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Posts Tagged ‘IPhone’

Goldman’s $430 Target, Screaming Buy On Apple At Its All Time High Is In Direct Contravention To Reggie Middleton’s Logic – Who’s Right? Well, Who Has Been More Right In The Past?

Courtesy of Reggie Middleton, posted at Zero Hedge and originally posted at Reggie’s BoomBustBlog

368322 09: A car passes by the sign in front of the Apple offices Computer April 21, 2000 in Cupertino, CA. The company is one of many computer technology corporations situated in Silicon Valley. (Photo by David McNew/ Newsmakers).

Goldman has recently issued a strong buy recommendation on Apple, offering a $430 price target. I have been on record many times stating that Apples will be facing the toughest competition of its existence since Microsoft nearly put them out of business. This, of course, appears to be in direct contravention to the Goldman Sachs call which just happened to come out the day Apple hits its all time high. Being that Apple has more than its fair share of fans who ignore common sense, this is enough to set the stock on fire. The question still remains though, “Is Goldman right?” Goldman very well could be right, but not for the reasons most retail investors believe. Despite overwhelming evidence plus plain old history to the contrary, many investors and mainstream media outlets still take the sell side of Wall Street at their word. Sell side analysts are marketing arms for the brokerage sales force, the investment banking sales force and the traders who move inventory in and out of their respective banks. What they are not are wealth and strategy advisers for retail and institutional investors. Their historical performance clearly illustrates this, thus their is not need to take this entrepreneurial investor and blogger’s word for it. Well, for those of you who either don’t know of me or don’t know of Goldman, here’s a quick recap of Reggie Middleton vs. Goldman Sachs:

Who was more accurate concerning Google? Google’s 3rd Quarter Operating Results: The Foregone Conclusion That Was Amazingly Unanticipated by the Street!!! Monday, November 8th, 2010

Who was more accurate concerning Lehman Brothers, the Ivy league, ivory tower boys doing God’s work or that blogger with the smart ass mouth from Brooklyn?

Please click the graph to enlarge to print quality size.

image006.png

As a matter of fact, who was more accurate during the ENTIRE Asset Securitization and Credit Crisis of the last three years?  We believe Reggie Middleton and his team at the BoomBust bests ALL of Wall Street’s sell side research:…
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Don’t tell anyone, but I am not sure I like my new iPad

I’m going to help Baruch out of denial by telling everybody he’s not crazy about the iPad. If I remember Psych 101 correctly, if Baruch makes any sacrifices for the iPad or, god forbid, spends money on accessories, he’s going to change his mind. – Ilene 

Don’t tell anyone, but I am not sure I like my new iPad

Courtesy of Ultimi Barbarorum

Queen - Flash 

[Click on photo to watch Queen - Flash]

It’s very embarrassing, but I think my iPad annoys me. Baruch feels that he should be raving about his iPad. It’s the biggest thing to hit consumer tech since, well since the iPhone 3G took off. When the history of early 21st century tech is written, it might even be  a more important product than the iPhone. And here am I, on record, complaining about it. I’m going to be that guy from IBM who said in I think 1945 that there would only ever be like, 5 computers.

So, why don’t I like my iPad?

1) Flash — ahh-aaaaahh! I miss Flash on my iPad like I don’t on my iPhone. I (mostly) understand The Great Jobbso’s reasons for treating Flash like a vampire looks at garlic, but I have somehow failed to make my 4-year old understand them as well. All he knows is that he is unable to play his favourite Flash-based Teletubbies game on the CBBC website. It doesn’t work, and he wants Daddy to fix it. Obviously Daddy can’t. He gets cross. So the poor little tyke’s had to go back to the PC for his Teletubbies.

Daddy had a similar experience with the Daily Show. Watching the Daily Show online is, for Baruch, almost the whole point of having The Internet. And it’s flash based. And its not just John Stewart, it’s like half the commercial video on the internet, from retail sites, to (I am told) porn, to hotel websites. Baruch hates those little lego blocks in the middle of the space where his video should be. His heart sinks when he sees them. He wonders what he’s missing.

I don’t have the same level of expectation with my iPhone. After so many false dawns in the mobile internet, I secretly think I am not supposed to surf the web on my phone, so anything I can do on it in that direction I still find…
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Apple Needs Some RF Design Engineers

Apple Needs Some RF Design Engineers

A Chinese man walks past a authorized Apple retailer in Beijing on July 12, 2010. Despite a new flagship showroom that just opened in Shanghai, Apple is striving to overcome price disadvantages and an underground market. Most fans of its Apple products here have been buying their iPhones, iPods and Mac computers from smugglers who operate through underground electronics markets.  UPI/Stephen Shaver Photo via Newscom

Courtesy of Karl Denninger at The Market Ticker 

Yep, as I suspected….

It’s official. Consumer Reports’ engineers have just completed testing the iPhone 4, and have confirmed that there is a problem with its reception. When your finger or hand touches a spot on the phone’s lower left side—an easy thing, especially for lefties—the signal can significantly degrade enough to cause you to lose your connection altogether if you’re in an area with a weak signal. Due to this problem, we can’t recommend the iPhone 4.

That’s Consumer Reports, incidentally, which put the phone in an RF-isolated room to perform their tests along with a base-station emulator.

Oops – that’s about as close to proof as you’re going to find.  In an RF-quiet environment it’s pretty easy to prove your case, and it appears that CR did so.

The tests also indicate that AT&T’s network might not be the primary suspect in the iPhone 4′s much-reported signal woes.

"Might" not?  

I have never been impressed with the iPhone (any generation) in terms of RF.  Ever. It has always been a "form before function" device from my perspective, all the way back to the original units.  Then again I’m spoiled – the best RF-performing GSM phone I’ve ever used was a Nokia 3395.  I may still have one laying around here somewhere, and all of my old Nokias (including a 6610 which was nearly as good) still work just fine.  Old, yes, but one thing Nokia does know how to do is design and build an RF section.

Incidentally, buying devices that work before selecting them for "sex appeal" may be why I’ve never had a material problem with the "can you hear me?" BS that so many suffer with when it comes to cellphones.  I guess my view is that a cellphone is for communicating rather than trying to shag some hot chick at the local bar by flashing my "bling."

This is a common flaw for consumer devices – be sexy rather than be smart – or good.  Of course sex sells, and so the more "sexy" you can make something look the better it sells, and as long as you remain within the "acceptable" functionality envelope you don’t get hurt – too badly.  Witness Motorola, which had the "hot" phone for a long time…
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An iPhone 4 Recall Will Hurt Apple More By Opening Additional Oppurtunity for Android Devices Than Increased Expenses

An iPhone 4 Recall Will Hurt Apple More By Opening Additional Opportunity for Android Devices Than Increased Expenses

Courtesy of Reggie Middleton writing at Zero Hedge 

Apple has had a hell of a time with what is arguably its most important product release since the initial iPhone in 2007. The handsets have been plagued with spotty screens, combustible USB ports, signal strength measurement inconsistencies, and the most damaging of the issues – an ill-conceived antenna design that causes attenuation when held from the lower left had corner. Steve Jobs did the Blankfein (Goldman Sachs CEO, stating that the Wall Street bank was doing God’s work) imitation by opening his mouth when he shouldn’t have and said that users were “hold the phone the wrong way”. Not only that, but Consumer Reports just came out with a report stating that they can not recommend the buying of an iPhone until the antenna situation has been rectified, prompting speculation that Apple will be forced to recall millions of phones.

As a matter of fact, the review was rather poignant:

“If you want an iPhone that works well without a masking-tape fix, we continue to recommend an older model, the 3G S.”

Apple iPhone 4 antenna problem solution tape
One solution to the Apple iPhone 4’s antenna problem is to cover the lower left corner with tape.

As evidence of the danger of relying on “lifestyle” marketing (see An Introduction to How Apple Apple Will Compete With the Google/Android Onslaught)…

It is very easy to fall out of favor with the trendy crowd. While I doubt very seriously that Apple is in danger of doing this anytime soon, a massive recall will open the door for devices which are technically much more capable, flexible and open than the iPhone, ex. the Android powered HTC and Samsung devices. Basically, the danger to Apple here is not the expense of a recall, but the loss of mindshare and potential widening of the opening for some very capable competition – an opening that did not have to be there!

Don’t believe me, click the link to the consumer reports article and peruse the comment section…

Posted by: John |
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Google Swings for the Fences and Tries to Knock Apple, Microsoft, IPhones and Office Apps Out of the Park!!!

Google Swings for the Fences and Tries to Knock Apple, Microsoft, IPhones and Office Apps Out of the Park!!!

Courtesy of Reggie Middleton

HANNOVER, GERMANY - MARCH 03: The camera of a German Google Street View car looms over the car next to the Google logo at the Google stand at the CeBIT Technology Fair on March 3, 2010 in Hannover, Germany. Google's Street View project has raised controversy from people across Europe worried about infringement of their privacy. CeBIT will be open to the public from March 2 through March 6. (Photo by Sean Gallup/Getty Images)

This is an excerpt from part two of a multi-part series on the companies vying for dominance during the 3rd major paradigm shift in personal and enterprise technology over the last 30 years. This one will be a biggie (not smalls) and promises to create an investment behemoth out of the winner and relegate the losers to relatively niche markets. This is saying a lot considering the size of the companies participating in the battle for the pole position. I created this series to provide a truly objective, truly informed, and truly analytical (from an empirical perspective) knowledge source on this very important intersection in personal computing and distributed media. This series will end with a full BoomBustBlog style forensic report on the company we feel has the most to gain from these wars from an investor’s perspective.Those who are not familiar with my hard-edged, yet objective analytical work should reference past performance and media appearances for a quick background.

It is imperative that readers first review “There Is Another Paradigm Shift Coming in Technology and Media: Apple, Microsoft and Google Know its Winner Takes All” before moving on so as to get a thorough background as to what is at stake, who the players are, and what mobile technologies are being released into the consumer and enterprise realm. This is a lengthy, meaty, objective and information packed post that was initially intended to go out to subscribers only (click here to subscribe to our research services). I welcome you to compare it to the research you find available from technology, financial and strategic advisory firms, including and particularly Goldman Sachs (click here to see what I mean) and let me know whose analysis is more accurate, in depth and thorough (not to mention less expensive).

Google is Giant, Online Ad Agency Cum Enterprise Software Developer and consumer electronics and media giant! WTF! That’s right…

At the end of 2009, Google earned $22.9 billion or 96.8% of its total revenues through advertising, out of which $15.7 billion was related to its own websites, with the remaining $7.2 billion related to other network websites.

Licensing and other revenues accounted for only 3.2% (or…
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Taking the Market’s Temperature

Taking the Market’s Temperature

Courtesy of Joshua M Brown, The Reformed Broker 

Just some random market thoughts and observations as we head into the holiday weekend doldrums…

* The S&P 500 looks to finish the 2nd quarter 2010 down 11%.  An absolute slaughterhouse from the end of April on. 

* You know the bulls are spent when we couldn’t even get the traditional End Of Quarter Markups.  Brian Shannon (Alpha Trends) called it "end of quarter window-smashing" yesterday with the indexes down close to 4% apiece.

* I’m hearing chatter about the possibility of a short squeeze but I’m not sure I see one brewing.  You would need something on the horizon that adds a little fear for the shorts.  You’re going to tell me that they’re afraid of tomorrow’s ADP report?  Or the employment numbers due out Friday? 

* (Supposedly) positive news from Europe’s banking wreck yielded little or no reaction here in the States this morning.  But we all know how negative news is reacted to lately.  A sentiment indicator if ever there was one:  Good News = Blah, Bad News = Death & Dismemberment.

* Apple finishes down more than ten bucks on news of a Verizon iPhone launch in 6 months.  So apparently, 10 million plus new iPhone users is an underwhelming possibility.  Another sentiment touchstone for sure.  Verizon was down, too.  Oh boy.

* No one running big money is looking to do anything heroic this week, regardless of stocks having gotten, shall we say, a bit cheaper.  Other than BP (because of Exxon rumors) and the Tesla IPO (hyped beyond belief), I saw little appetite for anything this week.  The selling has stopped in many stocks as of this writing, but now what?

***

Anyway, these are just some random observations as I take the market’s temperature.  I realize that taken together they are incredibly negative, but that’s the mood. 

We’ll see how she finishes the week. 

 


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WSJ: The iPhone, Net Neutrality and the FCC

WSJ: The iPhone, Net Neutrality and the FCC

Wsj_logo 

Courtesy of Andy Kessler 

AT&T’s Picturephone, shown at the 1964 World’s Fair, was a huge flop. Apple’s new iPhone 4, announced this week, has a front-facing camera for video chats. It might succeed, except that AT&T isn’t providing enough bandwidth capacity.

The new Apple iPhone 4, seen in this image courtesy of Apple, was unveiled by Apple CEO Steve Jobs at the 2010 Apple World Wide Developers conference in San Francisco, California, on June 7, 2010.  UPI/Courtesy of Apple/FOR EDITORIAL USE ONLY Photo via Newscom

First, the company won’t allow two-way video to work over its data network. Second, AT&T just made bandwidth-intensive video expensive by dropping iPhone and iPad’s $30 per month unlimited data plans and replacing them with a two-tiered plan of $15 a month for under 200 megabyte usage or $25 for two gigs. Not that I have a problem with AT&T charging me or the 2% of its customers who are heavy data users. I can always sign up with a competitor. Oh, wait. There are none. AT&T has an exclusive contract with Apple.

AT&T can easily build out enough capacity to handle heavy data users. But it may be playing a game of chess with the FCC over its attempt to impose "network neutrality" rules. The FCC (plus Google and friends) wants all users to have free rein to do what they want on the Internet and smart phones. AT&T just wants users to pay for excess bandwidth.

Both are fine and not incompatible goals, except that competition, rather than rules, will best set the right price and make it happen. But without more broadband capacity and much higher speeds, the productivity applications needed to drive the next wave of growth in the economy will be stillborn.

Read the rest here:

http://online.wsj.com/article/SB10001424052748703303904575293021509968904.html

See also:  AT&T Goes AOL on Data Hogs, Jr. Deputy Accountant 


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The Coming Apple iOS – Android Wars

The Coming Apple iOS – Android Wars

Courtesy of Edward Harrison at Credit Writedowns 

A model poses with the new Samsung Galaxy S Android smartphone during its launch ceremony at the headquarters of Samsung Electronics in Seoul June 8, 2010. REUTERS/Truth Leem (SOUTH KOREA - Tags: BUSINESS)

In my last technology post, I wrote that we are moving to an Internet-centric world where your computing device or operating system are less important because your data will live and breathe in the Internet cloud. Google, in particular, is preparing for this world because it has a dominant role in the Internet through search. But everyone is moving to an Internet-centric service and content delivery strategy.

The telecom providers understand that their networks make them gatekeepers who can extract rents from content providers. Having paid handsomely to build these networks, they are fighting to not become dumb pipes and resisting net neutrality in order to keep that gatekeeper role. This is one reason Google is trying to build its own network and circumvent the telcos. Eventually, I think the land-based telcos will lose and the battle will move to one between mobile operating systems like Apple’s iOS and Android. Although mobile phone operators may still be able to extract rents for a while longer than the fixed-line telcos.

The PC OS landscape

In the past, the operating system has been important in computing because it allowed the same software to be run on different computing devices, permitting users of those devices to transfer data easily as they were using the same software. But, the OS also benefitted as the more installed users one OS had, the more developers created software for the operating system. These network effects made achieving critical mass a defining factor. Going forward, network effects will also be important in monetizing OS-proprietary e-Commerce platforms like iTunes and Google’s new iTunes competitor.

One reason Apple was near bankruptcy before Steve Jobs re-appeared on the scene is because Apple’s Macintosh’s installed base had shrunk. I used a Macintosh from the mid-1980s but was forced to switch to a PC when I bought a laptop in the mid-1990s that I used both at home and for work. As the PC gained sway, millions of users like me were forced to give up the Mac. And, of course, that meant software developers gravitated to the PC platform and the Mac became a niche product.

The Move to the Internet-centric Model

As Internet bandwidth increased, more and more of what had to be done locally or over a local area network on…
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Why Does Steve Ballmer Still Have a Job?

Why Does Steve Ballmer Still Have a Job?

Courtesy of James Kwak of Baseline Scenario 

Microsoft CEO Steve Ballmer speaks at the Consumer Electronics Show in Las Vegas

So, after questioning the iPad, I bought one.* My primary motivation was that I wanted to be able to watch old TV episodes on the commute to and from my internship this summer, and I think an iPod Touch is just too small. I also bought an Android phone, because my three-year-old Motorola RAZR2 v9m (who comes up with these product names, anyway?) developed a crack in the hinge, and because I wanted the best camera I could get on a phone. (My #2 use for a phone is not email — it’s taking pictures and videos of my daughter.)

Anyway, catching up on the last three years of mobile technology has provided ample food for thought. I have a long post on the Apple-Google(-Microsoft) war rolling around in my head somewhere, which I will hopefully write down later this week. In the meantime, here’s John Gruber‘s verdict on Microsoft:

“Three years ago, just before the original iPhone shipped, here’s what Steve Ballmer said in an interview with USA Today’s David Lieberman:

‘There’s no chance that the iPhone is going to get any significant market share. No chance. It’s a $500 subsidized item. They may make a lot of money. But if you actually take a look at the 1.3 billion phones that get sold, I’d prefer to have our software in 60 percent or 70 percent or 80 percent of them, than I would to have 2 percent or 3 percent, which is what Apple might get.’

“Not only was he wrong about the iPhone, but he was even more wrong about Windows Mobile. Three years ago Ballmer was talking about 60, 70, 80 percent market share. This week, Gartner reported that Windows Mobile has dropped to 6.8 percent market share in worldwide smartphone sales, down dramatically from 10.2 percent a year ago.”

Steve Ballmer has been CEO of Microsoft since 2000. During his tenure, Microsoft came out with Windows Vista, perhaps the most unsuccessful operating system in modern history (Windows ME doesn’t count, since Microsoft’s core customer base was using NT/2000); it tried a “Microsoft inside” strategy in digital music and, when that failed, launched the Zune, which also failed; it watched Firefox (and Safari and Chrome) eat a large…
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What is Apple up to in China?

Ultimi Barbarorum takes a favorable look at Apple’s store openings in China.  Read on to learn why. – Ilene 

What is Apple up to in China?

Courtesy of Ultimi Barbarorum

Chinese women fan dance outside Apple store in Beijing

Baruch, in this post: A new piece of information, augmented by local insight, that amounts to yet another upside case for Apple. And yes, it involves the iPad.

The new information: This past Thursday, Apple revealed plans to open 25 retail stores in China. Currently, there is one swish Apple Store in an upmarket outdoor Beijing mall, with one more planned in Beijing and two in Shanghai this year. Opening Apple stores in Chinese cities that most foreigners have never heard of (The likes of Shenzhen, Hangzhou, Chongqing, Chengdu, Kunming —there are 25 such cities in China bigger than Chicago) betrays a whole new level of ambition in the Chinese market, beyond just servicing creative elites in their international watering holes.

But what could Apple possibly sell in those stores that the Chinese can afford en masse? Let’s put that question aside for a moment and look at these recent observations:

  • My Chinese teacher, upon visiting my apartment, ogles my 17-inch MacBook Pro and 24-inch Apple screen. She goes so far as to run her fingers over the logo. “Made in China!” she beams. There is pride in the fact that Apple devices are made here, even if the IP comes from elsewhere. They are obviously built very well, which is more than you can currently say about Chinese-assembled cars or buildings. Apple computers may well be the most famous high-quality product coming out of China right now, and the


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All About Trends

Mid-Day Update

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

Click here for the full report.




To learn more, sign up for David's free newsletter and receive the free report from All About Trends - "How To Outperform 90% Of Wall Street With Just $500 A Week." Tell David PSW sent you. - Ilene...

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Phil's Favorites

Interview with Mint.com - I Give ALL The Answers

Interview with Mint.com – I Give ALL The Answers

Courtesy of Michael of Bankers Anonymous 

Finance website Mint.com asked me some good questions for their blog. You can visit them there or enjoy the repost below.

[Mint.com] As a former Wall Street insider, what do you think is the average perso...



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Zero Hedge

This Is What The Entire World Frontrunning The ECB Looks Like

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

The market has had nearly two months in which to frontrun the preannounced ECB QE, and as DB summarizes "record European equity inflows this year ($30bn) have been driven by both domestic and foreign investors."

And this is what record central bank frontrunning - with Draghi not yet even lifting a finger to buy bonds (which as we reported last week may not even be there) looks like:

...



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OpTrader

Swing trading portfolio - week of March 2nd, 2015

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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Chart School

ISM Manufacturing Index: ISM Manufacturing Index: Slowest Growth in Thirteen Months

Courtesy of Doug Short.

Today the Institute for Supply Management published its monthly Manufacturing Report for February. The latest headline PMI was 52.9 percent, a decline from the previous month's 53.5 percent and below the Investing.com forecast of 53.0. This was the lowest PMI since January 2014, thirteen months ago.

Here is the key analysis from the report:

"The February PMI® registered 52.9 percent, a decrease of 0.6 percentage point from January’s reading of 53.5 percent. The New Orders Index registered 52.5 percent, a decrease of 0.4 percentage point from the reading of 52.9 percent in January. The Production Index registered 53.7 percent, 2.8 percentage points below the January reading of 56.5 percent. The Employme...

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Insider Scoop

Wunderlich Securities Downgrades Markwest Energy Partners LP On Current Valuation

Courtesy of Benzinga.

Related MWE Credit Suisse Lowers Price Targets On 8 MLPs Stephens & Co. Upgrades MarkWest Energy Partners To Overweight MarkWest Energy Partners Is A Perfect Income Growth Play (Seeking Alpha)

In a report published Monday, Wunderlich Securities analyst Jeff Birnbaum downgraded the rating on Markwest Energy Partners LP (NYSE: ...



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Market Shadows

Kimble Charts: Coal

Kimble Charts: Coal

By Ilene 

Chris Kimble's chart for KOL shows a recently beaten down ETF struggling to pull itself up from the ashes. As the chart shows, KOL has recently drifted down to levels not seen since the financial crisis of 2008-9.

Bouncing or recovering with energy in general, coal prices appear to have stabilized in the short-term. Reflecting coal prices, KOL has traded between $13.45 and $19.75 during the past year. Bouncing from lows, KOL traded around 2% higher yesterday from $14.26 to $14.48 on high volume. It traded another 3.6% higher in after hours to $15, possibly related to ...



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Sabrient

Sector Detector: Sector rankings stay neutral with few bullish catalysts on horizon

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

Courtesy of Sabrient Systems and Gradient Analytics

Stocks are hitting new highs across the board, even though earnings reports have been somewhat disappointing. Actually, to be more precise, Q4 results have been pretty good, but it is forward guidance that has been cautious and/or cloudy as sales into overseas markets are expected to suffer due to strength in the US dollar. Healthcare and Telecom have put in the best results overall, while of course Energy has been the weakling. Still, overall year-over-year earnings growth for the S&P 500 during 2015 is expected to be about +8%.

In this weekly update, I give my view of the current market environment, offer a technical analysis of the S&P 500 cha...



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Digital Currencies

MyCoin Exchange Disappears with Up To $387 Million, Reports Claim

Follow up from yesterday's Just the latest Bitcoin scam.

Hong Kong's MyCoin Disappears With Up To $387 Million, Reports Claim By  

Reports are emerging from Hong Kong that local bitcoin exchange MyCoin has shut its doors, taking with it possibly as much as HK$3bn ($386.9m) in investor funds.

If true, the supposed losses are a staggering amount, although this estimate is based on the company's own earlier claims that it served 3,000 clients who had invested HK$1m ($129,000) each.

...



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Pharmboy

2015 - Biotech Fever

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

PSW Members - well, what a year for biotechs!   The Biotech Index (IBB) is up a whopping 40%, beating the S&P hands down!  The healthcare sector has had a number of high flying IPOs, and beat the Tech Sector in total nubmer of IPOs in the past 12 months.  What could go wrong?

Phil has given his Secret Santa Inflation Hedges for 2015, and since I have been trying to keep my head above water between work, PSW, and baseball with my boys...it is time that something is put together for PSW on biotechs in 2015.

Cancer and fibrosis remain two of the hottest areas for VC backed biotechs to invest their monies.  A number of companies have gone IPO which have drugs/technologies that fight cancer, includin...



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Stock World Weekly

Stock World Weekly

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

Here's this week's Stock World Weekly.

Click here and sign in with your user name and password. 

 

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Option Review

SPX Call Spread Eyes Fresh Record Highs By Year End

Stocks got off to a rocky start on the first trading day in December, with the S&P 500 Index slipping just below 2050 on Monday. Based on one large bullish SPX options trade executed on Wednesday, however, such price action is not likely to break the trend of strong gains observed in the benchmark index since mid-October. It looks like one options market participant purchased 25,000 of the 31Dec’14 2105/2115 call spreads at a net premium of $2.70 each. The trade cost $6.75mm to put on, and represents the maximum potential loss on the position should the 2105 calls expire worthless at the end of December. The call spread could reap profits of as much as $7.30 per spread, or $18.25mm, in the event that the SPX ends the year above 2115. The index would need to rally 2.0% over the current level...



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Help One Of Our Own PSW Members

"Hello PSW Members –

This is a non-trading topic, but I wanted to post it during trading hours so as many eyes can see it as possible.  Feel free to contact me directly at jennifersurovy@yahoo.com with any questions.

Last fall there was some discussion on the PSW board regarding setting up a YouCaring donation page for a PSW member, Shadowfax. Since then, we have been looking into ways to help get him additional medical services and to pay down his medical debts.  After following those leads, we are ready to move ahead with the YouCaring site. (Link is posted below.)  Any help you can give will be greatly appreciated; not only to help aid in his medical bill debt, but to also show what a great community this group is.

http://www.youcaring.com/medical-fundraiser/help-get-shadowfax-out-from-the-darkness-of-medical-bills-/126743

Thank you for you time!




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Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

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Ilene is editor and affiliate program coordinator for PSW. She manages the site market shadows, archives, more. Contact Ilene to learn about our affiliate and content sharing programs.

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