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Day: May 17, 2019

Wall Street Secrets Revealed #7 – The Greenshoe Option – Part 2

May 17, 2019 Published by

Last month, I talked about the Greenshoe Option and how it applied to the Lyft IPO,

Wall Street Secrets Revealed #7 – The Greenshoe Option

The Greenshoe option, is an over-allotment, typically allowing underwriters to sell up to 15% more shares than the original amount set by the issuer if demand far exceeds supply.

But the Greenshoe option is really a price stabilizer, to ensure that price doesn’t fall below the IPO price.  So if the company’s stock price breaks or falls below the IPO price, the underwriters will buy shares back from the market at the IPO price, which helps to stabilize

Crypto Contest May 17: Time New Bank

May 17, 2019 Published by

Time New Bank (Binance: TNBUSD) has broken out of the triangle pattern in the daily chart.

(Chart courtesy of Tradingview.com (log scale))

Elliott Wave Analysis

In Elliott Wave terms, Time New Bank began a wave one advance on February 6. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on April 8, and the red wave two (blue sub-waves a-b-c) correction ended on May 10. If this wave count is correct, Time New Bank should be heading next towards the April 8 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))

Funnymentals

Time New Bank is a token that represents MiaoA International Timechain (M.I.T). That is dedicated

Bitcoin: The Pullback Was Bound to Happen, Duh.

May 17, 2019 Published by

It wasn’t a matter of it, but when.  And I will tell you what, prices got higher than I thought they would before we got a pullback.
BTC (and the big caps) dumped hard in a single hour
A few hours ago we saw BTC, ETH, and others dump hard a provide us with a big fat red candle before rallying off the lows.
BTC is currently down 800 points from yesterday’s close and we could see more downside over the next 24 hours.
Looking at the chart you can see things topped out at 8,350 or so, which happens to be a prior

Dr. Copper Suggests The Equity Markets Are On Thin Ice

May 17, 2019 Published by

I last wrote about Copper one month ago,

Is Dr. Copper About To Breakout??? – Part 3

But the other reason is prices are waiting to see if a US-China deal will be reached.  Thus, the only way to play copper at the moment is to play the extremes and consider anything in the middle as equilibrium.

Whenever, I want to know where the Equity Markets are heading, I look to Doctor Copper. The term Doctor Copper is market lingo for the copper’s ability to predict turning points in the global economy. Rising copper prices imply demand or a growing global economy and

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