June 23, 2014 at .00013600 and hold .00030900 = 2.25X

    Buy mid Jan 2017 at .00000800 and hold .00030900 = 39X

     

    Buy mid Jan 2017 at .00000800 and sell Nov 07,2017 at .00764700 = 956X

     

    Nowhere near  0.0022 per coin. But never the less, the latter is better than nailing Tyra Banks in her prime.

     

    Aside from reading ancient scripts, after reading your 10/17/17 primer, which was full of actionable information, into which I am ready to dump a hot load, and noting the above price action, why don't we all revitalize Greencoin?  Hedge fund? Call it our Lazarus project?  Just sayin.


  67. Phil/BDC/BTC

    I just bought bitcoin worth $1000 in my coinbase account and it said purchase was successful and bitcoin will be deposited in my account on 11/21 !!!!

    I guess after I get those then I will use them to buy GRE. hopefully it stays hot till then.

    regards


  68. Phil/BDC/BTC

    ..And there is no Send/Request in my coinbase account. Will it get enabled once the bitcoin get deposited in my account?

    thanks and regards


  69. Lazuarus/Naybob – That's my attitude.  I told Greg to buy $5,000 worth 2 years ago and figured we could always work on getting transaction volume higher.  Now that the coin has "matured" a bit, we're ready to do something interesting.  If you think 956x was good, you missed the spike last week when we were all GreenCoin millionaires (though not liquid, of course):

    I caused the crash (along with BitCoin selling off) by saying:

     

    Congrats to GreenCoin players, by the way.  2,000% gains since our last discussion.  Remember though, this whole thing could go back to 0 in a heartbeat so take the original bet off the table in the very least.  Doesn't take much in the game to make money if they go up another 20x (and get more liquid, which they are not at all now).

    November 10th, 2017 at 3:00 pm | (Unlocked) | Permalink

    GreenCoin/Jet – I have no idea, Greg does it.  We have 150M of them in PSW Investments that we bought for only about $3,500 so, at 1 penny – we'll be at $1.5M after just over a year, so not too bad if we get there.  As I've mentioned, my plan is to promote them with BDC to vendors and such and also to create more volume by accepting them as payment at PSW (which also helps us accumulate more of them).  At the moment, a $500 Membership is 147,058 GreenCoins but, if we can get a few more vendors on board and get it down to 50,000, we'll hit our $1.5M gain and we'll sell 1/3 and then begin accumulating more until $15M (still only 0.10) and then sell another 1/3 for $5M and see if we can get it up to $1 (still 1/7,000th of a Bitcoin).

    Keep in mind though, the thing can drop 90% next week and that's hardly abnormal in the crypto space – look what happened after the late Sept spike.  My goal is to get some of our business partners to accept them and then hopefully some solar companies or maybe someone like WFM.  Even if they simply allow up to a $10 credit per order, people with solar homes can exchange their carbon credits for GreenCoins and then get $10 at WFM and they can brag about how great that is for the environment, etc.  

    So, for the people accumulating, today's 0.0002 is where we like to buy GRE and last week's 0.004 is where we like to sell it.  So that's a 20x spread to play with but, realistically, the daily volume is down around $1,000 so you can't buy $10,000 and expect to make money but you can buy $50 worth at 0.0002 (250,000) and sell 25,000 at .002 ($50) and then you have 200,000 free coins.  OR, you might totally lose your $50 but now you've learned how crypto-currencies work!  

    Historical data for Greencoin

    Currency in USD
      Oct 14, 2017 – Nov 13, 2017 

    Date Open High Low Close Volume Market Cap
    Nov 12, 2017 0.000190 0.000719 0.000144 0.000177 2,046 668,435
    Nov 11, 2017 0.002564 0.002656 0.000107 0.000190 521 9,028,560
    Nov 10, 2017 0.004206 0.004327 0.002516 0.002573 195 14,797,300
    Nov 09, 2017 0.004182 0.004925 0.001607 0.004194 429 14,699,800
    Nov 08, 2017 0.004768 0.004967 0.002915 0.004186 664 16,746,300
    Nov 07, 2017 0.003458 0.007647 0.001430 0.004783 2,444 12,134,500
    Nov 06, 2017 0.001338 0.003959 0.001012 0.003463 1,419 4,691,480
    Nov 05, 2017 0.000356 0.001431 0.000352 0.001335 293 1,245,610
    Nov 04, 2017 0.000869 0.000869 0.000180 0.000356 130 3,041,690
    Nov 03, 2017 0.000468 0.002854 0.000398 0.000871 1,790 1,636,230
    Nov 02, 2017 0.000067 0.000471 0.000067 0.000468 30 235,183
    Nov 01, 2017 0.000241 0.000342 0.000065 0.000067 13,611 842,996
    Oct 31, 2017 0.000178 0.000300 0.000174 0.000242 206 622,512
    Oct 30, 2017 0.000519 0.001406 0.000177 0.000179 255 1,808,750
    Oct 29, 2017 0.000115 0.000523 0.000063 0.000522 38 399,097
    Oct 28, 2017 0.000218 0.000328 0.000057 0.000115 631 760,306
    Oct 27, 2017 0.000120 0.000332 0.000058 0.000218 138 417,280
    Oct 26, 2017 0.000057 0.000122 0.000057 0.000120 341 199,283
    Oct 25, 2017 0.000500 0.000501 0.000056 0.000057 343 1,736,860

    I'm just thrilled to see the potential to get to $20M as we (PSW Investments) own about 5% of the outstanding base because the potential was $20,000 a couple of years ago and if the potential is $200M in a year or two – I'll be very happy indeed.  

    BitCoin/Pat – Don't ask me, I never learned.  Greg does all the purchasing – I just strategize. 


  70. BWLD gets offer to go private at +30%.  Those guys (Roark Capital) are nuts!  

    That's like $2.5Bn and these guys don't even drop $100M to the bottom.  Very strange move – even if you could buy it on credit for 3%, the interest alone is $75M and for cash it's a 4% return and people can't be that hard-up for gains…


  71. Tesla Semi Truck unveil to be webcast live on Thursday at 8pm! This will blow your mind clear out of your skull and into an alternate dimension. Just need to find my portal gun …

    If I could do it all over again, I wouldn't.

    The world’s biggest video game skins site raised $41 million with crypto tokens

    And now this:

    Though Trump Jr. mostly ignored the frequent messages from Wikileaks, he at times appears to have acted on its requests. When Wikileaks first reached out to Trump Jr. about putintrump.org, for instance, Trump Jr. followed up on his promise to “ask around.” According to a source familiar with the congressional investigations into Russian interference with the 2016 campaign, who requested anonymity because the investigation is ongoing, on the same day that Trump Jr. received the first message from Wikileaks, he emailed other senior officials with the Trump campaign, including Steve Bannon, Kellyanne Conway, Brad Parscale, and Trump son-in-law Jared Kushner, telling them Wikileaks had made contact. Kushner then forwarded the email to campaign communications staffer Hope Hicks. At no point during the 10-month correspondence does Trump, Jr. rebuff Wikileaks, which had published stolen documents and was already observed to be releasing information that benefited Russian interests.

    (At a rally on October 10, Donald Trump had proclaimed, “I love Wikileaks!”)

    “Strongly suggest your dad tweets this link if he mentions us,” Wikileaks went on, pointing Trump Jr. to the link wlsearch.tk, which it said would help Trump’s followers dig through the trove of stolen documents and find stories. “There’s many great stories the press are missing and we’re sure some of your follows [sic] will find it,” Wikileaks went on. “Btw we just released Podesta Emails Part 4.”

    Trump Jr. did not respond to this message, but two days later, on October 14, 2016, he tweeted out the link Wikileaks had provided him. “For those who have the time to read about all the corruption and hypocrisy all the @wikileaks emails are right here: http://wlsearch.tk/,” he wrote.

    John Oliver's last show of the year was kick-ass!  


  72. Phil – Greencoin – In this case Greg can respond and share some of his crypto wisdom.

    Greg the floor is yours :)


  73. Pat_swap – Phil and I talked and a path we thought was best was to get green coin onto a more primetime exchange than it is listed on now. So the recommendation here is to wait until this occurs before proceeding. 

    Coinbase – I believe the full functionality becomes available after the coins arrive.

    For all — follow Brian Armstrong on twitter (coinable CEO). You can also follow your favorite exchanges directly (like coinexcahge.io and bitter) and I recommend coindesk and look for some other coin new wire handles.


  74. nattering – vis-a-vis BSG rally cry; what do you have in mind?


  75. GOP megadonor Adelson publicly breaks with Bannon




  76. Senate to explore president’s unchecked nuclear authority




  77. President Trump’s Thing for Thugs



  78. US budget deficit up sharply to $63.2 billion in October



  79. Trump barges into tax debate, seeks deeper cut for wealthy











  80. China’s Indicators Point to Slowing Economy




  81. Good morning!  

    Nothing very exciting happening.  Asia was down a bit, Europe is down a bit and we're down a bit.

    Oil and gas down a bit too as IEA says shale is booming but demand is not (and see above news as well).

    IEA Sees U.S. Shale Surge as Biggest Oil and Gas Boom in HistoryThe supply surge from U.S. shale oil and gas will beat the biggest gains seen in the history of the industry, the International Energy Agency predicted. By 2025, the growth in American oil production will equal that achieved by Saudi Arabia at the height of its expansion, and increases in natural gas will surpass those of the former Soviet Union, the agency said in its annual World Energy Outlook. The boom will turn the U.S., still among the biggest oil importers, into a net exporter of fossil fuels.

    This is very investable opportunity:

    Nearly Half of U.S. Adults Have High Blood Pressure Under New GuidelinesHypertension will now be defined as a reading of 130/80 and above, a threshold that will include 103.3 million people.

    Good for NVS, who make Diovan