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  1. phil

    Good morning!  

    I'll be in NYC tomorrow to do the Nasdaq TV spot in the morning. 

    This is a very good article on Market Psychology and Bitcoin – also an interesting newsletter in general:

    Bitcoin, Cryptocurrency, and the Greatest Bubble in History

    PSW Investments has 2 Bitcoins left from 4 we bought 2 years ago at $2,400 TOTAL.  Our stop is $10,000 each now.  We used the other 2 to buy 150,000,000 GreenCoins, which are currently worth $49,350 at 0.000329, so we've done more than twice as well with the GreenCoins – though they are less liquid at the moment.  

    Our goal is to foster more interest in GreenCoin and we're beginning that by accepting them for 2018  Annual Memberships during the month of December.  The idea is to encourage people to go through the process of getting GreenCoins (a bit of a pain) and then transferring them from your wallet to ours.

    As an incentive, we are GUARANTEEING a conversion rate of 0.00044, which is still 33% higher than the current buy and more than twice as much as the week's lows so a 33-50% discount off the regular Annual Membership prices for people who are willing to learn how to work with cyrptocurrencies – which is a good thing to know how to do these days.

    At $329 per 1M GreenCoins – they also can make nice, environmentally-friendly Christmas gifts.

    For those of you who are interested, the official ROUNDED COST (which we will accept), in GreenCoins, of each Membership Level is:

    • PSW Report @ $995/year = 2,260,000 GreenCoins 
    • Top Trade Alerts @ $1,495/year = 3,400,000 GreenCoins 
    • Trend Watcher Membership @ $2,499/year = 5,680,000 GreenCoins 
    • Basic Live Chat Membership @ $4,995/year = 11,350,000 GreenCoins 
    • Premium Membership @ $9,995/year =  22,700,000 GreenCoins 

    To pay, you can simply send an EMail to Greg (admin@) and set up the payment in GreenCoins via wallet transfer (see how cool it will be when you can tell people you know how to do that!).

    Keep in mind, it does not make sense to pay more than 0.0004 (not even 0.00044) for the GreenCoins because, by the time you transfer them and such, there will be no profit.  At the time we first discussed this last week (in our Live Chat Room), the coins were 0.00022 and the low of the week since then was 0.00018 but, for the MONTH, the high was over 0.0045 – 10 times more than we are accepting them for.

    That's our motivation – it's no secret.  We are saving Greg the trouble of tediously bidding on GreenCoins we're looking to accumulate at the lows (it took us months to get to 150M at the time) and helping you learn this valuable skill but, behind it all is the possibility that we can make 10x or more on the money down the road.  

    There are layers and layers to this project as it is our intention, in 2018, to see if we can generate wider interest for GreenCoins and, hopefully, push them up to as much as a penny over time – where we will certainly sell at least 1/3 of our holding for what should be $1M by then.  

    It's very, Very, VERY possible this will fail and we'll be lucky just to recover our investment – but it's not a huge gamble with a very huge potential pay-off.  

    Step one is accepting the GreenCoins and generating some volume on the exchanges (GreenCoin is currently barely in the Top 100 at 95 but was near the bottom when we began buying them 2 years ago) and step two will be discussing our project and step 3 will be to wrangle other vendors into accepting GreenCoins and the reason I like GreenCoins in the first place is that, for each GreenCoin mined, one GreenCoin is also created and used to reward people who generate carbon credits.  

    Over time, we hope to put a bit of effort into creating a solid, verifiable chain that directly ties the credits to the coins, which will then make it very marketable to companies who want to do a bit to help the environment.  

    Keep in mind this is all an experiment and it's possible, down the road, that we may take our GreenCoin lessons and start a new currency with tighter controls (what they call an ICO) but, for now, we'll see if the whole CryptoCurrency fad lasts another year while we gain experience with one that's already gone through all the struggles of creation for us.

    The dream is, of course, we get someone like WFM, SFM, TSLA or SCTY to buy into our concept and accept GreenCoins as a sort of coupon deal (maybe let you buy coupons with your GreenCoins, much like we're doing with the Memberships).  That would send volume through the roof and really move to legitimize the currency.

    Currently, the best place to trade GreenCoin is www.CoinExchange.io (another project is getting it traded on Bittrex, the top coin site) and the link for GRE is https://www.coinexchange.io/market/GRE/BTC – it's a bit confusing because everything is priced in BitCoins but generally they are trading at 0.00000002 BitCoins and, if a BitCoin is $10,500, that's 0.00021, which is half of what we're willing to exchange them for as Annual Membership Payments (no other discounts apply, of course). 

    Also, and this is above my level of coin knowledge, it is possible to MINE GreenCoins and then it's even cheaper (in theory), but don't even ask me how that works. 

    Here's a nice video explaining GreenCoin by a fan (take predictions with a grain of salt!):

    They are currently rebuilding the GreenCoin site to make it user-freindly.  2018 is going to be interesting!  





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ValueWalk

David Einhorn | Full Q&A @Oxford Union

By VW Staff. Originally published at ValueWalk.

Published on December 15 2018

David Einhorn is an American investor, hedge fund manager, and philanthropist. He is the founder and president of Greenlight Capital, a “long-short value-oriented hedge fund.” Born in New Jersey, Einhorn graduated from Cornell University in 1991 and moved to Westchester, New York to start his fund. He started his fund in 1996 with $900,000 and has generated 16.5% annualized return for investors from 1996 to 2016. As of 2017, Greenlight Capital has US$9.27 billion in assets under management.

]]> Get The Timeless Reading eBook in PDF

Get the entire 10-part series on Timeless Reading in PDF. Save it to your desktop, read it on your tablet, o...



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Zero Hedge

Japan's Exports Boom But Inflation Refuses To Follow The Script

Courtesy of ZeroHedge. View original post here.

Japanese exports boomed in November 2017, rising +16.2% versus a year earlier and beating consensus expectations of +14.7%. It was the fifth straight month of double-digit growth and the strongest since August. Last month, growth of +14.0% had undershot expectations of +15.7%. Imports in November grew slightly less than expected at +17.2% versus the consensus of +18.0%.

The trade surplus of 113.4 billion yen ($1 billion) contrasted with expectation of a 40 billion yen ($0.4 billion) deficit. According to ...



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Phil's Favorites

Why the Republican tax plan can help put American youth back to work

 

Why the Republican tax plan can help put American youth back to work

Courtesy of Randall OlsenThe Ohio State University

House Speaker Paul Ryan talks about the GOP tax plan. AP Photo/Jacquelyn Martin

Republican lawmakers are set to vote this week on their tax plan after reconciling differences between the Senate and House versions and appear likely to meet their Christmas deadline of turning it into law.

During the ongoing debate over its merits, many have focused...



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Digital Currencies

A Twist

 

A Twist 

Courtesy of Joshua Brown

?There’s been a twist in my thinking on crypto-currencies. I’m going to flesh this out shortly with a more comprehensive post but for now, I just want to mention the fact that I am no longer buying the prima facie scarcity argument for Bitcoin’s rise.

Last night I attended a very interesting crypto dinner with 20 or so of the most important software people on Wall Street, from big banks to giant hedge funds. It was super-informative and everybody got a chance to ask a lot of tough questions of the experts in attendance.

My friend Brian Kelly, who is as knowledgeable as anyone on this topic, helped confirm my thinking about the beta trade in coins / tokens. He’s killed it all year with...



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Chart School

Tape Reading - Dow Jones Price Waves

Courtesy of Read the Ticker.

This is a continuation of price wave analysis.

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RTT Volume wave analysis like this helps the retail investor find price action that is true. The reference to 'tape reading' is by the definition of Richard Wyckoff (section 5M of the Wyckoff Course), you can learn more about RTT Volume Wave here.





NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net ...

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Insider Scoop

Attention Contrarians: This Analyst Says JD.com Set Up Could Be In Your Favor

Courtesy of Benzinga.

Related JD Want Some Exposure To China's Growth? Stifel Says Buy JD Or Alibaba Q3 13F Roundup: How Buffett...

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Biotech

Designer proteins that package genetic material could help deliver gene therapy

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

 

Designer proteins that package genetic material could help deliver gene therapy

Courtesy of Ian HaydonUniversity of Washington

Delivering genetic material is a key challenge in gene therapy. Invitation image created by Kstudio, CC BY

If you’ve ever bought a new iPhone, you’ve experienced good packaging.

The way the lid slowly separates from the box. The pull...



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Members' Corner

An Interview with David Brin

Our guest David Brin is an astrophysicist, technology consultant, and best-selling author who speaks, writes, and advises on a range of topics including national defense, creativity, and space exploration. He is also a well-known and influential futurist (one of four “World's Best Futurists,” according to The Urban Developer), and it is his ideas on the future, specifically the future of civilization, that I hope to learn about here.   

Ilene: David, you base many of your predictions of the future on a theory of historica...



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Mapping The Market

Puts things in perspective

Courtesy of Jean-Luc

Puts things in perspective:

The circles don't look to be to scale much!

...

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OpTrader

Swing trading portfolio - week of September 11th, 2017

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 ...



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Promotions

NewsWare: Watch Today's Webinar!

 

We have a great guest at today's webinar!

Bill Olsen from NewsWare will be giving us a fun and lively demonstration of the advantages that real-time news provides. NewsWare is a market intelligence tool for news. In today's data driven markets, it is truly beneficial to have a tool that delivers access to the professional sources where you can obtain the facts in real time.

Join our webinar, free, it's open to all. 

Just click here at 1 pm est and join in!

[For more information on NewsWare, click here. For a list of prices: NewsWar...



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Kimble Charting Solutions

Brazil; Waterfall in prices starting? Impact U.S.?

Courtesy of Chris Kimble.

Below looks at the Brazil ETF (EWZ) over the last decade. The rally over the past year has it facing a critical level, from a Power of the Pattern perspective.

CLICK ON CHART TO ENLARGE

EWZ is facing dual resistance at (1), while in a 9-year down trend of lower highs and lower lows. The counter trend rally over the past 17-months has it testing key falling resistance. Did the counter trend reflation rally just end at dual resistance???

If EWZ b...



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All About Trends

Mid-Day Update

Reminder: Harlan 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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FeedTheBull - Top Stock market and Finance Sites



About Phil:

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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About Ilene:

Ilene is editor and affiliate program coordinator for PSW. She manages the site market shadows, archives, more. Contact Ilene to learn about our affiliate and content sharing programs.

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