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EBAY drops --- IMO the liquidity crisis at Janus Funds is bad for EBAY because Janus is so heavily invested in this stock -- bailing out is hurting EBAY badly
MSFT/Buy/Write --- Wrong
The sale of the 20 call will not work because the strike price is adjusted by reduction of the $3 special dividend to $17 and thus the stock will get called away from you for $17 not $20
Another very dumb hunch -- weakness yesterday on CPI leak
ELN now officially a monster
Zeev --- regarding Martha it may well be that the broker only told Martha as a "special" client and did in fact have other clients invested in IMCL which were not given the same news at the same time --- this is the type of embarrassing evidence which could come up at trial against Martha --- so Mr. Broker if you had 22 clients invested in IMCL why did only Martha sell on that day????
ELN's becoming a monster eom
ELN recent stealth gains becoming too obvious
ELN price getting healthier eom
EP on the rise again
Broke through 8 decisively
Now on the way to 12 - 15 range promptly
A heck of a value play - institutions are reloading
The assets are real
ELN getting "healthy" again eom
Apple music and competition
Thanks for the info --- hmmmm very interesting
AAPL surges on new music site revenue rush but there's no bar to competition here --- why can't the other industry members jump in and do the same thing ???
EP continues up up up ----
such a good value play it's behaving daily like a speculative play
EP up again as institutions are reloading
a great value play
EVOL hello 4.00 but lite vol
EVOL up up and away we go
new 52 week highs regularly
EP continues strong uptrend
Assets sales and liquidity on track
One heck of a great value play
EVOL new 52 week recovery high b/o
MO ia s great short here
No rabbits left in the hat for the near term
Nervous bondholders
More nervous shareholders
About to break below 28 today
What will the institutions do with this falling (former)angel?
Baghdad/Market Seige
This market has no upside at all while the Saddam strategy to force a Baghdad seige remains viable. The US is in a lose-lose situation where the necessary additional force and potential collateral damage to press for a quick win is politically unacceptable and the delay of laying seige to Baghdad to gradually win is equally unpalatable. The only way out of the predicament is to kill Saddam and the odds of that are longer than first imagined. The market is upset and will remain upset until a solution is found
EP --- institutions re-loading eom
Rhetorical question --- with Iraqi troops now on the move, what if U.S. special forces within Iraq fire off a few rounds (near misses) toward the US troops in Kuwait - thereby giving Bush the go-ahead without the messy UN complications? stranger things have happened and could happen --- anyhow just a thought
IMCL-- maybe I'm reading too much into the BMY earnings restatement announcemnet, but it seems IMCL has strengthened this morning from the fact that nothing negative was said about IMCL in the announcement and perhaps no further write-down as to the BMY investment in IMCL coupled with the recent $60 million payment by BMY to IMCL --- I think the IMCL shorts may be squeezed a bit here
GLW strong again eom
CYMI another sick puppy with a high P/E diet
MSFT is one sick puppy eom
Shorts to cover peace b/o
Assuming Saddam will really commence destruction of the missiles on Saturday -- I think we get a late day ramp today just like two weeks ago when the shorts covered to avoid a peace breakout over the three-day weekend
This continuing episode of possible peace by installments is quite a soap opera whichever way it ends ---- but I think the US and Iraq eventually get divorced and domestic violence breaks out in Iraq's house with predictably horrible results for one of the parites who will be horribly battered-- you can guess which one
CYMI institutions huge interest
-- the exit door is very small for all the institutions to escape the fire --- target very short term could well be mid 20's
QQQ hunch --- IMTO
Looks to me like QQQ could run up for three days perhaps to 25.50 range and then drop down to the maxpain 25.00 on Friday ---similar to last month's expiration on Friday 1/17 when maxpain tortured the option holders by closing near 25.00
MSFT and QQQ traders
You probably may already have this site, but if you wish to create and customize your own "basket" of representative QQQ stocks to monitor for daily trading trends, here's the site which has a breakdown of stocks and percentage components of QQQ
http://dynamic.nasdaq.com/dynamic/nasdaq100_activity.stm
MSFT and indices joined at the hip -- msft is key
It's very important to understand that the futures premiums play a large part in the daily gyrations of MSFT so that when the buy or sell programs are in effect or near trigger point MSFT directly spurts in the same direction
The big boys implementing the programs through buys or sales of baskets of stock have MSFT included necessarily because it is such an important segment of the basket. The QQQ is a perfect example where MSFT is about 12% of the whole QQQ
Whenever the futures premium gets close to positive and close to or beyond buy program trigger point MSFT flies upward --- it simply has to because all of the buy baskets include it --- and the opposite occurs when the premiums turn down negative and incite sell programs
I play QQQ options as day and swing trades and I am always following MSFT and futures quotes to monitor my trading position.
Interestingly if MSFT is out of synch with the futures premium trend then QQQ and other indices don't move along with the premium and a reversal of trend is soon likely to occur --- for example it is very hard to move the QQQ up during a buy program if MSFT is trending flat or down --- the 12% contratrend of MSFT weighs like an anchor on the index and prevents it from snapping along with the trend
In addition to MSFT I usually simultaneously monitor a mini-basket of MSFT INTC QCOM CSCO ORCL DELL and AMGN which in the aggregate comprise about 36% of the whole QQQ --- whichever way this basket is trending so goes the QQQ likely -- wihout having to worry about the other 93 stocks
Zeev --- re your comment on US going it alone and future relevance of the United nations (#76826) --- I agree but wish to point out that for the first time in the history of the world only one nation --- the U.S. ---- has military superiority over the entire world --- over the past decades we have kept the first rate war technology to ourselves and have delivered second rate technology to our friends (Israle and NATO) and allowed the rest of the world to have third or fourth rate technology at best. So we can now punish our enemies (such as the Taliban and Iraq) at "arms length" with maximum leverage and relatively minimal loss of our lives --- this does not eliminate the geopolitical issues but it makes our enemies and pseudo friends feel very paranoid and impotent--- this in turn leads to conversion of the U. N. into a debating society --- without leverage of the security counsel--- and results in the exercise of terrorism by our enemies as their only means to torment us ---a new and troubling world -- but sufferable without the concern of a true world wide war -- but just constant policing actions which try our patience and economic and political resources --- if France or others veto our war resolution at the U.N. we will in the future never pursue U.N. authorization for our "police" actions and the members of the security counsel will be left to individual diplomatic consultation over future world matters rather than U. N. debate ----- I could live with that --- because we would be dealing from a constant strong position on all diplomatic issues --- war is always a diplomatic tool and our superior war technology is the superior diplomatic tool --- perhaps arrogant but nevertheless reality
NVDA --- RMBS royalty may be only 2% rather than 3%----
I read somewhere a few weeks ago that the wierd $250 million agreement which INTC signed with RMBS may give INTC an interest in any excess royalties charged by RMBS above 2% and was by such means intended to protect and put a cap on royalties to be charged to the whole industry --- certainly wierd but as a practical matter very interesting
TXU shares purchased by Buffet may have been through exercise of 250 million of cv notes he purchased in Nov 2002 cv at around 13.75 I believe -------- the note purchasing group took down a total of 750 Million of cv notes inclusive of Buffet
sold qqq 22 calls for .80 profit
nice swing trade from yesterday
the shorts covered at days end obviously
all cash and looking for nice three day respite
More upside left today with 3 day weekend ahead I think the shorts will continue to cover and the hod for QQQ and other indices may come around 2 pm --- still holding QQQ 22 calls
Bought QQQ 22 calls at 23.46 level
Think there is a relief rally coming for the balance of today followed by week end short covering tomorrow --- maybe could take QQQ back up above 24 --- just a relief rally play in a downtrending market
MSFT below 46.50
Just stuck its toe over the 46.50 cliff again
MSFT recovered late day Tuesday
But if it falls down and stays down this afternoon the indices will take a hit
For example MSFT is about 12% of QQQ
MSFT plays at cliff's edge
Inching closer to 46.50
stuck toe over cliff yesterday
will it take the plunge today???
MSFT over the cliff???