Phil/CLK4 – Perfect! Saw the answer 1 min after my post…out with $740 on two contracts. Thanks again for the education.
Phil, I've got to give you props on the ICE spread play. Tremendous call! I jumped in on Friday when you made the recommendation and closed out today. Nice 57% return ($2,300) over a mere 3 trading days! This is why I dig your site!
Phil: Closed out ZION with 49 % gain!
I am an investor, not a trader. The information at Phil's World is top-notch and always relevant. It is great to see your website thriving.
Hi Mr. Phill, I am a Venezuelan lady tormented by our politicall situation, who use to be an emerging market trader, and many other executive positins in the finance "arena" and now is trying to built a new concept and service for asset management for clients on my own, I am in the trial and learning process at the moment, I also invest for some friends and myself. I want to congratulate you , because reading you fill my days with a touch of irony (besides ,of course the spectacular market insight) that happens to give me energy, its a joy the remarks and comments even the pictures used, sometimes I just read it for the fun, I completily agree with your thouhts, though we belong to totally different cultures and enviorements and certanly realities Your readings is like a little hand helping me out to be in the market and fight for my devastated country where every single day we looe inches and yards of liberty. You shoul try to writte a book!
As a retired stockbroker from a major Canadian brokerage firm, I can tell you I would never had access to these type of trade ideas, especially the hedges.
Just closed out a July TZA 40/45 call spread today for a 271% gain in less than a month. I would have normally let that run but yesterday Phil commented to another member something to the effect that "you put down a $1 for a $5 upside, now that you are up 250% you have $2.5 in and you are hoping for a double."
Just closed out a USO July $38 put that Phil suggested yesterday for a 49% one day gain.
Phil, I meant to post over the weekend, but I was busy having fun . Last week was a very nice week for me, and I wanted to thank you for all that you do. I am pretty much back to cash and really feel like I am learning. I have out performed the $5kp by a very large margin. Thanks again for the service you provide.
Have been a member for about 6 months or there abouts. Signed up for a quarter at first and then for a year. To me, and it's only my opinion, it's an investment and I have made the membership fees back many times over on the strategy advice. Since joining and implementing the strategy of buy/writes and hedges I have cut my portfolio losses for the year and have a really good chance of going positive this year. If I would have continued down the road I was on, I would still have been fumbling around without a strategy and completely inept in what I was doing. I feel now the strategy is working and I am far more comfortable with the risks I am taking. I still have a lot to learn but I feel the fees have been one of the best investments I have made. The returns have been fantastic. Still have problems with the politics but hey nobody is perfect
Phil// Cashing out of my LT holdings have been going on for over two weeks. However, I have elected not to cash all of the holdings including my AAPL, Jan 16 Short Puts at $470 and $480. Plus, I am being opportunistic in selectively putting on those positions for beat down stocks by selling 2016 Puts. That said, YTD harvested profits now stand at $135k on a current account balance of $683K or a 19.81% YTD return. Thanks for your expertise in teaching me how to be patient, be the banker, but also not being greedy, cashing out and harvesting profits.
Phil/CL-that play made a quick $500 per contract! Took all of 10 minutes! I want to thank you for helping me not just learn a bit about trading, but giving me some confidence and most of all a rewarding "hobby" to look forward to each day. I have had a few mistakes and losses along the way, but I have had some great wins too and I am now consistently making money trading futures and have even learned to go to sleep while holding a losing position knowing that tomorrow is always another opportunity to win again. So thanks again for your help and patience along the way.
I did the same thing via your logic (sold puts that is). I glanced one time and they were already up 15% which is considered a good return for an overnight hold in most circles. This is PSW though and to us it's just another day…
Phil — gotta thank you for your advice this week, and especially today. I took many aspects of your advice this morning, with all of my shorts -- being prepared on the short side, selling into intial excitement, taking the money and running, not being greedy. I also made money on the your /QM and /YM calls. It used to be I would be terrified of weeks like this one. Now, it feels somewhat comfortable, for want of a better word.
Phil: well, often you say, just for FUN, great comment, TXS,
closed 2 SKF positions, one with 10 % , the other with 6 % gain,
Phil, I followed your investing ideas in LTP quite closely. It seems your insightful fundamental analysis knowledge serves you v. well. I get entertained and they are profitable.
Phil, did you by chance publish the weekly webinar on Youtube yet? I have been watching these and they are awesome. Unfortunately, I can't cut out of work to attend live webinars. Again, they are just awesome content – thank you.
Well that was a fun day. Cashed out my GS 140 calls for about 35% profit and my AAPL calls for 38% gain. Not bad for 40 minutes of work. Back to 85% cash.
Phil/ et al- Thanks for the answers to my spread questions last night, as I really needed that little piece of knowledge to crystallize my understanding of spreads. Your help is much appreciated and I have been doing really well for the last couple of months with fewer and fewer missteps as I embrace the PSW ways and watching my portfolios grow.
I read with great interest your statement the other day that the DX is unlikely to break 76 or there will be great hell to pay, torrential amounts of tears shed, and gnashing of dentures all over the world. Well. I have had several short DX contracts in the $78ish range during the last month and upon your two statements 1) don't be greedy, and 2) 76 could be a bottom, I yesterday put a buy GTC order to close my positions at 76 and for some inexplicable reason the DX spiked down after the close and now I can safely say that once again you have confirmed for me that you have been one of the best investment services I have yet to come across. Almost to the point that I'm beginning to think that maybe I'm completely wrong about my political stance as well. Almost. In any event, I wanted you to know that this has been my third execution based on your comments and recommendations that I have followed and this one has also worked to my advantage. My subscription fee has been more than justified for the next year and there's some left over to pay for my stay in Toronto this week, dinner at Joso's in the Yorkville section of town. If I smoked I'd have a Montecristo to salute you. Be well, stay well.
Thanks Phil, for banging the table on getting short and getting to cash. Usually when this happens in the market I am freaking out but I actually made money this week thanks to you. That HOV trade was a great way to re-deploy some of my cash.
I am a Registered Nurse, so is my wife. We work hard to take care of seven kids that are the joy of our lives. The cost for a basic membership is ALOT from our our monthly budget of spending and saving…but well worth it! Phil has allowed me to really ramp up the savings we put away for our children's college funds and our retirement.
I must add yet another paen to Phil's "cash and short" call, as my TZA shorts are past paying for Similac and Pampers and have now covered all doctors and Mt. Sinai hospital bills for young Charlotte, as TZA took the portfolio up 10%.
Happy Thanksgiving Phil and to your family and associates. Also to all of the other fellow citizens of Phil's Stock World. I am particularly happy and thankful that I clicked on your article in Seeking Alpha a number of years ago. That opened the gate to Phil's Stock World and "being the house". My wallet thanks you as does my peace of mind in trading options, stocks and rarely futures. Your liberal views opened up my views—being a boot strapper (pulled myself out of a poor background) I was a CONSERVATIVE—cynical of others who weren't as driven. Now, I am much less so; you have taught me more than how to make money and manage risk. So, again I give thanks to you and the others of PSW!!
Phil, I have to hand it to you. It seemed that you were the only person on the planet that thought stocks falling was still possible. I am glad I listened. About the end of the year I was really beginning to second guess though. Thanks for suggesting taking some profits last Nov. It no longer looks like I missed much.
Phil / TNA – On Monday you put out the TNA BCS 41/47. As I mentioned I work during market hours so on Tuesday morning on my way out the door (premarket) I put in an advanced TOS '1st trigger sequence' order to fill the BCS. I can control the entry using this method vs. the vertical entry that TOS allows for the BCS. I filled the June 41 long call but never filled the 47 short call. I let that ride into today. OMG ..TNA popped 7.5%!… the $3.60 entry is almost a double! Tomorrow will be a OCO bracket to get out of TNA before Ben speaks. I should be able to preserve 85% – 100% on the trade. For the income portfolio plays in my IRA's, doing very well… I do like collecting premium! Well done and thanks!
What a quarter! (AAPL, etc.) "People react; PSW'ers anticipate." Thanks everyone for a vibrant board.
Phil/Eric/Cwan/Matt/Cap/etc.. - I've learned so much from all of you and want to thank you. I'm up 23% this month thanks to all of your advice - Thanks, guys!
Phil - Moved today to send kudos. You're in my top 5 to see/read daily. I do not trade...
but as former econ-finance adjunct faculty near Stanford U. I give you lots of attaboys....
and provide your links to many to spread some understanding of the mess we are in. Best to you and yours,
All I can say is — I understand that the Universe sent me to PSW for a reason. So, I'm listening!! …and studying. Your commentary is literally outstanding. …and your members are impressive as well.
Phil fantastic call on the markets… I owe you BIG…thanks and have a great weekend!
Thanks, after years of blood and blunders, I have reached a significant milestone – I don't lose money. Net net, I rarely have a losing week, market up, market down. And that I owe to you. Balanced positions. More premium sold than bought. Fundamental criteria applied to good companies, not momentum/ news headlines/ stock du jour/ triangle squeezies. But rather earnings, P/E, dividends, competitive position — the boring stuff that takes study, thought,….and patience. You have been a great teacher, and I have embarassed myself repeatedly day with how slowly I learn.
And it's a funny thing – if you don't lose, the gains start to pile up. The arithmetic is cruel to the downside, and becomes a gift in the other direction. And I'm in this for the long run, having made myself unemployable through a need for diversification. Moreover, what I've learned here has also elided into other areas, including real estate and ex-U.S. investment. Pretty cool. Have a great weekend.
We discuss the massive drop in ESPN subscribers this year, and how this relates to those massive NBA Television Broadcasting Deals that were based upon much higher subscriber bases going forward, and how this filters down into larger salary caps for NBA Franchises leading to $20 Million Dollar annual player contracts guaranteed for 5 years.
The math doesn`t add up for this vertically integrated supply chain. Somebody is going to be left holding the bag here and losing a bunch of money over the next decade. These player salaries seem out of whack with the changing dynamics of the skinny bundle, streaming media habits and shrinking subscriber bases.
Many of these television deals may have to be renegotiated on the fly by necessity as the media landscape is changing dramatically underneath the feat of the NBA, Network and Cable television, the Advertising Industry, and NBA Franchises half of which are already losing money under the current NBA structured finance model.
Donatas Motiejunas contract fiasco serves as another example of how in the NBA when it comes to money nobody has a clue what they are doing from a negotiations standpoint. The NBA is one of the poorest run and managed organizations in all of sports, and as we noted before it wouldn`t surprise us if the NBA is bankrupt in 5 to 10 years.
Matteo Renzi resigned as the Italian Prime Minister after the people of Italy voted «no» in a historic referendum on constitutional reform on December 4. The vote results triggered a shock wave across Europe much like Brexit. It’s up to Italian President Sergio Mattarella now to decide what will happen next – an appointment of new prime minister supported by parliamentary majority or a snap election, paving the way for an anti-euro party, the 5-Star Movement, to come to power.
This political force is the biggest winner. The party wants to abandon the EU budget strictures and has said it might favor printing a parallel currency. Another popular party – the Northern League – also opposes the eurozone membership. Actually, the opponents of the reform voted against the EU. An Italian «mini Brexit» becomes a possibility. Both – the 5-Star Movement and the Northern League – call for better relations with Russia. They want the anti-Russia sanctions to be lifted.
The resignation of Mr. Renzi is a heavy blow to the EU already facing multiple crises and struggling to fend off an attack of anti-establishment forces, which are clearly on the rise in Europe. German Chancellor Angela Merkel – the unofficial European leader – is also vulnerable seeking a fourth term in 2017.
Europe is facing a prolonged period of political upheaval, with elections also slated for 2017 in Germany, France the Netherlands and, probably, Italy – all countries where economic anxiety, opposition to the EU and a surge in migration have fed growing support for populist parties. The established order is in retreat everywhere in Europe, except Austria.
Far-right leader Norbert Hofer of the anti-immigration Freedom Party was defeated on December 4 by independent candidate Alexander van der Bellen, a former Greens leader, becoming «a pro-European president of Austria open to the world.» But it was the vote when all Austrian political forces joined together against the Freedom Party’s candidate. It was «all against one» but the result was a close call.
From Moscow’s perspective, any outcome was a step forward to bolster the forces willing to improve the relations between Russia and the EU. Mr. Hofer said he wanted to recognize Crimea as part of Russia. But both candidates stood for the improvement of bilateral relations with Moscow and
Having disappeared from the public scene for almost a month (with the occasional backwood spotting thrown in for dramatic effect), today Hillary Clinton reemerged from a self-imposed social quarantine, and in a exquisitely choreographed Podesta special, addressed the nation from Capitol Hill. What was first and foremost on the mind of person who the “impartial” media declared had a 90% chance of being America’s next president: was it some intense introspection; perhaps it was some idea of how to reform and fix the imploding Democratic party; or maybe it was her finally accepting responsibility for her actions and her loss?
None of the above.
Instead, the one thing that appears to have preoccupied the former Secretary of State is the proliferation of so-called “fake news”, a phenomenon she called an “epidemic.” It was not immediately clear if she also lumped in the Washington Post into that bucket: recall that last night, in an editorial note to the WaPo’s fake, slanderous story about “Russian Propaganda Fake News”, the newspaper distanced itself from its primary source, PropOrNot, itself a source of propaganda, when the WaPo admitted it “does not itself vouch for the validity of PropOrNot’s findings regarding any individual media outlet, nor did the article purport to do so.”
Speaking on Capitol Hill, Clinton said that “the epidemic of malicious fake news and false propaganda that flooded social media over the past year — it’s now clear the so-called fake news can have real-world consequences.” Like, perhaps, poring through thousands of emails which the co=opted and captured mainstream press – especially those who had dinner with John Podesta to offer their PR services to the Clinton campaign – would not touch, revealing the crony and illicit dealings of the Clinton Family foundation, leading to – among other things – Clinton losing the presidency?
One can almost see why Hillary is not a fan of the “fake news.”
While Clinton did not mention “Pizzagate,” her comments appeared to directly reference the story that implicated her former campaign chairman, John Podesta, and lead to a man with an assault rifle firing a shot in Comet Ping Pong, the Washington shop that has been implicated in the online conspiracy theory.
“This is not about politics or partisanship. Lives are at risk, lives of ordinary
Donald Trump has sent his clearest message yet about his plans for reshaping US policy on global warming by choosing a chief environmental regulator who has questioned the science of climate change
But leading experts say the nomination of Scott Pruitt, Oklahoma’s attorney-general as head of the Environmental Protection Agency and the policy he pursues, may have less effect than many imagine on global greenhouse gas emissions.
Analysis by PwC, the financial services firm, shows G20 countries need to reduce their carbon intensity — the amount of carbon dioxide they emit for every dollar of GDP they produce — by an annual average of 3 per cent to meet their Paris agreement targets.
Even if the US abandoned the deal it would have a limited direct impact on the overall G20 effort. If all other countries stayed on track to meet their carbon targets, but the US returned to business as usual, the average annual cut for the G20 as a whole would only fall slightly, from 3 per cent to 2.8 per cent.
That is chiefly because of market developments such as the US shale gas boom that has squeezed out coal, the dirtiest fossil fuel, a situation some think unlikely to change no matter what Mr Trump does.
“The impact on the global emissions projection is pretty small even if the US shelves its Paris target,” said Jonathan Grant, a director of climate and sustainability at PwC.
He emphasised the contribution of market and technological shifts to tackling emissions growth adding “it’s doubtful that can be thrown into reverse by one country”.
As the mainstream media’s desperate attempt to salvage it’s reputation by discrediting “fake news” sources (otherwise known as any media outlet expressing a right-of-center opinion) rages on, Morning Consult has released a new poll ranking the “credibility” of the various print and TV media sources.
The major networks, ABC, CBS and NBC, ranked highest in credibility while the cable news outlets fell further down the list, with MSNBC trailing the pack.
The Wall Street Journal edged out the New York Times as the “most credible” print media source. Meanwhile, the Huffington Post, which literally pledged allegiance to Hillary Clinton, was viewed as credible by 46% of those surveyed proving that the polling data is utterly useless. And, as if that wasn’t enough evidence to prove its irrelevance, the poll also found that 18% of respondents found “The Onion,” which is the only openly “fake news” source on the list, to be credible.
And, like many polls released at the tail end of the 2016 presidential election cycle, the results were drastically split along party lines implying that consolidated results could be heavily manipulated through “oversamples” of various groups based on party affiliation and ethnicity.
Among Republicans, Fox News was viewed as the “most credible” news source while The Onion ranked last. That said, Democrats ranked Fox just above The Onion which they found to be more credible than both Breitbart and Infowars.
Meanwhile, nearly 50% of respondents said that they see “fake news” at least once a day. That said, it’s pretty difficult to lend any credibility to a poll in which 22% of Democrats surveyed view The Onion as a credible news source.
Of course, we assume that the majority of the people surveyed in this poll must have missed the following memo revealed by WikiLeaks and exposing unprecedented coordination between the Hillary campaign and the mainstream media.
They probably also ignored the fact that the guest list included the who’s who of national reporters, many of whom ranked at the very top of the Morning Consult’s poll of the “most credible” media outlets.
But what do we know? We’re just another “fake news” outlet peddling fiction.
Our economy is a mystery to almost everyone, including economists. Let me explain the way I see the situation:
(1) The big thing that pulls the economy forward is the time-shifting nature of debt and debt-like instruments.
If we want any kind of specialization, we need some sort of long-term obligation that will make that specialization worthwhile. If one hunter-gatherer specializes in finding flints that will start fires, that hunter-gatherer needs some sort of guarantee that others, who are finding food, will share some of their food with him, so that the group, as a whole, can prosper. Others, who specialize in gathering firewood, or in childcare, also need some kind of guarantee that their efforts will be rewarded.
At first, these obligations were enforced by social norms such as, “If you don’t follow the rules of the group, we will throw you out.” Gradually, reciprocal obligations became more formalized, and included more time shifting, “If you will work for me, I will pay you at the end of the month.” Or, “If you will pay my transportation costs to a land of more opportunity, I will repay you with 10% of my wages for the first five years.” Or, “I will sell you this piece of land, if you will pay me x amount per month for y years.”
In some cases, the loan (or loan-like agreements) takes the form of stock ownership of an enterprise. In this case, the promise is for future dividends, and the possibility of growth in the value of the stock, in return for the use of funds. Even though we generally refer to one type of loan-like agreement as “equity ownership” and the other as “debt,” they have a great deal of similarity. Funds are being provided to the enterprise, with the expectation of greater return in the future.
As another example, governments make promises for future benefits, such as Social Security, healthcare, and payments to the unemployed. These payments are not guaranteed, so are not considered debt. Even without a guarantee, they act in many ways like debt. Citizens plan their lives around these payments, even though they may be reduced or eliminated.
Surprisingly, even “cash” is debt. It is similar to a bond that pays zero interest and has
While China has been busy de-escalating the recent diplomatic spat with president-elect Donald Trump, with Beijing going so far as to call Trump’s ambassador to China, Terry Brandstad, an “old friend”, in a less diplomatic-context it is busy pushing every bellicose, nationalist button it can find. In a Thursday editorial in Global Times, China said it should “significantly” increase military spending and produce more nuclear weapons as a response to US President-elect Donald Trump,
China should “build more strategic nuclear arms and accelerate the deployment of the DF-41 intercontinental ballistic missile” to protect its interests, should Trump attempt to corner the country in an “unacceptable way”, it said.
China’s long-range DF-41 ICBM
“China’s military spending in 2017 should be augmented significantly,” it added in the print article run in both English and Chinese. While the paper is not part of the official state media, it has close ties to the ruling Communist Party, and is considered the nationalistic affiliate of the People’s Daily. Chinese officials are sometimes thought to use it as a rhetorical hammer, but have also admonished it for its often bombastic language according to the AFP. In any event, what is said there certainly carries if not official weight, then is a distinct warning about what “could happen.”
The editorial follows a Twitter tirade by Trump earlier in the week blasting China’s trade and foreign policies, as well as a protocol-shattering decision to accept a congratulatory phone call from Taiwanese leader Tsai Ing-wen. Beijing regards Taiwan as a rogue province awaiting unification.
In the editorial, the Global Times said: “We need to get better prepared militarily regarding the Taiwan question to ensure that those who advocate Taiwan’s independence will be punished, and take precautions in case of US provocations in the South China Sea.”
As noted above, when Trump selected Iowa Governor Terry Branstad, who has close ties to Chinese President Xi Jinping dating back to the mid-1980s, as ambassador to China, it was welcome news for Beijing which called him an “old friend” after receiving news of his nomination. Nevertheless, the state-owned China Daily newspaper remained pessimistic about the future of relations with the US.
Georgia Secretary of State Brian Kemp is anxiously wondering, as are we, why someone with a Department Of Homeland Security IP address would try to hack into his State’s voter registration database. Even though DHS offered cyber security help to states prior to the election, the Wall Street Journal notes that Georgia was one of the states that specifically denied assistance.
The secretary of state of Georgia is asking the Department of Homeland Security to explain what appears to be an attempted breach of the state’s voter registration database by someone in the federal government.
In a letter to Department of Homeland Security Jeh Johnson dated Thursday, Georgia’s Secretary of State Brian Kemp said the state had discovered an unsuccessful attempt to breach the firewall of state computer systems. That attempt was linked to an IP address associated with DHS, he said.
“At no time has my office agreed to or permitted DHS to conduct penetration testing or security scans of our network,” wrote Mr. Kemp, a Republican. “Moreover, your department has not contacted my office since this unsuccessful incident to alert us of any security event that would require testing or scanning of our network.”
The alleged attempted intrusion by the federal government on a state computer system responsible for election security was detected by a third-party security firm working for the state of Georgia. The attempt was unsuccessful, according to the state. The computers also house information about company incorporations.
According to a letter written by Kemp to DHS Secretary Jeh Johnson, the attempted intrusion occurred 1 week after the election on November 15, 2016 at 8:43AM and came from an IP address associated with DHS (188.8.131.52).
Of course, since the hacking a state’s election database it technically illegal, even for DHS, Kemp had some fairly pointed questions for Johnson on who authorized the scan and how many other states were scanned without authorization.
Meanwhile, the potential hacking followed threats from Jeh Johnson leading up to election day to declare election systems “critical infrastructure” which would have given the federal government more authority over state databases.
With the media attention focused largely on the president-elect’s antics going on in Trump Tower, the lame duck Congress pushes on largely overlooked. Unfortunately that’s when the legislature can be most dangerous.
The bill, called the Restoration of America’s Wire Act, is the latest attempt to prevent American’s from accessing popular games such as online poker. A prior law, the Unlawful Internet Gambling Enforcement Act, made it illegal for financial services companies to process payments used for gambling sites, and led to American online poker players seeing billions of dollars in assets frozen in 2011.
Luckily the UIGEA offered some loopholes. First, it did not explicitly ban gambling for non-sporting events, so in theory Americans could still access online poker sites if they found a way around payment restrictions. Second, since it was a Federal law, it only applied to interstate commerce.
While it’s not surprising that Congress is hard at work trying to find new liberties to take away, it’s fair to ask why is online gambling in the crosshairs now. After all, outside of Jeb Bush coming out in favor of cracking down on fantasy football leagues, it was hardly a noteworthy subject during campaign season. So why are legislators such as Lee, Tom Cotton, Jason Chaffetz, and Lindsey Graham trying to do this now?
Crude oil rose a second day, breaching $51 a barrel in New York before a meeting between OPEC and other major producers on output cuts. Asian stocks fluctuated at the end of their best week since September, while bonds and the Korean won declined.
I have spent the better part of the last 10 years working diligently to investigate and relate information on economics and geopolitical discourse for the liberty movement. However, long before I delved into these subjects my primary interests of study were the human mind and the human “soul” (yes, I’m using a spiritual term).
My fascination with economics and sociopolitical events has always been rooted in the human element. That is to ...
U.S. stock benchmarks jumped the most in a month, powering to fresh records as the bond selloff eased, fueling demand for dividend-yielding equities amid mounting speculation the European Central Bank will extend its asset-buying program.
Most quality rallies in stocks, have historically seen banks come along for the ride. Up until a couple of months ago, Banks had been a disappointment to many, as they had lagged the broad market for the prior 18 months.
Below looks at the Bank Index (BKX) over the past decade and why the Power of the Pattern, feels banks have an important “Breakout Test” in play at this time!
When the Dow Jones moves the media must have an explanation for it. However the insiders have the nod to what is going on.
The media story so far is that since the TRUMP win, managers have been rotating their portfolios to represent TRUMP trends (lower taxes, go easy on the 'too big to fail' Wall Street banks, more jobs for Americans). Prior the election the stock market was set up for a HILLARY win, due to more of the same, status quo, FED support. But....
Using Richard Ney logic, the short answer is, stocks were always going up and the election results do not matter nor would a higher 10 yr bond or lackluster fundamentals. The real story is the marke...
Over at Philstockworld... High Finance for Real People - Fun and Profits...
StJL - "Once again, I think that the middle class voters who turned in great numbers for Trump will soon realize that they voted against their best economic interest. Trump will only be part of the equation – the GOP Congress can't wait to weaken the social safety nets that are so needed by the same people who are so happy today. But too late now I guess" No surprises here as all along we maintained the memory of what happened in 2000. With that fresh in mind, rather than forgotten in the past, we knew that given the indoctrination of the electorate, anything was possible and history keeps repeating itself...
Come join us for the Phil's Stock World's Conference in Las Vegas!
Date: Sunday, Feb 12, 2017 and Monday Feb 13, 2017.
Beginning Time: 8:00 am Sunday morning
Location: Caesar's Palace in Las Vegas
Caesar's has tentatively offered us rooms for $189 on Saturday night and $129 for Sunday night. However, we have to sign the contract ASAP. We need at least 10 people to pay me via Paypal or we may lose the best rate for the rooms. (Once we are guaranteed ten attendees, I will put up instructions to call the hotel for individual rooms.)
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
Last Thursday we reported that in a startling development seeking to breach the privacy veil of users of America's largest bitcoin exchange, the IRS filed court papers seeking a judicial order to serve a so-called “John Doe” summons on the San Francisco-based Bitcoin platform Coinbase.
The government’s request is part of a bitcoin tax-evasion probe, and se...
There is a reason no Berkshire Hathaway investor chides Buffett when the company has a bad quarter. It’s because Buffett has so thoroughly convinced his investors that it’s pointless to try to navigate around 90-day intervals. He’s done that by writing incredibly lucid letters to investors for the last 50 years, communicating in easy-to-understand language at annual meetings, and speaking on TV in ways that someone with no investing experience can grasp.
Yes, Buffett runs an amazing investment company. But he also runs an amazing investor company. One of the most underappreciated part of his s...
Reminder: Pharmboy is available to chat with Members, comments are found below each post.
Epizyme was founded in 2007, and trying to create drugs to treat patient's cancer by focusing on genetically-linked differences between normal and cancer cells. Cancer areas of focus include leukemia, Non-Hodgkin's lymphoma and breast cancer. One of the Epizme cofounders, H. Robert Horvitz, won the Nobel Prize in Medicine in 2002 for "discoveries concerning genetic regulation of organ development and programmed cell death."
Before discussing the drug targets of Epizyme, understanding epigenetics is crucial to comprehend the company's goals.
Genetic components are the DNA sequences that are 'inherited.' Some of these genes are stronger than others in their expression (e.g., eye color). Yet, some genes turn on or off due to external factors (environmental), and it is und...
Note: The material presented in this commentary is provided for
informational purposes only and is based upon information that is
considered to be reliable. However, neither PSW Investments, LLC d/b/a PhilStockWorld (PSW)
nor its affiliates
warrant its completeness, accuracy or adequacy and it should not be relied upon as such. Neither PSW nor its affiliates are responsible for any errors or omissions or for results obtained from the use of this information. Past performance, including the tracking of virtual trades and portfolios for educational purposes, is not necessarily indicative of future results. Neither Phil, Optrader, or anyone related to PSW is a registered financial adviser and they may hold positions in the stocks mentioned, which may change at any time without notice. Do not buy or sell based on anything that is written here, the risk of loss in trading is great.
This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument. Securities or other financial instruments mentioned in this material are not suitable for all investors. Any opinions expressed herein are given in good faith, are subject to change without notice, and are only intended at the moment of their issue as conditions quickly change. The information contained herein does not constitute advice on the tax consequences of making any particular investment decision. This material does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation to you of any particular securities, financial instruments or strategies. Before investing, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.
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