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  • Miracle Monday – Putin Wins With 99.7% Of The Vote 10 comments
    Mar 5, 2012 8:27 AM

    99.7% - in Chechnya!

    That's right, the very place where Putin brutally put down civil unrest and the same place where they still launch terrorist attacks on Russian targets apparently LOVES Putin. All of Russia "loves" Putin as the former KGB Boss turned Russian Boss sailed to another Presidential victory. Nationally, Putin scored about 63% of the vote with his worst showing in Moscow, where just 48.7% voted for him but, unlike the US, Russians choose between 5 parties so 48.7% is pretty good while 99.7% is INcredible (as in NOT credible)!

    So it's "meet the new boss, same as the old boss" in Russia this morning and before you think "that can't happen here" - perhaps you should consider how our own propaganda networks covered this election. Here's a video of Fox (of course) showing video of a "violent rally against Putin" complete with fire bombs, riot police, etc.

    Only it isn't Russia - it's Greece. Fox knows their viewers are so gullible, they don't even bother to edit out the Greek letters on the bank in the background because, as any Fox viewer knows - Russian, Greek - all the same nasty unAmerican languages.

    CNN is no better, showing a soccer rally and narrating it as violent protests against Putin (end of same video). The fact that these deceptions aren't considered major news in THIS country let's you know how dangerously close we are to seeing one of our own candidates getting 99.7% of the vote one day as one group of thugs or another consolidates their hold on our Government and our Media.

    So happy Monday to you! It was a pretty boring weekend so not much to report other than the Eurozone PMI fell 2% in February to 49.3 (contracting) while China's Feb Service PMI dropped 9%, into negative territory at 48.4 (contracting). China also lowered their GDP target by 6%, from 8% to 7.5% as Wen Jiabao says "the nation needs to shift to a more sustainable and efficient economic model."

    Hmm, China's Premier says their growth is unsustainable - don't worry folks, move along - nothing to see here…. Unwilling to ignore the situation is Credit Suisse's Dong Tao, who says The commodity super-cycle underpinned by China has drawn to a close as Chinese commodity needs have peaked as the nation transitions to domestic…
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  • Pitbull Trading
    , contributor
    Comments (124) | Send Message
     
    Phil do me a favor. Can you let us know before clicking to your site to 'continue reading' whether or not this is a 'free post' or if I just waste my time doing so. I enjoy your humorous commentary but I don't care for options, and don't have the money at this point in my life to pay hundreds of dollars for that advice. Just frustrating ya know? Go back to allowing us to read your whole article and enticing people to pay for your 'premium' content. Your not turning into one of the rich, money-grubbin, piss on the poor top 1% are you?
    5 Mar 2012, 11:44 AM Reply Like
  • Pitbull Trading
    , contributor
    Comments (124) | Send Message
     
    Phil do me a favor. Can you let us know before clicking to your site to 'continue reading' whether or not this is a 'free post' or if I just waste my time doing so. I enjoy your humorous commentary but I don't care for options, and don't have the money at this point in my life to pay hundreds of dollars for that advice. Just frustrating ya know? Go back to allowing us to read your whole article and enticing people to pay for your 'premium' content. Your not turning into one of the rich, money-grubbin, pi$$ on the poor top 1% are you?
    5 Mar 2012, 11:44 AM Reply Like
  • Philip Davis
    , contributor
    Comments (1336) | Send Message
     
    Author’s reply » Sorry guys but SA's choice, not mine. The claim that my content can't be considered Premium because it is not exclusive to them so it's up to YOU to ask them where this magic place is where people can read these articles.

     

    The problem is, like Television, most people will just click on another channel and forget about the cancelled show and just watch whatever crap the network puts on next. You would think with 55,000 followers of mine on SA, that enough would complain to make a difference but, so far - apparently not.

     

    If the notes under the Instablog say "Immediately Available to the Public" then you will see the whole thing when you click over, otherwise, only if you have at least a report Membership.

     

    SA doesn't think it's worth $10 for 1,000 people to read my stuff but think of the math - if just 1% of those 1,000 people convert to paying members, that's $1,000 a month, much, much more than SA would pay and that's why more and more good writers are realizing that SA does nothing more than suck business away from their sites.

     

    The demand for exclusive content was just the last straw for me but PSW will be working on something, perhaps ad supported (at this moment, unlike most, we do not accept advertising so we can't be influenced by anyone) that will give people free or at least lower-cost content.

     

    Also, I hate to be characterized as just options, here's today's TV spot, where they mention I made STOCK selections on BAC that went up 23% in a month and GLW, which went up 20% in a month and I have a new stock pick - but you have to watch the commercials to get it!

     

    8-)

     

    http://bit.ly/ymfgKE
    5 Mar 2012, 08:55 PM Reply Like
  • labas112
    , contributor
    Comments (304) | Send Message
     
    Love the articles, but I do miss the full versions that you use to post.
    5 Mar 2012, 01:22 PM Reply Like
  • Pitbull Trading
    , contributor
    Comments (124) | Send Message
     
    Thanks for the clarification Phil. I have been a huge fan for a while, and I WILL be a member on your site eventually. Keep fighting the good fight!
    5 Mar 2012, 10:37 PM Reply Like
  • newdif
    , contributor
    Comments (19) | Send Message
     
    Hi Phil, I bought WFR the next morning at $3.60 after I saw your recommendation on BNN. The stock seems hit bottom when I looked the chart as well as other tech indicators even though the major trend is down. My initial stop is $3.48. I am wondering what is the time frame for this investment? Shall I raise my stop? Do you have a targeted price? What is your strategy? Sorry it seems a lot of questions. I have been learning trading and reading your helpful articles. Hopefully I could make enough $$ via trading or investment in future to afford your membership. Thanks for all your excellent work!
    8 Mar 2012, 06:11 AM Reply Like
  • Philip Davis
    , contributor
    Comments (1336) | Send Message
     
    Author’s reply » Thanks! We like WFR as a very long-term investment but we sell options against the stock to generate an income so buying and holding is a different sort of thing for PSW subscribers as we actively turn boring old stocks into steady "dividend" payers.

     

    For example, you can sell the April $4 calls for .20, which is 5% of what you paid back in a month and, even if you are called away at $4+, that's still a 15% month! It also lowers your basis to net $3.40 so imagine what happens if you do that for the next 10 months...

     

    This is what we teach people at PSW, you don't have to sit there like a deer in the headlights and sweat over the daily movement of stocks. We LOVE it when a long-term position of ours gets cheaper, our strategies HOPE they go down 20% after our initial entries or, when the don't - we end up "only" making 15%, like the example above.

     

    As a straight stock player, I generally guard 5% gains very closely with 1% stops but it's hard with a wild little stock like WFR. On the whole, I'll be very surprised (unless the whole market tanks) if we get to the end of April without them hitting $4 again.

     

    Main driver is FSLR going down the tubes (currently dragging WFR down by proxy), eliminating a major competitor and, if the economy does improve and oil stays high - more solar project will be green-lighted.
    8 Mar 2012, 08:00 AM Reply Like
  • newdif
    , contributor
    Comments (19) | Send Message
     
    Phil, thanks for your reply. I sold a quarter of WFR at $3.78 before I went to work this morning (mar-08th). I raised my stop to my original price at $3.6. This stock went up almost 5% this morning. We will see.....

     

    Your option trading strategy sounds good. However, I know nothing about it (sorry if I'm just being too honest). Could you please recommend any good books or reading materials that help me build up a solid foundation for option trading or investing, so I can understand the option strategies of your daily article?? Your articles provide excellent insights of the real financial world.

     

    I love reading and I have been reading books about technical analysis, swing trading & psychology for almost a year. I am getting more familiar with them and going to test these theories soon. Anyways, Phil, thanks again for your help!
    9 Mar 2012, 03:23 AM Reply Like
  • Philip Davis
    , contributor
    Comments (1336) | Send Message
     
    Author’s reply » The best option book is the one right on our site, you can read part of it for free and even our lowest membership level lets you read the whole book AND access our Education Section, which has articles written by myself, Option Sage and many others. We spent many years collecting the best of the best for our Members.
    9 Mar 2012, 06:06 AM Reply Like
  • newdif
    , contributor
    Comments (19) | Send Message
     
    Hi Phil, hope all is well. It’s been quite awhile to reply to you. I did read the option book you recommended. I just sent you a personal email via your website (Phil’s Stock World). I’m a subscriber to your website and my username is Investwizard. Please take a look at my email when you could find the time. Thanks!
    18 Mar 2013, 04:37 AM Reply Like
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