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Phil's Newsletter

Non-Farm Friday – To Work or Not to Work, That is the Economic Question

We're waiting on the Jobs Report.  

I don't think it's going to matter, whether or not we employed more or less than the expected 200,000 new people in December doesn't matter as much as what we had to pay them.  Hourly earnings are, so far, up 0.2% for the year and the average work-week for "employed" people is 34.5 hours and that's GOOD news for Corporation, who are spending 15% less per worker than they did in 2005.  

Now, you may wonder how the workers feel about that but, if you do, then you are some kind of LIBERAL and you have to leave right now because this is a stock newsletter and we should care no more about the feeling of labor as we do about the feelings of a barrel of oil – the second biggest cost for our beloved Corporate Masters.  

Of course, there are some Corporations that do own oil, and they do care about the price of each and every barrel they own, but there are no Corporations who own people (not legally, anyway) - so f*ck them, right?  

Our current trickle down economic policy guarantees us a steady supply of cheap labor.  Labor costs were, in fact, rising in 2007 but "accidentally" wrecking the economy wiped out over 9M jobs and, at an average of 100,000 jobs a month added since Obama took over in Jan, 2009, we've now added back 5M of them – leaving plenty of people still scrambling for work – so many, in fact, that Congress wisely decided that they are just lazy and cut off their unemployment benefits.  

And, the best part is, we've replaced all those nasty high-paying jobs with cool low-paying jobs – leading to record corporate proifts – Yay Capitalism!!!

8:30 Update:  And here's the number - just 74,000 jobs added, a 63% miss from what Economorons were estimating and the lowest positive figure since 1978.  Will that tank the market?  Hardly – because it means the Fed will have an excuse to give us MORE FREE MONEY!!!  Again, we're buying stocks, we're capitalists, we don't give a crap if 126,000 people…
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Thursday Thrust – Futures Pop Back to Highs BUT We Smell Last Gasp

That's it, I'm officially the last bear in America.  

Well, according to the AAII Bull-Bear Sentiment Survey, anyway.  In the entire 23-year history of this survey, there have never been more bulls or less bears and, as you can see from the ratio, it won't be long now before they track me down and shoot me – well, that's what it feels like to be bearish in this market.  

I guess the people at Macy's are crazy too, they are closing 5 stores and laying off 2,500 people in the middle of the greatest bull market (sentiment-wise) in history.  It won't hurt their stock, of course, which is up 30% from last year (along with the rest of the market) and, in fact, BMO Capital just gave them an upgrade because firing people is what American Corporations are all about these days.  

We're still short in our Short-Term Portfolio, and painfully so at the moment but we ARE playing the technicals and we need to see the S&P confirm with a move over 1,840 and then 1,850 to match up with Dow 16,500, Nas 4,175, NYSE 10,400 and Russell 1,070 – as which point we are HAPPY to make more bullish plays. 

Meanwhile, our last set of bullish plays is doing just fine.  Aside from our 3 Trade Ideas for 2014, which were all bullish, we had our last 5 Bullish Trade Ideas on December 17th which followed up on November 25th's 5 MORE Trades That Can Make 500% in a Rising Market.  

Needless to say (obvious from the chart), all of those trades are doing fabulously, even our ABXs have finally come on strong.  The ten trade ideas from those two posts (and you can get trade ideas like this delivered to you daily with a PSW Subscription) were:

  • 10 QQQ March $83/88 bull call spread at $2.18 ($2,180), selling 1 AAPL 2015 $450 puts for

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Will We Hold It Wednesday – S&P 1,825 Edition

INDU WEEKLY1,825 or bust!  

That's the deal today as we wait for the Fed minutes at 2pm.  We already had the Fed statement back on December 17th, when the Fed announced a very light version of tapering along with a promise to keep rates near zero for at least another year.  

That sent the Dow flying from 15,750 back to 16,500 (4.5%) and a 750-point run gives us the expectation of a 150 point retrace (20% – weak) to 16,350 or a 300-point retrace (40% – strong) back to 16,200 and, so far, 16,350 has held and that's a bullish sign for the Dow.  

BUT, it's held on ridiculously low volume (see Dave Fry's chart) so it don't mean a thing until we see a proper test and it's hard to imagine what the Fed can say that would be worth adding to the 5% pop that's already been baked into these minutes – so I made the call to short the Dow Futures at 16,450 (/YM) this morning in our Member Chat Room.  

During yesterday's Member Chat, we caught a nice move on the Russell.  Aside from our usual Futures short (/TF) we looked at the option combo of buying the Jan $17 calls for .52 and selling the Jan $17 puts for .47 for a net entry of 0.05.  That was at 11am and, by the time we were doing our weekly Webinar, at 2pm, that combo was at 0.25, up 400% in two hours.  This is why we don't mind being mainly in CASH – you can make a Hell of a lot of money in this market by just deploying small amounts of your sidelined capital.  

UUP WEEKLYAlso, keep in mind that CASH has gained 1.5% since we went to it over the holidays – that's something investors often lose sight of – cash is also an asset class that, sometimes, we want to get into when it's cheap.  We had a situation where stocks were expensive-looking and cash was cheap, so we traded our stocks for cash – a very simple plan.  

Brokers don't like you to be in cash because cash is the…
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Trending Tuesday – Still Going Up?

It's only a little pullback – so far.  

As you can see from Doug Short's S&P chart, we're having a modest pullback on increasing volume as things return to "normal" following the holidays.  You can see why we elected to sit out the past two weeks – already the gains have reversed and we're right back to where we were just before Christmas, where we took the opportunity to get to CASH!!!

We've deployed that cash in a very profitable fashion with some great short-term plays, including last Thursday's short on oil.  In yesterday's morning Alert to Members, which I also tweeted out at 7:30 am, my trade idea to short oil at $94.50 yeilded a nice $1,250 gain on the day as oil bottomed out at $93.20 with a stop out at $93.25.  Those Alerts are usually sent out to our Voyeur and higher subscription levels.  Though, for all of our Trade Alerts, you need a Premium Membership, of course.  

Once the markets opened, my first idea for a Futures trade in Member Chat was shorting the Russell (/TF) at 1,160 and the Dow (/YM) at 16,450.  The Russell fell to 1,142 for a $1,800 per contract gain and the Dow hit 16,340, up $550 per contract.  When you can make quick moves like that off a cash position, what's the rush to get "back into" the market?  

We haven't re-opened our USO short or SCO long positions as we're hoping for a run back to $95 on oil inventories (tomorrow, 10:30) where we can make a contrary play BUT, if oil hits $94.50 and fails again, we will take that short with tight stops.  Meanwhile, the absense of short-term shorts leaves us long-term long with our Dec 2019 contract hedges - so let's hear it for the manipulators today!  

IYT WEEKLYDave Fry's Transport chart shows us a little break-down in that sector, despite FDX's $2Bn share buy-back announcement.  Dow theorists watch the Transports carefully, so we should too but part of this may be attributable to the storm conditions in the Northeast – so we're not going to read too much into it until/unless next week continues the trend
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Monday Musings – It’s Still the Economy, Stupid

89% of Republicans and Democrats agree on one thing!

That thing is that the economy is the number one issue facing our nation. Just like it was when Clinton said it in 1992, when he first used the phrase in campaign to unseat Bush the 1st, it has been in 2004, 2008, 2010 and 2013 – the economy matters more, followed closely by Unemployment as a bi-lateral concern

Presumably, from the way the stock martet behaved in 2013 – going up about 30% in a single year (as opposed to the 5 years it usually takes to gain that much), the economy must be booming – so why all the concern?  Well, the simple answer to that is that the economy isn't benefitting the bottom 90% very much – from their point of view, things have not gotten much better at all.  Not only that, but now we've cut off the Unemployment Insurance to 1.3M already struggling Americans.  

Tax Credits Framework ChartAs I noted in our Member Chat Room this morning:

As I said about that last week, screw those guys (from a top 1% perspective) because they only get about $1,200 a month so 1.3M of those lazy bastards losing their benefits is only $1.5Bn a month taken out of consumer spending – not a big effect – unless you happen to be one of those losers, then it's a life-changing effect but, hey, by the end of the year we save $18Bn, that's enough to paint an aircraft carrier – with the blood of those 1.3M of the families we're supposedly protecting…

Wall Street seems to have had a much better recovery than Main Street. Asset prices have responded vigorously while real wages have been squeezed. Inequality has been widening (see Free exchange). It is hardly surprising that voters have become discontented, with a surge in support for the populist right in Europe and plenty of partisan bickering in Washington. The combination of an angry electorate and nervous governments may lead to unpredictable policy measures--and an atmosphere that is hardly helpful to either business or investor confidence.

According to Business Insider:…
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Friday Already? 2014 Off to an Exciting Start

USO WEEKLYWheeee, what a ride!  

Those 10 Oil Futures (/CL) contracts I mentioned as a short in yesterday's morning post gained another $23,000 during the day as oil plunged back to $95.50 – not a bad pick for the first post of the year.  We set our stops at $95.80 to lock in gains and we already took our USO puts off the table as they were up 100% and we hate to be too greedy, though we're happy to re-enter them if they get cheap again.  

We still have our SCO (ultra-short oil) plays in place, to take advantage of a proper break-down.  They had a longer time-frame so we chose to leave them active as we feel USO will be well below that $33 line ($92.50 oil) but, as Dave Fry notes in his chart, inventories are today and anything can happen.  

The Nikkei is another Futures play (/NKD) I've been banging the table on, shorting them whenever they go over the 16,300 line and we got the big pay-off yesterday, as the index fell all the way down to 15,900 for a lovely $2,000 per contract gain.  Don't worry if you missed that one, this index is like a yo-yo!

As I reminded you yesterday, when we added 2 more trades for 2014, our big trade idea for 2014 is AAPL and, this morning, Cantor's Brain White agrees with me and makes it his top pick for 2014 as well.  White declares Apple's valuation (just 9x his calendar 2014 EPS estimate exc. cash) "remains depressed," and predicts "new product innovations" will help it return to growth after posting its first EPS declines in a decade. He also expects Apple, which opposes Carl Icahn's buyback proposal but says it's still weighing cash-return options, to return more cash to shareholders in 2014.  

GLD WEEKLYWe were actually hoping AAPL would take more of a dip and give us a cheaper entry, but White may have screwed that up for us by re-ignighting excitement in the stock.  Oh well, there's bound to be other fun things to buy.  CLF, for example, went down a bit yesterday but ABX (also…
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2013+1 – What a Difference a Year Makes and 3 New Trade Ideas to Get Started!

SPY 5 MINUTEHappy New Year!  

We ended 2013 with a bang.  As you can see from Dave Fry's SPY chart, the last hour was all window-dressing but we couldn't quite get to 1,850 on the S&P, closing at 1,848.36 for the year, up 29.1% in 12 months, which was a big 7.5% behind the small-cap leadership of the Russell, which finished the year officially at 1,1656,64, up 36.6% or an average of 3.05% each and every month of the year!

If we take just $100,000 and compound it at a rate of 3.05% per month for 10 years, we get $3.64 MILLION Dollars.  10 years later, it's $132.7M and 10 years after that, we have $4.8Bn so, if you want to be a multi-Billionaire in 30 years, just put $100K into the Russell and go fishing, I suppose.

That's what the Pundits and Financial Advisers are telling you when they say last year was "normal" or that we have a "new paradigm" and it's OK to chase performance, despite the fact that history has shown us, over and over and over again – that it's usually not.  My very simple investing premise for 2014 is to buy the worst performer of 2013, which is gold, which fell 28.2% for the year.  It seems to me that if everyone who has $100,000 today and sticks it into an index fund has $4Bn in 30 years, they might choose to buy something shiny for their spouse down the road.  

As we noted on Tuesday, there are 373M people in the World with more than $100,000 today and they average, if you include the top 29M (the top 0.4%) they average $491,689 each so, by bullish market logic, they should have an average of $23.8Bn each in 30 years and that's $8.87 QUADRILLION or 40 times more money, just for the top 5%, than there is TOTAL in the World today.  

All the Money in the World

So, if the markets are going to continue to go up, I humply submit that there MAY be just a little more inflation on scarce things that rich people like to buy.  Stocks are one of those things, of course and art and, of course, GOLD!  Between now and the time our 3D printers
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Terminal Tuesday – 2013 Comes to an End

INDU WEEKLYWill it be a happy new year? 

Hard to imagine it being happier for the markets than 2013, with the indexes closing at record highs and investor optimism nearing 80% bullish – as good as it's been since October of 1929 – just day's before the crash.  Earnings were also looking great in 1929 and the gap between the top 1% and the bottom 99% had never been greater – until now.  

That's another record we've shattered in this trickle-less rally, wealth disparity is at an all-time high.  The top 10% are partying like it's 1999, and why shouldn't they?  The top 10% control 83% of the country's financial wealth, 50% more than they did in 1929 and the next 10% have 12%, leaving 5% for the bottom 80% to share.  

There's no use complaining about it, these are the conditions we're living in (well, that's what we like to say to the bottom 80% – to keep them from revolting!).  If the prevailing social condition is slavery and the average white plantation owner has 200 slaves, then we should buy stock in the plantations, right?  

That's what we do when we play the markets, there was a brief fad of "social-conscience investment funds" but, of course, they underperformed and no one wanted them and they died a quick death.  There are, in fact, just 29M people in the World who have more than $1M and only another 344M people who have more than $100,000 in assets.  Between them, these 373M people, just 5% of the World's population, control 82.4% of the World's assets.  

That's US and, believe me, you do NOT want to be one of THEM.  You may think you can live fighting with the bottom 90% for your share of the remaining 17.6% but, essentially, it's like permanently moving to Survivor Island – and you've seen that experience break down even the strongest of people.  Even the poorest Americans are typically in the top half of the global wealth dung-heap and the poorest Europeans as well – the rest of the world suffers beneath us all.  

Ken Langone is one…
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Monday Market Musings – End of Year Edition


One pill makes you larger

And one pill makes you small

And the ones that mother gives you

Don't do anything at all

Go ask Alice, when she's ten feet tall – Jefferson Airplane

Things are indeed getting surreal.  

Appropriately, surrealism began in the 1920s, at the time of another great stock market bubble and was marked by representations of illogical scenes, often pasted together using everyday objects in unusual settings.  

As noted by Dave Fry on his NDX chart, who'd have thought we'd be back to those "ridiculous" levels at Nasdaq 4,000 just 13 years after "learning our lesson"?  Of course, the Nasdaq marched on to 5,000 before there was any actual lesson to be learned so we need to swallow our pills and go along for the ride if the Fed is intent on dispensing more psychotropics to keep us all tripping in 2014.  While we're tripping, by the way, we can relax and get our brains washed by the Mainstream Media:

Do you think this is funny?  This isn't funny, folks – this blatant example caught by Conan is, as he says, frightening.  These are the kinds of messages that are placed in the media every day that are aimed at our spouses and our children and our parents – who may be a little more sucsceptible to these Corporate Messages.  Everyon worries about the NSA LISTENING to them but no one ever worries about what's being SAID to us.  This stuff is supposed to be "news"…

The news is nothing more than a script written by the powers that be as we prepare to celebrate New Year's Eve of 1984+30 and, of course, the so-called "Financial Media" is nothing more than a propaganda machine aimed at whipping viewers into a buying frenzy that retailers
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Final Friday of 2013 – No Worries?

1.3M US Citizens get cut off tomorrow

That's right, we're finally pulling the plug on those lazy, unemployed leeches that have been draining $300M a week from us job creators (though, obviously, we didn't create jobs for them!).  That's $15.6Bn a year – enough money to pay for 3 nuclear submarines!  And what's more important to America – feeding 1.3M families (1% of the workforce) the week after Christmas or having 1% more submarines in our fleet?  The choices couldn't be more clear for our Congress!  

This is a real, substantial victory for our Repbulican way of life.  Clearly a lack of jobs is not the fault of the system that has exported over 3M jobs overseas in the last decade alone but a failure of the weak, who didn't work hard enough or pray hard enough to make the cut.  Come on, we all know one of them, the so-called "unemployed," who have been sucking at the Government teat for too long, when all they have to do is get off the couch and go back to work! 


As the great and powerful Ronald Reagan once said: "Unemployment insurance is a pre-paid vacation for freeloaders."  Moderate Republicans urged Boehner and House Majority Leader Eric Cantor (R-Va.) to rescue jobless benefits for the longterm unemployed earlier in December, saying the issue was "important to many American families." But Boehner would only consider the proposal if cuts were made elsewhere and job growth guaranteed, and the measure ultimately did not make it into Sen. Patty Murray (D-Wash.) and Rep. Paul Ryan's (R-Wis.) budget deal. 

"Speaker Boehner and fellow Washington Republicans are hopelessly out-of-touch, and their decision to Scrooge over a million unemployed Americans three days after Christmas is the latest and among the worst examples of it," Jeremy Funk, communications director of Americans United for Change, said. "All these struggling Americans got from the GOP for Christmas was a ‘Get Employed Soon’ card."

Funk warned cuts to jobless benefits for the long-term unemployed would only put more Americans out of work, and bring a chain reaction of economic fallout in 2014.  And, of course, there's nothing
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Phil's Favorites

Japan Trade Deficit Largest in History; Imports Soar, Exports Barely Up In Spite of Collapsed Yen

Courtesy of Mish.

Those who think a collapsing currency are a sure-fire way to increase exports need to rethink their beliefs.

Despite a falling Yen, Japan Posts Largest-Ever Trade Deficit. The gap between the value of Japan’s exports and that of its imports grew by more than two-thirds in the 12 months through March, to Y13.7tn ($134bn), according to government data released on Monday. It was the third consecutive fiscal year of deficits, the longest streak since comparable records began in the 1970s.

Toyota, Hitachi and other large Japanese companies have enjoyed soaring profits as a result of the weaker yen, which has fallen by a fifth against other major currencies since November 2012.

But the improvement has come less fro...

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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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Insider Scoop

Apache Agrees To Sell Western Canada Assets For US$374M

Courtesy of Benzinga.

Apache Corporation (NYSE, Nasdaq: APA) and its subsidiaries today announced an agreement to sell producing oil and gas assets in the Deep Basin area of western Alberta and British Columbia, Canada, for $374 million.

Incremental to Apache's earlier $2 billion share re-purchase announcement, the company plans to use the proceeds of this transaction to buy back Apache common shares under the 30-million-share repurchase program that was authorized by Apache's Board of Directors in 2013.

Apache is selling primarily dry gas-producing properties comprising 622,600 gross acres (328,400 net acres) in the Ojay, Noel and Wapiti areas in Alberta and British Columbia. In the Wapiti area, Apache will retain 100 percent of its working interest in horizons below the Cre... more from Insider


Sector Detector: Rejuvenated market seeks follow-through, but earnings loom large

Courtesy of Sabrient Systems and Gradient Analytics

As I suspected it might, the stock market bounced strongly last week. Weakness the prior week was due in part to traders exiting positions for vacation during the holiday-shortened week, protecting big capital gains, cashing out to pay taxes on capital gains, and “delta hedging” on put options. However, I’m not convinced that the pullback was sufficient to create the great buying opportunity -- but it was sure a tradable bounce.

Among the ten U.S. business sectors, the big winner last week was Energy, which was up about +4.5%. Also, Financial and Industrial were each up about +3%. Defensive sector Utilities still stands alone as the year-to-date leader, up about +11%, while Energy’s strong performance last week has it in second place, up about +5% YTD. Healthcare has been the big loser as i...

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Chart School

What To Do With The Market’s Bounce

Courtesy of David Grandey.

Last week, we said: 

“However, both indexes are at or near MAJOR support levels. That means that we are ‘in the zone’ for a bounce of some sort in the next couple of days.”   And a bounce is exactly what we got:      
But as you can see even with last week’s bounce, we are still locked in a downtrend.   As we look ahead to next week, should we break out of the downtrend to the upside, we’ll want to take advantage of buying stocks doing the same.  And should we remain in a downtrend, we want to short stocks that are also locked in downtrends.    As we’ve said before: Success in the market comes from trading stocks in tandem with the indexes.   
  Should the markets break higher, then FF is an excellent long side candidate:       Here we have a leading stock that like the Nasdaq is in a min...

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Market Shadows

Everything Looks Clearer... in the Rear View Mirror

Everything Looks Clearer… in the Rear View Mirror

By Paul Price of Market Shadows

Brave souls who write about stocks always subject themselves to potential embarrassment if they take a stand on the future movement of their selected company. Including both a price target and a time horizon makes you accountable if things don’t go as predicted.

For that reason many media pundits much prefer to explain what’s already happened rather than sticking their necks out. They would rather justify the (supposed) reason...

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Zero Hedge

Donetsk "Letter To Jews" Found To Be A Forgery

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

In the days before the Geneva "de-escalation" conference (and coincidentally, days after the secret visit of CIA director Brennan to Kiev), the top story across western media was the "undisputed" proof that east-Ukraine, populated by "terrorist separatists", is preparing to unleash a neo-nazi wave against local jews, when a leaflet was unveiled, beckoning the Jewish population to register and declare their assets.

The ...

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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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Option Review

Wild Ride For Chipotle

Shares in Chipotle Mexican Grill Inc. (Ticker: CMG) opened higher on Thursday morning, rising more than 6.0% to $589.00, after the restaurant operator reported better than expected first-quarter sales ahead of the opening bell. But, the stock began to falter just before lunchtime on concerns the burrito-maker will increase menu prices for the first time in three years. The price of Chipotle’s shares have since fallen into negative territory and currently trade down 3.5% on the session at $532.89 as of 1:50 p.m. ET.

Chart – Shares in Chipotle cool by lunchtime


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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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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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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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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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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 >>