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January 25, 2007
optionsXpress fills in the blank, Thurs., Jan. 25, 2007, 3:48 PM
Traders were wondering why, with RSI for Weekly and Daily well below 30, I was not making an Accumulation Zone recommendation on (Cara 100) optionsXpress Holdings (OXPS).
Let's just say I smelled a rat. I didn't like the way the stock was trading.
Today there was an announced take-over by optionsXpress of XpressTrade for $37 million of which 70 pct is cash and 30 pct is stock.
I hope the XpressTrade sellers get to enjoy their cheap OXPS stock. They don't even have to have their personal options back-dated.
Now the stock can trade higher. And I hope it does because it's going to stay in the Cara 100. What happened here goes on all the time on Wall Street. Nothing's changed. Nothing will change.
They don't call me the Rat Catcher for nothing.
Posted by Posted by Bill Cara on January 25, 2007 03:48:36 PM | Category: Cara Global 100 Best Companies
Discourse
bought some HL today at 6.89
ch
Glad your better Bill...green tea.
Posted by: zen_archer ![[TypeKey Profile Page]](http://www.billcara.com/nav-commenters.gif)
at
January 25, 2007 5:33 PM [link]
Over the time that I've read your blog, you've said "they don't call me ______ for nothing." quite often... how many nicknames have you acquired over the years???
I guess being skilled comes with its monikers :)
Glad to see your back and well enough to watch the birds of the sanctuary.
Posted by: Fazeli at
January 25, 2007 6:11 PM [link]
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Bill -- Glad you're back. Just don't overdo it! Please take it easier than you want to!
I spent time last week with a VERY sharp options trader who praised Options Express effusively. The market liked the acquisiion - or so it seems.
Posted by: Jock![[TypeKey Profile Page]](http://www.billcara.com/nav-commenters.gif)
at
January 25, 2007 4:42 PM [link]