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#376 Trader Joe

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Posted 01 March 2009 - 08:39 PM

Citi above $2.50 by June?

600,000 call options couldn't be wrong......could they?
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The options activity in Citi jumped to three times the normal level, a noteworthy feat for a company that is traded as heavily as Citi. Investors picked up 600,000 calls that allow them to buy the company's stock and 313,000 puts that allow them to sell it, according to Trade Alert.

wsj.com

#377 Pretzel Logic

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Posted 01 March 2009 - 08:46 PM

Citi above $2.50 by June?

600,000 call options couldn't be wrong......could they?
_______________________

The options activity in Citi jumped to three times the normal level, a noteworthy feat for a company that is traded as heavily as Citi. Investors picked up 600,000 calls that allow them to buy the company's stock and 313,000 puts that allow them to sell it, according to Trade Alert.

wsj.com


Seems like a simple function of risk/reward logic there. The most a 2.50 put can be worth vs. the most a 2.50 call could be worth.
In honor of the times, back to the 2008 signature:

"When Black Friday comes, I'll stand down by the door,
And catch the grey men when they dive from the fourteenth floor,
When Black Friday comes, I'll collect everything I'm owed,
And before my friends find out I'll be on the road,
When Black Friday falls
you know it's got to be...
Don't let it fall on me." - Steely Dan, Black Friday

#378 psyche doctor

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Posted 01 March 2009 - 08:50 PM

That is sad. Paul Harvey was definitely a class act.

The number of people who "get" my Paul Harvey voice impressions is further destined to continue shrinking...

"Maryanne could not believehereyes when she openn..nned up her Christmaspresent and found... theBoseAcousticWave."



I seen him on t.v. over the summer and I thought to myself, man he is getting old. I guess his death really doesn't come as a surprise, but he will be greatly missed. For years listening to the radio, I always looked forward to his little commentaries and the sound of his voice.
I watched a snail crawl along the edge of a straight razor. That's my dream; that's my nightmare. Crawling, slithering, along the edge of a straight razor... and surviving

#379 Pretzel Logic

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Posted 01 March 2009 - 08:55 PM

Well, we have a break and (so far) successful backtest ot the purple trendline. This trendline represents the bottom of the channel of the entire decline going back to the January high. Need to see the blue line give way, or there's a potential falling wedge formation.

es_3.01.gif
In honor of the times, back to the 2008 signature:

"When Black Friday comes, I'll stand down by the door,
And catch the grey men when they dive from the fourteenth floor,
When Black Friday comes, I'll collect everything I'm owed,
And before my friends find out I'll be on the road,
When Black Friday falls
you know it's got to be...
Don't let it fall on me." - Steely Dan, Black Friday

#380 Trader Joe

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Posted 01 March 2009 - 08:59 PM

Well, we have a break and (so far) successful backtest ot the purple trendline. This trendline represents the bottom of the channel of the entire decline going back to the January high.

es_3.01.gif


I guess all those straight lines are like spaghetti before it's cooked....eh?

#381 alceringa

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Posted 01 March 2009 - 09:00 PM

Japan and Korea markets are open.....


Posted Image
"Americans can always be counted on to do the right thing...after they have exhausted all other possibilities."
Churchill

"You can fool some of the people all of the time."
Lincoln

"I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered."
Jefferson

#382 Pretzel Logic

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Posted 01 March 2009 - 09:04 PM

I guess all those straight lines are like spaghetti before it's cooked....eh?


:lol: :lol:

Mmm... uncooked spaghetti.
In honor of the times, back to the 2008 signature:

"When Black Friday comes, I'll stand down by the door,
And catch the grey men when they dive from the fourteenth floor,
When Black Friday comes, I'll collect everything I'm owed,
And before my friends find out I'll be on the road,
When Black Friday falls
you know it's got to be...
Don't let it fall on me." - Steely Dan, Black Friday

#383 Jorma

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Posted 01 March 2009 - 09:23 PM

:lol: :lol:

Mmm... uncooked spaghetti.



Mmmmmmm. Good old home grown spaghetti.


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#384 Charmin

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Posted 01 March 2009 - 09:26 PM

The gloom news has already started:

"January job drop in U.S. payrolls could be largest since the recession began, approaching the 800,000-plus tumble seen amid a massive steelworker strike in 1949." http://www.marketwatch.com/?dist=ctmw

Can anyone ignore?
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#385 Charmin

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Posted 01 March 2009 - 09:30 PM

:lol: :lol:

Mmm... uncooked spaghetti.


I prefer cooked spaghetti - from Peter Horowitz's free e-book
http://www.thediscip...-book-for-free/

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#386 DrStool

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Posted 01 March 2009 - 09:39 PM

A sad day...a legend has left us..Paul Harvey died...

In the pre-internet/24 hours news days, I used to love to his delivery style as he did his thing.

RIP



And now....

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#387 DrStool

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Posted 01 March 2009 - 09:40 PM

...the rest

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#388 DrStool

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Posted 01 March 2009 - 09:40 PM

...of the story.

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#389 lineup32

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Posted 01 March 2009 - 10:38 PM

"Given our focus on Spansion's future, management and the board have concluded that chapter 11 provides the most effective means for Spansion to preserve its business, meet its post-petition obligations and maintain customer confidence and continuity while we complete this restructuring," said President and CEO John Kispert, in a statement Sunday.

Sunnyvale, Calif.-based Spansion, founded in 1993, was a joint venture between chip-maker Advanced Micro Devices Inc. and Fujitsu Ltd. In January, Spansion said it would restructure its balance sheet and seek a sale or merger. Chief Executive Bertrand Cambou was recently replaced by John Kispert, the former president of KLA-Tencor Corp. Earlier this month Spansion's Japanese unit filed for bankruptcy, and Taiwan-based ChipMOS, a provider of chip testing and assembly services, terminated its contract with Spansion LLC over the company's default on $29 million out of $73 million in trade debt.

Spansion, and its U.S. units Spansion LLC, Spansion Technology LLC, Spansion International, Inc. and Cerium Laboratories LLC filed their voluntary petitions in Delaware bankruptcy court. Spansion said the filings constitute defaulting on its debt.

http://www.sfgate.co...?...5.DTL&tsp=1

#390 alceringa

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Posted 01 March 2009 - 10:38 PM

The HangTen has opened......

Posted Image

It's actually worse than it looks because HSBC, which is about 10% of the market is halted pending news of capital raising through junk stock offering.


Link
"Americans can always be counted on to do the right thing...after they have exhausted all other possibilities."
Churchill

"You can fool some of the people all of the time."
Lincoln

"I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered."
Jefferson





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