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ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION

February 21, 2019 | Tabloid Nation

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.

DaBoyz were unable to goad bears into covering short positions on Thursday, so stocks went limp. “Bullish news” overnight could change that, but the sordid tale of actor Jussie Smollett, who evidently lied about being beaten up by MAGA thugs,  has so completely dominated the headlines that a bullish story concerning the economy is unlikely to stir up much of a response.  However the day unfolds on Wall Street, we’re inclined to go short over the weekend for reasons detailed in the DJIA tout below.

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February 21st, 2019

Posted In: Rick's Picks

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