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March 5, 2018 | How a Phony-Baloney Rally Could Mutate into the Real Thing

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.

I was skeptical that Friday’s phony-baloney short-squeeze would get very far, but the rally could quickly mutate into the real deal if leadership from stocks such as Boeing (see update below), AMZN and AAPL continues to gain momentum. Elsewhere on the page, I’ve detailed precisely what Boeing in particular must do to shift into high gear. It is a bellwether that we’ve tracked very closely, mainly because the stock is an excellent proxy for companies that sell real things, as opposed to digital widgets.

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March 5th, 2018

Posted In: Rick's Picks

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