Joined last year and and started profitably trading options thanks to everything I have learned here. THANK YOU!!
OnWisconsin
100KP dividend plays - FYI, I'm loving them...thanks, Phil!!! Including the $0.848/share dividend, I am up 100% on my $2.38 net entry on LYG...that's pretty cool!
SSDirk
Phil/ et al- Thanks for the answers to my spread questions last night, as I really needed that little piece of knowledge to crystallize my understanding of spreads. Your help is much appreciated and I have been doing really well for the last couple of months with fewer and fewer missteps as I embrace the PSW ways and watching my portfolios grow.
Craigsa620
This site, for me, is where I have learned how to use options & futures. It is also where I get a constant flow of new ideas. In addition, it's great to know that I have many sources, mostly Phil, if I get lost in a trade. I have been here for 8 years, and am grateful to PHIL and fellow members. I manage about half a million, and although I may not always achieve what Phil does, I am not complaining. I have learned so much. Thank you Phil!
DClark41
I have been with this site since the beginning and i have learned more the past 3 years than the previous 10. Information and great commentary are abound. The traders on the site are second to none and my portfolio has benefited greatly.
Kustomz
Thanks, after years of blood and blunders, I have reached a significant milestone – I don't lose money. Net net, I rarely have a losing week, market up, market down. And that I owe to you. Balanced positions. More premium sold than bought. Fundamental criteria applied to good companies, not momentum/ news headlines/ stock du jour/ triangle squeezies. But rather earnings, P/E, dividends, competitive position — the boring stuff that takes study, thought,….and patience. You have been a great teacher, and I have embarassed myself repeatedly day with how slowly I learn.
And it's a funny thing – if you don't lose, the gains start to pile up. The arithmetic is cruel to the downside, and becomes a gift in the other direction. And I'm in this for the long run, having made myself unemployable through a need for diversification. Moreover, what I've learned here has also elided into other areas, including real estate and ex-U.S. investment. Pretty cool. Have a great weekend.
Zeroxzero
I have followed along with your commentary and alerts and have been flabbergasted at your quick analytical skills and your journalistic skills to explain it clearly. In a little over three weeks I have cleared almost 1000.00 dollars and got an intensive education at the same time. I would like to immediately upgrade my membership.
TokyoLife
Way back did 20 of your suggested short BP Jan 11 26 P @ 4.3 now .85 — sold half. this am —
paid for a years sub AGain!! thank you very much!
Ban2
PHIL: The most important lesson I have learned is how to hedge using SQQQ, SDS and TZA. A big thanks.
IHS4God
Phil- great call in oil this morning! Now that Im no longer studying and am back in the real world I can only check this in the morning, at lunch, and after work. Anyways, you've been killing it on oil ( even more than you usually do) so I made a point to wake up extra early and made .25 off your ‘buy oil if you're brave'recommendation. It's nice to wake up and scalp 100+ bucks before I even start my real job. You lay those golden eggs everyday Phil! I thank you for that!
Jromeha
Once again, many muchos for the SODA trade of last week. Finally out of all three legs. I didn't want to wait for expiration tomorrow and the possible peg at $70.00, following your dictum to not get greedy.
flipspiceland
Phil, I don't know how I can thank you enough for your guidance this past week. I'm up significantly in my portfolio and I've never been so relaxed watching the market panic. Thanks once again for being here for us.
thechaser
I have been around for many years now, was a modest inexperienced investor when I started, and I can honestly say I would not be at the point in my portfolio I am today without the guidance of Phil and JeanLuc and Yodi and all the others I've had the pleased of learning from and, on a few occasions meeting, over the years. Truly been a great experience.
RPeri
Took profit on QQQ 57 Puts, bot 40 at $0.07, sold 20 for $0.15 and 20 for $0.32. Thank, Phil
Bobhu
Phil & Ephmen85: I hadn't thought about selling the covered calls. That should be the easiest strategy for me since I'm a beginner. Thanks a bunch!
JWick1981
Phil,
3 for 3! Sold on initial excitement and made a double on USO, 70% on AMZN and 70% on SPY options from Friday.
Thanks and much appreciated for the suggestions.
Gingbaum
I cannot believe the success I have had in the last 6 months because of what I have learned here! It has been truly life changing. It's like the old adage about teaching someone how to fish instead of just giving them a fish. Thank you Phil, I am forever grateful and hope I have helped someone else along the way.
Craigsa620
Praising PSW for enlightenment is a bit akin to praising the Pope for being holy. I've been reading PSW for about two months now and have learned more about investing technique and the world in general than I've learned from the books and seminars I've paid for. Thanks for the enlightenment, the education, the guidance and the truth, which is not a commodity these days, but a virtue in short supply.
Andy Morris
Phil I have been applying your arsenal (matresses, Edz plays, Ugl verticals etc.) to my gold holdings . So a big thank you for "teaching me how to fish" rather than just giving me the fish...
Magret
You are doing a fantastic job. I think most of us our very well balanced and consequently have learned how to manage through these ever so short declines in the market without panic.
Dclark41
Phil is a master at keeping you laughing, as well as making you money. - It is like " laughing all the way to the bank!"
Gel1
I must add yet another paen to Phil's "cash and short" call, as my TZA shorts are past paying for Similac and Pampers and have now covered all doctors and Mt. Sinai hospital bills for young Charlotte, as TZA took the portfolio up 10%.
Zeroxzero
Hey Phil, Your HOV suggestion about 3 months ago basically paid for my Philstockworld subscription for years to come. My average cost is about $1.
Ether
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
Phil - Rode the /QM down from 99.65 at 7pm and now I'm taking your advice, taking the $$ and going to enjoy a restful night sleep. I don't post often so I want to say thanks for sharing your incredible market acumen with all of us. Your site has a unusually talented group of investors (and some characters) and I enjoy my days trading more because of it.
DaveW
I am struck by several things over the last few days. First is how level-headed we all are as Greece and China develop. Second is how very helpful it is to see the different trading styles we have, partly because of personal preference and partly because of different stages of development and education. It's very helpful. Well-done, Phil, to have developed this community.
Snow
Phil/Everyone here/Thank you - What everyone here with their insightful comments (including yourself) has helped me with is that I'm greatly increasing my ability to trade more psychologically neutral, although I've got a ways to go. Two years ago I'd wake up early and my heart would race if futures weren't pointing exactly how I wanted… I've noticed an exponential leap in my discipline skills especially over this past two weeks. The old me would have ran with that trade for profits without even asking. Now I know that there are ALWAYS more trades and that I have PLENTY of options to turn a bad trade even. Also, it's more logical and less emotionally draining which lets me focus my faculties on my wife, college, my job, and studying for the ol' Series 7. Would it be safe to say that one of the most important skills to develop is the ability to adjust? I'd love to get to the point where I can look at a bracket and know, for example, what I need to sell for cover in what month in order to get my desired results. Both COF and my past DMM venture have been excellent learning experiences. Thanks, everyone. I look forward to further lessons.
Skasiah
Phil, you are the man. My positions in ABX and CLF are up massively this year, and doing very nicely with USO and UNG. TSR is another winner. Just waiting for the TSLA short now!
Rookie IRA Investor
Hey Phil - writing to thank you!
First of all, and I know you have heard this a few times form some others - the portfolio updates you have done - with entries and targets and even margin reqs are invaluable!
I find myself understanding what is done here IN THEORY most of the time..however, there is a much bigger difference in placing and setting up the hedges properly than just understanding…This has been eye opening for me and Ifeel like I just took a major step in trading during the last week.
Bcfla
What a great post today, Phil. A veritable feast of ideas! I've been reading your posts for years and have modeled my whole trading style after yours. You should be taking 2 and 20 off of me at this point ????
This is very good; it's about "firehosing", a type of propaganda, and how it works.
Why obvious lies still make good propaganda
A 2016 report described Russian propaganda as:
• high in volume
• rapid, continuous and repetitive
• having no commitment to objective reality
• lacking consistency
Nike reignited a culture war recently by revealing Colin Kaepernick as their spokesperson for the 30th anniversary “Just Do It” campaign. The sportswear brand’s announcement came via a new advert in which young African Americans, Muslim women, physically impaired athletes and white skateboarders all encourage the viewer to follow their dreams, no matter how crazy.
Nike is clearly taking advantage of hot-button social issues to promote their brand, but commercialising human rights is tricky territory. Can a global brand like Nike really support a cause without coopting it? And is the company prepared to face scrutiny over its own ethical record?
Colin Kaepernick, a former National Football League (NFL) star, knelt during the pre-game national anthem in August 2016, in silent protest at police brutality and in the wake of several high-profile police shootings of unarmed African American men.
Nike’s new campaign ad in Times Square, New York.Alba Vigaray/EPA
Dozens of fellow NFL players, of all backgrounds and heritages, followed suit and the protest soon included players from every team in the league. The backlash was swift and severe, with conservative pundits, veterans and president Donald Trump decrying the protests as disrespectful to the American flag and military.
The latest salvo in the debate was launched by Kaepernick’s narration of the advert, prompting a social media hashtag urging people to “#BurnYourNikes”. Some observers in the US seemed to think that Nike had gone too far, while the company’s share price and brand approval ratings fell, at least, in the short-term.
Nike’s skeletons in the closet
Kaepernick’s role as a Nike brand ambassador may seem like political theatre, intended to antagonise Donald Trump and his supporters. However, the reality is much more…
"If Mueller exposes financial fragility on Trump’s part, it may tip the first domino that then causes the entire Trump empire to collapse." (Photos by Andrew Harrer/Bloomberg via Getty Images; Brendan Smialowski/AFP/Getty Images)
There are three general theories to explain Trump’s behavior toward Russia (and other hard-right broadly autocratic regimes), and for unknown reasons the two most likely ones are almost entirely absent from our electronic media. The three theories, in ascending order of likelihood, are:
The Manchurian Candidate: He’s being blackmailed or has been a Russian asset for years.
The Wannabe Dictator: He believes that countries should be run like companies—essentially autocracies.
The Deadbeat: He’s not only not rich, but he’s badly in debt, and Russian billionaires are among his main creditors.
The Manchurian Candidate theory was largely the one Democrats implied during the election, and most have implicitly embraced since then, along with many commentators on MSNBC and CNN. It’s the least likely, although if it’s true Robert Mueller will probably be letting us all know soon. But there’s little in Trump’s past that would suggest
"You’ve probably heard by now that Cambridge Analytica, which is backed by the borderline-psychotic Mercer family and was formerly chaired by Steve Bannon, had a decisive role in manipulating voters on a one-by-one basis – using their own personal data to push them toward voting for Donald Trump in the last election. They did this with a backdoor data-gathering operation that had been quietly shut down after it had harvested the information from up to 50 million people. Cambridge weaponized this information by turning out highly personalized newsfeed content aimed directly at households in critical voting districts." ~ Joshua Brown
Key players in the latest war on democracy include Cambridge Analytica (CA) (the voter-profiling firm used by Trump's campaign in the 2016 election); SCL Group (British political and defense contractor that owns Cambridge Analytica); Robert Mercer (US hedge-fund billionaire, Republican donor, major investor in CA); Rebekah Mercer (Mercer’s daughter, board member of CA); Stephen Bannon (former executive chairman of Breitbart News, former head of CA, former Trump campaign and White House adviser); the Trump campaign; Facebook ("launchpad for an extraordinary attack on the democratic process"); Christopher Wylie (CA whistleblower); Alexander Nix (CA's CEO who set up the company with an investment from Mercer); Aleksandr Kogan (researcher who set up Global Science Research to carry out CA’s research, beneficiary of Russian government grants); Thisisyourdigitallife (app built by Aleksandr Kogan to collect data from Facebook); and Lukoil (Russian oil giant which alledged interacted with CA employees).
LONDON — As the upstart voter-profiling company Cambridge Analytica prepared to wade into the 2014 American midterm elections, it had a problem.
The firm had secured a $15 million investment from Robert Mercer, the wealthy Republican donor, and wooed his political adviser, Stephen K. Bannon, with the promise of tools that could identify the personalities of American voters and influence their behavior.
David Brin is an astrophysicist, technology consultant, and best-selling author who speaks, writes, and advises on many topics including national defense, creativity, and space exploration. He’s also one of the “World’s Best Futurists.” Find David’s books and latest thoughts on various matters at his website and blog. In Fatal Flaws in our Enlightenment, David further discusses subjects he covered in our interview in October.
I post this heading out the door to speak tonight at the California Democratic Party Convention, in San Diego. And yes, they even invite registered Republicans, when they have important ideas to share. Or at least vital questions. For example….
Is our Great Experiment in danger of coming to an end? Certainly, the world seems filled with forces pushing for Government of the people, by the people, for the people to perish from the Earth.
Ezra Klein summarizes the book: “How Democracies Die,” by Steven Levitsky and Daniel Ziblatt. Klein’s appraisal is cogent and very important reading in its own right. I urge you to find time for it, even if (like me) you lack time for the source material. As you might guess, I agree that Donald Trump is “not the disease” but a symptom, top-to-bottom. Here’s an excerpt:
‘“2017 was the best year for conservatives in the 30 years that I’ve been here,” Senate Majority Leader Mitch McConnell said this week. “The best year on all fronts. And a lot of people were shocked because we didn’t know what we were getting with Donald Trump.”
"‘The best year on all fronts.' Think about that for a moment. If you want to know why congressional Republicans are opening an assault on the FBI in order to protect Trump, it can be found in that comment. This was a year in which Trump undermined the press, fired the director of the FBI, cozied up to Russia, baselessly alleged he was wiretapped, threatened to jail his political opponents, publicly humiliated his attorney general for recusing himself from an investigation, repeatedly claimed massive voter fraud against him, appointed a raft of unqualified and occasionally ridiculous
Our guest David Brin is an astrophysicist, technology consultant, and best-selling author who speaks, writes, and advises on a range of topics including national defense, creativity, and space exploration. He is also a well-known and influential futurist (one of four “World's Best Futurists,” according to The Urban Developer). Here, David shares his ideas about the future, specifically the future of civilization. ~ Ilene
Ilene: David, you base many of your predictions of the future on a theory of historical conflict between two models of civilization -– the diamond and the pyramid. Can we start with a brief explanation of these?
David: In somewhere like 99% of human cultures, the stable attractor state was feudalism or some variant, a pyramidal society with owner lords controlling ignorant masses. This structure was a huge success for the topmost males, who got harems, reinforcing the system… but it was lousy at governance because it inherently suppresses criticism and ferment and creativity from below. Whenever human males get a lot of power, we feel within us a temptation to consolidate that power and re-create that pyramid.
The Enlightenment diamond-shaped society, with a huge, prosperous, socially-mobile, empowered middle class, is by far the most productive and creative system the world has ever seen. In 200 years, we accomplished more than all other societies combined, and not just in physical endeavors. Also in attacking age-old assumptions about race, gender and environmental blindness. Adam Smith showed us how to use competition – open and fair – to create fecund arenas – markets, democracy, science, etc. – that in turn spawn cornucopia.
But the diamond is unstable. The very same wealth that we use to attract creative people to take risks and foster new goods, services, etc. starts to build a new caste of owner-oligarchs, whom Adam Smith knew to be the inherent enemies of the very system that engendered them! Marx was also aware of this basic "contradiction of capitalism." Capitalism's winners are tempted to become cheaters, using wealth to suppress new competition. And cheating kills capitalism, perverting it and giving it a bad name.
Ilene: Lately, it seems like there are a lot of winners who are also cheaters… are we going backwards?
News today has been relentlessly terrible. A horrific mass murder happened last night in Las Vegas. (Our politician's abject failure to address gun control is beyond sickening.) And today, reports that Tom Petty died of a heart attack, followed by reports that Tom Petty is not dead, and now reports confirming that Tom Petty has passed away.
Tom Petty, a songwriter who melded California rock with a deep, stubborn Southern heritage, died on Monday after suffering cardiac arrest. He was 66 and had lived in Los Angeles.
Tony Dimitriades, Mr. Petty’s longtime manager, confirmed the death.
Recording with the Heartbreakers, the band he formed in the mid-1970s, and on his own, Mr. Petty wrote pithy, hardheaded songs that gave a contemporary clarity to 1960s roots. His voice was grainy and unpretty, with a Florida drawl that he proudly displayed.
Mr. Petty’s songs were staples of FM rock radio through decades, and with hits like “Refugee,” “Don’t Come Around Here No More,” “Free Fallin’” and “Into the Great Wide Open,” Mr. Petty sold millions of albums and headlined arenas and festivals well into 2017. He played the Super Bowl halftime show in 2008 and entered the Rock & Roll Hall of Fame in 2002. But his songs stayed down-to-earth, with sturdy guitar riffs carrying lyrics that spoke for underdogs and ornery outcasts. In his 1989 hit, “I Won’t Back Down,” he sang, “You can stand me up at the gates of hell / But I won’t back down.” More >
The news ricocheted around the web immediately: CBS News was reporting that Tom Petty was dead.
It kicked off widespread reaction and remembrances on Monday, with star singers like John Mayer, Shania Twain and Jon Bon Jovi all paying tribute to Mr. Petty on Twitter.
It soon emerged, however, that the news was premature.
When CBS reported Mr. Petty’s death on Twitter, preceded by a capitalized banner “JUST IN,” the network attributed the news to the Los Angeles Police Department. In an article published online, there was no mention of the L.A.P.D., merely the phrase “CBS News has confirmed.” (CBS later deleted the tweet.) More >
Does Ubiquiti Networks (NASDAQ:UBNT) actually have real products that sell to consumers? Of course! So did Valeant and WorldCom, but that does not stop its financials from having every indication of being completely fraudulent.
Citron will detail a series of alarming red flags and detail how Ubiquiti Networks is deceiving the investing public.
The latest target for infamous "activist" short seller Andrew Left and Citron Research is Ubiquiti (UBNT). After placing their short bets, the strategy involves launching torpedoes with intent to sink the stock, by publishing accusations of fraud or abuse. There is nothing illegal in these activities, as long as what Left and Citron publish is not fraudulent.
Before analyzing Citron's allegations of fraud, we will first exert some quick and dirty due diligence. An examination of Ubiquiti's debt service and short term liquidity situation should reveal whether they are in immediate danger.
Debt Service?
Below, UBNT debt to equity ratio is 43%, only a concern if earnings to interest payments ratios are not acceptable.
From the financials: Cash 604M; Current Liabilities 96M; Long Term Debt: 242M; Retained Earnings: 601M.
It appears that should adverse conditions arise, UBNT can readily meet expenses and debt (short and long term) with liquid assets.
Scratching the surface with the quick and dirty analysis above, with regard to debt service and liquidity, or can you pay the bills and debt, even if the note is called, there doesn't seem to be much to worry about here.
Taking It In The Shorts?
In the markets, some investors make it or take it, in the longs and or shorts. Below, Citron contends that the existing UBNT customer base does not "constitute a core competitive advantage". We address this further below.
Interview with Jan Dash, PhD, by Ilene Carrie, Editor at Phil’s Stock World
Updated in the wake of Hurricanes Harvey and Irma on September 13 , 2017.
Jan Dash is a physicist, an expert at quantitative finance and risk management, and a consultant at Bloomberg LP. In his thought-provoking book, Quantitative Finance and Risk Management, A Physicist's Approach, he devotes a chapter to climate change and its long-term systemic risk. Jan’s Climate Portal provides extensive background and references. In this interview, Jan discusses climate change and how inaction is threatening our future. (Click here for pdf version.)
Ilene: Hi Jan. Thank you for taking the time to share your ideas on global warming. . . I’m looking at a graph, along with the current atmospheric CO2 level that you and Yan Zhang modeled for the Bloomberg Carbon Clock, which shows just how sharply CO2 levels have increased mostly in only the last 50 years relative to the last 12 thousand years. And I can see that CO2 levels are currently about 400 ppm – and that at 450 ppm, the text says we will reach a “danger zone.” What happens when CO2 levels reach 450 ppm? Why is that level considered the "danger zone?"
Jan: If we can limit CO 2 to 450 ppm, it is likely that we can limit the average global temperature increase to around 2 degrees Centigrade or 3.6 degrees Fahrenheit above pre-industrial levels. This is the goal of the Paris Agreement, designed to leave a livable planet to our descendants.
Ilene: Do you think we will be successful?
Jan: With present policies, it does not look like we will achieve that goal. Action must be increased urgently to avoid increasingly severe climate impacts on our grandchildren and their descendants. Solving the climate problem is prerequisite to any long-term solution to the many serious issues facing humanity today. Climate change is actually the outstanding moral, ethical, and survival issue of our time.
We are in a “ danger zone” now. Today’s CO 2 level of around 400
IL&FS Investment Managers, a unit of India’s Infrastructure Leasing & Financial Services (IL&FS) - an Indian infrastructure development and finance company and one of the nation's largest "shadow banks" - which announced three debt defaults on Friday, said on Saturday morning its Managing Director Ramesh Bawa had resigned as managing director and chief executive officer as a management exodus begins. The company's independent directors - Renu Challu, Surinder Singh Kohli, Shubh...
If Venezuela or Argentina conducted business in bitcoin then their savings and wealth would be a lot better off. Yes Bitcoin and Litecoin have been volatile over the last few years, but nothing like Bolivar (Venezuela) or the Peso (Argentina).
You say they could use the US dollar, yes maybe so, but those who use the US dollar have to the yield to the US Federal Reserve where as bitcoin is decentralized and those who use it yield to no one.
In the next 12 to 18 months the lightning network and atomic swaps logic will forge Bitcoin and Litecoin together as the go to crypto decentralized currency. Of course massive risk, so the investor should be warned you can lose all your funds.
The following is the unofficial transcript of a FIRST ON CNBC interview with Blackstone President Jon Gray on CNBC’s “Power Lunch” (M-F 1PM – 3PM) today, Friday, September 21st. The following is a link to video of the interview on CNBC.com:
Blackstone president Jon Gray says company is open to, but still studying whether it should become a C-c...
This is very good; it's about "firehosing", a type of propaganda, and how it works.
Why obvious lies still make good propaganda
A 2016 report described Russian propaganda as:
• high in volume
• rapid, continuous and repetitive
• having no commitment to objective reality
• lacking consistency
Doc Copper over the past few months has been hit hard, as sellers drove it down nearly 25%.
This decline brought it to the price point (2), where four different support lines came into play, which looks like a support cluster. As the decline was taking place, momentum was hitting oversold levels.
Joe Friday Just The Facts Ma’am– This week Doc Copper is experiencing its strongest rally this year, as it breaks above steep falling resistance.
Cantor Fitzgerald has high hopes for patients with rare and orphan diseases.
“We believe that biotech has entered a golden age of innovation and productivity across many therapeutic areas,” the firm said in a Friday note. Cantor expanded its portfolio with seven new neuro-innovator and platform-enabled therapeutics companies.
Reminder: Pharmboy is available to chat with Members, comments are found below each post.
Gene-editing technique CRISPR identifies dangerous breast cancer mutations
Breast cancer type 1 (BRCA1) is a human tumor suppressor gene, found in all humans. Its protein, also called by the synonym BRCA1, is responsible for repairing DNA. ibreakstock/Shutterstock.com
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...
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
...
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.
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...
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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Ilene: David, you base many of your predictions of the future on a theory of historical conflict between two models of civilization -– the diamond and the pyramid. Can we start with a brief explanation of these?
Ilene: Lately, it seems like there are a lot of winners who are also cheaters… are we going backwards?
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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...
Ilene is editor and affiliate program
coordinator for PSW. She manages the site
