ponyo
Lifer
- Feb 14, 2002
- 19,688
- 2,811
- 126
Originally posted by: Azurik
Premarket is skyrocketing due to a surprise better than expected unemployment report. Only 20,000 drop compared to expected 80,000.
Your MSFT calls are going to be worth a little bit more before you sell them
The easy trade of the morning was the opening fade. Had my order to sell calls at $1. Got filled at $1.05 at the open. 85% final gain.
Bought BIDU $350 puts at the open. Up 35% on those. BIDU = beta so that can change for the negative in a hurry though.
Still holding the remaining 1/2 of SBUX. Should've punted that as well but got too cute and tried to time the top.
My feeling has been we're going to rally past S&P 1410 and then get everyone sucked in and then pull out the rug. Now we're here, I want to minimize my long exposure and get out of the way. I'll let others try to squeeze out every little ounce of gain. I've put on my bear hat and will play from the short side. Looking at financials and betas as targets. I believe another shoe will drop real soon, and we'll be lot lower a month from now. I don't believe in V shaped bottom and believe we'll see another low that even lower than the low earlier this year. Be careful everyone.
Meh...
Not comfortable with Blackstone yet.
Perhaps when they stop writing checks that they can't cash, I might be more interested.
Even though Schwarzman has said they intend to keep paying dividend till 2009(my brain says yes, but my gut says no), I'd still rather have my money elsewhere.
There's no telling what congress will do with them and I get the feeling that if congress makes the move they want to, they just might be going back private.
The company heavily depends on credit to finance their dealings and they weren't able to access that much during the credit crisis. They haven't done any major acquisitions in a long while, and I have a feeling they are trying their best to make their ADS deal fall apart.
I'm glad they realized their mistake. They offered too much for that crap.
Capt Caveman
Lifer
- Jan 30, 2005
- 34,543
- 651
- 126
Good riddance.
Steve Ballmer rebuffs Yahoo's $37/share offer.
Jerry Yang expecting a $37/share offer when the stock was sitting at $19/share before the 60% premium Microsoft bid.
Paying 100% premium for what the company is worth? Yeah, right. :roll:
Steve Ballmer rebuffs Yahoo's $37/share offer.
Jerry Yang expecting a $37/share offer when the stock was sitting at $19/share before the 60% premium Microsoft bid.
Paying 100% premium for what the company is worth? Yeah, right. :roll:
ponyo
Lifer
- Feb 14, 2002
- 19,688
- 2,811
- 126
Ballmer's letter to Jerry Yang
How many lawsuits will be filed against Yahoo from shareholders on Monday? Should be interesting.
How many lawsuits will be filed against Yahoo from shareholders on Monday? Should be interesting.
I knew this was too easy, just about every media was saying this was a done deal at a higher price, etc...almost like a set up, anyway, I might have to average down Monday and turn this into a long term investment. MSFT was willing to pay $33/share, so it should worth $33, right? anything less is a bargain!
Originally posted by: richardycc
I knew this was too easy, just about every media was saying this was a done deal at a higher price, etc...almost like a set up, anyway, I might have to average down Monday and turn this into a long term investment. MSFT was willing to pay $33/share, so it should worth $33, right? anything less is a bargain!
Heh...Good luck with that.
Could have been had for $33/share , but Jerry Yang and the YHOO executives were just being greedy bastards.
Even the original MSFT bid of $31/share was way overpriced.
a lot of people got the rugs yanked out from under them, unfortunately. monday will be interesting, people will want Jerry's head!
Does anyone have suggestions on what to use to track the portfolio? Most of the software I found on sourceforge or download.com does not keep a track of sold stocks.
theeedude
Lifer
- Feb 5, 2006
- 35,787
- 6,197
- 126
Originally posted by: richardycc
I knew this was too easy, just about every media was saying this was a done deal at a higher price, etc...almost like a set up, anyway, I might have to average down Monday and turn this into a long term investment. MSFT was willing to pay $33/share, so it should worth $33, right? anything less is a bargain!
Don't throw good money after bad. You made a bet, you lost, move on. There are plenty of better long term investments than Yahoo.
Originally posted by: senseamp
Originally posted by: richardycc
I knew this was too easy, just about every media was saying this was a done deal at a higher price, etc...almost like a set up, anyway, I might have to average down Monday and turn this into a long term investment. MSFT was willing to pay $33/share, so it should worth $33, right? anything less is a bargain!
Don't throw good money after bad. You made a bet, you lost, move on. There are plenty of better long term investments than Yahoo.
My sentiments exactly.
ponyo
Lifer
- Feb 14, 2002
- 19,688
- 2,811
- 126
Originally posted by: jjsole
Yahoo's trading around $23 now. If it dips $2-3, I might pick up a billion shares or so and see if I can scalp $5-10 bucks out of them.
You have to stand in line if your order is behind mine. I've my limit order set at $19.5. Not that I'm expecting to get hit.
I'm trying to buy some Cisco puts. Got my order to buy some May $26 puts at $.64. If I get hit, fine. If not, that's fine too. Cisco reports tomorrow after the close.
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