Another big bounce from the pre-market. Up $15.00 from the time of your post to now.
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AGN
- Thread starter oldnemesis
- Start date
Another big bounce from the pre-market. Up $15.00 from the time of your post to now.
http://finance.yahoo.com/news/allergan-pfizer-call-off-proposed-105748328.html
http://stockcharts.com/h-sc/ui?s=agn
http://blogs.wsj.com/moneybeat/2016...alls-treasurys-move-un-american/?mod=yahoo_hs
"Un-American"
From a broader perspective than my portfolio I am in favor of the US preventing inversions. HOWEVER it should not need to be done by constructing convoluted rules to inhibit inversions as they occur.
This is ass-backwards. The US needs to structure it's tax codes so that inversions are not necessary economically and companies are not tempted to pursue them.
Our tax codes are simply not up to dealing with global corporations in a global economy. The laws need to deal with the dodges that are used in the first place by international corporations to 'recognize' income made in one country in a different country with a lower tax environment...where the money was not made. The problem is and has been with the fact that congress, the treasury and the president don't know how to do it... and can't get it passed if they did.
http://stockcharts.com/h-sc/ui?s=agn
http://blogs.wsj.com/moneybeat/2016...alls-treasurys-move-un-american/?mod=yahoo_hs
"Un-American"
From a broader perspective than my portfolio I am in favor of the US preventing inversions. HOWEVER it should not need to be done by constructing convoluted rules to inhibit inversions as they occur.
This is ass-backwards. The US needs to structure it's tax codes so that inversions are not necessary economically and companies are not tempted to pursue them.
Our tax codes are simply not up to dealing with global corporations in a global economy. The laws need to deal with the dodges that are used in the first place by international corporations to 'recognize' income made in one country in a different country with a lower tax environment...where the money was not made. The problem is and has been with the fact that congress, the treasury and the president don't know how to do it... and can't get it passed if they did.
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sell ralliesAnother big bounce from the pre-market. Up $15.00 from the time of your post to now.
Well today my foray into AGN was finally closed.
Someone put to my short Sept 300 puts. This gave me the stock.
I subsequently put the stock using my long Sept 295 puts.
My net was a loss of $376 per contract. All things considered an outcome that was not all that bad.
This is a problem you always have to anticipate when you have spreads that involve being short options.
Someone put to my short Sept 300 puts. This gave me the stock.
I subsequently put the stock using my long Sept 295 puts.
My net was a loss of $376 per contract. All things considered an outcome that was not all that bad.
This is a problem you always have to anticipate when you have spreads that involve being short options.