Author Archive for Insider Scoop

Dorsey Is Just The Beginning For Twitter's Upside: Bob Peck

Courtesy of Benzinga.

Dorsey Is Just The Beginning For Twitter's Upside: Bob Peck

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  • Twitter, Inc. (NYSE: TWTR) have declined 46.83 percent over the past six months, from a high of $52.87, reached on April 7.
  • Robert S. Peck of SunTrust Robinson Humphrey has maintained a Buy rating and price target of $38 on the company.
  • Peck believes that naming Jack Dorsey at the permanent CEO, apart from confirming the rest of the leadership team, was the right move by the board and that the management is likely to stabilize going forward.

Analyst Robert Peck believes that most investors had expected Mr. Dorsey to be names as the permanent CEO. Twitter’s promotion of Adam Bain to COO was also largely anticipated. Although the company did not mention anything about Evan Williams, Anthony Noto is to continue as the CFO.

“We think the announcements today were the right move by the board and look for the stabilizing of management to be the basis of tangible positive change for the company going forward,” Peck stated.

Peck expects more changes to take place on the board going forward, as Twitter “looks to supplement skill sets.”

Although the company did not provide any quarterly update, Mr. Dorsey did mention new product launches that are expected to engage a wider mass audience, while also serving “more deeply engaged users.”

“We have noticed an increased product launch cadence under Mr. Dorsey in his interim CEO role and would look for this to continue. Importantly, we think this applies to advertising products as well, that can hopefully increase ROIs and ad spending,” Peck added.

Latest Ratings for TWTR

Date Firm Action From To
Oct 2015 Axiom Upgrades Hold Buy
Oct 2015 Topeka Capital Upgrades Hold Buy
Oct 2015 Wedbush Assumes Neutral

View More Analyst Ratings for TWTR
View the Latest Analyst Ratings

Posted-In: Analyst Color Long Ideas News Reiteration Management Top Stories Analyst Ratings Movers Best of Benzinga

Benzinga's Volume Movers

Courtesy of Benzinga.

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Spark Therapeutics Inc (NASDAQ: ONCE) shares climbed 30.70 percent to $57.42. The volume of Spark Therapeutics shares traded was 2008 percent higher than normal. Spark Therapeutics reported positive top-line results from the pivotal Phase 3 trial of SPK-RPE65 for genetic blinding conditions.

Dow Chemical Co (NYSE: DOW) surged 2.34 percent to $45.52. The volume of Dow Chemical shares traded was 1221 percent higher than normal. Dow reported preliminary results of its exchange offer for chlorine value chain business.

MakeMyTrip Limited (NASDAQ: MMYT) shares moved up 7.04 percent to $15.50. The volume of MakeMyTrip traded was 292 percent higher than normal. MakeMyTrip shares have dipped 45.93 percent over the past 52 weeks, while the S&P 500 index has declined 0.84 percent in the same period.

Acorda Therapeutics Inc (NASDAQ: ACOR) shares rose 13.65 percent to $31.88. The volume of Acorda Therapeutics shares traded was 271 percent higher than normal. Acorda Therapeutics agreed with Actavis to resolve pending patent litigation brought by Acorda against Actavis involving Ampyra Extended-Release Tablets.

Posted-In: volume moversNews Intraday Update Markets Movers

UPDATE: Global Jet Capital To Acquire Corporate Aircraft Portfolio From GE Capital

Courtesy of Benzinga.

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Global Jet Capital, a provider of financing solutions for large-cabin, long-range private jets, has agreed to purchase the aircraft lease and loan portfolio of GE Capital Corporate Aircraft in the Americas representing approximately $2.5 billion of net assets.

Shawn Vick, Executive Director of Global Jet Capital said, “We are investing heavily in growing the business both organically and through strategic acquisitions such as this one with GE. This is a prime example of our industry expertise and investment capital coming together to evaluate and identify an opportunity to expand the business in a disciplined, carefully measured way.”

He added, “This is a remarkable portfolio of corporate aviation assets, and this investment underlines our confidence in the long-term growth prospects of the large cabin, long range private jet market. The price point of these aircraft range between $25 and $75 million on average, and corporate users and high net worth individuals will seek competitive financing solutions rather than allocate their own cash resources which are better invested in their own businesses.”

In building the Corporate Aircraft portfolio, GE Capital has adhered to the most comprehensive underwriting and asset evaluation practices as well as industry-leading documentation and collateral securing processes.

“We are pleased to sell our Corporate Aircraft financing portfolio to Global Jet Capital, a buyer that is fully committed to investing and growing the business,” said Keith Sherin, GE Capital Chairman and CEO. “We know our customers will benefit from the combined strength and expertise of the Global Jet Capital team and will continue to receive the high level of service they have come to expect from us,” he added.

Global Jet Capital, which was launched last year, is capitalized by three global investment…
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Cleveland Research Downgrades Macy's Amid 'Challenging QTD Performance'

Courtesy of Benzinga.

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  • Shares of Macy's, Inc. (NYSE: M) have declined 24.36 percent over the past six months, while rising more than 2 percent in the last five trading days.
  • Matthew Delly of Cleveland Research Company has downgraded the rating on the company to Neutral.
  • The downgrade is based on the company’s quarter-to-date performance, which Delly sees as “challenging.”

According to the Cleveland Research report, “Underlying sales trends look difficult for M through mid-quarter, with continued headwinds from lower traffic/tourism traffic rates and decelerating performance in key merchandising segments.”

Analyst Matthew Delly believes that Macy’s could be “tapping the breaks” on its forward inventory, while preferring to remain cautious regarding the management of its fall receipts.

Delly also mentioned that there have been channel concerns regarding the outlook for the company over the next 12-18 months, given the growing issues with its merchandise mix.

Macy’s has not provided EPS guidance for 3Q15. Delly expects comps to decline by about 1 percent during the quarter, which is higher than the consensus forecast. Gross margin is also expected to decline by about 10-20 bps, although SG&A is likely to rise in Q3.

Delly believes that Macy’s business is likely to have been the “most challenging in the channel,” quarter-to-date.

The reasons for this include “1) Weak customer traffic levels during both back-to-school and September, 2) On-going headwinds from lower tourism levels and 3) Stagnation to moderating performance in key national brands and core traffic driving categories,” the report explained.

The headwinds facing the company are expected to continue into fiscal 2017.

Latest Ratings for M

Date Firm Action From To
Sep 2015 Gilford Securities Downgrades Neutral Sell
Aug 2015 Deutsche Bank Upgrades Sell Hold
Aug 2015 Standpoint Research Initiates Coverage on Buy

View More Analyst Ratings for M
View the Latest Analyst Ratings

Posted-In: Cleveland Research Company Matthew DellyAnalyst Color Downgrades Analyst Ratings

Which Restaurants Investors Should Watch During Earnings Season

Courtesy of Benzinga.

Which Restaurants Investors Should Watch During Earnings Season

  • In a report issued Monday, Jefferies analysts shared a preview of the third quarter for the restaurant industry.
  • They assured that the correction the market recently experienced took a toll on most restaurant stocks, as sentiment moved from a “glass half full” view to a “glass half empty” perspective.
  • After five years of considerable “post-recession outperformance for restaurant stocks, the recent pull-back shouldn’t be a surprise,” the report added. Thus, the firm remains selective on the industry, and assured its analysts will focus on wage inflation commentary in the third-quarter earnings calls.
  • Jefferies analysts led by Andy Barish and Alexander Slagle believe third-quarter restaurant results to be mixed, with some results slightly below the Street’s consensus expectations. Most of their conservatism derives from their expectations for same-store sales and restaurant-level margins.

    What Jefferies Noted

    While same-store sales figures remained mostly positive over the quarter, traffic continues to be negative. In fact, the experts believe “many have been left wondering what happened to the broad pick-up that really never took place.”

    Related Link: Nomura Highlights Mixed Comp Trends In U.S. Restaurant Group

    In addition, many of the quick service restaurant companies, which may have benefited from the additional consumer spending seen in the second half of 2014 (mostly related to the drop in gas prices) “are now rolling over more difficult SSS,” the note explained.

    The focus this quarter will most likely be put on labor costs, as minimum wage increases at state and local levels, coupled with increasing growth in employment and increased competition “has led to wage inflation that is pushing north of 3 percent, not to mention the higher costs of recruiting, turnover and training that may be with the industry for some time to come.”

    On top of these labor pressures, Jefferies sees a few commodity tailwinds starting to fade heading into the third quarter. This should also impact margins.

    The Word Out There

    According to the report, a few themes developing over the quarter include:

  • 1. The McDonald's Corporation (NYSE: MCD)’s “hope trade, with potential to start seeing a US SSS turnaround at MCD, which we are not expecting, but could have

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    Sponsorhub's Acquisition By Rentrak Corporation Creates Synergy, Says CEO

    Courtesy of Benzinga.

    Sponsorhub's Acquisition By Rentrak Corporation Creates Synergy, Says CEO
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  • The acquisition of Sponsorhub by Rentrak Corporation (NASDAQ: RENT) creates synergy between the two companies.
  • Sponsorhub provides advertisers and sponsors with unique insight into sports and entertainment related chatter on social media.
  • One of Sponsorhub’s specialties is tracking fan emotion during sporting and other events.
  • The recently announced acquisition of sports and entertainment industry big data platform Sponsorhub by Rentrak Corporation creates a synergy between the two companies, according to Sponsorhub founder and CEO Bob Johnston.

    Benzinga spoke with Johnston about what this merger means moving forward.

    Related Link: Bob Peck: comScore-Rentrak Merger Has 'Strategic Merit,' Notes Combined Company 'Creates Stronger Competitor'

    Benzinga: Could you start by explaining what Sponsorhub is and what it does?

    Bob Johnston: Sponsorhub is an analytics platform for the enterprise space. We work with advertisers to measure their largest engagements around sports entertainment.

    Within sports, we help large advertisers track and measure endorsements of athletes, sponsorships of leagues, teams – and on the entertainment side, product placements within TV and film.

    Therein lies the synergy with Rentrak since it is the pre-eminent measurement platform for the film industry. However, it doesn’t have an automated social media measurement platform. Rentrak brought us in to be its social listening layer across all the other measurements it is already doing.

    BZ: What sorts of events and entities does Sponsorhub track on behalf of advertisers?

    BJ: I can give you a couple of examples. We've checked over the years things like the World Cup, the Olympics, as you know, the U.S. Open. We've tracked the Americas Cup. We did a special project over there for those guys.

    We have a number of advertisers that are sponsors of the NFL, for example. They spend millions of dollars on different teams in specific markets and they want to make sure they're getting the right pay back…
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    Buy Sirius Through Liberty Media, Says Buckingham

    Courtesy of Benzinga.

    Buy Sirius Through Liberty Media, Says Buckingham
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  • In a report issued Friday, Buckingham Research analyst James Ratcliffe reiterated a Buy rating on Liberty Media Corp (NASDAQ: LMCA), setting a $48 price target based on a NAV valuation.
  • The expert assured that investing in Liberty Media is the best way to get exposure to Sirius XM Holdings Inc. (NASDAQ: SIRI), which the firm also rates a Buy – with a price target of $4.50.
  • Shares of Sirius were slightly up on Friday trading, while shares of Liberty Media were marginally down.
  • Buckingham Research recommended Liberty Media to gain exposure to Buy-rated Sirius XM due to its 17 percent discount to NAV (compared to Sirius, which trades at market price). It should be noted that the company’s stake in Sirius represents 81 percent of its NAV.

    What’s New

    September auto sales data show a consistently solid new car funnel at Sirius. This supports Buckingham’s expectation of 1.95 million subscriber net adds for 2015, above guidance, which calls for 1.8 million net adds.

    Related Link: Toyota Selects Sirius XM Connected Vehicle Services To Provide Next Generation

    Another key point in the firm’s thesis is Liberty Media’s market price, which implies negative value for the company’s stake in Braves and its legal battle against Vivendi.

    The Thesis

    Ratcliffe believes Liberty Media’s stock is attractive due to the potential upside that the underlying Sirius shares provide. Another source for upside comes from the “potential compression in the discount to NAV,” which currently stands at 17 percent, versus the firm’s target of 5 percent.

    The experts think both companies will eventually be combined into a single entity. However, this is…
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    Benzinga's Top #PreMarket Gainers

    Courtesy of Benzinga.

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    XenoPort, Inc. (NASDAQ: XNPT) shares rose 7.76 percent to $3.75 in pre-market trading after the company announced plans to focus on HORIZANT business and named Vincent Angotti as CEO. XenoPort will discontinue the development of XP23829 and seek to partner this and other high potential development stage assets.

    Wynn Resorts, Limited (NASDAQ: WYNN) shares rose 7.83 percent to $55.76 in pre-market trading following a Bloomberg report that ‘China may give economic support’. In September, gambling revenue in Macau dropped 33 percent year-over-year.

    Micron Technology, Inc. (NASDAQ: MU) gained 4.81 percent to $15.48 in pre-market trading after the company reported better-than-expected earnings for its fiscal fourth quarter.

    ASML Holding NV (ADR) (NASDAQ: ASML) shares climbed 1.62 percent to $87.36 in pre-market trading after falling 2.28 percent on Thusday.

    Google Inc (NASDAQ: GOOG) shares rose 0.65 percent to $615.25 in pre-market trading. Analysts at Oppenheimer upgraded Google from Perform to Outperform and raised the price target from $670.00 to $700.00.

    Posted-In: PreMarket GainersNews Pre-Market Outlook Markets Movers

    CTI BioPharma, Fred Hutchinson Cancer Research Center Establish $1.5M Research Endowment Fund

    Courtesy of Benzinga.

    Seattle-based CTI BioPharma Corp. (NASDAQ: CTIC) and Fred Hutchinson Cancer Research Center today announced the establishment of a new $1.5 million research endowment fund – The CTI BioPharma International Postdoctoral Research Fellowship – intended to foster international collaboration in translational research and support advancements in the fields of hematology and immunobiology.    

    “Establishing this endowed international visiting fellowship to Fred Hutch stems from our commitment to translate scientific discoveries into innovative therapies that cure patients with blood-related cancers,” said James A. Bianco, M.D., president and CEO of CTI BioPharma. “After all, changing the future of cancer medicine starts with the support of today’s innovative ideas.”

    Hematology is the study of blood in health and disease and includes problems with red and white blood cells, platelets, blood vessels, bone marrow, lymph nodes, spleen, and the proteins involved in bleeding and clotting (hemostasis and thrombosis). Common blood disorders, affecting millions of people each year in the United States, include sickle cell disease, anemia, bleeding disorders (such as hemophilia and blood clots) and blood cancers (such as leukemia, lymphoma, and myeloma). Immunobiology is the study of the immune factors that affect the growth, development, and health of biologic organisms.

    “Endowment funding is essential to keeping our

    See full press release

    Benzinga's Top #PreMarket Gainers

    Courtesy of Benzinga.

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    XOMA Corp (NASDAQ: XOMA) gained 71.61 percent to $1.290 in pre-market trading after the company reported a development and commercialization agreement for first-in-class anti-TGF-beta antibody program in immuno-oncology.

    Sarepta Therapeutics Inc (NASDAQ: SRPT) shares rose 14.61 percent to $36.80 in pre-market trading on positive eteplirsen data.

    Synergy Pharmaceuticals Inc (NASDAQ: SGYP) shares rose 7.01 percent to $5.65 in pre-market trading. H.C. Wainwright initiated coverage on Synergy Pharmaceuticals with a Buy rating and a $20.00 price target.

    Novavax, Inc. (NASDAQ: NVAX) shares climbed 4.52 percent to $7.40 in pre-market trading after surging 10.45 percent on Wednesday.

    Linn Energy LLC (NASDAQ: LINE) shares rose 4.46 percent to $2.81 in pre-market trading after gaining 5.08 percent on Wednesday.

    Posted-In: PreMarket GainersNews Pre-Market Outlook Markets Movers


    Zero Hedge

    This Is How Close US And Russian Jets Are To A Dog Fight Above Syria

    Courtesy of ZeroHedge. View original post here.

    Submitted by Tyler Durden.

    With Russia now effectively controlling the skies over Syria and with the US chiding Moscow for “targeting” America’s CIA-trained proxy armies, everyone is anxious to know how long it will be before NATO’s F-16s have an actual, live fire run-in with Russian Su-34s. 

    As we noted on Monday, the biggest threat here is the close proximity at which everyone is now operating: "What happens next? Well, with the previously discussed Russian naval blockade of Syria as a likely next step, and with both US and Russian warplanes already flying back and forth above Syria, and now both superpowers having a legitimate, if only in the eyes of their own media, justification to dispatch land troops,...

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    Kimble Charting Solutions

    Germany (DAX)- At critical resistance point, will impact S&P 500

    Courtesy of Chris Kimble.

    In our opinions the German stock market (DAX) is very important on a global scale. We feel its a driving force for many stock markets around the world.

    This leader finds itself at very important price point at this time, which could become a high risk price point.


    The DAX has remained inside of clean rising channel since the 2011 lows. It hit the top of its channel earlier this year, attempting a breakout that failed and a 20%+&#...

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    Market News

    News You Can Use From Phil's Stock World


    Financial Markets and Economy

    People weren't supposed to be saving this much money — and now it's a problem (Business Insider)

    So, let's start with the basic premise: Consumers are not economists.

    This means that normal people who have a job and then decide what to do with their hard-earned money often make decisions that economists don't expect.

    Vietnam's Communists School Indonesia's Capitalists on Economy (Bloomberg)


    more from Paul

    Phil's Favorites

    Is Russia Plotting To Bring Down OPEC?


    Is Russia Plotting To Bring Down OPEC?

    Courtesy of Dalan McEndree at

    President Putin’s recent moves in the Middle East—to shore up Bashar al-Assad’s regime in Syria through deployment of combat aircraft, equipment, and manpower and build-out of air-, naval-, and ground-force bases, and the agreement in the last week with Iran, Iraq, and Syria on intelligence and security cooperation—could contribute to Russian efforts to combat the myriad negative pressures on Russia’s vital energy industry.

    Live by Energy…

    Energy is the foundation of Russia, its economy, its government, and its political system. Put...

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    Chart School

    Markets Post Gains - Breakout in Dow and Semiconductor Index

    Courtesy of Declan.

    A fresh day of gains keeps bullish momentum running in healthy action. The Dow was the first index to break past declining resistance established by July - August declining trendline. Volume also climbed to register accumulation.

    The Semiconductor Index was another to make a move higher. It cleared declining resistance and the 50-day MA. Better still, it was the first key index to return net bullish in technicals.

    This will help the Nasdaq 100 which is ...

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    All About Trends

    Mid-Day Update

    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...

    more from David


    Sector Detector: Searching for solid support in the face of global headwinds

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

    Courtesy of Sabrient Systems and Gradient Analytics

    Uncertainty about the health of the global economy led investors to flee U.S. equities during Q3, primarily driven by worries about China's growth prospects and the Federal Reserve’s decision to not raise rates. Sure, there are plenty of real and perceived headwinds, but on balance it seems that a recession here at home is not in the cards. And when you consider sentiment and the technical picture, it appears that a continuation of Friday’s bounce is in store. The question remains as to whether the seasonally strong Q4 will be able to propel the bulls through levels of resistance that have built up.

    In this weekly update, I give my view o...

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    Swing trading portfolio - week of October 5th, 2015

    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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    Some Hedge Funds "Hedged" During Stock Market Sell Off, Others Not As Risk Focused

    By Mark Melin. Originally published at ValueWalk.

    With the VIX index jumping 120 percent on a weekly basis, the most in its history, and with the index measuring volatility or "fear" up near 47 percent on the day, one might think professional investors might be concerned. While the sell off did surprise some, certain hedge fund managers have started to dip their toes in the water to buy stocks they have on their accumulation list, while other algorithmic strategies are actually prospering in this volatile but generally consistently trending market.

    Stock market sell off surprises some while others were prepared and are hedged prospering

    While so...

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    Baxter's Spinoff

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

    Baxter Int. (BAX) is splitting off its BioSciences division into a new company called Baxalta. Shares of Baxalta will be given as a tax-free dividend, in the ratio of one to one, to BAX holders on record on June 17, 2015. That means, if you want to receive the Baxalta dividend, you need to buy the stock this week (on or before June 12).

    The Baxalta Spinoff

    By Ilene with Trevor of Lowenthal Capital Partners and Paul Price

    In its recent filing with the SEC, Baxter provides:

    “This information statement is being ...

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    Mapping The Market

    An update on oil proxies

    Courtesy of Jean-Luc Saillard

    Back in December, I wrote a post on my blog where I compared the performances of various ETFs related to the oil industry. I was looking for the best possible proxy to match the moves of oil prices if you didn't want to play with futures. At the time, I concluded that for medium term trades, USO and the leveraged ETFs UCO and SCO were the most promising. Longer term, broader ETFs like OIH and XLE might make better investment if oil prices do recover to more profitable prices since ETF linked to futures like USO, UCO and SCO do suffer from decay. It also seemed that DIG and DUG could be promising if OIH could recover as it should with the price of oil, but that they don't make a good proxy for the price of oil itself. 


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    Watch the Phil Davis Special on Money Talk on BNN TV!

    Kim Parlee interviews Phil on Money Talk. Be sure to watch the replays if you missed the show live on Wednesday night (it was recorded on Monday). As usual, Phil provides an excellent program packed with macro analysis, important lessons and trading ideas. ~ Ilene


    The replay is now available on BNN's website. For the three part series, click on the links below. 

    Part 1 is here (discussing the macro outlook for the markets) Part 2 is here. (discussing our main trading strategies) Part 3 is here. (reviewing our pick of th...

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    Help One Of Our Own PSW Members

    "Hello PSW Members –

    This is a non-trading topic, but I wanted to post it during trading hours so as many eyes can see it as possible.  Feel free to contact me directly at with any questions.

    Last fall there was some discussion on the PSW board regarding setting up a YouCaring donation page for a PSW member, Shadowfax. Since then, we have been looking into ways to help get him additional medical services and to pay down his medical debts.  After following those leads, we are ready to move ahead with the YouCaring site. (Link is posted below.)  Any help you can give will be greatly appreciated; not only to help aid in his medical bill debt, but to also show what a great community this group is.

    Thank you for you time!

    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...

    Learn more About Phil >>

    As Seen On:

    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.

    Market Shadows >>