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or you 40 years ago?
lol!
hey...why is jimmy buffett's picture in your profile?...
hahaha
Outed RIG calls at a 4 bagger....bought MON 52.5 calls for OCT....EA and divvy next week...also dropped big the last two days...fingers crossed
my rig calls up 200% today...3 weeks til exp....YAY!
not where I live you old hippie
break a sweat?....hard to...sitting in a rocking chair with a big doobie in one hand all day
hey old timer...I hear you all are going to finally "legalize it" in november
k...lol...thx
whats the deal with yrcw?.....I saw it was up...news?..I didn't look
dont really know yet..friends are playing MOS because of the whole POT buyout.agriculture run....
I'm watching oil here around 77..looking for a move up..thinking about USO calls
I have RIG calls...but they have had it pegged at the 60 strike for almost 2 weeks...we'll see if they let her run this week...
how about you?
lol
gm kiddies...Im back to trading....GL to all today
European Shares Advance on M&A News; Unilever Up
Published: Monday, 27 Sep 2010 | 4:55 AM ET By:
European equities extended the previous session's sharp gains on Monday, with food and beverages shares featuring among the top gainers on news that Unilever is to acquire a U.S. company for $3.7 billion.
The FTSEurofirst 300 index [.FTEU3 1078.3 0.15 (+0.01%)] of top European shares was up after gaining 1.2 percent on Friday.
Consumer goods giant Unilever [ULVR-LN 1837.00 44.00 (+2.45%)] rose 2.8 percent after the company said it agreed to buy United States-based hair care group Alberto Culver[ACV 31.48 --- UNCH (0) ].
In other news, a source said on Monday that China's Bright Food Group would explore the purchase of Britain's United Biscuits, a deal that at roughly $3.2 billion would be the largest ever international purchase by a Chinese company in the food and beverage sector.
The STOXX Europe Food and Beverage index rose 0.8 percent, while Pernod Ricard, Orkla and CSM advanced 0.6 to 2.3 percent.
"We are now seeing a lot of corporate activity. I don't think we would see this unless there was a certain degree of confidence that the outlook was reasonably promising," said Mike Lenhoff, chief strategist at Brewin Dolphin.
"If you look at the overall background, we have got interest rates likely to remain where they are in the major economies for a long period of time, we have got a recovery that is underway and is likely to be sustained, and the underlying tone of some of the newsflow is strong."
On Friday, better-than-feared U.S. macro economic data helped the European stock market snap a three-day losing run.
Figures showed new orders for long-lasting U.S. manufactured goods excluding transportation gained ground last month while business spending rebounded.
Technical Outlook Improves
Technical picture also improved after recent gains in share prices. The Euro STOXX 50 [.STOXX50E 2789.88 -2.87 (-0.1%)], the euro zone's blue chip index, rose to hover above its 200-day moving average of 2,776.09.
The index faces strong resistance at 2,805.95 points, which represents the 61.8 percent Fibonacci retracement of a slide from an April high to a May low, as well as at 2,827.44 points, a six-week high hit last week.
Miners were among the top gainers on hopes that a global economic recovery will boost demand for raw materials.
The STOXX Europe Basic Resources index was up 0.7 percent. BHP Billiton, Anglo American, Antofagasta, Rio Tinto, Xstrata and Eurasian Natural Resources [EURNF 13.8 --- UNCH (0) ] all rose.
Nestle [NSRGY 53.5 --- UNCH (0) ], the world's biggest food group, was up 0.5 percent. The company is creating a new unit to focus on healthcare nutrition, underlining the group's focus on the profitable health and wellness area.
But AstraZeneca [AZN 52.69 --- UNCH (0) ] fell as its experimental prostate cancer pill zibotentan failed to improve survival in a late-stage clinical trial, dealing a fresh blow to the company's oncology pipeline.
"This news extends a period of poor results for AstraZeneca's oncology franchise with Zactima and Recentin failing to live up to expectations," said Brian White, analyst at Shore Capital.
"Despite consensus forecasts suggesting 2015 sales in excess of $500 million on a non-risk adjusted basis and some excitement (elsewhere) in the investment community about the potential for zibotentan given its novel mechanism, we felt that this was a high risk approach."
thx....you too
Asian Stocks Climb, Nikkei at 5-Month High
Published: Monday, 27 Sep 2010 | 3:35 AM ET
By: Reuters with CNBC.comDiggBuzz FacebookTwitter More Share
Asian stocks climbed on Monday, strong gains in U.S. stocks Friday drove Wall Street higher for a fourth straight week.
Stocks closed higher for a fourth straight week Friday, extending a September rally with huge daily gains fueled by optimism over the future direction of the economy.
The FTSE CNBC Asia 100 Index [.FTFCNBCA 6463.8 90.59 (+1.42%)] of bluechip stocks is up 0.8 percent.
Japan's stocks finished 1.39 percent higher, led by chip-related stocks and exporters. But market players said further rises would be held in check by the yen's continued strength against the dollar.
Shares in consumer lenders plunged after media said struggling consumer lender Takefuji is making final preparations to file for bankruptcy protection from creditors, crippled by the reimbursement of overcharged interest.
Analysts have warned that Takefuji could struggle to survive given that it does not have the financial backing of a major bank like competitors Acom and Promise.
Acom sank 11 percent to 1,329 yen and fellow consumer lender Aiful nosedived 20 percent to 92 yen. Trade in Takefuji shares was suspended by the Tokyo Stock Exchange.
The benchmark Nikkei [JPY=X 84.21 -0.11 (-0.13%)] rose 131.47 points to 9,603.14, set for its biggest monthly gain since March with a rise of some 8.8 percent. But it is up only some 2.4 percent on the quarter.
The broader Topix climbed 1.3 percent to 849.30.
Exporters climbed broadly, boosted by the Wall Street rise, with Canon gaining 2.5 percent to 3,885 yen and Honda Motor up 2.8 percent at 3,015 yen.
Commodities-linked firms climbed after metals gained broadly on Friday, when oil rose strongly as well. Mitsui & Co gained 3.3 percent to 1,247 yen and Mitsubishi Corp rose 3.2 percent to 1,977 yen.
The South Korean market gained ground as rallies on Wall Street improved sentiment and continued to attract foreign investors to pick up shares.
The Korea Composite Stock Price Index (KOSPI) [KR;KSPI Unavailable ()] ended up 0.77 percent at 1,860.83 points.
The South Korean won hit the highest level against the dollar in more than four months on Monday
Crude refiners were boosted by the stronger won, which renders the cost of importing crude oil cheaper. S-Oil rose 1.6 percent and GS Holdings firmed 1.0 percent.
Airlines and tourism issues likewise outperformed amid expectations a stronger local currency will increase demand for overseas tours.
Korean Air Lines added 5.4 percent and Asiana Airlines soared 7.7 percent.
Hyundai Engineering & Construction Co surged 4.9 percent, continuing to ride higher on expectations of its imminent sale.
Shareholders of Hyundai Engineering are scheduled to receive preliminary bids for their $2.1 billion stake in the builder by October 1.
Hyundai Motor plans to disclose its decision to bid for Hyundai Engineering, according to a company executive who declined to be named.
But the automaker's shares fell as much as 1.9 percent after news of a recall of about 139,500 Sonata sedans sold in the U.S. due to problems with the steering wheel that could cause a loss or reduction of control.
Shipbuilders rallied amid strengthening hopes for new orders, analysts said. Daewoo Shipbuilding & Marine Engineering rose 4.7 percent and Samsung Heavy Industries firmed 1.9 percent.
Australian stocks closed 1.6 percent higher in a broad rally led by gains in banks and miners such as BHP Billiton, which hit a six-week peak.
BHP rose 1.5 percent to A$39.66 while rival Rio Tinto rose 2 percent to A$77.15, a fresh five-month peak.
Investors were encouraged as copper surged to five-month highs, gold touched a record above $1,300 an ounce and Wall Street notched up a fourth straight week of gains.
Among the lenders, Australia and New Zealand Banking Co climbed 2.5 percent to A$24.20.
Australia's benchmark S&P/ASX200 index [AU;XJO 4675.365 73.50 (+1.6%) ] rose 73.4 points to 4,675.3 after ending Friday at its lowest level in two weeks.
New Zealand's benchmark NZX 50 index rose 0.8 percent to 3,239.1.
Iron ore miner Murchison Metals closed 10 percent lower, paring losses after the iron ore miner denied a report that partner Mitsubishi Corp would pull out of their joint venture in Western Australia.
LNG rose 4.5 percent to A$0.465 after it said it was studying the possibility of a new liquefied natural gas project in northern Queensland state, using gas from partner Metgasco, which rose 3.4 percent to A$0.46.
ASX gained 3 percent to A$33.70, taking its September gains to 15.8 percent as investors bet conditions were turning around for the exchange.
Wesfarmers added 2.2 percent to A$34.49. The conglomerate revealed plans to invest more than A$600 million ($576 million) to expand its Bunnings hardware retail chain in the country's most populous state.
Taiwan shares advanced 0.4 percent, as a surge on Wall Street sparked investor optimism of
better prospect for technology exporters
The world's top contract chip maker, TSMC, rose 1 percent, following a 3.3 percent rise in its ADRs on Friday.
HTC added as much as 1.4 percent before ending down 0.3 percent. Local media reported that it is set to launch its first 4G models using LTE technology.
The main TAIEX share index [.TWII 8191.54 24.9199 (+0.31%)] closed 24.92 points higher
at 8,191.54.
China's key Shanghai Composite Index [CN;SHI 2627.9666 36.4165 (+1.41%)] advanced 1.4 percent, near a two-week closing high, buoyed by strength in overseas markets last week.
Gold miners rallied on the back of record high gold prices. Zhongjin Gold was up 4.3 percent, Henan Yuguang Gold & Lead surged 10 percent and Shandong Gold Mining advanced 4.9 percent.
Hong Kong stocks rose to an eight-month high, helped by that strong rally on Wall Street and as local property plays continued their strong run.
The benchmark Hang Seng Index [HK;HSI 22340.84 221.41 (+1%)] jumped 1.28 percent to 22,401 points.
Low interest rates and expectations for further appreciation in the yuan, which makes Hong Kong dollar-denominated assets cheaper for mainland investors, were likely to continue attracting funds into the local housing market, said analysts.
Sun Hung Kai Properties rose 3.8 percent, while Li Ka-shing-controlled Cheung Kong (Holdings) gained 3.5 percent to a more than two-year high.
Shares of Hong Kong Exchange gained 2.8 percent to HK$152, supported by news on Brazil's Vale. The world's largest iron-ore producer said in regulatory filing that it planned to list shares in Hong Kong in the form of depositary receipts.
In Southeast Asia, Singapore's STI [.FTSTI 3113.46 20.78 (+0.67%)]and Malaysia's KLCI [MY;KLCI 1464.71 13.52 (+0.93%)]both gained ground.
Copyright 2010 Thomson Reuters. Click for restrictions.
back to ft trading again....starting today :)
Oil 76.76
Djia futures +15
GM lady
thx....have a great weekend...
hey...how have you been...
I've been busy with school and graduating the last few months so haven't been around. What are your views on RIG in the near/medium term.I would appreciate your opinion.
I'm just now gettinmg back into trading and am thinking about taking bullish options positions on RIG.
thx for any guidance you can lend...
RIG calls looking nice...october 70's anybody?
Oil 76.29
RIG USO up nice day today.....
Table Of 20 Largest U.S. Cos. By Market CapitalizationLast update: 9/8/2010 11:54:59 AM
Data as of close on September 7, 2010
Company Ticker Market Cap
($in billions)
Exxon Mobil XOM 308.31
Apple Inc. AAPL 235.53
Microsoft Corporation MSFT 207.34
Berkshire Hathaway BRK.A 200.00
Wal-Mart Stores WMT 188.59
Procter & Gamble PG 170.64
General Electric GE 165.07
Johnson & Johnson JNJ 161.69
AT&T Inc. T 161.14
Int'l Business Mach. IBM 158.86
Chevron Corporation CVX 154.92
JPMorgan Chase JPM 151.79
Google Inc. GOOG 148.01
Coca-Cola Co. KO 133.09
Bank of America BAC 132.55
Pfizer Inc. PFE 131.27
Wells Fargo & Co. WFC 130.42
Oracle Corp. ORCL 121.96
Cisco Systems Inc . CSCO 117.54
Merck & Co. MRK 108.99
OIL FUTURES: Crude Slightly Higher, Boosted By Equities: 9/8/2010 11:50:57 AM
By Jerry A. DiColo
Of DOW JONES NEWSWIRES
NEW YORK (Dow Jones)--Crude futures aimed higher Wednesday as investors returned to equities and other riskier assets on subsiding concerns about the global economy. Light, sweet crude for October delivery recently traded 47 cents higher at $74.57 a barrel on the New York Mercantile Exchange. Brent crude on the ICE futures exchange traded 21 cents higher at $77.97 a barrel. Oil prices had fallen for the past two sessions, slumping amid concerns about a glut of oil in the U.S. and a sluggish economic recovery that shows no signs of reducing the high supplies. After starting Wednesday in the red, futures gained some traction with the help of the U.S. stock market, which has led oil in recent months as a proxy for future economic growth. The Dow Jones Industrial Average was recently up 65 points to 10406. "We've been in a fairly narrow range here over the last 10 trading days, and I think the market is awaiting some further impetus that will break us out one way or the other," said Andy Lebow, an oil analyst with MF Global. "If the equity markets can sustain some momentum, that will help." Economic data last week provided some modest optimism on future oil demand as a report on U.S. manufacturing showed continued growth and the monthly jobs report was better than anticipated. But new worries about the strength of Europe's financial system cropped up this week after a Wall Street Journal analysis of the problems with stress tests on European banks. Meanwhile, commercial stocks of oil and fuel products remain at 27-year highs, and data due 10:30 a.m. EDT Thursday from the Department of Energy is expected to show a further build. The department's Energy Information Administration is expected to report crude inventories rose by 300,000 barrels in the week ended Sept. 3, according to a survey by Dow Jones Newswires. Gasoline stocks are expected to show a modest 600,000-barrel drop, while distillates, which include heating oil and diesel fuel, are seen rising by 400,000 barrels. High supplies and an uncertain economic outlook have kept crude prices from pushing above the recent trading range between roughly $70 and $80 a barrel. But traders are wary of moving much lower either, particularly amid an Atlantic hurricane season that could quickly reduce stockpiles should a storm affect Gulf of Mexico oil producers. "The market is building up energy to make an assault on either side of the range," said Gene McGillian, a broker and analyst with Tradition Energy. "The signals from the economy are going to give us a better idea of what side it's going to come down on... but until we see signs these record inventories we have are pared back, I'm more inclined to think we have more of a chance of testing the downside." Front-month October reformulated gasoline blendstock, or RBOB, recently traded 0.96 cents, or 0.5%, higher at $1.9425 a gallon. October heating oil recently traded 0.50 cents higher at $2.0793 a gallon. -By Jerry A. DiColo, Dow Jones Newswires; 212-416-2155; jerry.dicolo@dowjones.com. (END) Dow Jones NewswiresSeptember 08, 2010 11:50 ET (15:50 GMT)
S&P Cuts Transocean Inc. Rtg To BBB From BBB+; Off Watch; Outlk Neg
Oil 74.55
Djia +72
US Job Openings Up Slightly In July, Hiring Rate Steady
9/8/2010 11:18:32 AM
By Darrell A. Hughes
Of DOW JONES NEWSWIRES
WASHINGTON (Dow Jones)--The total number of job openings in the U.S. increased slightly in July while the rate at which workers were hired held steady. Total job openings rose by 2.3% to a seasonally adjusted 3.04 million in July, according to the U.S. Labor Department's Job Openings and Labor Turnover survey released Wednesday. The survey also found the hiring rate for nonfarm jobs was unchanged at 3.3%. Overall, the increase amounted to 178,000 openings, with gains in manufacturing, hospitality and professional and business services leading the advance. T. Rowe Price Associates Chief Economist Alan Levenson said the data support "the expectation of continued forward momentum in the recovery of nonfarm payrolls, in which the pace of monthly job growth rises over time." About 4.2 million workers were added to payrolls in July, but that is below the five million mark seen at the onset of the recession in December 2007, according to the survey. Turnover, which includes layoffs, voluntary separations and retirements, was little changed for the private sector from June to July. Turnover in the public sector, however, decreased. The survey follows a slight uptick in the unemployment rate, which rose to 9.6% in August after holding steady at 9.5% the previous two months. But the employment report last week also showed private-sector companies added 67,000 jobs, following an upwardly revised 107,000 gain in July. Government employment, which includes state and municipal jobs, fell 121,000 in August. The declines were a result of 114,000 temporary census workers being let go, along with position cuts by state governments, which are facing budget pressures. -By Darrell A. Hughes, Dow Jones Newswires; 202-862-6684; darrell.hughes@dowjones.com (END) Dow Jones NewswiresSeptember 08, 2010 11:18 ET (15:18
Oil 74.68
Djia +84
good to hear...
man...oil breaks 74.50 then BOOM the sellers whack it down.....bounce time
you still a FT trader?
how's the wife.......??
thx...
good...you guys tearing 'em up here?
graduating..lol....busy with some real estate properties here in baltimore....also applying to do more graduate work in anesthesia..
long a bunch of USO 35 calls for sept here....
GM all
"the good old days"
are you fogies done reminiscing?.......
j/k
hey...I'm going to be back trading within two weeks....but strictly options....GL to all
lol
the town councilman from haight-ashbury
well you live in san fransisco....where that IS normal...
lol