Ricks Picks

Why Apple’s ‘Huge’ Upside in TV Is Overrated

EST

We’ll bleed from the ears if Wall Street’s bull-market shills amp up the hype any louder. Consider this brazen bit of flackery masquerading as news Monday at YahooFinance.com:  “A Morgan Stanley…analyst sees huge upside for Apple stock based on the tech power’s ability to roll out new services in 2019, which includes its streaming TV platform that aims to take on Amazon and Netflix.”  Ahhh, just what TV-watchers so urgently need: a brand-new player to offer us yet more shows, each accompanied by enough in-our-faces marketing to convince us it is worthy of our time.

Let me save you a dozen precious hours, lest you be fooled into thinking the latest overhyped offering from Netflix, Russian Doll, is the “brilliant black comedy” proclaimed by one giddy reviewer. Brilliant it ain’t. But don’t trust my taste. Try watching the first episode and judge for yourself.

A Bidding War

Nor does throwing huge sums of money at “content” guarantee brilliance, let alone create shows that are entertaining and that attract large audiences.  And therein lies the problem for the biggest players in the streaming world. Netflix paid comedian Chris Rock a reported $40 million for two TV specials. What will it cost Amazon, Disney and HBO to one-up them? And even if they succeed, can they make enough money at it to pay the talent and retain sufficient profits to justify the rich earnings multiples that entertainment companies currently command?  It’s doubtful. Netflix’s competitors, far from licking their chops, are undoubtedly fearful of escalating a bidding war that is already coked-up on hubris. If the top is not already in, it soon will be.



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Seminar Information page.

Tuesday, August 20, 2019

The consistent accuracy of Rick Ackerman’s forecasts is well known in the trading world, where his Hidden Pivot Method has achieved cult status. Rick’s proprietary trading/forecasting system is easy to learn, probably because he majored in English, not rocket science. Just one simple but powerful trick -- managing the risk of an ongoing trade with stop-losses based on ‘impulse legs’ – can be grasped in three minutes and put to profitable use immediately. Quite a few of his students will tell you that using ‘impulsive stops’ has paid for the course many times over.

Another secret Rick will share with you, “camouflage trading,” takes more time to master, but once you get the hang of it trading will never be the same. The technique entails identifying ultra-low-risk trade set-ups on, say, the one-minute bar chart, and then initiating trades in places where competition tends to be thin.

Most important of all, Rick will teach you how to develop market instincts (aka “horse sense”) by observing the markets each day from the fixed vantage point that only a rigorously disciplined trading system can provide.

The three-hour Hidden Pivot Course is offered live each month. If it’s more convenient, you can take it in recorded form at your leisure, as many times as you like. The course fee includes “live” trading sessions (as opposed to hypothetical ‘chalk-talk’) every Wednesday morning, access to hundreds of recorded hours of tutorial sessions, and access to an online library that will help you achieve black-belt mastery of Hidden Pivot trading techniques.

The next webinar will be held on Tuesday, August 20. Click below to register or get more information.

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