by ilene - April 30th, 2010 2:23 pm
Courtesy of Zero Hedge
by ilene - April 30th, 2010 2:23 pm
Courtesy of Zero Hedge
March 11th, 2014 11:05 pm
Submitted by Tyler Durden.
The bankruptcy of the once largest Bitcoin exchange may be history, but now the real drama begins.
First, over the weekend, allegations surfaced that not the whole truth may have been revealed during the heartfelt announcement by Mt. Gox CEO, Mark Karpeles, who claimed that $400 million in Bitcoin were stolen by hackers. As Forbes reported, hackers took over the Reddit account and personal blog of Mark Karpeles, to reveal that the exchange he ran had actually kept at least some of the bitcoins that the company had said were stolen from users.
"It’s time that MTGOX got the bitcoin communities wrath instead of [the] Bitcoin Community gettin...
March 11th, 2014 11:04 pmHow Tesla Got Outspent And Outgunned In Jersey
Here was the score after Tesla Motors spent more than a year attempting to establish a direct sales operation in New Jersey: 0 to 696,749.
It was a blowout.
The luxe electric car company was outraged Tuesday when the The New Jersey Motor Vehicle Commission approved a proposal banning auto manufacturers from selling cars directly to consumers. In a blog post and series of tweets Tesla blamed the move on bad faith negotiating by the administration of Gov. Chris Christie and "attacks" from the New Jersey Coalitio...
March 11th, 2014 5:35 pm
Courtesy of Doug Short.
Like yesterday, there was little economic news to influence the market. The S&P 500 opened fractionally higher, dipped briefly into the red and hit its 0.28% intraday high shortly before 11 AM. The index then sold off in a couple of waves to its -0.71% intraday low shortly after 3 PM. It trimmed its decline by the close to finish down 0.51, which puts it 0.55% below its record high on Friday. Tomorrow is another day of no significant US economic news, although the Eurozone's Industrial Production will be announced before the US markets open.
The yield on the 10-year note closed at 2.77%, down 2 bps from yesterday's close. The interim high was 3.04% at the end of 2013.
Here is a 10-minute snapshot of the week so far.
Volume was 13% below its 50-day moving average.
The S&P 500 is now up 1.04% for 2014.
March 11th, 2014 1:40 pm
Reminder: David is available to chat with Members, comments are found below each post.
March 11th, 2014 1:27 pm
March 11th, 2014 12:39 pm
Submitted by GoldCore.
DAILY PRICE REPORT
Today’s AM fix was USD 1,348.00, EUR 973.57 and GBP 810.44 per ounce.
Yesterday’s AM fix was USD 1,334.25, EUR 961.55 and GBP 800.87 per ounce.
Gold rose $0.7 or 0.05% yesterday, to $1,339.90/oz. Silver dropped $0.08 or 0.38% to $20.81/oz.
Gold in US Dollars - 1 Year (Bloomberg)
Gold rose in all currencies again today and headed towards a four month high in dollar terms as the standoff between Russia and Ukraine led to demand for gold as a haven. Silver surged 1.4%, platinum added 0.3% to $1,481.60/oz and pal...
March 11th, 2014 12:00 am
Courtesy of Benzinga.
Steven A. Cohen, the founder of one of the world's most successful hedge funds, has ripped off his initials from the fund originally named SAC. The company will now be named Point72 Asset Management.
The new name was chosen because its headquarters is based at 72 Cummings Point Road in Stamford, Connecticut.
SAC Capital Advisors LP was started by Cohen in 1992 and, according to the Wall Street Journal, the new firm will primarily manage Cohen's personal fortune, which ...
March 10th, 2014 7:37 pm
Today was the beginning of “spring break” for the market. At least it seemed that way with a very low trading volume of only 600M shares on the NYSE. Either the college crowd does more trading than we imagined or parents are taking the week off as well.
The market barely woke up for the session with the S&P 500 down 0.05% and the NASDAQ down 0.03%. However, the DJI must have gotten extra sleep this weekend as it was up 0.21%. Small caps took a bigger hit with the Russell 2000 dropping nearly 0.50% percent. There was nothing major in the news other than a disappointing trading figure from China. Indeed, the whole week will only include a meager four major economic reports with Wholesale Inventories tomorrow, Retail Sales and Jobless Claims on Thursday, and Producer Price In...
March 10th, 2014 9:47 am
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...
March 9th, 2014 3:05 am
Newsletter writers are available to chat with Members regarding topics presented in SWW, comments are found below each post.
Please click on the new Stock World Weekly and sign in with your user name and password.
We discuss the Ukraine/Russia conflict, Bitcoin, and more. We also share some new trade ideas from Phil.
January 12th, 2014 2:12 pm
Reminder: Pharmboy is available to chat with Members, comments are found below each post.
Ladies and Gentlemen, hobos and tramps,
Cross-eyed mosquitoes, and Bow-legged ants,
I come before you, To stand behind you,
To tell you something, I know nothing about.
And so the circus begins in Union Square, San Francisco for this weeks JP Morgan Healthcare Conference. Will the momentum from 2013, which carried the S&P Spider Biotech ETF to all time highs, carry on in 2014? The Biotech ETF beat the S&P by better than 3 points.
As I noted in my previous post, Biotechs Galore - IPOs and More, biotechs were rushing to IPOs so that venture capitalists could unwind their holdings (funds are usually 5-7 years), as well as take advantage of the opportune moment...
December 3rd, 2013 6:03 pm
Bloomberg Brief Economics - An award winning newsletter now available to the public. Click here to find out more and for your free trial....
September 29th, 2013 10:56 pm
Welcome to the fouth update of the IRA Virtual Portfolio. First I am going to summarize the current state of the Portfolio then I will get into all the activity we had during September expiration.
Profit and Loss – Net of closed positions the portfolio is up a total of $769
Market Commentary – Last expiration I said, "I would like to put a total of $20,000 to work by the end of SEP expiration. If the VIX pops up to around 20 I plan to put about $50,000 total to work." The market didn't quite reach the goal but I did manage to deploy $15,000 of buying power. I still feel the market is too high and expect a correction during October. If the vix pops up to around 20 I still plan to put about $50,000 to work. If a correction doesn't happen I still plan to have a total of $25,000 in buying power put to work by October expiration. Now on to the act...
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...