Isn't it amazing? Greece is fixed because the country has capitulated to the bankers and will now be broken up and sold off for scrap. This is, of course, great news for those of you who were lucky enough to read yesterday's morning post, in which we suggested the Greek ETF (GREK) Aug $9/11 bull call spread, which filled at 0.90 ($1.70/0.80) and is already on track for the full $1.10 gain (122%) now that the Greek vote came in as we expected. If you like to hear about trade ideas that can make you over 100% in 30 days – SUBSCRIBE HERE and you'll get these posts delivered daily, pre-market or, with a higher-level Membership, you can even participate in our Live Daily Chat Room. China was so happy about the Greek news that both the Shanghai and the Hang Seng stopped falling for a day and actually bounced 0.5%, which makes the mighty Shanghai look like this chart. See – all fixed – no need to worry so the people sending me hundreds of EMails telling me to stop " bashing " China can now rest easy. Anyway, now it's Bloomberg's turn to bash China, picking up on my post from yesterday with " Markets Aren't Buying China's Rosy GDP Claims " and " Could China be the Next Japan? " We're not bashing China, we're merely calling out the BS as it flies by after being the only ones calling the top back in May and yes, we were a bit early but we call a VALUE top to markets and that doesn't mean they can't become over-valued – it's simply the point at which we switch from being buyers to sellers. We're sellers of Netflix (NFLX) at net $104.43 but so far, so wrong on that one as their earnings last night came in at 0.06 per $100 share, not the 0.04 anticipated and, even though you could argue that there were all sorts of bookkeeping tricks used to pull off that number despite massive outflows of cash and a miss on revenues – the stock shot up $10, which is 500x the 0.02 beat, which is in-line for …
Isn't it amazing?
Greece is fixed because the country has capitulated to the bankers and will now be broken up and sold off for scrap. This is, of course, great news for those of you who were lucky enough to read yesterday's morning post, in which we suggested the Greek ETF (GREK) Aug $9/11 bull call spread, which filled at 0.90 ($1.70/0.80) and is already on track for the full $1.10 gain (122%) now that the Greek vote came in as we expected.
If you like to hear about trade ideas that can make you over 100% in 30 days – SUBSCRIBE HERE and you'll get these posts delivered daily, pre-market or, with a higher-level Membership, you can even participate in our Live Daily Chat Room.
China was so happy about the Greek news that both the Shanghai and the Hang Seng stopped falling for a day and actually bounced 0.5%, which makes the mighty Shanghai look like this chart. See – all fixed – no need to worry so the people sending me hundreds of EMails telling me to stop "bashing" China can now rest easy.
Anyway, now it's Bloomberg's turn to bash China, picking up on my post from yesterday with "Markets Aren't Buying China's Rosy GDP Claims" and "Could China be the Next Japan?" We're not bashing China, we're merely calling out the BS as it flies by after being the only ones calling the top back in May and yes, we were a bit early but we call a VALUE top to markets and that doesn't mean they can't become over-valued – it's simply the point at which we switch from being buyers to sellers.
We're sellers of Netflix (NFLX) at net $104.43 but so far, so wrong on that one as their earnings last night came in at 0.06 per $100 share, not the 0.04 anticipated and, even though you could argue that there were all sorts of bookkeeping tricks used to pull off that number despite massive outflows of cash and a miss on revenues – the stock shot up $10, which is 500x the 0.02 beat, which is in-line for…
