Whales like Soros and Bass could do well in Penny. Small-time investors like myself (or ourselves) can probably do better with smaller cap stocks that the big hedgies can't buy for lack of liquidity.
We haven't seen going on a buyer's strike in US Treasuries employed for political reasons yet, but it's not an implausible scenario. If it happens, then there could be a massive spike higher in LT interest rates.
Probably a wise choice.
US strike on Syria to be 'significantly larger than expected'
http://www.jpost.com/Middle-East/Report-US-strike-on-Syria-to-be-significantly-larger-than-expected-325389
Guess ppl are bored ... "no tengo nada que hacer." A mediocre 59% on tomatometer.
'Riddick' takes flight at box office, displaces 'Butler'
http://www.usatoday.com/story/life/movies/2013/09/08/riddick-butler-box-office/2780519/
Kyle Bass and Mark Cuban owning the stock could be a game changer ... just as Ackman cried uncle.
http://www.bloomberg.com/news/2013-09-03/kyle-bass-boosts-j-c-penney-bet-with-5-holding.html
http://www.cnbc.com/id/101015329?__source=yahoo
:D Her last name did sound familiar. Maybe her husband is afraid his wife will blow aa significant part of their last hundreds of millions on vBeaute if it doesn't work out.
http://en.wikipedia.org/wiki/Julie_Macklowe
http://en.wikipedia.org/wiki/Harry_B._Macklowe
Maverick, is there a VIX level where you wouldn't buy calls because the implied volatility is too expensive (thus the rise in price would not sufficiently offset the volatility crunch)? Thanks in advance.
Problem is that market can top and may take much longer to drop than your expiration date has. Then you have the problem of the market having to drop enough below your strike price to make a profit.