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Philip Davis

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  • Wrong-Way Wednesday: No QE3 For You [View article]
    I am not long USO, DIA and GLD, perhaps I hit the wrong button on SA's question thing but we have not changed our short-term bearish stance (which is sucking for us so far!).

    If today ends at or near the highs - we then may reconsider.
    Mar 14 01:14 PM | 0 Likes Like |Link to Comment
  • Wednesday Worries: Yentervention, Euro Style [View article]
    That's a typo, it's just "Economorons."
    Feb 9 04:06 PM | 0 Likes Like |Link to Comment
  • Wednesday Worries: Yentervention, Euro Style [View article]
    I like PFE long term. They will buy a pipeline with their cash.
    Feb 8 08:00 PM | 0 Likes Like |Link to Comment
  • Wednesday Worries: Yentervention, Euro Style [View article]
    Ten years I can understand, stocks do that in 10 weeks. DMND did it in 10 minutes this evening!
    Feb 8 07:59 PM | 3 Likes Like |Link to Comment
  • Thrilling Thursday: Our One Trade Does Good [View article]
    Other than the dip we expect, I think XLF should settle around $15 after earnings.
    Jan 20 05:06 AM | 0 Likes Like |Link to Comment
  • Thrilling Thursday: Our One Trade Does Good [View article]
    Oh we're still bearish as we think the market is way overbought. The above article is my attempt to build a bullish case because we (Members) have a lot of buying to do next week if the market doesn't drop (or even if it does we may do a little fishing).

    We've been piling on the short side all week as the short bets got "cheap" but now we're as bearish as we want to be and we have to prepare for the possibility that we're wrong and start thinking of where we want to put our sidelined cash to work on the bull side.
    Jan 20 05:05 AM | 0 Likes Like |Link to Comment
  • Thrilling Thursday: Our One Trade Does Good [View article]
    If you can't get a fill, you can substitute buying USO puts, usually I'll pick something with about a 50 delta as you get pretty good bang for your buck. At the close, that would have been the Feb $38 puts at $1.02.
    Jan 20 05:02 AM | 1 Like Like |Link to Comment
  • Thrilling Thursday: Our One Trade Does Good [View article]
    Yes but that's 9,000 people who have $500 a month to spend on a subscription and a lot of our Premium Members are top .01% and many fund managers.

    I'm learning to be more an more careful of what I pick publicly. Also, you can't judge BNN by web visits - they're a broadcast channel.

    Anyway, I don't think I move the markets all the time but, sometimes I do and just as I'll call Cramer out for stampeding his sheeple into something or other, I like to keep my guys aware that sometimes the reason a stock hits out numbers to the penny is because we're the ones that entered and exits at those levels.

    In a market this thinly traded, you need to be aware of the affect your marginal buying and selling can have - even on major stocks.
    Jan 20 04:57 AM | 0 Likes Like |Link to Comment
  • Testy Tuesday: How Many Times Will You Fall For The Same Thing? [View article]
    I read it Aspiring - good rant. It's not hijacking a thread to me as I don't live here - I just let them print my articles once in a while.

    You seem like a well balanced guy so how about we give you a 3-month trial Membership and you can report to SA Members whether or not it's worth it?

    I think you'll have fun reading our real stuff.

    - Phil
    Jan 18 07:32 AM | 5 Likes Like |Link to Comment
  • Testy Tuesday: How Many Times Will You Fall For The Same Thing? [View article]
    By the way, we're up doing one of our 3am shorting sessions - going very well at the moment!
    Jan 18 03:33 AM | 0 Likes Like |Link to Comment
  • Testy Tuesday: How Many Times Will You Fall For The Same Thing? [View article]
    Gosh, I would think someone calling themselves Jonathan Swift would realize the irony of comparing bottled water, with it's 1,000% mark-up to oil, which is the second most abundant liquid on earth.

    Have you seen the Natural Gas market? That's the true measure of demand because there's not fake Iran crisis, no Nigerian rebels disrupting supplies and no OPEC to curtail production - just the law of supply and demand in action. If you don't trust nat gas, there's Coal (KOL) which is off 25% from last year or copper (a demand metal), also down 20% from last year (and that's after a 15% recovery since December).

    Also, there's what I wrote in the main article but please, I'm not here to convince you - we need counter-parties!
    Jan 18 03:29 AM | 2 Likes Like |Link to Comment
  • Testy Tuesday: How Many Times Will You Fall For The Same Thing? [View article]
    Check out last year's "Secret Santa's Inflation Hedges" - that's how we stay ahead of inflation. http://bit.ly/dWDOQY

    So no, I'm not a perma-bear - I just don't like to be bullish when there's no evidence to support the position other than "the Economy is so bad the Fed is sure to save us."
    Jan 17 09:53 PM | 4 Likes Like |Link to Comment
  • Testy Tuesday: How Many Times Will You Fall For The Same Thing? [View article]
    Very good article Scott, thanks!
    Jan 17 09:50 PM | 1 Like Like |Link to Comment
  • Testy Tuesday: How Many Times Will You Fall For The Same Thing? [View article]
    You are right Joe, I did not say Bush was an idiot - I believe history will say that for me... 8)
    Jan 17 09:50 PM | 8 Likes Like |Link to Comment
  • Testy Tuesday: How Many Times Will You Fall For The Same Thing? [View article]
    And there is nothing that pleases me more than Bush fans who don't listen to me as we always need counterparties and who better to take money away from than someone who would waste it looking for WMDs anyway?
    Jan 17 09:49 PM | 11 Likes Like |Link to Comment
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