Apple’s $1 trillion value doesn’t mean it’s the ‘biggest’ company

 

Apple's $1 trillion value doesn't mean it's the 'biggest' company

Courtesy of Jerry Davis, University of Michigan

On Aug. 2, Apple became the first U.S. public corporation to achieve a US$1 trillion valuation, making it the largest company in the world – by one measure at least.

A New York Times article proclaimed that this milestone “reflects the rise of powerful megacompanies” that control a large and growing share of all corporate profits. It also warned that this phenomenon might be contributing to stagnant wages, a shrinking middle class and rising income inequality, suggesting regulators may need to rein them in or break them up.

But what exactly defines a “megacompany”? And what would make it so powerful that it needs dismantling, like “Ma Bell” back in the 1980s?

As a scholar of corporations, I believe that if we want to understand – and regulate – big companies, it’s important to be clear on the very different meanings of “big.”

When General Motors was the most valuable U.S. company, it was big in many ways, including having the second-most employees. AP Photo

Yesterday’s ‘big’

When Fortune magazine first wanted to create a roster of America’s 500 biggest corporations in 1955, revenue was the obvious way to think about size.

A “major corporation” was one that sold a lot of products. With almost $10 billion in annual sales, thanks to its 54 percent share of the U.S. auto market, General Motors topped Fortune’s list that year.

But GM was also big in most every other way, including its stock market valuation or “market cap” (where it was No. 1), assets (No. 2, after AT&T) and employment (also just behind AT&T at 624,000). Indeed, for much of the post-war era the biggest corporations were big in every way, and market cap was very highly correlated with revenues, employment and assets.

Not anymore. The post-industrial corporation of today is often heavy on market cap but, like Apple, light on employment and hard assets.

 

Let’s look


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  • Phil, I don't know if I told you lately but you da man! I'm doing so much better following your guidelines. It's like you actually know what you are talking about. 8-) I've tried a lot of services and none of them are as comprehensive or honest AND successful. I appreciate all youz other guys/gals input as well…learning tons as a relative newbie to this game.

    Aclend

  • 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

  • AMZN ... thanks Phil; boy did they run a squeeze on everyone there ... made me sweat ... scaling helped! I think AMZN has an 85 handle tomorrow ... maybe lower.

    Cap

  • thanks for the DNDN recommendation last week phil. that was moneeeee….

    Kwan

  • Thank you Phil for this site – the trade discussions on PSW are mind boggling. Future trading while learning to be a value investor. Priceless

    Joseph

  • Phil/USO Adjustment~~ Thanks for showing us the make it even (maybe even profitable) tricks for 'fixing' a losing position. I would have never known the trick if you didn't explain it. The option adjustment techniques are very helpful. Trading stocks would probably never offer that kind of flexibilities! Thanks!

    Investwizard

  • 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…

    Nramanuja

  • Phil/ Thanks to your obsessive bearish anxiety over the last few weeks, I made money on the long side this month, phased gradually to bearish, came in net short today and managed to make money both long and short all week, ending today [and each day this week] in the green. I don't know how you do it, but thank you.

    Zeroxzero

  • Your board has been fantastic helping the less experienced (includes me) navigate through all the turmoil. The contributions from your members has been well rounded, objective, and extremely helpful. Sans the politics you have built a fantastic community and that is a tribute to you. I thank you and all fellow members for there contributions over the past few days. Fantastic group!

    dclark41

  • Phil/CLK4 – Perfect! Saw the answer 1 min after my post…out with $740 on two contracts. Thanks again for the education.

    Jeffdoc2004

  • Phil, I meant to post over the weekend, but I was busy having fun . Last week was a very nice week for me, and I wanted to thank you for all that you do. I am pretty much back to cash and really feel like I am learning. I have out performed the $5kp by a very large margin. Thanks again for the service you provide.

    Scotbraze

  • Thanks super helpful re: UGN example…..other inflation/market-correction-defensive-related play you threw out that has jammed UP in less than a month is TITN 6/14 $15 puts, up 40%. Excuse my enthusiasm but haven't had those types of gains in multiple plays in years let alone days doing it on my own…….maybe I should host the PSW infomercial!!!!

    stevegeb200

  • 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

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

    OnWisconsin

  • Very nice in and out on those USO puts again, easy way to get the subscription covered in just a couple of hours. Thanks again Phil and everyone here contributing to such intelligent and informative discussion! I have wasted countless hours reading "professional newsletters" and message board blather over the years. Have learned a great deal here in a very short time. I have sent out a number of invites to friends and family for stockworld!

    Eyezz

  • Tesla et. al. – I've spent many months getting hammered shorting overvalued Momos, until, finally, I internalized Phil's message. Play small; give yourself plenty of room to double/move up the [lack of value] chain in terms of price. Play short; take [Musk's, eg.] latest bleep and sell the spike for a short time frame, because his tweets always come to naught. I've been coining money doing it, I just watch that premium melt away with scarcely veiled amusement. Swinging for the fences is for suckers [me, for a long time]. Those little gains really add up — $2k per week of evaporated premium and you could actually buy a Tesla by the end of the year!!

    zeroxzero

  • Phil/Eric/Cwan/Matt/Cap/etc.. - I've learned so much from all of you and want to thank you. I'm up 23% this month thanks to all of your advice - Thanks, guys!

    Josiah

  • Thanks to Phil (again) for the lessons on the art of the roll, selling premium and hanging tight under fire (particularly in the first hour of trading-MADNESS). Watching you manage the $25KP has really helped my trading in a big way.

    Oknoman

  • Don't expect to get rich quick here, but you can get easy 30 - 50 % per year, just by buying good stocks at discount (as we often discuss), selling monthly premiums of calls and puts.

    Tchayipov

  • Phil- I want to let you know that you really helped me make some money this morning when I probably would have lost on my own. I was stuck in doctors waiting rooms most of the morning starting at 8AM. By following the game plan you laid out and using my smartphone, I went short on oil whenever we got to 61.50 and long at 61 waiting for the spikes ahead of inventory. When 10:30 rolled around I was out after selling longs at 61.60 a few minutes earlier. I went short at 61.75-61.80 and voila, rode it down to 60.60 or so. Thank you.

    craigsa620

  • Thanks Phil, for banging the table on getting short and getting to cash. Usually when this happens in the market I am freaking out but I actually made money this week thanks to you. That HOV trade was a great way to re-deploy some of my cash.

    Julian

  • I really would like to meet all of the posters here who seem like an intriguing bunch of intelligent, opinionated (without being obnoxious or condescending most of the time), and well spoken people. Not so easy to find in this age of instant gratification and me first attitudes. Usually this results in groups where misinformation is used to gain an advantage, or whatever it takes to beat the other guys. I love the one for all, all for one vibe here, sharing your best ideas and helping each other work together for a common goal, to be successful investors!

    craigsa620

  • We are lucky to be in America and it is great to be part of the PSW tribe. Keeps me thinkin' and gatherin' the profits. ~ 42 % gain in my trading account year to date, which keeps me happy. Half to a third of the trading account is reserved in margin capacity that Is not committed. So, again thanks Phil and all of you other members.

    Newthugger

  • The wonderful resource that Phil has created for us and nourished by its members is so powerful in what it can teach us going forward, but also what we can learn from the past. I never say it often enough, but Phil – thanks for all the work you do for us.

    Winston

  • Thank you Nantucket. It is hard to be a complete beginner in the market with this complicated, fast moving, and very advanced group. Phil is the Great One, but the membership is absolutely amazing! Had I known this ahead I would probably log in as "awe struck" everyday.

    Coke

  • Thanks, Phil. I really appreciate your sentiment and commitment! Just want to thank you for what you do for all of us.

    JBaker

  • Phil – Not that you dont usually, but you have DEFINITELY earned your money this week. THe recommendations have been PERFECT. Selling into the initial excitement (MULTIPLE TIMES), hedges, everything. Im reading this when I get home from work and want to cry b/c I cant trade at work! I might have to start getting up at 3 AM though to catch those trades bc youre killing it then too! May you and yours have a blessed weekend!

    Jromeha

  • Great calls this week!

    SNS1

  • I am not a user of phil's site now, but was for a couple years. His advice and information is excellent. Perhaps even better, you get access to real-time trades of additional traders on his site (OptTrader, etc) and the other members who post what they are buying and selling. Overall, its a very valuable information tool. Expensive, but paid for itself many times over. I did not renew my membership because I switched jobs and did not have time to trade nearly as much.

    XRTrader

  • It is hard to learn the process that Phil teaches, but it is worth the effort. I think it is finally sinking in & so I say Thanks teacher for your patience & expertise! I've had a very good week so far & I know it is because of persisting in this learning process that you teach.

    Pirateinvestor

Whipsaw Wednesday – Futures Collapse as Turkey Strikes Back With Tariffs – What Will Happen When China Does?

Image result for turkey tariffsDoes our economy have a glass jaw?  

We like to punch others but it doesn't look like we can take one as the Futures where KO'd with one punch as Turkey announced they would raise tariffs on US goods and boycott other goods like, gasp, iPhones which are, I think, 90% of the US economy.  “For the sake of a pastor, they have come to the point of breaking relations with Turkey,” Erdogan’s spokesman Ibrahim Kalin told reporters in Ankara on Wednesday.  It's not so much Turkey as the realization that ALL the other countries we are in a Trade War with (ie. ALL the other countries) may stop rolling over and start going on the attack against Trump and his bullying tactics.  

Turkey is already benefiting from standing up to Trump with a 7% pop in the Lira this morning but it's still down over 30% against the Dollar this year, so nothing for them to celebrate over at the moment.  The decree signed by Erdogan doubled Turkish tariffs on passenger cars to 120%, on alcoholic drinks to 140% and on tobacco to 60%. Tariffs were also doubled on goods such as cosmetics, rice and coal.  

The United States was the fourth largest source of imports to Turkey last year, accounting for $12Bn of imports and, as noted yesterday, Turkey's GDP is $850Bn – so they really don't have that much to lose cutting off relations with the US while we desperately need their strategic location for NATO defense.  In other words, it's another victory Trump has handed to Putin and Russia as we push Turkey out of NATO's arms and back to Russia – something that was competely unthinkable before Trump got "elected".  

Image result for trump tweetHey, but at least there are no tapes (remaining) of Trump saying the "N" word over and over again on his Apprentice set because THAT would be bad, right?  Not that it would matter, Trump would just spin it the way he's spinning the Russia investigation – relentlessly until people aren't sure what to believe anymore.  Trump comes down on Omarosa for "changing her tune" about him after he's no longer paying her to say nice things, saying she has…
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We are guinea pigs in a worldwide experiment on microplastics

 

We are guinea pigs in a worldwide experiment on microplastics

File 20180713 27045 11g61wx.jpg?ixlib=rb 1.1

Microplastics in the Mediterranean Sea. By Dirk Wahn/shutterstock.com

Courtesy of John Meeker, University of Michigan

One of the main problems with plastics is that although we may only need them fleetingly – seconds in the case of microbeads in personal care products, or minutes as in plastic grocery bags – they stick around for hundreds of years. Unfortunately, much of this plastic ends up as environmental pollution. We’ve all seen the gruesome images of a sea turtle killed by a plastic bag, or the array of bottle caps, toothbrush fragments, and other plastic items found in the stomach of an albatross carcass. But what about the tiny microplastics that aren’t as readily visible?

A black footed albatross chick with plastics in its stomach lies dead on Midway Atoll in the Northwestern Hawaiian Islands. Midway sits amid a collection of man-made debris called the Great Pacific Garbage Patch. Along the paths of Midway, there are piles of feathers with rings of plastic in the middle – remnants of birds that died with the plastic in their guts. Dan Clark/USFWS via AP

Much of the hundreds of millions of tons of plastic waste in our oceans is made up of microplastics. These are defined as plastic beads, fibers or fragments with a diameter of less than five thousand micrometers (μm), equal to one-half centimeter. Nanoplastics are thousands of times tinier, with a diameter of less than 0.1 μm, and are also likely to be widely present. By comparison, a human hair ranges from about 15 to 180 μm across. Some of these microplastics are deliberately engineered like microbeads in a facial scrub. Others result from the break down of larger plastic items.

Stop ocean plastic pollution. Ban the microplastic beads in personal hygiene products like toothpaste and cosmetics. By Supriya07/shutterstock.com

I’m an environmental epidemiologist with a research group that studies exposure to chemicals commonly found in consumer products, including plastics, and…
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Turnaround Tuesday – US Markets Run Up in the Futures Just Because

Yet another meaningless Monday erased from history.

After all of yesterday's excitement, the Futures have taken us right back to where we finished on Friday, 2,832 on the S&P 500 and 25,300 on the Dow – as if yesterday never happened.  I'm not sure it will last as Europe is flat, not up and China was down yet again this morning so there's nothing really to get too excited about and 25,300 is a good shorting line on the Dow Futures (/YM) with tight stops above – if you feel like playing.

We felt like playing yesterday as Gasoline (/RB) dipped down to the $2 line and Oil (/CL) fell to $66 and I said to our Members at 1:48 in our Live Chat Room:

Wow, Oil etc went down hard and fast, good chance to get back in for the bounce off $66 on /CL and $1.99 on /RB (tight stops below).  

I know, so complicated, right?  How will you ever learn the jargon?  Well, I would think our results would motivated you as those Gasoline contracts made a quick $1,000 each at $2.02 (and back to $2.05 this morning for another $1,260 per contract since) while Oil Futures (/CL) blasted back over $68 for a $2,000 per contract gain ($67.50 in yesterday's close was $1,500 per contract – also very nice!  

Futures trading is the only kind of day trading I like to do as it's a nice quick way to take advantage of market stupidity without incurring a lot of trading fees and, more importantly, without consuming your attention.  As Fundamental Investors, we KNEW $2 was too low for /RB (that did not stop it from hitting $1.98, of course) and we KNEW $66 was too low for oil with 2 weeks until a holiday weekend so it made good sense to take a chance at those levels and notice we waited until AFTER it bottomed – you don't get rich trying to call exact bottoms or tops in the Futures!

 As I was saying in last week's webinar,…
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Interview with Cheri Jacobus

Cheri Jacobus talks about the GOP, Russia, the media and taking back Congress.

Interview with Ilene at Phil's Stock World

Cheri Jacobus is a widely known political consultant, pundit, writer and outspoken former Republican. She has been a guest on CNN, MSNBC, FOX News, CBS.com, CNBC and C-Span. After many years working with the GOP, she has a unique view of the party and politics. Cheri shares her insights on today’s political environment with us.

Ilene: What are the main factors that have transformed the Republican Party into what it is today? 

Cheri: Right-wing media and evangelicals softened the GOP, making it quick to sell out to Trump. I witnessed the change in FOX as it morphed from being a fresh, scrappy effort with what was then a needed voice in a sea of liberal media, to a completely dishonest, manipulative, corrupt enterprise both on and off the air. And right-wing evangelicals (not to be confused with legitimate Christians) drowning in Trump-backing hypocrisy stems from ignoring the line between church and state, spouting propaganda from the pulpit. 

Ilene: What do you mean by “softened”?

Cheri: Methodically dumbing down, requiring little fact-checking or thoughtful debate, so that the Machiavellian establishment was quick to sell out  no questions asked. It was made easy for them.

Ilene: It seems to me that Trump supporters and Trump critics live in different worlds. How did this happen?

Cheri. While Trump supporters know about some of Trump’s tweets, they learn about them through the filter of right-wing Trumpian media, and never hear the fact-checking or push-back. Trump supporters live in an information vacuum but don’t know it. They are not on Twitter, by and large (although we know there are millions of fake Trumpkins on Twitter as trolls and bots). The “fix” is having real media be consistent, clear, repetitive and never let up reporting the truth about Trump.

Ilene: What are the Democrats’ odds of winning the House and/or Senate in 2018?

Cheri: Very good, but not the slam dunk many believe, unless Mueller comes down heavy before that. And, given the media blackout of all negative news on Trump in some corners, many voters will not get the full picture. A daily diet of FOX, Trump right-wing radio and disinformation from the pro-Putin Breitbart, Daily Caller and the mysteriously-funded…
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Monday Market Movement – Bouncing Back to Highs?

Image result for trade war market highsTrade War – so what?

Despite Friday's sell-off, which was more a result of Turkey's currency issues than the escalating Trade Wars, the markets are still generally shrugging off any and all bad news as they continue to march into uncharted territories.  Nothing has changed today – the Turkish Lira is still collapsing only now it's taking other currencies with it and the Trade War talk is heating up between the US and China, the US and Japan, the US and Russia, the US and Europe, the US and Canada and the US and Mexico and I THINK that's all the countries we're fighting with at the momen- all I know is I'm on a cruise with people from all over the World and they all ask me "What the f*ck is wrong with your President?"

So far, we're only scratching the surface of Trump's actions compared to Trump's threats.  About $700Bn worth of tariffs have been threatened which would tax the American consumers $175Bn at 25% but, so far, "only" $63Bn worth of tariffs have been enacted so 1/10th of the way there and look at all the chaos it's already causing.  Want to stay for rounds 2-10?

Image result for trade war market highsYet traders seem perfectly happy to ignore the multiple elephants in the room as we party like it's 1999 and now we'll see if last week's dip was the start of a correction or yet another pullback we bounce right back from.  Bounce lines to watch are:

  • Dow (/YM) 25,650 to 25,175 is a 475 drop so we'll call it 100-point bounces to 25,275 (weak) and 25,375 (strong)
  • S&P (/ES) 2,860 to 2,820 is a 40-point drop so call them 10-point bounces to 2,830 (weak) and 2,840 (strong)
  • Nasdaq (/NQ) 7,500 to 7,375 is 125 so we get 25-point bounces to 7,400 (weak) and 7,425 (strong)
  • Russell (/RTY) 1,700 to 1,675 is 25 points so 5-point bounces to 1,680 (weak) and 1,685 (strong)

We're certainly going to get our weak bounces and probably strong bounces into the open but what matters is what holds for the day
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Phil's Favorites

How a Swiss bank was toppled by a financial scandal in Malaysia - and what can be learned from it

 

Embed from Getty Images

 

How a Swiss bank was toppled by a financial scandal in Malaysia – and what can be learned from it

Courtesy of Salvatore Cantale, IMD Business School and Ivy Buche, IMD Business School

The world’s biggest financial scandal, over missing b...



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Zero Hedge

The 1997 Asia Crisis: "We Were There"

Courtesy of ZeroHedge. View original post here.

Authored by Nicholas Colas via DataTrekResearch.com,

Having covered cyclical industries (primarily autos, in my case) since the early 1990s, I vividly remember every financial crisis of the last 30 years because “my” stocks always get destroyed in the process. Based on that experience I can tell you every such event feels unique and shocking as you transit through them. To borrow from Tolstoy, every happy market is the same, but every crisis market is different in its own way.

...



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Kimble Charting Solutions

Are Commodities Sending Global Macro Message To Investors?

Courtesy of Chris Kimble.

Commodities are becoming a hot topic… and an important investing theme. With the US Dollar coming back to life, commodities have pulled back. And that pullback now has the “equal weight” complex in trouble.

Below is a chart of the Thomson Reuters Equal Weight Commodity Index. The green shaded area represents a 20-year rising channel (point 1).  Within that channel, however, commodities have formed a multi-year downtrend (point 2 – marked in red).

Using the all-time high and the early 2016 low, we can identify key Fibonacci levels. One level is the 23.6% Fib, which proved to be stiff resistance (point 3), marking a bearish reversal as well.

Currently, the Commodity Index is attempting to break 20-year channel support (point 4).

Investors should watch for ...



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ValueWalk

The Anatomy Of A Crisis: A Strong USD And Disappearing Liquidity

By Adem Tumerkan (PalisadeResearch). Originally published at ValueWalk.

Since March – the dollar’s rallied over 7%. And it’s caused the Emerging Markets to implode.

Q2 hedge fund letters, conference, scoops etc

But the bigger problem is what lies ahead.

And that’s a global dollar shortage – which the mainstream continues to ignore. . .

I’ve touched on this a couple months back. Wondering when the mainstream would start to r...



more from ValueWalk

Insider Scoop

Vertical Group Turns More Bearish On Tesla, Doesn't Expect Company To Go Private

Courtesy of Benzinga.

Related TSLA Upcoming Earnings: Tech Giant Nvidia Unveils New GPUs Ahead Of Q2 Results The Downfall Of Elon Musk ...

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

Chart School

Bitcoin Update - 6000 is support

Courtesy of Read the Ticker.

Demand shows it hand at support levels, well it obvious that $6000 BTCUSD is support so far.

More from RTT Tv , Ref: Brazil bitcoin currency , Brazil New Accounts
 


 

Main Chart in video



 

Sure fundamentals...



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Biotech

Here's what we know about CRISPR safety - and reports of 'genome vandalism'

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

 

Here's what we know about CRISPR safety – and reports of 'genome vandalism'

A standee of the movie ‘Rampage’ at a theater in Bangkok, Thailand. Scientists in the film used CRISPR to create a monster. By Sarunyu L/shutterstock.com

Courtesy of Jianhua Luo, University of Pittsburgh

A movie just recently released called “Rampage” features Dwayne “The Rock” Jo...



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Digital Currencies

What is a blockchain token?

 

What is a blockchain token?

What’s this digital token good for, anyway? knipsdesign/Shutterstock.com

Courtesy of Stephen McKeon, University of Oregon

People are just becoming acquainted with the idea of digital money in the form of cryptocurrencies like bitcoin, where transactions are recorded on a secure distributed database called a blockchain. And now along comes a new concept: the blockchain-based token, which I’ve been following as a blockchain researcher a...



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Members' Corner

There Are 3 Main Theories That Explain Trump's Approach to Putin and Russia-Which One Makes the Most Sense?

What do you think?

Thom Hartmann suggests that the "Manchurian Candidate theory" is the least likely explanation for Trump's pro-Russia behavior in "There Are 3 Main Theories That Explain Trump’s Approach to Putin and Russia—Which One Makes the Most Sense?" (below).  disagrees and suggests that Putin probably has "the goods" on Trump in "Trump’s Plot Against America". (To be fair, Hartmann acknowledges that his three theories are not mutually exclusive.) Jonathan Chait argues ...



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Mapping The Market

Mistakes were Made. (And, Yes, by Me.)

Via Jean-Luc:

Famed investor reflecting on his mistakes:

Mistakes were Made. (And, Yes, by Me.)

One that stands out for me:

Instead of focusing on how value factors in general did in identifying attractive stocks, I rushed to proclaim price-to-sales the winner. That was, until it wasn’t. I guess there’s a reason for the proclamation “The king is dead, long live the king” when a monarchy changes hands. As we continued to update the book, price-to-sales was no longer the “best” single value factor, replaced by others, depending upon the time frames examined. I had also become a lot more sophisticated in my analysis—thanks to criticism of my earlier work—and realized that everything, including factors, moves in and out of favor, depending upon the market environment. I also realized...



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OpTrader

Swing trading portfolio - week of September 11th, 2017

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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Promotions

Free eBook - "My Top Strategies for 2017"

 

 

Here's a free ebook for you to check out! 

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.

Some other great content in this free eBook includes:

 

·       How 2017 Will Affect Oil, the US Dollar and the European Union

...

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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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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. She manages the site market shadows, archives, more. Contact Ilene to learn about our affiliate and content sharing programs.

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