Archive for 2014

Comment by rpme

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  1. rpme

    Phil, strange but I only have 2 comments from Members so far today, both from Sage, have all of yours and StJean. I have always seen Bird comments in the past. Toothpaste, reference to Willy Wonka perhaps?

Comment by Burrben

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  1. Burrben

    Good read if you're bored (like I am).  A story about a father, a son, and money.
    What I learned from my Father, the Grifter

Comment by yodi

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  1. yodi

    Phil Burrben Thanks for you help 7 AM here in Europe and I went to bed last night the 4PM US closing is late for me.

Comment by yodi

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  1. yodi

    Phil Thank you for the info re archive but I tried everything but I can not pull up the daily report of the 10th April 2012 I am looking for the comments of that day. Thank you

Comment by hoss18

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  1. hoss18

    Phil – On July 16th I bought a CRUS Jan13 25/30 BCS for $2.04 and sold the Jan13 20 Put for $2.00, giving me a $5 spread for $0.04.  Obviously, with their earnings and guidance, they have blown through my spread and the value of the puts has plummeted.  The speed of the change has left me wondering the best way to adjust the position.  I'm thinking about the following:
    Selling the 25 C for $13.35(originally bought for $4.94)
    Buying Jan 13 35/45 BCS for $3.88, and then Selling the Jan 13 Put for $2.65 giving me $10.00 spread for $1.23, and putting $9.47 in my pocket. However, it still leaves me with the sold 30 calls from the original BCS, just using the value of the second BCS to cover the sold calls.
    Or would I be better off buying the Jan 13 29 calls for $10.40 and selling the 25 Calls for $13.40 putting $3.00 in my pocket and making the spread a $1.00 BCS?
    Just wondering the best approach when a BCS suddenly goes hugely in your favor.  Or is it best to just ride it out(which seems like too big a risk given the overall market conditions, which could easily drag this high flyer down).

Comment by emunster

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  1. emunster

    PHIL, I am already out of my PCLN PUT play. I only had one contract but I took the money and ran. Made  about 30% THANKS!

Comment by stjeanluc

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  1. stjeanluc

    Tough sledding for PCLN this week after the monster rally on Friday!

Comment by Phil

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  1. Phil

    DIA/Jerconn – Well there is that.  Maybe they are trying to drive the last few people (I think its us) out of the markets. 

    Gratitude/1020 – Very good point.  

    MLNX/Jerconn – I hate fabless semis.  You never know what's going on from moment to moment.  

    Not good for the indexes if we fail to hold here – Dow 13,000 especially (already 12,968 in the Futures), S&P at 1,380, RUT 787 was a watch line and lining up with precision to NYSE 7,870 and how ridiculous is it for someone to tell you that Bots don't rule this market when we can predict the NYSE and the RUT to move in lockstep with a 10x differential between them?  We already failed my morning watch levels – now let's see if they can take them back on a bounce.  

    Also, I know the market is going lower when I start getting Emails from analysts trying to convince me that my take on the market is wrong.  I love it when they try to change my mind.  Here's one guy (I guess he wants people to read this) who's targeting 1,600 on the S&P based on some seriously faulty analysis of the Dow:

    Dow Jones Industrials Model (c) The Other Street

    Postal/EM – That's going to be another catastrophe.  Congress doesn't let them raise rates and then freaks out when they are over budget – it's ridiculous. 

Comment by 1020

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  1. 1020

    angel – I totally agree with Gary K. The end of the 2012 Olympics could mirror the end of the 2008 summer games.
    Let's hope not…….

Comment by mjjwo9b

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  1. mjjwo9b

    rebelscum/elec:  Populationwise, that is the equivalent of the North American continent being off-line.  Ouch.


Zero Hedge

Johns Hopkins, Bristol-Myers Face $1 Billion Suit For Infecting Guatemalan Hookers With Syphilis 

Courtesy of ZeroHedge. View original post here.

A federal judge in Maryland said Johns Hopkins University, pharmaceutical company Bristol-Myers Squibb and the Rockefeller Foundation must face a $1 billion lawsuit over their roles in a top-secret program in the 1940s ran by the US government that injected hundreds of Guatemalans with syphilis, reported Reuters.

Several doctors from Hopkins an...

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Phil's Favorites

This Is The One Chart Every Trader Should Have "Taped To Their Screen"

Courtesy of Zero Hedge

After a year of tapering, the Fed’s balance sheet finally captured the market’s attention during the last three months of 2018.

By the start of the fourth quarter, the Fed had finished raising the caps on monthly roll-off of its balance sheet to the full $50bn per month (peaking at $30bn USTs, $20bn MBS, although on many months the (balance sheet) B/S does not actually shrink by this full amount which depends on the redemption schedule) and by end-Q4 markets also experienced some of the largest volatility and drawdowns in nearly a decade.

As Nomura&...

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The Competition For Capital Has Made Stocks Cheap

By Michelle Jones. Originally published at ValueWalk.

The new year is upon us, and now is the time many investors look at what 2018 was and prepare for what 2019 might be. Recession jitters are starting to pick back up again, especially now that the full picture of 2018 is in the books. But what if you could pick only one theme for 2018? Jefferies strategist Sean Darby and team have a suggestion which is especially timely given that it appears to mark the end of an era.

StockSnap / PixabayVolatility carries into the new year

This past year was one of extremes, and the markets ended i...

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Kimble Charting Solutions

Stock declines did not break 9-year support, says Joe Friday

Courtesy of Chris Kimble.

We often hear “Stocks take an escalator up and an elevator down!” No doubt stocks did experience a swift decline from the September highs to the Christmas eve lows. Looks like the “elevator” part of the phrase came true as 2018 was coming to an end.

The first part of the “stocks take an escalator up” seems to still be in play as well despite the swift decline of late.

Joe Friday Just The Facts Ma’am- All of these indices hit long-term rising support on Christmas Eve at each (1), where support held and rallies have followed.

If you find long-term perspectives helpf...

more from Kimble C.S.

Digital Currencies

Transparency and privacy: Empowering people through blockchain


Transparency and privacy: Empowering people through blockchain

Blockchain technologies can empower people by allowing them more control over their user data. Shutterstock

Courtesy of Ajay Kumar Shrestha, University of Saskatchewan

Blockchain has already proven its huge influence on the financial world with its first application in the form of cryptocurrencies such as Bitcoin. It might not be long before its impact is felt everywhere.

Blockchain is a secure chain of digital records that exist on multiple computers simultaneously so no record can be erased or falsified. The...

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Insider Scoop Explores Strategic Alternatives, Analyst Sees Possible Sale Price Around $30 Per Share

Courtesy of Benzinga.

Related 44 Biggest Movers From Yesterday 38 Stocks Moving In Wednesday's Mid-Day Session ... more from Insider

Chart School

Weekly Market Recap Jan 13, 2019

Courtesy of Blain.

In last week’s recap we asked:  “Has the Fed solved all the market’s problems in 1 speech?”

Thus far the market says yes!  As Guns n Roses preached – all we need is a little “patience”.  Four up days followed by a nominal down day Friday had the market following it’s normal pattern the past nearly 30 years – jumping whenever the Federal Reserve hints (or essentially says outright) it is here for the markets.   And in case you missed it the prior Friday, Chairman Powell came back out Thursday to reiterate the news – so…so… so… patient!

Fed Chairman Jerome Powell reinforced that message Thursday during a discussion at the Economic Club of Washington where he said that the central bank will be “fle...

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Members' Corner

Why Trump Can't Learn


Bill Eddy (lawyer, therapist, author) predicted Trump's chaotic presidency based on his high-conflict personality, which was evident years ago. This post, written in 2017, references a prescient article Bill wrote before Trump even became president, 5 Reasons Trump Can’t Learn. ~ Ilene 

Why Trump Can’t Learn

Donald Trump by Gage Skidmore (...

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Opening Pandora's Box: Gene editing and its consequences

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


Opening Pandora's Box: Gene editing and its consequences

Bacteriophage viruses infecting bacterial cells , Bacterial viruses. from

Courtesy of John Bergeron, McGill University

Today, the scientific community is aghast at the prospect of gene editing to create “designer” humans. Gene editing may be of greater consequence than climate change, or even the consequences of unleashing the energy of the atom.


more from Biotech

Mapping The Market

Trump: "I Won't Be Here" When It Blows Up

By Jean-Luc

Maybe we should simply try him for treason right now:

Trump on Coming Debt Crisis: ‘I Won’t Be Here’ When It Blows Up

The president thinks the balancing of the nation’s books is going to, ultimately, be a future president’s problem.

By Asawin Suebsaeng and Lachlan Markay, Daily Beast

The friction came to a head in early 2017 when senior officials offered Trump charts and graphics laying out the numbers and showing a “hockey stick” spike in the nationa...

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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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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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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.

Market Shadows >>