BTW Phil, I wanted to relate a conversation I had with my business partner yesterday. I told him that I have been much more relaxed about my investments ever since I joined your site. It's funny how a 15-20% cushion does to your nerves. My returns have increased dramatically and my risk diminished. Many thanks for the guidance and patience. Good thing I am doing better financially as you might have increased my life expectancy as well!
StJeanluc
Speaking of the "Man Who Planted Trees", it really works. I bought BTU back in March at $49.87. I practically bought it at the tippy top. However, I soon afterward found this site, started learning Phil's methodology(and those in the strategy section) and began selling calls/puts regularly against my bad position. As of yesterday, I still own the original 100 shares, but have brought my basis down by over $11.00. Couldn't be happier, what started out as a really bad entry, I have managed to work down to a good basis. Had I not watched that video and learned your system, I would sold out of the position, and been kicking myself for making such a bad entry.
Hoss
A truly great website with a lot of information for investors. Whether you are a novice, seasoned, or a professional there is a lot to be gained about stock options and options trading from this very informative website.
ZKatkin
Phil – I wanted to tell you how much of a privilege it is to learn from your every day. You are a shining beacon in the life of so many investors. You have assembled probably the best group of people in the history of financial blogging and you, yourself have done more to help investors in the last 6 months than all previous financial advisors combined.
StJeanLuc
Sold the BG puts I got yesterday at $1.30 for $2 just now. Might be a little early, but I'm happy with that gain. Thanks Phil.
Smasher
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
Thanks for the oil tip Phil: Bot & sold the USO May 29 calls for net $125. Not bad for few minutes work.
JWick1981
Thanks, Phil. I really appreciate your sentiment and commitment! Just want to thank you for what you do for all of us.
JBaker
PSW – Price/Value; The value of PSW on a regular basis exceeds by far the price of the annual subscription. The edition of February 26 'Which Way Wednesday – Popping or Topping?', – priceless for the serious investor.
Winston
Phil: well, often you say, just for FUN, great comment, TXS, closed 2 SKF positions, one with 10 % , the other with 6 % gain,
RMM
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
Phil, I just wanted to say thanks for being there. The world needs more of you. Your site continues to positively change my life daily.
Chasw
I remember that call (to sell gold at $1,850) as well... and the many Buy-Writes that were created on your site during that period... thanks to you, I had an average ROI of close to 70% for over 2 years, averaging 4,000 trades per year. Busy trading, but lots of fun and memorable trades.
1234gel
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 ????
Jablams
Nice call on the QQQ puts this morning Phil. I bought 10 at .13 this morning for fun day trade. Just closed at .95. Sweet hedge for the day!
RevTodd64
TBT - Many thanks, Phil. I join you in your opinion favoring the Jan expirations. That's a great play. I can never thank you enough for what I have gained educationally as well as monitarily. Here it is late Sunday evening and I am able to get world class advice, just by asking for it. I feel like I am staying in a 5 star hotel, and room service is just a telephone call away!
Gel1
Phil, thank you for all the education here. I've gained so much knowledge being a part of PSW. Thanks to the rest of the members as well! I appreciate all of the contributions you make.
JeffDoc
I like the retirement picks too. The futures trading is certainly more sexy, but the boring retirement picks are the ones that consistently make me money.
jjennings
That was a quick double on the DIA calls. trailing stop in place.
Kwan
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, I have to hand it to you. It seemed that you were the only person on the planet that thought stocks falling was still possible. I am glad I listened. About the end of the year I was really beginning to second guess though. Thanks for suggesting taking some profits last Nov. It no longer looks like I missed much.
rj_jarboe
Phil: I am always able to figure out your trades, including the rational when put in the right context of previous comments, etc. Keep doing what you're doing. It is much appreciated, and invaluable. Your hit rate of successful trades has been very high in my 1.5 months as a member, but even more importantly is your teaching of how to repair and DD positions that haven't gone your way yet. As with most members, we all have our ‘pet' trading interests, and learning how to think about trading is much more important than a specific trade, which could see the conditions behind it change an hour later. This is the classic case, of ‘Teach us to Fish', rather than just giving us a fish once in a while. Thank you!
Neverworkagain
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
I subscribed to Phils Stock World full service for a year or so and found that it was extremely helpful. Now I just get the Stock World Weekly summary, which I find invaluable. Phil does not baby people and certainly can't make someone into a successful stock operator who does not make the effort on their own behalf, but he is extremely generous with his time in answering newbie questions. Although I found it difficult to follow and implement all his trades in real time, what I did find was that once you got the hang of his methodology and way of thinking, you could work out your own trades and be quite successful. Even just using his patent Rule Number One* alone is worth its weight in gold. Rule Number Two is even better.
Rookie IRA Investor
I am a Registered Nurse, so is my wife. We work hard to take care of seven kids that are the joy of our lives. The cost for a basic membership is ALOT from our our monthly budget of spending and saving…but well worth it! Phil has allowed me to really ramp up the savings we put away for our children's college funds and our retirement.
David
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
Dear Phil, 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. It is hard for me to follow all evening as I am in Tokyo but I can join you at the beginning of the market and read the next day.
Tokyolife
Phil - I followed your great pick re F and sold short the 1011 2.50 puts (200 contracts) and paid for the next 10 years of membership fees…. Thanks!
Gel1
Man, what a week: Bought C at 1.40, sold half at 1.59 (relatively big position), another quarter at 3.04 just now. Ran SKF down from 270 with one April put, still holding some 115's expiring in a couple days. I'm going to gamble this position like a champion Friday. Bought FAS at all sorts of levels and started cashing out. Long HOV, stock and some nickel calls for fun - Mocha up your buy-out from 5 to 8 and that's 10,900% return for the May-2.50's . Ha!
Biodieselchris
Phil: That NFLX call was awesome. The speed at which NFLX options decayed was precipitous. The blow out spike that allowed me to double and roll my callers to 190(!) and the ridiculous 170 weeklies @3.50 a day away from Op-Ex. The gains I realized in that trade floored me when I took a long at my portfolio value on Friday. What a great way to start the 3rd Quarter.
Kinkistyle
by ilene - March 8th, 2010 6:24 pm
Courtesy of Vince Veneziani at Clusterstock/Business Insider
Morgan Stanley just released a research report that painstakingly details the current state of our global economy.
Inside the 88-page report is a section called "Charts You Can’t Miss." It’s broken down in the following order of countries: Global economy, Europe, Asia (excluding Japan), and Japan. These charts focus on the underlying issues that truly affect our economy.
Credit spreads are at their highest levels ever post-Lehman and Germany’s industrial production is falling. Clearly there’s cause for concern.
If you’ve ever wanted a quick, comprehensive breakdown of the global marketplace, here’s your chance.
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by ilene - March 3rd, 2010 9:55 pm
More evidence that the public is not drinking the proverbial Kool Aid. See also my recent article, Volume – Hiding in Plain Sight. - Ilene
Courtesy of John Carney and Gregory White at Clusterstock/Business Insider
Charles Schwab has released their latest survey of independent investment advisors and it points towards an across the board increased conservatism on the part of most clients.
While hedge funds and investment banks might have made a killing on distressed and risky asset classes, the retail investor isn’t chasing those particular rabbits.
In fact, the report make a good case for continuation of the "new normal," with retail investors focused on savings over spending, security over risk, debt reduction over accumulation.
Of course, you never can tell whether the retail sector is an indicator of things to come or a contrary indicator pointing in the wrong direction.
Image: Charles Schwab
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by ilene - February 24th, 2010 10:59 am
Courtesy of Gus Lubin at Clusterstock/Business Insider
Greece’s finance minister George Papaconstantinou said last week that Greece is in a "terrible mess" but his government has the backing of the public to push through its package of austerity measures.
Wrong.
The first round of strikes were mostly peaceful: marches and rallies of the young and old.
But today the strikes turned violent.
Transportation unions are taking part, which means no one’s getting in or out of Greece.
See Also:
Now Over Half Of Greece Has Stopped Working In A Bid to Save The Economy From Market Forces
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by ilene - February 11th, 2010 12:41 pm
Courtesy of Gregory White at Clusterstock/The Business Insider
Source: Morgan Stanley
The EU Presidency has announced a deal to save Greece, but there’s no deal yet — just a statement.
This is following the TARP path still — lots of talk, little action, and deep political opposition.
So, who are the parties that are just praying for a deal to come through?
We’ve gone through the research to figure out the banking systems, insurance companies, and countries that will get slammed if it all falls through.
See also:
Bone Up On The 9 Possible Scenarios For A Greek Bailout (TBI)
Investors Place The Biggest Short Bet In The History Of The Euro (TBI)
Bailout? Greece Don’t Need No Stinking Bailout! (Phil)
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by ilene - February 10th, 2010 5:06 pm
Courtesy of Gus Lubin at Clusterstock/The Business Insider
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Don’t expect Greeks to swallow their medicine willingly.
Civil servants in the massive default risk country launched a 24-hour strike today to protest government cutbacks. Mob chants included "We won’t pay for their crisis!" and "Not one euro to be sacrificed to the bankers!" according to the New York Times.
Strikes are a beloved tradition in many European countries, but they do make financial reform hard. Recently, Iceland refused payment on a financial crisis debt for fear of angering the population.
Air traffic controllers, customs and tax officials, hospital doctors and schoolteachers are involved in Greece’s strike. Needless to say, that means basically no economic progress in Greece today.
See Also:
Here’s The REAL Reason Germany Is So Hesitant About Bailing Out Greece
Roubini: The Greece Bailout Isn’t Enough, Ultimately Europe Is So Screwed That It Will Need The IMF
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by ilene - February 8th, 2010 11:39 am
Courtesy of Joe Weisenthal at Clusterstock/The Business Insider
What are banks doing with the billions upon billions of dollars they’ve taken from the taxpayer?
The St. Louis Fed has just updated its latest data on bank health and activity, and the charts paint a great picture of what’s really going on in our banking system.
The bottom line: lending is still tanking (unless you count lending to the government)
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by ilene - February 5th, 2010 4:51 pm
Courtesy of Vincent Fernando at The Business Insider/Clusterstock
Some might say that Toyota’s current crisis is a result of enormously bad luck, and they might be partly right.
Yet Toyota’s problems also appear to have been the result of a series of tiny flops, over and over, ranging from quality control to public relations disasters.
For example, it shouldn’t have taken until today for its CEO to address its safety matters in public
99% of your hard work is meaningless when 1% of the time you’re a complete joke.
We’ve put together a quick guide to the amazingly unfortunate serious of events that put Toyota into its current situation.
See Also:
Ray LaHood: WHOOPS, What I Really Meant To Say Is That You Should Get Your Toyota Fixed
Here’s How Safety Problems Savaged Toyota Shareholders
Apple Founder Woz: My Toyota Prius Accelerates To 97 MPH On Its Own, Scares The Hell Out Of Me
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by ilene - January 28th, 2010 2:35 pm
Courtesy of Clusterstock’s Lawrence Delevingne 
Davos is a crowded place this week.
Luminaries and assorted hangers-on are all jostling for attention at the World Economic Forum’s annual meeting. There are some 224 sessions over five days for opining on the future of the world, not to mention countless interview opportunities from hoards of reporters.
In short, there’s plenty said, most of it a huge snooze.
Here are the only 10 important things that have been said so far, including:
See Also:
Soros: ‘The Ultimate Asset Bubble Is Gold’
Saudi Oil CEO Comes Out Swinging In Davos: ‘We Don’t Believe In Peak Oil’
Davos Goers Still Having Way More Fun Than You
Image: WEF/Monika Flueckiger
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by ilene - January 22nd, 2010 1:27 pm
Courtesy of Gregory White and John Carney at Clusterstock
Many financial shares tanked yesterday after President Barack Obama proposed rules that would limit the types of trading banks can do with their money.
Tightening the rules on risk-taking and trading will likely hurt profits at some banks. But the pain won’t be spread evenly across the financial sector.
Some banks, especially smaller regional banks that haven’t gone in for the prop trading and hedge fund investing that forms the core of some Wall Street banks, probably won’t be touched by this
Obama also said he would crack down on bank consolidation and seek to limit the size of banks.
All eyes immediately turned to big financial institutions like Bank of America, Citigroup Inc. and JPMorgan Chase & Co. are structured. Each of their stocks dropped more than 4 percent.
But what about Morgan Stanley and Goldman Sachs? Can they abandon their prop trading? Can they avoid the regulations?
We delved into the regulations to see who we think will come out ahead and who will take a beating.
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by ilene - January 15th, 2010 11:39 am
Courtesy of Vince Veneziani at The Business Insider/Clusterstock
This morning’s JPMorgan (JPM) earnings report helped to reinforce the conventional wisdom that the worst is over and that the banking system is wobbly but on the mend.
But what if that’s not so.
A recent report from Deutsche Bank’s Bill Prophet, entitled "Alternative Universe," foretells a story of approaching disaster and even goes so far as to say "the health of the US commercial banking system will inevitably get worse before it gets better. And this has undeniable consequences for the rates market, if not Fed policy."
The reason? Bank balance sheets have hardly shrunk at all. This applies to both commercial and residential real estate.
Says Prophet on RMBS:
Nevertheless, we find it inconceivable that these assets are being marked anywhere close to their recoverable value, and the reality is that commercial bank exposure to them is as large now as it was 12 months ago. And in fact when we look at the entire $2tr portfolio of residential real estate assets on bank balance sheets (which would of course include the home-equity loans shown above), we reach a similar conclusion. Namely, as of the end of Q3-’09, the value of “home mortgage” assets has declined by just 1.6% from the end of ‘08 (see Chart 7). Similar to CRE, these assets could be worth hundreds of billions of dollars less than where they are currently being marked.
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July 31st, 2021 11:30 pm
Courtesy of ZeroHedge View original post here.
There are 86 large wildfires that have burned 1,498,205 acres in 12 US states and emit large quantities of carbon dioxide, carbon monoxide, and dangerous particulate matter into the atmosphere this summer that could affect wine weed and Christmas.
The West Coast fire season is off to a fiery start, and an abundance of smoke can destroy precious vineyards and damage the fruit.
University of California Davis researchers say California's wine cou...
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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