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Consolidating here before the next move lower. I expect the stock may see a bump back up to the $290-300 range where I will enter with another large short/put position. Tesla is currently on life support. I seriously do not see the company avoiding a bankruptcy filing much longer. Apparently a lot of folks do not realize the damage that will come from Tesla's announcement to close all of its stores. They are on the hook for about $1.2 billion in lease payments on those stores this year. I don't believe those landlords are just gonna let that go. Demand for EV's is not growing as fast as Enron Musk would have folks believe. It has actually been decreasing. ICE cars are still much more reliable than any EV on the market. Add all this to the mounting debt at Tesla and the outlook is bleak at best. Good luck to all of you.
ELON= Every Long Out Now
Was wondering the same thing. New to this board and simply looking to elevate my options trading.
And I think you are being generous.......This is BBRY's last shot and I agree with your assessment. They have nothing to pull anyone away from the awesome Samsung, Apple, and other great phones out there.
I love my Samsung GS3. It is an awesome phone. BBRY wont be able to touch it.
They actually worked out quite well, and each time it has ran up to $8.00 during the time since my last post, I re upped and profited again. Thanx for being concerned!!!!!!!
Yes but this is going way down today.
Open $2.19 and then lower from there!!!!!
The only thing I am going to watch today is the stock price tumble. But thanx for your input.
LOL! Greed is not going to change the fact that Sprint clearly has no intention of buying Clearwire at this time. That does not mean up. That means down. I am sure you will have an excellent opportunity to average down around $1.50.
Weeeee...My $3 puts looking B-E-A-utiful this morning. I fully expect this to fall back under $2.00 today. Everyone should have seen this coming and your opportunity to exit was yesterday on the run to $2.96.
In addition, the deal between Sprint and Softbank isnt expected to close until mid-2013, so I wouldnt be expecting anything between Sprint and CLWR until then.
Being Clearwire is not officially part of any deal, I'd say be looking for a sell-off in the next day or 2. I see this back at 1.75-2.00 until any official deal is announced. After hours made my 3.00 puts look really nice today!!!!!!
CLWR will go back down this week, IMO. The deal does not mention Sprint needing to buy them for deal.
Only 55% of existing shares are worth $7.30. The remaining shareholders get new shares in the new company. I am sure retail investors wont get that $7.30. That will mostly go to institutional investors.
Notta. I m a put buyer tomorrow.
And I tend to lean to Kramer's thoughts. This deal could be just a lot of smoke and mirrors. I believe CLWR is a sell tomorrow
Actually I will play the 9.50's on a run up past 9.50 and then play the 9.50 puts for next week, because I believe BAC is going to have not so great earnings
If we see strong results out of Wells Fargo and JPM tomorrow morning, I believe it will pull the banking sector up with them. I will be closely watching for a break of 9.50 and if so, play the 9.50 calls for a quick scalp. On the other hand, if we get poor results from those two, I think we have a nice shot at playing the 9.50 or 9 puts for a drop under 9 tomorrow. JMO
I heard today that FB was going to launch a "Want" button. What do they want? More idiots to buy their stock!!!!!!!!!!!
Bring forth "Sharemageddon". Man, I love that term. I cant wait to see FB get crushed. Soon, yes very soon, analysts targets will be in the single digits. FB will fail at every turn. JMO. Take the money and run. Or just buy puts.
I think a lot of institutional investors took today as an opportunity to get some of their money back as there was more selling than buying. I wouldnt be surprised to see the stock come back down to the $5 range. I believe the institutions will continue the selling pressure.
IMO, Current book value on Sprint is only $3.07. That is how much would be left per share if Sprint paid off all of its liabilities and dissolved. Sprint shareholders would be stupid to turn down this deal. Softbank is offering them just over $6 a share for a 70% stake in the company. At the same time, I feel Softbank shareholders may veto this deal, because of Sprints High debt load. It will be interesting to say the least. It was apparent Softbanks shareholders were not thrilled about the deal as their stock plunged 15% today.
I suspect this will either just consolidate here in this area or we may see a bit of a pullback tomorrow or beginning of next week. From what I have been hearing on CNBC, the 25 billion isnt for Sprint alone. They want Sprint and Clearwire. So the offer for S may be more around the 5.40 range.
Ill cover after poor earnings drop it back to $53-$55 range
Absolutely, a great rally. Unfortunately it has come to an end. And shorts are not burning. At least Im not. I added to my short position. Weeeeeeeeeeeeeeeeeeeeeeee...........
Rut Roh, CEO says Blackberry 10 to be delayed. Looks like it is definitely put time.
Time to go short NFLX again. Yet another downgrade this morning. Im sorry, NFLX will never, ever see over $100 again, much less $200.
They do have debt, and that extra cash was gained by reducing the size of the company. I do not see that as a positive. I see that as treading water and your legs are getting very tired and your head keeps going under. Blackberry 10 is their last lifeline.
Yes, long term until Oct 23, 2012. That is when next disappointing earnings come out and stock will retreat back to low 50's if not lower.
Unfortunately the fundamentals of the company dont match the technicals. Blackberry 10, imo, is their last hurrah. If it doesnt succeed, its bye-bye RIMM.
Buying the 8.50 puts yesterday turned out to be a great trade. Sold them for a .10 gain this morning. Looks like some consolidation going on now. I do believe RIMM will be back under $8 next week. Not entering any new positions as of yet.
Bought 8.50 puts for this week. Said in my last post next week. Only a small position to start, will see how it trades tomorrow to determine if i increase my position and also pick up oct 20 9.00 puts. Good run here though, I made a killing on calls this week. But I think the run may be over for now until we see the berry 10.
I think the shorts will be jumping back on board here shortly. Blackberry 10 is still a couple months away and it is gonna be hard for them to compete with Apple, Samsung, Google, etc. I just bought 8.50 puts for next week.
Actually it is not a confirmed buy anymore, it is simply a hold now and will change to a sell-if after today
BREAKOUT ALERT!!!! About to breakout to the downside!!!!!!!Go FB...
There was one guy on CNBC today who said all these analysts have no clue what they are talking about. He says as it stands right now, the book value on Facebook is a mere $13 a share, and he was being generous.
My apology, should have phrased that better. My bad.
If you had read my post, I said the company "expects to burn through cash on hand." That means looking ahead, not behind. That is straight from the CEO's mouth in his interview on CNBC.
i didnt take into account their short and long term investments, however I dont consider that cash on hand. I simply dont see promising future for RIMM. I believe many other investors feel the same way after seeing the extremely high put volume last week. I dont think it goes higher than 8.50 and that is being generous
Maybe I am reading the fins wrong, but I am only seeing 1.5 billion in cash and 3 billion in debt. Plus company has said they expect to burn through their cash on hand fairly quickly and will need to tap into their 500 million credit line to finish bringing the new Blackberry to market. By that point, they will have lost even more market share to the big boys, Apple and Samsung. The only real chance this company has in the near future is for someone to buy them out. JMO