Recent content by James Reeves

True ballers weren't buying Picasso lithographs, they were buying Richard Prince originals

What are people's thoughts on ACAS? Earnings are tomorrow.

9000 March $40 puts were purchased on Friday, $13 dollars away from the price target with a month left until expiration. What's up with that?

Earnings tomorrow... heavy call volume... anyone else have any thoughts?

maybe a little giveback tomorrow morning so you can cover?

MGM LVS WYNN ...

Buy a Warhol print to combat weakening $$$... They are pretty cheap these days.

I shorted yesterday at the end of the day... covered a little bit in the meager downs this morning, and then proceeded to get my assss handed to me throughout the afternoon. The moving average is all out of whack. I am holding and hoping for a down day tomorrow though

I'm shorting today... will cover tomorrow!

Yea, Barney frank "blew his load" a bit early on this one, he should have waited to use his uptick rule comment as a way of sustaining the rally tomorrow.

Why not wait until later in the week... this news could have been good for 200 points on a day with no other news.

Why would Barney Frank open his fat, slurry mouth and say something like that with no details to back it up? We are already having an up-day thanks to some bogus Citi statements, seems to me like he is just adding fuel to the fire for an eventual profit taking day tomorrow.

S&N, You are right about Hirst being fairly liquid. In fact, the more expensive an artist's work is, the more well-known he or she tends to be, and as a result, the more liquid their art tends to be as well.

Haha, I guess that's an anomaly... I did make some very tidy profits from selling Obama related artworks*** that more than offset my stock market losses from last year. I think however, that these works were sold at the peak of the market and might never be worth significantly more. In fact...