Sign inRecent Commentaries tagged (vale)
Kim Sung-Il on Wall Street
Yesterday I got a corrected 1099 from E-Trade but despite its having come a day before St. Patrick's Day, it still shows that my now-sold shares of Cryptologic (CRYP of Dublin, Ireland) as having been subject to withholding taxes by Georgia (a country in the Caucasus). My latest 1099 also still...
Saakashvili is a Leprecaun
Your editor has been trying to Roth her IRA with E-trade but faces a major problem. US law requires that the taxpayer doing the conversion pay capital gains tax on the non-Roth IRA account when converting it to a Roth. You have two years to pay. And this year, because of the market mess in 2009,...
My Stamp Collection and A Gold Fund
Two readers asked the same question from Atlanta and Albuquerque. One wrote: Picking so many stocks means you're just trying to get lucky and hit a few big winners. It reminds me of playing roulette, hardly a science. And the other wrote: I'd like to hear your thoughts on how many different...
Cisco Call Options Fly off the Shelves
Today’s tickers: CSCO, DRYS, CIGX, AES, V, MCD, BIIB, SNE, GME & VALE CSCO - Cisco Systems, Inc. – Bullish call-buying dominated options trading patterns on Cisco today on news the firm is slated to “make a significant announcement that will forever change the internet and its impact on...
BHP Billiton (BHP) Pushes Through 55% Increase in Coking Coal Prices, Quarterly Pricing - Iron Ore Also Potentially Set to Soar
Some interesting developments late last week in the "steel making components" sector; coking coal and iron ore. BHP Billiton (BHP) was able to push through a 55% increase with JFE Steel (Japan), and move from annual pricing to quarterly pricing - I am not sure which of those two is more...
Analyst Upgrade Fuels Bullish Option Plays on Iron-Ore Giant Vale
Today’s tickers: VALE, MBT, FXI, NWL, CSE, VZ, XLV, CBY, HSY & SYMC VALE – Vale S.A. – Shares of the world’s largest producer of iron-ore surged 2.75% in afternoon trading to stand at $31.18 after the firm received an upgrade to ‘overweight’ from ‘equal weight’ with a target share price of...
Iron-Ore Bull Excavates Massive Credit Spread on Vale S.A.
Today’s tickers: VALE, ANF, ARIA, GCI, S, KR, SYY, AZO, TLB & RAI VALE - Vale S.A. – Option volume on iron-ore producer, Vale, exploded this afternoon after one investor exchanged 102,200 puts in the June 2010 contract. The put activity actually implies bullish sentiment on Vale despite the 3%...
Option Trader Irons Out Bullish Risk Reversal on Vale
Today’s tickers: VALE, GLD, BKC, VIX, IYR, GPS, CTXS, JPM, JCG, BKC, & TIF VALE - Vale S.A. – Iron ore producer, Vale, experienced a more than 2.5% rally in shares during the trading session to arrive at a new 52-week high of $29.64. A bullish risk reversal in the March 2010 contract today...
The Local's Take Daily
Hello Traders and Investors,Again, as mentioned, a pretty tough week to engage in heavy trading as volume is light.Regarding investing, the price of protection has become VERY cheap, meaning buying puts to protect the portfolio are an inexpensive way to buy insurance.Let's take VALE for instance...
More of the Same
Good Morning Traders, Just as the 10 day forecast is bleak for snow here in Park City, it looks like another week of options expiration will go out WITHOUT A BANG. I am still pricing in a slight chance of a severe market correction in a short time. The reasons: Since March (9 months) we have...
More of the Same
Good Morning Traders, Just as the 10 day forecast is bleak for snow here in Park City, it looks like another week of options expiration will go out WITHOUT A BANG. I am still pricing in a slight chance of a severe market correction in a short time. The reasons: Since March (9 months) we have...
Van Eck Global to Introduce Indian Small Cap Offering
Some great news for investors who can only buy domestic based product; after the successful launch of Van Eck Global Brazil Small Cap [Jun 2, 2009: Market Vectors Brazil Small Cap (BRF) - a New ETF for Exposure to Brazil] earlier this year, a similar product is now slated for India. I am *very*...
Caterpillar Sees Sizeable Options Activity
Today’s tickers: CAT, EEM, FITB, VALE, SLM, EXPE, SNDK, SLM & YHOO CAT - Caterpillar, Inc. – A long-term bullish play on the world’s largest maker of bulldozers and excavators proved highly profitable for one investor who banked hefty gains in the January 2010 contract this afternoon. Shares of...
Brazilian Stocks Capture Option Traders’ Imagination
Today’s tickers: VALE, EWZ, NYX, PFE, HOG, XRT, S & ROVI VALE - Vale S.A. – Rio de Janeiro-based mining company, Vale S.A., experienced a 6.25% surge in shares today to $26.57. Perhaps the jump in shares is due to unconfirmed news the company plans to invest $5.8 billion to expand projects in...
Railroad Bulls Expect CSX Recovery on Track
Today’s tickers: CSX, VALE, ERTS, JNPR, BRCD & ORCL CSX - The supplier of rail-based transportation services attracted option optimists to the November contract today amid a 2.5% rally in shares to $42.68. Bullishness was expressed through put selling as investors appear to expect CSX to...
