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Let The Options Expiration Games Begin in Earnst
Since there is no volume this week and most players are out
of the market for the rest of the year, the Goldman Squid Desk is busy again
studying the books of its biggest clients, looking for outsized put or call
positions in individual stocks. As
usual, we find sudden shanks or unexpected bottlerocket runs as Goldman
extracts its usual pound of flesh out of its customers.
Exhibit A: Goldman finds a client who has been bandwagoning Fluor on the short side and pyramiding its positions...
Oops....
Exhibit B: Myriad funds underweight financials who are trying to add exposure have been watching charts of PNC and STI, thinking these have been the strongest since they have the prettiest looking charts.
Oops....
Meanwhile, others are busy chasing the next possible bubble. Patience is thin, nobody wants to to wait:
What's next???
The Baltic Dry Index is down many days in a row. I'm expecting these low-grade hookers to start ramping up any day now...
Good luck to all Riverboaters....
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flr to 55 in a month
MOS was a funny one today...
i agree, looks like they programmed their black boxes to mimic the west coast tide chart.
FLR gets whacked in OT gives it all back
did u see potash?
116.25 to 119.80
back down to 116.xx
Award for most 5% changes in price in the last 2 weeks goes to: RDN!
Well done short squeezing the shit out of rational traders, GS and JPM! Up 30% in a week, now we can bring it down 5% at a time again, rinse and repeat!
Speaking of quick shanks....
Seeing you in that pink bra makes me want to donate a pound of flesh.........
Speaking of quick shanks....
Seeing you in that pink bra makes me want to donate a pound of flesh.........
exactly
Call it assault with a friendly weapon.....
I'm guilty
I do like FLR.. but not now... not even this year
Look at a daily chart of FLR. Why anyone woudl be bearish on it is just beyond me. See that sharp downward wedge? These explode, I repeat explode upwards. People think of FLR as strongly tied to housing construction for some reason, but they are in many sectors. If you think there's any chance infrastructure spending will be made, these guys will benefit.
Check out X on daily, this looks like an upward wedge recovery after head& shoulders drop. It could be topping out, if it does then there's a nice drop in it.