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Posts Tagged ‘YRCW’

Friday the 13th’s Follow-Through Failure Forecast

chartHappy Friday the 13th!

Will the market's luck change today or will we break through the mirror at 1,297 on the S&P which could spell 7 years of bad luck for the bears (or maybe 7 weeks).  

Surly Trader has a chart (see Phil's Favorites) that says only 9% of the S&Ps sales come from Europe, which means we really shouldn't care so much what they do but he also has a frightening chart of the Baltic Dry Index, which has fallen off a cliff since mid December and that matches up with this terrifying collapse in Rail Traffic that started earlier and also isn't finished.  

SPY 5 MINUTEThe last time intermodal traffic dipped to this level, we were in denial that we were in a Recession and indeed the Dow continued to march from 11,500 in January of 2008 all the way to just above 13,000 in May before it began the long march to 6,600.  

Of course, a pessimist may say that by the time traffic had dropped this badly, it was December and the Dow ars already at 8,000 or an even bigger pessimist may point out that, since these are year over year comparisons, that we've never even recovered the original 20% drop and now we're down again and worst than we were at the time.

But I don't like to be a pessimist so I'll just quote David Fry, who titled yesterday's post: "Bulls Blind to Bad Data Once Again," noting:

In the eurozone today ECB president Draghi decided the best defense is a good offense and cleverly spun a yarn that his policies are working. Draghi further states that “interest rates will remain low for an extended period”…where have we heard this before? This statement caused the euro to rally about 1% on the day perhaps squeezing some shorts.

 


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Thursday Fix – Victory In Our Time!

You ask, What is our aim? I can answer with one word: Victory—victory at all costs, victory in spite of all terror, victory however long and hard the road may be; for without victory there is no survival. – Winston Churchill 

I do HAVE to say "I told you so!"  

When I was interviewed on Monday and they asked why I’m bullish, I replied that "stimulus trumps everything" and that’s what we’ve been playing for, especially in our new White Christmas Portfolio, which will be off to a rockin’ start with the aggressive upside trades that I not only mentioned in yesterday’s post - which made easy fills yesterday morning, as the markets shook out the last of the weak hands on yet another rumor-driven dip.  

We got our daily double on the AGQ calls, as expected and SSO fell all the way to $44.20 (150% profit on that trade if they finish Friday above $45) while FAS dropped $13.35 and that spread will be good for a 2,100% gain if FAS can get back to and hold $14 – which should be a snap thanks to our friends at the EU.  

In the morning Alert to Members, I put up this cute little Gif to illustrate the day’s action and it was a real roller-coaster day but we stayed generally bullish, taking quick profits off our morning bear plays on DIA and USO.  We added a bullish trade ideas for AMZN (complex spread), TNA (short Nov $40 puts at $3.60) but that was it for the day because my comment to Members at 11:01 was: "Dollar rejected at 76.80 – still hope for the bulls!"  

Well, those bulls were us and we already had our bets in place from last week, when things were cheaper so there was nothing to do but watch as the markets took off like a rocket from that point forward.  Heck, we were so bullish we even sold NFLX puts (Nov $67.50 puts for $3) as a bullish offset to a DXD hedge (which we’ll pull the bottom of today).   On Monday we had picked up bullish trades on AAPL and GLW and I mentioned EWG in Friday’s post (those should be looking good this morning!) as well as our plays to go long in the Russell Futures at…
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Magical Monday – All “Fixed”!

SPY 5 MINUTEOh what BS!

Still, it’s BS we expected, isn’t it?  What did I tell you in Friday Morning’s post?  I said: "Our plan for the day (as we’ve been short all week) is to get back to cash for the weekend but I’m sure we’ll find some speculative upside plays (like USO at $37) to play (we already went long on Silver in the Morning Alert to Members)."  I followed that up with my 9:40 Morning Alert to Members, where my specific trade ideas for the morning, while the market was plunging, were:  

  • USO Next week $36 calls are $1.45 so 10 of those in the $25KP with a stop at $1.20.
  • TNA Aug $69/73 bull call spread is $2 and you can sell the $51 puts for $1.20 and that’s my favorite index play at the moment. Of course any bullish offset would work but this one is focused on the RUT and betting it won’t drop another 8% by Aug expiration (725).

How’s that for a bottom call?  That was right into the panic lows and,  at 9:48 I reiterated my call right at the dead bottom, saying to Members: "Volume is not very high – this is a retail panic so far. If you have short positions, strongly consider put tight stops on them (this includes the $25KP and Income Virtual Portfolio) as they put plenty of cash in your pocket and we can always find another layer of shorts if the RUT can’t hold 775."

UUP WEEKLYAt 9:50 my trade idea was selling PCLN weekly $545 calls at $3 which expired worthless that day for a 100% gain.  At 9:52 we picked up the weekly (that day) QQQ $57 calls at .72 and we had a 100% gain on those by 11.  At 9:56 we went short on the VIX with the Aug $19 puts at $1, at 10:16 we even made 5 bullish adjustments to our fairly conservative Income Virtual Portfolio, including  selling 50 DIA Aug $116 puts for $110 ($5,500) and we’ll be pulling those right off the table this morning – but I’m getting ahead of myself

At 11:25 we went for a Jan bull call spread on UNG and at 1:20 I put up my last long trade idea of the day, selling YRCW Jan $1 puts for .70 for a .30 net entry on the trucker.  …
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Freaky Friday – Alpha 2 Says “Cliff Ahead”

This is fun, right?

We had a nice opportunity to buy the F’ing dip yesterday as well as an interesting opportunity to test the prudishness of the hundreds or web sites that syndicate my articles as I saw every possible variation of "F’ing" popping up in titles that were pinged back to me.  Social mores aside the move was so well telegraphed that we were able to take a non-greedy exit on our QID position – leaving us, thankfully, with just the DIA shorts in our $10,000 Virtual Portfolio.  That means, we are going to be able to start our brand new $25,000-$100,000 Virtual Portfolio right on schedule next week.

We began "Turning $10,000 into $50,000 by January 21st" on June 11th and we’re not done yet but we’re well over $30,000 – even looking at our wrong-way (so far) short bet on the Dow.  We could have killed that one yesterday as well but, as today’s title says – we just have to give the old Alpha 2 a chance to fully play out as we would just hate ourselves if we get get that 500-point drop in the Dow right after we bail on the shorts as that would be our $50K right there!  

So up only 200% or so in 7 months is a failure but, to be fair, we did take a couple of months off as I didn’t like the market enough in October and November and we already had $26,000 so it didn’t seem worth risking 260% to make another 100%.  In the final month, we decided to "go for it" but it was a messy way to make another 20% as our overall premise – that a drop was "right around the corner" simply did not pan out.  

Frankly, looking back at the original 5 picks makes me want to cry as we could have just left those on the table and gone on vacation!   They were:  

  • 10,000 YRCW at .21 (we doubled down at .11), now $3.76, up $35,500 (a Bazillion percent, I think but there was a reverse split…) 
  • 20 C Dec $3/4 bull call spreads at .62, closed at $1, up $760 (up 61%)
  • 20 short C Dec $4 puts at $1.08, close at $0, up $2,160 (up 100%) 
  • 20 TASR Jan $5/7.50 bull call spreads for .35, now $0, down $700 (down 100%)
  • 10


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Options Feeding Frenzy Ensues Ahead of Earnings at Intel, JPMorgan

www.interactivebrokers.com

 Today’s tickers: INTC, JPM, MRVL & YRCW

INTC - Intel Corp. – Large-volume bearish positions cropped up in options on the chip giant this morning ahead of the firm’s much anticipated fourth-quarter earnings release after the final bell ends trading for the session. Intel’s shares are down slightly by 0.30% to stand at $21.24 as of 11:55am in New York. Investors placing outright bearish bets on the stock ahead of the earnings report utilized 60,000 January contract put options to construct a ratio put spread. Ratio put-spreaders purchased 20,000 of the January $21 strike puts for an average premium of $0.34 per contract, and sold 40,000 puts at the lower January $20 strike at an average premium of $0.10 each. The net cost of the transaction amounts to $0.14 per contract. The spread positions players to make money if the chip maker’s shares fall 1.8% from the current price of $21.24 to breach the effective breakeven point on the downside at $20.86 by expiration day. Maximum potential profits of $0.86 per contract are available should shares in Intel Corp. decline 5.8% to settle at $20.00 at expiration. The sale of twice as many lower strike puts is a sign that traders do not anticipate an all-out collapse in the price of the underlying. The position will start to work against investors in the event that shares in Intel fall 9.9% from the current value to trade below the effective breakeven price of $19.14 before the contracts expire next week. Bearish sentiment on the stock is also evident at the February $20 strike where around 20,000 puts were purchased for an average premium of $0.31 a-pop. Investors buying the put options make money if INTC shares drop 7.3% to slip beneath the average breakeven price of $19.69 by expiration day in February. Nearly 265,000 option contracts have changed hands on Intel Corp. as of 12:10pm.

JPM - JPMorgan Chase & Co. – Options traders are initiating bullish stances on the financial services firm today in the final…
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Turning $10K into $50K by Jan 21st – Week 12 Update (Members Only)

What an exciting 10 weeks these trades have had!

The most important thing to take away from these hedged play reviews is how important it is NOT TO TOUCH THEM.  We orginated this group on June 11th and the Dow was at 10,200 and it ran up to 10,600 and down to 9,600, back to 10,700, down to 9,800 again and is now back to 10,400.  We could have made some good adjustments and we could have made some bad adjustments but the best move is to do nothing with long-term, hedged positions while the market gyrates UNLESS something fundamentally changes in your range outlook. 

Rather than panic out of positions like these examples, a simple disaster hedge was used in the July 26th update to ride out the dip, while letting time (theta) decay contine to do it’s work on the premiums we sold…

The VIX was at 30 back on June 11th and that, in part, determines the nature of the trade ideas we decide to use.  The higher the VIX, the more we want to sell premium as we simply profit from the declining VIX (now 23.5).  The idea of these picks was to find $10,000 worth of small plays that we thought could gain 500% by Jan 21st as part of a larger virtual portfolio.  If you can do this with just 10% of a $100K virtual portfolio or 5% of a $200K virtual portfolio, that’s plenty of risk for these uncertain times and it’s a nice 25-50% bonus on the entire virtual portfolio if it works out.  Risk can be a component of a conservative virtual portfolio if we wall it off safely.

Our first play was a fundamentals play on YRCW, assuming they wouldn’t go bankrupt.  10,000 shares at .21 was the original entry ($2,100) and I called an audible on this one on 7/7 to add 2x at .11 rather than stop out.  That brought the net down to 0.143 on 30,000 or $4,290 so a bit more than a DD overall and we took 1/2 off the table this week at .29 ($5,850), turning this one into a free play ($1,560 profits in pocket) with 15,000 shares to ride out but we lost our nerve at .41 because we couldn’t get .10 for the Jan $1s so we gave up (and rightly so it turns out) and cashed out for another $6,150 in profits for a total profit of
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Turning $10K to $50K by Jan 21st – Update 1 (Members Only)

What an exciting 6 weeks these trades have had!

The most important thing to take away from these hedged play reviews is how important it is NOT TO TOUCH THEM.  We orginated this group on June 11th and the Dow was at 10,200 and it ran up to 10,600 and down to 9,600 and is now back to 10,400.  We could have made some good adjustments and we could have made some bad adjustments but the best move is to do nothing with long-term, hedged positions while the market gyrates UNLESS something fundamentally changes in your outlook.

The VIX was at 30 back then and that, in part, determines the nature of the plays we take.  The higher the VIX, the more we want to sell premium as we simply profit from the declining VIX (now 23.5).  The idea of these picks was to find $10,000 worth of small plays that we thought could gain 500% by Jan 21st as part of a larger virtual portfolio.  If you can do this with just 10% of a $100K virtual portfolio or 5% of a $200K virtual portfolio, that’s plenty of risk for these uncertain times and it’s a nice 25-50% bonus on the entire virtual portfolio if it works out.  Risk can be a component of a conservative virtual portfolio if we wall it off safely.

Our first play was a fundamentals play on YRCW, assuming they wouldn’t go bankrupt.  10,000 shares at .21 was the original entry ($2,100) and I called an audible on this one on 7/7 to add 2x at .11 rather than stop out.  That brought the net down to 0.143 on 30,000 or $4,290 so a bit more than a DD overall and we took 1/2 off the table this week at .29 ($5,850), turning this one into a free play ($1,560 profits in pocket) with 15,000 shares to ride out for our hopeful $1 target.  We still want to sell the $1 calls for .10 – as was the original plan.  Why not lock in another $1,500 that we can’t possibly lose on? 

20 C Dec $3/4 bull call spreads were .62 each ($1,240) and paired with the sale of 10 2012 $4 puts at $1.08 ($1,080) for net $160 investment in the artificial buy/write.  The $3/4s are now .70 ($1,400) and the $4 puts have dropped to .88 ($880) so now net $520 (up 225%), slow but…
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Pass/Fail Friday – Europe’s Stress Test at High Noon!

What a way to end the week!

The EU has decided to leave us hanging until the last moment as they hold off on releasing their bank stress test results until after the markets close (11:30 EST) which leads me to believe the results may not be good or they wouldn’t be waiting until the markets are closed and then giving investors the weekend to digest the results.  If the tests are good, then the US will rally and Asia will rally and the EU would have to gap open on Monday and that would annoy investors over there (kind of like we were annoyed yesterday) but, if the results are bad, then we can drop back to 10,200 or lower and Asia can sell off and they will gap down on Monday but perhaps less of a panic sell-off than if they got hit with the news on a Friday morning

So, because the results were already delayed and because the ECB has chosen to wait until Friday afternoon – I’m going to have to at least make a small bet that we have a failure.  We already hedged the Dow in yesterday’s Member Chat as we weren’t sure of the timing and we wanted to lock in our gains for the week but now let’s look at a nice, profitable way to play a sell-off in the financials.  

  • FAZ is the 3x Ultra Short ETF on the financials and you can just buy that ETF for $14.62 a share and a 3.3% move down in XLF should translate to a 9% gain to $15.94, not a bad day’s work right there!  Thanks to the uncertainty we now have, this trade can be augmented with the sale of the August $14 puts and calls for $2.65 and that drops the net purchase price to $11.97.  If XLF finishes below $14, another round of stock would be put to you at $14 for an average entry of $12.99, which is 12% lower than the current price so this trade assumes the financials don’t go UP 4% by August 20th.  If FAZ finishes over $14 (.62 lower than it is now) the net return on the $11.97 is 17%, not bad for 3 week’s work….
  • Since XLF is also $14.45, we can also have some math fun.  In theory, XLF should move 1/3 of what FAZ moves so for XLF


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Thank Jobs It’s Friday!

Do I know what the jobs data will be at 8:30?  Nope.

Then why would I title a post "Thank Jobs It’s Friday!" – what if the report sucks and we go down?  Well, at this point, even if that does happen, I think that will be the end of it.  We’ve been building up to this "terrible" jobs number all week and we got a rotten ADP Report and a rotten Unemployment Report so everyone is expecting a rotten Non-Farm Payroll report.  When everyone expects the same thing, we like to bet against it.  Sometimes we’re wrong and sometimes we’re right but you make some amazing money when you are right.  The magnitude of the short squeeze that would follow a significantly BTE NFP Report could send up up 300 points or more on the day, likely with a big finish this afternoon and some follow-through on Tuesday as the rest of the world plays catch-up.

A bad report, on the other hand, is already baked into the cake and we have yet to test S&P 1,000 so we can expect support there.  It wouldn’t be pleasant, but we should be able to scramble and protect ourselves if we head lower so the smart move is to play for the mega-move higher, and that’s where we are.  Of course, it’s also a balance issue.  In our last Weekly Wrap-Up, we had the following open trade ideas going into June 21st (we had gotten bearish at the end of the previous week):

  • APOL July $40 puts spread at .46, now .60 – up 30%
  • BBY Jan $37 puts sold for $4, now $3 – up 25%
  • BP July $30/32 bull call spread at $1, now .70 – down 30% 
  • YRCW at .21, now .15 – down 28%
  • BP Oct $33/July $33 ratio backspread (3:5) at net $225, now $524 – up 132%
  • TZA July $7 calls .08 (net of spread), now $1.50 – up 1,775%
  • SIRI 2012 $1 puts sold at .33, still .33 – even
  • USO July $33 puts at .51, now $1.08 – up 131%
  • GLL July $37 puts, sold for $1.30, now .35 – up 70%
  • TBT July $38 puts sold for $1, now $2.05 – down 105%
  • OIH June $104.10 puts at $2.02, now $8.70 – up 330%
  • TZA July $6/8 bull call spread for .55, now $1.48 – up 169%
  • TZA July $6 puts sold for


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Turning $10,000 into $50,000 by January 21st! (Members Only)

Wheee - this is getting to be fun!

I spend most of my time with members preaching LOW-risk strategies so it’s fun to look at a riskier one once in a while.  If the market is trending higher then we may have an opportunity to make a nice, fat return and we’ve already locked in a conservative set with a lot of cash on the side so we’re able to consider taking a little gamble now.

While we still have a nice, fat VIX at 30, let’s look UP for a change and think of some small, fun plays we can take that give us great expectations for the end of the year.   As I mentioned the other day, putting just 10% of your virtual portfolio into a risky play that makes 500% to the upside can be a real virtual portfolio booster.  The trick here is to select trades that either limit our downside or have downsides we don’t mind (like having a stock put to us that we don’t mind owning). 

I thought it would be fun to set up a small, virtual portfolio with a few selections we think can provide big returns by January expirations.  Keep in mind that these are, of course, high-risk positions and should not be more than 1/10th of a virtual portfolio so if you have $10,000, just $1,000 should go into risky posiitons like this.  If all goes well, you still make 50% on the whole $10,000 so DON’T BE GREEDY!  We’ll track this set of picks going forward and make adjustments, if needed along the way.

Let’s start with a stock.  As you know, I am NO fan of penny stocks.  I pretty much avoid them like the plague but there’s a stock that costs just 21 pennies I’ve decided I like and that’s YRCW.  YRCW is an unintentional penny stock and they do have many, many issues that may cause them to go BK BUT – they also have $5.2Bn in revenues against a $214M market cap and, if they don’t go bankrupt, then someone may decide to buy them, probably for more than $1.

Freight volume for truckers was up 0.9% in April after being up 0.4% in March and the Freight Index is now at 110.2, the highest level since Sept of 2008, when YRCW as stilll a $10 stock (but on the way down).  YRCW says they broke even in April and
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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!

 
 

Zero Hedge

Russia And Germany Allegedly Working On Secret "Gas For Land" Deal

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

While many were amused by this photo of Putin and Merkel during the world cup final showing Europe's two most important leaders siding side by side, some were more curious by just what the two were scheming:

 

Thanks to the Independent, we may know the answer, and it is a doozy, because according to some it is nothing shy of a sequel to the ...



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Phil's Favorites

Big Banks Shift to Lower Gear

Outside the Box: Big Banks Shift to Lower Gear

By John Mauldin

For today’s Outside the Box, good friend Gary Shilling has sent along a very interesting analysis of the big banks. Gary knows a lot about what went down with the big banks during and after the Great Recession, and he tells the story well.

After the bailout of banks during the financial crisis, many wanted too-big-to-fail institutions to be broken up. Big banks resisted and pointed to their rebuilt capital, but regulators are responding with restraints that strip them of proprietary trading and other lucrative activities and push them towards spread lending and other traditional commercial banking businesses. The fiasco at Citigroup, JP Morg...



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Insider Scoop

Warren Resources Enters Marcellus with Citrus Asset Buy - Analyst Blog

Courtesy of Benzinga.

Independent energy company, Warren Resources, Inc. (NASDAQ: WRES) announced that it has acquired certain assets in Pennsylvania's Marcellus Shale from Colorado-based oil and natural gas producer, Citrus Energy Corporation and two other parties that owned working interest in the region. The transaction, which marks Warren Resources' entry into the prolific natural gas basin, was for a purchase price of $352.5 million.

Following this announcement, shares of Warren Resources gained around 2.6% to close at $6.30. Shares also touched an intraday high of $6.70 that marked a new 52-week high for the stock.

The company mentioned that it will issue $40 million in shares at $6.00 per share as part of the transaction cost. The...



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Chart School

3 Things Worth Thinking About (Volume 2)

Courtesy of Doug Short.

Advisor Perspectives welcomes guest contributions. The views presented here do not necessarily represent those of Advisor Perspectives.

Last week, I started a new weekly series entitled "3 Things Worth Thinking About". The focus here will be three things, ironically enough, that are worth considering with respect to your portfolio and related investments. As I have discussed many times previously, focusing only on "bullish" commentary when markets are rising is really of little use as it creates a "blind spot" to related investment risks. The same goes for when markets are falling. These cognitive biases get in the way of making logical and disciplined investment decisions to not only garner returns when markets rise, but avoid depletion of capital when they don't.

I hope you will...



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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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Option Review

Kellogg Call Options Active Ahead Of Earnings

Shares in packaged foods producer Kellogg Co. (Ticker: K) are in positive territory on Monday afternoon, trading up by roughly 0.20% at $65.48 as of 2:20 p.m. ET. Options volume on the stock is well above average levels today, with around 12,500 contracts traded on the name versus an average daily reading of around 1,700 contracts. Most of the volume is concentrated in September expiry calls, perhaps ahead of the company’s second-quarter earnings report set for release ahead of the opening bell on Thursday. Time and sales data suggests traders are snapping up calls at the Sep 67.5, 70.0 and 72.5 strikes. Volume is heaviest in the Sep 72.5 strike calls, with around 4,600 contracts traded against sizable open interest of approximately 11,800 contracts. It looks like traders paid an average premium of $0.37 per contrac...



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Sabrient

Sector Detector: Bold bulls dare meek bears to take another crack

Courtesy of Sabrient Systems and Gradient Analytics

Once again, stocks have shown some inkling of weakness. But every other time for almost three years running, the bears have failed to pile on and get a real correction in gear. Will this time be different? Bulls are almost daring them to try it, putting forth their best Dirty Harry impression: “Go ahead, make my day.” Despite weak or neutral charts and moderately bullish (at best) sector rankings, the trend is definitely on the side of the bulls, not to mention the bears’ neurotic skittishness about emerging into the sunlight.

In this weekly update, I give my view of the current market environment, offer a technical analysis of the S&P 500 chart, review our weekly fundamentals-based SectorCast rankings of the ten U.S. business sectors, and then offer up some actionable trading ideas, incl...



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OpTrader

Swing trading portfolio - week of July 28th, 2014

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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Stock World Weekly

Stock World Weekly

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

Our weekly newsletter Stock World Weekly is ready for your enjoyment.

Read about the week ahead, trade ideas from Phil, and more. Please click here and sign in with your PSW user name and password. Or take a free trial.

We appreciate your feedback--please let us know what you think in the comment section below.  

...

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Digital Currencies

BitLicense Part 1 - Can Poorly Thought Out Regulation Drive the US Economy Back into the Dark Ages?

Courtesy of Reggie Middleton.

An Op-Ed piece penned by Veritaseum Chief Contracts Officer, Matt Bogosian

This past weekend (despite American Airlines' best efforts), Reggie and I made it to the Second Annual North American Bitcoin Conference in Chicago. While there were some very creative (and very ambitious) ideas on how to try to realize the disruptive Bitcoin protocol, one of the predominant topics of discussion was New York Superintendent of Financial Services Benjamin Lawsky's proposed Bitcoin regulations (the BitLicense proposal) - percieved by many participants at the event as an apparent ...



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Market Shadows

Danger: Falling Prices

Danger: Falling Prices

By Dr. Paul Price of Market Shadows

 

We tried holding up stock prices but couldn’t get the job done. Market Shadows’ Virtual Value Portfolio dipped by 2% during the week but still holds on to a market-beating 8.45% gain YTD. There was no escaping the downdraft after a major Portuguese bank failed. Of all the triggers for a large selloff, I’d guess the Portuguese bank failure was pretty far down most people's list of "things to worry about." 

All three major indices gave up some ground with the Nasdaq composite taking the hardest hi...



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Pharmboy

Biotechs & Bubbles

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

Well PSW Subscribers....I am still here, barely.  From my last post a few months ago to now, nothing has changed much, but there are a few bargins out there that as investors, should be put on the watch list (again) and if so desired....buy a small amount.

First, the media is on a tear against biotechs/pharma, ripping companies for their drug prices.  Gilead's HepC drug, Sovaldi, is priced at $84K for the 12-week treatment.  Pundits were screaming bloody murder that it was a total rip off, but when one investigates the other drugs out there, and the consequences of not taking Sovaldi vs. another drug combinations, then things become clearer.  For instance, Olysio (JNJ) is about $66,000 for a 12-week treatment, but is approved for fewer types of patients AND...



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Promotions

See Live Demo Of This Google-Like Trade Algorithm

I just wanted to be sure you saw this.  There’s a ‘live’ training webinar this Thursday, March 27th at Noon or 9:00 pm ET.

If GOOGLE, the NSA, and Steve Jobs all got together in a room with the task of building a tremendously accurate trading algorithm… it wouldn’t just be any ordinary system… it’d be the greatest trading algorithm in the world.

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And get this…had you done nothing b...



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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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