Retail stocks had a nightmarish end of week after Macy’s produced earnings that the Street didn’t care for. But that didn’t have any effect on Guy Cohen or his traders, because they obey a law that says “Trade What You See” … And what that means is they only trade when they see a compelling setup with Guy’s OVI indicator and the stock price itself.
Since November that has meant overwhelmingly the Tech sector which Guy called just after the presidential election, hot on the heels of having made mints from the Financial sector in the months preceding that!
“Trade What You See” will make you money AND save you money. The markets are not for gambling on hunches with, unless you’re crazy! The markets can serve you wonderfully … but only if you play the odds. And the right odds are following the large leveraged investors. It works … so from now on make yourself a promise to stop with the Drama!
Read The Capitalist’s Take Here
DISNEY’S PIRATES OF THE CARIBBEAN 5 HIJACKED BY PIRATES; DISNEY REFUSING TO PAY RANSOM
Walt Disney CEO Bob Iger revealed Monday that hackers have stolen one of the company’s upcoming films and are demanding the studio pay a ransom to prevent the film from leaking online, the Hollywood Reporter reported. Iger, who was speaking at a town hall meeting with ABC employees in New York City, reportedly said Disney would not pay the demands of the hackers and is currently working with federal investigators at the FBI to handle the ransom attempt.
Read More at International Business Times Here
Read More at BuzzFeed Here
Read More at Heavy Here
UBER CAN CONTINUE SELF-DRIVING WORK, MUST RETURN STOLEN WAYMO FILES PER U.S. JUDGE
Uber Technologies Inc [UBER.UL] must promptly return stolen confidential files to Alphabet Inc’s (GOOGL.O) Waymo self-driving car unit, a federal judge ruled, while stopping short of shutting down the ride-services company’s autonomous car program. The judge wrote that Uber knew, or should have known, that an ex-Waymo engineer it later hired had taken Waymo files potentially containing trade secrets, and that some of the intellectual property had “seeped into” Uber’s own development efforts.
Read More at Reuters Here
Read More at Wired Here
Read More at The Washington Post Here
– Monday, May 15th
Markets Soar UP as Crude and Tech See Big Day
Big Insider Trades
– Rosetta Stone, Inc. (RST) Director David Nierenberg Sells $1m
– Revlon, Inc. (REV) Director Ronald Perelman Buys $2m