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News Fix: WeWork Isn’t the Only One Cleaning Up Its IPO Mess

September 28, 2019 admin Comments Off on News Fix: WeWork Isn’t the Only One Cleaning Up Its IPO Mess

Earlier this week, the Fix actually said out loud, “Bitcoin has been pretty boring lately.” One day later, bitcoin fell 15% and traded below $8,000 for the first time since June. Oops.
In the Fix’s defense, bitcoin had spent most of the month trading between $10,000 and $11,000. And volatility had reached its lowest point since April.
After the crash, our Adam Sharp wrote a terrific piece for our First Stage Investor members explaining why the price of bitcoin fell – and what you should do about it.
Bitcoin’s fall wasn’t the only big news story this week. In fact, this was the …read more […]

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The Most Impressive Man I’ve Ever Met

September 27, 2019 admin Comments Off on The Most Impressive Man I’ve Ever Met

My grandfather was born in 1904. He died 29 years ago, and he was my hero.
His life was the quintessential American Dream. The son of immigrants, he was very poor as a child.
He started working when he was 6 years old, selling newspapers on the corner (although the age always got younger every time he told the story). He went to high school, college and grad school at night so he could help support his family during the day.
My grandmother would tell us how he would come home from night school exhausted, eat a bowl of cornflakes for a late …read more […]

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How AbbVie Could Make You 50 Times Your Investment

September 27, 2019 admin Comments Off on How AbbVie Could Make You 50 Times Your Investment

In yesterday’s Trade of the Day, I wrote to you about the AbbVie (NSYE: ABBV) trade in The War Room. I recommended members enter a Long-Term Equity Anticipation Securities (LEAPS) option trade that expires in 2021.
It was supposed to be a longer-term hold… but the market was very kind to us. I put out a sell alert for AbbVie yesterday, presenting nice overnight gains of up to 20%!
But it gets even better than that…
If you recall, my original plan was to recommend a spread trade. That’s when you buy or own one position and sell an option against that position. …read more […]