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No stock just the same option position, I just tried a repeat of yesterdays scalp and lost 12c. If I held until exp and drys is under $5 I am up a few K on the options alone but I won't hold that long. I probably should have unloaded some of the 7.5s today but will wait and see what happens...

For now I can afford to wait and see what happens, today's move surprised me and I lost on a scalp but will give it at least another week then will likley close the position even if it will be at a loss.

http://www.bloomberg.com/apps/news?pid=20601109&sid=aAnBviwQjxr4&refer=home

Announcing to the world that you are an idiot seems not to be a problem in Brazilian politics.

Jeff Cooper at minyanville and Mark Cook's service.

Before we hit bottom the bailout of the PPT will make AIG's bailout look like a rounding error on the treasury's books.

Considering how much the banks have received from the taxpayer perhaps they should put up selected/screened homeless families in their vacant properties rent free. The tenants just have to pay for utilities and keep the property from getting in to disrepair, cut the grass etc and leave when the...

Exactly, the 5s will likely expire worthless though I will probably cover the spread for less than $40, hopefully this week. I could cover right now and only lose about $1K on the trade as posted (I sold the stock on the pop this AM and scalped more than that) which is acceptable given that I...

You can buy mine for $40 or less tomorrow or Friday though can't think why you would want to. The only thing that DRYS has going for it at this point is the possibility of a spin off and that is at least another quarter away and that is if the banks let them do it.

What an awful report and call. DRYS will be low $4s this week.

http://www.youtube.com/watch?v=3Hddm-Y148c&NR=1

Anyone know what happened to Mr Mortgage? He had great analysis but seems to have disappeared.

Depends on volatility but below 5 I will be covered with a marginal profit and can hold on to the 7.5s till exp for free (it won't be worth the commish to close the position). Below $5 and above $6 tomorrow and I will likely be in the black and I have the option of waiting and seeing what is...

Yes that's the total position, no stock.

Guess the news must be bad and some people know it, how else could UBSS sit on the offer with 242K shares right before earnings release? LOL they must read ET, just pulled it.

Sold last 20 at 1.2, will wait for earnings now and short up to 10K stock if there is a significant pop. Sold another 20 at 1.20 Short 120 april 5 Long 500 april 7.5 Les jeux sont fait! Bon chance!

? Not sure you understand what I am doing.

Smelling like a short squeeze. Sold another 20 at 1.25 Edit:Another 10 at 1.2

Sold 50 April 5 for $1, will try to improve on that for another 50.

So, he sees the current outrage as an opportunity to cleanse his image and reemerge on the political stage. What he doesn't see is that he is as corrupt and entitled as those he wants to use for his political purposes. Shameless arrogance will get you far.