Author Archive for ValueWalk

Clem Chambers Explains How ADVFN Became A Financial Information Juggernaut

By Jacob Wolinsky. Originally published at ValueWalk.

Clem Chambers ADVFN

Clem Chambers, the CEO of ADVFN and the CEO of Online Blockchain plc was kind enough to talk with Valuewalk about the success of his investment website. Below is a lightly edited Q&A between Clem and our editor.


Q2 2020 hedge fund letters, conferences and more

Can you tell us about your background?

I started in the software industry over thirty-six years ago and was a pioneer of computer games, massively multiplayer games, multimedia and the internet. I founded internet company Online plc in 1990, which incubated stocks and shares (and now crypto) website ADVFN. My father was a commodity speculator and because of him I acquired an early interest in the financial markets. I’m a value investor at heart.

Alongside ADVFN, I’m CEO of Online Blockchain plc, which is the UK’s leading blockchain research and development company (Online plc changed its name at the end of 2017 to reflect its new direction).

I’m a senior contributor at Forbes and cover global finance, economics and investing for a number of other global publications. I’m author of the Amazon No.1 Bestseller 101 Ways to Pick Stock Market Winners as well as a number of other investing books; I also write financial fiction.

What about your company?

ADVFN was established in the last quarter of 1999 and floated on the London Stock Exchange’s AIM market in March 2000 at the peak of the dot com bubble. A core objective of the site was, and remains, to level the playing field for retail investors by providing access to information that was previously the preserve of professional investors and traders (ADVFN was the first in the UK to bring Level 2 data to retail investors).

ADVFN has grown from being a virtually UK-only site to one which operates in markets across the world providing market-leading financial tools and data. It is the award-winning destination of choice for global retail investors.

How did you become CEO of one of the biggest financial platforms?

I originally came into the company as Marketing Director. I took ADVFN through the float, raised additional money and took responsibility for site development and I became CEO in 2002.

What inspired you to bring ADVFN public?

We wanted…
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Dan David Shorts Dave Portnoy

By Michelle Jones. Originally published at ValueWalk.

Remark Holdings

ValueWalk held its latest virtual contrarian investor conference today, and Dan David of Wolfpack Research was one of the presenters. He explained why he sees Remark Holdings Inc (NASDAQ:MARK) as a good short.


Q2 2020 hedge fund letters, conferences and more

Remark’s Stake In Sharecare, Ownership Of KanKan

He said one of the most popular bull cases for Remark Holdings issued by promoters like David Portnoy, is the company’s 5% stake in Sharecare, a company popularized by Dr. Oz and worth up to $1 billion in an initial public offering. Remark has talked about the possibility of a Sharecare IPO for years.

The problem is that Remark Holdings’ stake in Sharecare has been repossessed and is being held by the Kent County Sheriff in Delaware. The company had agreed to payments of $1 million but didn’t make good on those payments. He believes there is no chance Remark will own a stake in Sharecare going forward.

David also said the company claims to own the Chinese company KanKan, but he doesn’t believe it does. He said Remark Holdings’ agreements don’t create contractual ownership. He said to comply with China‘s laws, which restrict foreign ownership of entities in industries the Chinese government sees as sensitive, Remark employs a structure known as a wholly owned enterprise and variable interest entity (VIE).

Questions About Their Filings

However, as part of that structure, the company has extended loans to the VIE’s owner without a loan agreement to protect the interest of its shareholders. Wolfpack questions whether the agreements exist at all.

The contracts are not in the 10K filings like they are for other companies. David also said the SAIC filings for Remark Holdings show the Chinese VIEs are not consolidated in the financial statements.

The Chinese entities are reporting more than $1.85 million in cash on their balance sheets than Remark Holdings did on its consolidated balance sheet last year. If the VIEs were consolidated as Remark claims they are, it would not be possible for the VIEs to have more cash than the parent company.

Remark’s five Chinese entities reported almost $2 million more in revenue than Remark, which lost $20 million more than its Chinese entities.

Remark Holdings


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Short Thesis: Why Trupanion Inc Could Plunge 85 Percent

By Michelle Jones. Originally published at ValueWalk.

Trupanion Inc Nikkei 225 Index

ValueWalk and its partners hosted its latest contrarian virtual conference today, and one of the presenters was Bradley Safalow of PAA Research. He pitched pet insurance company Trupanion Inc (NASDAQ:TRUP) as a short position.


Q2 2020 hedge fund letters, conferences and more

In fact, he said it’s one of his favorite short ideas and possibly the best short he’s come across in his career. The stock tumbled in premarket trading after his presentation, falling by as much as 7%.

Safalow expects the shares to fall below $10. He describes it as a “structurally flawed, unprofitable company positioned to growth investors as a tech/SAAS story.” He argues that Trupanion Inc will never be profitable.

Trupanion Inc: The Basics

The company’s differentiator is that it pays a 90% reimbursement rate on claims, but the company is backing away from this in one state. Safalow expects it to also back away from it in other states.

Most of its clients are acquired through the vet channel. However, Safalow pointed out that this model means the company is mostly getting pets that already have health problems.

This year Trupanion’s stock has gone up, but its earnings estimates have gone down. He believes that a short squeeze has been going on, sending the stock through the roof.

However, consensus earnings estimates for this year and next year have fallen over the last 18 months. Short interest has declined over the last six to nine months.

Bulls Cite Penetrate Rate, But That Should Be Discounted

Safalow believes the long thesis is based on the low penetration of the market. There are about 184 million dogs and cats in the U.S. and only 2.5 million pet owners had insurance as of last year. Bulls also note that 25% of pet owners in the U.K. have insurance.

He also pointed out that Trupanion Inc’s policies cost almost 50% to 100% more than the average cost for the industry.

Safalow added that company management wants to “create the aura of scalability” based on a measure of profitability before marketing spending. However, he doesn’t believe the business is scalable.

Warning About Competition For Trupanion

There is also plenty of competition in the space, and most competitors are cheaper. As…
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Big Tech Firms Ramp Up Environmental Disclosure

By Jacob Wolinsky. Originally published at ValueWalk.

Climate change worst banker

New S&P Analysis: Big tech firms ramp up environmental disclosure amid calls for more transparency


Q2 2020 hedge fund letters, conferences and more

A new S&P Global Market Intelligence analysis found that big tech companies are taking note of investor demand for greater transparency in environmental reporting, with Facebook, Apple and others recently publishing environmental progress reports. Leveraging Trucost data, the analysis measures how transparent selected American big tech companies are being about their operational environmental and climate-change related risks through weighted disclosure ratios.

Environmental Disclosures Of Big Tech Firms

Key highlights from the analysis include:

  • Facebook published its first-ever sustainability report in July, touting progress towards its goal of reducing greenhouse gas emissions by 75% and powering operations with 100% renewable energy by the end of 2020.

    • This report is a significant change of direction for Facebook, which received an 11% weighted environmental disclosure ratio for 2018 from Trucost, the most recent year available.
  • Apple pledged to become carbon neutral across entire business by 2030, claiming it is already carbon neutral for corporate emissions. It received a 9.6% weighted environmental disclosure ratio from Trucost in 2018.
  • Netflix, which received a 0% on weighted environmental disclosure ratio in 2018, noted in 2019 that 100% of its estimated nonrenewable power use was matched with renewable energy certificates and carbon offsets.
  • Alphabet, Google’s parent company, said it has been carbon neutral since 2007, and is now working to source Carbon-free energy on a 24-7 basis at all data center locations. Alphabet earned a 98.2% disclosure ratio from Trucost in 2018.
  • Amazon is another e-commerce giant on the higher end of the spectrum, earning a 72% weighted environmental disclosure ratio from Trucost in 2018.

Background: Trucost, a part of S&P Global Market Intelligence, is a leader in carbon and environmental data and risk analysis. The unit assesses risks relating to climate change, natural resource constraints, and broader environmental, social, and governance factors. It was acquired by S&P Global in 2016.

Here’s a link to the full analysis and more details about Trucost’s disclosure ratio methodology: https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/facebook-apple-ramp-up-environmental-reporting-amid-calls-for-more-transparency-59412014

Environmental Disclosure

Environmental Disclosure

The post Big Tech Firms Ramp Up Environmental Disclosure appeared first on ValueWalk.

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Hidden Assets: Hiring Job Seekers Who Have Been Laid Off

By Ken Crowell. Originally published at ValueWalk.

Job Seekers Top 10 companies with the happiest employees

With 30 million Americans out of work due to the pandemic recession, the pool of candidates for companies looking to upgrade their talent is enormous. Ken Crowell, founder and CEO of EmployTest, which offers pre-employment screening tests to help employers find the best talent, discusses hiring previously laid off job seekers.


Q2 2020 hedge fund letters, conferences and more

Hiring Job Seekers Who Have Been Laid Off

Some hiring managers and recruiters may favor applicants who are presently employed over laid-off job seekers. They may believe it’s difficult to assess skills and qualifications of unemployed candidates. Pre-employment screening can help companies identify candidates with the specific skills they need from among many applicants, including those who are currently unemployed.

Today, when many employees have been laid off through no fault of their own, it makes sense for hiring managers to give these candidates careful consideration. Their advantages may include:

  • Raw talent: Some unemployed candidates were laid off as a result of the “last-in, first-out” formula that prioritizes seniority over growth potential. These applicants may have a tough time landing interviews due to the short tenure listed on their resume, which many recruiters interpret as a lack of competency. If your company is looking to carefully develop the perfect employee, these types of job seekers are a strong choice.
  • Rapid onboarding: Laid-off workers are often ready to start as soon as possible, and do not have to go through the customary two-week notice process or fulfill obligations to an employer.
  • Versatility of experience: Applicants may be more open to different industries and positions if they are not currently employed.
  • High morale: Laid-off workers tend to be excited about getting back to a normal employment schedule. Receiving a job offer can be both a relief and a source of soaring optimism. Hiring applicants that are full of positive energy can breathe new life into your work environment and stimulate productivity.

“Unemployed applicants are, by nature, hungry for a chance to prove their worth,” Ken says. “They can bring a lot of immediate value to your organization, along with the expertise, experience and dedication needed to truly excel.”


About the Author:
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Crypto banking: The emergence and potential success of the crypto-friendly banks

By Nahla Davies. Originally published at ValueWalk.

Cryptocurrency Banks Fintech Gig Economy Cryptocurrency Banks

For those who have followed the rise of cryptocurrency, it has been a wild ride.

Anonymous, encrypted digital methods of financial transactions have been around since 1983. With the introduction of blockchain technology and the subsequent creation of Bitcoin, cryptocurrency started making headlines and became a buzzword across the globe.

The reaction of governments and banks towards cryptocurrency was largely negative at first. The levels of privacy provided by crypto technology seemed like a criminal’s paradise. Many countries moved quickly to ban or limit new technology.

There was also a large effort by banks and the media to discredit cryptocurrencies. Howard Marks, one of the wealthiest investors in American and founder of Oaktree Capital Management, claimed that cryptocurrency was a scam. According to him, Bitcoin was “nothing but an unfounded fad (or perhaps even a pyramid scheme) … based on a willingness to ascribe value to something that has little or none beyond what people will pay for it.”

Of course, it makes sense for those who have made their wealth via traditional institutions like central banks to act defensive towards cryptocurrency. In many ways, cryptocurrencies have been proven to be a more convenient and stable way to store long-term wealth. Peer-to-peer lending using cryptocurrency has provided some investors with returns over 22%, far beyond what traditional methods could provide.

The world has come a long way since 2009. Cryptocurrency is starting to gain widespread legitimacy, with use surging in the US, UK, Nigeria, Australia, Canada, Mexico, and India. As such, investors are starting to look at cryptocurrency as an increasingly attractive way to make investments.

Opportunity For Cryptocurrency Banks

Politicians worldwide are grappling with how to regulate an industry that is defined by its lack of ability to be regulated. In this article, we will look at the evolving approach of government and regulatory authorities towards cryptocurrencies, and highlight a real opportunity for crypto-friendly banks.

1 – Cryptocurrencies: Stable or Insecure Investments?

What is it that differentiates cryptocurrency from fiat currency? The main distinction is that fiat currency is regulated, with a controlled supply that is backed by the government. Cryptocurrency is unregulated, meaning that it has the potential for unpredictable fluctuations, reflected by the variable value of Bitcoin.

The part about cryptocurrency…
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Investors Target Oil Firms In Bid To Curb Dangerous Methane Emissions

By Jacob Wolinsky. Originally published at ValueWalk.

oil and gas firms Methane Emissions

In the face of looming regulatory rollbacks, investors issue new engagement guidance to oil and gas firms curb dangerous methane emissions


Q2 2020 hedge fund letters, conferences and more

A Systematic Approach To Methane Emissions Reduction

NEW YORK, NY, TUESDAY, AUGUST 11TH, 2020 – As the EPA prepares this week to rollback climate-forward methane regulations put in place by the Obama administration, the Interfaith Center on Corporate Responsibility (ICCR) is issuing new guidance that will enable investors to engage oil and gas companies on methane emissions reduction in a more systematic and effective manner.

Investor Engagement Guidance on Methane lends rigor and clarity to the engagement process for both parties by providing a framework that tracks cumulative goalposts towards better methane management.

Due to their climate and health impacts, methane emissions during oil & gas production have drawn increased scrutiny from the public, environmental and health groups as well as global policymakers. For this reason, strong, yet cost effective regulations in the form of the New Source Performance Standards were enacted by the EPA in 2016, tightening controls around leak detection and repair of new and modified infrastructure, thereby safeguarding the environment and public health. These regulations would also, under the Clean Air Act, have triggered further rules on existing oil & gas firms’ infrastructure, where the majority of leaks are to be found.

Under the current administration, the EPA has proposed removing the Obama-era regulations on methane, an action that would prevent further regulation. A decision is scheduled to be released as early as this Thursday.

Oil And Gas Firms: Industry Performance Is Not Uniform

While some companies have demonstrated leadership on managing methane emissions—both by reducing their own emissions and by advocating for continued federal regulation of methane—industry performance is not uniform, and the result is a fragmented market with mixed performance which will only be exacerbated by the removal of federal regulations.

“Regulation is by far the most effective tool to ensure a level playing field and to protect the industry and its investors from this significant and material risk,” said Christina Herman, ICCR’s Program Director for Climate Change. “Unfortunately, a dearth of accurate emissions disclosure, conflicting policy stances and variable operational quality of methane
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Issue with first coronavirus stimulus checks? Help has arrived

By Aman Jain. Originally published at ValueWalk.

coronavirus, stimulus checks, help, TAS

Though there is no news on the second stimulus package, we have some good news for those still waiting for (or having issues with) their first stimulus check. Until now, eligible Americans were on their own in contacting the IRS over any issues with their stimulus payment. Now, they may get help from a third party in resolving issues with the coronavirus stimulus checks.


Q2 2020 hedge fund letters, conferences and more

Help for first coronavirus stimulus checks

This help for coronavirus stimulus checks comes from TAS (Taxpayer Advocate Service), an independent organization that aims to protect taxpayers’ rights. So far, TAS wasn’t been able to help taxpayers because of limited IRS operations due to the coronavirus pandemic.

The organization, however, has been requesting the IRS to address issues of the taxpayers this year itself, instead of making them wait for another year. As per TAS, the IRS has not committed to addressing all issues related to stimulus checks. The agency, however, has come up with procedures to address certain specific issues (in five categories).

Thus, TAS will now be accepting cases from taxpayers whose issue falls in one of these categories. Going forward, TAS is expected to issue guidelines to help taxpayers on how they can get assistance.

“TAS will be providing more specifics to assist taxpayers in understanding whether their EIP will be corrected now or they will need to wait until they file their 2020 tax return in 2021,” the organization said in a blog post.

Further, TAS said it would also issue details if taxpayers’ issues with stimulus checks qualify for “TAS assistance and the best way to reach us for assistance.”

Cases that the IRS will look into

As said above, the IRS has shown commitment to address five categories of issues with the stimulus checks. Those five categories are:

  • The taxpayers who used the IRS Non-Filer Tool and claimed payment for at least one eligible dependent, but did not get the payment for the dependent.
  • Eligible taxpayers who filed Form 8379 for Injured Spouse Allocation but did not get the payment for the same.
  • The eligible taxpayers whose checks were less than the original amount because the IRS


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Why Website Speed Matters More Than You Think

By Jacob Wolinsky. Originally published at ValueWalk.

Bounce rates

Slow load speed can have far-reaching effects on a website’s success, particularly for ecommerce stores in often saturated markets. Even an extra second of waiting time can be the difference between a sale and a shopping cart left incomplete.


Q2 2020 hedge fund letters, conferences and more

One in four visitors would abandon a website that takes more than four seconds to load, which means the abandoned page will have a high bounce rate.

Website Load

A high bounce rate then signals to search engines that users don’t find the page content useful, so its rankings will slip, too – which in turn means less organic traffic landing on the site to begin with.

Perhaps worst of all, ecommerce websites will lose ready to buy customers if their checkout page is even a little bit slower than the competition’s. And losing customers means losing sales – even a one second delay will reduce conversions by 7%. In short, speed is vital for business websites.

A slow site will experience reduced page views, decreased customer satisfaction and loyalty, reduced conversions, and lower SEO rankings. But the good news is that even marginally increasing a website’s speed will pay dividends:

Website Load

How Fast Should a Website Load?

Ideally, you’ll want your website to load within three seconds, or two seconds if it’s an ecommerce site. The two-to-three second mark is the turning point where bounce rates skyrocket.

How Does Site Speed Impact Sales?

Say you’re running an ecommerce site that makes $100,000 per day. For you, a one second page delay could cost $2.5 million per year in lost sales.

No business, small or large, is spared from the importance of load speed:

Website Load

And in this age of impatience, it’s easy to lose out to competitors over a difference in load time. 14% of customers will begin shopping on another site if they have to wait for a page to load, and 51% of online shoppers in the US say that site slowness is the top reason why they would abandon a purchase.

Why is a Fast Site Needed for Mobile?

Site speed will differ depending on the use of mobile vs…
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Ten Great Things I Learned From Warren Buffett

By Mark Tobak. Originally published at ValueWalk.

Buffett Screener greatest trade ever Buffett SEC Filing berkshire hathaway subsidiaries Dominion Energy Hauptsache sins of omission gruesome stocks Berkshire Hathaway markets volatile market business interruption insurance Valuation Model For Berkshire warren buffett index funds Berkshire Hathaway's Future Warren Buffett coronavirus Billionaire Investor Warren Buffett Berkshire Hathaway chairman and CEO Warren Buffett interview NASDAQ:AAPL shares of apple warren buffett index funds Warren Buffett estimate of intrinsic value

Warren Buffett, the greatest investor of all time, was asked how he wished to be remembered.

He answered, simply, as a teacher.

Lessons Learned From Warren Buffett

Here are ten great things he taught me:

1) Be Fearful When Others Are Greedy, Greedy When Others Are Fearful.

As anyone who has managed a three-dog household can tell you, dogs behave differently in packs.

So do people.

Crowds behave as few individuals would on their own.

The stock market is just one enormous crowd.

And most people are crowd followers.

“But Ma! All the other kids are goin’!”

Get carried away by the crowd and buy oversold stocks at inflated prices.

Or dump depressed shares that flower in the next market spring.

The contrarian view espoused by Warren Buffett is so often the true one.

2) No One Knows What The Market Is Going To Do Tomorrow. I Know America Is Going To Move Forward After Time

Since antiquity people have sought confident predictions.

And they believe them.

Even from people who do nothing else right.

Like the disheveled racetrack tout who insistently promises you the winner of the next race.

And he makes you forget, for the moment,

That no one knows the winner of the next race!

No one can reliably predict the stock market in the short term.

But anyone can appreciate the stock market in the long term.

As Tony Curtis, playing an ersatz millionaire in “Some Like It Hot,” pipes, “Up! Up! Up!”

The Dow Jones Industrial Average rose from 151 in 1940 to over 27,000 in 2020.

Invest for the long term and make a sure bet.

Invest for the short term and make a bad bet.

But somehow people love to make bad bets.

A long shot that could pay off big time is simply more thrilling than a sure shot that pays off on time.

So it is pure cinematic joy when [spoiler alert], against all odds, Luke Skywalker explodes the fiendish Death Star in “Star Wars”.

Han Solo cries, “Great shot, kid! That was one in a million!”

And the spirit of Obi-Wan Kenobe intones, “The Force will be with you, always.”

And we experience movie magic!

But what works in the movies doesn’t work in the market.

For the very rational Warren Buffett,…
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ValueWalk

Clem Chambers Explains How ADVFN Became A Financial Information Juggernaut

By Jacob Wolinsky. Originally published at ValueWalk.

Clem Chambers, the CEO of ADVFN and the CEO of Online Blockchain plc was kind enough to talk with Valuewalk about the success of his investment website. Below is a lightly edited Q&A between Clem and our editor.

Q2 2020 hedge fund letters, conferences and more

Can you tell us about your background?

I started in the software industry over thirty-six years ago and was a pioneer of computer games, massively multiplayer games, multimedia and the internet. I founded internet company Online plc in 1990, which incubated stocks and shares (and now ...



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Phil's Favorites

Bombshell Report: Fed Is Aware that Big Banks Are Rigging their Stress Tests and Letting Them Get Away with It

Courtesy of Pam Martens

Randal Quarles, Vice Chairman for Supervision, Federal Reserve, Testifying before the Senate Banking Committee on May 12, 2020

On January 31 of this year, researchers for the Federal Reserve released a study that showed that the largest banks operating in the U.S. have been gaming their stress test results by intentionally dropping their exposure to over-the-counter derivatives in the fourth quarter. The fourth quarter data is the information used by the Federal Reserve to determine surcharges on capi...



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Kimble Charting Solutions

Doc Copper Bear Market Resistance Kiss In Play!

Courtesy of Chris Kimble

Is ole Doc Copper about to ends its 9-year bear market? I suspect we will find out the answer to the question very soon!

Doc Copper has created a series of higher lows inside the falling channel (1) since it peaked back in 2011.

The rally from the lows in March of this year, has Doc Copper testing the top of its falling channel as well as a support/resistance price zone at (2).

With Doc Copper still in a bear market (lower highs for 9-years), this price test comes into play as important resistance at (2).

If Doc Copper breaks out at (2), it would send...



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Zero Hedge

Global COVID-19 Pandemic Surpasses 20 Million Confirmed Cases: Live Updates

Courtesy of ZeroHedge View original post here.

Summary:

  • Global COVID count tops 20 Million
  • Cali sees "encouraging signs", Gov Newsom says
  • "Big Ten" cancels season
  • California reports 7,751 new cases, says it has fixed reporting issues
  • NJ transmission rate shows virus no longer spreading in state
  • Arizona COVID outbreak continues to slow; ICU rates decline again
  • NY reports just 2 COVID deaths ...


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Chart School

Silver Big Channel

Courtesy of Read the Ticker

Big channels are the sand pit of price action. Lets review some big trends of these past months.


GLD
- Moving higher to upper solid red line channel


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XAU
- Ready to pause, or simply explode.



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SILVER
- Ready to pause, or simply explode.


Click for popup. Clear your browser cache if image i...



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Biotech/COVID-19

How to use ventilation and air filtration to prevent the spread of coronavirus indoors

 

How to use ventilation and air filtration to prevent the spread of coronavirus indoors

Open windows are the simplest way to increase air flow in a room. Justin Paget / Digital Vision via Getty Images

Courtesy of Shelly Miller, University of Colorado Boulder

The vast majority of SARS-CoV-2 transmission occurs indoors, most of it from the inhalation of airborne particles that contain the coronavirus. The best way to prev...



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The Technical Traders

Melt-Up Continues While Metals Warn of Risks

Courtesy of Technical Traders

What a week for Metals and the markets, folks. The Transportation Index is up nearly 4% for the week.  The Dow Jones Industrial Average is up over 3% for the week.  Silver is up over 14% and reached a peak near $30 (over 23%).  Gold is up over 2.5% and trading above $2025 right now – with a peak price level near $2090.  If you were not paying attention this week, there were some really big moves taking place.

MELT-UP WITH HIGH RISKS – PAY ATTENTION

Overall, our research team believes the current “melt-up” price action is likely to continue as global investors continue to believe the US Fed will do everything possible to save the...



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Digital Currencies

Raoul Pal: "It May Not Be Worth Owning Any Asset Other Than Bitcoin"

Courtesy of ZeroHedge View original post here.

Authored by Turner Wright via CoinTelegraph.com,

Raoul Pal, CEO and founder of Real Vision, says Bitcoin may soon become his only asset for long-term investments.

image courtesy of CoinTelegraph ...



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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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Members' Corner

Coronavirus, 'Plandemic' and the seven traits of conspiratorial thinking

 

Coronavirus, 'Plandemic' and the seven traits of conspiratorial thinking

No matter the details of the plot, conspiracy theories follow common patterns of thought. Ranta Images/iStock/Getty Images Plus

Courtesy of John Cook, George Mason University; Sander van der Linden, University of Cambridge; Stephan Lewandowsky...



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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.
...

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Promotions

Free, Live Webinar on Stocks, Options and Trading Strategies

TODAY's LIVE webinar on stocks, options and trading strategy is open to all!

Feb. 26, 1pm EST

Click HERE to join the PSW weekly webinar at 1 pm EST.

Phil will discuss positions, COVID-19, market volatility -- the selloff -- and more! 

This week, we also have a special presentation from Mike Anton of TradeExchange.com. It's a new service that we're excited to be a part of! 

Mike will show off the TradeExchange's new platform which you can try for free.  

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Mapping The Market

How IPOs Are Priced

Via Jean Luc 

Funny but probably true:

...

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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. Contact Ilene to learn about our affiliate and content sharing programs.