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PM Watchlist GREEN at EOD: ACLI +24.81%, CTIC +21.88%, ADCT +21.38%, IRSN +12.57%, VECO +9.29%, LCAV +8.12%, RINO +8.10%, DOW +6.15%, CTSH +6.08%, ITUB +5.83%, STD +5.43%, BBD +5.43%, VALE +4.57%, AIXG +4.49%, CERS +4.46%, GOLD +4.35%, ATPG +4.23%, BUCY +4%, DCTH +3.73%, S +3.99%, HAL +3.49%, CVH +3.48%, DVAX +3.47%, PBR +3.40%, FCX +3.38%, SIRI +4.14%, ASML +2.91%, JASO +2.75%...
These are the stocks I was tracking before the open, let's see which ones held up
>>BIDU $420 Puts +17.25$ ($11.35), $440 Puts +17.54% ($20.10)
BIDU $450 Calls $22.92% ($11.50)
I'm not playing, a little too rich for my blood, and I have done better on commodity and index plays than on earnings, lol. Even my lotto ticket earnings plays have disappointed, so I don't touch those
ICE $100 Calls +18.18%, $2.80, fwiw (eom)
>>FERTILIZER Stocks Call WATCH LIST: Look at the GREEN these guys can grow
(and also good on the downside)
Notable Calls TRA $35 Calls +250%, CMP $70 Calls +275%, AGU $50 Calls +89.66%
http://i46.tinypic.com/2d1tlra.png
>>AIRLINE Call WATCH LIST: Check this out
Calls are nestled under each ticker. If there are no options listed, it either doesn't have any, or they are not good for our traders (not enough vol, large bid/ask spread)
Calls up 80-600%, what a beautiful list..and people wonder why we like these. ATMs on almost a weekly basis (calls and puts), and UAUA is often one of the few stocks that has significant moves expiration week, fwiw
>>China's Military Urge Economic "Punch" Against US:
China PLA officers urge economic punch against U.S.
Chris Buckley
BEIJING
Tue Feb 9, 2010 12:00pm EST
BEIJING (Reuters) - Senior Chinese military officers have proposed that their country boost defense spending, adjust PLA deployments, and possibly sell some U.S. bonds to punish Washington for its latest round of arms sales to Taiwan.
The calls for broad retaliation over the planned U.S. weapons sales to the disputed island came from officers at China's National Defence University and Academy of Military Sciences, interviewed by Outlook Weekly, a Chinese-language magazine published by the official Xinhua news agency.
The interviews with Major Generals Zhu Chenghu and Luo Yuan and Senior Colonel Ke Chunqiao appeared in the issue published on Monday.
The People's Liberation Army (PLA) plays no role in setting policy for China's foreign exchange holdings. Officials in charge of that area have given no sign of any moves to sell U.S. Treasury bonds over the weapons sales, a move that could alarm markets and damage the value of China's own holdings.
While far from representing fixed government policy, the open demands for retaliation by the PLA officers underscored the domestic pressures on Beijing to deliver on its threats to punish the Obama administration over the arms sales.
"Our retaliation should not be restricted to merely military matters, and we should adopt a strategic package of counter-punches covering politics, military affairs, diplomacy and economics to treat both the symptoms and root cause of this disease," said Luo Yuan, a researcher at the Academy of Military Sciences.
"Just like two people rowing a boat, if the United States first throws the strokes into chaos, then so must we."
Luo said Beijing could "attack by oblique means and stealthy feints" to make its point in Washington.
"For example, we could sanction them using economic means, such as dumping some U.S. government bonds," Luo said.
The warnings from the PLA come after weeks of strains between Washington and Beijing, who have also been at odds over Internet controls and hacking, trade and currency quarrels, and President Barack Obama's planned meeting with the Dalai Lama, the exiled Tibetan leader reviled by China as a "separatist."
MILITARY SPENDING BOOST
Chinese has blasted the United States over the planned $6.4 billion arms package for Taiwan unveiled in late January, saying it will sanction U.S. firms that sell weapons to the self-ruled island that Beijing considers a breakaway province of China.
China is likely to unveil its official military budget for 2010 next month, when the Communist Party-controlled national parliament meets for its annual session.
The PLA officers suggested that budget should mirror China's ire toward Washington.
"Clearly propose that due to the threat in the Taiwan Sea, we are increasing military spending," said Luo.
Last year, the government set the official military budget at 480.7 billion yuan ($70.4 billion), a 14.9 percent rise on the one in 2008, continuing a nearly unbroken succession of double-digit increases over more than two decades.
The fresh U.S. arms sales threatened Chinese military installations on the mainland coast facing Taiwan, and "this gives us no choice but to increase defense spending and adjust (military) deployments," said Zhu Chenghu, a major general at China's National Defence University in Beijing.
In 2005, Zhu stirred controversy by suggesting China could use nuclear weapons if the United States intervened militarily in a conflict over Taiwan.
The United States switched official recognition from Taiwan to China in 1979. But the Taiwan Relations Act, passed the same year, guarantees Taiwan a continued supply of defensive weapons.
China has the world's biggest pile of foreign currency reserves, much of it held in U.S. treasury debt. China held $798.9 billion in U.S. Treasuries at end-October.
But any attempt to use that stake against Washington would probably maul the value of China's own dollar-denominated assets.
China has condemned previous arms sales, but has taken little action in response to them. But Luo said the country's growing strength meant that time has passed.
"China's attitude and actions over U.S. weapons sales to Taiwan will be increasingly tough," the magazine cited him as saying. "That is inevitable with rising national strength."
(Editing by Jeremy Laurence)
http://www.reuters.com/article/idUSTRE6183KG20100209
>>Calls slipping 25-50% into the last hour of trading: VALE $27 Calls .50c (HOD .71c), FCX $75 Calls $1.07 (HOD $1.50), EWZ $65 Calls $2.03 (HOD $2.55), DIA $100 Calls $1.75 (HOD $2.15), EEM $39 Calls .37c (HOD .48c), CENX $12.50 Calls .30c ask (HOD .40c)
Only UAUA calls pushing over HOD boooyah!!
LOTTO: SWC $12.50 Calls +0.0% ($.05 x .10)
If SWC runs 2 days, these could become frisky
But beware, also risky risky!
[chat]i50.tinypic.com/w9xlq1.png[/chart]
FUTURES: DJIA 10.076.85, GOLD $1,076, DXY 79.95 (under 80!), EUR $1.3778, NDX 1,756, PLATINUM $1,503, SPX: 1,071
SPY +1.35% ($107.33)
TBT +1.48% ($47.45)
XME +4.25% ($47.56)
SWC +6.47% ($10.53)
(NBG) Germany working on Greek rescue plan: reports
German government spokesman calls reports 'unfounded'
Feb. 9, 2010, 1:08 p.m. EST
By William L. Watts, MarketWatch
LONDON (MarketWatch) -- Berlin appeared to blink Tuesday as reports said the German government is working on a rescue package for debt-choked Greece, news that triggered rallies in stocks and the euro.
The Financial Times Deutschland first reported the news on its Web site and said the work on a rescue plan was confirmed by Michael Meister, deputy leader of the Christian Democratic Union/Christian Social Union in the Bundestag. Chancellor Angela Merkel's CDU/CSU is the senior partner in Germany's ruling coalition government.
Members of the CDU and the CSU parliamentary party are scheduled to meet Wednesday to discuss emergency financial support for Greece.
A German government spokesman subsequently described reports of an aid package as "unfounded," according to Reuters.
Earlier, a Reuters report cited a senior German ruling coalition party source as saying that euro zone countries have decided in principle to aid the debt-stricken nation.
And Olli Rehn, the incoming European economic affairs commissioner, told Bloomberg News in an interview published Wednesday that the E.U. offered the prospect of aid to Greece in return for progress in cutting the budget deficit.
"This will be further discussed in the coming days," he said, according to the report. "We are talking about support in the broad sense of the word. I cannot specify it now."
The reports boosted U.S. equities and lifted the euro /quotes/comstock/21o!x:seurusd (CUR_EURUSD 1.38, +0.01, +0.91%) above the $1.38 level versus the U.S. dollar. See Market Snapshot.
Credit-default swaps on Greece tightened dramatically, according to data from Markit. They dropped 80 points to 340, and are now less than three full percentage points higher than the equivalent debt of Germany.
In other words, the cost of insuring $10 million Greek government debt against default fell to $340,000 a year from around $420,000.
The U.S.-listed shares of the National Bank of Greece /quotes/comstock/13*!nbg/quotes/nls/nbg (NBG 4.05, +0.63, +18.42%) surged 17%.
Previous cold shoulder
German officials have in the past given the cold shoulder to talk of a Greek bailout, saying Athens must pay for past mistakes.
But some economists have argued that fears of a full-blown debt crisis within the 16-nation euro zone could prompt action by the European Union. The euro has plunged since December as debt worries in the southern euro zone mounted, sending the single currency to an eight-month low versus the dollar last week. See Greece topics page for more coverage.
The Greek government is implementing an austerity program designed to bring its budget deficit down from nearly 13% of gross domestic product in 2009 to less than the 3% E.U. limit by 2012.
The European Commission, the executive arm of the E.U., gave the plan a qualified endorsement, vowing to closely monitor Athens' efforts.
The aggressive measures, including public sector pay freezes, have met stiff resistance from public sector unions. Meanwhile, sovereign debt fears have spread across the southern euro zone, including Portugal and Spain.
European Union leaders are set to meet Thursday in a previously scheduled meeting to discuss the economic outlook, but Greece is expected to be at the top of the agenda.
The euro rebounded and financial markets reacted early Tuesday after it was learned that European Central Bank President Jean-Claude Trichet was leaving a meeting in Sydney early to fly back for the E.U. meeting.
The ECB downplayed the significance of the schedule change, saying Trichet had long planned to attend.
William L. Watts is a reporter for MarketWatch in London.
http://www.marketwatch.com/story/germany-working-on-greek-rescue-plan-reports-2010-02-09?siteid=yhoof