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Options Player Reveals Long-Term Bullish Sentiment on AIG
Today’s tickers: AIG, MU, F, POT, CLF, PAYX, ERIC, SVU, LFC & CA AIG - American International Group, Inc. – The insurer’s shares experienced a fantastic 56.7% run up from its low point in the current month of $24.54 on March 3, 2010, up to yesterday’s intraday high of $38.45. During the current...
Goldman Sachs (GS) VIP List of Top Hedge Fund Holdings
Today is going to be Goldman Sachs (GS) day at FMMF - from their nearly perfect forecasting of monthly labor data (magically adjusting their figures 24 hours before it is released each month to "hit it on the nail"), to their new foray into buying warehouses so they can corner obtain more...
Indices Close Near Flat as Afternoon Sell-Off Reverses Morning Gains
The stock market indices ended narrowly mixed today after a strong morning reversed and a strong sell-off in the afternoon brought them back to near the zero line. The day started with a gap up. They backed and filled early on and then made their sessions highs late morning, with the S&P 500...
Cramer: Still Selling Toyota and Buying Ford
“…Case in point, The Ford Motor Company. This company is blowing the doors off the business! 43% monthly sales gain. Stunning increase in market share from 14% to 17%. It just passed General Motors… Yet how many times have you asked me about a different auto company in the “Lightning Round”, as...
Gold Rearing Up to Run
After being up 50 points yesterday, the market trickled off into the close to close up just 2 points in the Dow. The only notable action came from Apple ($AAPL) which reversed after a strong 3-day, 13-point move into $210 per share. Shares fell into negative territory in the early afternoon...
Bears Bombard Blackberry-Maker, Research in Motion
Today’s tickers: RIMM, CAT, MGM, F, SLM, FRX, FXI, MWW & AIG RIMM - Research in Motion Limited – Blackberry maker, Research in Motion, attracted bearish options strategists even though the firm’s target share price was upped to $100.00 this morning from $95.00 at Canaccord Adams. RIMM opened the...
Lam Research Ooptions Draw Optimistic Crowd
Today’s tickers: LRCX, AZN, BRCD, F, MTG, RSH & FL LRCX - Lam Research Corp. – Contrarian option players initiated bullish trades on Lam Research Corporation today even though shares are trading 7% lower to $32.79. Investors sold nearly 5,000 in-the-money put options at the March $35 strike for...
Final Dip for Ford Ahead of Expected Rally
The coil pattern that is enticing me on the long side of Ford (F) has the right look of completion ahead of a powerful thrust to the upside that should propel F above the Jan high at 12.14 towards 13.50-14.00 and possibly to 15.00 thereafter based on my medium and longer-term work. This...
Ford Incomplete on the Upside
The Jan-Feb high-level bullish consolidation area in Ford (NYSE: F) may be over –- ahead of a thrust towards 13.50-14.00 next –- or the pattern may "need" to press F down to 11.00-10.80 again to complete the larger bullish coil. Either way, what my work is telling me is that the overall medium-...
Quarterly Update: George Soros Calls Gold (GLD) a Bubble; Then Stocks Up on It
It's that time of year, where once a quarter we get to see what the "gurus" are doing. This has become a favorite for the Wall Street community because if there is one thing big money likes... it's group think! There are only a handful of 'whales' I normally will discuss on the blog, and...
Bank of America Bears Buy Puts
Today’s tickers: BAC, PBR, F, FXI, NXY, KFT, DELL & HPQ BAC – Bank of America Corp. – Bearish option traders purchased put options on Bank of America today with shares of the firm trading 3% lower to $14.52. The number of put options purchased at the March $14 strike price surpassed existing...
Has Toyota (NYSE:TM) Found A Real Low?
Toyota Motors (NYSE:TM) has been on the hot seat recently. Toyota issued a massive recall due to an accelerator problem. This recall has affected millions of vehicles and the owners of theses vehicles. Politicians and federal investigators have made statements about the recall from Toyota as the...
Johnson Controls Gets Mad Love
“…Tear open a car — not something I recommend — and you will find Johnson Controls all over the place. Seating, door panels, consoles, car battery, you know, Interstate…they’re going to send Johnson Controls soaring through the $30’s now that we’re building cars again. JCI could be the biggest...
Investor Initiates Volatility Play on Alcoa Ahead of Earnings
Today’s tickers: AA, GLD, MGM, NXY, INTC, NDAQ, ANDS, F, EEM, MMR & MELI AA – Alcoa, Inc. – A short straddle play on the largest U.S. producer of aluminum today implies one investor anticipates Alcoa’s shares will remain range-bound through January’s expiration on Friday. Alcoa’s shares...
Ford Call Options Gone Wild as Bulls Populate January 2011 Contract
Today’s tickers: F, IPG, MBI, DAL, XLF, XHB, CROX, GME, BBBY & NVTL F – Ford Motor Co. – Yesterday we reported on a short strangle play, which implied the automaker’s shares would likely remain within the realm of $10.00 to $12.00 for the next six months to expiration in June 2010. Today we...
