Phil, thanks for the webinar and options subject…I wasn't shown as attending but I was there for most of it. Your memory amazes me, your speed on the computer amazes me, your math skills blow me away. coke
Phil Thank you very much, I appreciate your help and wisdom.
Phil/USO Adjustment~~ Thanks for showing us the make it even (maybe even profitable) tricks for 'fixing' a losing position. I would have never known the trick if you didn't explain it. The option adjustment techniques are very helpful. Trading stocks would probably never offer that kind of flexibilities! Thanks!
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.
Thank you so much for the good daily news in review Phil. I love your commentary! It is such a breath of fresh air in the smog cluttered news networks.
Phil you are great, and not only is your market info spot on but you have the courage to call it like it is and write about it in a great tone.
Phil.... I remember back in March of '09, you stated " Unless you think the country is going to hell in a hand-basket, NOW is the time to do your buying". Do you remember ?
I took your advice, and bought leap $2.00 calls on F, approximately 200,000 shares using the options, for just pennies. Now that was the best Ford I ever owned.... made over $1 mil - thanks go to you Phil. I now drive a Mercedes but still "love" the Ford.
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, You were on the $ today with your calls almost exactly on the turns – Krap kuhn krup (Thai for thank you very much).
On Optrader's section yesterday he was asked how he works with AAPL as an investment. He replied that he just ‘plays with the covers'. I've got a separate portfolio where I use primarily this technique over the past 6 months. Up 60% The principles involved are stock selection, patience, patience, using covers to protect profits, rolling covers to maximize premium return, and exiting when covers are gone and stock price is high. Sometimes it's hard to remember where you learn to do this stuff, but much of it is from integrating principles I've learned here with thing I already knew. Thanks for the help on this, Phil and others.
As a fellow "low-end" investor I like Phil's Buy/Write strategy on solid stocks. Before I came here I loved to try to "figure things out" with very little success "TRYING TO FIGURE THINGS OUT"! I traded too much and fell in love with stocks that "should have done" what they didn't do. Now a majority of my accounts are in Buy/Writes suggested here or cash (waiting for a better time for more Buy/Writes). I use 15-20% of my total holding to short term trade and hedge. This is manageable with my full time job as a business owner. I have found Phil's system a more discipline way to achieve the returns I want without relying on my ability (more like inability to "figure things out").
The best play I made this year was PSW. Will renew my membership tonight. Looking for the same trading profit percentages next year, but will have an advantage from the compounding, and much better skills acquired from you and the many skilled PSW co-pilots. Thanks!
Phil – Not that you dont usually, but you have DEFINITELY earned your money this week. THe recommendations have been PERFECT. Selling into the initial excitement (MULTIPLE TIMES), hedges, everything. Im reading this when I get home from work and want to cry b/c I cant trade at work! I might have to start getting up at 3 AM though to catch those trades bc youre killing it then too! May you and yours have a blessed weekend!
Phil, you are the man. My positions in ABX and CLF are up massively this year, and doing very nicely with USO and UNG. TSR is another winner. Just waiting for the TSLA short now!
Rookie IRA Investor
Phil: Closed out ZION with 49 % gain!
Phil, I don't know if I told you lately but you da man! I'm doing so much better following your guidelines. It's like you actually know what you are talking about. 8-) I've tried a lot of services and none of them are as comprehensive or honest AND successful. I appreciate all youz other guys/gals input as well…learning tons as a relative newbie to this game.
Phil, I have the SRS 2011 $7.50 short puts you recommended awhile back. I sold them for $2.20 and now $1.51 (up 31%) although SRS has been down since inception. This was a nice mellow way to play it like you said, thanks.
I started with $250,000 in cash as of Oct 1 and have realized gains of $81,000 thru close of business. And that's in an IRA with no margin or naked trades. Whenever you are in Argentina or Chile I owe you a drink. I'm looking forward to it.
Great call on expe Phil! Went long 50 shares and sold for a nice profit! And Great call on the nkd shorts as well. I didn't use a stop that tight and was able to cover for a $400 gain. Works been keeping me pretty busy and I'm jealous of all the members who are able to check in here more often! It's almost always quite profitable! Looking forward to Vegas!
Phil is a master at keeping you laughing, as well as making you money. - It is like " laughing all the way to the bank!"
GMCR – Just bought back my Jan $90 callers on GMCR for a nice $10,000 gain. Thanks for the recommendation Phil! It was nice to cash in on a momo.
You called all the trends and market movements with perfection this week. I enjoyed it! Thanks for keeping us sane!
I am struck by several things over the last few days. First is how level-headed we all are as Greece and China develop. Second is how very helpful it is to see the different trading styles we have, partly because of personal preference and partly because of different stages of development and education. It's very helpful. Well-done, Phil, to have developed this community.
Phil - Another excellent teaching article - when you write like that it blows me away. Thank you!
I had the ideas from earlier articles but what I didn't have was enough understanding. The familiarity of ideas through repetition, re-working, revision - over time - the variation, the pulling out of implications - it all contributes to understanding and mostly thats on the student - but a good teacher (worth their weight in gold) makes understanding a pleasure.
I wanted to learn about trading options because it makes my brain feel better - fitter, healthier. Actually mostly it makes me happy to think about the trade and trading options.
You are a good teacher and I know that or I wouldn't value the subscription the way I do. It pays for itself through the pleasure of understanding alone.
Thank you Nantucket. It is hard to be a complete beginner in the market with this complicated, fast moving, and very advanced group. Phil is the Great One, but the membership is absolutely amazing! Had I known this ahead I would probably log in as "awe struck" everyday.
Phil - Rode the /QM down from 99.65 at 7pm and now I'm taking your advice, taking the $$ and going to enjoy a restful night sleep. I don't post often so I want to say thanks for sharing your incredible market acumen with all of us. Your site has a unusually talented group of investors (and some characters) and I enjoy my days trading more because of it.
GLD I took out my callers and rolled down my longs this morning, woo hoo!
Phil… My portfolio, in the past few months, has acheived a high degree of stabilization. I've noticed that on up days, down days, even days, it doesn't matter, my portfolio rarely varies more than 2%. And over the long haul it just slowly increases in value. I attribute this not to investment choices, but to style. Thanks to you and others on this site I'm paying close attention to position size, delta neutrality, downside protection, and concentrating on selling premium rather than buying it. I've developed increasing patience, not having to trade daily, or even weekly. I'm concentrating on the finer points of trading, letting the profits come to me, rather than the other way around. I appreciate the help everyone here has given in getting me focused on this principle. I'm pumped!…in a calm sort of way.
Have not done my 10,000 hours, but a couple of years at PSW, and moved from fishing with a single line to owner of a commercial trawler (metaphorically speaking). Now I fish with many lines. It is amazing when you go over the same information time and time again, eventually it clicks. Like planting trees; being the house, 20% sale items, selling into the excitement. and patience. I just sold an AAPL Jan 12 340/390 BCS financed by the sales of Jan 12 275 Put. The trade was put on one year ago for a net credit and exited five minutes ago for a 49 dollar per contract profit. No point in waiting till opex to see what happens, and I will just sell 10 of those VLO puts to make myself net the round 50.
I no longer worry about opex coming as I have adjusted well in time for most positions that go against me. I still make some howlers (RIMM, TBT, TRGT) but I play the percentages and my winners outdistance my losers by many miles.
I would never be in this position if it were not for Phil. He is a treasure, pure and simple. The goose that lays the golden egg if we care to listen and practice. Phil, a mighty big thank you.
Every time I read Mr. Davis' market analyses and reports about his super profitable trades I feel admiration mixed with envy for the overall brilliance of this man, intellectual and verbal, his extraordinary savvy in the exotic art of options and, last not least, his moral passion with which he writes, even if in passing, about the darker aspects of capitalism.
Gains in consumer staples stocks, health-care companies and tech firms sent U.S. equities higher for a sixth day as the S&P 500 Index, Dow Jones Industrial Average and Russell 2000 Index all closed at records Friday.
Donald Trump’s election has fueled one of the broadest rallies in history as the number of stocks making new highs on the New York Stock Exchange climbed to the highest on a closing basis since May 2013.
Just whom Donald Trump will appoint to various key posts in his future administration has an unbearably enticing set of moving targets for the media (until, as at a recent rally in Cincinnati, dramatic announcements are made at unexpected moments, or released in other ways). And give The Donald credit: if he has a genius for anything, it’s for dominating the news cycle in ways — from his pre-crack-o’-dawn tweets to those rallies — that simply haven’t been seen here before. And be suitably amazed that, as during the election campaign, he continues to have an uncanny knack for flooding the screens of our world with that larger-than-life figure of his dreams, Donald Trump, nearly 24/7. He's the media-made man of our — and his — (endless) moment.
Until each appointment is announced, the speculation goes on endlessly about which billionaire or multimillionaire will be included in the latest round of The Chosen. In some ways, those officially or unofficially being considered, whether appointed or not, offer us a strange window into the future Washington world of Donald Trump. Take, for instance, two oily selections touted recently as possibilities for the man who has committed himself to elevating fossil fuel extraction to a high art. Trump has, after all, already promised to make a future Saudi America independent of oil imports from the actual Saudi Arabia or any other “foe” or member of the “oil cartel,” come — if you’ll excuse a phrase that, in the context of climate change, is all too apt — hell or high water.
In such situations, it undoubtedly makes a certain sense to think about going directly to the trough. If you want someone to oversee the Department of Energy, why not, for example, consider Harold Hamm, the Oklahoma oil tycoon and 60th richest person on the planet, whose fortune, according to Forbes, rose by $1.7 billion to $14.7 billion in the wake of Trump’s election victory? (On the subject of such a possible appointment, Hamm himself has been diffident.) Or if it’s the State Department you’re thinking about and global energy policy is on your mind, why not put aside the thought of frog legs and Mitt Romney for a second and at least consider — as Donald Trump reputedly is doing —…
Earlier today, president Obama started a witch hunt based on Russia hacking claims.
In the second Russia-related story of the day, Yves Smith, author of Naked Capitalism, considers a lawsuit against the Washington Post for an extremely sloppy article on “Fake News”, primarily about Russia that mentioned her website.
The article listed Naked Capitalism, Zero Hedge, and 200 other sites for “spreading fake news”. Included in the list were Counterpunch, the Drudge Report, Truthdig, and Truth-out.
I failed to make the grade and almost feel slighted.
The Washington Post—whose coverage of Watergate four decades ago angered the powers that be, toppled a president, and defined courageous journalism—has unleashed a hornet’s nest of a different sort, one unlikely to earn a Pulitzer Prize.
The story, by Post technology reporter Craig Timberg and published Nov. 24, purported to reveal how “sophisticated” Russian propagandists had spread fake news through hundreds of web sites to destabilize American democracy, thwart Hillary Clinton and elect Donald Trump to the White House.
So far the story—which has attracted millions of page views and more than 14,000 comments—has provoked lawsuit threats from at least two of the web sites, notably the widely respected financial blog Naked Capitalism, which fired off a legal letter demanding a retraction and apology even though the Post story does not specifically mention Naked Capitalism or any of the other allegedly Russian-influenced websites.
“I thought it was completely ridiculous that the Post would put this sorry piece of trash on the front page,” Andrew Cockburn, the Washington editor of Harper’s magazine, told The Daily Beast in a typically vehement slam.
“The ‘Washington Post’ ‘Blacklist’ Story Is Shameful and Disgusting,” was the headline on Rolling Stone writer Matt Taibbi’s takedown.
The critics panned the Post story’s heavy reliance on the judgments of unnamed “researchers” for PropOrNot.com, a shadowy website launched three months ago ostensibly to expose “Russian influence operations targeted at US audiences, distinguish between propaganda and commercial ‘clickbait’, and help identify propaganda and push back.”
Naked Capitalism’s editor “Yves Smith,” the pen name of investment advisor Susan Webber who launched the blog in 2006,
I take issue with Mish on this. First, Lindsey Graham liking Hillary Clinton doesn't prove anything. Secondly, calling to "get rid" of Graham for "pushing for a probe into Russia’s election role" is irresponsible. The idea that a politician can't have legitimate American security concerns because they supported Clinton is seriously flawed. And it seems odd to take a position that the probe is a "witch hunt" before we know anything. And finally, Trump's previous assertion that numerous government agencies and private consultants who identified Russia as the hackers were politically motivated is hard to believe. Oh, and read this: Secret CIA assessment says Russia was trying to help Trump win White House. Is it all fake news? ~ Ilene
Hillary Backer, Republican Senator Lindsey Graham, Heads Obama's Witch Hunt on Russia
Republican Senator Lindsey Graham, a friend and backer of Hillary Clinton, heads up Obama’s witch hunt.
Barack Obama has ordered US intelligence agencies to conduct a “full review” of alleged Russian hacking into this year’s election and to issue a report before he leaves office next month.
Lisa Monaco, White House counter-terrorism adviser, said that the review, which would be sent to Congress but which might not be made public, would look at both what happened during the election and would consider “some after-action”.
The review comes as calls for congressional probes into the hacking of the election are increasing.
The growing rumblings over Russia’s role in the election could set up an early confrontation between Congress and the incoming Trump administration, which has called for closer ties with Moscow.
Although the US intelligence community issued a rare public statement in October claiming that Russia had been responsible for the hacks on Democratic politicians and political committees, president-elect Donald Trump has continued to cast doubt on Russia’s role in the hacking.
In an interview with Time magazine this week, he said that he did not believe that Russia had interfered in the election. “It could be Russia. And it could be China. And it could be some guy in his home in New Jersey. I believe that it could have been Russia and it could have
Once again, this news had the Bloomberg Econoday parrot squawking about “lean inventories”.
Inventories were looking heavy going into the fourth quarter but, given strength in demand, are turning out to be perhaps too lean. Inventories at the wholesale level fell 0.4 percent in October, drawn down by a 1.4 percent surge in wholesale sales. The mismatch drops the stock-to-sales ratio from 1.32 to 1.30 for the lowest reading in nearly two years. Advance data for retail point to a similar decline for retail inventories to be posted next week while factory inventories, posted earlier in the week with the factory orders report, were unchanged.
This was pretty much non-news given advance readings on December 6. The Econoday consensus was -0.4%, bang on.
Curiously, the consensus range was -0.4 % to 0.3 %, a likely indication that one economist did not read or did not believe the the advance sales reports.
There is nothing particularly lean about this adjustment. Rather, it’s starting to look “normal” if one considers 1990-2000 as normal as opposed to 2001-2015 (excluding the recession).
In a politically inspired witch hunt, a panel of 3 judges in the Netherlands convicted Geert Wilders of incitement to discrimination, and also of insulting an ethnic group.
The ethnic group in question was Moroccans, as if Morocco is a race. Charges stem from 2014 when Wilders replied “We’re going to take care of that.” to a group of cheering supporters who shouted that they wanted fewer Moroccans in the Netherlands.
Geert Wilders, the Dutch anti-Islam politician, has been found guilty of incitement to discrimination and insulting an ethnic group but managed to avoid punishment in a trial in the Netherlands.
Prosecutors had demanded that Mr Wilders, whose rightwing Party for Freedom, or PVV, tops the polls, face a fine of €5,000 for leading anti-Moroccan chants at a rally. But judges opted not to impose any punishment, arguing that a conviction alone was damaging enough.
Mr Wilders’ PVV is forecast to be the Netherlands’ biggest party in elections in three months, with a slim lead over the centre-right VVD of Mark Rutte, the prime minister.
In a video released after the verdict, Mr Wilders said: “I am not a racist and neither are my voters.”
In his final statement to the court in late November, Mr Wilders accused senior ministers, from Mr Rutte down, of running a political trial and conducting a witch hunt against him.
The case was the second in which Mr Wilders has been accused of inciting hate speech, after he was cleared of similar charges in 2011. That long-running case, which stemmed from comments made between 2006 and 2008, helped raise Mr Wilders’ profile in the country.
Before the trial, Mr Wilders had struck a defiant tone. “I will continue to speak the truth regardless, including about the Moroccan problem, and no judge, politician or terrorist will stop me,” he told a Dutch newspaper.
Nick Colas, chief market strategist at Convergex, on the “curse of the correlations” starting to wash away in the wake of the election – which is what active stock pickers and traders have been yearning for during the last 8 years or so:
We have tracked the “Curse of Correlation” on a monthly basis since October 2009. The basics are simple: the average sector (tech, financials, utilities, etc) correlation to the S&P 500 has been 82.3% since we started looking at the data. Other asset classes, such as Emerging Market and EAFE (Europe, Asia, Far East) developed economy equities have been in that same low-80% range. High yield corporate bonds have shown a 70% average correlation to equities. History, experience, and common sense tell us that all these correlations to U.S. stocks should be closer to 50%. Yes, they are all financial assets, but how much should tech stocks trade like junk debt or utilities? Not as much as they have.
Now, correlations have declined dramatically. We’ve included several charts and tables in the attachment to this note, but here is the highlight reel from the last month:
Average sector correlations to the S&P 500 were 56.8% over the last month, the lowest reading since we started looking at the data in 2009. The prior low of 58.4% was in December 2014. Just 2 months ago, average correlations were 79% and last month they came in at 66%. The trend is clearly our friend here.
Correlations between non-US equities and the S&P 500 were 77.5% for the developed economies of the EAFE countries and 51.6% for the Emerging Markets. Two months ago those readings were 88.4% and 87.8%, respectively.
Domestic high yield corporate bonds showed a 54.75% correlation to the S&P 500 over the last month. That’s well below the long run average of 70% and the 87.8% of two months ago.
Looking at the individual sectors, all show materially lower correlations to the market as a whole over the past month. Technology is down to a 70% correlation from 92.9% two months ago. Energy stocks are less than 50% (41.4%, to be exact) correlated to the S&P 500, versus
The European Central Bank has rejected a request from Rome to delay a private sector-led rescue for Monte dei Paschi di Siena, leaving Italy little option but to trigger a government bailout and impose losses on creditors.
Shares in MPS, Italy’s third-largest bank by assets, were suspended in afternoon trading and closed down more than 10 per cent in Milan trading.
Some Italian officials are fearful of a government bailout of MPS ahead of an effort by UniCredit, the country’s largest bank, to raise €13bn in capital, which is due to be announced on Tuesday.
MPS junior bonds collapsed in value on Friday over fears that they would be exposed to losses as part of the government rescue. A €241m bond included in last week’s debt-for-equity swap traded as low as 18.7 cents on the euro.
A state-led rescue of MPS is expected to include protection for its smaller investors, people involved in the talks said.
The long-mooted state rescue of MPS, which already has the Italian Treasury as its largest shareholder, could poison relations between Rome and European authorities.
MPS has a market value of just €635m, having lost 85 per cent of its value this year.
The bail-in of MPS is expected to have implications for the rest of Italy’s banking sector. Shares in UniCredit, Italy’s largest bank by assets and only globally significant bank, were down nearly 6 per cent following the reports. Bankers expect that UniCredit will have to put a lower price on a €13bn equity raising it is planning for early in 2017.
Individual junior bondholders may be wiped out unless they can present evidence they were duped into buying shares. Large holders of junior bonds are guaranteed to take a massive hit in a forced buy-in.
Collapse of Monte dei Paschi
The bank could have raised capital at €945. Instead it raises capital at €19.50 or so, following a 97.94% loss.
Junior bondholders face 80% to 90% losses, in a forced bail-in.
On December 4 the Wall Street Journal reported that President-elect Donald Trump was considering the following three individuals for Vice Chairman of the Federal Reserve for Bank Supervision: John Allison, the long serving head of BB&T bank and a Board Member of the right-wing Cato Institute which was half owned by the Koch brothers for decades; Paul Atkins, a consultant, former member of the Securities and Exchange Commission and a Visiting Scholar at the right-wing think tank, the American Enterprise Institute, which has heavy ties and financial backing from the Koch brothers. Also under consideration, and as far removed as one could possibly get from the other two, Thomas Hoenig, Vice Chair of the Federal Deposit Insurance Corporation and the former President of the Federal Reserve Bank of Kansas City.
Thomas Hoenig would deliver America from the stranglehold of the Ayn Rand lunatic fringe and the libertarian propaganda swamp that the Federal Reserve’s been thrashing about in since Ayn Rand’s devoted disciple, Alan Greenspan, chaired the Fed for a staggering 18 years, through four Presidents, from 1987 to 2006. Atkins would dig the Ayn Rand swamp deeper while Allison would try to elevate it to become the formal creed of every college and university in America – something he and the Koch brothers are well on their way to doing already.
Charles Koch and his related foundations have famously funneled tens of millions of dollars into the economic programs at public universities, frequently mandating the approval of faculty hires and curriculum to push free markets and deregulation. In partnership with that effort, the bank that Allison formerly headed from 1989 to 2008, BB&T, was providing lavish gifts to the schools while mandating that Ayn Rand’s book, Atlas Shrugged, be taught and distributed to students.
China's Commerce Ministry said on Friday it would take "necessary measures" if World Trade Organization members continue to use a non-market economy clause in its to WTO deal to assess dumping duties against it after Dec. 11.
Lawyers for investors accusing several major banks of conspiring to rig silver prices are seeking to add five new defendants to the case, based what they call "smoking gun" evidence they obtained from Deutsche Bank AG following a settlement.
Global spending on oil and natural gas exploration is set to fall next year to the lowest level in 12 years as the industry cuts costs and shuns more expensive areas such as the Arctic, according to Wood Mackenzie Ltd.
OTTAWA — When Prime Minister Justin Trudeau meets on Friday with the leaders of Canada’s provinces and territories to work out a national carbon pricing plan, Donald J. Trump will also be in the room, in a manner of speaking.
Below looks at the US Dollar/Gold Ratio over the past 30-years. When the ratio is heading lower, US$ is weaker than Gold/Gold stronger than US$. When the ratio is heading higher, US$ is stronger than Gold/Gold weaker than the US$
At this time, the ratio in the chart below, has created a Power of the Pattern setup, that is seldom if ever seen.
CLICK ON CHART TO ENLARGE
A rare cluster of resistance is in play for the US$/Gold ratio at (1...
By Polina Tikhonova. Originally published at ValueWalk.
Russia is solidifying its support for Pakistan at the Heart of Asia conference. Russian envoy Zamir Kabulov rejected India and Afghanistan’s criticisms of Pakistan. In what serves as a yet another indication that the ice between Moscow and Islamabad are melting, Kabulov praised Pakistani Foreign Affairs Advisor Sartaj Aziz’s speech at the HoA conference for being friendly and constructive.
Image: Pakistan, Russia Flags
Saying that it’s wrong to criticize Islamabad, the Russian envoy urged the parties to drop the blame game and start working together. Kabulov also downplayed Russia’s joint milita...
Overnight the media propaganda wars escalated after the late Friday release of an article by the Washington Post (which recently admitted to promoted fake news itself in an attempt to smear other so-called "fake news" sites) according to which a secret CIA assessment found that Russia sought to tip last month’s U.S. p...
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...
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...
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.
Site owned and operated by PSW Investments, LLC. Contact us at: 403 Central Avenue, Hawthorne, NJ 07506. Phone: (201) 743-8009. Email: email@example.com.