Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
$MEA 46 mill float monster
Is 5.64 fib a extension level?
Don't Forex markets open in a couple of hours? Japan opens@ 4pm Pacific I think
Agree. $2.14s from Friday will sell for quite the premium this week.
Just wait til Forex market opens this afternoon to see the new version of the Euro tank. Greek election results sure to cause some increased volatility and Euro slide. Jmo
Proof? Lol. FXCM$
Should start before that! Pre market action should get a lil nutty. Forex markets will be nuts, great for FXCM.
Only one problem with your analysis the night capital problem was due to computer glitches and bad trades. The problem here is nothing alike. A country let their currency free, no glitch, it was a surprise to world. Business as usual and a solid resurrection is much more probable here.
Finviz has market futures red, VIX green ;)
It will be easy money this week. That, is a fact. Last week was beautiful too. In low 2s, out high 3s, back in low 2s. Looking for 4-5 easy flip by Thursday and hopefully another Friday sell off to reload again. That's what I see.
Looks like another rip to the 200 MA to me.
So true, no way over$200 million bucks traded on Friday came from iHub folks. Shorts sounding rather desperate.
Doubt out WaVe, MACD has begun to converge, that means GREEN DAYS
Cheers
FXCD TVIX
FXCD & TVIX next week
5 days charts seem to work good here. Trade the stochastic signals, but you better keep an eye and be vigilant. When it turns, it turns fast!
Just picked this up offa chart scanner big volume lots of insider buying looks like
http://finviz.com/quote.ashx?t=IKAN&ty=c&ta=1&p=d&b=1
On watch
Just found this one scanning charts. Looks interesting. On watch for sure.
This has officially become a penny stock board. Sad.
Business is carrying on, users of FXCM (forex traders) have gone nowhere and continue to trade. No worries here.
This could make it interesting for sure. Short s trying hard!
NEW YORK, Jan 23 (Reuters) - Losses from the surprise move by the Swiss National Bank nearly crippled brokerage FXCM , but all the attention has resulted in a surge of activity among options traders on the online forex broker.
FXCM's shares fell nearly 90 percent on Tuesday after the company faced $225 million in losses on the SNB's shock decision last week to remove the cap on the Swiss franc. It then agreed to an emergency loan from Leucadia National Corp.
The loan kept FXCM from falling short of regulatory requirements that could have kept it from operating. The shares, which touched a low of $1.28 on Tuesday, have recovered slightly, though on Friday they were down 31 percent at $2.14 in active trading on the New York Stock Exchange.
The drastic drop in the price of the shares has spurred a surge of interest in both the stock and its options, with some hoping for a buyout for FXCM.
"The action in the underlying stock has been highly speculative and now it's moved to the options market," said Ian Bezek, an independent trader based in New York.
Recent trading appeared to be driven by speculative call buying, said Fred Ruffy, options strategist at WhatsTrading.com.
Options trading in FXCM shares had been sparse, averaging less than 15 contracts a day last year. The volume has now exploded and since Tuesday has averaged more than 50,000 contracts a day.
"The stock suffered such a big sell-off that the logic might be: 'Well, if it recovers even 20 percent of the losses, that translates to a substantial move higher from current levels,'" Ruffy said.
Meanwhile, short sellers have jumped at the chance to open new positions in FXCM this week, data from SunGard's Astec Analytics shows.
Following the Swiss central bank's move, borrowing of FXCM shares jumped 29 percent in just two days and latest figures show short sellers are betting on more declines, Karl Loomes, market analyst at SunGard's Astec Analytics said.
Difficulty in borrowing FXCM shares is another factor that may be driving up activity in the options market. Traders tend to use options to express a short bias when shares are hard to borrow.
Puts, which carry the right to sell the shares at a specified price in the future, and can be used to make bearish bets on the stock, were popular on Friday with volume of 17,000, or about 20 times the normal amount, according to Trade Alert data.
"I'd normally just short the stock, but it is difficult to borrow," said Bezek, who is currently short 22 FXCM calls at the $2.50 strike that expireS on Feb. 20.
On the other side of the trade, Shiv Kapoor, a Levittown, New York-based trader who owns 20,000 FXCM shares which he bought at $1.50, said the stock looks attractive as a possible buyout candidate or if it remains independent.
A buyout, however, might not be very lucrative for FXCM shareholders, given the terms of the loan from Leucadia.
"We believe 95 percent of the economics of a sale with proceeds up to $1.33 billion would go to Leucadia and debt holders, suggesting only 5 percent remaining for FXCM shareholders," said Citi Research analysts, who have a 75 cent price target on FXCM shares, in a note on Friday.
Monday will be nice and Tuesday. Great update imo. Glad I bought back in @ 2.14. Have a great weekend y'all and let's do it again next week.
Hold volatility coming
Charles Schwab buyout "makes absolute sense"
Speaking to Benzinga, Former GFT Manager of Global Risk Jeff Wilkins said that a rumored $5.25 per share buyout ofFXCM Inc (NYSE: FXCM) by Charles Schwab Corp (NYSE: SCHW) “absolutely makes sense.”
http://m.benzinga.com/article/5173689?utm_referrer=http%3A%2F%2Fwww.google.com
Back in at 61.8 fib retracement @ $2.14
Ready again ;)
Afraid you might be right. I took profit today, thinkin peeps won't want to hold over the weekend. Will buy more under 2 bucks perhaps.
slowly filling .67s
Looks like Mr.Market knows more than the analrapist
Half the float traded already, looks looks a new base almost in
FXCM could easily emerge stronger and an even bigger player in forex when smaller outfits crumble. Who knows, 17 bucks could be the launch pad to new highs.
Still short....better cover bro.
Chat looks ready for a nice pop. Think I'm going in tomorrow.
True. Don't plan on holding this to long, hoping to fill that gap down, .40s would be good.
Both should go lower and stay beaten down for most of the year according to some smart guys on t.v. I watched
Laughable, traders messed up, not the exchange. Been remedied and new requirements in place. Ambulance chasers.
They get 45 days to submit business plan and 18 months to comply. We should get more news coming soon. Would be nice if they pull it off, nice returns possible.
Traded the float and then some today. Very nice.
Still short I see.
Yo guys, sold some TVIX yesterday and got into FXCM. Have a look, making $$
Love how thin this trades. Sit back and enjoy the ride.