{"id":49818,"date":"2014-04-16T05:43:26","date_gmt":"2014-04-16T09:43:26","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=49818"},"modified":"2014-04-16T05:43:26","modified_gmt":"2014-04-16T09:43:26","slug":"anarchy-in-new-york-taxicabs-suddenly-vanish","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2014\/04\/16\/anarchy-in-new-york-taxicabs-suddenly-vanish\/","title":{"rendered":"Anarchy in New York, Taxicabs Suddenly Vanish\u2026"},"content":{"rendered":"

By WallStreetDaily.com<\/u><\/a> \"Anarchy<\/p>\n

Allow me to share an investment insight I recently received from self-made millionaire, Chris Camillo.<\/p>\n

Chris is the bestselling author who turned $20,000 into $4 million straight through the Financial Crisis, without<\/em> shorting the collapsing housing market.<\/p>\n

Back in November, Chris invited me into his home to sit and chat.<\/p>\n

Knowing that all legendary investors have their own “secret sauce,” I listened very carefully.<\/p>\n

And today, I’m stealing Chris’ secret to reveal my favorite company among MIT’s just-published list of the “Top 50 Smartest Companies.”<\/p>\n

The company is Uber, MIT’s 26th Smartest Company…<\/strong><\/b><\/p>\n

Uber is a sedan service that’s ready to push the taxicab industry into extinction.<\/p>\n

Forget dirty, smelly cabs… with the Uber app loaded on your smartphone, the click of a button will summon a beautiful black towncar ready to take you anywhere.<\/p>\n

The towncar usually arrives in less than seven minutes, too.<\/p>\n

Oh, and the driver is courteous and attentive. Imagine that!<\/p>\n

When I downloaded the Uber app, I was prompted to load a credit card, which ingeniously eliminates a cash exchange.<\/p>\n

And upon arriving at my destination, I simply opened the door and exited the vehicle.<\/p>\n

The driver’s gratuity is built into the price, as well!<\/p>\n

I never even reached for my wallet. (Check out this video of me in an Uber “black car”<\/a> this morning.)<\/p>\n

But here’s why I’m declaring the taxicab industry dead…<\/strong><\/b><\/p>\n

With all the subtle nuances of a personal limousine service, Uber’s prices are right in line with taxis. Sometimes they’re even cheaper!<\/p>\n

Personally, I hope to never see the inside of a cab again.<\/p>\n

Now, how does my conversation with bestselling author, Chris Camillo, factor in?<\/p>\n

It’s simple, really.<\/p>\n

Chris made his fortune exploiting what he calls “information imbalances.”<\/p>\n

While that may sound complicated, it’s not.<\/p>\n

An information imbalance occurs when the public has a rare, unfair advantage over Wall Street.<\/p>\n

The advantage comes from having the freedom to invest alongside trends, phenoms and sensations just as they’re happening.<\/p>\n

Wall Street is its own worst enemy in this regard.<\/p>\n

Institutional controls and regulations weigh on money managers like cement, which means they’re sitting ducks for any “unexpected” profit sensations.<\/p>\n

For example, Wall Street totally missed Uggs, True Religion Jeans and Crocs as they swept the nation.<\/p>\n

Wall Street also missed the Wendy’s “Pretzel Burger” craze.<\/p>\n

And guess what?<\/p>\n

Wall Street is about to miss the next BIG one!<\/p>\n

How to play the rise of personal sedan services…<\/strong><\/b><\/p>\n

Undoubtedly, competitors will arrive to challenge Uber. I mean, competition is the nature of free markets, right?<\/p>\n

But the competition won’t come from taxicabs.<\/p>\n

Quite frankly, taxicab companies have failed miserably to adapt to a changing market. And now it’s way too late for them to save themselves.<\/p>\n

The fly in the ointment here is that Uber is a privately held company.<\/p>\n

Boy, it’d be a shame to waste a classic information imbalance, though.<\/p>\n

So I’m going to break form and recommend “going short” shares of Medallion Financial Corp.<\/strong> (TAXI<\/a>).<\/p>\n

Medallion Financial controls the financing of taxicab medallions.<\/p>\n

These medallions are the licenses required to operate taxicabs in major cities like New York, Boston, Chicago, Newark, Philadelphia and Baltimore.<\/p>\n

As Uber continues to rise to power, taxicab medallions will be worth less and less.<\/p>\n

Only 4.8% of the shares are presently being held “short,” so we’re nice and early on this one.<\/p>\n

For our more aggressive speculators, consider buying a few November 2014 $10 put options.<\/p>\n

By November, I expect cabbies will be scrambling to survive, meaning those put options will have exploded in value.<\/p>\n

Onward and upward,<\/p>\n

Robert Williams
\nFounder, Wall Street Daily<\/em><\/p>\n

The post Anarchy in New York, Taxicabs Suddenly Vanish\u2026<\/a> appeared first on Wall Street Daily<\/a>.<\/p>\n

Article By WallStreetDaily.com<\/u><\/a><\/p>\n

Original Article: Anarchy in New York, Taxicabs Suddenly Vanish\u2026<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By WallStreetDaily.com Allow me to share an investment insight I recently received from self-made millionaire, Chris Camillo. Chris is the bestselling author who turned $20,000 into $4 million straight through the Financial Crisis, without shorting the collapsing housing market. Back in November, Chris invited me into his home to sit and chat. Knowing that all … <\/p>\n

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