“The Market Will Never Go Down Again”

 

“The Market Will Never Go Down Again”

Courtesy of 

 

 

Thanks for checking out the podcast this weekend. We hit number 15 on the Investing podcast chart, which is amazing and all thanks to you. Make sure you’re subscribed if you aren’t already and don’t be shy about reviewing the show on Apple, Spotify or Google. It goes a long way.

The Compound on YouTube





  • Fed days are fun! Just for grins I decided to see how much money I could make in two clicks. I bought DIA calls right when the surge started and then sold them the minute they hit my account. Net gain of 20% in 20 seconds. Can't do that very often…

    MrMocha

  • I read with great interest your statement the other day that the DX is unlikely to break 76 or there will be great hell to pay, torrential amounts of tears shed, and gnashing of dentures all over the world. Well. I have had several short DX contracts in the $78ish range during the last month and upon your two statements 1) don't be greedy, and 2) 76 could be a bottom, I yesterday put a buy GTC order to close my positions at 76 and for some inexplicable reason the DX spiked down after the close and now I can safely say that once again you have confirmed for me that you have been one of the best investment services I have yet to come across. Almost to the point that I'm beginning to think that maybe I'm completely wrong about my political stance as well. Almost. In any event, I wanted you to know that this has been my third execution based on your comments and recommendations that I have followed and this one has also worked to my advantage. My subscription fee has been more than justified for the next year and there's some left over to pay for my stay in Toronto this week, dinner at Joso's in the Yorkville section of town. If I smoked I'd have a Montecristo to salute you. Be well, stay well.

    Flipspiceland

  • 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 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.

    Denlundy

  • Gel1…..I've been here 6 months, mostly watching and learning. Lots of smart people on the site and I've learned a lot from Phil and many others. //// Inflan - I have to trump your sentiments regarding the wisdom of the board. I have to thank Phil and the many contruibutors for a 80% profit for 2009. I have learned a lot and am still learning ( even occasionally about political issues - ha! )

    Iflantheman & Gel1

  • Phil, Thanks for the long calls@ $ 85 on AAPL. A quick $4900. Paid for my subscription!!

    Newthugger

  • Joined last year and and started profitably trading options thanks to everything I have learned here. THANK YOU!!

    OnWisconsin

  • Phil - I caught the interview…. terrific!. Your host recommended that the viewers should " go to your site, as you will be entertained ". That is for sure if you consider entertainment is laughing while you read, learn and make unbelievable leveraged profits that you never thought were possible. That is my kind of entertainment !

    Gel1

  • Thanks for the USO directions today. Made it 3 times (up/down/up) for a very nice win.

    Doro165

  • Greetings Phil, I am an Economist at Harvard and some of my colleagues and I would like to let you know that we follow your posts on SA, and find your analysis refreshing, rigorous, and acute. Great work! Though many of us (including myself) have our work covered in the Wall St Journal, in many ways your macro commentary is more fearless and accurate than what is generally found in that venerable publication. Kind regards, Daniel

    Daniel

  • CZR – well that was fun! Opened the play yesterday. As the arb premium was now almost all gone from the box spread today, I just decided to close it. The rundown, after all commissions: my net was $183.51 profit for an overnight trade tying up $2000 margin in an IRA account. That's a 9% overnight return (3200% annualized!) …And all that learning, too! Thanks PSW!

    Scottmi

  • Opt, I think the hardest thing is being disciplined enough to trade with you. Atleast now when I see something go in the red I know how much I'm going to loose and that I will profit somewhere else and have enough money left at the end of the day to trade again. Thanks for all your hard work! My stress levels are down 75% and I have even made a small profit in the short time I've been here

    Mopar

  • GIVE THANKS/PHIL 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.

    Winston

  • 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!

    Samlawyer

  • Phil – In the event of a mkt meltdown, which of the indices, in your opinion do you think has the most potential for % move down. I'm looking at call options on SDS and the DXD. Any thoughts? Ideas? Thanks .. and thanks for being a great teacher! I've learned so much in only a month!

    Louis631

  • 10/15/2014: Phil…..been travelling more than not but reading and watching you guys every night. This is to say a big thank you. Even though I don't have the time to trade every day now I set up hedges and base long term strategy on PSW. I now it may sound like BS to some readers but my 401k is down a mere 3%. It hardly gets my attention when I open my brokerage portfolio accounts. And that is by using your longer term hedges and strategies. I don't need to be a day trader to take advantage of PSW. At this time in my life when I cant trade every day……. not losing what we've gained moves front and center. It's just a great feeling to watch your brokerage account hold steady in a sea of red. Thanks Teacher.

    Livingfull

  • Phil/BCS - Didn't realise they traded here. Should've known really. Thanks for the tip. managed to pick some up just before the close at a 15% discount to the UK closing price.

    DB

  • What a quarter! (AAPL, etc.) "People react; PSW'ers anticipate." Thanks everyone for a vibrant board.

    Silentstorm

  • Hi Mr. Phill, I am a Venezuelan lady tormented by our politicall situation, who use to be an emerging market trader, and many other executive positins in the finance "arena" and now is trying to built a new concept and service for asset management for clients on my own, I am in the trial and learning process at the moment, I also invest for some friends and myself. I want to congratulate you , because reading you fill my days with a touch of irony (besides ,of course the spectacular market insight) that happens to give me energy, its a joy the remarks and comments even the pictures used, sometimes I just read it for the fun, I completily agree with your thouhts, though we belong to totally different cultures and enviorements and certanly realities Your readings is like a little hand helping me out to be in the market and fight for my devastated country where every single day we looe inches and yards of liberty. You shoul try to writte a book!

    Mindeyes

  • Phil: Thank You! Scaling, Scaling, and Scaling… then patience, patience, patience I'm 2 to 1 short and even on a day the broad market is up I had my largest one day gain in years. The last 6 weeks in fact have been great. I really feel I've learned to use some tools that will enable me to deal with the turbulence ahead. Selling short calls is definitely my preferred approach. Even allowed me to play golf this afternoon while the premium melted away and shoot a career low round. I owe you man!

    Lincoln

  • I don't post much, but I guess this morning has brought me out. This site has made me tens of thousands, every year since I have become a member. It took me nearly two years devoting 3 hours per day to get on the ball, and actually understand portion sizing, and which trades fit my personal trading style. Before that I spent at least two years working on Buffet style fundamental investing. (Intellegent Investor, Security Analysis, ect.). This site really will teach you amazing things if you just pay attention. Literally it has changed my day to day life, has allowed my family and I to move back to the U.S. from overseas with confidence even with a paycut at my day job, and literally put me in a different league financially. Seriously my life and my children's is better because of this site.

    Knightpilot

  • I did the same thing via your logic (sold puts that is). I glanced one time and they were already up 15% which is considered a good return for an overnight hold in most circles. This is PSW though and to us it's just another day…

    Kwan

  • Phil- I am a former portfolio manager and now retired. I have been following you for about six months and I now know why you have so many followers you are very insightful and knowledgeable.

    Mkozberg

  • Every time I read Mr. Davis' market analyses and reports about his super profitable trades I feel admiration mixed with envy for the overall brilliance of this man, intellectual and verbal, his extraordinary savvy in the exotic art of options and, last not least, his moral passion with which he writes, even if in passing, about the darker aspects of capitalism.

    RussianBear

  • GMCR – Just bought back my Jan $90 callers on GMCR for a nice $10,000 gain. Thanks for the recommendation Phil! It was nice to cash in on a momo.

    Palotay

  • Brilliant covering of the arcane, the profane , but never the mundane! Easy to understand the reason for your huge following, Phil, and why you have become a must read on my daily agenda. Please accept my complete appreciation.

    Seeking Truth

  • Nice call on the QQQ puts this morning Phil. I bought 10 at .13 this morning for fun day trade. Just closed at .95. Sweet hedge for the day!

    RevTodd64

  • Phil - I got your earlier trade a month or so ago on MSFT 2015 32/37 BCS, selling 2015 30 puts. Nice up 75% now!

    Jomptien

  • Man, what a week: Bought C at 1.40, sold half at 1.59 (relatively big position), another quarter at 3.04 just now. Ran SKF down from 270 with one April put, still holding some 115's expiring in a couple days. I'm going to gamble this position like a champion Friday. Bought FAS at all sorts of levels and started cashing out. Long HOV, stock and some nickel calls for fun - Mocha up your buy-out from 5 to 8 and that's 10,900% return for the May-2.50's . Ha!

    Biodieselchris

  • BTW Phil, I wanted to relate a conversation I had with my business partner yesterday. I told him that I have been much more relaxed about my investments ever since I joined your site. It's funny how a 15-20% cushion does to your nerves. My returns have increased dramatically and my risk diminished. Many thanks for the guidance and patience. Good thing I am doing better financially as you might have increased my life expectancy as well!

    StJeanluc

The Crashes That Nobody’s Talking About

 

The Crashes That Nobody’s Talking About

Courtesy of 

The stock market is having a very good year. The S&P 500 printed 53 new all-time highs through the end of August, which is the most to that point in any year ever. Year-to-date, the index is up more than 20%.

But as always, you have to look inside the index to understand that not every stock is moving in the same direction.

The top 25 stocks by market cap, or 5% of the index, are responsible for 55% of the gains. This is fairly normal, nothing to be alarmed by. With the index up so much, you would expect most stocks to be doing well, which is more or less the case. Only 78 names are down on the year. Five stocks are up for every one that is down.

In a bull market, it’s easy to lose sight of the fact that not every stock is keeping up. Some are even crashing. Today I want to shine the spotlight on some names that are getting rekt.

GameStop is the poster child of meme stock mania. It’s 57% below its highs.

Remember when Zoom had a larger market cap than Exxon? 125 times revenue can have that sort of effect. The stock is 50% off its highs.

Fastly, a software company, gained 335% last year, making it one of the best-performing stocks in the Russell 1000. It’s now 68% below its highs.

Lemonade, “insurance built for the 21st century”, was one of the best performing IPOs of 2020, gaining 139% on the day. The stock is in a 61% drawdown.

Virgin Galactic, one of the best performing SPACs in 2020, is down 61% from its highs. And that’s better than it was in the spring when it lost nearly three-quarters of its value.

Remember Plug Power? That stock gained nearly 1000% in 2020. It’s 67% below its high.

Penn National Gaming, the company that bought Barstool, got cut in half. Beyond Meat got cut in half. Teladoc got cut in half. So did RingCentral, Palanatir, Opendoor and Zillow.

If it feels…
continue reading





Jumping the SPAC

 

Jumping the SPAC

Courtesy of Scott Galloway, No Mercy/No Malice, @profgalloway

Note: I was not under influence of Zacapa or edibles writing this one … so it’s wonky.  Oh well, my blog.

A perfect storm may be brewing: tech, software as a service (SaaS), and climate change. My podcast co-host, Kara Swisher, believes the first trillionaire will be an entrepreneur who addresses climate change. It’s not unthinkable, as Elon Musk is already 15% of the way there — to a trillion in wealth, not solving climate change. I’m more skeptical and believe the only entities that can begin to reverse climate change are the EU and the governments of China and the U.S. Capital is pouring into the space, and funds that claim to invest based on an “Environment, Social, Governance” (ESG) basis are hot. These capital flows will produce a bevy of firms that tap into the consensual hallucination that society’s biggest problems can be fixed as our stock portfolios explode in value. Yeah … wouldn’t that be nice. No, just as turning back Hitler and smallpox took leadership, treasure, and blood, so will this.

The most recent ayahuasca trip is Aspiration, a finance firm that claims its products “can change climate change.” In August the company announced it was going public (via SPAC) at a $2.3 billion valuation. (Investor presentation available here.) Change climate change. That would be awesome. Except there’s a catch. This is a fucking debit card.

Aspiration’s Aspirations

Aspiration was launched in 2015 by a former Clinton White House aide and Elizabeth Warren protegee. Its initial (and still primary) consumer product was a debit card with some green features. The company claims money deposited in its debit accounts “won’t fund fossil fuel exploration or production”; it plants a tree every time a customer chooses to round up a purchase; and it offers 3% to 5% cash back on purchases from “mission-focused merchants.” More recently, the firm launched another debit card that, in exchange for a monthly fee, offers…
continue reading





PhilStockWorld September Portfolio Review – Part 2

4,480.

That's the strong bounce line on the S&P 500 and we've been failing it all week and now we're failing it FOR the week and that's a big negative on the weekly charts.  We predicted that we would fail the strong bounce line on Monday, when it was 4,490 (we made a lower low on Wednesday, which lowered the bar for a bounce) based on the Fundamental Outlook for the week and so far, so right, I suppose.  

I'm feeling good about going to CASH!!! last month, September has not been kind and we've been finding some good bargains along the way to refresh our portfolios.  Our slimmed-down LTP still made $44,533 for the month but those gains were largely offset by our too-bearish (for now) STP, which we adjusted yesterday.  Of course, we didn't adjust it to be less bearish – a bit more so, if anything.

Our defense if the market goes higher will be to buy more longs.  There are plenty of bargains out there as some stocks have come down quite a bit like Las Vegas Sands (LVS), which is back in the realm of reality now at $37.50, which is $28.66Bn in market cap and, before Covid, LVS was making $2.5Bn per year.  I'm not suggesting we race right into this one (we just bought BYD) because China has changed the rules in Macau and, of course, Covid - but it's a good example of a stock we wouldn't have bought because it was way too high that has now become attractive again. 

There are always bargains to be had – if you are patient!  

Money Talk Portfolio Review:  Patience is what our Money Talk Portfo is all about, as we only trade it when we're on the show – roughly once per quarter.  We can't touch it otherwise so the picks have to be ROCK SOLID and we made a few changes in our last cycl – when I was on the show on September 1st (it taped on Aug 31st).  We cashed out our winning positions on IBM and SKT and we added HPQ and the afore-mentioned BYD.  The portfolio is down $962 for the month at $194,944 but that's up…
continue reading





PhilStockWorld’s LIVE Weekly Webinar 09-15-2021

 

PSW's LIVE Weekly Webinar 09-15-2021

 

Major Topics:
00:00:01 – Checking on the Market
00:03:08 – Weekly Petroluem Status Report
00:04:28 – Natural Gas
00:05:18 – Top Trades: KHC
00:10:16 – Top Trades: HAL
00:32:47 – Top Trades: BYD
00:47:53 – Top Trades: DOW
00:48:36 – KRBN
00:56:04  – LMT
01:03:48 – Florida Population  and COVID
01:05:37 – $SPX

 

Phil's Weekly Trading Webinars provide a great opportunity to see what we do at PSW. For LIVE access to all our webinars, join us at PSW!

Subscribe to our YouTube channel and view our past weekly webinars here.





PhilStockWorld September Portfolio Review – Part 1

Image result for one million dollars animated gifImage result for one million dollars animated gif$2,167,659!  

That is up $15,088 on our paired portfolios since our last review and, I am very happy to say, $1,878,544 (86.6%) of it is now CASH!!!  We cut about half of our Long-Term Portfolio (LTP) positions but then we added 5 more in past month and we are very well-hedged in the Short-Term Portfolio (STP), with roughly $500,000 worth of downside protection against a 20% drop in the S&P 500 so, at the moment, we probably make more money on a drop than we would on a pop.

The S&P 500 is hovering right about where it was on August 17th, when I wrote: "Top of the Market Tuesday – Cashing Out While We Can" so I'm not going to rehash our reasons.  In fact, the Friday before that (13th), the S&P had finished the week at 4,450 and this morning we're at 4,466 and we'll see how that holds up into Quad Witching tomorrw.  

As I noted in yesterday morning's report, the S&P 500 has been week this month and 4,480 is the Strong Bounce line, according to our 5% Rule™, so we'll see how that goes into the weekend.  It doesn't affect our well-balanced portfolios and we have no intention of getting too bullish again ahead of earnings next month but we are finding bargains and some of the biggest bargains are sitting right in our portfolios!  

These are the positions that have survived the gauntlet of several purges and we have 40 positions that are using $368,250 in cash and $555,000 in margin that can easily make another $500,000 (54%) over the next 12 months.  At this point in the cycle (toppy and looking to correct), we shouldn't have any position that we wouldn't be THRILLED to double down on if it drops 40% – meaning we would ride out a 20% correction and see what happens.

Long-Term Portfolio Review (LTP):  

  • Short Puts – These are all stocks we REALLY would like to own at the net price.  We just sold 10 AAPL Sept 2023 $105 puts for $7 and that puts us in 1,000 shares at net $98 – yes PLEASE!!!  If that doesn't


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Phil's Favorites

"The Market Will Never Go Down Again"

 

“The Market Will Never Go Down Again”

Courtesy of 

 

 

Thanks for checking out the podcast this weekend. We hit number 15 on the Investing podcast chart, which is amazing and all thanks to you. Make sure you’re subscribed if you aren’t already and don’t be shy about reviewing the show on Apple, Spotify or Google. It goes a long way.

The Compound on YouTube

...

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Zero Hedge

"Team Transitory" Suffers Blow As Used Car Prices Resume Surge

Courtesy of ZeroHedge View original post here.

In the past month, a feud has broken out between the so-called "team transitory", comprising mostly of pro-Fed, pro-Biden commentators, who urge the public to ignore the "transitory" hyperinflation that by now is painfully obvious to everyone (see today's UMich report for the gruesome details), and not to blame either the Fed or the administration for the collapse in the dollar's purcha...



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Politics

'What Betrayal Looks Like': UN Report Says World on Track for 2.7°C of Warming by 2100

 

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Image by Gerd Altmann from Pixabay

'What Betrayal Looks Like': UN Report Says World on Track for 2.7°C of Warming by 2100

"Whatever our so-called 'leaders' are doing," said Swedish climate activist Greta Thunberg, "they are doing it wrong."

By Jake Johnson, Common Dreams

The United Nations warned Friday ...



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Biotech/COVID-19

FDA panel recommends limiting Pfizer booster shots to Americans 65 and older, and those at high risk of severe COVID-19

 

FDA panel recommends limiting Pfizer booster shots to Americans 65 and older, and those at high risk of severe COVID-19

No third dose for now. AP Photo/Robert F. Bukaty

Courtesy of Matthew Woodruff, Emory University

The key scientific advisory council of the Food and Drug Administration has voted to deny authorization of...



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Digital Currencies

Animal Spirits: Crypto's Gateway Drug

 

Animal Spirits: Crypto’s Gateway Drug

Courtesy of Michael Batnick

Today’s Animal Spirits is brought to you by YCharts

On today’s show we discuss:

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Chart School

Gold and Silver Volume Waves Review

Courtesy of Read the Ticker

The sign says it all. The professionals want the public to focus on the words, to scare out the weak hands, but the color of the sign underlines the value in a money printing world, its gold stupid.

Point and figure (PnF) charts draw price waves with the sum of volume per wave. PnF charts high light true accumulation underneath price action. This is why Richard Wyckoff favored PnF charts.    

In the charts below we see price moving sideways to down, yet volume on up waves are greater than volume on down waves. At the moment there is no heavy selling on down waves. Or in other words price is being moved down at a low volume expense to allow accumulation at a lower price.

This action represents professionals building their...

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Promotions

Phil's Interview on Options Trading with TD Bank

TD Bank's host Bryan Rogers interviewed Phil on June 10 as part of TD's Options Education Month. If you missed the program, be sure to watch the video below. It should be required viewing for anyone trading or thinking about trading using options. 

Watch here:

TD's webinar with Phil (link) or right here at PSW

Screenshots of TD's slides illustrating Phil's examples:

 

 

&n...



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Kimble Charting Solutions

Crude Oil Cleared For Blast Off On This Dual Breakout?

Courtesy of Chris Kimble

Is Crude Oil about to blast off and hit much higher prices? It might be worth being aware of what could be taking place this month in this important commodity!

Crude Oil has created lower highs over the past 13-years, since peaking back in 2008, along line (1).

It created a “Double Top at (2), then it proceeded to decline more than 60% in four months.

The countertrend rally in Crude Oil has it attempting to break above its 13-year falling resistance as well as its double top at (3).

A successful breakout at (3) would suggest Crude Oil is about to mo...



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ValueWalk

Managing Investments As A Charity Or Nonprofit

By Anna Peel. Originally published at ValueWalk.

Maintaining financial viability is a constant challenge for charities and nonprofit organizations.

Q4 2020 hedge fund letters, conferences and more

The past year has underscored that challenge. The pandemic has not just affected investment returns – it’s also had serious implications for charitable activities and the ability to fundraise. For some organizations, it’s even raised doubts about whether they can continue to operate.

Finding ways to generate long-term, sustainable returns for ...



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Mapping The Market

Suez Canal: Critical Waterway Comes to a Halt

 

Suez Canal: Critical Waterway Comes to a Halt

Courtesy of Marcus Lu, Visual Capitalist

The Suez Canal: A Critical Waterway Comes to a Halt

On March 23, 2021, a massive ship named Ever Given became lodged in the Suez Canal, completely blocking traffic in both directions. According to the Suez Canal Authority, the 1,312 foot long (400 m) container ship ran aground during a sandstorm that caused low visibility, impacting the ship’s navigation. The vessel is owned by Taiwanese shipping firm, Evergreen Marine.

With over 2...



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The Technical Traders

Adaptive Fibonacci Price Modeling System Suggests Market Peak May Be Near

Courtesy of Technical Traders

Our Adaptive Fibonacci Price Modeling system is suggesting a moderate price peak may be already setting up in the NASDAQ while the Dow Jones, S&P500, and Transportation Index continue to rally beyond the projected Fibonacci Price Expansion Levels.  This indicates that capital may be shifting away from the already lofty Technology sector and into Basic Materials, Financials, Energy, Consumer Staples, Utilities, as well as other sectors.

This type of a structural market shift indicates a move away from speculation and towards Blue Chip returns. It suggests traders and investors are expecting the US consumer to come back strong (or at least hold up the market at...



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Lee's Free Thinking

Texas, Florida, Arizona, Georgia - The Branch COVIDIANS Are Still Burning Down the House

 

Texas, Florida, Arizona, Georgia – The Branch COVIDIANS Are Still Burning Down the House

Courtesy of Lee Adler, WallStreetExaminer 

The numbers of new cases in some of the hardest hit COVID19 states have started to plateau, or even decline, over the past few days. A few pundits have noted it and concluded that it was a hopeful sign. 

Is it real or is something else going on? Like a restriction in the numbers of tests, or simply the inability to test enough, or are some people simply giving up on getting tested? Because as we all know from our dear leader, the less testing, the less...



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Insider Scoop

Economic Data Scheduled For Friday

Courtesy of Benzinga

  • Data on nonfarm payrolls and unemployment rate for March will be released at 8:30 a.m. ET.
  • US Services Purchasing Managers' Index for March is scheduled for release at 9:45 a.m. ET.
  • The ISM's non-manufacturing index for March will be released at 10:00 a.m. ET.
  • The Baker Hughes North American rig count report for the latest week is scheduled for release at 1:00 p.m. ET.
...

http://www.insidercow.com/ more from Insider





About Phil:

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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About Ilene:

Ilene is editor and affiliate program coordinator for PSW. Contact Ilene to learn about our affiliate and content sharing programs.