How low can oil go?

Nov 25, 2014   //   by Profitly   //   Market, Profitly  //  No Comments

crude

There has been no shortage of oil headlines recently, and for good reason. Prices have dropped to their lowest levels in 4 years, and commuters are seeing a noticeable different when filling up their cars at the gas station. We don’t focus on macro trends at Profit.ly, but that doesn’t mean we don’t look at them at all. When something as big as this happens, you have to pay attention.

Consider this, the average price of a gallon of gasoline is now about $2.90, the lowest since 2010, according to AAA. That’s down 78 cents from 2014’s $3.69 peak. With Americans spending roughly $1 billion a day on gasoline, several analysts and industry experts estimate that consumers will save roughly $8.4 billion in November and December, compared with the last two months of 2013, based on an average price for regular gasoline of about $2.89 a gallon as opposed to $3.23 last November and $3.26 last December. Just in time for the holiday shopping season. Retail sales were released last week and came in better than expected, increasing .3 percent vs analyst estimates of .2 precent. Walmart, which released third-quarter results Thursday, took note of the lower gas prices and credited them for a 0.5 percent gain in same-store sales. Analysts took note of the nation’s largest retailer’s results; that was their first quarterly sales gain since 2012. Some experts are predating gas prices could go as low as $2.79 by mid-December, again just in time for last minute holiday shopping. A survey released Friday by the National Association of Convenience Stores found 51 percent of men and 56 percent of those aged 18 to 34 say they are more likely to increase holiday spending.

The lower gas prices are also helping the average mood of consumers. Other data showed an improving jobs market and lower gasoline prices lifted consumer spirits in early November. The Thomson Reuters/University of Michigan sentiment index rose to 89.4, its highest level since July 2007.

The impact is especially significant for low- and middle-income Americans, who have been largely left behind by the slow economic recovery that began in 2009. Even as the job market has improved, most workers have received only modest wage increases. Median income remains roughly 5 percent below the peak it hit in 2007.

Take a look at this quote from a New York Times  story: “When oil prices fall, the benefit to consumers outweighs the loss to producers,” said Dean Maki, chief United States economist at Barclays. “Investment in oil and gas production is still less than 1 percent of gross domestic product. Consumer spending is 68.5 percent of G.D.P.”

Also from the Times is this: The typical American household buys 1,200 gallons annually, so if prices fall to the level Mr. Kloza predicts and stay there, that adds up to a yearly savings per household of at least $400. A 15 percent drop in the cost of home heating oil since last winter should also be helpful, especially as cold weather arrives in the Northeast. Barclays says this extra cash in wallets could help generate nearly half a percentage point in added economic growth in the fourth quarter, and roughly $70 billion more in consumer spending over the next year.

Analysts are all anxiously awaiting the next meeting out of OPEC, set for November 27. Many had believed the oil cartel would cut production much earlier, and this is their next chance to do so. That also lands on the Thanksgiving day holiday, so the thinly traded market could make for some wild swings, and that’s a big reason for even penny stock traders to watch it.

Other reasons that you should all be paying attention to this? The basic knowledge of staying up to date with what is going on in the economy and the rest of the world will help you in your trading. You get a sense of consumer’s moods, what events might trigger a big selloff, if there is more or less likelihood of earnings winners, and much more. Just because you aren’t trading Apple or Walmart doesn’t mean you can just ignore all of the big headlines.

It sounds like you’ll be paying attention to oil for awhile too. Listen to this: “We think lower gas prices in the U.S. are going to last for at least a year,” said Edward L. Morse, global head of commodities research at Citigroup told the New York Times. “Even if growth turns around globally, it would take two years of added demand around the world to move prices per barrel back to the mid-90s.”

Keep an eye on this story, it’s going to impact a lot of stocks in the weeks to come.

Weekly Roundup November 10-14

Nov 23, 2014   //   by Profitly   //   Profitly  //  No Comments

Time for another weekly roundup! We’re approaching Thanksgiving, and remember that is a shortened trading week. There won’t be any trading in the stock market on Thursday the 27th and then it is a shortened session on the 28th.

First up we have Tim Sykes.

$2,458 profit on YOD; Short Stock by Timothy Sykes.

Entry comments: Shorting since despite buyout rumors, it’s sideways and just went red on the day and volume is fading fast, if/once it takes out 2.75-2.80 it could drop 20-40 cents/share which is my goal, tons of shares everywhere, be careful though since quasi-promoter Chardan still trying to prop this up as if it were Weekend At Bernie’s. Exit comments: Didn’t get absolute panic like I wanted, but still a good win overall, shorting a quasi-pump that has broken multi-day support…it probly goes lower, but I hate this penny game, I wanted big panic, no dice, so small gain.

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$3,796 profit on VGGL; Long Stock by Timothy Sykes.

Entry comments: Buying on its latest push, trying to break to new highs, goal is to make 20-40 cents/share, it’s been holding its gains well all day. Exit comments: Had to exit one of my positions, trying to manage them all on this plane with spotty wifi is no bueno, nice earnings breakout, RESN still holding and VOIL coming down nicely.

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$2,779 profit on RESN; Long Stock by Timothy Sykes.

Entry comments: Bought on the back of this Seeking Alpha article http://tim.ly/1v4kGZg small company working with massive Skyworks on revolutionary technology, admitted in a PR today from parent company, technology pretty much done, goal is to make 50-75 cents/share, nice holding near the highs, discovered just by looking through big % gainers, I’m on a plane right now too! Exit comments: Sold remaining short-term position, didn’t have legs the way I thought it did…sorry again it spiked 40-50 cents/share from my buy alert before I could even type out entire 1st buy alert, screwed up whole trade, but glad I warned people not to chase…thats the risk with low float stocks, tons of resistance up to 7, then bam, slight breakout and it hits an air pocket all the way to 7.50…I have to stick to more liquid names, but this has exciting story so I hold small longterm position still.

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$1,542 loss on VGGL; Long Stock by Timothy Sykes.

Entry comments: Buying some into big late day dip, goal is to sell into bounce/ideally morning spike tomorrow for 30-50 cents/share. Exit comments: It hit 3.70 premarket today, but now trending in the wrong direction, even though it’s an earnings winner, its a shady stock with a nasty longterm downtrending chart, I play this EXTRA safe, just like my selling far too soon yesterday and remember its never held its spikes on the 2nd day, I just thought it could retest the high 3s before fading…it still might, but after yesterday’s big runup SAFETY FIRST. This is how you grow an account, bigger wins than losses like my 2 trades on VGGL.

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Then we have Superman.

$27,500 profit on BDR; Long Stock by Super Trades.

Entry comments: SWING – DO NOT CHASE as may pull back before earnings ….. they reported Nov 14 last year…..did .06 last Q and hit 1.89 and said rest of year "We believe that as other recent product releases take hold we should be able to sustain the gains enjoyed in the second quarter for the remainder of the year." personal stop loss around $1 area band personal target $1.50 plus if moves into earnings or beats. Exit comments: may very well go higher and will watch chart but taking $25-$30k for being correct #SUPER.

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$4,657 profit on PLOW; Long Stock by Super Trades.

Entry comments: TRADE / CHART – sells plows and had big earnings beat and raise for strong winter– polar vortex play..personal stop loss 4ema and personal target 23 plus if it works Exit comments: avg sale price…. SUPER WINNER !!!!! may go higher will watch chart.

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$3,692 profit on LITB; Long Stock by Super Trades.

Entry comments: TRADE / SWING news with BIDU personal stop loss low 7’s and personal target 8 plus if works Exit comments: may go higher but wanted to see more momentum quicker with this news…will keep on watch…..have to protect profits in this tape.

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$3,490 loss on LITB; Long Stock by Super Trades.

Entry comments: TRADE/SWING – back in on the IBD article AH saying $BIDU taking on $BABA with this….personal stop loss mid 7’s and personal target 9-10 plus if it gets more momentum….originally entered 7.35. http://news.investors.com/111014-725755-baidu-deal-with-lightinthebox-to-take-on-alibaba.htm?ven=yahoocp&src=aurlled&ven=yahoo. Exit comments: stopped out – had chance for profit or b/e ..may still work not for me anymore.

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Don’t forget to check out previous roundups here:

September 2-September 5

September 8-September 12

September 15-September 19

September 22-September 26

September 29-October 3

October 6-October 10

October 13-October 17

October 20-October 24

October 27-October 31

November 3-Novermber 7

Invest in your education, why trading DVDs are important

Nov 19, 2014   //   by Profitly   //   Profitly  //  Comments Off

We preach about trading education all the time here at Profit.ly. That’s not just because we are an educational site either. There is a reason people trade better when they get DVDs and invest in their education. Would you try to fly a plane without learning how to first? Of course not. People shouldn’t try to trade without learning before either. You are ultimately going to mess up and could possibly lose your whole account. It’s just not worth taking that risk, especially when trading volatile stocks like penny stocks. The money you spend on DVDs or subscription letters will look like pennies when you start making better trades and earn it all back.

Tandem Trader

Tandem Trader

One of the best DVDs we’ve ever had came from Investors Live, and he just launched another one called Tandem Trader. We love transparency here at profit.ly, so here are some of the reviews from his last DVD. Check out all 143 of them here.

Review 1:

I would recommend that InvestorsLive price this DVD smart. The goal shouldn’t be about making money off DVDs especially when you are a successful trader. If you price the item smart, you can sell more DVDs than you expect. You just have to think like infomercials. They make more money selling at a lower price then at a higher price. Other gurus have struggled to sell their DVDs for a number of years because they are not priced right.

Positives: The DVD is professionally produced. I like the music and special effects. I like how he is serious at times and then makes a few funny jokes with the mountain man. Also, most of the details of his trading technique are revealed with a lot of examples. Support is also excellent. If you don’t understand anything, InvestorsLive goes out of his way to help. He is not like other gurus that yell at you and tells you to pay them more for support. He also has webinars giving IU members an opportunity to ask questions.

Negatives: Some of the charts were hard to see (color issues) or too small to read. That needs to be improved. Some of the fine details of how he enters or exits a trade are missing. What exact time frame he’s using, Level 2 analysis etc… More Level 2 analysis is needed too. A couple examples of live trades would have been nice rather than snapshots of past events.

The DVD is excellent and I highly recommend it but realize his trading technique is mostly like an art form (discretionary trading) rather then a precise technical system (system trading).

4.5 to 5 stars. Just needs some minor fine tuning and needs to be priced right.

Review 2:

A must have for anyone looking to get into day trading

After reading many books on the subject, looking to break in to day trading this came recommended by a good friend who had become rapidly successful at trading. This made so many things clear to me that I had questions about.

Nate give the best descriptions on even the simple concepts like supply and demand that I have ever heard or read. He has nice, simple setups that he explains in depth. He gives you everything you will need to be successful, either on your own or if you decide to use his chat service…..which I also recommend highly. I have seen first hand my friend and others become very successful with the help of this DVD and I am well on my way myself. I am now on my 3rd or 4th time through and still picking things up. Its just that good. I felt like before I was in elementary school with my trading education and after viewing this I felt like I had moved right through college.

Review 3:

Just get it. If you are serious & want to expand your trading knowledge, this DVD is the BEST investment for your education. 8 hours, full of charts, patterns, examples, advice, you name it. There is not a DVD out there topping this one.

Not gonna go full depth, listen to everybody, this DVD helped me start trading for myself instead of following others. JUST GET IT.

Review 4:

Best Trading DVD Hands Down

Not only does this DVD provide every aspect of how to be profitable, but Nate does a great job of teaching and explaining everything he is going over, both verbally & visually. He will teach you his pre-market routine and what you should be doing pre-trade, during the trade and post trade. He explains the entire process all the way down to who to follow on Twitter & how to build a watchlist. It doesn’t matter what your level of experience is, everybody can learn something from this DVD. The one thing I was reluctant about was the price, try and catch it on a sale around holidays.

Review 5:

Must read for newbies and veterans both

The layout of the dvd is great and has a logical flow to it .

The dvd does not assume that you have any prior knowledge of trading and treats the subject upto a decent depth. Plenty of examples to explain each critical step . That makes it a must have for newbies and veterans both. If you get one trade right you could make back all the money that you paid for the dvd in one trade.

Must have if you are a beginner and looking for a no fat training guide.

Weekly Roundup November 3-7

Nov 12, 2014   //   by Profitly   //   Profitly, Profitly Weekly  //  Comments Off

The last week of October may have been slow, but our gurus are quickly making up for it in November.

Let’s start out with Tim.

$1,852 profit on IDN; Long Stock by Timothy Sykes.

Entry comments: Bought this earnings winner on big dip, conference call said nothing, lots of longterm people disappointed, but #s were good as was the initial spike this morning over 5, goal is to make 30-50 cents/share since I’m buying on such a big dip. Exit comments: Got a decent bounce but nothing much more, now wall of sellers at 4.45ish…profit ENTIRELY due to my perfect entry buying an earnings winner into panic, video lesson coming later.

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$1,890 profit on ODP; Long Stock by Timothy Sykes.

Entry comments: Bought this earnings winner on dip, should have support at 6, goal is to sell for 20-40 cents/share gain on the bounce. Exit comments: Nice little bounce now 6.30 so I played it a bit too safe, but not sure if it can go green on the day so I take safe profits…these non-volatile stocks scare me…not a huge trade, but easy $/low risk I’ll take it.

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$2,056 profit on EKSO; Long Stock by Timothy Sykes.

Entry comments: Breaking out of multi-month base on the back of this paid for research report http://tim.ly/1wCmOH4 still competitor RWLK is much higher priced and earnings after the close Tuesday could surprise, I WILL NOT HOLD THROUGH EARNINGS…this is a speculative buy based on chart/pump research, goal is 15-25 cents/share, could happen since it’s a former runner on slow Friday. Exit comments: Got up to 1.74 but I wasn’t prepared, now on the phone doing interview with Inc magazine, tough time trying to trade and live my crazy life, I’ll take $2k profit, potential re-buy later today, volume fading a bit but mainly I can’t concentrate and trade and do an inteview at same time.

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$1,050 loss on PLNR; Long Stock by Timothy Sykes.

Entry comments: Late day breakout on this earnings winner, goal is 20-40 cents/share. Exit comments: No dice, can’t hold green on the day, not a good sign if it was gonna squeeze big into the market close, cut losses quickly.

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Then we have Superman.

$19,700 profit on HKTV; Long Stock by Super Trades.

Entry comments: TRADE / SWING personal stop loss 9.5 area and personal target 10-10.50 plus if it works……go to website to see what they do but Hong Kong online content and mall ( reason why YOD moving) http://www.hktv.com.hk. Exit comments: may go higher but $20,000 overnight SUPER TRADE !!!!!

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$1,610 loss on CALA; Long Stock by Super Trades.

Entry comments: SWING recent IPO priced at 10 was supposed to price 13-15 but bad markets…Cramer compared to AGIO which has been a big IPO..personal stop loss 4ema and personal target 11-15 plus if it works. Exit comments: out about flat will revisit based on chart.

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Don’t forget to check out previous roundups here:

September 2-September 5

September 8-September 12

September 15-September 19

September 22-September 26

September 29-October 3

October 6-October 10

October 13-October 17

October 20-October 24

October 27-October 31

Weekly Roundup October 27-31

Nov 7, 2014   //   by Profitly   //   Profitly, Profitly Weekly  //  Comments Off

Some weeks there are so many trades you can’t even keep track of all the plays. Other weeks, you have to do your best not to force trades and just take the time to study and get ready for the next opportunity. Last week was the latter, as we only have a few trades to recap. The only trades worth looking at are winners though, proving that our gurus have self control and know when to stay out of the market and use patience.

$816 profit on YOD; Short Stock by Timothy Sykes.

Entry comments: Short small amount into this ridiculous run up fueled by newsletters/chat rooms, be careful since its run in the past before but I think I can make a quick 20-30 cents/share.

Exit comments: Gave it sometime, volume fading nicely, but no big drop as Friday afternoons are scary to short buyout rumor stocks…less than 5% chance of actually getting bought out but you never know, gotta trade safe…still a good trade/setup given the extreme spike…notice I shorted the 2nd spike not the 1st, that reduces risk considerably.

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$620 profit on HIVE; Long Stock by Timothy Sykes.

Entry comments: Won nice Apple contract http://tim.ly/10x7z65 small position, speculative, goal is to make 50 cents/share.

Exit comments: Spiking still due to Apple news, but each spike is less and less, initial volume slowing too, I wanted 50 cents/share, only got 30 cents/share, I’ll take it though, potential re-buy when everything calms down later today.

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Check out some of our most recent roundups here:

August 11-August 15

August 18-August 22

August 25-August 29

September 2-September 5

September 8-September 12

September 15-September 19

September 22-September 26

September 29-October 3

October 6-October 10

October 13-October 17

October 20-October 24

Profiting in a Bear Market

Nov 5, 2014   //   by Profitly   //   Market, Profitly  //  Comments Off
Via http://www.neptuneglobal.com

Via http://www.neptuneglobal.com

Give us an S&P500 down more than two percent last week and the Dow Jones once again wiping out all of its gains for the year, and you’re bound to get more people talking about the end of the bull market.

In his post titled, “Signs of a Bull Market Turning Bear,” Barry Ritholtz lays out some startling facts.

• This bull market is now more than 5 1/2 years old;

• The Standard & Poor’s 500 Index hasn’t had a 10 percent pullback since October 2011;

• Small-cap stocks as measured by the Russell 2000 have fallen below their 200-day moving average for the first time since November 2012;

• Almost half of Nasdaq stocks are down 20 percent from their one-year highs, meaning they are already in a bear market;

• U.S. markets are down 3 percent from all-time highs;

Thursday’s sell off was of particular concern. The Dow was down more than 300 points. To say the bulls are worried would be a fair statement. Ten of the past 12 trading sessions saw swings of 100 points or more in the DJIA.

Why the sudden volatility? Ebola, slowing global growth, a strong dollar, the end of quantitative easing, and the beginning of earnings season.

“The list of worries ranges from the strengthening dollar’s harm to U.S. earnings, the end of quantitative easing, Europe’s weakening economy and the International Monetary Fund’s reduced forecast for global growth. I am far less certain that those headlines are anything more than the excuses for the selloff, rather than the cause,” Riholtz says.

So how do you trade stocks from here? For those looking at the general market and not penny stocks, “one of the best ways to identify a market that is exhausted is to look for divergences between Breadth (i.e. the number of advancing equities versus the number of declining ones) and Price (i.e. new highs). That is a concept that Paul Desmond of Lowry Research has researched and written about many times over the years,” Ritholtz says.

He goes on to say that so far, each side in the bull-bear debate has been quick to declare victory. Doug Kass of Seabreeze Partners has been calling this “The Ali Blah Blah Top,” suggesting that the Chinese tech company’s monster initial public offering is a signal that markets have gotten too frothy. He notes that he won’t be initiating any new long positions “unless share prices drop meaningfully.”

He notes that the flip side of the argument comes from bulls such as Holland & Co. Chairman Michael Holland. He suggests that the easy part of the bull market, driven in part by the Federal Reserve, is ending: “The training wheels are coming off, the lack of volatility is ending, the ‘New Normal’ is ending, and the ‘True Normal’ is returning to markets.”

As penny stock traders know the best, things can turn quickly and you need to be ready to act at the drop of a hat. “What looks like a strong bull market on the surface, but with weak internals, can easily slip into a 10 percent correction,” Ritholtz says.

His ends by saying his belief is that 2014 may be a year of consolidation and digestion, as markets in 2013 got way ahead of both the economy and earnings.

Our gurus do pay attention to broader trends, but since they focus on specific stocks, they are able to make a profit in both bull and bear markets.

For instance, in the past 30 days, the DJIA is down about 3%, meaning if you would have invested $100,000 in the Dow one month ago, it would now be worth $97,000. On the other hand, Superman is up a whopping $404,016 in that time frame, Tim is up $60,092, and Investors Live is up $34,905.

It’s easy to tell where the money is to be made. Sure you have years like 2013 where the S&P500 is up more than 30%, but that is far from the norm. The 10-year average return for an S&P Index fund is just 7%, according to Morningstar.

Weekly Roundup October 20-24

Nov 1, 2014   //   by Profitly   //   Profitly, Profitly Weekly  //  Comments Off

Time for another weekly roundup! Check out some of the biggest trades from our guru’s this past week.

First we have Tim Sykes.

$1,857 profit on IBIO; short stock by Tim Sykes.

Entry comments: Shorted on bounce off of $2/share, goal is just to make 15-30 cent/share retrace

Exit comments: Got down to 2.22, but I wasn’t prepared, didn’t have my covers all in, panic happened too fast, good lesson for me, still nearly $2k profit.

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$3,806 profit on IBIO; short stock by Tim Sykes.

Entry comments: Reshorting this Ebola play overnight, risky but I think it gaps down/panics tomorrow

Exit comments: Made a solid $4k+ but was up $8k, tried to give it time for even bigger score, my bad for trying to go for home run, now 50k buyer at 1.95, no thanks could still squeeze like yesterday

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Then we have Superman.

$2,450 profit on STRP; long stock by Super Man.

Entry comments: TRADE off chart pattern from watch list personal stop loss 19.5 area and i WILL sell if it goes against me ..personal target 20.50 plus if it works…..

Exit comments: May very well go higher but PERFECT TEXTBOOK watch list chart educational trade from this morning #super

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$4,230 profit on IGC; long stock by Super Man.

Entry comments: TRADE / SWING weeds starting to come back in favor….old play from last time…personal target 1 plus if it works and personal stop loss .65 area

Exit comments: super trade will look for re-entry

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Check out some of our most recent roundups here:

 

August 11-August 15

August 18-August 22

August 25-August 29

September 2-September 5

September 8-September 12

September 15-September 19

September 22-September 26

September 29-October 3

October 6-October 10

October 13-October 17

Lessons From Ebola Stocks

Oct 29, 2014   //   by Profitly   //   Profitly  //  Comments Off

It’s no secret that it has been a wild week in the markets. The Dow has now erased its gains for the year, oil is in a bear market, and there seems to be a new Ebola headline causing volatile moves every hour.

So how do you play this? Our gurus have been watching Ebola stocks carefully and are sharing their insights with their students in video lessons, chat rooms, and watch lists.

The first Ebola related stock is Lakeland Industries (LAKE), a maker of hazmat suits, which are used by people treating those with Ebola as protection. The stock has soared more than 200% this month due to growing Ebola fears.

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Also note that trading volumes are through the roof! Upwards of 47 million shares exchanged hands Thursday. The average daily volume for the stock over the past three months is just 616,000 shares.

This is a small company (market value of about $100 million), so traders need to act with caution, as our gurus have been preaching. It is also a company that is losing money. In the second quarter, they lost $384,000.

So what are each of our gurus saying and how are they playing companies like LAKE?

Let’s start with Investors Live. In one of his video lessons this past week, he went over LAKE intensively. “This is a very wild stock and it’s important to stay safe in this market,” he told his students. “You have to know at what point the prior move no longer matters, and if you’re shorting pops, make sure you’re covering dips,” he added. Nate went on to say that you shouldn’t build on a position in a stock like this is it moving against you. “You WILL get smoked the way that this thing was moving.”

Another Ebola stock is Tekmira (TKMR), a drug maker. With this stock, Nate said he would alsys take his profits rather than wait it out and try to time it perfectly. “When that stock goes from $25 to $23 in a matter of seconds, I’m taking it I don’t care. As much as I complain about missing out, you can never take away those profits from me. I’d rather take the instant profit and gratification.”

Tim has also been following these stocks carefully. In one of his video lessons he reiterated what Nate was saying in that you need to be extremely careful. “I trade very cautiously, but some of my students bet big and they have to be careful especially now. Shorting stocks like LAKE, you have to be careful and pull back a little bit. This is sometimes tough for traders to do because they want to get rich quickly and in less volatile markets that sometimes works,” he said. “You don’t know how high stocks like LAKE could go, it could go to $100, it’s not likely, but you never know where the top is with hysterias and viruses…Keep in the back of your mind that this could get really really scary.”

Tim made a trade on LAKE and lost, teaching his students a valuable lesson. “I was warning people not to short this thing like crazy. I was short but got out quickly (to limit losses).”

Here are the details of the trade:

$4,195 loss on LAKE. Short Stock by Timothy Sykes

Entry comments: Fading, looks to be going red, goal is to make 50 cents – $1/share as panic sets in. Exit comments: Terrible trade, thought it’d go red, fell into classic trap of anticipating in order to give better alert, I need to have patience, these will all pop eventually, but luring in amateur shorts like this is just pathetic.

And here is a note from one of his watch lists:

Same thing with LAKE when I shorted in the $14s today…very speculative, very small position,  but when it didn’t breakdown I got out fast and made a lousy 10 cents/share…better than being down $5/share had I simply held all day…again I was wrong, but as I said in yesterday’s watch list “potential shorts, but be very very careful since this is spreading and you can’t predict breaking news of more cases or not”

Then we have Superman, who made money trading LAKE but also exercised caution. Here is a note from one of his watch lists.

$LAKE Pattern Was Perfect Watch List Winner Yesterday !!!bysuper_trades

$$$ DAILY THOUGHTS $$$ $LAKE was big winner off watch list yesterday on the 2-3 day rest pattern….…Market is very choppy right now…any new longs need a strong reason……watching for dip buys on strong stocks…… Maximize gains with the winners and minimize losses with trades that do not work….!!! There are three types of trades I do…learn them and the rules to them !! if you are new to this service read all the required reading material first and welcome !!! ……………FOLLOW RULES NOT PEOPLE !!! …..when I do not follow rules I lose $$……………

And here is his trade in LAKE and OBCI (yet another Ebola related stock).

$2,000 profit on TKMR. Long Stock by Super_trades.

Entry comments: Speculative TRADE on news personal stop loss low 25’s and personal target 27-30 plus if it works and gaps on news…..small position so not much at stake for me BAD EXAMPLE chasing but small position for me. Exit comments: not seeing gap yet will take small profit and watch for re-entry.

$7,573 loss on OBCI. Long Stock by Super_trades.

Entry comments: small position TRADE as chasing a bit (bad example) personal stop loss 4’s and personal target 5-6 plus if works …mention that their disinfectant can be used for Ebola Exit comments: stopped out for loss.

So the main lesson on these volatile trades? BE CAREFUL! As Investors Live also said in a video lesson, “Just one trade can wipe you out.”

Worst Trades of All Time: Part 3

Oct 24, 2014   //   by Profitly   //   Profitly  //  Comments Off

Last but certainly not least, here are four final additions to the infamous “worst trades of all time” series, courtesy of Business Insider.

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Andy Fastow: Enron’s CFO Cooks The Books, Funnels Money, And Cheats His Way To Riches

Most of you will know the story of Enron, a company that went bankrupt in 2001 and was accused of accounting fraud. The downfall of Enron will forever be known as one of the greatest crimes (and tricks) in modern finance. As Enron’s Chief Financial Officer, Fastow was responsible for unloading balance sheet debt into special investment vehicles, including the famous JLM and Raptor vehicles. He also set up off shore entities, directed traders on how they should make money, and lied to investors all in the name of Enron.

When the government went after Enron, he was able to cop a plea agreement that required him to serve a maximum 10-year prison sentence and forfeit $23.8 million in assets. He got six years and is awaiting release in 2011. His losses? Billions of dollars, wiping out shareholders completely, and costing thousands their jobs.

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Peter Young: 80,000 investors get cheated

Young was a fund manager at Deutsche Morgan Grenfell (DMG) and had access to quite a bit of capital. He was known for making big, speculative bets in European markets. He set up shell companies so that he could circumvent financial regulation and place big bets on specific companies. After these bets, regulators came looking for answers and trading was shut down temporarily. Parent company Deutsche Bank was forced to offer DMG a $300 million cash infusion, only to have $400 million withdrawn from its funds in the ensuing weeks.

DMG was forced to pay a $1 million fine and investors profits were cut short after the bank announced to 80,000 investors that money was lost due to trading irregularities. Together, the three European funds Young managed were worth a combined $2.5 billion.

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Bernard Madoff: The greatest Ponzi scheme of all time

You definitely know this story by now, so let’s just give a brief review:

He’s the former head of NASDAQ starts up Madoff Securities in mid-1980s.

For years he showed investors great returns, told them to keep their money in the fund.

Turned out he didn’t have anywhere near as much money in the fund as he claimed he did, bilked investors out of billions when it was discovered he was running a Ponzi scheme.

Goes to jail for the rest of his life, assets and cash divested to claimants in case.

New York Post has a field day with its headlines. “Bye Bye Bernie”

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David Lee: An explosive natural gas play

Lee, a natural gas trader for Bank of Montreal, ended up losing his bank $237 million due to his trading in natgas derivatives. He originally lost up to $853 million using a scheme to disguise his losses – a recurring theme in our presentation.

According to Reuters, it went down like this:

“Lee overvalued the positions on BMO’s books by regularly recording inflated values that were then purportedly validated by Optionable Inc,” the SEC suit said.

It said the three Optionable traders “schemed with Lee to have Optionable simply rubber-stamp whatever inflated values Lee recorded.”

Weekly Roundup October 13-17

Oct 22, 2014   //   by Profitly   //   Profitly, Profitly Weekly  //  Comments Off

This was one of the most volatile weeks in recent memory for the stock market, leading our gurus to have plenty of opportunities for big profits!

We’ll start with Tim:

$5,008 profit on MEDL; Long Stock by Timothy Sykes.

Entry comments: Rebuying this pick on a big 50% dip since my last buy, CEO letter today teases new announcement with Facebook http://tim.ly/1rGbzYb anything to do with a new Facebook video platform could be HUGE for this tiny $8 million company, not much risk given this tease should inspire buyers all the way up to the announcement, goal is to sell for 30-50-70% gins, depending on how this news plays out. Exit comments: Sold into this spike caused by news of their mobile development firm getting acquired so now they’re a part of a much bigger company and can focus purely on their mobile video social network…I like that, but this newly bearish market and this company’s inability to announce their Facebook deal for far too many months means I have to reduce risk here, will ONLY re-buy once we get confirmed Facebook news and/or better news about their mobile video network.

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$3,464 profit on LAKE; Short Stock by Timothy Sykes.

Entry comments: Looks to be blow off top day, goal is to make $1-2/share. Exit comments: Wow that was quick and easy, amazing how fast these collapse when they’re ready to go, MANY brokers have shares to short today.

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$5,231 profit on APT; Short Stock by Timothy Sykes.

Entry comments: Shorting some overnight, goal is to cover in the 7s before the market close, afterhours or tomorrow. Exit comments: Ha best trade of the day for me and I’m so pissed I missed $2/share on APT from before…but can’t think about missed opportunities, now up $10k+ today getting better.

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$3,450 profit on APT; Short Stock by Timothy Sykes.

Entry comments: Got a crack in the short squeeze, should be first sign this spike will fail, goal is to make 30-50 cents/share once it takes out day low. Exit comments: Got a crack of the day low to 8.30 but not much more than that, will revisit the short later this afternoon, probly still too early, could still squeeze.

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$3,185 loss on IBIO; Short Stock by Timothy Sykes.

Entry comments: Up a ton in 2 days, shorted due to just now breaking Seeking Alpha expose http://tim.ly/1z4c5bj not the Ebola play, goal is to make 20-40 cents/share. Exit comments: Covered remainder, not cracking big, minimized loss, but got too excited, GREAT video lesson coming.

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$6,540 loss on SIMH; Short Stock by Timothy Sykes.

Entry comments: New Ebola play is up from 2 cents/share, in a few days goal is to make 15-30% drop this week, keeping position small, will add to short on spikes probly but scary price action. Exit comments: Went big, going against me, can’t risk bigger spike, rule #1.

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Next is Superman:

$49,249 profit on VSR; Long Stock by Super Trades.

Entry comments: TRADE/SWING new page on website devoted to ebola products and more than suits – http://www.versarpps.com/about/news/prepare-protect-prevent-against-ebola-virus personal stop loss low 4’s and personal target 5-10 plus if it catches on like LAKE. Exit comments: SUPER TRADE will revisit if more ebola news.

 

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$14,250 profit on AHPI; Long Stock by Super Trades.

Entry comments: TRADE / SWING respiratory products.. u of MN said he alt workers need respiratory masks if so this may be go to ///personal stop low 2’s and personal target 3-5 plus IF it gets picked up. Exit comments: SUPER TRADE will revisit if more ebola news.

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$2,200 loss on NVAX; Long Stock by Super Trades.

Entry comments: TRADE – vaccine maker WILL SELL IF GOES AGAINST ME 5.35-5.50 plus personal target if works. Exit comments: no gap – ebola stocks seem like so yesterday as of right now haha.

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Check out some of our most recent roundups here:

June 30-July 3

July 7-July 11

July 14-July18

August 4-August 8

August 11-August 15

August 18-August 22

August 25-August 29

September 2-September 5

September 8-September 12

September 15-September 19

September 22-September 26

September 29-October 3

October 6-October 10

 

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