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July 25, 2017 | Da Boyz Find Something to Rotate On

Rick Ackerman

Rick Ackerman is the editor of Rick’s Picks, an online service geared to traders of stocks, options, index futures and commodities. His detailed trading strategies have appeared since the early 1990s in Black Box Forecasts, a newsletter he founded that originally was geared to professional option traders. Barron’s once labeled him an “intrepid trader” in a headline that alluded to his key role in solving a notorious pill-tampering case. He received a $200,000 reward when a conviction resulted, and the story was retold on TV’s FBI: The Untold Story. His professional background includes 12 years as a market maker in the pits of the Pacific Coast Exchange, three as an investigator with renowned San Francisco private eye Hal Lipset, seven as a reporter and newspaper editor, three as a columnist for the Sunday San Francisco Examiner, and two decades as a contributor to publications ranging from Barron’s to The Antiquarian Bookman to Fleet Street Letter and Utne Reader.

In the good old days, institutional players used to rotate money from one sector to another just so that no one suspected them of having one-track minds. The process took place over weeks or even months, but these days the whole dog-and-pony show can begin and end in mere hours. Tuesday morning, for instance, the Big Money was flowing out of AMZN and into the Dow, suggesting that there was money burning a hole in DaBoyz’ pockets that had to go somewhere. By day’s end, however, it looked like all the ‘rotating’ they needed to do was finished. AMZN resumed its inexorable trek higher, and the Dow, despite considerable drag early in the session from the retail giant’s recalcitrant shares, closed up a hundred points. Are these guys good, or what?

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July 25th, 2017

Posted In: Rick's Picks

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