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.
Nice intraday trading calls this week Phil. You have me hooked on trading SPY options analogously to your DIA moves. I paid some tuition the last few weeks but I think I have the hang of it. Don't be greedy and be happy with 0.05 to 0.10 and sometimes you're lucky with much bigger moves. Thanks for the training!
The strategy you have laid out pretty much mirrors much of my trading activity. I also mix in some momentum plays and "drop dead" bargains that come across my radar. My YTD trading profit is 63%. Back in March when Phil said "unless you think the world is coming to an end, then NOW is the time to start taking positions in Buy/Writes with the VIX so high." I jumped in with both feet - ( thanks, again Phil)
Well that was a fun day. Cashed out my GS 140 calls for about 35% profit and my AAPL calls for 38% gain. Not bad for 40 minutes of work. Back to 85% cash.
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!
I love volatile days like this when you can make a bunch of money on these big swings. As long as you have Phil on your side calling the bottoms and the tops of course.
SPY/Phil, I took a big swing on January 26th following your advice to another member and bought 1615 contracts of Mar 185/190 BCS on SPY that will expire ITM today paying $290,700 on the $500k bet. I thought it might be fun to see what a winning trade looks like. Great call on your part and looking back it seems pretty obvious.
Phil, Passed a milestone today since joining 2 months ago. 25% of my account is in buy/writes, bull call spreads and disaster hedges. A majority of the trades were taken directly from your ideas or someone else`s contributions. Some were daytrades that became spreads.
That part of my account is up 30% as of today. I don`t worry about it, or mess with it much, did a few rolls etc.
Rest of the account is there to day trade, cover the writes and take advantage of opportunities.
Thanks to everyone who contributes here, what a sweet way to trade, so many opportunities.
Have been a member for about 6 months or there abouts. Signed up for a quarter at first and then for a year. To me, and it's only my opinion, it's an investment and I have made the membership fees back many times over on the strategy advice. Since joining and implementing the strategy of buy/writes and hedges I have cut my portfolio losses for the year and have a really good chance of going positive this year. If I would have continued down the road I was on, I would still have been fumbling around without a strategy and completely inept in what I was doing. I feel now the strategy is working and I am far more comfortable with the risks I am taking. I still have a lot to learn but I feel the fees have been one of the best investments I have made. The returns have been fantastic. Still have problems with the politics but hey nobody is perfect
Hey Phil – I ignored your call to sell those AAPL $580s for $1 so not sure whether to thank you or not (just kidding) for my $5 winner. Actually I want to thank you from the bottom of my heart, that was an uncanny call.
I would like to thank Phil and PSW crew for the insight and assistance (even the liberals).
In December I initiated long stock positions buying stock, writing calls and puts in AAPL, WFR and CHK (scaling in and out). Over the last week I have been trimming back my positions selling stock and taking out my callers and putters. I am now back to my initial 25% position that I started with in December. However this time, my cost basis on shares AAPL, WFR, and CHK is $0! With money to spare from those positions.
PSW AC Conf: For those who may be on the bubble, I attended my first PSW LV in November. It was a real eye-opener. What I accomplished in a couple of days of exposure to Phil, Pharm, Craig, et al made my previous couple of years of hanging around the web site seem silly. If you are inclined in the slightest, you really should go. Just rubbing shoulders with other PSW members proved to be really valuable. Strictly on the basis of value, it's a great deal. You will have real time conversations with Phil and the gang and they will get to your questions and agenda items.
Phil/thankyou. Phil, I went over the recording of last weeks webinar. I liked it a lot and wanted to thank you. I thought the case studies (company reviews) were detailed, I learned more about selling puts process and also what happens if stock continues to go down after that, I liked the fact that we discuss so many different avenues like stocks, optiond, futures, oil, commodities etc… I replayed portions of it multiple times to make sure I was grasping it but wanted to say good job. Thanks…
PHIL: The most important lesson I have learned is how to hedge using SQQQ, SDS and TZA. A big thanks.
I have been a member of Phil's site for three years and counting, and my advice is that all investing takes time. There are o shortcuts, no secret way to riches. Same with Phil's site- you need time and patience to start benefitting fully from his advice. But it is often spot on and also very useful, especially to me as I try to keep a level head in this turbulent stock market environment.
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
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.
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, 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, 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 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.
Way back did 20 of your suggested short BP Jan 11 26 P @ 4.3 now .85 — sold half. this am —
paid for a years sub AGain!! thank you very much!
Speaking of the "Man Who Planted Trees", it really works. I bought BTU back in March at $49.87. I practically bought it at the tippy top. However, I soon afterward found this site, started learning Phil's methodology(and those in the strategy section) and began selling calls/puts regularly against my bad position. As of yesterday, I still own the original 100 shares, but have brought my basis down by over $11.00. Couldn't be happier, what started out as a really bad entry, I have managed to work down to a good basis. Had I not watched that video and learned your system, I would sold out of the position, and been kicking myself for making such a bad entry.
Personally I admire and respect you disciplined approach to investing. My style is at the extreme side of aggressive and I have to learn how to be less that way. If I yell " Let it Ride" at my house, no one says a word so I can't use that to temper my behavior. Phil has done a pretty good job of knocking some of my potential moves and as a result, I have increased my portfolio value by almost 25% since late July.
I have to thank you for excelling yourself during this past week. I have spent a good few hours going over your notes and comments and there are so many gems on repairing and rolling trades that I have been beavering away on paying special attention to my major positions and analysing them using your approach on Tuesday. Being able to look at a group of trades on the same underlying (in this case AAPL) and taking a detached view by assessing the impact of the underlying reaching different price points was extremely reassuring.
Phil, I've got to give you props on the ICE spread play. Tremendous call! I jumped in on Friday when you made the recommendation and closed out today. Nice 57% return ($2,300) over a mere 3 trading days! This is why I dig your site!
I subscribed to Phils Stock World full service for a year or so and found that it was extremely helpful. Now I just get the Stock World Weekly summary, which I find invaluable.
Phil does not baby people and certainly can't make someone into a successful stock operator who does not make the effort on their own behalf, but he is extremely generous with his time in answering newbie questions.
Although I found it difficult to follow and implement all his trades in real time, what I did find was that once you got the hang of his methodology and way of thinking, you could work out your own trades and be quite successful. Even just using his patent Rule Number One* alone is worth its weight in gold. Rule Number Two is even better.
Rookie IRA Investor
I took $2 (up 133%) and ran on those USO puts, quite a bit more than the 20 you played in the $25KP. Thank you once again for turning a bad market week into a great personal week. You will be happy to know I am back to cashy and cautious with a few of your favorite longs into the weekend. Thanks to Phil, JRW and all the members who share their knowledge here.
Thanks, Phil!!! I just crushed today with it with silver (SLV) calls today, thanks to your persistent reminders of how ridiculously cheap it has become, and watching my TSLA this week $240 puts dissolve into chump change added an extra note of amusement.
I traded with Phil for approximately three years, and consistently averaged 80% returns yearly... some of which was due to my skills as a trader, but much was a direct result of what I learned as a member of Phil's site.... both from Phil, and the many talented traders that hang out there. Phil... if you are reading along... thanks, again for the approximately $ 3 mil I made tagging along with you.... in order to make you feel good for the work you did... I gave the government 50% of it all, so you made your contribution....
No man born with a living soul
Can be working for the clampdown
Kick over the wall 'cause government's to fall
How can you refuse it?
Let fury have the hour, anger can be power
D'you know that you can use it?
The voices in your head are calling
Stop wasting your time, there's nothing coming
Only a fool would think someone could save you
In these days of evil presidentes
Working for the clampdown
But lately one or two has fully paid their due For working for the clampdown – The Clash
Portugal said in September it would cut the wage bill by 5 percent for public workers earning more than 1,500 euros ($2005) a month, freeze hiring and raise value-added taxes by 2 percentage points to 23 percent to help reduce a deficit that amounted to 9.3 percent of gross domestic product last year. The measures are included in the government’s 2011 spending plan, which faces a final vote in parliament on Nov. 26. “The strike arises in a context of a set of measures that are quite significant and have social impact,” said Carlos Firme, a director at Lisbon-based Banif Banco de Investimento SA. “It’s natural that there are demonstrations of discontent.”
I'm sure King George's Bankster buddies told him the same thing when the American colonists expressed their "discontent" – Don't worry my King, there's sure to be some grumbling from the peasants but your stimulus package is working wonderfully – now come outside and check out the golden horseshoes I put on my carriage team!
We were able to add a little bling to our own rides as those QQQQ $53 puts I told you about in yesterday's morning post, which we picked up in Member chat on Monday at .45, opened at .75 and flew on up to $1.25 (up another 110% from Monday's entry) and pulled back to finish the day at .98. We were, of course, very happy to…
Today most Americans consider the United States to be "the sole remaining superpower" – absolutely unparalleled economically and militarily. But the truth is not anything close to that. As we detailed in a previous article, China has become a very dominant economic and military superpower. But there is another world superpower that the American people and the American media are not taking seriously. The Russian Bear has awakened, and yet most people in the U.S. think of Russia as a Cold War opponent that we "defeated" and which is now a shell of its former self. The recent Russian spy case is a perfect example of the tremendous lack of respect which the American public has for Russia these days. It is almost as if the media is saying: "Oh look, isn’t it so cute that these little Russians are spying on us as if the Cold War was still going on?" But the truth is that it is a massive error to underestimate Russia. Today it is a fact that Russia is stronger both economically and militarily than it ever has been before.
You doubt this?
Quick – name the number one oil producer in the world.
Does a current censorship trial in Moscow indicate a return to the old Soviet ways of doing things, although it’s a newly resurgent Russian Orthodox Church we’re talking about here? A 2007 exhibit featuring some controversial art (such as the painting above, and another of Mickey Mouse as Lenin) was supposed to be againstcensorship of the arts, but has instead turned its curators into the poster boys for religious censorship. Now, after a 14-month trial, Yury Samodurov and Andrei Yerofeyev face up to three years in prison:
Even Russia’s culture minister says the two men did nothing to break the law against inciting religious hatred.
But the prosecutors refuse to back down and have demanded a three-year prison sentence when the judge makes her ruling on July 12.
The exhibit “Forbidden Art” at the Sakharov Museum, a human rights center named after celebrated dissident physicist Andrei Sakharov, featured several paintings with images of Jesus Christ.
In one, Christ appeared to his disciples as Mickey Mouse. In another, of the crucifixion, the head of Christ was replaced by the Order of Lenin medal, the highest award of the Soviet Union.
The directors of the exhibit were unprepared for the amount of hate it has generated in Russia, a country that was considered officially “atheist” during the era of the Soviet Union. Now it appears there is less separation between church and state in Russia than in the US of A. I doubt that painting would merit more that a few disgruntled remarks, even in the deep South!
“For want of a nail . . . the kingdom was lost.” Will Greece’s debt crisis lead to a Greek debt default and the collapse of the euro and an ensuing collapse of the 27-member European Union (or EU), and trigger the next round of crashes that will be described by economic historians decades from now as “the Great Depression II”? The assassination of Archduke Franz Ferdinand of Austria and his wife in Sarajevo, Serbia brought the tensions between Austria-Hungary and Serbia to a head. In turn, it is said this triggered a chain of international events that embroiled Russia and the major European powers; and World War I broke out in Europe. Will Greece’s debt crisis set a series of events in motion that sends the world into a downward economic spiral of unfathomable proportions?
For years, I have wrestled with the question of whether the Europe would collapse economically, politically, socially and militarily. Sounds absurd, you say? The countries are too interwoven and mutually dependent now for that to happen, and at the very least they will muddle along, making the worst of the best situations, and achieving the lowest common denominator? The United States of Europe, they are not and never will be, but they have achieved a degree of cohesiveness that I never thought was likely years ago.
I believed jealousies and rivalries and, yes, the hatreds of the past would linger barely beneath the surface, coming unglued at the most inopportune times when it really mattered the most. When the chips were down, I felt the EU would splinter and fall apart; and that its participants and the world would write it off as a noble experiment that failed, much like the League of Nations. After all, its successor—the United Nations—is considered to be a colossal joke by Americans, many of whom would love to see it shipped to Europe, and its building on the East River in Manhattan bulldozed and turned into a park, or made into co-ops or condominiums.
The bitter hatreds of the past seem to have subsided in Europe though, and it has become a cultural melting pot, more and more. Airbus was the first tangible sign of economic integration that I never thought would…
L: Doug, I’m in Belarus this week, a pit stop to help some of my students with their various business ideas. I’m struggling with my Russian, but getting along. And that has me thinking about Russia’s role on the global economic stage. I know this is something you’ve given some thought to… What do you think? Is Putin out to take over the world? What do investors need to keep in mind?
Doug: Well, the first thing to keep in mind is that any time you’re talking about a large group of people, I think it’s about 150 million in Russia’s case, it’s hard to generalize. Russia makes headlines, being one of the BRIC countries (Brazil, Russia, India, China), which are "emerging" economies seen as a sort of wave of the future. But I have to say that Russia doesn’t really belong in this group. We may lose some Russian readers by my saying this, but while Russia has a lot of resources and should have a bright future, I don’t think it will.
L: Whoa, I didn’t see that one coming. Why?
Doug: There are many reasons, and it’s hard to tease out which one is the most important driver, but taking it all together, including Russia’s history and resulting culture, I just don’t see that Russia has The Right Stuff. That culture, which is transmitted explicitly, verbally, and more subtly, attitudinally, is one shaped by centuries of state oppression. It has strong streaks of isolationism, collectivism, and brutal authority. Russia’s long history is full of sadness, fear, and violence. It’s been relatively calm for the last few years, but that’s a drop in the ocean of Russian tears.
L: Hm. They suffered under the Tsars, threw them out, only to get a greater tyranny in the form of a totalitarian socialist regime, which actively suppressed the kind of individual creative virtues that make for success on the global economic stage. I guess I could see that as a cultural handicap…
Doug: Think of it this way – if you keep mowing down the tallest poppies in a field of poppies, pretty soon…
The Nikkei ran up to 10,986 this morning and the US futures are flying. Why? Who cares – it’s a RALLY and we all love rallies because, if the stock market is rallying then everything must be great. Things are, in fact SO GREAT that the market doesn’t even care that 35 people were blown to bits on the Moscow subways this morning. Just in case you are keeping score: If people are killed in London – Big crash. If people are killed on a Spanish train – Big crash. If there is even a scare in New York – Big crash. 2 separate attacks killing 35 people and injuring 65 more in Russia – Big rally. That’s the New World Order, I guess…
Perhaps we are just getting used to terror attacks but why then, do oil and gold spike and why is there a $30 per barrel "terror premium" in the price of oil if our reaction to an actual terrorist attack in one of the World’s largest cities is to jam the US futures up 0.5%? Perhaps part of the problem is that oil, like gold doesn’t actually exist. That’s right – we already know that the NYMEX trades over 4Bn barrels worth of contracts per month and delivers less than 30M – so the physical barrels of oil to the traded number of contracts is a ratio of 1:133 or 0.67%, almost a rounding error to zero. Well, it turns out that gold is just as bad as last week’s CTFC Public Hearings on Precious Metals reveal gold trading to be nothing more than a huge Ponzi scheme in which there are over 100 times more contracts for gold than there is physical gold. Here’s a great video of the testimony, and a part 2.
1,625 tons of gold are mined on an annual basis but the LBMA is trading 20M ounces (625 tons) PER DAY or 150,000 tons a year, which is the sum total of ALL the gold that has EVER been produced in history and roughly 100 times the actual physical float of gold and most of that float is being churned over and over by the various ETFs (see chart) who have been doing 1/3 of the world’s buying for the past 5 years.
Does the lack of actual gold make the bullion you hold more valuable? That’s…
It is rather curious how people refuse to see obvious things. This is why so many things are ‘unexpected’ or a ’surprise’. People who do see obvious things are called ‘cynics’. Cynics are the exact opposite of banking gnomes and their ilk. Cynics disparage wealth and power in order to see reality and truth. Often, cynics go around telling people, ‘You are doomed’ which makes them party poopers. But then, often, they are right.
The Cynics (Greek: Κυνικο?, Latin: Cynici) were an influential group of philosophers from the ancient school of Cynicism. Their philosophy was that the purpose of life was to live a life of Virtue in agreement with Nature. This meant rejecting all conventional desires for wealth, power, health, and fame, and by living a life free from all possessions. As reasoning creatures, people could gain happiness by rigorous training and by living in a way which was natural for humans. They believed that the world belonged equally to everyone, and that suffering was caused by false judgments of what was valuable and by the worthless customs and conventions which surrounded society. Many of these thoughts were later absorbed into Stoicism.
The first philosopher to outline these themes was Antisthenes, who had been a pupil of Socrates in the late 5th century BCE. He was followed by Diogenes of Sinope, who lived in a tub on the streets of Athens. He took Cynicism to its logical extremes, and came to be seen as the archetypal Cynic philosopher. He was followed by Crates of Thebes who gave away a large fortune so he could live a life of Cynic poverty in Athens. Cynicism spread with the rise of Imperial Rome in the 1st century, and Cynics could be found begging and preaching throughout the cities of the Empire. It finally disappeared in the late 5th century, although many
As I said in my Weekly Wrap-Up, recessions are for wimps and kudos to the Fed for finally pulling out the stick after all the soft talking they've been doing. Meanwhile, I do not see what all the fuss is about – I did the math for Members last night and banks borrow about $89Bn at the discount window on a good day and 0.25% of $87Bn is a grand total of $22M – this is NOT going cause the fall of Western Civilization people! What it does do is stop making the Fed the lender of first resort, which was never supposed to be their function in the first place.
Speaking of banksters – Kudos to Matt Taibbi for his excellent Wall Street’s Bailout Hustle. As I said to Members, if it wasn't for Matt and Dylan Ratigan, I would have to be writing about this stuff instead of following the markets. Thank goodness there are a few top-notch people investigating this nonsense with the ability to communicate their findings in a way that makes it interesting:
The nation’s six largest banks — all committed to this balls-out, I drink your milkshake! strategy of flagrantly gorging themselves as America goes hungry — set aside a whopping $140 billion for executive compensation last year, a sum only slightly less than the $164 billion they paid themselves in the pre-crash year of 2007.
The question everyone should be asking, as one bailout recipient after another posts massive profits — Goldman reported $13.4 billion in profits last year, after paying out that $16.2 billion in bonuses and compensation — is this: In an economy as horrible as ours, with every factory town between New York and Los Angeles looking like those hollowed-out ghost ships we see on History Channel documentaries like Shipwrecks of the Great
In "Agenda: With George Friedman," the CEO of global intelligence company Stratfor suggests that three Islamic states — Iran, Afghanistan and Pakistan — will be "the focus of intense conflicts" in 2010."
At least one Middle East commentator would probably say that talk of "intense conflicts" in the region is a major understatement. In a report at the American Chronicle, "2010 Will Witness the Most Destructive Wars in Modern History" (originally written in Arabic and translated into English by Lebanese Canadian Coordinating Council Chairman Elias Bejjani), journalist and analyst Hamid Ghoriafi sets out a much more disturbing vision of what lies ahead:
Middle East analysts predict that the year 2010 could make the past nine years look laughable considering the kinds and ferocity of tragedies that might hit the region that has been a violent battlefield for four crushing wars.
The first two are the Taliban regime of Afghanistan and that of Baathist Saddam Hussein in Iraq which were toppled by force in response to the 9/11 terrorist attacks by Osama bin Laden’s Al Qaida group that targeted New York´s twin towers and the Pentagon in Washington.
As a result of this deadly attack, Lebanon’s political and military map was changed in the aftermath of the 2006 Israeli-Hezbollah war. By the end of this devastating war, an Israeli security belt was established inside the entire southern Lebanese territory as far as 20 miles to the south of the Litani area.
In 2000 Israel withdrew its troops from a previous security belt in southern Lebanon, to a distance not exceeding four kilometers. This new wide Israeli belt on her borders inside Lebanon is maintained by a force from 34 countries under the UN flag, and not by her own troops as was the situation before 2000.
Meanwhile, Lebanon, Syria and Iran were forced to approve the redeployment of the Lebanese army in the entire southern region, including the Lebanese –Israeli borders after it was driven away by the Syrian occupation all through its 30-year occupation of Lebanon.
At the same time, the Syrian occupation of Lebanon was knocked out in a successful political war in 2005 in which the Lebanese "David" defeated the Syrian "Juliet" and the Syrian army was forced to withdraw from Lebanon with
As regular readers know, Le Proprietaire was doing business in Russia, mostly in Moscow and St. Pete, in the 1990′s as part of the overall international business portfolio during his past corporate life.
It was an exciting and somewhat nerve-wracking experience, but one that vividly drove home certain lessons about government, currency, and the resilience of the human spirit that have served well in the following decade. Moscow Memories of 1997
I have to admit I was not aware of this series about Russia by the Wall Street Journal, given a long term preference for The Economist and The Financial Times. Thanks to Zero Hedge for bringing this story about it from The Nation (which I would have never read, being a long time conservative) about the Journal and Steve Liesman to light.
As someone involved there I can say that anyone who did not perceive the growing crisis was living in a bubble, or carrying some particularly optimistic slant in their outlook.
The decline of the Russian economy was oppressive, palpable, almost on everyone’s mind. Hard to miss, even at the occasional showy party in English thrown by western corporations for an audience largely made up of ex-pats. The move out of the rouble into just about anything else with substance was becomng a groundswell, later to become unstoppable default. Any presentation about a Russian venture in the 1990′s had better contain some plans regarding currency risk.
But why bring this up now? Le Cafe has no particular squabble with the Liesman, and since we do not watch CNBC anymore, are largely immune to whatever it is he says that does not appear in a youtube excerpt, generally involving his getting owned by Rick Santelli.
We bring it up because this article below exposes the typical modus operandi of the Western press, now and over the past twenty years. Carry a party line until the situation explodes, cover it up and distract the public with phony debates and verbal circuses, and then back to give breaking coverage of Armageddon, with a twist of shared guilt. No one is to blame.
Can you remember the coverage of the tech bubble of 2000 by the media? Giddy excitement as the numbers climbed…
China’s bid to expand its economic presence in Eurasia – embodied in its “Belt and Road” initiative – requires a major upgrade of railway capacity, especially in Central Asia. Planning and implementing the upgrade entails significant challenges involving coordination, both domestically among various Chinese state agencies and entities, and internationally between China and Central Asian states.
The US economy is on "pause" because of the new administration, according to Blackrock's Larry Fink, and Trump's tax proposals are unlikely to spur enough economic growth (due to demographics), leaving America "on the path to exploding deficits."
Just a week after the CEO of the world's largest asset manager said that “the warning signs are getting darker" and pointed to slowing auto ...
Could historical outflows present an opportunity? Yesterday Sentimentrader.com reported that outflows from Gold Miners ETF’s GDX and GDXJ topped $800 million on 4/26, the largest single day outflows in history.
Below looks at Gold Miners ETF GDX, reflecting where these large outflows took place.
Andrew Ritter, co-founder and president of Ritter Pharmaceuticals Inc (NASDAQ: RTTR), has found his niche.
There are currently no FDA-approved treatments or reliable over-the-counter remedies for the 40 million Americans suffering lactose intolerance, and to Ritter’s surprise, no biotech firm except his is focusing in on the space.
It was another quiet day for indices but the Semiconductor index was able to add over 1% on the day. This also helped post gains to the Nasdaq 100, although there was a relative gain for the Semiconductor Index against the latter index.
The Nasdaq 100 registered an accumulation day despite its underperformance against Small Caps. The index remains well placed to make a move to upper channel resistance.
US dollar prices for virtual currencies are soaring. Both Bitcoin ($1343 highs) and Ethereum (as we described previously) are at new record highs as China regulators/exchanges appear to have 'stabilized', fears over the so-called 'hard fork' have abated, and hopes for an ETF have been revived by an SEC review.
Back above the price of gold and at record highs, Bitcoin rallied notably overnight after China's largest bitcoin exchanges introduced a flat 0.2% fee on eac...
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
I was asked by my local investment club to do a presentation on "how to buy a stock?" As I pondered the question, I began by noting all the elements that I monitor regularly and which come in to play as part of my decision process. As the group is comprised novices to experts, I tried to gear my discussion to cover both basics and more advanced concepts.
Four Part Discussion
Macro Economic Indicators
1. Macro Economic Indicators
We'll start with reviewing some basic concepts and measurements that have direct effects on the stock market.
A few days ago I noted that Republican views of the economy changed dramatically when Donald Trump was elected, but Democratic views stayed pretty stable. Apparently Republicans view the economy through a partisan lens but Democrats don't.
Reminder: Pharmboy is available to chat with Members, comments are found below each post.
PSW Members....it has been a while since my last post, but since many have all been on the board following the chat, it is time for a scientific lesson in a few of the companies we are long. In addition, another revolution is coming in the medical field, and it will be touched upon as well.
CAR-T - stands for Chimeric antigen receptors (CARs) and the T is for T-cell.
From the picture above, T-cells are one cell type of our immune system that fight off infection as well as they are one player at keeping rogue cells from becoming cancerous. Unfortunately, cancer somehow evades the immune system and so it begins.
CAR-T came along in the late1980s via a brilliant scientist, Zelig Eshhar...
Phil has a chapter in a newly-released eBook that we think you’ll enjoy.
In My Top Strategies for 2017, Phil's chapter is Secret Santa’s Inflation Hedges for 2017.
This chapter isn’t about risk or leverage. Phil present a few smart, practical ideas you can use as a hedge against inflation as well as hedging strategies designed to assist you in staying ahead of the markets.
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