Posts Tagged ‘FAS’

$1,500 Friday – Yesterday’s Futures Play Pays Big!

That's $2,200 in two days playing with us!

Not bad for free picks, right?  On Wednesday, we played the Nasdaq Futures (/NQ) short at 4,100 and those gave us a nice, $700 per contract gain in just a few hours.  Yesterday, we reviewed that trade idea right in the morning post (which you can have delivered to you every morning, pre-market, by SUBSCRIBING HERE) and I added:

That's why, today, right now, we are once again shorting the Futures at 17,100 in /YM(Dow) and 2,005 on /ES (S&P) and 1,175 on /TF(Russell).  Yesterday we shorted the Nasdaq(/NQ) at 4,100 – a trade idea I outlined in the morning post for our subscribers – and that trade made $700 per contract by noon.  Not a bad day's work, right?  

SPY 5 MINUTEFutures trading is a useful skill as we can make adjustments to our trading almost anytime we get some new information – even when the market is closed.  

We played bullish on Draghi fever early in the morning and then, in our Live Member Chat Room, at 10:35, we nailed the turn for a re-entry at 1,180 on the Russell (/TF Futures), 17,150 on the Dow (/YM) and 2,010 on the S&P (/ES) as well as $95 on oil (/CL) and we were rewarded with moves down to 1,160 (+$2,000 per contract), 17,025 (+$625 per contract), 1,990 (+$1,000 per contract) and $94.25 (+$750 per contract).  

As I said yesterday, we can make trades like this because the market is RIGGED and we understand how it's rigged, which enables us to play along and profit from the manipulation.  We don't like it, we don't endorse it but, since it happens every day – we may as well bet on it, right?  

Of course there are other ways to make money on pullback and we teach those as well at PSW. Here's a couple of trade ideas we had for our Members
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Thrilling Thursday – Rejection at S&P 2,000

SPY 5 MINUTEOh my God, it's dip!  

The Futures are off a bit today and that's no surprise to those of us who have been paying attention to the volume, or lack thereof, as we made our final approach at the 2,000 line on the S&P 500.  Jim Cramer was literally foaming at the mouth this week as he and his CNBC co-conspirators herded the sheeple into the markets to participate in the tail end of the rally, where the suckers could hold the bags for their Corporate Masters.  

Why am I angry at Cramer today?  Because yesterday he committed the same crime he commtted in 2008 that cost so many people their life's savings – he told people not to sell their stocks on a pullback.  "Don't take profits" is the message for the viewing public.  But, I would ask, if people don't take profits – when will they ever get profits?  What kind of stupid message is that?  Well, it's the message that leaves you holding the bag while his hedge fund buddies head for the exits.  It's not much different than telling one group of people not to leave a burning building while you make sure all your friends are getting out safely.

"This is not just my opinion. I can prove it to you empirically. See, as I was preparing to write my book "Get Rich Carefully," I went over the previous five years of trades made by my charitable trust. And as I reviewed those trades I noticed that far too often, my good judgment would be overcome by excessive skepticism."

If the "proof" Jim is talking about is his Action Alerts Plus, then I'd say you really should think long and hard about following his advice here (via Kirk Lindstrom – who does compete with Cramer):

Jim Cramer's Action Alerts Plus Performance & Returns

I guess, sure, Jim legitimately should regret that he wasn't more bullish from 2008 to 2013, when the market popped 200% and his trust gained about 100% but don't you think the lesson Cramer should be taking from that experience is to CUT YOUR LOSSES, not
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Friday – QE Fever Turns To QE Forever!

DBC WEEKLY$85Bn a month!

Oh boy was I wrong when I said Ben Bernanke wasn't crazy enough to ease into a bull market.  Yesterday, he exercised the full power of the Federal Reserve to confiscate your wealth and hand it over to the bankers.  That's right, by engaging in what many consider reckless money-printing practices and announcing there is no end in sight, Bernanke caused the Dollar to fall below 79, down from 84 (6%) before all this QE talk began.  

That's like taking all $100Tn worth of US Assets – everything you worked for your entire life – and just devaluing them by 6%.  Many of our Conservative friends decry the 1% tax on wealth imposed by the French – but at least they are honest about it.  At least they debate it and vote on it.  Not Bern Bernanke – the Federal Reserve Chairman simply decrees that you will contribute 6% of your dollar-denominated assets towards more bank bail-out and there's no cut-off if you are below the top 2% – this is a confiscation from every man, woman and child in America.  

How far down will Dr. Bernanke take your Dollars?  That's the beauty of it – there's no limit!  He warned Corporate America yesterday that he will continue to give them FREE MONEY as long as they keep refusing to hire more workers.  The less American workers they hire – the more money he will give them.  Sure, they can hire and spend overseas (most are) because that won't affect US unemployment rates but, if they start hiring Americans – THAT's when he will begin to take away the punch bowl. 

See how this scam works?  

It is hard to see how another round of QE would help the economy. Long-term interest rates are already at historic lows. With rates this low, even if QE put effective downward pressure on rates — a dubious proposition — the economy would be unlikely to benefit. If a 3.5% mortgage rate is of little consequence, there is no reason to believe that a 3.4% or even 3.3% rate would suddenly produce results.

Nor would quantitative easing result in a burst of money creation, as per traditional monetary policy,
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TGIF – Stop the Rally, We Want to get Off!

This rally is never going to end!

Just look at this chart – we're breaking every level.  THIS time is different – not only are we going to go on to 1,450, we're going to 1,500 and 1,550 and then 1,600 and then we're going to 1,700 and 1,800 and 1,900 and then we're going on to take on 2,000 – yeeeeeergh!  

Sorry, I was channeling my inner Dean…  Now that I've calmed down, I realize that this chart that got me so excited was actually the chart from March 5th and, as you can see from my end of February headlines like "Sell in March and Go Away," "This is the End – But For Who?" and "Fake-Out Thursday (March 8th) – Dollar Sacrificed on an Altar of Lies" – where I pointed out that rumors of more Fed easing (by John Hilsenrath of the WSJ, of course) had dumped the Dollar to 79 and that was accounting for the 1% gain in the S&P that day so – don't be fooled!  

The ECB had just dropped $712,800,000,000 in fresh stimulus on the 29th and I asked "Will Another $712Bn Buy Us Another Day at 13,000?"  Was I early?  Yes.  Did we miss the end of the rally?  Yes.  In fact, our $25,000 Portfolio at the time was so bearish, we were down almost $8,000 with huge bearish bets like 10 Short XRT March $55 calls, 10 short GLL March $17 puts, 10 April SCO 31/39 bull call spreads and 10 SCO short March $34 puts, 5 short FAS $88 calls, 5 March TZA $18 calls, 10 short SQQQ June $14 puts, 40 USO April $40 puts, 5 short FAS March $75 calls, 10 long FAS March $85 calls and 10 short FAS March $89 calls (a bearish spread), 10 TLT March $114/115 bull call spreads and 10 DIA March $129 puts.  

The only bullish play we had at the time in our virtual portfolio was DMND, where we had 4 hopeless June $29 calls which we lucked out on when they spike on rumors in mid-March.  Every other bullish position had been dumped and we were practically 100% bearish because the rally, at that point, seemed totally ridiculous.  Just a months later, the Portfolio turned around and was up $8,000 and by May
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Which Way Wednesday?

SPY 5 MINUTEWow!

What a day yesterday.  The Dow dropped over 100 points from the open but then, at 2 pm, a miracle occurred and we recovered almost all of our losses in just 30 minutes.  We had similar action on the S&P and, as TA guru Dave Fry commented:  

Our crack addicted trading desks believe in the Bernanke Put and the global central bank put. It’s quite apparent reading the news from China this morning as pundits were universally calling for more PBOC stimulus—it’s QE contagion. Moody’s cut their European outlook to negative which must be viewed two ways: Moody’s gets no respect and it means more QE.

Speaking of which the ECB is rumored to be launching “unlimited” bond buying (QE) with “conditions” (whatever those might be). The bond buying is said to be 0-3 year maturities with the implication being the problems of austerity and debt would beClouseau-like “sol-ved” during that period. Given that sort of optimism you’d not be incorrect in assuming the ECB will need a bailout itself down the road.

As you can see from Dave's SPY chart, the real volume for the day came to the downside while more volume sold off into the close than took us up in the afternoon. 

That's the beauty of the HFT algos – they punch the market up all afternoon and then dump it on the mutual funds that come in after the bell and buy (for you – you retail sucker) at the day's closing prices.  Pump and dump – that's the game the big boys get to play every day and it's clear as a bell that yesterday was dump, pump and dump with 2-3 times more volume selling that buying

That's why this chart of On Balance Volume has such a massive divergence, again, much like the one that led to a 20% drop in the market last year that "no one saw coming."  OBV measures buying and selling pressure as a cumulative indicator that adds volume on up days and subtracts volume on down days – clearly…
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Try it Again Tuesday – What Will it Take to Move the Markets Higher?

If it's Tuesday, we must be at the week's highs.  

Obviously, we're still bearish and the news we've been discussing this morning in Member Chat certainly hasn't changed my opinion on that.  Back on August 7th (first Tuesday of last month), I said we were about $700Bn in stimulus short of what we need to support S&P 1,400 and we knew we would have to wait a month to see how much we got from Draghi and Bernanke but, so far, and with Ben already out of the way, we have zero.  

At $10Bn per S&P point that puts our fair value all the way down to 1,330 but keep in mind that the $500Bn we did get only lasts for 6 months so more like 1,310 at this point without a proper commitment by the ECB or Fed this week.  Even 1,310 would be up 50 from the June lows and it would represent a neat 2/3 retracement of the rally since then.  Our $25,000 Portfolio has, if anything, gotten more bearish as we dragged along the top but another thing we've done each Tuesday has been to take aggressive bullish positions to cover ourselves IN CASE someone actually does put up the cash needed to goose the markets over our breakout levels (see Friday's post for current positions in the virtual Portfolio and our levels).  

On Tuesday, August 14th, our trade ideas were as follows:  

  • 2 FAS Oct $105/115 bull call spread at $2, selling 1 BBY 2014 $18 puts for $3.25 for net .75, now $1.80 – up 140% (trade stopped at 150%) -
  • 2014 SHLD $32.50 puts sold for $7.50, now $6 – up 20% 
  • 6 EWJ Jan $9 calls at .53, selling 1 BBY 2014 $18 put at $3.25 for a net .07 credit, still net $2.60 credit – down 3,800% (trade stopped at up 1,000%)  


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Trying the Tops on Tuesday – As Usual

Seriously, this is 4 Tuesday's in row – is anyone seeing a pattern?

Of course this Tuesday we are 100 Dow points lower than we were last Tuesday and the BS pre-market pump job at 6am has already faded (7:30) although we're still working short bets on the Russell futures (/TF) and the Euro (EUR/USD) from 813 and $1.256 as I put up a note in early morning Member Chat as we spiked on – get this – the news that Draghi cancelled his appearance at Jackson Hole this weekend.

Why would it be good that Draghi is NOT going to the last Central Bankster conference of the year but the buzz is that he MUST be so close to a masterful solution to all of Europe's problems that he can't be bothered to gather with his brother bankers on the eve of his triumph.  The announcement was timed to coincide (10 minutes before) bond auctions by Spain ($2Bn 3-month notes at 0.95%) and Italy ($3.75Bn of 2-year notes at 3.06%) and the Euro jumped 0.7% into the auction – lowering the effective rates and both auctions were a "success".

That pulled the EU markets off the floor (still down half a point at 8am) and got the US futures out of the red zone as we finally pushed the Dollar under that pesky 81.50 line, goosing the indexes and commodities.  Unfortunately, it's just a sugar rush and we've already run out of steam but I'm sure someone will start another rumor around 9:15 to get us back to green into the open.  

As I said last Tuesday, with the Dollar at 81.50 we're looking for adjusted levels of:  Dow 13,464, S&P 1,428, Nasdaq 3,060, NYSE 8,160 and Russell 816 and we held the Nasdaq yesterday but that was all so no reason to capitulate on our bearish stance just yet.  Last Tuesday we also discussed 3 more trades (there we 3 the Tuesday before) to make 300% if the market did break higher and our first batch had several 100% winners so let's see how our 3 new trades did in a downtrend:  

  • 2 FAS Oct $107/117 bull call spreads at $2.05, selling 1 BBY 2014 $15 puts for $3.75 for net .35 is now net $1.52 – up 334%
  • AGQ Oct $38/45 bull call spread at $3.10, selling BTU 2014 $20 puts for $3.60 for


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Try and Try Again Tuesday – 3 More Trade Ideas That Make 300% if the Market Pops

Here we go again (again)!

Yep, that's what I said last Tuesday and the Tuesday before that because Tuesday is a day they push the Futures higher and ditch the Dollar and tell you that this time it's different because of the same rumors they had the Tuesday before only this week – the data is getting worse and worse, as we know is better, right?  

Last Tuesday we set levels to capitulate and go fully bullish at Dow 13,464, S&P 1,428, Nasdaq 3,060, NYSE 8,160 and Russell 816 and, as of yesterday's close we had the Nasdaq and the Russell over their marks needing just one confirmation to make it 3 of 5 and begin to flip our short-term portfolios (the $25KPs) bullish.  We are soooo close but, so far – no cigar.  

While we waited, we looked at some upside hedges that would do well if the market continued higher.  Just as we get downside protection when we're bullish – we use upside protection when we're bearish and I suggested taking 5% or 10% positions in aggressive upside plays to help balance a bearish portfolio against – well against exactly what happened in the past 7 days.  Our trade ideas were:  

  • 2 FAS Oct $105/115 bull call spread at $2, selling 1 BBY 2014 $18 puts for $3.25 for net .75, now $1.15 – up 53%
  • 2014 SHLD $32.50 puts sold for $7.50, now $6.40 – up 15% 
  • 6 EWJ Jan $9 calls at .53, selling 1 BBY 2014 $18 put at $3.25 for a net .07 credit, still net .07 credit – even 
  • TNA Oct $55/61 bull call spread at $2.50, selling Oct $42 puts for $1.90 for net .60, now $1.80 – up 200%

The BBY puts jumped over 20% yesterday, from below $3 to $3.75 and that killed two of our trades (and worse today after earnings!), that were up significantly in Friday's update (which is why we take quick gains like that off the table).  The good news is the EWJ play gives us a nice, new entry at the same net price so that one is still good and, of course, we are done with TNA after making 200% in a week and we'll find a fresh horse for that money.

Speaking of fresh horses – for our offsetting short puts today – let's take…
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Friday Fakery – $188Bn Buys You a One-Day Rally

$188Bn!

That's how much money yesterday's rally cost.  Spain got the green-light on $123Bn from the ECB, most of which goes to just ONE bank (Bankia Group).  This news sent Bankia shares up 15% and did wonders for their creditors' stocks as well because, as we know, the best way to get money from a Central Banks is to owe a lot of money to other banks so – borrow, borrow, borrow if you want to survive the Financial Crisis.  Spain led Europe higher with a 4% gain on the day and hit another 1.75% early this morning before pulling back.  

Also in the Free Money train yesterday was Brazil, who initiated a $65.6Bn stimulus package aimed at much-needed infrastructure ahead of the 2016 Olympics.  This is a "just in time" thing for Brazil as 32 of 58 reporting companies in the Bovespa Index missed sales projections this quarter – the worst performance since Q1 2009.     

The Olympics have also greatly aided the UK's economy and July Retail Sales were the stars of Europe at +0.3% and August should be good too – it's September, October and November we're worried about.  The entire Euro Zone is clearly in a Recession, but it could be argued that it's the same one that started 4 years ago, which some would call a Depression – but not if they want the MSM to listen to them or to keep their Government positions.  

Even China is seeing declining exports, with August projected to come in at less than 1% according to ForexLive, who says "China's Government has underestimated the impact of the European debt crisis on trade flows."  As you can see from the chart on the right for California, China's export woes are hitting us on this side of the Pacific as well as total state revenues are 10% below projections with HUGE misses in Sales Tax – indicating an extremely beaten-down West Coast consumer.  

The state has avoided default by temporarily borrowing from state trust funds, but those accounts will soon need their cash back to continue operating. Today California quickly began trying to sell $10 billion in municipal bonds to fund the record $28 billion they need to keep the lights on. With tax revenue plummeting and the state already the second


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Technical Tuesday – Red is Dead

OK, now we are pushing it.

Our danger zone is the bottom of the top of those "V" patterns that we formed in the early June dip.  Those lines must hold and they are roughly Dow 12,400, S&P 1,310, Nas 2,800, NYSE 7,450 and Russell 750 – all are holding so far but we really can't afford another red day here if we want to stay bullish.  

Although we reminded Members to watch our primary hedges (TZA and EDZ spreads) in the Morning Alert - both of them have bullish offsets (short BTU and USO puts) that will zero out the trade if the market recovers – so we do remain generally bullish as long as our levels hold (and we can stop out our short puts and go more bearish if our levels fail).  

Our other trades for the day were still bullish pokes from our very cashy positions – still hoping for the EU to lead us to the promised land – or at least give us a fix that gets us high for another day or two.  That's all we need man, just a fix, come on Angela – do us a solid!   

SPY DAILYWe added more CHK longs as they tested $17 again – that is one fun stock to trade if you have good range discipline!  TLT got high again so we went short on them in both of our $25,000 Portfolios and we reiterated Friday's AAPL play (see Stock World Weekly) and we went long on oil Futures at $78.50 for a lunch-time trade and got a quick .75 gain ($750 per contract) along with the Dow at 12,400, which gave us a quick 50 points but "just" $5 per penny per contract ($250) for that one.  

For the Futures-challenged, we added 20 USO July $29/30 bull call spreads at .52 to both our Aggressive and Regular $25,000 Portfolios and USO promptly shot up to $29.80, which is just lovely as we seek to turn $1,040 into $2,000 in 24 days with no margin required on the straight bull call spread.  FAS was also too tempting to turn down and we went with a more aggressive spread there and that's using margin to get a 500% return in 24 days if all goes well.  

So still bullish with what little cash we have…
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Zero Hedge

Paul Craig Roberts Asks "Are Americans Racists?"

Courtesy of ZeroHedge. View original post here.

Authored by Paul Craig Roberts,

“Racist” is the favorite epithet of the left. Every white person (except leftists) is a racist by definition. As we are defined as racists based on our skin color, I am puzzled why we are called racists a second, third, and fourth time due to specific acts, such as favoring the enforcement of immigration laws. For example, President Donald Trump says he is going to enforce the immigration laws. For the left this is proof that Trump has put on the White...



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Phil's Favorites

Become the Landlord of Your Stocks

This article can be applied to the act of selling options. When you sell a covered call, for example, you are using your stock position to collect premium as you sell someone the right to buy the property (stock) from you at a specific price in the future. It's like renting your shares. A strategic use of options (which we teach) can help you to be a better landlord of your stock portfolio. 

Become the Landlord of Your Stocks

Courtesy of Wade of Investing Caffeine

“Why do you buy stocks?” Unfortunately, many people do not truly understand how to answer that particular question. If they were honest with themselves, many stockholders would respond by saying, “Because they are going up in price,” or maybe, “My neighbor told me to buy sto...



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ValueWalk

George Soros Donated $90 Million to Groups Behind DC Women's March

By insidesources. Originally published at ValueWalk.

On Saturday, crowds of women in knitted pink “pussy hats” crowded the streets of cities around the country to voice their dissatisfaction with newly-inaugurated Donald Trump. In Washington, D.C., the largest of the marches across the country was even bigger than the inauguration crowd the day prior. Like other recent left-leaning demonstrations, the Women’s March described itself as a grassroots effort coordinated by many local leaders. However, a look at its website shows that the march has numerous ties to groups receiving significant financial support from left-leaning philanthropist George Soros.

George Soros Photo by Norway UN (New York) ...

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Chart School

Russell 2000 Turns Net Bearish Technically

Courtesy of Declan.

It was another day of modest change with little real turn in bullish/bearish outlook.  The Russell 2000 was the only one index to mark a technical change with a net bearish switch in technicals (MACD, Slow Stochastics, On-Balance-Volume).


There wasn't much to add for other indices. The S&P finished with a narrow doji on its 20-day MA. Technicals were little changed.

...

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Promotions

Phil's Stock World's Las Vegas Conference!

 

18 people have signed up, but it's not too late to join in!

Learn option strategies and how to be the house and not the gambler. That's especially apropos since we'll be in Vegas....

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:  9:30 to 10:00 am Sunday morning

Location: Caesars Palace in Las Vegas

Notes

Caesars has tentatively offered us rooms for $189 on Saturday night and $129 for Sunday night. However, we have to sign the contract ASAP. We n...



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Digital Currencies

As China Slaps Fees On Bitcoin Trades, Japan Monthly Volumes Soar by 8,900%

Courtesy of Zero Hedge

There is one reason why bitcoin quickly became the darling of HFT and various high speed algo traders operating out of China and the rest of the world: domestic transactions were "frictionless", as there were no fees on buys or sells. Until last night, that is, because as China's three largest bitcoin exchanges, BTCC, Huobi and OkCoin, all said in separate statements on their websites late on Sunday, starting Tuesday they will charge traders a flat fee of 0.2% per transaction. This is only the latest fallout from the recent crackdown on Chinese bitcoin exchanges whose activities have drawn increased scrutiny from the centra...



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Market News

News You Can Use From Phil's Stock World

 

Financial Markets and Economy

OPEC and Friends Agree on Way to Monitor Oil Cut to End Glut (Bloomberg)

OPEC and other oil producers agreed on a way to monitor their compliance with last month’s historic supply deal, putting global markets on track to re-balance after more than two years of oversupply.

Wall Street stocks set to slip as Trump keeps investors on the back foot (Market Watch)

U.S. stock futures tilted south on Monday as global markets grappled with uncertainty over the policies of U.S. President Dona...



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OpTrader

Swing trading portfolio - week of January 23rd, 2017

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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Kimble Charting Solutions

Post Christmas- Gold Miners & Metals the place to be!

Courtesy of Chris Kimble.

Christmas is now nearly one month ago, how time flies. Ole Santa has been taking a rest and so far over the past month, the S&P 500 has done the same. Not so much for a few other high flying assets!

CLICK ON CHART TO ENLARGE

Since the first day of trading after the Christmas break, the broad market has been pretty quiet, up .23%. Bonds (TLT) and the Euro (FXE) have made a little bit more than the broad markets.

The Metals Sector has done pretty well since Christmas, as Gold ...



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Insider Scoop

Earnings: Last Call for Yahoo? Johnson & Johnson, Alibaba Also Release This Week

Courtesy of Benzinga.

Earnings season kicks into high gear this week with a number of big names reporting. Among the Monday releases, YYahoo! Inc. (NASDAQ: YHOO) will report what may be its last quarterly earnings numbers, as its pending acquisition by Verizon Communications Inc. (NYSE: VZ), announced in July 2016, moves toward completion.  

On Tuesday before the opening bell, pharmaceutical giant Johnson & Johnson (NYSE: JNJ) and Chinese e-commerce heavyweight ...



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Members' Corner

How To Poop At Work?

Courtesy of Nattering Naybob.

Once again it's "in the Toilet Thursday" or "Thursday's in the Loo". 

In our last episode, How to Poop On A Date? we were graced with a delicate shituation: what ever to do when your finally back at her place, snuggling in for a little "brown chicken brown cow" and you get hit with "Love Potion #2".

This week in How to Poop At Work? ,what to do when your at a big fancy pants meeting, when out of nowhere, you need to download a brown load?



...

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Mapping The Market

If we try it enough, it will work.

Via Jean-Luc

Brownback wants Trump to emulate what he did in Kansas because it worked so well:

Sam Brownback Calls on Donald Trump to Mimic His Kansas Tax Plan

By RICHARD RUBIN and  WILL CONNORS

Sam Brownback, the Kansas governor whose tax cuts brought him political turmoil, recurring budget holes and sparse evidence of economic success, has a message for President-elect Donald Trump: Do what I did.

In 2013, Mr. Brownback set out to create a lean, business-friendly government in his state that other Republicans could replicate. He now faces a $350 million deficit when the Kansas legislature convenes in January and projections of a larger one in 2018. The state’s economy is flat and his party is fractured...

...

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Biotech

The Medicines Company: Insider Buying

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

I'm seeing huge insider buying in the biotech company The Medicines Company (MDCO). The price has already moved up around 7%, but these buys are significant, in the millions of dollars range. ~ Ilene

 

 

 

Insider transaction table and buying vs. selling graphic above from insidercow.com.

Chart below from Yahoo.com

...

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All About Trends

Mid-Day Update

Reminder: Harlan 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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