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| | It's Time to Get Creative | | |
I have something very urgent to share, and it's about a drop-dead simple trading trick that I just uncovered.
We're in survival mode. And now more than ever, many Americans are learning how to stretch their last few dollars...
And it's forcing people to get extremely creative.
That's why I love this brand-new, two-click income strategy.
It's a way for the average Joe to get a shot at earning $1,980, $3,750 or even $4,946 every seven days — regardless of recent layoffs or pay cuts.
And today you can learn how to build up this source of reliable weekly income.
Don't let these difficult times get the best of you!
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Lance Ippolito, Editor - Future of Wealth
Lance is a professional trader and a successful entrepreneur with over 10 years of experience in the financial markets. | | |
| | The Robinhood Stock You Should Avoid at All Cost
Traders, as I'm sure you're aware, we've entered a new world in which novice traders are gaming the stock market. New investors have flooded trading platforms like Robinhood, betting on stock picks without commission fees. Robinhood memberships increased by more than 30% in the first quarter of this year alone.
Some compare this new style of trading to gambling, where people take on risky investments in the hopes of short-term, home-run returns. Those same traders are now taking it a step further by betting on the options market.
The veracity and volume of the order flow stemming from these trades could be mistaken for a single large institutional trade. But this is not "smart" money. These are tactical plays developed to move the needle in certain companies to make a quick profit.
Watch today's interview I had with Midas Letter Head Trader James West to find out what to look out for in this new options market so you don't get caught up or misled by this peculiar option flow. | | | | Watch it here |
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 | The Worst Stock to Buy in 2020 October 22, 2020
I'm not even going to go into the CEO's announcement on The Wall Street Journal to push forward in making ingredients for generic drugs, with or without a $765 million government loan deal (to each their own I suppose).
On Monday, the Kodak CEO Jim Continenza tweeted he'd be live on The Wall Street Journal's Tech Live to discuss the future of Kodak.
After the CEO's tweet, the stock rallied about 50 cents higher on that news alone.
This goes to show you exactly what kind of market we're in nowadays — all a public company has to do to get their stock to trade higher is tweet out when their next public appearance is.
But I just can't seem to buy into what Kodak's trying to sell me: All I'm seeing is junk and the possibility that the company could have given insiders and it's board members "spring-loaded" options before the $765 million U.S. pharmaceutical deal with the company was even announced.
The company's slogan may be "You Press the Button, We Do the Rest," but I don't think I'll be pressing this stock's button anytime soon.
And now Kodak is following a similar path that we witnessed with Hertz Global Holdings Inc (NYSE: HTZ) during its downfall…
| |  | The Robinhood Stock You Should Avoid at All Cost October 23, 2020 Traders, I've decided to start a new segment where I cover the dirty dogs of Robinhood that you need to stay the heck away from. And today I'm seeing major warning signals from Draftkings Inc (Nasdaq: DKNG).
Now to be fair, even I joined the bandwagon of this fantasy sports betting operator. If you've been a member of my Sweet Spots Stocks program since the beginning, then you know this stock was also our very first trade.
Recently the stock went from under $20 to all the way up to trading at $35 per share — and this is where I got out. (Though it ended up climbing to $64. In both sports and trading, hindsight is 20/20.) But after the run-up, DraftKings fell back down to $50 a share, and that's when we saw all the Robinhood traders start piling into the trade.
As soon as the pile-on began, everyone started getting their butts handed to them. Days later, the stock went down even further — selling at less than $43 a share — and there is no more bullish view in sight.
CEOs and insiders are dumping shares, and I think I know exactly why: Sports have become boring and somewhat trivial, especially when we can't even leave our houses to watch our favorite games live.
And if things keep playing out like they are currently with this stock, then I think we may have another Nikola Corporation (Nasdaq: NKLA) on our hands…
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