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These guys short and cover most of their position minutes after their reports. Thats the business model. He doesn't give a shit about what the stock does after that, he already banked anyway

Shorted some SPY today to get some protection going into Sep (bad month for stocks) and a likely hike by the fed soon

word. putting 10% of assets in a covered call writing type strategy is far from chasing risk or anything like that

In overvalued and overbought markets, this strategy is not bad at all. You lose less than being invested if things turn around. At the same time, if they continue upward, you make some. Being in cash might get you fired as stocks continue higher. Its a conservative way to get long exposure

Funny, I was checking the Olympics medal count history and over the past 20-30 years the only time China beat the United States on the medals table was in Pequim 2008. The whole thing was a sham

I sold HGNR for a quick profit but im still in CNX 2022s. I sold a little bit at 80 but still holding most

Most books are outdated for daytrading these days. So frankly, one of the best around is the book Traders of the New Era Expanded Edition

There are some bullish scenarios where Brazilian stocks will make a new all time high within 2 years. The reason has to do with its historical tendecy to having big economic rebounds in every recession it has had over the last 100 years. If the economy pulls that off, profit margins will expand...

http://www.bloomberg.com/view/articles/2016-08-11/brazil-is-still-the-country-of-the-future

IB

http://www.businessinsider.com/bill-ackman-valeant-insider-trading-case-2016-8 Ackman insider trading suit. What the article doesnt say is this is a civil suit (because there is no basis for it and hence the agencies with criminal powers didn't get involved) that is not even being made by the...

The trust is probably a bad idea. The former leader of the lower house (eduardo cunha, the same guy who blocked the 2014 loophole) has run into problems because he used trusts to hide offshore funds. It appears that the government will 'look through' trusts after this scandal. It could be...

Well, Eike Bastista did. He controlled a structure with 22 entities according to the Panama Papers http://fernandorodrigues.blogosfera.uol.com.br/2016/04/06/eike-controlava-estrutura-com-22-offshores-da-mossack-fonseca/ He also held a number of Nevada entities as well he is reported to have...

http://www.bloomberg.com/news/articles/2015-04-30/george-soros-s-tax-bill Soros was able to compound without paying taxes for a really long-time. Only in 2008, the US finally closed the loophole. We are talking about of one the most aggressive tax collecting agencies in the world. If they...

The system still makes you liable for taxes, but only on the distributed profit. You can only postpone taxes, in effect this is similar to the soros structure where he was able to defer taxes for a long time by incorporating in the Netherland antilles/Curacao. Right under the nose of the IRS, we...

Except in the case of brazil the lawyers do say its lawful. so did the government when they tried to close the loophole in 2014 but congress (which is a big user of the loophole) denied them. If you are waiting for things to "make sense" in dealing with brazil, you will be waiting forever

Wrong, the CFC rules for Br companies started in 2014. Before that there weren't any, yet there were plenty of companies in brazil

you are using the same flawled argument that i debunked several times. this only applies to brazilian companies, not people. since this site is for individual traders, for all intents and purposes you are wrong

The news proved you even more wrong. The Panama paper thing exposed a lot of brazilians with panama structures. In many of the articles lawyers were consulted, they made pretty clear the Brazilian laws do not require disclosure of corporate bank accounts, only the ownership stake on the company...

no you were not. you are and continue to be completely wrong (and paranoid)