Author Archive for Insider Scoop

Stocks Hitting 52-Week Highs

Courtesy of Benzinga.

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Acuity Brands, Inc. (NYSE: AYI) shares gained 0.54 percent to touch a new 52-week high of $230.88. Acuity Brands’ PEG ratio is 1.83.

Campbell Soup Company (NYSE: CPB) shares gained 0.88 percent to reach a new 52-week high of $52.98. Campbell Soup shares have jumped 15.99 percent over the past 52 weeks, while the S&P 500 index has gained 1.03 percent in the same period.

eFuture Information Technology Inc. (NASDAQ: EFUT) shares surged 94.85 percent to touch a new 52-week high of $15.88 following Wednesday filing of 50.51 percent stake by Shiji (Hong Kong) Limited.

B&G Foods, Inc. (NYSE: BGS) shares rose 0.26 percent to reach a new 52-week high of $38.04. B&G Foods shares have surged 32.56 percent over the past 52 weeks, while the S&P 500 index has gained 1.03 percent in the same period

Posted-In: 52-Week HighsNews Intraday Update Markets Movers

RBC Downgrades Aviva To Underperform

Courtesy of Benzinga.

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  • Aviva Plc (ADR) (NYSE: AV) shares have risen 6 percent in the last one month, remaining upon $14.50 since October 27.
  • RBC Capital Markets’ Gordon Aitken downgraded the rating on the company from Sector Perform to Underperform, while reducing the price Target from GBp 490 to GBp 460.
  • Aviva’s solvency ratio may be towards the lower end of what is acceptable to investors, Aitken said.

Analyst Gordon Aitken mentioned that Aviva’s economic capital coverage ratio is at 172 percent, which appears to be close to the lower end of what investors consider as acceptable. He believes that investors would be comfortable with a ratio of 180 percent for life companies and 150 percent for non-life companies.

“We believe selling commercial mortgages and staying clear of UK bulk annuities [which is high growth, high margin] indicates Aviva itself thinks its ratio is not high enough,” Aitken wrote. He added that the company’s asset management business could take time to “develop a three year performance track record which it needs to drive institutional inflows.”

Aviva has not announced the capital synergies from the acquisition of Friends Life Group. This could add at most 10 percentage points to the coverage ratio. The analyst added, however, that the UK regulator is likely to “push back on the assumptions UK insurers are currently using,” which may adversely impact the coverage ratio by as much as 10 percentage points.

Although Aviva has recorded its 11th straight quarter of growth in life value of new business, this growth has been achieved via acquisition rather than being organic, Aitken pointed out.

In the report RBC Capital Markets added, “Longer term we see lower pensions sales when a single rate of tax relief is introduced (we expect a rate of 25% from April 2017).”

Latest Ratings for AV

Date Firm Action From To
Nov 2015 RBC Capital Downgrades Sector Perform Underperform
Oct 2015 Beaufort Securities Upgrades Buy
Apr 2015 JP Morgan Resumes Overweight

View More Analyst Ratings for AV
View the Latest Analyst Ratings

Posted-In: Gordon Aitken RBC Capital MarketsAnalyst Color Short Ideas Downgrades Price Target Analyst Ratings Trading Ideas

Taiwan Semiconductor to Sell 6% of Motech Industries

Courtesy of Benzinga.

Taiwan Semiconductor (NYSE: TSM) today announced to sell 29.16 million common shares of Motech Industries, Inc. (“Motech”), or approximately 6% of Motech’s paid-in-capital. After the sale, TSMC will hold approximately 12% of Motech shares. TSMC intends to exit from its financial investment in Motech in an orderly manner in the future.

Posted-In: News Asset Sales Insider Trades Press Releases

Benzinga's Volume Movers

Courtesy of Benzinga.

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Stocks Hitting 52-Week Highs
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eFuture up 129.5% after firm discloses 50.5% stake (Seeking Alpha)

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eFuture Information Technology Inc. (NASDAQ: EFUT) shares climbed 92.64 percent to $15.70. The volume of eFuture Information Technology shares traded was 2128 percent higher than normal. eFuture shares surged following Wednesday filing of 50.51 percent stake by Shiji (Hong Kong) Limited.

Telekomunikasi Indns Tbk Prshn PP PT-ADR (NYSE: TLK) shares rose 1.74 percent to $42.58. The volume of Telekomunikasi Indns Tbk Prshn shares traded was 405 percent higher than normal.

KaloBios Pharmaceuticals Inc (NASDAQ: KBIO) surged 48.74 percent to $39.61. The volume of KaloBios Pharmaceuticals shares traded was 287 percent higher than normal. KaloBios Pharmaceuticals shares surged 44.73 percent on Wednesday.

Universal Display Corporation (NASDAQ: OLED) shares moved up 4.79 percent to $54.44. The volume of Universal Display traded was 70 percent higher than normal. According to an article published in The Korea Times, Apple is in talks with Samsung affiliate Samsung Display Co. The iPhone maker is allegedly considering starting to use organic light-emitting diodes (OLED) displays in its phones as of 2018.

Posted-In: volume moversNews Intraday Update Markets Movers

Morgan Stanley Thinks SPX Flow Is Cheap Compared To Peers, Initiates At Equal-Weight

Courtesy of Benzinga.

Morgan Stanley Thinks SPX Flow Is Cheap Compared To Peers, Initiates At Equal-Weight

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Benzinga's Top Initiations

  • Shares of SPX Flow Inc (NYSE: FLOW) have been trading at a discount to its peers since the company’s spin in September 2015.
  • Morgan Stanley’s Nigel Coe has initiated coverage of the company with an Equal-Weight rating and price target of $38.
  • Coe expects the stock to continue to trade at a discount, with investors seeking better end-market stability and/or strategic catalysts/viable balance sheet.
  • Following Morgan Stanley’s initiation of coverage of SPX Flow, analyst Nigel Coe explained, “Small cap, levered plays with downside risk to consensus estimates and no viable balance sheet catalysts have not been market favorites for sometime and we see little reason why that changes anytime soon.”

    Consolidation Ahead

    However, Coe expects the Flow Control industry to consolidate over time, once there is greater end-market stability, with 2016 expected to bring in some improvement in the end-market fundamentals.

    The declines in the power and energy segment are expected to slow, while the industrial segment is expected to recover to some extent, although only in 2H2016.

    Related Link: SPX Flow Announces Multi-Year Plan To Expand Manufacturing Presence

    “However, backlog erosion in food and beverage on account of weak dairy prices and recent capacity overbuild represents a new challenge and leads us to project ~2.5 percent core sales erosion vs. -6.3 percent in 2015e,” Coe stated.

    Future Fundamentals

    SPX Flow’s top-line fundamentals are expected to lag its EE/MI peers by about 300 bps in 2016, although Coe expressed optimism regarding margin fundamentals driven by the robust execution over the past three years, along with the aggressive restructuring initiatives.

    “We also see some mix benefits in both the food and beverage and power and energy segments as demand continues to shift to richer component and aftermarket products, although all of these favorable factors are likely offset by price deflation in P&E,” Coe added.

    Image Credit: Public Domain

    Latest Ratings for FLOW

    Date Firm Action From To
    Nov 2015 Morgan Stanley Initiates Coverage on Equal-weight
    Nov 2015 William Blair Initiates Coverage on Market Perform
    Nov 2015 Seaport Global Initiates Coverage on Neutral

    View More Analyst Ratings for FLOW
    View the Latest Analyst Ratings

    Posted-In: Morgan Stanley Nigel CoeAnalyst Color Long Ideas Initiation Top Stories Analyst Ratings Trading Ideas Best of Benzinga

    Benzinga's Top #PreMarket Gainers

    Courtesy of Benzinga.

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    KaloBios Pharmaceuticals Inc (NASDAQ: KBIO) shares rose 15 percent to $21.16 in pre-market trading after dropping 53.42 percent on Tuesday.

    Voltari Corp (NASDAQ: VLTC) shares climbed 9.68 percent to $9.40 in pre-market trading after surging 144.86 percent on Tuesday.

    VimpelCom Ltd (ADR) (NASDAQ: VIP) shares rose 4.45 percent to $3.52 in pre-market trading after falling 1.75 percent on Tuesday.

    Deere & Company (NYSE: DE) gained 4.01 percent to $79.41 in pre-market trading after the company reported better-than-expected earnings for its fiscal fourth quarter.

    Tesla Motors Inc (NASDAQ: TSLA) shares surged 1.26 percent to $221 in pre-market trading after rising 0.23 percent on Tuesday.

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

    Benzinga's Top Downgrades

    Courtesy of Benzinga.

    Benzinga's Top Downgrades

    US Stock Futures Gain Ahead Of Economic Data
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    Hormel Foods, Campbell Soup Whip Up Tasty Earnings (Investor’s Business Daily)

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    Analysts at SunTrust Robinson Humphrey downgraded Boulder Brands Inc (NASDAQ: BDBD) from Buy to Neutral. The price target for Boulder Brands has been raised from $10 to $11. Boulder Brands shares closed at $10.92 on Tuesday.

    Analysts at UBS downgraded Sunedison Inc (NYSE: SUNE) from Neutral to Sell. SunEdison shares closed at $4.12 on Tuesday.

    JP Morgan downgraded The Valspar Corp (NYSE: VAL) from Overweight to Neutral. The price target for Valspar has been raised from $83 to $85. Valspar shares closed at $85.37 on Tuesday.

    Analysts at Jefferies downgraded PTC Therapeutics, Inc. (NASDAQ: PTCT) from Hold to Underperform. The price target for PTC Therapeutics has been lowered from $26 to $18. PTC Therapeutics shares closed at $31.75 on Tuesday.

    Argus Research downgraded Cracker Barrel Old Country Store, Inc. (NASDAQ: CBRL) from Buy to Hold.. Cracker Barrel shares closed at $129.21 on Tuesday.

    UBS downgraded TerraForm Power Inc (NASDAQ: TERP) from Neutral to Sell. TerraForm Power shares closed at $8.83 on Tuesday.

    Analysts at William Blair downgraded Boulder Brands Inc (NASDAQ: BDBD) from Outperform to Market Perform. Boulder Brands shares closed at $10.92 on Tuesday.

    Latest Ratings for BDBD

    Date Firm Action From To
    Nov 2015 William Blair Downgrades Outperform Market Perform
    Nov 2015 SunTrust Robinson Humphrey Downgrades Buy Neutral
    Nov 2015 RBC Capital Downgrades Outperform Sector Perform

    View More Analyst Ratings for BDBD
    View the Latest Analyst Ratings

    Posted-In: Top DowngradesDowngrades Analyst Ratings

    Rob Sanderson: Why I'm Cutting My Tivo Price Target

    Courtesy of Benzinga.

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    • TiVo Inc. (NASDAQ: TIVO) shares are up 11 percent in the last three months, even after hitting a low of $8.48 on October 1.
    • MKM Partners’ Rob Sanderson maintained a Buy rating on the company, while reducing the price target from $16 to $12.50.
    • Although the company posted strong results, this may not be enough to trigger investor interest, Sanderson said.

    Tivo reported robust quarterly results that were in-line to better-than-expected. The company benefited from strong subscriber additions.

    Tivo posted record net MSO subscriber additions of 418k, handsomely beating the consensus estimate of around 310k. “This is important as some of TIVO's largest operators are well above 50% penetration and the middle-tier is just beginning to contribute meaningful subs,” analyst Rob Sanderson wrote.

    TIVO-owned, or retail, subs also beat expectation, with 11k of net new additions, versus consensus of a 3k loss. This represented the fifth consecutive quarter of acceleration in gross subscriber additions.

    In the report MKM Partners noted, “The Media services line (driven largely by the DigitalSmiths acquisition) has seen a disappointing ramp vs. expectations, up only 5% sequentially…Professional services revenue is lumpy, booked at integration milestones from new operators. This is expected to decline next quarter, the primary reason for a flattish revenue guide.”

    Although there is upside and a strong balance sheet limits downside, the company has been “unable to land follow-on wins, is increasing its focus on the retail opportunity and reengaging in IP litigation,” the analyst commented, while adding that the CEO transition suggests that nothing much will change in the near term.

    Latest Ratings for TIVO

    Date Firm Action From To
    Mar 2015 Macquarie Initiates Coverage on Outperform
    Mar 2015 Barclays Maintains Equal-weight
    Feb 2015 JP Morgan Maintains Neutral

    View More Analyst Ratings for TIVO
    View the Latest Analyst Ratings

    Posted-In: MKM Partners Rob SandersonAnalyst Color Long Ideas Price Target Reiteration Analyst Ratings Trading Ideas

    Benzinga's Top #PreMarket Gainers

    Courtesy of Benzinga.

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    AEterna Zentaris Inc. (USA) (NASDAQ: AEZS) shares rose 43.19 percent to $12.20 in pre-market trading after jumping 101.42 percent on Monday.

    Sunedison Inc (NYSE: SUNE) shares rose 8 percent to $3.24 in pre-market trading on report of termination of continuum acquisition and sale of 400 MW of solar capacity in India.

    Palo Alto Networks Inc (NYSE: PANW) gained 2.91 percent to $177.03 in pre-market trading after the company reported better-than-expected results for its fiscal first quarter.

    Campbell Soup Company (NYSE: CPB) shares surged 2.43 percent to $51.00 in pre-market trading after the company reported better-than-expected earnings for its fiscal first quarter.

    Xerox Corp (NYSE: XRX) shares climbed 2.05 percent to $10.97 in pre-market trading. Carl Icahn disclosed a 7.13 percent stake in Xerox.

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

    SunTrust Starts Datacenters With A 'Positive View', Says Buy CyrusOne, DuPont Fabros And Equinix

    Courtesy of Benzinga.

    SunTrust Starts Datacenters With A 'Positive View', Says Buy CyrusOne, DuPont Fabros And Equinix
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    SunTrust bullish on data centers, picks CONE, DFT, EQIX (Seeking Alpha)
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    Amazon: Cloud Will Make Internet of Things Better (Investor’s Business Daily)
    • Inder Singh of SunTrust Robinson Humphrey initiated coverage of the Datacenter Infrastructure space with a 'Positive view.'
    • Singh noted the sector benefits from 'favorable' cloud traffic growth trends.
    • The analyst recommended investors buy CyrusOne Inc (NASDAQ: CONE), DuPont Fabros Technology, Inc. (NYSE: DFT), and Equinix Inc (NASDAQ: EQIX).

    Datacenter infrastructure companies are a prime beneficiary of "favorable" cloud traffic growth trends, according to Inder Singh of SunTrust Robinson Humphrey.

    In a new sector-wide report, Singh initiated coverage of the datacenter infrastructure space with a "positive view." The analyst highlighted the "proliferation" of bandwidth intensive applications (including video streaming) which has increased the demand for distributed compute architectures to "bring users closer to content."

    "Given that two thirds of internet traffic is data center related, the importance of data centers both from a colocation and cloud perspective is significant," Singh wrote. "Data center traffic is the biggest component of internet traffic, almost twice as much as the traffic that transverses IP WAN networks."

    Singh said data center traffic is expected to grow by a compounded annual growth rate of 23 percent through 2019, reaching as much as 10.4 Zettabytes per year.

    Related Link: JP Morgan Weighs In On The New Hewlett-Packard

    Looking forward to 2016, Singh suggested that M&A activity in the space will continue for two reasons: 1) wholesale and retail colocation companies are looking to expand their service offerings to become a "one-stop shop" that can attract clients of all types and sizes, and 2) scale and size is important to attract enterprises that operate across many geographical regions.

    CyrusOne Initiated At Buy

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    Financial Markets and Economy

    Here's your complete preview of this week's big market-moving events (Business Insider)

    It's the first week of the last month of 2015, and that means there's a lot of economic data on deck.

    First, we'll get finalized numbers on Thanksgiving weekend and Black Friday sales. Preliminary estimates from RetailNext and ShopperTrak show sales were down in the low single-digits.

    Think of Debt as Pollution (Bloomberg View)


    more from Ilene


    Swing trading portfolio - week of November 30th, 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 ...

    more from OpTrader

    Zero Hedge

    Paul Craig Roberts Rages At The "Arrogance, Hubris, & Stupidity" Of The US Government

    Courtesy of ZeroHedge. View original post here.

    Submitted by Tyler Durden.

    On the heels of the Chinese stock market plunging 5.5%, continued turmoil in the Middle East and the price of gold hitting 5 year lows, former U.S. Treasury official, Dr. Paul Craig Roberts told Eric King of King World News that Putin and the Russians are now dominating in Syria and the Middle East as the West destroys itself.

    Dr. Paul Craig Roberts:  “It could well be that this is going to work out so much in Russia’s favor that Putin will send a letter of thanks to the Turkish President and say, &lsquo...

    more from Tyler

    Digital Currencies

    The Bitcoin Universe Explained

    Courtesy of ZeroHedge. View original post here.

    As evidenced by the Greek, Chinese, and now Argentine 'jumps', the world remains increasingly aware of the inevitable worth of fiat currencies and fears the desperate acts of governments as the react to that reality (and is looking for alternatives).

    This infographic explains the wide ranges of the Bitcoin universe, accompanied with quotes from some of its best-known business leaders.

    Courtesy of: Visual Capitalist ...

    more from Bitcoin

    Market News

    News You Can Use From Phil's Stock World


    Financial Markets and Economy

    The Fed just tweeted a brutal chart showing the sorry state of US department stores (Business Insider)

    It's Black Friday, which means American consumers everywhere are knocking down doors in their efforts to take advantage of what they perceive to be a good deal.

    Oil prices fall more than 3% as dollar and oversu...

    more from Paul

    Kimble Charting Solutions

    Does Black Friday Matter For Gains The Rest Of The Year?

    Courtesy of Chris Kimble.

    We are entering one of the most bullish times of the year historically.  As we mentioned last week, the final 30 trading days of the year have been higher each of the last 12 years.


    Getting to today, it is Black Friday – the official start to the holiday spending season.  We’ve seen many stats that show this day isn’t quite as important as it once was.  From many sales now starting on Thanksgiving, to Cyber Monday this coming Monday – there are other times people are looking for the best deals.  None the less,...

    more from Kimble C.S.

    Chart School

    Greatest risk to the stock market is?

    Courtesy of Read the Ticker.

    Nope it is not interest rates, nope it is not Donald Trump, it is!

    It is the CRUDE OIL crash, simple!

    Jim Willie has good comments in the first 40 min of this pod cast.

    Energy company ...
    - Debt is blowing up (See energy element of HYG).
    - Hedging at oil $100 is coming to an end.
    - Iran coming back to the market, more supply.
    - Saudi still providing massive supply.
    - Oil tankers holding oil parked in the ocean are coming in to harbor to unload
    - US dollar strength supports lower oil prices
    - World wide DEMAND slump for energy or deflation.
    - More oil being sold outside the US Dollar
    - The Oil futures can not be manipulated easily as folks actually ...

    more from Chart School

    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: Bulls wrest back control of market direction, despite global adversity

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

    Courtesy of Sabrient Systems and Gradient Analytics

    Some weeks when I write this article there is little new to talk about from the prior week. It’s always the Fed, global QE, China growth, election chatter, oil prices, etc. And then there are times like this in which there is so much happening that I don’t know where to start. Of course, the biggest market-moving news came the weekend before last when Paris was put face-to-face with the depths of human depravity and savagery. And yet the stock market responded with its best week of the year. As a result, the key issues dominating the front page and election chatter have moved from the economy and jobs to national security and a real war (rather than police ...

    more from Sabrient


    PSW is more than just stock talk!


    We know you love coming here for our Stocks & Options education, strategy and trade ideas, and for Phil's daily commentary which you can't live without, but there's more! features the most important and most interesting news items from around the web, all day, every day!

    News: If you missed it, you can probably find it in our Market News section. We sift through piles of news so you don't have to.   

    If you are looking for non-mainstream, provocatively-narrated news and opinion pieces which promise to make you think -- we feature Zero Hedge, ...

    more from Promotions


    Whitney Tilson On LL, EXACT, And Martin Shkreli


    Whitney Tilson On LL, EXACT, And Martin Shkreli

    Courtesy of Value Walk

    1) The shares of one of my largest short positions (~3%), Exact Sciences, crashed by more than 46% yesterday. Below is the article I published this morning on SeekingAlpha, explaining why I think it’s still a great short and thus shorted more yesterday. Here’s a summary:

    • The U.S. Preventative Services Task Force’s Colorectal Cancer Screening Draft Recommendation issued yesterday is devastating for Exact Sciences’ only product, Cologuard.
    • I think this is the beginning of the end for the company.
    • My price target for the stock a year from now is $3, so I shorted more yes...

    more from ValueWalk


    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 ...

    more from Pharmboy

    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. 


    more from M.T.M.

    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!

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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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