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ADRs: Invest Offshore Without Leaving Home
It was April 1927. Calvin Coolidge was president, and noteworthy events that die-hard historians or baseball fans may recall include the Italian anarchists Saccho and Vanzetti receiving their death sentences and Babe Ruth hitting the first of his 60 home runs, - a single-season record at the time. For investors, a third event in April 1927 has proved equally important and far more profitable: the debut of American depositary receipts (ADRs). (Read What Are Depositary Receipts? for background reading on this common type of security.)
An ADR represents ownership of shares in a foreign company, but it can be bought and sold just like any U.S. stock, allowing investors to diversify their portfolios with foreign assets, but skip the hassle of a foreign brokerage account. Sound intriguing? Find out how these securities work and what they can add to your portfolio.
History of the ADR and Current Stats
John Piermont Morgan (yes, that J.P. Morgan), launched the first ADR for the U.K.s Selfridges Provincial Stores Limited, the famous retailer now known as Selfridges Plc. Even the audacious J.P. Morgan probably had no idea of the trend he was touching off. As of mid-2008, there were more than 2,250 depositary programs representing more than 1,800 companies from over 70 countries listed on global stock exchanges. According to the Bank of New York Mellon, in the first half of 2008, 52 billion shares of ADRs changed hands, representing a value of $2.07 trillion.
Benefits of ADR Investing
Some benefits of ADR investing are clear. First, many international markets, especially emerging markets, have higher GDP growth rates than the United States or Europe. While the American stocks in your portfolio may be stagnating, holding a few ADRs has the potential to provide you with solid returns during downturns in domestic markets. Your broker and the financial media are always advocating diversification; ADRs represent a great avenue to diversify yourportfolio. (Read Going International to learn about this and other ways to diversify your portfolio with foreign stocks.)
Another benefit investors can realize through ADR investing is favorable currency conversions for dividends and other cash distributions. For example, if you own shares of a European ADR and the euro is strong against the dollar, a dividend increase will be that much more rewarding because the dividend payment has to be converted to dollars. (Read more in The Impact Of Currency Conversions.)
The most obvious benefit of ADRs is that they make international companies that investors would normally have to pay a premium for (or perhaps be unable to buy at all) more accessible. If you want to buy 100 shares of Petrobras, the Brazilian oil giant, all you need to do is call your broker or log onto your online brokerage account. Theres no need to find a distant relative living in Brazil to execute the trade for you.
Perils and Pitfalls
As buyers of ADRs, we treat them as we would any other securities purchase: we want to profit. However, there are issues that can arise with ADRs that arent always germane to domestic stocks. Lets use a 2008 geopolitical conflict to highlight a potential peril. Say you own some shares of a Russian oil ADR, and neighboring country Georgias military is able to knock out a couple hundred miles of pipeline. As far-flung as it seems, this scenario could come to bear, especially in a developing nation. The same goes for political unrest. Its probably best to identify dictators and not invest in companies based in nations that are ruled by these leaders, as these countries are more prone to political strife. (Due diligence is key to not getting burned by an unfamiliar investment. Read Due Diligence In 10 Easy Steps to learn what to look for.)
Of course your ADR investments are subject to some of the same risks as your domestic investments, including credit, currency and inflation risk. These should be taken into account, regardless of the state of the market. There are some markets, such as Australia and Canada, where the local currencies are tied directly to commodity prices. If gold or oil is going up, this contributes to a rise in those currencies. Of course, when those commodities fall, the currencies fall in tandem. This is just one more factor an investor needs to take into account. (Read Investing Beyond Your Borders for more risks associated with investing overseas.)
There are levels of ADRs on U.S. markets. For example, a Level I ADR trades over the counter and as such, is highly speculative. Those shares probably arent liquid and, whats worse, information on the company is scant. Keep in mind that many countries dont require their public companies to report results quarterly like the U.S. does. For better or worse, Level I issues are the fastest-growing segment of the ADR market, according to the Bank of New York Mellon.
Thinking of buying that Chinese solar company that trades 20,000 shares a day at $1.50? Its probably best to wait for it to graduate to the Nasdaq or NYSE. Level II and III ADRs are where investors want to be. These are the ADRs that trade on major U.S. exchanges and must uphold the same general reporting rules and SEC regulations as American-based corporations. (IFRS are poised to change some aspects of international reporting. Read International Reporting Standards Gain Global Recognition to learn more.)
Tax Treatment of ADRs
Tax treatment of ADRs by the IRS is generally the same as for domestic investments. Investors are subject to the same capital gains and dividend taxes at the same rates. There is a little twist, however: many countries will withhold taxes on dividends paid. While the American investor must still pay U.S. income tax on the net dividend, the amount of the foreign tax may be claimed by the investor as a deduction against income or claimed against U.S. income tax. Investors are encouraged to consult a professional tax or investment advisor to make sure they are recording (and paying taxes on) their ADR investments properly. (Read more about capital gains and dividend taxation in Dividend Facts You May Not Know.)
Conclusion
Investors should look beyond the confines of the U.S. borders in an effort to diversify and maximize returns. Many investors ignore the foreign-equity asset class entirely, and this is not beneficial to their portfolios. ADRs are one way to diversify your portfolio and help you achieve better returns when the U.S. market is in a slump.
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How To Double Your Money Every 6 Years
Double your money, fast! Do those words sound like the tagline of a get-rich-quick scam? If you want to analyze offers like these or establish investment goals for your portfolio, theres a quick-and-dirty method that will show you how long it will really take you to double your money. Its called the rule of 72, and it can be applied to any type of investment. (For more ideas on how you can double your money, check out 5 Ways To Double Your Investment.)
TUTORIAL: Investing 101
How the Rule Works
To use the rule of 72, divide the number 72 by an investments expected annual return. The result is the number of years it will take, roughly, to double your money. For example, if the expected annual return of about 2.35% (the current rate on Ally Banks 5-year high-yield CD) and you have $1,000 to invest, it will take 72/2.35 = 30.64 years for you to accumulate $2,000.
Depressing, right? CDs are great for safety and liquidity, but lets look at a more uplifting example: stocks. Its impossible to actually know in advance what will happen to stock prices. We know that past performance does not guarantee future returns. But by examining historical data, we can make an educated guess. According to Standard and Poors, the average annualized return of the S
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5 Essential Things You Need To Know About Every Stock You Buy
Investing is easy but investing successfully is tough. Statistics show that the majority of retail investors, those who arent investment professionals, lose money every year. There could be a variety of reasons why, but there is one that every investor with a career outside of the investment market understands: they dont have time to research a large amount of stocks and they dont have a research team to help with that monumental task. (For related reading, check out The 4 Basic Elements Of Stock Value.)
For that reason, investments made after little research often result in losses. Thats the bad news. The good news is that, although the ideal way to purchase a stock is after a large amount of research, an investor can cut down on the amount of research by looking at these select items:
What They Do
Jim Cramer, in his book Real Money, advises investors to never purchase a stock unless they have an exhaustive knowledge of how they make money. What do they manufacture? What kind of service do they offer? In what countries do they operate? What is their flagship product and how is it selling? Are they known as the leader in their field? Think of this as a first date. You probably wouldnt go on date with somebody if you had no idea who they were. If you do, youre asking for trouble.
This information is very easy to find. Using the search engine of your choice, go to their company website and read about them. Then, as Cramer advises, go to a family member and educate them on your potential investment. If you can answer all of their questions, you know enough.
Price/Earnings Ratio
Imagine for a moment you were in the market for somebody who could help you with your investments. You interview two people. One person has a long history of making people a lot of money. Your friends have seen a big return from this person and you cant find any reason why you shouldnt hand this guy your investment dollars. He tells you that for every dollar he makes for you, hes going to keep 40 cents leaving you with 60 cents.
The other guy is just getting started in the business. He has very little experience and, although he seems promising, he doesnt have much of a track record of success. The advantage to this guy is that hes cheaper. He only wants to keep 20 cents for every dollar he makes you - but what if he doesnt make you as many dollars as the first guy?
If you understand this example, you understand the P/E or price/earnings ratio. If you notice that a company has a P/E of 20, this means that investors are willing to pay $20 for every $1 per earnings. That might seem expensive but not if the company is growing fast.
The P/E can be found by comparing the current market price to the cumulative earnings of the last 4 quarters. Compare this number to other companies similar to the one youre researching. If your company has a higher P/E than other similar companies, there had better be a reason. If it has a lower P/E but is growing fast, thats an investment worth watching. (If these numbers have you in the dark, these easy calculations should help light the way, seeHow To Find P/E And PEG Ratios.)
Beta
Beta seems like something difficult to understand, but its not. In fact, and can be found on the same page as the P/E Ratio on a major stock data provider such as Yahoo or Google. Beta measures volatility or how moody your companys stock has acted over the last 5 years. Think of the S
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Investing Basics: Flight To Quality
Investing in stocks comes with the prospect of earning big returns, but it can also carry some considerable risks. At times of financial market stress, investors will often flee from risky assets and into investments that are perceived as very safe. Investors will act as a herd and try to rid themselves of any risk in what is termed a flight to quality. Whether or not an investor takes part in the flight, it is important to understand the concept, its indicators and its implications for the market.
What is a flight to quality?
A flight to quality occurs when investors rush to less risky, more liquid investments. Cash and cash equivalents, such as Treasury bills and notes, are key examples of the high-quality assets investors will seek. Investors try to allocate capital away from assets with any perceived risk into the safest possible instruments they can find. Investors usually tend to do this en masse and the effects on the market can be quite drastic. (Knowing what the market is thinking is the best way to determine what it will do next. Read Gauging Major Turns With Psychology.)
The Causes
The causes for a flight to quality are usually quite similar, and normally follow or are concurrent with some level of distress in the financial markets. Fear in the market generally leads investors to question their risk exposure and whether asset prices are justified by their risk/reward profiles.
While every market has its own intricacies, most upswings and downturns are somewhat similar: a sharp downturn follows what, in retrospect, were unjustifiable asset prices. A lot of the time the asset prices were unjustified because many risk factors such as credit problems were being ignored. Investors question the health of companies they are invested in and may decide to take profits from their riskier investments , or even sell at losses in order to move into lower-risk alternatives. Unfortunately, most investors dont get out at the early stage. Many join the flight to quality after things start to turn sour and leave themselves open to even bigger losses. (The option to bolster after-tax stock returns through tax-loss harvesting can reverse investor gloom. Check out Tax-Loss Harvesting For An Unsteady Market.)
Once major issues in the market come to light, the bubble begins to burst and panic occurs in the market as participants reprice risk. Sharp declines in asset prices add to the panic, and force people to flee toward very low-risk assets where they feel their principal is safe, without regard for potential return. A flight to quality is often a pretty abrupt shift for financial markets; as a result, indicators such as fear and shrinking yields on quality assets arent noticed until the flight has already begun.
Negative T-Bill Yield
An extreme example of a flight to quality occurred during the 2008 credit crisis. U.S. T-bills are perceived as some of the highest quality, lowest risk assets. The U.S. government is considered to have no default risk, meaning that Treasuries of any maturity have no risk of principal loss. T-bills are also issued with maturities of 90 days, so the short-term nature makes interest rate risk minimal, and, if held to maturity, non-existent.
T-bill interest rates are largely dependent on the federal funds target rate. When the Federal Reserve consistently lowered rates during 2008, eventually setting the federal funds target rate at a range of 0-0.25% on December 16, 2008, T-bills were certain to follow the trend and return next to nothing to their owners. (For more on T-bills, see the Money Market Tutorial.)
But, could they actually return less than nothing? As the flight to quality drove institutions to shed any sort of risk, the demand for T-bills quickly outpaced supply, even as the Fed was quick to create new supply. After taking a bloodbath in nearly every asset class available, institutions tried to close their books with only the highest, most conservative assets (aka T-bills) on their balance sheets. (Learn about the components of the statement of financial position and how they relate to each other in Reading The Balance Sheet.)
The flood of demand for T-bills, which were already trading at near-zero yields , caused the yield to actually turn negative. On December 9, 2008, investors bought T-bills yielding -0.01%, guaranteeing that they would receive less money three months later. Why would any institution accept that? The main reason is safety. If an institution bought $1 million worth of T-bills at the -0.01% rate, three months later their loss would about to about $25. (For more on what happened, see Why Money Market Funds Break The Buck.)
In a time of market panic and flight to quality, investors will take that very small nominal loss in exchange for the safety of not being exposed to the larger potential losses of other assets. Negative T-bill yields are not characteristic of every time the market experiences a flight to quality, but an extreme case of where demand forces down the yields of high-quality assets. (Learn more in The Fall Of The Market In The Fall Of 2008.)
Dont Panic
A flight to quality is logical to a certain point as investors reprice market risk, but can also have many adverse consequences. First, it can help exacerbate a market downturn. As investors grow fearful of stocks that have experienced sharp declines, they are more inclined to dump them, which helps worsen the decline. Investors suffer again as their fear will prevent the buying of risky assets, which after the declines may be very attractive. The best thing for an investor to keep in mind is to not panic and be the last person selling their stocks and moving into cash when stocks are likely hitting lows.
The consequences read through to businesses also, and can affect the health of the economy, possibly prolonging a downturn or recession. During and following a market crash and flight to quality, businesses may grasp cash similar to investors. This low-risk, fear-driven strategy may prevent businesses from investing in new technologies, machines, and other projects that would help the economy.
Conclusion
Just like with bubbles and crashes, a flight to quality of some degree during a market cycle is pretty much inevitable, and impossible to prevent. As investors become jaded with the risky assets, they will seek out one thing and one thing only: safety.
Is there a way to profit from a flight to quality? Not unless you can predict what everyone else will do and do the opposite. Even then, you need to time it perfectly to avoid being trampled by the herd. It may be hard, but dont panic.
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Is Your Investment Strategy Going Extinct?
Nothing lasts forever, including the effectiveness of some investment strategies. True, some basic ideas like buy the stocks of high-quality companies when theyre trading cheaply seem to operate with no expiration date, but other strategies seem to work only for a while, before reverting back to market-average or worse returns. Let us examine some of the strategies that may be on the way out. (Avoid taking premature profits or running losses by setting appropriate exit points, see A Look At Exit Strategies.)
TUTORIAL: Stock-Picking Strategies
The Safe Haven
Whenever the markets turn rough and some sector happens to go up (or go down less), investors and commentators are more than happy to anoint a new safe haven for investors. Gold has been a safe haven at many points in history. Bonds have been safe havens, as have dividend-paying stocks, utility stocks, consumer goods stocks and so on. (For related reading, see The Advantages Of Bonds.)
For example, healthcare was supposed to be a safe haven. Yet, during the recession in the late 2000s healthcare underperformed as pharmaceutical companies suffered from patent cliffs and medical device companies bore the brunt of lower patient visits and tight hospital capital budgets.
That, then, is the problem – every crisis is different, as is the optimal path through that crisis. Whats more, people often underestimate the importance of timing when it comes to picking a safe haven. If an investor has a firm conviction that Asset X is going to be a safe place to weather the next storm, he or she would do well to get in early so that the other investors piling in later push up the price. Likewise, getting out on time is important as well – once the danger passes and everybody wants out of the safe haven, prices can drop so quickly that those slow to leave end up holding the bag.
Arbitrage
Arbitrage investing is all about making dollars a few pennies at a time – trading on the small discrepancies in prices between exchanges or an announced deal and current valuations. Unfortunately, the increased liquidity and access to markets has largely eliminated these easy profits. Arbitrage is still possible, but it tends to only be profitable for traders with the infrastructure to make large trades at lightning speed. This is not something that can be handled by a friendly retail internet broker. (For related reading, see Trading The Odds With Arbitrage.)
Dogs of the Dow
The Dogs of the Dow offered a simple value-oriented approach to investing. Investors would choose from those stocks making up the Dow Jones Industrial Average, selecting for a portfolio on the basis of the highest dividend yields and lowest stock prices, with annual rebalancing. In theory, this offered up a portfolio of relatively undervalued large-cap companies that should outperform the market (based in large part on the assumption that those dividend yields should revert to the mean).
The evidence is mixed as to whether the Dogs of the Dow strategy ever worked as advertised; some academics have made the case that the advertised results were a product of data mining and not reproducible in practice. In any case, there have been several public attempts to implement the strategy and they have failed. Whether that failure is a product of the markets simply filling in a previously unknown gap or whether the strategy never worked at all is moot – the point is that it no longer seems to work. (For related reading, see Barking Up The Dogs Of The Dow Tree.)
Guru of the Month
From time to time an investment advisor pops up with a sure-fire strategy for making money in the market. Many of these approaches are outright scams, but some are sincere attempts to offer a combination of formulas and stock characteristics that seem to lead to market outperformance.
The problem with many guru approaches, the legitimate ones at least, is that they exploit an inefficiency in the market. Once enough people know about an inefficiency, it tends to disappear fairly quickly. In fact, if there is some combination of return on equity, margins and EV/EBITDA that spells investment success, investors will program computers to jump on those opportunities. Moreover, other investors who try to think one step ahead will anticipate stocks that will soon sport those characteristics to take advantage of the automated market jump these stocks can expect from the computer programs – and on it goes. With all of that buying activity, the stocks are soon revalued and the market-beating potential vanishes.
Deep Value Investing
It is probably inaccurate to describe deep value investing as going extinct; most likely the last specimens died in captivity long ago. After reading some of the seminal works of investment strategy, Benjamin Grahams Security Analysis and Intelligent Investor, it used to be possible to find stocks trading below the value of the net current assets on the balance sheet. Likewise, companies often held assets worth far in excess of their stated value and the market capitalization of the company. There were profitable trades to be made by finding these stocks and waiting for the market to realize the value. (For more on value investing, see The Value Investors Handbook.)
Now, though, the market moves much faster and information is both more easily available and available more quickly than before. As a result, companies with $1 per share of cash and a $0.50 stock price just do not stick around for long. Whats more, companies have gotten savvier about singing their own praises and maximizing the market value of both their assets and stocks.
Invest Your Age
There is a school of thought that holds that investors would do well to allocate their portfolio according to their age by matching their portfolio weighting to bonds to their age in years. In other words, a 30 year old investor should hold 30% of his or her assets in fixed income, while a 60 year old investor should have double that allocation.
Back in the days of pensions and defined-benefit retirement plans, maybe this wasnt such bad advice.
Nowadays, though, it seems like a dangerously over-conservative way to invest. Whats more, people are living longer than ever before but still retiring at basically the same age (around 65). That means that they need more money in their portfolio at the time of retirement, and must continue to earn good returns on that money throughout retirement or risk running out of money.
Though it is true that stocks are generally more volatile than fixed income investments, that volatility cuts both ways; it is relatively rare for long-term equity investors to underperform fixed income. Worse still, with the corrosive and often underreported impact of inflation on fixed income assets, over-allocation to fixed income can lead to a worker having too little money saved away for retirement. (For related reading, see Young Investors: What Are You Waiting For?)
Buy-and-Hold
Perhaps the most controversial idea is that buy-and-hold investing is dead. The idea here seems to be that markets are so quick and efficient in addressing undervaluation, there is simply no chance that a stock can be undervalued for years at a time and worth holding for the long haul.
This notion seems to have really gained currency in the wake of the tech bubble, and it is certainly possible to see a few points in its favor. After all, anybody who bought a tech stock like Cisco (Nasdaq:CSCO) or Microsoft (Nasdaq:MSFT) during the bubble is still sitting on a loss. Likewise, anyone who bought and held a high-quality bank stock like US Bancorp (NYSE:USB) or M
7 Common Investor Mistakes
Of the mistakes made by investors, seven of them are repeat offenses. In fact, investors have been making these same mistakes since the dawn of modern markets, and will likely be repeating them for years to come. You can significantly boost your chances of investment success by becoming aware of these typical errors and taking steps to avoid them. (To read about market histories, see The Stock Market: A Look Back, The Bond Market: A Look Back and The Money Market: A Look Back.)
TUTORIAL: Investing 101 For Beginner Investors
1. No Plan
As the old saying goes, if you dont know where youre going, any road will take you there. Solution?
Have a personal investment plan or policy that addresses the following:
• Goals and objectives - Find out what youre trying to accomplish. Accumulating $100,000 for a childs college education or $2 million for retirement at age 60 are appropriate goals. Beating the market is not a goal.
• Risks - What risks are relevant to you or your portfolio? If you are a 30-year-old saving for retirement, volatility isnt (or shouldnt be) a meaningful risk. On the other hand, inflation - which erodes any long-term portfolio - is a significant risk. (To see more on risk, read Determining Risk And The Risk Pyramid and Personalizing Risk Tolerance.)
• Appropriate benchmarks - How will you measure the success of your portfolio, its asset classes and individual funds or managers? (Keep reading about benchmarks in Benchmark Your Returns With Indexes.)
• Asset allocation - What percentage of your total portfolio will you allocate to U.S. equities, international stocks, U.S. bonds, high-yield bonds, etc. Your asset allocation should accomplish your goals while addressing relevant risks.
• Diversification - Allocating to different asset classes is the initial layer of diversification. You then need to diversify within each asset class. In U.S. stocks, for example, this means exposure to large-, mid- and small-cap stocks. (Find out more about allocation and diversification in Five Things To Know About Asset Allocation, Choose Your Own Asset Allocation Adventure and A Guide To Portfolio Construction.)
Your written plans guidelines will help you adhere to a sound long-term policy, even when current market conditions are unsettling. Having a good plan and sticking to it is not nearly as exciting or as much fun as trying to time the markets, but it will likely be more profitable in the long term. (To find out how to make your investment plan, see Having A Plan: The Basis Of Success, Ten Steps to Building A Winning Trading Plan and Tailoring Your Investment Plan.)
2. Too Short of a Time Horizon
If you are saving for retirement 30 years hence, what the stock market does this year or next shouldnt be the biggest concern. Even if you are just entering retirement at age 70, your life expectancy is likely 15 to 20 years. If you expect to leave some assets to your heirs, then your time horizon is even longer. Of course, if you are saving for your daughters college education and shes a junior in high school, then your time horizon is appropriately short and your asset allocation should reflect that fact. Most investors are too focused on the short term.
3. Too Much Attention Given to Financial Media
There is almost nothing on financial news shows that can help you achieve your goals. Turn them off. There are few newsletters that can provide you with anything of value. Even if there were, how do you identify them in advance?
Think about it - if anyone really had profitable stock tips, trading advice or a secret formula to make big bucks, would they blab it on TV or sell it to you for $49 per month? No - theyd keep their mouth shut, make their millions and not have to sell a newsletter to make a living. (To learn more, see Mad Money ... Mad Market? and The Madness Of Crowds.)
Solution? Spend less time watching financial shows on TV and reading newsletters. Spend more time creating - and sticking to - your investment plan.
4. Not Rebalancing
Rebalancing is the process of returning your portfolio to its target asset allocation as outlined in your investment plan. Rebalancing is difficult because it forces you to sell the asset class that is performing well and buy more of your worst performing asset classes. This contrarian action is very difficult for many investors.
In addition, rebalancing is unprofitable right up to that point where it pays off spectacularly (think U.S. equities in the late 1990s), and the underperforming assets start to take off. (Keep reading about this subject in Equity Premiums: Looking Back And Looking Ahead.)
However, a portfolio allowed to drift with market returns guarantees that asset classes will be overweighted at market peaks and underweighted at market lows - a formula for poor performance. The solution? Rebalance religiously and reap the long-term rewards. (Find out how to put this tip to use in Rebalance Your Portfolio To Stay On Track, When Fear And Greed Take Over and Master Your Trading Mindtraps.)
5. Overconfidence in the Ability of Managers
From numerous studies, including Burton Malkiels 1995 study entitled, Returns From Investing In Equity Mutual Funds, we know that most managers will underperform their benchmarks. We also know that theres no consistent way to select - in advance - those managers that willoutperform. We also know that very, very few individuals can profitably time the market over the long term. So why are so many investors confident of their abilities to time the market and select outperforming managers?
Fidelity guru Peter Lynch once observed, There are no market timers in the Forbes 400. Investors misplaced overconfidence in their ability to market-time and select outperforming managers leads directly to our next common investment mistake. (For more insight, see Pick Stocks Like Peter Lynch.)
6. Not Enough Indexing
There is not enough time to recite many of the studies that prove that most managers and mutual funds underperform their benchmarks. Over the long-term, low-cost index funds are typically upper second-quartile performers, or better than 65-75% of actively managed funds.
Despite all the evidence in favor of indexing, the desire to invest with active managers remains strong. John Bogle, the founder of Vanguard, says its because, Hope springs eternal. Indexing is sort of dull. It flies in the face of the American way [that] I can do better.
Index all or a large portion (70-80%) of all your traditional asset classes. If you cant resist the excitement of pursuing the next great performer, set aside a portion (20-30%) of each asset class to allocate to active managers. This may satisfy your desire to pursue outperformance without devastating your portfolio.
7. Chasing Performance
Many investors select asset classes, strategies, managers and funds based on recent strong performance. The feeling that Im missing out on great returns has probably led to more bad investment decisions than any other single factor. If a particular asset class, strategy or fund has done extremely well for three or four years, we know one thing with certainty: We should have invested three or four years ago. Now, however, the particular cycle that led to this great performance may be nearing its end. The smart money is moving out, and the dumb money is pouring in. Stick with your investment plan and rebalance, which is the polar opposite of chasing performance.
Conclusion
Investors who recognize and avoid these seven common mistakes give themselves a great advantage in meeting their investment goals. Most of the solutions above are not exciting, and they dont make great cocktail party conversation. However, they are likely to be profitable. And isnt that why we really invest?
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Losing Money? Dont Blame Your Broker
Wall Street has been home to more than its fair share of scandals dealing with everything from accounting, research and access, and initial public offerings. Maybe youve just lost a fortune in the market. The money is gone, and it must be somebodys fault. There must be some way to get the money back. The next step seems obvious: sue your broker.
While it is true that you may be able to recover some or all of your losses based on broker misdeeds or misinformation, keep in mind your broker and other outside forces frequently arent solely to blame. All too often, the real culprit is staring back at you every time you look in the mirror. In this article, well look at some of the things an investor should do ensure a healthy, lawyer-free relationship with his or her broker.
A Sucker Is Born Every Minute
One of capitalisms most astounding aspects is how legions of people willingly hand over their money to complete strangers without making so much as a single telephone call to verify the strangers claims of credibility.
After giving their wallets to the stranger, these people simply sit back and wait for the money to start pouring in. And if they dont get rich and lose a portion of their initial investment, they call a lawyer and sue. On occasion, they even win the lawsuit! Win or lose though, they still feel wronged. They are victims. They have been taken advantage of by unscrupulous capitalists ... or have they?
Your Obligations As An Investor
Becoming an investor gives you certain rights. When you buy stock in a public company, for example you are entitled to a number of opportunities and rewards.
However, as an intelligent investor (or, at least as somebody who would prefer not to be victimized), you also have an obligation to do all you can to learn about the person or organization you trust with your money and the investments your money will be used to purchase. Before blindly handing over your cash, the first step is making sure youve made a strong effort to hire the right kind of help.
Start by conducting some due diligence of your own. It is the safest way to protect your investments. After all, nobody cares about your money as much as you do! It doesnt take a genius to check references and ask questions about a broker. And, of course, the only dumb question is the one that wasnt asked.
Hiring someone to give advice doesnt absolve an investor of the responsibility for accepting that advice. Once the decision has been made to hire outside help, the investors obligation to pay attention and remain fully engaged in the process doesnt disappear.
As an investor:
• Every piece of paper that you are given must be read.
• Every disclosure document must be reviewed until you understand it.
• Every item that you find confusing must be questioned.
• Every investment that you make must be researched until you are positive that you completely understand it.
• Never sign anything that you dont understand, and always get a copy of everything that you do sign.
(For additional information about the sometimes naive expectations of investors, check out Do You Understand Investment Risk?)
What If You Did Your Homework, But Still Found Trouble?
If you have chosen well, the person providing financial advice to you has a fiduciary obligation to give you good advice. Despite that obligation, nobody is right every time. Before you blame your advisor for your losses, be sure you know your rights and responsibilities. If you have truly been a responsible investor, but still feel youve been the victim of a scam, you can take your issue to arbitration, or, in the most extreme case, consult a lawyer and head off to court.
Of course, the reality of litigation is often less rewarding than most people would hope. The process takes time and, if you actually get any money back, you may not get enough to cover the full amount of your loss. To put the odds in your favor, tread slowly and carefully any time money is involved. Set realistic expectations and, if it looks too good to be true, it probably is.
$MNLU BarChart Technical Analysis NITE-LYNX
http://www.barchart.com/technicals/stocks/MNLU
Financial Wisdom From Three Wise Men
December 25 2011| Filed Under » Futures, Investing Basics, Options, Technical Analysis, Warren Buffett
Some of us are more disciplined than others. Shortly after we are born, we start to learn the rules of life. Some of these rules we had to learn the hard way, through trial and error. Others we learned from our parents. Learning from others in this way is often easier, however, we seem to do a better job of remembering the lessons we learn the hard way. As investors, we have a choice. We can learn the hard way and hope that well survive our lessons and not run out of money, or we can learn from the following three wise men.
Tutorial: Top Stock-Picking Strategies
Three wise men - Warren Buffett, Dennis Gartmen and Puggy Pearson - found very different methods to achieve financial success, but they all share a common trait - their success came by following a strict set of rules. In this article well show you nine rules that three wise investors live by.
The Worlds Greatest Investor
Warren Buffett, the Oracle of Omaha, is considered by many to be the greatest investor ever. He is also known for giving much of his $40 billion fortune to the Bill
For thou convenience $HLNT BarChart Technical Analysis NITE-LYNX
http://www.barchart.com/technicals/stocks/HLNT
Everything Investors Need To Know About Earnings
You cant get far in the stock market without understanding earnings. Everybody from CEOs to research analysts is infatuated with this often-quoted number. But what exactly do earnings represent? Why do they attract so much attention? Well answer these questions and more in this primer on earnings.
What Are Earnings?
A companys earnings are, quite simply, its profits. Take a companys revenue from selling something, subtract all the costs to produce that product, and, voila, you have earnings! Of course, the details of accounting get a lot more complicated, but underneath all the financial jargon what is really being measured is how much money a company makes.
Part of the confusion associated with earnings is caused by its many synonyms. The terms profit, net income, bottom line and earnings all refer to the same thing.
Earnings Per Share
To compare the earnings of different companies, investors and analysts often use the ratio earnings per share (EPS). To calculate EPS you take the earnings left over for shareholders and divide by the number of shares outstanding. You can think of EPS as a per-capita way of describing earnings. Because every company has a different number of shares owned by the public, comparing only companies earnings figures does not indicate how much money each company made for each of its shares, so we need EPS to make valid comparisons.
For example, take two companies: ABC Corp. and XYZ Corp. They both have earnings of $1 million but ABC Corp has 1 million shares outstanding while XYZ Corp. only has 100,000 shares outstanding. ABC Corp. has EPS of $1 per share ($1 million/1 million shares) while XYZ Corp. has EPS of $10 per share ($1 million/100,000 shares).
Earnings Season
Earnings season is Wall Streets equivalent to a school report card. It happens four times per year; publicly traded companies in the U.S. are required by law to report their financial results on a quarterly basis. Most companies follow the calendar year for reporting, but they do have the option of reporting based on their own fiscal calendars.
Although it is important to remember that investors look at all financial results, you might have guessed that earnings (or EPS) is the most important number released during earnings season, attracting the most attention and media coverage. Before earnings reports come out, stock analysts issue earnings estimates - what they think earnings will come in at. These forecasts are then compiled by research firms into the consensus earnings estimate.
When a company beats this estimate its called an earnings surprise, and the stock usually moves higher. If a company releases earnings below these estimates it is said to disappoint, and the price typically moves lower. All this makes it hard to try to guess how a stock will move during earnings season: its really all about expectations. (For more on this phenonmenon, see Surprising Earnings Results.)
Why Do Investors Care About Earnings?
Investors care about earnings because they ultimately drive stock prices . Strong earnings generally result in the stock price moving up (and vice versa). Sometimes a company with a rocketing stock price might not be making much money, but the rising price means that investors are hoping that the company will be profitable in the future - of course, there are no guarantees that the company will fulfill investors current expectations.
The dotcom boom and bust is a perfect example of company earnings coming in significantly short of the numbers investors imagined. When the boom started, everybody got excited about the prospects for any company involved in the internet, and stock prices soared. Over time, it became clear that the dotcoms werent going to make nearly as much money as many had predicted. It simply wasnt possible for the market to support these companies high valuations without any earnings; as a result, the stock prices of these companies collapsed.
When a company is making money it has two options. First, it can improve its products and develop new ones. Second, it can pass the money onto shareholders in the form of a dividend or a share buyback (see The Lowdown on Stock Buybacks). It really is this simple!
In the first case, you trust the management to re-invest profits in the hope of making more profits. In the second case, you get your money right away. Typically, smaller companies attempt to create shareholder value by reinvesting profits, while more mature companies pay out dividends. Neither method is necessarily better, but both rely on the same idea: in the long run, earnings provide a return on shareholders investments .
Summary
Earnings means profit; its the money a company makes. It is often evaluated in terms of earnings per share (EPS) - this is the most important indicator of a companys financial health. Earnings reports are released four times per year and are followed very closely by Wall Street. In the end, growing earnings are a good indication that a company is on the right path to providing a solid return for investors.
$PEMC BarChart Technical Analysis NITE-LYNX
http://www.barchart.com/technicals/stocks/PEMC
6 Things To Look For In Earnings Reports
Earnings reports allow current and potential investors to evaluate a companys financial performance. All public companies must follow U.S. Securities and Exchange Commission (SEC) regulations when filing earnings reports – Form 10-Q for quarterly reports and Form 10-K for annual reports. Form 10-Q is submitted following each of the first three fiscal quarters of each year, and Form 10-K after the fourth quarter.
In addition to these filings, companies typically create an earnings press release – a summary of what is included in the 10-Q or 10-K report. While an earnings press release provides investors with a basic snapshot of a company, investors desiring a more comprehensive and candid look at a companys financial situation should review the SEC filings. Knowing what is included in an earnings report, and which metrics to look for, can help investors more accurately evaluate a companys financial health. (For related reading, see How To Decode A Companys Earnings Reports.)
What Is in an Earnings Report?
Earnings report contains financial and other information relevant to a companys financial situation. The report is broken down into two parts as follows:
Part I. Financial Information
• Item 1. Financial Statements
• Item 2. Managements Discussion and Analysis of Financial Condition and Results of Operations
• Item 3. Quantitative and Qualitative Disclosures About Market Risk
• Item 4. Controls and Procedures
Part II. Other Information
• Item 1. Legal Proceedings
• Item 1A. Risk Factors
• Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
• Item 3. Defaults Upon Senior Securities
• Item 4. (Removed and Reserved)
• Item 5. Other Information
• Item 6. Exhibits.
Reading the Report
While the entire earnings report has information that is significant to the investor, certain elements are considered to be of particular importance to investors evaluating the financial health of a company in which they are already invested or that is a potential investment.
Earnings
Earnings refers to the amount of profit that a company generates during a specific period, and is one of the most studied metrics on a companys financial statement. Earnings are an important metric because they indicate the companys profitability.
Revenues
Revenue is the amount of money that a company receives due to its business activities over a specific period. Revenues that continually increase show positive growth, and earnings typically follow.
Expenses
Expenses are the costs associated with conducting business, and include employee wages, leases and depreciation. As a company grows, its expenses tend to increase correspondingly, so increasing expenses are not necessarily a bad thing. However, when expenses continually grow, as a percentage, more rapidly than revenues and profits, then there may be a problem.
Earnings per Share (EPS)
Earnings per share is important in determining a shares price. It is the portion of a companys profit assigned to each outstanding share of the companys common stock. The value, calculated as Net Income - Dividends on Preferred Stock ÷ Average Outstanding Shares, acts as a gauge of a companys profitability.
Management Discussion and Analysis
Part I also contains the managements take on the financial health of the company. This can include an overview, a discussion comparing the most recent quarter with year-to-date performance and previous quarters, information regarding risks the company is facing, and forward-looking statements. Many CEOs will provide an assessment of where they see their businesses headed. These appraisals, whether carefully optimistic or openly pessimistic, can have an immediate effect on the stocks price. (For additional reading, see Can Earnings Guidance Accurately Predict The Future?)
Risk Factors
Part II of the earnings report contains Item I: Legal Proceedings, and this is where any outstanding lawsuits are reports. Many lawsuits are settled out of court as nuisance claims, but major ones can have a negative effect on the company. Item IA: Risk Factors details any unusual risk to which the company is vulnerable, such as risks associated with new business activity or a proposed change in corporate structure. Extraordinary events, such as natural disasters, are typically overlooked by analysts, since they are unlikely to happen again.
The Bottom Line
While individual metrics, such as revenue, earnings per share and earnings before interest and tax, are important, comparing current performance to that of the previous period, and that of the same period during previous years, is essential. A company is a work in progress, and its performance over time can be a good indicator of its financial health, its ability to adapt to changing market conditions, the productivity of its management and its prospects for future growth.
Feast thine eyes upon $BRYN BarChart Technical Analysis NITE-LYNX
http://www.barchart.com/technicals/stocks/BRYN
Is Warren Buffett Really A Value Investor?
Hes one of the most famous investors of all time and has certainly earned his nickname of The Oracle of Omaha. Warren Buffett has long been hailed as a value investor. But is that statement still accurate?
TUTORIAL: P/E Ratio
What Is Value Investing?
Value investing can mean a number of different things, but is generally meant to refer to a class of investors who look for investments trading at a price below where certain valuation fundamentals suggest they should be trading at. For example, a stock can trade at a price-to-earnings (P/E) or price-to-book (P/B) value below its peers or the market average in general. Overall, value investing is an investment philosophy of finding undervalued securities that should eventually increase in value to be closer in line with (or above) the metrics of rivals or stock market averages.
On the flip side, growth investors are said to be more interested in the growth potential of a security whose underlying company has above-average sales or profit expansion prospects. Given this higher growth potential, a growth investor may be willing to pay above-average P/E, P/B or other valuation metrics compared to rivals or the market in general.
The value investing crowd has its origins in the 1934 text Security Analysis by Benjamin Graham and David Dodd and has been further developed by Warren Buffett, a past student of Graham who has also preached that a security eventually trades up to its intrinsic value. Buffett championed Grahams approach to buy a security with a satisfactory margin of safety, or, in Grahams words, a favorable difference between price on the one hand and indicated or appraised value on the other. (This simple measure can help investors determine whether a stock is a good deal. For more, see Value Investing Using The Enterprise Multiple.)
Where Does Buffett Fit?
In this context, Buffett is considered a value investor. More specifically, he relies on estimating a firms future cash flows and discounting them back to the present to get an estimated intrinsic value for a company when it comes to investing in its stock. Intrinsic value is a theoretical value assuming one could know a firms future cash flows with certainty, so the reality is that it is a very subjective measure and investors may come to widely varying estimations of intrinsic value, even when looking at the same set of data, valuation metrics, etc.
But in the context of value versus growth investing, Buffett is actually a bit of both. In his words, growth and value investing are joined at the hip and that understanding is required to find a company and underlying stock with solid growth prospects and a market value well below intrinsic value. The best illustration of this is the growth of Berkshire Hathaways non-insurance businesses over the past four decades. Below is a chart that Buffett provided in Berkshires 2010 shareholder letter:
Period Annual Earnings Growth
1970-1980 20.8%
1980-1990 18.4%
1990-2000 24.5%
2000-2010 20.5%
Over this time period, earnings growth averaged 21% annually while Berkshires stock price grew at an annual compounded rate of 22.1%, almost completely mirroring the growth in earnings. In this respect, Buffett is the ultimate growth investor because earnings grew about twice the level of the stock market during this period. In Buffetts words from this years shareholder letter, market prices and intrinsic value often follow very different paths - sometimes for extended periods - but eventually they meet. (Find out how Mr. Markets mood swings can mean great opportunities for you. See Take On Risk With A Margin of Safety.)
The Bottom Line
Again, perhaps the most appropriate conclusion to make is that Buffett is both a value and growth investor. At the outset of making an investment, it is reasonable to conclude that he uses a margin of safety by purchasing a stock with valuation metrics that are well below average. But overall, growth has to be there so that the firm can eventually trade up closer to its intrinsic value and growth potential must be well above average to double the markets return over the long haul.
To be a truly successful investor, individuals must take both a value and growth perspective when it comes to spotting undervalued investments and outperforming the market over time. Valuation multiples including P/E and P/B ratios are a good starting point, but at the end of the day it is also necessary to estimate a firms growth prospects and cash flows going forward, and come to an independent determination of intrinsic value.
10 Tips For The Successful Long-Term Investor
While it may be true that in the stock market there is no rule without an exception, there are some principles that are tough to dispute. Lets review 10 general principles to help investors get a better grasp of how to approach the market from a long-term view. Every point embodies some fundamental concept every investor should know.
1. Sell the losers and let the winners ride!
Time and time again, investors take profits by selling their appreciated investments, but they hold onto stocks that have declined in the hope of a rebound. If an investor doesnt know when its time to let go of hopeless stocks, he or she can, in the worst-case scenario, see the stock sink to the point where it is almost worthless. Of course, the idea of holding onto high-quality investments while selling the poor ones is great in theory, but hard to put into practice. The following information might help:
• Riding a Winner - Peter Lynch was famous for talking about tenbaggers, or investments that increased tenfold in value. The theory is that much of his overall success was due to a small number of stocks in his portfolio that returned big. If you have a personal policy to sell after a stock has increased by a certain multiple - say three, for instance - you may never fully ride out a winner. No one in the history of investing with a sell-after-I-have-tripled-my-money mentality has ever had a tenbagger. Dont underestimate a stock that is performing well by sticking to some rigid personal rule - if you dont have a good understanding of the potential of your investments , your personal rules may end up being arbitrary and too limiting. (For more insight, see Pick Stocks Like Peter Lynch.)
• Selling a Loser - There is no guarantee that a stock will bounce back after a protracted decline. While its important not to underestimate good stocks, its equally important to be realistic about investments that are performing badly. Recognizing your losers is hard because its also an acknowledgment of your mistake. But its important to be honest when you realize that a stock is not performing as well as you expected it to. Dont be afraid to swallow your pride and move on before your losses become even greater.
In both cases, the point is to judge companies on their merits according to your research. In each situation, you still have to decide whether a price justifies future potential. Just remember not to let your fears limit your returns or inflate your losses. (For related reading, check out To Sell Or Not To Sell.)
2. Dont chase a hot tip.
Whether the tip comes from your brother, your cousin, your neighbor or even your broker, you shouldnt accept it as law. When you make an investment, its important you know the reasons for doing so; do your own research and analysis of any company before you even consider investing your hard-earned money. Relying on a tidbit of information from someone else is not only an attempt at taking the easy way out, its also a type of gambling. Sure, with some luck, tips sometimes pan out. But they will never make you an informed investor, which is what you need to be to be successful in the long run. (Find what you should pay attention to - and what you should ignore in Listen To The Markets, Not Its Pundits.)
3. Dont sweat the small stuff.
As a long-term investor, you shouldnt panic when your investments experience short-term movements. When tracking the activities of your investments, you should look at the big picture. Remember to be confident in the quality of your investments rather than nervous about the inevitablevolatility of the short term. Also, dont overemphasize the few cents difference you might save from using a limit versus market order.
Granted, active traders will use these day-to-day and even minute-to-minute fluctuations as a way to make gains. But the gains of a long-term investor come from a completely different market movement - the one that occurs over many years - so keep your focus on developing your overall investment philosophy by educating yourself. (Learn the difference between passive investing and apathy in Ostrich Approach To Investing A Bird-Brained Idea.)
4. Dont overemphasize the P/E ratio.
Investors often place too much importance on the price-earnings ratio (P/E ratio). Because it is one key tool among many, using only this ratio to make buy or sell decisions is dangerous and ill-advised. The P/E ratio must be interpreted within a context, and it should be used in conjunction with other analytical processes. So, a low P/E ratio doesnt necessarily mean a security is undervalued, nor does a high P/E ratio necessarily mean a company is overvalued. (For further reading, see our tutorial Understanding the P/E Ratio.)
4. Resist the lure of penny stocks .
A common misconception is that there is less to lose in buying a low-priced stock. But whether you buy a $5 stock that plunges to $0 or a $75 stock that does the same, either way youve lost 100% of your initial investment . A lousy $5 company has just as much downside risk as a lousy $75 company. In fact, a penny stock is probably riskier than a company with a higher share price, which would have more regulations placed on it.
6. Pick a strategy and stick with it.
Different people use different methods to pick stocks and fulfill investing goals. There are many ways to be successful and no one strategy is inherently better than any other. However, once you find your style, stick with it. An investor who flounders between different stock-picking strategies will probably experience the worst, rather than the best, of each. Constantly switching strategies effectively makes you a market timer, and this is definitely territory most investors should avoid. Take Warren Buffetts actions during the dotcom boom of the late 90s as an example. Buffetts value-oriented strategy had worked for him for decades, and - despite criticism from the media - it prevented him from getting sucked into tech startups that had no earnings and eventually crashed. (Want to adopt the Oracle of Omahas investing style? See Think Like Warren Buffett.)
7. Focus on the future.
The tough part about investing is that we are trying to make informed decisions based on things that have yet to happen. Its important to keep in mind that even though we use past data as an indication of things to come, its what happens in the future that matters most.
A quote from Peter Lynchs book One Up on Wall Street (1990) about his experience with Subaru demonstrates this: If Id bothered to ask myself, How can this stock go any higher? I would have never bought Subaru after it already went up twentyfold. But I checked the fundamentals, realized that Subaru was still cheap, bought the stock, and made sevenfold after that. The point is to base a decision on future potential rather than on what has already happened in the past.
8. Adopt a long-term perspective.
Large short-term profits can often entice those who are new to the market. But adopting a long-term horizon and dismissing the get in, get out and make a killing mentality is a must for any investor. This doesnt mean that its impossible to make money by actively trading in the short term. But, as we already mentioned, investing and trading are very different ways of making gains from the market. Trading involves very different risks that buy-and-hold investors dont experience. As such, active trading requires certain specialized skills.
Neither investing style is necessarily better than the other - both have their pros and cons. But active trading can be wrong for someone without the appropriate time, financial resources, education and desire.
9. Be open-minded.
Many great companies are household names, but many good investments are not household names. Thousands of smaller companies have the potential to turn into the large blue chips of tomorrow. In fact, historically, small-caps have had greater returns than large-caps; over the decades from 1926-2001, small-cap stocks in the U.S. returned an average of 12.27% while the Standard
BarChart Technical Analysis NITE-LYNX $SDRG
http://www.barchart.com/technicals/stocks/SDRG
NITE-LYNX $HSCO BarChart Technical Analysis
http://www.barchart.com/technicals/stocks/HSCO
For thou convenience $MAXE BarChart Technical Analysis NITE-LYNX
http://www.barchart.com/technicals/stocks/MAXE
Ignore my previous post. I mistakenly posted news of an FDA approval from January 19, 2017 thinking it was today.
AMFE is uplisting to OTCQB!
https://www.otcmarkets.com/stock/AMFE/filings
It was filed after hours so Monday comes the boom!!
$GCEI ALERT>SHORT SELLERS BEWARE : Why You Should Never Short- Sell Stocks.
http://www.marketwatch.com/story/why-you-should-never-short-sell-stocks-2015-11-19 (below)
But if you have a short position, there’s no limit to how much money you can lose if the shares rise. If the share price increases soon after you place a short position, you could quickly “cover” by buying back the shares and returning them to the investor you borrowed them from. If you’re lucky, you might not lose very much.
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Go GREEN with Global Clean Energy a Enviromentally Friendly Waste Tires to Fuel & Algae to Products Company.
glta
TRDX: Up 100% from its New Bottom 0.0001 with about 750 ~ 900M shares Small OS! TRDX had already bounced 8-Bagger from 0.0001 to 0.0008 in June of 2017 It has Positive Book Value and the gagged TA! It can easily hit the recent high 0.0018 again with 200M shares of Slapping volumes...
AFTC (61.871M shares FIXED Tiny float, 592M shares FIXED OS, and 1.5B shares FIXED AS plus $0.0007 a share Positive Book Value) has only bounced 5-Bagger so far No any dilution since 2010! Both AFTC and TRDX have the Same Bottom 0.0001, Similar SS, and are registered with the Same state --- Nevada. TRDX has "Permanently Revoked" NV status v.s. AFTC has normal "Revoked" filing status!
UOIP won their IPR appeal with RPX on 01/17. Should be hearing similar results with Cisco soon as well.
RPX Corporation v. ChanBond LLC
Case Filed:Jul 26, 2017
Terminated:Jan 17, 2018
Federal Circuit U.S. Court of Appeals
Case #:0:17-bcaag-02346
Wednesday, January 17, 2018
39 7 pgs ORDER filed. The stay of proceedings is lifted. The motion to dismiss [30] is granted. The appeal is dismissed. Each side shall bear its own costs. ISSUED AS A MANDATE: January 17, 2018. Service: 01/17/2018 by clerk. [490198]
$ADAC's Trader's Cheat Sheet on https://www.barchart.com/stocks/quotes/ADAC/cheat-sheet
NEW>>->>-$ANDI-UPDATE**NEWS**-UPDATE-AND MORE-https://twitter.com/DarrylVGreen1/status/954051819675799552?ref_src=twcamp%5Eshare%7Ctwsrc%5Em5%7Ctwgr%5Eemail%7Ctwcon%5E7046%7Ctwterm%5E1
PHONE IMAGE-https://twitter.com/DarrylVGreen1
*RECENT-After Market-management update-https://twitter.com/UtopyaTech/status/951195972339515392
UPDATES-https://investorshub.advfn.com/boards/read_msg.aspx?message_id=137591845
Massive $ANDI-Short Squeeze on the way-BOOM..-
VUME is about to explode. 60m Float- 350m or 80% OS company owned. News and this is an epic bagger!! Get in before it happens.
Nice! ZenaPay’s development team is also working on a vendor payment solution that will allow merchant businesses to pay vendors and employees using cryptocurrencies. check out EPAZ
Future features will include the following:
An e-commerce store
Seed-to-sale tracking
Sales reporting and compliance
http://www.zenapay.com
SGYP FDA APPROVAL NEXT WEEK
LOOK FOR DOUBLE OR TRIPLE
TSSP is back bottom play new store great products hidden gem https://www.facebook.com/Six-Rivers-Solar-105058982893285/
SRMX $0.0074 breaking out again today. High of 0082 Wednesday then consolidation. Break 82/83 area today and we are going much higher. All driven by Wednesday's news of working with AT&T.
Nice dd.. EPAZ Filed for a patent on their secure block chain contract technology. http://psinvestor.com/epaz-epazz-files-for-patent-on-blockchain-smart-legal-contracts-technology/
RCGR having another great day, shorts are stuck and there is no selling have a feeling we see news next week with this kind of action.
Blockchain news from $EPAZ this week as Epazz ZenaPay Bitcoin Wallet Has Been Downloaded more than 10,000 Times Since Launch on Play Store http://www.otcmarkets.com/stock/EPAZ/news/Epazz-ZenaPay-Bitcoin-Wallet-Has-Been-Downloaded-more-than-10-000-Times-Since-Launch-on-Play-Store?id=180644&b=y
SSOF .0023 500k No..Dilution...No Debt...3 Purchase Orders $2,046,000, $461,000 Profit, Announced End of August/September >> https://ih.advfn.com/p.php?pid=nmona&article=75494033
https://ih.advfn.com/p.php?pid=nmona&article=75534087https://ih.advfn.com/p.php?pid=nmona&article=75578264
Check out the latest News from $WCTXF
https://licoenergymetals.com/press
$PPPMF Primero Mining on on Twitter https://twitter.com/PrimeroMiningCo
>>> $KNDI 6.90 + 0.10 (1.47%) Solid Play #Smartmoney
PNGM .0087 IM thinking anything under .01 will be platinum. If fins come out or an 8k or Daily List. this will prob go to several pennies instantly. prob early entry here imo
Military / Drones $ASTI This will be huge imo!
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