Knowing the rules of about IPOs and when to buy into one are all well and good. As I discussed last week, there are warning signs for when to get into and when to avoid that “hot” IPO that your broker is pitching you. But, there’s more. There’s a dirty little trick that Wall Street […]
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If you’re already wealthy and looking for prestige, you buy the best house in the best neighborhood. This is a great strategy of getting attention but a poor one for building wealth. You rarely end up getting a bargain. In fact, you often end up paying through the nose. Why? It isn’t rocket science. Everybody […]
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Welcome to another Thanksgiving week, markets obviously closed on Thursday, but the retail sector waits as usual for results on ‘Black Friday’. Will they be in the black? And what about the overall market? Will it ever go down, or is it destined to defy gravity…?
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Jim: Hi Adam and thanks for joining us. What’s your view on the short and longer term direction for the market now? Adam: To be clear, we are still bullish on the market. In the short term, the market is extended and simply pausing to digest its recent and robust rally. The intermediate and long […]
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We never forget our first real job. For me it was the First National Bank of Boston, the second oldest in the country founded in 1784. Hired by the Asia-Pacific group, I first went through a six-month executive training program that was really a crash course on corporate banking basics. Drilled by crusty veterans on […]
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Here is a list of eight mistakes that most of us do as we work our way through the learning process it takes to be a successful stock trader. Avoid these and you will be well on your way. 1. Fail to Limit Losses I have not yet met someone who is always right in the […]
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Note from Midas Legacy editor: This is a timeless piece from Banker X- please be sure to read this carefully and file this valuable insider insight away…! As the market moves higher you’re going to see many more Initial Public Offerings (IPOs). After all, it’s a lot easier for companies to sell stock when people […]
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As another holiday season creeps up on us, I’m sure you’re getting a shopping list ready. But don’t forget to put some stocks on your list because we could just be about to witness a golden opportunity. But the window may be brief, and it could appear this week, maybe next. But if you take […]
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There’s an oil-fired rocket ship sitting on a launchpad in Texas. This isn’t your typical launchpad, however. This one is 250 miles wide and 300 miles long. It’s called the Permian Basin. It’s one of the hottest new oil-producing areas in the state. A few weeks ago, I wrote about the Eagle Ford shale. It’s […]
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Russia is one big country. It is the world’s largest landmass by a vast margin with 6.6 million square miles. Giant companies such as Gazprom and Lukoil dominate the Russian economic landscape. The big bosses in Moscow control these behemoths. And right now, the Kremlin is struggling with political uncertainty, rampant corruption, weak productivity, and […]
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It’s difficult to find explosive opportunities in a market that is testing all time highs, but one of the places to look is the turnaround companies in hot sectors. Biotech has been one of the top performing industry sectors over the past year with the iShares biotech Index fund (IBB) up 43.5%, dramatically outperforming the […]
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The recent Twitter IPO (TWTR) was a huge success, but likely not for you. It was priced at $26 and the closed the day at $45. If you had the chance to buy the shares at the IPO price, you would have made 75% in a day. Chances are slim that you did. If you […]
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First, a word on the overall market. Here’s what I said last week regarding the S+P 500: For months now the S+P has been bouncing in this channel. And look what happened just over a week ago- the S+P broke out of this channel, upwards- a very bullish sign. When a stock or index breaks […]
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A market update from Adam below. What you’re about to read is a briefing from a professional fund manager to his clients… As we have been saying for weeks, the market is very extended and due for a pullback. It appears, that is exactly what is happening as the major averages and a slew of […]
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I’ll never forget my first visit as a teenager to the commodity-trading pit of the Chicago Mercantile Exchange (CME). The swirling bright colored jackets, the shouting and rapid hand signals (looked like arm wrestling to me) were captivating and reminded me of family reunions. It was also the polar opposite of my later visit to […]
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It’s hazardous to assume a stock is good value just because it’s falling and out of favor. Buying too early in this situation usually gives you a sharp lesson in exactly WHY that stock was falling, as you helplessly watch it fall even lower. The amateur at this point assumes that it’s even better value […]
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Remember the Economic Collapse of 2007-2009? The Great Recession is what many refer to it as. More accurately, it was the “Great Bailout” and the effects are still being felt today and will be felt for many more years to come. The Great Bailout was a debacle of monstrous proportions. To date more than $3 […]
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On September 30th in this column I explained that the time had not yet come to buy gold and that the proxy for gold (GLD) would have to reach $137 before the time to bet on gold in a big way had come. Gold has gone nowhere since I wrote that article, in fact, it’s […]
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I hope you had a great Halloween. You’d be forgiven for wondering if the market hadn’t gotten a little spooked lately, or worse, if the market hadn’t begun to actually sell off and die. So where are we at now? Is this market going to trick you or treat you in the coming weeks? Let’s […]
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