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Triple Top Tuesday – Here Come Those Tears Again

Baby, here we stand again where we've been so many times before

Even though you looked so sure as I was watching you walking out my door

But you always walk back in like you did today

Acting like you never even went away

Here come those tears again - Jackson Browne

What a rally!  

Yes, we missed it.  Though we've had plenty of long-term winners (see September Trade Review), we certainly weren't expecting this short-term pop in the face of all this uncertainty surrounding the debt ceiling.  Our short-term portfolio lost $6,000 (down 20%) in the last week as we kept taking pokes at a possible sell-off that never (so far) came.  

SPY 5 MINUTEBulls continue to hang their hat on continued Fed easing and there's the undercurrent of a celebration that uber-dove Janet Yellen will take the helm in January and, already, they are talking about MORE QE than the $85Bn a month that is currently being pumped in to support the markets.  

As you can see from Dave Fry's SPY chart, we're falling into a daily pattern of getting a massive pump from POMO, the daily injections of Billions of Dollars in Fed Funds to the Primary Dealers like GS and JPM who, in turn, use it to manipulate the market and paint the pretty picture we see on the Big Chart.  

Today is an extra big one – about $5Bn will be placed today as part of a $16Bn week in Treasury puruchases alone!  Of course that's par for the course on option expiration weeks, when the Banksters need a little extra cash to hit their targets on Friday – regardless of the Fundamentals.  

Speaking of Fundamentals, KO came in-line on earnings this morning with year/year revenues…
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Monday Market Meltdown – Again

Does this seem familiar to you?

This is how we began last Monday's post as the House failed to pass a debt deal and the markets begain to panic after having popped 100 points on Friday in anticipation of a revolution.  Those who forget the past yadda, yadda, yadda - I suppose.  

We started last week at 15,100 on the Dow on Monday, fell to 14,700 on Wednesday, rallied back over 15,100 on Thursday and now back to 15,100 at the open this morning (Futures down about 100 points). Isn't this silly?

We could have yadda-yadda'd all of last week and wouldn't have missed much – except some fabulous gains in oil, of course, as we got all the way back to $100.50.  This morning we caught a nice ride from $102.50 back to $101.25  for a $1,025 per contract gain from our entry in early morning Member Chat but, at this point, I certainly hope you don't need me to tell you what lines we're shorting oil at!  

We're actually hoping oil goes up now, as we cashed in our USO/SCO positions and we'd like to add more back.  Also, like last Thursday – how much more fun is it when we get a nice BS pop to ride back down?  Like any good roller coaster – you have to sit and wait for the car to get to the top of the tracks again before you get that exhilarating "WHEEEEEE!!!" we enjoy so much (and you do not need a degree in rocket science to see that it's a good idea to go LONG at $102.50 until it breaks back under and we can flip back short).  

The same goes for our indexes as well.  As you can see from our Big Chart, we got almost a full retrace on the Russell and that led us to get aggressive in our Member Chat on Friday and pick up 40 TZA (ultra-short Russell mentioned in Friday morning's post) Oct $23 calls for our Short-Term Portfolio at an average of .625.  Those can put up some extremely nice gains if the markets pull back again as those calls were $2.30 on
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PhilStockWorld September Trade Review – The Wild Ride Continues (Part 1)

What a wild month!  

Things went so crazy at the end of September that it's already October 13th and I'm just getting to the September review.  Our August Review (Part 2) was done on 9/22 but part one but Part 1 of August was completed on September 1st, when the market was at the low of this cycle.  We called the August action almost perfectly and, out of 106 trade ideas for the month, 86 (81%) were winners – an incredible percentage I don't expect we repeated in crazy September.  

We don't track our virtual portfolio trades in these reviews – this is for all the trades we don't track – which is most of them – as it simply wouldn't be practical to track every trade idea (which are highlighted daily in our Member Chat Room) we have for you at PSW!  Of coruse, this is an arbitrary point in time and some trades could have had better (or worse) exits in between – we're not doing this to keep score, just to get an idea of what worked and what didn't in the past month so, hopefully, we can make better decisions this month.   

We left off on Friday, August 23rd and we were still bearish.  It's a good thing, too as it turns out we dropped like a rock the next week!  My note in the Friday morning post oulined our attitude into the weekend as I said: "If the news-flow changes (and it hasn't as of our morning review), we'll be thrilled to get more bullish but, at the moment – I'm sorry to have to keep being negative."  We were looking to complete our 5% Rule™ pullbacks before there was a turn and we'd already begun to do a little bottom-fishing – but let's not get ahead of ourselves! 

Aug 26:  Monday Market Momentum – Still Down 

The Dow couldn't even put a good day together on Friday and finished off it's third down week in a row failing to take back the 200 dma at 15,100 while the S&P tested theirs at 1,635 with AAPL and MSFT giving the S&P and Nasdaq most of


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Flip Floppin’ Friday – Hope Springs Eternal – For Now

Wow, what a rally! 

An entire week of losses erased in a single day.  Things must be going fantastically – I don't even need to check the news – if the charts look good, then I'm going to buy stuff for lots more money than it was on Wednesday in the hopes that it goes back to where it was last month, for two weeks, before it fell…  

Hmmm, on second thought, maybe that's not such a good buying premise?  Oil blasted all the way back from $101.16 to $103.50 and that's why we were using TIGHT STOPS (see yesterday's post for details) and this morning we're right back to $101.61 again and we're doing the same play as we did yesterday.  This isn't complicated folks – we do it every month!  

USO and SCO gave people who missed them great re-entries and we stuck with those, of course, in our STP because the oil "rally" was clearly BS, with no underlying fundamentals driving the gain.  Of course, the same can be said about the broader market rally and we did, in fact, take a very aggressive short using TZA (ultra-short Russell) into the weekend (20 Oct $23 calls at .65 for $1,300) after our first stab at the weekly $23s didn't work out.   We're still looking for a rejection at 1,070, we'll just have to wait a bit for the rest of the market to wise up.  

NYMOThere was lots of news and quoting Jefferson back and forth and discussing Quantum Theory and how it affects the stock market in our Member Chat this morning – make sure you check that out if you you want to get caught up on the Universe.  

At the moment, I'm more concerned by Dave Fry's McClellan Oscillator Chart on the left, which shows you that we worked off our oversold condition (that led us to make bullish adjustments on Wednesday) in just one day.  That leads us to thing we can get overbought very quickly as well so we re-covered our naked TSLA longs but we remained bullish on our NFLX long because we hedged those anyway.  

We also got jammed up like…
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Thrilling Thursday – Deal or No Deal?

138593 600 US held hostage cartoonsRepublicans are coming to the White House!  

European markets are treating this like it's a good thing, with thier markets popping 1.5% this morning.  

Our own Futures are up about 1% and, fortunately, we already made some bullish adjustments as I had interpreted yesterday's Fed Minutes as bullish in Our Member Chat (also tweeted out in the afternoon), which led us to cash out some of our bearish winners (TSLA, NFLX).  

We did, however, keep our oil shorts as it looks to me like $101.50 will break after that horrific inventory report that netted a 10 MILLION BARREL BUILD!  As you can see from this Bespoke Chart, a build like this is almost unprecedented, representing 1.5 days of imports at our currently, ridiculously low rate of imports.  

The failure of the NYMEX Trading Cartel to be able to cut off enough of our supply of crude to offset the profound drop in demand is making it very hard to maintain the charade of the artificial shortage of oil.  Like a house of cards – as that narrative begins to crumble – so will the price of oil:

Although they are making good progress, there are still 222,000 FAKE orders for 222,000,000 barrels of oil that, as very obviously illustrated by yesterday's build, no one ACTUALLY wants to have delivered in November.  So  the traders must roll those contracts to December – so they can pretend there is demand there but, there's a problem – December is already stuffed with 322M barrels worth of FAKE orders.  

At the moment, only contracts for January and February of next year are fetching over $100 as this glut of oil shows no signs of abating (and gets worse with every electric car sold and every solar panel installed) and, if you can wait to have your 42-gallon drums of oil delivered until December of 2015, $87.47 is the going rate and, if you believe people will still be using oil at all in 2020 – $79.96 seems like a reasonable price and 779,000 barrels are on order already.  Surely if you believe oil will go over $102 again
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Wednesday – We’re Yellen Like Magellan

Looks like Janet Yellen will be the next Fed Chair.

Meet the new boss, same as the old boss (well, maybe a bit more balls than Bernanke has).  I love the timing, does the GOP have the energy to fight this nomination while keeping the Government shut down?  This is going to be a toughie.  

Today is a bounce day for the market but, as you can see from the Big Chart, Republican idiocy is taking it's toll with a MASSIVE drop in the Nasdaq yesterday as well as the Russell which, fortunately, was exactly what we told you to play for on Friday, with the TZA Nov $22/25 bull call spread at $1 along with the SPY Nov $163 puts at $2.  

As of yesterday's close, the TZA spread was already $1.35 (up 35%) and the SPY puts hit $3 (up 50%).  That's pretty good leveraged protection against a 3.2% drop in the RUT (11:1) & a 1.5% drop in the S&P (33:1).  Having good risk/reward profiles and strong upside leverage is the key to good hedge selection (see early morning Member Chat for more conversation on this topic).  

SPY DAILYAs far as the Big Chart, my comment from morning Member Chat was:

Big Chart – Holy Cow, that thing looks ugly!  We'll see what kind of bounce we get today – of course the Dow won't go below previous low without some sort of bounce and it's going to be an easy line to watch (14,750).  Nas has to hold that 50 dma, as does the RUT and those are the technicals into the Fed Minutes (2pm). 

Dave Fry's SPY chart shows us support here, at the 100 dma but we already passed below 5% Rule™ support at 1,670 (also as foretold last Friday) and that means we now have to take back Dow 14,950, S&P 1,670, Nas 3,740, NYSE 9,500 and Russell 1,063 before we're even ready to discuss whether any bounce we get today is anything more than WEAK.  Speaking of weak, our 3-year note auction yesterday SUCKED and we have $21Bn worth
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Don’t Gamble With Your Investments – BE THE HOUSE!

Don't gamble with investments!

One of our major themes at Philstockworld is teaching our Members to BE THE HOUSE – to get on the right side of any transaction and become SELLERS of risk, not buyers of it.  Selling risk premium against stock and option positions allows you to take advantage of the only sure thing in the stock market – ALL premium erodes over time.  Whether the stock you are betting on goes up or down – the risk premium always ends up at zero on expiration day.  

Knowing and UNDERSTANDING this one simple fact gives you a tremendous market advantage over time and that's why Option Monster's John Najarian and I have chosen it to be the topic of our FREE SEMINAR ON TUESDAY.  Use the link to sign up now and we'll tell you much, much more this Tuesday at 6pm EST (5pm Central).  

Speaking of casinos, there are still some seats available for our LIVE, 2-Day Seminar in Las Vegas on November 10th and 11th that we'll be presenting along with Market Tamer – another one of our education partners.  I believe Caesar's rooms are sold out but we still have fantastic rates at Ballys – use the booking code Bally's booking code SBPHI3 (800 358-8777) and mention our conference and Saturday rates are just $125 with $55 on Sunday (other nights available as well).  

We have several trade ideas for our Members that are all well on their way to paying for the seminar, and even the entire trip to Vegas (First Class!) on our bigger trades, using CZR, which has been on a wild ride and will continue to be so at least until the 17th, when they plan a $1.8Bn stock sale of a spin-off Caesars Growth Partners, which will handle the on-line gaming and two casinos in exchange for $1.18Bn kicked back to the parent company (who still control the new Co., of course).  

Tune in to our seminar and we'll discuss those trades, as well as others ways to be the house and let someone else fund your trip to Vegas while you put time and market tides work for you! 

 





Testy Tuesday – One Step Closer to Disaster

 photo post-26206-Yosemite-Sam-keeps-crossing-Bu-vFRB_zps95cf68f2.gifDay 8 of the Economy Held Hostage.  

The bickering continues but a Washington Post/ABC poll released Monday found that while the public's ratings for the President and both parties in Congress remain very negative, disapproval of Republicans has grown in the past week with 70% of Americans now disapproving of how Republicans in Congress are handling budget negotiations, up from 63% last week.  That's up 10% (of 63%) in a week, so we're just a few weeks away from 100% of the country being sick of these guys.  

A Pew Research poll also released Monday found that 38 percent of Americans blame Republicans more for the shutdown, while 30 percent blame Obama, and 19 percent blame both sides.  A third poll by CNN/ORC found that majorities of Americans are angry at everyone involved with the shutdown: Sixty-three percent say they're angry at Republicans, 57 percent say they're angry at Democrats, and 53 percent say they're angry at Obama.

138539 600 Halloween Costumes cartoonsFew Americans on either side of the aisle, however, want to see their party compromise. In the Pew Research poll, 77 percent of Republicans, but just 18 percent of Democrats, said that Obama should agree to a deal that includes changes to his health care law. In contrast, 75 percent of Democrats and only 14 percent of Republicans said that GOP lawmakers should agree to a deal that makes no changes to the health care law.

Meanwhile, all this bickering is quietly pushing our market indexes off a cliff with the Dow already failing the 50 dma at 15,200 and heading down to test the 200 dma at 14,800 (sorry, news from the Future again).  The S&P is riding it's 50 dma at 1,680 but failed it into yesterday's close while the NYSE stopped just above the 9,575 line it needs to hold.  This is, of course, no surprise to any of us devotees of the 5% Rule™, as we cashed out at the top but now we're in the zone (down 5%) where we can't be too sure which way things will go:

We're still a bit over the low re-tests we're looking for at  Dow 14,950, S&P…
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Monday Market Meltdown

What a World, what a World! 

Sometimes, all it takes to end a wicked bull run in the markets is a nice, cold splash of reality and what can be more real than the idiocy of the US Government?  This is  a country where almost 25% of the World's GDP takes place!  When you are pushing historically high forward market multiples, like our current indexes are - you have to BELIEVE things are going to go smoothly in the future – or, in the very least - not get worse.  

Clearly we are already worse and getting "worser" as the the GOP dug in this weekend and came up with a new set of demands with House Speaker John Boehner saying he wouldn't bring up bills to fully reopen the government or raise the debt limit unless Democrats agree to broader talks aimed at trimming the deficit.  "And your little dog too!" said Boehner as he cackled and flew away on his broomstick, leaving 800,000 Emerald City employees without pay for another week (but NOT, technically, unemployed) while millions people in the land of Oz suffer as vital Government Services contine to be withheld.

Isn't that some fantastic doublespeak?  Stephanopoulos (2:34) says to Bohener that Harry Reid is happy to sit down and have a discussion, but not under the threat of a Government shut-down and Boehner (and you can see how excited he gets to have an opening to jam in his zinger) goes: "So, it's my way or the highway, that's what he's saying."  Said the man who is holding the United States hostage for not meeting his party's extra-legal demands.  WHAT A JOKE!  WHAT A JOKER!!!  HOW FRIGGIN' SAD…

138468 600 No Mail Shutdown cartoonsUnfortunately for the GOP, Ronald Reagan taught us how to deal with hostage takers – and they aren't going to like the end game one bit.  Sure, we can expect to have 40 years of bitterness and hatred and certainly there will be many more acts of economic terrorism to come from the GOP, but clearly they cannot be reasoned with and they must be stopped now – none of this wishy, washy negotiating and placating that Carter is so reviled for (by the…
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Don’t Gamble With Your Investments – Be the House!

Don't gamble with investments!

One of our major themes at Philstockworld is teaching our Members to BE THE HOUSE – to get on the right side of any transaction and become SELLERS of risk, not buyers of it.  Selling risk premium against stock and option positions allows you to take advantage of the only sure thing in the stock market – ALL premium erodes over time.  Whether the stock you are betting on goes up or down – the risk premium always ends up at zero on expiration day.  

Knowing and UNDERSTANTING this one simple fact gives you a tremendous market advantage over time and that's why Option Monster's John Najarian and I have chosen it to be the topic of our FREE SEMINAR ON TUESDAY.  Use the link to sign up now and we'll tell you much, much more this Tuesday at 6pm EST (5pm Central).  

Speaking of casinos, there are still some seats available for our LIVE, 2-Day Seminar in Las Vegas on November 10th and 11th that we'll be presenting along with Market Tamer – another one of our education partners.  I believe Caesar's rooms are sold out but we still have fantastic rates at Ballys – use the booking code Bally's booking code SBPHI3 (800 358-8777) and mention our conference and Saturday rates are just $125 with $55 on Sunday (other nights available as well).  

We have several trade ideas for our Members that are all well on their way to paying for the seminar, and even the entire trip to Vegas (First Class!) on our bigger trades, using CZR, which has been on a wild ride and will continue to be so at least until the 17th, when they plan a $1.8Bn stock sale of a spin-off Caesars Growth Partners, which will handle the on-line gaming and two casinos in exchange for $1.18Bn kicked back to the parent company (who still control the new Co., of course).  

Tune in to our seminar and we'll discuss those trades, as well as others ways to be the house and let someone else fund your trip to Vegas while you put time and market tides work for you! 

 





 
 
 

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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Zero Hedge

Housing Bubble Pop 2.0: Remodeling Collapses To 1 Year Low

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

On the way up, every sell-side strategist points to remodeling as a leading indicator for the housing recovery as confidence in the value of their home prompts real people to "invest" in upgrades and remodel their homes. That has been the story... until now. As NARI reports, the Remodeling Business Pulse (RBP) data of current and future remodeling business conditions show current condition ratings fell significantly in March - in fact they fell from multi-year highs to one-year lows as "homeowners remain slow to make the decision to move ahead with higher-priced projects."...



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Phil's Favorites

Cost Of "Breakfast In America" Soars To Highest In Over 2 Years

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Another day, another indication that 'real' inflation - the kind that reduces standards of living and leeches away purchasing power for 'real' people - is anything but under control... and anything but stable.

With the Oz-ians in the Eccles Building pulling levers to run the world based on their "inflation" measures, it seems that if the price of 'things that matter' soars but the Fed doesn't see them, there is no need to tighten. Last week we discussed the surge in the price of beef, ...



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Chart School

Dead-Cat Bounce Over for the Housing Market?

Courtesy of Doug Short.

Advisor Perspectives welcomes guest contributions. The views presented here do not necessarily represent those of Advisor Perspectives.

I have been saying this for a while: You can't have a housing recovery unless actual home buyers are involved.

We are very far away from seeing the housing market reach its 2005 highs ... and as time passes, it becomes clearer that this generation may never see them again.

How can I say that?

What we have seen in the housing market since then, but mostly since 2012, in my opinion, is nothing more than a dead-cat bounce scenario -- an increase in prices after a massive decline. The chart below shows how far off we are from the housing prices of 2005.


Chart courtesy of www.StockCharts.com

One of the key indicators I follow in ...



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Insider Scoop

GM Said It Has Shipped Thousands of Replacement Ignition Switches

Courtesy of Benzinga.

General Motors on Wednesday said it has shipped "thousands" of kits needed to repair the defective ignition switches linked to at least 13 deaths.

Partner content partner content url:  http://www.foxbusiness.com/industries/2014/04/23/gm-said-it-has-shipped-thousands-replacement-ignition-switches/?cmpid=prn_benz

The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

...

http://www.insidercow.com/ more from Insider

Market Shadows

Soy Numero Uno

Soy Numero Uno

By Paul Price of Market Shadows

Bunge Limited (BG) is the world’s largest processor of soybeans. It is also a major producer of vegetable oils, fertilizer, sugar and bioenergy.

When commodities got hot in 2007-08, Bunge’s EPS shot up and the stock followed, rising 185% in 19 months.

The Great Recession took its toll on operations, dropping EPS to a low of $2.22 in 2009.  Since then profits have recovered.  They ranged from $4.62 - $5.90 in the latest three years. 2014 appears poised for a large increase. Consensus views from multiple sources see BG earning $7.04 - $7.10 this year and then $7.83 - $7.94 in 2015.

...



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Option Review

Casino Stocks LVS, WYNN On The Run Ahead of Earnings

Shares in Las Vegas Sands Corp. (Ticker: LVS) are up sharply today, gaining as much as 5.7% to touch $80.12 and the highest level since April 4th, mirroring gains in shares of resort casino operator Wynn Resorts Ltd. (Ticker: WYNN). The move in Wynn shares appears, at least in part, to follow a big increase in target price from analysts at CLSA who upped their target on the ‘buy’ rated stock to $350 from $250 a share. CLSA also has a ‘buy’ rating on Las Vegas Sands with a $100 price target according to a note from reporter, Janet Freund, on Bloomberg. Both companies are scheduled to report first-quarter earnings after the closing bell on Thursday.

...

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Sabrient

What the Market Wants: Market Poised to Head Higher: 3 Stocks to Consider

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

Courtesy of David Brown, Sabrient Systems and Gradient Analytics

Yesterday, the market continued its winning ways for the fifth consecutive day.  The S&P 500 closed within 1% of its all-time high, and the DJI was even closer to its all-time high.  Healthcare, Energy and Technology led the sectors while Financials, Telecom, and Utilities finished slightly in the red.  All three sectors in the red are typically flight-to-safety stocks, so despite lower than average volume, the market appears poised to make new highs.

Mid-cap Growth led the style/caps last week, up 2.87%, and Small-cap Growth trailed, up 2.22%. This week will bring well over 100 S&P 500 stocks reporting their March quarter earn...



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OpTrader

Swing trading portfolio - Week of April 21st, 2014

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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Stock World Weekly

Stock World Weekly

Newsletter writers are available to chat with Members regarding topics presented in SWW, comments are found below each post.

Here's this week's Stock World Weekly. Click here and sign in with your PSW user name and password, or sign up for a free trial.

...

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Digital Currencies

Facebook Takes Life Seriously and Moves To Create Its Own Virtual Currency, Increases UltraCoin Valuation Significantly

Courtesy of ZeroHedge. View original post here.

Submitted by Reggie Middleton.

The Financial Times reports:

[Facebook] The social network is only weeks away from obtaining regulatory approval in Ireland for a service that would allow its users to store money on Facebook and use it to pay and exchange money with others, according to several people involved in the process. 

The authorisation from Ireland’s central bank to become an “e-money” institution would allow ...



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Promotions

See Live Demo Of This Google-Like Trade Algorithm

I just wanted to be sure you saw this.  There’s a ‘live’ training webinar this Thursday, March 27th at Noon or 9:00 pm ET.

If GOOGLE, the NSA, and Steve Jobs all got together in a room with the task of building a tremendously accurate trading algorithm… it wouldn’t just be any ordinary system… it’d be the greatest trading algorithm in the world.

Well, I hate to break it to you though… they never got around to building it, but my friends at Market Tamer did.

Follow this link to register for their training webinar where they’ll demonstrate the tested and proven Algorithm powered by the same technological principles that have made GOOGLE the #1 search engine on the planet!

And get this…had you done nothing b...



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Pharmboy

Here We Go Again - Pharma & Biotechs 2014

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

Ladies and Gentlemen, hobos and tramps,
Cross-eyed mosquitoes, and Bow-legged ants,
I come before you, To stand behind you,
To tell you something, I know nothing about.

And so the circus begins in Union Square, San Francisco for this weeks JP Morgan Healthcare Conference.  Will the momentum from 2013, which carried the S&P Spider Biotech ETF to all time highs, carry on in 2014?  The Biotech ETF beat the S&P by better than 3 points.

As I noted in my previous post, Biotechs Galore - IPOs and More, biotechs were rushing to IPOs so that venture capitalists could unwind their holdings (funds are usually 5-7 years), as well as take advantage of the opportune moment...



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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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