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What in the heck is a "WREAK"??
$FXCM$
Ask your friend MJames what the outstanding on this stock is, or go to FXCM website and see how this company has set up its share structure. It does not really matter how you see it, it is what it is.
$FXCM$
This does not seem to be the case according to this Bloomberg article.
Rather this article suggests that FXCM ran trades through Citi instead of the other way around.
No, actually I am looking for the valuation used by Leucadia that made them decide that FXCM was a good risk. Don't care about Citi, their report is bogus. Leucadia is a pretty deep pockets company. I don't think they got those deep pockets by lending money to someone who is worth less than 1/3 of the loan value.
$FXCM$
I am out of posts until tomorrow...See ya.
Crusen, I thought you had left. You asked for questions. I asked one.
Answer???
$FXCM$
http://www.citifxpro.com/us/why-clients-choose-us
On their FX website, they say they have been trading currencies for over 100 years. Website does not mention running trades through FXCM. Also Citi is always listed as a big loser, right along with FXCM, losing about 200 million dollars in articles about Swiss franc mess.
$FXCM$
FXCM is not forgiving the big players/losers, of which Citi is one. Where did you find the info that FXCM was Citi's broker.
#FXCM$
OK. Care to answer the question I posed to MJames in post 7509? He hasn't responded yet. You guys are like peas in a pod...I'm sure you can answer for him.
$FXCM$
Left out Citi....One of the biggest. They lost almost as much money as FXCM on Swiss franc debacle.
$FXCM$
FXCM Holdings stock (35,700,000 shares) counts also.
$FXCM$
This sure looks like a whole lot of money that Leucadia has set themselves up to take out of a company that Citi has valued at $61,425,000. Since you are obviously more experienced in deciphering these deals than I am, perhaps you can explain.
$FXCM$
Last sentence..."metrics"...not familiar with the word. Is it a synonym for "agenda"?
$FXCM$
Found this on FXCM website.
Interestingly, they place the same value on FXCM Holdings shares that they place on FXCM Inc shares and include their value in market cap.
FXCM is publicly traded through the New York Stock Exchange, with a market cap of $1.3 Billion. Market cap was calculated at the close on September 30, 2014. This assumes the exchange of all FXCM Holdings LLC units on a fully diluted basis. With non-FXCM Inc. FXCM effectively has 81.9 million shares outstanding, 46.2 million shares outstanding at FXCM Inc. and 35.7 million FXCM Holdings LLC Units exchangeable 1-1 into FXCM Class A shares. The closing price on September 30, 2014 was $15.85. FXCM Inc. owns 56.4% of FXCM Holdings LLC.
http://www.fxcm.com/about/financials-performance/
$FXCM$
Maybe FXCM issues Preferred Stock to Leucadia for the 300 mil. Win-Win-Win deal. Leucadia owns a big percentage of FXCM for a fair price. Fxcm goes back to business and the share price goes back up...not to $17.00 but back up.
We make a bunch of money and cash out.$FXCM$
Just picked up 43 $4.00 Feb calls for .04 The ask was .05...filled at .04.
$FXCM$
"Statistically impossible" How so???
$FXCM$
This kind of reminds me of when GE dropped into the $5's in March 2009.
I threw every penny I could scrape up at it. Made a pretty big hit. Hoping to do the same again here.
$FXCM%
When I got in last Wednesday it was at .05 ask no bid. When that little run started I went up about 500% for a short while. I didn't sell, I'm looking for dollars. Seems very possible. $FXCM$
Also own controlling interest in UK institutional broker Lucid Markets.
$FXCM$
"Great gamble!" Exactly. Weighing my options (pardon the pun), I think that I will pay my mortgage.
$FXCM$
From my short term perspective (3 weeks) I think (and hope) that you. Citi and your hand picked team of analysts are dead wrong. Check out how CBOE is doing after a Citi downgrade in December.
$FXCM%
"There just isnt a very good reason to own this ticker anymore." Sure there is, .05 calls. This is a trade. Maybe one of the best I have stumbled on over the years....Potentially. Won't take long to tell who is right or wrong here.....you, or everyone else.
#FXCM$
How are you "Just trying to help people out." when you are telling people that this stock is going to $1.00? It barely hit $1.00 when the sky caved in on it, so why would it go to $1.00 when they are back on an even keel and operating as before. Not to mention the volatile currency market that exists
at the present time, which is very lucretive for forex companies....especially the largest retail forex brokerage in the world. If someone takes your advice and does not invest...if he/she is an investor; or does not take a trade or worse yet, buys puts, if he/she is a trader, they will be really bummed. You are not helping out anyone, you are doing anyone unlucky enough to believe you a disservice.
$FXCM%
Options are very unforgiving. If you are trading straight puts and calls, you have to be on the right side of the trade or you are screwed. Trading stocks...make a bad pick you lose some value/money. Trading options...make a bad pick and you lose it all...fast. Me, I'm riding my $5.00 calls. I hope you're right about how fast this goes up. All I need is .10 to be in the money.
Glad to see you here.
$FXCM$
Don't know if anyone here can match your criteria. You're obviously too sophisticated for this board. I think that you may just have to wing it.
GLTU
$FXCM$
"What's the max upside if you bought puts at .05?"
Doesn't matter, you didn't......But for the sake of this conversation, If you are talking about those $1.00 puts you are dreaming.
$FXCM$
"Simplistic" is great. Lots of people can't read charts. All he is doing is telling the story. Don't kill the messenger. Great service and I appreciate it.
$FXCM$
I see someone who bought $2.50 puts yesterday.
$FXCM$
"weak spike"??? So you decided to throw an oxymoron into the mix to see if we are awake?
$FXCM$
Looks like all the Feb 20 put options are taking a hit today. $2.50 is down
.10.....$10.00 per contract. $4.00 is worse and $5.00 is terrible. I'm baffled that anyone even owns the 4's and 5's. Go figure.
$FXCM$
That is exactly when I got in with my $775: when it "droppred" 90%. You should have finished school before you became a stock expert kid. Funny.
FXCM
So much for William Katz' ratings
Barrons article December 14, 2014
Citigroup’s Neil Stratton and William Katz reiterated a Sell rating on CBOE, and $54 price target. They note that while the deal will be beneficial to the stock, that’s not enough to change their bearish stance.
CBOE closed today at $64.00, a 20% premium to their target. Things are looking up for FXCM.
Exactly what I have. Picked up 10 today. I'm guessing you made some money last week. Now you're sitting on freebees. Nice.
$FXCM$
Thanks...$FXCM$
I am sitting on $5.00 calls at .08 My position goes into the money way before $5.00. I will take my chances with my call contracts that I paid $8.00 for over your puts that you paid $50.00 for.
$FXCM$
The bad news for this stock is almost two weeks old. No new bad news. From now on the news will be positive. You must really be burned that your $2.50 puts are languishing, I sure would be. You may make a little money here. You could have made some today early. That opportunity is evaporating. If this was going to .75 it would be heading there...but it isn't,
$FXCM$
"I never said buying puts moves the stock down." I wasn't saying that was what you were suggesting. I made that statement because a lot of people are not familiar with how options work. So...with no shares available to borrow to short that leaves market sentiment. Comparing call open interest against put open interest, it seems that market sentiment is with the bulls. Open interest in calls is over twice the open interest in puts. Volume on calls
today was over twice the put volume.
$FXCM$
I don't think that buying puts moves the stock down. That takes short selling or a serious negative market sentiment regarding the stock. The negative sentiment does not seem to be here or we would be much lower. There do not seem to be very many shares to borrow to short. Matter of time, we go up. Better sell those $2.50 puts while you have time. You don't seem to be the kind of trader who recently purchased those deep in the money $4.00 and $5.00 puts.
$FXCM$