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Twtr 1.00+
OptionsHouse Follow Alert: GOOGL: Hearing Unconfirmed Market Chatter of Potential Google Stake in Twitter.
Just bought in LNKD, looks primed and ready
Twtr googl stake unconfirmed rumor
Insane. Was going to open a position at the open. Crazy
I agree.. Very annoying and by the looks of it, uncertainty will continue into the week. So much for sunday deadline in or out. Makes trading very tricky.... And its hard enough already lol.
Tsipras, Merkel, Hollande and Tusk hold meeting
As I type, Donald Tusk, Alexis Tsipras, Angela Merkel and Francois Hollande are holding a top-level meeting to discuss the proposals.
Greek parliament may have to pass legislation this week to seal a deal (if they get that far). Just speculation based on reports. Who knows how that would go if its required and how the markets would take it. That would probably be largely dependent how the many parts of greece react to everything. Who knows.
Dijsselbloem: We've come a long way
Jeroen Dijsselbloem, head of the Eurogroup, has been whisked from one meeting to the other.
Arriving at the summit, he says:
We have come a long way, solved a lot of issues, but some big issues still remain.
So we will brief the leaders and they can decide on those last issues, Dijsselbloem replies.
And then he vanishes into the Summit, closely followed by Mario Draghi - who gives the camera a winning smile but doesn’t stop to chat. Disappointing.
Last Updated: 10:15 EDT Sunday, 12 July 2015
9m ago
Lets get back to some normalcy. Get greece out of the way.... China potentially stabilized thanks to their govt crazy controls lol... Lets focus on earnings season
Itll happen today. Or at least the main framework.
Leaked! Eurogroup draft statement pushing for more austerity
Hat-tip to Reuters, who have got hold of the draft statement drawn up by eurozone officials last night.
It’s not the final agreement -- more like the starting point for today’s meeting.
It shows that the eurozone has demanded even deeper measures from Athens, which Euclid Tsakalotos has apparently acceded to.
It includes getting Greece’s primary budget surplus up to a chunky 3.5% in 2018, rigorous labour market and pension reforms, a more solid privatisation programme with “improved governance” (does that mean external ‘assistance’?)
Here’s the list:
Eurogroup draft on demands for Greek reforms
And it says that “The Eurogroup thus welcomes the additional following commitments of the Greek authorities on the basis of a clear timetable”:
fully comply with the medium-term primary surplus target of 3.5 percent of GDP by 2018, according to a yearly schedule to be agreed with the institutions;
carry out ambitious pension reforms and specific policies to fully compensate for the fiscal impact of the Constitutional Court ruling on the 2012 pension reform and to implement the zero deficit clause;
adopt more ambitious product market reforms with a clear timetable for implementation of all OECD toolkit I recommendations, including Sunday trade, sales periods, over-the-counter pharmaceutical products, pharmacy ownership, milk, bakeries. On the follow-up of the OECD toolkit II, manufacturing needs to be included in the prior action;
on energy markets, the privatization of the electricity transmission network operator (ADMIE) must proceed, unless replacement measures can be found that have equivalent effect, as agreed by the institutions;
on labor markets, undertake rigorous reviews of collective bargaining, industrial action and collective dismissals in line with the timetable and the approach suggested by the institutions. Any changes should be based on international and European best practices, and should not involve a return to past policy settings which are not compatible with the goals of promoting sustainable and inclusive growth;
fully implement the relevant provisions of the Treaty on Stability, Coordination and Governance in the Economic and Monetary Union, in particular to make the Fiscal Council fully operational;
adopt the necessary steps to strengthen the financial sector, including decisive action on non-performing loans, transposition of BRRD and measures to strengthen governance of the HFSF and the banks;
develop a significantly scaled up privatization program with improved governance. A working group with the institutions shall provide proposals for better implementation mechanisms;
amend or compensate for legislation adopted during 2015 which have not been agreed with the institutions and run counter to the program commitments;
implement the key remaining elements from the December 2014 state of play of the fifth review of the second economic adjustment program.”
This is all in addition to the original plan, so tricky for Athens to commit to and achieve.
But Paul Mason, the Channel 4 journalists with close links to Syriza, reckons a deal is possible on these terms.
Got cancelled due to the length of time expected the EU meeting will need. Deal gets done today imo. At least in a framework. They wont let putin get involved if grexit.
Greek talks not going well so far.
Would think given the environment, yellen will be dovish... Imo. Going to grab some weekly spy calls soon.
I bought some .03 124 aapl this morning. I think 125 might work for you. With yellen and more greece updates possible... Still catalysts to move market more
This makes no sense imo. NFLX: Wedbush Maintains Underperform On Netflix, Sees 58% Downside From Here.
I concur. Spy chugga chugga, come on keep going. Wish it was 930. Shoot what time is it. Amazing how little sleep you can function with when you have no choice.
NFLX: Morgan Stanley Raises Netflix Target to $750 Ahead of Q2 Results, Sets New 'Bull-Case' Scenario $940, Reiterates
If they keep acting like they have the upper hand and have leverage and their proposals reflect that... Then time to start printing drachmas
Concrete proposals expected from greece in couple hrs. Commentary thereafter could produce some significant volativity here eod. If received before markets close.
Spy whoa
Paypal PYPLV trading, the when issued shares
Was up 1.12 at one point
FB could see 90 this week imo if greece cooperates
SPY rolling AH
FB green
Vanoufakis out... Futures rebounding. Nice, the headlines that come out at 2am when your up with your 8 month old screaming daughter lol
Yanis is completely delusional.. Speaking to CNBC, Greece's Finance Minister Yanis Varoufakis said that if there was a "no" result—which he has been campaigning for— the government would be able to get a deal with lenders in 24 hours.
Voting closed.. Early reports of polls with no in the lead. Not sure why ill be surprised.... Poor decisions got them in this mess.. Not sure why i expected them to do the logical thing now.
Sales process stopped, ceo changed mind
Good idea... If it dips tomorrow I may grab some aug.
Bought GREK july 11 calls for .95 and 1.00... Going to open spy puts for bit of a hedge. Insane i know but didnt buy a lot and risk/reward i felt was worth it. I dont see the people voting no. Polls in favor so far... Not by a ton but still in favor. Hopefully doesnt change
Anyone playing GREK? Talk about speculative
Question jb, upb or anyone.. Do you know how the ebay repricing will occur at the paypal split. Need to be holder on 7/8 or 7/9 to get paypal share and them the split is later in july. Im thinking some selling pressure after the paypal share deadline but not sure how repricing is handled. Thanks appreciate it
Id be shocked if greece actually exited... Shocked... Tsipras punting the decision to the vote saturday. The vote will be yes and theyll stay, markets rally next monday..... Or the exact opposite happens and im completely wrong.
Going to look at SPY straddle or strangle tomorrow expiring next week. That way gets the vote (hopefully yes) or other good news and try to profit off both ends of the play.
Could delay a sept hike... And maybe a 2016 one... We've delt with an elevated dollar (to a degree)... We know how thatlooks, havent had rate hike in 200 years. Maybe the thoughtof greece helping a hike delay can help soften the downside
I just have some hlf puts expiring this week and fb calls in 2weeks.. Thankful thats all i have... The 2 should even themselves out.
A hedge