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Philip Davis

 
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  • Friday Thoughts: Not Impressed Until We See 1,645 On S&P [View article]
    Sleep is highly overrated.

    As to the per day. ANNUAL subscription is $347.50, which, if we take the velocity of the Earth (66,500 mph) and the distance it travels around the Sun (24.3M miles) and we divide that into units we'll call (for argument's sake) days, then there are about 365 of them and if divide those units into $347.50 we get 0.952 Dollars in each of those "days".

    Or you can keep paying $99 a month but I think the astronomy lessons alone are worth the price of admission!
    Jun 18, 2013. 05:43 PM | 1 Like Like |Link to Comment
  • Friday Thoughts: Not Impressed Until We See 1,645 On S&P [View article]
    Also - didn't you get an Alert this morning at 9:51 with a note to short the oil futures (/CLQ3) at $98.50? Those dropped to $98 and made $500 per contract! Come on - isn't that worth $1?
    Jun 18, 2013. 04:04 PM | Likes Like |Link to Comment
  • Friday Thoughts: Not Impressed Until We See 1,645 On S&P [View article]
    Try the Annual Membership from the link on the top left of this page. We do not go for that misleading marketing!

    Also, if you're reading here, you don't get it first thing (or every day for that matter - no post here from today and the above article is only part of Friday's post) nor can you view the archived comments or the PSW Wiki or our Portfolio Section, Education Section or Strategy Section.

    So don't be such a cheap ass and commit for the year!

    ;)
    Jun 18, 2013. 04:02 PM | Likes Like |Link to Comment
  • Friday Thoughts: Not Impressed Until We See 1,645 On S&P [View article]
    Thanks Ronnie, we appreciate your business! I was just bustin' on you - we certainly don't expect everyone to join but I believe in the product and do think people SHOULD join if they want to improve their trading skills and knowledge.

    The best use of the Report Membership is to do your homework assignment (given to all Members Report Level and up) and read up on a month's worth of posts and comments and, if possible, paper trade some of our ideas so you can get the feel for how these things play out over time.

    Once you get used to it, you can take advantage of posts or Alerts like Friday's Dow play, which made 50% by the close - it's a good way to make that Membership money back pretty quickly!
    Jun 16, 2013. 11:22 PM | Likes Like |Link to Comment
  • Fed Pushes On String As Velocity Of Money Dies [View article]
    Good point Tack and fantastic point Salmo. I love having discussions like this. Obviously, without writing a 50-page thesis no one will actually read, it's incredibly hard to get these fine points across in discussing Fed policies but I love the color added in the commentary by people like you.

    As to "V" being hypothesized rather than measured in any meaningful way, that's dead on but there's still a reality to it as it does indicate a sort of monetary lethargy that is out of the Fed's control and, on the other end, once that tiny part of the equation changes and "V" picks up, it's incredibly hard for the Fed to put that genie back in the bottle.

    That's why our long-term outlook is for some pretty serious inflation however, WHEN is a very big question as Japan has shown us that "V" can be zero for 20 years in a row....
    Jun 16, 2013. 11:16 PM | Likes Like |Link to Comment
  • Friday Thoughts: Not Impressed Until We See 1,645 On S&P [View article]
    No worries, we were just discussing today how we like them for re-entries. Keep an eye on my Twitter feed if the $1 per day Report Membership is too much for you.

    http://tinyurl.com/cvj...

    You won't get the Report Membership's full pre-market access to the morning posts, you won't get the Alerts, you won't be able to read archived comments or view the Education or strategy section but, once in a while - I tweet stuff out for free and you save $1!

    8)
    Jun 14, 2013. 04:11 PM | Likes Like |Link to Comment
  • Whipsaw Wednesday: The Wild Ride Continues [View article]
    Great article.
    Jun 14, 2013. 03:40 PM | Likes Like |Link to Comment
  • Whipsaw Wednesday: The Wild Ride Continues [View article]
    Thanks for pointing that out - such BS!
    Jun 14, 2013. 11:37 AM | Likes Like |Link to Comment
  • Whipsaw Wednesday: The Wild Ride Continues [View article]
    We're DD at .75 on those in our Short-Term Portfolio. From there, the goal is to get 1/2 out at $1 (the average of 2x) and then see how the rest goes (see today's comments).
    Jun 14, 2013. 11:36 AM | Likes Like |Link to Comment
  • Make Or Break Thursday - S&P 1,600 Edition [View article]
    I'm still stunned at the move. Though we took bullish plays at the open, we never expected this. We flipped from Nikkei longs to Dow longs at 15,000 on the futures (/YM) and the damned thing just went up and up and up - MADNESS!

    Sadly, the VIX died and there wasn't enough time for good bottom-fishing and now we're back at the top of the range we were worried about on Wednesday morning. In fact, I just said to our Members I should just reprint Wednesday's post for tomorrow.

    Still, can't see going long over the weekend so any move up is going to be something we short into for weekend hedges.
    Jun 13, 2013. 05:52 PM | Likes Like |Link to Comment
  • Hedging For Disaster - 3 More Option Plays That Make 300% If The Market Falls [View article]
    That's exactly what we teach over at Philstockworld. Even the basic Memberships get access to our books, guides and education section. There are many educational sites out there but I like mine the best!

    8)
    Jun 13, 2013. 03:06 PM | 1 Like Like |Link to Comment
  • Make Or Break Thursday - S&P 1,600 Edition [View article]
    Not if taper means taper. So what if they go from $85Bn/month to $75Bn for two months, then $65Bn in the fall and $55Bn next year - that's still a crap-load of money and, don't forget, the Government isn't borrowing like it used to.

    Of course there will be some disappointment but that's what we like to call a buying opportunity (see my recent levels Tweet).
    Jun 13, 2013. 01:00 PM | 1 Like Like |Link to Comment
  • Make Or Break Thursday - S&P 1,600 Edition [View article]
    LULU put prices shot up so we sold the 2015 $45 puts for $4.20 instead - giving us $5 more leeway to the downside.
    Jun 13, 2013. 09:41 AM | 1 Like Like |Link to Comment
  • Whipsaw Wednesday: The Wild Ride Continues [View article]
    They're doing whatever it takes to keep oil up but we snagged the USO July $34.50 puts ($1.20) to go with our existing SCO spread as there's nothing new going on in the Middle East.
    Jun 12, 2013. 03:46 PM | Likes Like |Link to Comment
  • Whipsaw Wednesday: The Wild Ride Continues [View article]
    That's why we don't like to publish too many trades for the general public. They can get crowded fast...
    Jun 12, 2013. 02:58 PM | Likes Like |Link to Comment
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