Phil's Newsletter

$225Tn Tuesday – Global Debt Drives the Economy


Global Debt is up $147Tn in 20 years.  That's $7Tn a year or about 10% of our Global Economy has been debt-driven.  Meanwhile, the Global GDP grew $50Tn over the same 20 years, which is $2.5Tn per year or 5% so, in simple terms, our debt is growing twice as fast as our economy.  

This is why there is a global push for 0% interest rates – 1% of $225Tn is $2.5Tn – that's 100% of our growth getting sucked up by interest payments.  2% would chop $2.5Tn off the growth, 3% rates would pull $5Tn out of the Global Economy, 4% $7.5Tn (10%), 5% $10Tn, 6% $12.5Tn…  I know you can do the math but have you really thought about these numbers?  

How can we ever go back to "normal" interest rates when just 3% would devastate the Global Economy?  Just take a look at the energy patch, where the EIA is showing that US onshore oil producers' debt service is already taking up 85% of the cash flow – even at these incredibly low rates:

This is much worse than last December (70%) and December is the month in which lenders are to reassess E&P companies’ loans conditions based on their assets value in relation to the incurred debt.  Also, oil was $100 a barrel in mid-2014, so the oil companies WERE still swimming with cash at the end of last year – not so much this year – especially for those who squandered it on buybacks or weak M&A deals. 

How long will this charade continue?  Actually, it can go on for quite a while as long as the Fed, the ECB, BOJ, BOE, PBOC, etc. are all willing to keep playing.  The ECB meets Thursday and it's widely anticipated they will double down on even lower rates and even more Quantitative Easing, which will then open the door for another round of Global easing and rate reductions – game not over by a long shot.  

As you can see, both Europe and the US are nowhere near Japan's radical stimulus levels and China is also pumping it up at an amazing pace.…
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Cyber Monday Window Dressing – November Ends with a Bang


Those are the odds that Draghi will provide more stimulus in Europe this Thursday based on the recent speeches he's been making.  That means, most likely, that it will be a "sell on the news" even at the rumor has already been bought – sending the DAX up 500 points (5%) in 5 days.

The ECB Deposit Rate has already been at -0.1% since June and is expected to go down to -0.3-0.4%, which is an actual penalty for banks who wish to store their cash with the ECB, rather than lending it out to the Private Sector.  While this will, of course, be a boost for the Private Sector, keep in mind that the banks who have looked at their books and analyzed their prospects have to be FORCED to lend these businesses money.  

As with many of our economic "solutions" since the 2008 crisis – this one simply masks one problem (businesses are not worth lending to) with another (forcing banks to make bad loans again) and now we can stagger forward for another few years until our banks need bailing out because they have too many bad loans – again.  

The evidence from the eurozone, Switzerland and Scandinavia is mixed. The worst-case scenarios of cash-hoarding and broad-based asset bubbles, due to plowing money into investments such as real estate, haven’t materialized. But despite the negative rates, Switzerland’s central bank, which sees the franc’s exchange rate against the euro as key, still has a stronger currency than it would like. In the ECB’s case, any transmission to private-sector lending has been modest at best.

Still, ECB officials are convinced that negative rates and large-scale asset purchases are a powerful combo to boost activity and prices by increasing the incentive to lend to households and businesses rather than accepting tiny or negative returns on government bonds or deposits at the central bank.

Meanwhile, let's pretend the real economy matters and talk about Black Friday, Cyber Monday and the Holiday Shopping Outlook – just for fun!  

Of course our Corporate Media, after a word…
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Fully Stuffed Friday – Markets Popping or Dropping?

SPX DAILYWhat an interesting year it has been.

On the whole, the markets have gone nowhere and it's up to December to either make or break a positive close for 2015.  As you can see from Dave Fry's S&P 500 Chart, we had a big "W" pattern that seems to be leading into an "M" pattern that, on the whole will drag us back down to about 2,000 at some point.

That point, however, plus or minus 2 weeks, will make or break the markets in 2016.  Brokers need to have a good finish to 2015 or their brochures for 2016 investing won't look attractive enough to get customers to pull their cash off the sidelines – especially in a rising rate environment.  At the moment it's "sure bonds were only good for 3% last year but stocks were down" – that's NOT a good way to get baby boomers to cash in their bonds and open a new trading account, is it?  

And Americans are saving.  After all – it's a Recession.  Just because the Government doesn't want to call it a recession and the Corporate Media isn't even allowed to say the word – it doesn't mean it isn't happening and the consumer spending data clearly indicates recessionary behavior has certainly taken hold.

Very sadly, looking at this BLS chart of Consumer Spending, the average family spends more after-tax money than they earn and that really doesn't leave a lot of growth for economic expansion in a country where nearly 70% of our GDP is consumer spending.  Savings is not even a category on this chart – for goodness sakes!  

As we know, less money has gone to gasoline this year and it was hoped that the savings would flow to other spending but that has not been the case as the average 48 year-old consumer is, of course, a little concerned with all this campaign talk about cutting the Social Security checks they expect to begin collecting in 17 years.  

I know this may come as a shock to 9 out of 10 "experts" they trot out on TV to explain things to you but, when you don't raise salaries, then all the consumer can…
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Why Worry Wednesday – Give Thanks for Invincible Markets

What do we have to be thankful for?  

We should be very thankful that even a horrific terror attack on a major Western city becomes yet another reason to rally the markets.  Oil prices shot up 5% yesterday but we rallied just as hard as we do when they fall – one is good for XOM, CVX and others and the other is good for consumers, whose confidence fell 10% between October and November and that was BEFORE the terrorist attacks we are not at all worried about.  

Sure, what do consumers know?  Their spending barely makes up 70% of our GDP so why pay attention to their mood when there are stocks to buy, right?  Economic Confidence is also fading fast and confirms the poor consumer numbers but hey – we're only 50% lower than we were last December – I'm sure we'll be fine if we just ignore it…

U.S. Economic Confidence Index Components -- Weekly Averages Since November 2014

Norway's Consumer Confidence is also fun to ignore:

Investors probably don't know anything either so we can also ignore State Street's Investor Confidence Index as it re-tests the year's lows.  

See – isn't it fun to ignore things!  Even Europe is ignoring things as their markets are fully recovering from yesterday's drop this morning.  How silly of us to think that any market sell-off would be allowed to stand!  

Clearly our leaders are too TERRIFIED to let the markets even have a normal correction for fear that we all melt-down like China, which has been struggling since October to get it's act together (we're short FXI at $41):

Nobel Prize-Winning Economist, Joe Stiglitz has agreed with my premise (see Friday's post)  that Mario Draghi is full of crap and that his is merely "papering over the cracks that are caused by the faulty design of the currency bloc."  According to Stiglitz (and myself), Draghi's assurances that he will do "whatever it takes" to boost the Euro-Zone's economy simply distracted…
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Trickle Down Tuesday – Markets Pull a Slow Fade into Holiday

SPY  5  MINUTEGoing down!  

You can't draw any conclusions from these low-volume trading days but, in general, stocks have been in retreat and this morning the news of Turkey shooting down a Russian jet fighter did not help the mood one bit as European markets dove 1.5% and our Futures followed down half a point (so far).  

I already sent out a News Alert to our Members and, if you follow us on Twitter, you already saw it – so I won't go over all the details and possible repercussions again.  Needless to say World War III would be kind of a bummer so let's hope things don't escalate.  Fortunately, Vladimir Putin is well known for his diplomatic restraint.

The US State Department has already issued a Global Travel Alert that's likely to put a damper on holiday cheer this year.  Paris is already seeing a slump as airline bookings into the city are down 13% – enough to put a serious dent in the travel industry's bottom line.  I was in NYC this weekend and my children got to see heavily armed police hanging out in Times Square and it was way too easy to get stand-by show tickets on Sunday (but we knew it would be, that's why we decided to go).  Buffett's admonition to "be greedy when others are fearful" applies to more than just stocks…

Brussells has become a complete ghost town as the Government there is hunting for terrorists in the capital – not even the subways are running as the ECB must be protected at all costs, of course.  It is in this environment, amazingly, that I have gotten tons of messages and comments in the past week telling me I'm too bearish and the markets will fly on the biggest Santa Claus Rally of all time.  It really does scare me that so many investors believe in Santa Claus, not to mention the Fed.  

I'm tired of explaining why I'm more comfortable being in CASH!!! into the end of 2015 but David Stockman isn't, so you can hear his interview where he makes the case that the Fed is very
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Monday Market Movement – HUGE Data Week

A LOT of data this week

We have, essentially, a 3-day week this week and don't expect people to stick around on Wednesday either and Friday being a half-day is a joke as it's dead as a doornail on Thanksgiving Fridays.  Overall trading with be thin, which means all market action should be taken with a grain of salt and, unfortunately, we get revised GDP tomorrow morning – which is very important.

Our initial estimate of Q3 GDP was 1.5% and most Economorons think it will be revised up to 2% and why not – if GDP is so inexact that it can move up or down 33% in less than a month – what's the difference what number they paint into a holiday weekend?  It's Personal Income and Outlays that really matter on Wednesday – as that's a precursor to Christmas Shopping Season.  Durable Goods (also Weds) were a disaster in September (-1.2%) so hard to be worse in October but run away if they are.  

In faraway lands we'll also get Eurozone PMI Reports, which are looking up so far but enjoy it while you can as tomorrow we get Germany's GDP, which may make ours look good.  The rest of the Eurozone reports their GDP Thursday and Friday – so that will be worth at least checking in for on Friday morning – especially if you are a Futures player looking for some fun!  

Meanwhile, oil Futures look like this, so you'd have to be a maniac to play.  We played on Friday, of course and our long plays on oil (/CL) and gasoline (/RB) each made over $1,000 per contract for our morning readers (you're welcome).  For those who could not play the Futures, we also had a long play on UGA options that popped 44% on the day (and will be cheap again this morning) so again, it's not like we have to be heavily invested to make money every day – we can make a fortune with these quick in and out plays – over and over again. 

Getting back to cash allows us to enjoy our Thanksgiving trips without worrying about what the market is doing while we're on a plane.  As noted in our October
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PhilStockWorld October Portfolio Review – Million Dollar Edition!

One Million Dollars!  

That's up 66% on our main, paired portflios as we approach our 2-year anniversary.  66% is our 3-year goal for the Long-Term and Short-Term Portfolio strategy so of course we decided to lock in our gains after having a rough ride in September, when the LTP balance fell as low as +26% on September's dip to S&P 1,870.  That led us, in our last review, to add another $50,000 worth of downside protection in the STP and it worked perfectly, as the October dip barely touched us.

Well, not PERFECTLY, our net balance on the Long and Short-Term portfolios has dropped from $1,020,881.30 to $1,002,144.60 – down $18,736.70 (1.8%) for the month.  As I noted in our Chat Room, we did add ABX, ARO, BHI, BRCM, COH, IRBT, RIG, UNG and YHOO trades since our last review so we're hardly sitting on our hands – just playing the market cautiously in the final quarter since we're so far ahead in the game.  

SPX DAILYUnfortunately, like all prevent defenses, you end up giving back a little ground in the interest of preserving the greater victory.  Of course, that doesn't stop us from having plenty of other trade ideas – they just weren't added to our tracking portflios yet.  

AAPL, for instance was featured as it dropped back below $115 and IBM was officially announced as our trade of the year as it plunged to $130 and it's already begun to recover.  At our Butterfly Portfolio Seminar in Washington last week, we went over 20 stocks we'll be watching in 2016 but mostly AFTER we get through the holidays intact!  

It can be hard to sit on the sidelines in cash – especially when we've had such fun increasing our cash piles all year long.  However, as I mentioned above, we had a $115,000 swing in the LTP in Sept and, despite making some offsetting gains in the STP to compensate – that was a little more variation than I was comfortable with.  We did, in fact, go on a buying spree at the Aug dip…
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Friday: Draghi Fever has Traders Ignoring more Terrorism

170 hostages were taken at the Radisson Hotel in Mali

I know – where's Mali?  Who cares?  Apparently, not too many of you do because the Futures have gained 0.5% since this happened early this morning, so let's just keep going and invest as if nothing bad is ever going to happen.  

Today's market cheerleader was former Goldman Sachs Director, Mario Draghi, who said the ECB is prepared to deploy its full range of stimulus measures to fight low inflation, indicating that the Central Bank will apply additional easy money policies at its next meeting in December.   

That sent the Euro down half a point and, so far, the Dollar is up 0.5% to match, which is pushing oil back down to $40 (the Dec contract, on it's last day) and giving us a nice buying opportunity into the weekend on both /CLF6 (the Jan contract, now $41.50) and /RBF6 (Jan Gasoline, now $1.275) into next week's holiday.  For the Futures impaired – the Gasoline ETF (UGA) should be at $28.75 and that should put the Dec $29 calls under $1 – a fun way to pay for a tank of gas for next week's visit to Grandma's.

Keep in mind that Draghi is a guy who thinks Bankers should run the World, the quote in this picture comes from his actual interview in Der Spiegel in 2012 and, since then, he's simply moving his agenda forward, in a subtle(ish), diplomatic fashion:

 "It is not that we want to replace the national supervisory authorities; on the contrary, we want to work closely with them. However, they need to be independent of their governments in their assessment of the problems. In the past, problems in the banking sector have been hushed up time and again.

"I am not going to mention any names. However, I am certain that we will be able to act more independently and quickly if Frankfurt is at the heart of the decision-making."

On our side of the pond, the NY Fed's Bill Dudley (former Goldman Chief Economist) was heard saying, in his opening remarks at a regulation conference: "If we begin to raise interest rates, that’s a good thing. That’s
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Federally Fueled Thursday – Gobbledygook in the Fed Minutes!


Gobbledygook, I say!  What other word could describe the 4 paragraphs of economic nonsense that led off yesterday's Fed minutes (highlighted text here) which said (and I sadly quote):  "A number of participants indicated that they expected short-run r* to rise as the economic expansion continued, but probably only gradually. Moreover, it was noted that the longer-run downward trend in real interest rates suggested that short-run r* would likely remain below levels that were normal during previous business cycle expansions, and that the longer-run normal level to which the nominal federal funds rate might be expected to converge in the absence of further shocks to the economy…"  It just goes on and on like that.

"r*" is, of course, the "neutral" or "natural" real interest rate.  Well, I say "of course" because the Fed made it up and now that's what it is and soon you'll hear all sorts of blowhards on TV pontificating on what r* is at the moment – it's our new distracting talking point!  The Nattering Naybob summed it up quite nicely in our Live Member Chat Room, saying:

As for their inept discussion of R, as in rates: The pace of economic activity has slowed due to inappropriate monetary policy. A lack of thin-air or ex nihilo credit growth in the NB's and CB's is a symptom, not a cause. Ceteris Paribus, the cost or price of money is represented by various price indices. Interest is NOT the cost of money, it is the cost of loan funds.  Supply and demand for loan funds determines interest rates and bond prices. Demand at zero bound is present, it is SUPPLY due to NIM compression and former lending institution disintermediation that is NOT forthcoming. The 300 Phd's on staff at the Fed, who spoon feed the appointed idiots from Goldman Sachs banksters that are running it, and who have never predicted a recession in advance, don't know money from mud, much less their ass from a hole in the ground.


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Will We Hold It Wednesday – S&P 2,050 Edition

SPX DAILYWoah, we're half way there – Woah, living on a prayer.  

We're waiting on the Fed minutes today (2pm) and, hopefully, more indications that bad news is good news and yesterday's -0.2% Industrial Production and falling Housing Index and weak CPI and poor Redbook Sales were actually good news because the Fed will or won't tighten or whatever the narrative is at the moment – who even cares anymore, it's almost Christmas!  

So far, this "rally" of the last few days has erased 30 points of the 90-point drop from S&P 2,010 back to 2,020 and now 2,050 again.  Those of you who follow our fabulous 5% Rule™ know that, when we have a 90-point dip we expect at least a weak 18-point bounce (2,038) and a strong 36-point bounce (2,056) before we even begin to consider making bullish bets again.  PS – the bounce needs to hold for 2 closes so we are, indeed, not even halfway there. 

But we are, in fact, living on a prayer in the hopes that St. Janet and the Immaculate Fed will… oops, what is it we want them to do now?  Seriously, I have lost track of the narrative as now we are, for some reason, rallying into the tightening or is it that the recent data is so bad that the Fed would not dare tighten at their next meeting (12/16) – just 7 shopping days before Christmas?

Seriously, I pay more attention to this stuff than pretty much anyone on the planet and I can tell you with absolute certainty that I have no idea what it is traders are now looking for.  There is nothing but confusion in the marketplace – which is why we moved to the sidelines.

And we're not alone, by the way.  Since we went to mainly cash back in July (the S&Ps previous trip to 2,100), Institutional Investors have been flying out of the market and hedge funds have been lightening up as well.  Of course, some of them are our Premium Members over at PSW but we can't be responsible for ALL of the cashing out in the market, can we?  No, I
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Zero Hedge

Dead, White, & Blue - The Great Die-Off Of America's Blue Collar Whites

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden. the 2016 campaign season, it couldn’t be clearer that the billionaire version of white privilege is going great guns, but as for working class whites, not so much. As Barbara Ehrenreich, founding editor of the Economic Hardship Reporting Project, notes today, the sense of white privilege has taken a hit in America and that’s not surprising. A recent study she cites suggests that middle-aged whites with no more than a high-school degree now have death rates that, in developed countries, come close only to those last seen ...

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Phil's Favorites

Retaliation and Claims 101: Beneficiaries and the Failure to Think Ahead

Courtesy of Mish.

Claims and counterclaims are the order of the day between Turkey and Russia. The US and Syria stand not side-by-side, but rather on each side, most of the time, but not all of the time.

Background for this post is the deliberate shooting down by Turkey, a Russian aircraft attacking ISIS and alleged moderate rebels in Syria.

At most, Russian aircraft were over Syria for a matter of seconds. But Russia claims its aircraft were not over Syria at all.

Then came the unbelievable lie Turkey Says It Had Not Recognized the Aircraft as Russian When it Shot it Down.

Putin angrily dismissed Turkey's claim as “impossible” and said Russia had provided the US with information on the time and locat...

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Chart School

Strong Gains

Courtesy of Declan.

Yesterday's modest losses were undone by today's swoop by buyers. This will have forced many shorts to cover, particularly those who decided to take advantage of yesterday's weakness.  The seasonally positive 'Santa rally' may be perfectly timed here if the November high can be taken out.

The S&P reversed the move lower after it failed to crack support of the tight range. Bulls look to be making a better fist of this, and there is a good chance for some follow through higher. On the negative side, the index's relative performance remains a problem as it sharply underperforms against both Tech and Small Cap Indices. It also have negative technicals in the form of On-Balance-Volume and MACD, although the latter is just shy of a 'strong buy' signal.


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Market News

News You Can Use From Phil's Stock World


Financial Markets and Economy

Morgan Stanley Calls 2016 the Year of the Yen With BOJ on Hold (Bloomberg)

The yen will outshine the dollar as next year’s star performer in the $5.3 trillion-a-day global currency market, according to Morgan Stanley.

A top Wall Street strategist believes the global bull market will end in 2017 (Business Insider)

Societe Generale is out with a call for the end of the global stock bull market: 2017. 

In its year-ahead outlook for 2016, SocGen expects that aside from the US, next year ...

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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...

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Kimble Charting Solutions

Bull market depends on what this stock does (Update), says Joe

Courtesy of Chris Kimble.

Could one stock really tell you where the broad market heads? Joe Friday shared he thought so on November the 13th in the chart below. Bio-tech stock Valeant Pharma (VRX) had been slammed the prior few months and the broad market dipped along with it.

The chart below reflected the VRX was testing five support lines at one time at (3), along with oversold momentum at (1) and volume was sky high at (2), which could have reflected panic selling. All of these conditions would suggest this price point was key for the stock and maybe the broad markets.

Since the Joe Friday post, VRX is up over 28% in less than 3-weeks


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Insider Scoop

Aduro Biotech Downgraded By Oppenheimer On Listeriosis Disclosure

Courtesy of Benzinga.

Related ADRO Aduro Biotech Receives Orphan Drug Designation in the European Union for CRS-207 for the Treatment of Mesothelioma Benzinga's Top Initiations
  • Aduro BioTech Inc (NASDAQ: ADRO) shares have climbed 51 percent in the last three months, even after hitting a low of $19.03 on September 29.
  • Oppenheimer’s Wendy Lam downgraded the rating on the company to Perform.
  • Al... more from Insider


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 ...

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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 ...

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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 ...

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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, ...

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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...

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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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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...

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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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