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close over 6 would be nice
short interest tripled after he walked away. he seems like the type to proactively hold a grudge...
yep. i am sure IF Jcp needs liquidity somewhere down the road they will find it :) Its looking like they may not.
Gonna creep back off the 5s pretty fast I think. 1 good thing about being long is you never have to cover, so you can afford a little patience...
I think Nasdaq will post some short interest updates tomorrow.
there is an equation that determines option pricing, which takes into account variables like time and volatility so pricing isn't that straightforward. your option will lose some value as a function of time in the absence of significant movment. it is leveraged and the pricing can be extremely volatile. make sure you are comfortable with how they work before you trade, because they carry significantly more risk than the underlying security. can be a really powerful tool to use though as a hedge or leveraged exposure. earnings will probably provide an opportunity for a play one way or the other in the short term.
gap filled...
yep. 100M+ traded around $5 couple of days ago. how many of those shares were sold short you think? %of float is out of control. how many others waiting for a bottom conf to buy?
Ullman was the right guy for the job. He knows the company well and was able to stabilize the bleeding after Johnson, which he is doing. New blood will come in soon to pursue a more agressive shift to rebrand the name, at least on wallstreet imo. I also have seen a lot of ads on my facebook newsfeed for joe fresh recently (which looks like a line people will buy) and noticed a couple of national daytime talk shows filming makeover segments in their manhattan location during a walkthrough of a store. plus short interest seems irrationally exhuberant currently. Winning back their middle america customer base takes time, but seems to be headed in the right direction. good day today, tomorrow...
im in here at 5.53. short interest is too high. no bk. news cycle will turn soon.
going up soon. gonna be a good year.
I got 125s at 3:55 yesterday. Sold this morning for a nice gain.... Should have held. Of course then the gap would have filled. 2.72 yesterday. $20 today. Wow.
Whoa. Those 125 calls I got yesterday were a thing of beauty. Sold too early...oh well.
Gonna be a show one way or the other..
For your sake I hope it does. If so you will have a very small window before we head north, just like those 1.8s. If you scoop some 2.4, I will applaud you. Of course we haven't seen a hard pullback from 3.5 like we did from 2.5...
Anyway. We are all good here right now imo, play it as you see fit...
Not gonna see 2.43 imo. But that 3.45 was a good trade... buy em up if there is a dip and make some $.
That's not fair. Just because they spent a billion dollars to create a website that doesn't work, and people are being dropped from their health insurance coverage, and passing a budget that doesn't leave the nation on the brink of default is impossible doesn't mean that they are any less capable of recalibrating our entire housing finance system. Of course if they screw it up, our economy will collapse.....
I think that the wall street power brokers know that there is blood in the water. F and F are too important to haphazardly eliminate. The adults are stepping in to address the situation. Gov. is rapidly loosing any leg to stand on in terms of elimination, and does any politician really want to go head to head with then people that finance their campaigns....
Agreed, 2 days of huge gains and huge news. Profit taking to be expected given a 40% rise in a week. Not surprising. I think we could see a pullback to around 3ish lowest and then we head north in the very near future....
Not so sure about that. Been in for both "runs", and this feels very different IMO. Don't think we are gonna see the bottom fall out the same way on this one, gonna sneak its way higher while everyone is waiting....
Do you realize what the payoff for these funds is if they are able to stake claim to a controlling interest in the secondary mortgage market? The MBS TBA market of F and F is the 3rd largest financial market in the world, just behind government bonds of the US and Japan.
Haha...I think their goals may be a bit loftier than trying to scalp a bit of money from retail traders on ihub. They want the companies.
They are playing for keeps. Private capital stepping in big. We will see some volatility here, but this is a different breed of run from May....
Reminds me a little of the, slight pullback before it rocketed through 2 EOD a few weeks ago. Everyone waited to see if it would dip anymore, and then realized it wouldn't. Whole numbers are scary until they are a distant memory...
Last run up there were some huge intraday swings. It was trading around 1.9, and I had a limit order at 1.50. Went into a meeting came out 20 mins later and it was trading over 2, but my order had gone through. I had to go back to the chart to see what had happened on that spike down. I thought it was a glitch. Of course we have a lot more support in the 2s and 1s this time. And the narrative is more in our favor than it was then...
Eh. The game has changed. Corker said last spring he thought he only had a 5 month window to implement reform. That window is almost completely shut...
Corker just wants his name on a piece of major legislation. He wants to make a mark in his own self interest, so that people will talk reference "Corker-Warner" like Dodd-Frank, Glass-Stegall, etc. Problem is you can't legislate how private capital chooses to deploy. Private capital is saying that there is a better way that makes more sense and respects property rights. Of course, it means Corker looses credit for "fixing" the system....
Par value of $25 on Fnmas. Higher it goes more attractive the commons look for those wanting to get a piece of the action. Even under the worst case scenarios, which keep getting better, FNMA is way under valued….
Fnmas +.4 pre market too. Broke the 9s. Gonna be an interesting day...
Some will cry and scream publicly, but most will do whatever their owners tell them to do when it counts. All of their owners seems to be joining the same team.
Let's put this in perspective: Fairholme (mutual fund manager of the decade), Perry Cap. (Top hedge fund, powerful democratic supporter), Paulson and Co. (Top hedge fund), Barclay's (Lehman 2.0), Blackstone (the biggest), KKR, Carlyle, Ted Olsen/ Gibson and Dunn .....these are the masters of the universe with a plan and the capital to execute it.
Who do you think the men behind the curtain really are? What do you think the final outcome will be? Who will get what they want? Mark Warner? Jeb Hensarling? Or the people who run everything and finance all political campaigns. Based on all of recorded history I think I know the way this will go down...
Nice. Private capital back in the system...
2.46=1.64. totally, impossibly insurmountable until one morning bam, you are looking at it in the rearview....fast.
They are going to win. The government is trying to stealing equity plain and simple. It's criminal.
But Mark Warner said that any investment that doesn't generate a 30-1 return isn't worth talking about, now THAT's whining.....
Weird though. 2.40 was printing pre market at 8am. before Fred even released earnings. Crazy day one way or the other. Oh well, Fred net 0 finally here. Uncle sam just made 9 mil on the "bailout". More to come...
Fred hit net 0 on treasury draws. 71.345b paid, 71.336b drawn to date.
Fred hit net o on draws. 71.345b paid, 71.336b drawn to date.
...want to see a big # from Fred.
117.1b is the outstanding amount that they took from treasury. They have paid 114b
But when the gov. is in the green on their "investment", it sure does make those lawsuits seem even more justifiable. It's all positive...
Might wake up tomorrow morning with a big number from Fred. Could be the day that taxpayers start making a profit. Those could be good headlines....
Is anyone else concerned that the people who are discussing restructuring one of the most complicated and important financial markets in the world are the same ones who spent over a billion dollars on a healthcare website that doesn't work and that Mark Zuckerberg could have built in his dormroom. They will never pull it off....
Remember that magic # 1.89 that a couple of the most sceptical have called. Let's go ahead and take that out.