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These are becoming more popular as this next bubble prepares to POP!
This will be another wave of news segments scaring property owners to run from companies offering this service?
There is help available for commercial property owners.
Thanks
http://www.RateMediate.com
Sold May $16 calls at $0.7 each. ACI is trading now at $14.80, which is right around my cost basis. So I wouldn’t mind if these shares are taken away from me at $16.70, and I also wouldn’t mind pocketing $0.7 for each share if ACI goes down temporarily (it is a good company and it won’t go down too much if the market takes a plunge, and will recover promptly when the market comes back to the current levels).
Certainly seem to be innovating in extreme ways in a valiant effort to assist the under served.
…
is this the time decay value of the option?
or because its options expiration or something to do with C’s earnings?
I see the $4 puts @ .20 and ask .22 on TD
-600 dollars at opening 🙂
The notes were just added.
..
I made the same observation a week ago. Melissa Lee is smart, competent and attractive.
But not everyone was born to host a television program. Ratigan had the gift; he could talk truth to you in a way that resonated, and he could also talk to you like a friend. That he is 38 years old is hard to believe, but whatever.
As you get older it’s like you can’t believe that the world is being taken over by all these whippersnappers:)
Asia attracting US dollar denominated treasury sales. Suggests that the greenback has got its back covered by other treasuries and investors. Nice rate of return. “JAKARTA – INDONESIA has sold US$650 million (S$976 million) of its first dollar-denominated sukuk, or Islamic bonds, on the international market to help cover a widening budget deficit, a senior official said on Friday. ‘The issuance was performed to meet our funding target for the 2009 budget, to diversify our funding instruments and widen the investor base for sukuk on the international market,’ finance ministry official Rahmat Waluyanto said. Mr Waluyanto said the five-year Islamic… Read more »
the 12.90, of course, was 2 hours ago.
Looks like the Europeans are happy to maintain status quo as well. “WASHINGTON – INTERNATIONAL Monetary Fund chief Dominique Strauss-Kahn on Thursday predicted the dollar would remain the world’s reference currency, noting its resilience amid the global economic meltdown. ‘I see no reason why the US dollar would not go on being the reference in the world,’ Mr Strauss-Kahn said in response to a question on the international monetary system at a forum in Washington. ‘There are many reasons to think that when the crisis is over we will still be in a system where the place of the US… Read more »
Bill, Remember when Sarbanes Oxley was passed, which rathceted up the truth meter on CEO’s, presumably. How come, in the face of all we are experiencing, all the fraud, all the mortgage mess and CDO shenanigans, how come I have NEVER heard of a Sarbanes-Oxley prosecution even being considered even though most of these balance sheets were, according to the definition of fraud, fraudulent? I know a guy who got screwdooodled by a states attorney general over ONE WORD in a fundraising letter. Instead of saying “we will”, or “we will try to”, this poor slob stated optimistically “we do”.… Read more »
Good morning. Sorry, a late night playing music has delayed today’s report.
Upgrade:
NOK – to Neutral @ JP Morgan
Downgrade:
JNPR to Hold @ Stifel Nicolaus
Price Target Raised:
SNDK – from $14 to $18 @ AmTech Research. Buy
Price Target Lowered:
GOOG – from $450 to $442 @ Jefferies & Co. Buy
It’s Friday. So after a BRILLIANTLY engineered selling oppty in C (Even I, who never trades premarket, tried to go short a Mercedes at 4.60 but discovered I could not sell short pre market, too bad, cause this garbage fell to the 3.80’s.
And I do mean GARBAGE! I only wish I had had the garbage so I could have sold it! And more!
C 3.72 now
Indexes are looking flat to slightly lower also.
GE just fell to 2.18 and still going down
GOOG 408.00 after earnings release now down to 383.30.
A possible volatile day on the horizon with option expiration.
It won’t. Dressing FOX in a pretty outfit doesn’t change the fact it’s the same old same old. Geez, it only took a couple months to reveal the right wing whackos on the fringe as their true nutty selves. At least the left knows how to protest and doesn’t get all flustered about littering laws during a Tea Party. RTR would have to write to King George to get a permit to throw tea in Boston Harbor. Was there even a central point to yesterdays tea bagging protest? I mean besides “We LOST”? How about RTR? They are as confused… Read more »
Interesting. Perhaps I do not know as much about them as I thought. You seem to know about a side of them I do not…maybe you could elaborate.
I did hear about somebody not being willing to dump tea in D.C., were they involved in this?
Addressing your point about ” thought we were asking for a brave NEW media, not the recycled failure of the old right wing political media. Afterall, if the right wanted us to be debt free and independent, they had the last decade to make it happen”.
How are they old right wing?
They have the exact same material as FOX, which is nothing more than trying to dress a wolf is sheep’s clothing. I love how they drive the country into the ground then suddenly they’re patriots….two months after getting their arse handed to them in the election. That’s not patriotism, it’s sour grapes and whining. What exactly is *new* about RTR that I can’t see on FOX or read in the Murdock Street Journal?? Heck, they even have FOX programming. What’s new? I agree on the need, but it has to be NEW and FACT based, not politically based. ALL of… Read more »
I will have to reassess my understanding of them…I do not like to think well of an entity when the opposite may be true. I will definitely find out for myself. Do you get your information from watching them or is it from edits about them? Sounds like it might be first hand.
Thanks for the input!
I would not be betting against financials or the market right now (even though I already did – too late, sadly) because I think they will rally them prior to the secondary offering. Once the secondary hits, I think all bets are off, and that’s when I (should have gone) short.
It’s not too late to take your bets off the table, take a walk, and put them back on during the offering(s).
Its always expensive to do that during premarket – I often regret things I do at premarket. The spreads are dreadfully wide. And I can’t clear out the puts until market open, where the volatility is crazy.
I mean, it doesn’t look horrible now. But half my bet is in SKF puts…
Hopefully the volatility works in your favor. Prices swing both ways, and any volatility adds to premiums.
Hehe sadly I wrote the puts… 🙂
Write a few more 😉
Dave- Drove to work, booted up the PC, and it looks like things are now going your way 😉
Yes its true, things are looking up. Not sure why. I am now waiting for the other shoe to drop. Really, I *know* about the fundamentals here, really, and I guess that’s a handicap sometimes when looking at the trade. Yesterday, for instance, I saw the market turn, yet I was stubbornly trying to find the top and short it, when I should have just turned around and gone long and made a bundle. And Bill said be nimble. I might as well have not read a thing he wrote for all the nimbleness I exhibited. EDIT: out of SKF… Read more »
Personally, staying away.
GE Reports 1Q Profit of $0.26 a Share Vs. $0.21 Estimate.
Citi Reports Loss of $0.18 Vs. $0.34 Loss Estimate.
should be an interesting open.
C
http://tinyurl.com/dch22v
GE
http://tinyurl.com/d5gf7l
C is up in Frankfurt.
May regret this C $4 put yet…
Don’t just hand over your dollars in the amateur hour.
C is the numero uno shorted stock, so not everyone can be wrong.
Les- If asked to bet, I would put chips on C below 4 by close.
2nd, I’ve betted and am thinking similarly.
yet would have been more comfortable now holding May straddles.
I’m looking for a big tug of war today. Financials up now – who’s gonna hold em for the weekend?
Les- It’s OpEx (options expiration) Friday today. (A day I don’t like to play.)
C $4.50 pre market in U.S.
GE also up but not much vol yet.
C’s not enthralling investors in Europe.
Up 20 euro cents earlier, now up 6.
big dive on earnings release.
http://money.cnn.com/quote/quote.html?symb=FTRV&si…
The market futures are negative, *again*. I think the market futures were negative at 9pm PST *every day* this week. This definitely does not feel like a bullish scenario. People are losing faith in this rally.
David,
Mostly cash here, but your right, the futures have dipped for the last few nights and the market still moves higher. Just wondering what’s your underlying premiss.
I’m just questioning whether we are creating scenarios to fit our expectations.
“I’m just questioning whether we are creating scenarios to fit our expectations.” I think that’s always the case. 🙂 I think that my observation about market futures being negative is similar in spirit to Bill’s observation that momentum indicators are diverging from the price action, which means that it will now be harder for this rally to proceed. Some positive surprises were taking the market higher mid-day for the past few days. This whole rally is due in part to positive economic surprises for the past 6 weeks (things not being as bad as was expected), as was noted in… Read more »
Interesting points, thanks. The only earnings news reaction that has surprised me were AA and MOS. It now seems like we are selling the news, as Bill has said. I guess what has surprised me is that peoples (investors not traders) expectations were that high.
I think the point is the expectations were not high, thus they were easy to beat. But now, having beat expectations, people will expect more of the same going forward. So now expectations are higher, and it becomes easier to disappoint.
Federal Reserve will purchase billions of 2 to 10 year treasuries over the next 5 months. America is now purchasing its own debt.
I think it’s a great idea and should be extended to the American public. We should be able to pay our credit card bills with the same credit card we use to purchase.
Jared Diamond 10/21/07
“Archaeologists studying the rise of farming have reconstructed a crucial stage at which we made the worst mistake in human history. Forced to choose between limiting population or trying to increase food production, we chose the latter and ended up with starvation, warfare, and tyranny.”
http://www.awok.org/worst-mistake/
Reflecting on today’s trading, I now realize I was too early with my SRS and SKF purchases. I’m gonna get out my tinfoil hat now. My premise is, the next bailout plan is to tap the equity market in secondary offerings. But everyone needs their time at the trough, not just Goldman. As a result, a priority is to keep “the market” in a more or less upward trajectory until such time as all the secondary offerings are executed. And that can only happen once earnings have been posted by all the banks. And Citi and GE come tomorrow. I… Read more »
In its latest attempt to restart financial markets, the Federal Reserve is weighing a twist in one of its rescue programs that it hopes will encourage investors to buy long-term commercial-mortgage-backed securities.
That news came out in the middle of the day and is what caused the SRS to tank
Earning reports begin with the first REIT, HCP on April 28..all reports will be in by May 5th
a link to this story: Fed http://www.reuters.com/article/governmentFilingsNe… “The Fed since Febuary has been analyzing appropriate terms and conditions for accepting commercial mortgage-backed securities (CMBS) and other mortgage assets as collateral for its Term Asset-Backed Securities Lending Facility (TALF).” But hasn’t TALF already proven itself a failure in the residential arena? edit: “By taking on these securities as collateral, the Fed can offer liquidity for new loans that frozen securitization markets are unable to provide.” So they’re gonna heap crappy, default prone commercial ‘legacy assets’ onto the taxpayer as well? Residential I could almost stomach since people need a place to… Read more »
Thanks guys, didn’t hear about the TALF bailing out CRE. I guess as Gilda Radner said, It’s always something, if its not one thing, it’s another. 🙂 I still stick with what I said though – about feeling that both news AND prices are being manipulated in a very heavy-handed way these days. The equity market seems to be the new designated bagholder for HB&B, and even though we don’t really want the bag, they are trying hard to devalue all of the other options out there. Its enough to make me go and demand delivery of some under-demanded silver… Read more »
davefairtex, Funny, I noticed the same thing about the Bloomberg spin. Particularly when Government Sachs reported blowout earnings. Their headline on the matter read: “Goldman Sachs to Sell $5 Billion in Stock, Repay TARP” then buried in the text of the “article” was this: The company said it earned $1.81 billion, or $3.39 a share, in the first quarter as a surge in trading revenue outweighed asset writedowns, beating the $1.64 estimate of 16 analysts surveyed by Bloomberg. AIG passthrough anyone? NOTHING TO SEE HERE FOLKS, KEEP MOVING. No question about the media being owned. We sure could use a… Read more »
I agree with the sentiment about needing a brave new media. Restore the Republic, named well, is one such media…it is gaining some traction. As far as bein mainstream, lets watch it grow and hope that it continues its upward path.
KC,
No question about the media being owned. We sure could use a brave network and some REAL journalists right now…
Right.
I’ve yet to see anything on the major networks or in our paper about Elizabeth Warren’s committee reports.
The average American only sees/hears what has been Pasturized and homogenized.
http://tinyurl.com/54qccl
CT on the dark side again.