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  1. projectwise

    Hey guys !
    I just wanted to take that little time while there was no action to express myself a little bit as I nearly never do it, being shy by nature and since English isn't my language.

    I've been a premium member for nearly 1.5 year and next month I'll have to step out for a while because of the relative small size of my accounts, but I'll be back, and that's a certitude because there is tremendous value around here !  I've been trading full time for more than 3 years (and by that I mean that I'm always here when the market is open, but I also do a lot of work and reading and thinking outside those hours !).

    I've been managing my father's account, which is only a small part of his net worth, and that has been very rewarding (financially and otherwise) for both of us, and I'm proud to have my own account since a while now. That one is growing fast and steady, kinda like the income portfolio, but I'm using more of the potential buying power initially since I'm adding regular money into the account.

    Trading is such a passion for me that I've went from never have been able in my life to work 40 hours a week for a year without getting suicidal, to now having work at least 80 hours a week for more than a year (2 other jobs than trading), and starting to feel real good. Even though I was only doing it for my dream at the start, now I've come to enjoy that tremendous amount of works, that I was hating before, for… making me a stronger human as well. They say the rewards is more in the travel than in the destination, and for those of you who are still travelling (and really, who isn't?), I hope you always remember to be joyful in that trip !

    Someone once said something like: "What you do in one thing, you do in all thing". By having become a better trader, I've also become a better person. 3 years ago when everyone, including the *best* experts were capituling on my life, I did DD and hells did it pay since then ! I'll show those so called experts that they were dead wrong thinking I was a value trap ;)

    So I wanted to take this little time to say a huge thanks to you guys who are offering big value (and you know who you are !). Among others, Yodi I did appreciate a lot of your recommendations (and easy going) lately and Pharm for your presence day after day.

    stjeanluc merci bien for all the effort and time you are putting in the community here, this is nothing short of tremendous. You also strike me as a good trader and very wise person. You are adding a lot to the board and you are one of the big reason this place is awesome to be around.

    Phil !! Thanks for that tremendous education on every side of the politics, economy, business, trading, life and thinking and in particular in all those way to use options to your advantage. What a brain you are ! I also do appreciate that caustic humor :)

    Have a great weekend everyone !

    - projectwise



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Zero Hedge

Cheat Sheet: The Third Party Presidential Candidates

Courtesy of ZeroHedge. View original post here.

It’s coming closer to election time, and it’s hard to shake the feeling that something crazy or unprecedented could happen in the coming months.

Trump and Clinton are the most disliked presidential candidates in history, both having an “unfavorable” image with the majority of ...



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Insider Scoop

Benzinga's M&A Chatter for Thursday September 29, 2016

Courtesy of Benzinga.

The following are the M&A deals, rumors and chatter circulating on Wall Street for Thursday September 29, 2016:

Qualcomm Said to be in Talks to Acquire NXP Semiconductors for $30B+

The Rumor:
Qualcomm Inc. (NASDAQ: QCOM) is said in talks to acquire NXP Semiconductors NV (NASDAQ: NXPI), according to sources as reported by Dow Jones on Thursday. The sources said a deal, which could happen over the next two to three months, would likely be valued at over $30 billion, though NXP's market cap was already over $32 billion following the report.

NXP Semiconductor...



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ValueWalk

IRS Walks Tightrope in Plan to Use Private Debt Collectors

By insidesources. Originally published at ValueWalk.

IRS Walks Tightrope in Plan to Use Private Debt Collectors

The Internal Revenue Service is looking to use private contractors to help collect tax debt but some warn there is a risk of increased scams and abuse.

The IRS announced its intent to use private debt collectors  Sept. 26 in response to a congressional order. The federal agency hopes to have the program operational by spring. The idea could help the agency to more efficiently collect tax debt, but it might also be opening the door to fraud and abuse.

“What makes it worse is the prevalence of these scam artists who call pretending to be IRS collectors,ȁ...



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Phil's Favorites

Conversation With Atlanta Fed on Today's GDP Revision and Its Impact on 3rd Quarter GDP Estimates

Courtesy of Mish.

Today the BEA released its Third Estimate for Second Quarter GDP. The third (final) estimate bumped up the prior estimate from 1.1% to 1.4%.

The BEA changed the name from “final estimate” to “third estimate” because GDP is subject to revisions years or even decades later.

I am curious how this would impact the Atlanta Fed GDPNow forecast and the FRBNY Nowcast estimate both due out tomorrow. I have a detailed answer from Pat Higgins at the Atlanta Fed, creator of GDPNow.

Hi Mish,

I can give you a more detailed answer tomorrow after the GDPNow update is released. We don’t do an update today beca...



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Market News

News You Can Use From Phil's Stock World

 

Financial Markets and Economy

U.S. Stocks Retreat as Deutsche Bank Woes Hit Financial Shares (Bloomberg)

U.S. stocks fell as banks retreated amid growing concern that Deutsche Bank AG’s woes will spread to the global financial sector. Health-care shares sank on speculation tighter regulations will crimp profits.

Deutsche Bank shares drop after report that some hedge funds have reduced exposure (CNBC)

Shares of Deutsche Bank fell more than 6.5 percent in New York trading Thursday after a Bloomberg report said a smal...



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Kimble Charting Solutions

Stocks and Crude Oil hung up by this key pattern!

Courtesy of Chris Kimble.

Below compares the price patterns of Crude Oil and the NYSE Index over the past 8-years. Crude and the NYSE don’t always correlate, over the past couple of years though, they have in a big way!

CLICK ON CHART TO ENLARGE

Since early 2015, the correlation between Crude Oil and the NYSE has been very high. They both hit highs together in 2015 at (1) and they both created double bottom lows together at (2).

Over the past 15-months, both appear to be ...



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Mapping The Market

The Industry That Was Crushed By The Obama Administration

By Jean-Luc

Good riddance – cleaned up a lot of frauds there:

The Industry That Was Crushed By The Obama Administration

In early 2009, the seven largest publicly traded college operators were worth a combined $51 billion. Today, they’ve been all but wiped out.

When Barack Obama took office, America’s seven largest publicly traded college operators were worth a combined $51 billion, with more than 815,000 students enrolled at campuses spread across the country. The schools were flooded with with people seeking shelter from the recession, returning to school to pick up new skills.

Almost eight years later, the industry has been decimated. The seven largest listed operators are worth just over $6 billion, and the most valuable co...



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Chart School

RTT browsing latest..

Courtesy of Read the Ticker.

Please review a collection of WWW browsing results.



Date Found: Saturday, 26 March 2016, 02:36:15 PM

Click for popup. Clear your browser cache if image is not showing.
Comment: ZH: Its a BULLARD market, the FED jaw boning is keeping the market up!



Date Found: Sunday, 27 March 2016, 02:31:30 PM

Click for popup. Clear your browser cache if image is not showing.
Comment: RTT: World trade near 2008/09 lows. SP500 near all time highs. PLACE YOUR BETS! Roll up! Roll up!



Date Found: Tuesday, 29 March 2016, 02:42:11 PM

Click for popup. Clear your browser cach...



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OpTrader

Swing trading portfolio - week of September 26th, 2016

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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Members' Corner

Market Liquidity and Macroeconomic Bullshit

 

Market Liquidity and Macroeconomic Bullshit

Courtesy of The Nattering Naybob

STJL - "Apparently macroeconomics is all bullshit – ROFL! Paging Naybob now… Famous Economist Paul Romer Says Macroeconomics Is All Bullshit."

The Nattering One muses... Macroeconomics as practiced by academics and those in charge is pure voodoo. Better to chant over goat blood, bird feathers and scattered entrails...

As for reality, overnight CNH HIBOR (...



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Digital Currencies

Gold, Silver and Blockchain - Fintech Solutions To Negative Rates, Bail-ins, Currency Debasement and Cashless

Courtesy of ZeroHedge. View original post here.

By Jan Skoyles

I was so pleased yesterday by the announcement that I have joined the Research team at GoldCore as it meant that I could finally start talking about it and was back in a role that lets me indulge in my passion by researching and geeking out on all things gold, silver and money.

...



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Biotech

Epizyme - A Waiting Game

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

Epizyme was founded in 2007, and trying to create drugs to treat patient's cancer by focusing on genetically-linked differences between normal and cancer cells. Cancer areas of focus include leukemia, Non-Hodgkin's lymphoma and breast cancer.  One of the Epizme cofounders, H. Robert Horvitz, won the Nobel Prize in Medicine in 2002 for "discoveries concerning genetic regulation of organ development and programmed cell death."

Before discussing the drug targets of Epizyme, understanding epigenetics is crucial to comprehend the company's goals.  

Genetic components are the DNA sequences that are 'inherited.'  Some of these genes are stronger than others in their expression (e.g., eye color).  Yet, some genes turn on or off due to external factors (environmental), and it is und...



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All About Trends

Mid-Day Update

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

Click here for the full report.




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

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Promotions

PSW is more than just stock talk!

 

We know you love coming here for our Stocks & Options education, strategy and trade ideas, and for Phil's daily commentary which you can't live without, but there's more!

PhilStockWorld.com features the most important and most interesting news items from around the web, all day, every day!

News: If you missed it, you can probably find it in our Market News section. We sift through piles of news so you don't have to.   

If you are looking for non-mainstream, provocatively-narrated news and opinion pieces which promise to make you think -- we feature Zero Hedge, ...



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