Greens across the board

Another positive day on Wall Street with green numbers across the board for the three major indexes. Meanwhile, Coupang, the South Korean counterpart to Amazon and Alibaba, opened trading on the stock market at $63.50 today. Bumble, the dating app where women get to approach men first, also had a great day, climbing over 15 percent. It is now trading in the $70 range. Guess you can put a price on love! Over the weekend, Rob recorded a live webinar where he discussed his thoughts on the future of the market. He also taught three of the strategies he plans to use to trade in the months ahead. Well, due to the uncertainty in the market this week, Rob asked us to reopen that replay for one more day. Watch it here before its gone Welcome Coupang Coupang is officially on the market. The South Korean e-commerce giant, a rival to companies like Amazon and Alibaba, debuted on Thursday on the New York Stock Exchange. The company's IPO of 130 million shares were priced at $35 on Wednesday, which raised $4.6 billion in revenue, and valued the company at about $60 billion. The company was founded by Bom Suk Kim, a Harvard dropout. Some of the biggest early investors in the company include Stanley Druckenmiller and Bill Ackman. GE's Reverse Stock Split Over the summer, you may remember the Apple stock split that was huge news for several weeks. Companies perform stock splits when they are doing well and their stock has become expensive. But stock splits can actually be reversed when companies are struggling. And GE is about to perform a reverse stock split and consolidate its shares. Read about why here Don't worry about who invests in a company. Every time you hear about a big new company hitting the stock market, there are always some headlines about "so and so is a big investor in X" or "you'll never guess who bought shares of the hottest IPO since H2O." It doesn't matter, or at least, it doesn't matter much. Not to us. Earlier in this issue, we mentioned that Stanley Druckenmiller and Bill Ackman are big early investors in Coupang. I ask: "who cares?" Now, don't misunderstand me. I actually have a ton of respect for Bill Ackman, and since we seem to be pretty like-minded, bearish guys, his opinions mean more to me than most. But do you know when it matters to me that Bill Ackman is an early investor in Coupang? Only if I'm planning to invest in Coupang the exact same way. That's it. If I'm just going to trade Coupang like any other stock, then it doesn't matter to me whether Bill Ackman or Joe Biden or Elvis Presley are investors in the company. I still have to do my research, put in the hard work, and trade at the right times. Besides, you don't want to trade the news and move in on big new IPOs usually, anyway. They're too volatile. So that's my spiel for today. Knowing which Wall Street big wigs bought into a company is an interesting factoid. But it's not good for much else. Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. You may lose more than you invest. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. The information on this website is intended as educational in nature and we do not recommend that you buy or sell any specific financial instrument. Daily Profit Publishing , 1800 Hughes Landing Blvd. Ste. 200, The Woodlands, TX 77380, United States Update your subscription — Unsubscribe