How would you bid for the FIZZ April $30 Calls? They will not fill!
- Thread starter RabidTrader
- Start date
TM I thought FIZZ looked like it wanted to hit $35 by Year End. Stocks that won't fall unless their's desperate selling, I noticed that with HRL back when it hit $54, HRL was getting absorbed while Meat Companies like PPC and SAFM fell from $36.5 (after the big Dividend) to $19 ($24 including the dividend) and SAFM $90 to $65 while TSN did not crater like them.
Its times like these you can see which stocks are the best, have the best sponsorship. TSN during the Bird Flu mess fell to $37 from $42, HRL $59 to $54 while stocks without diversified businesses traded like a commodity. I read where both HRL and TSN are trying to get away from being pure plays to "packaged and prep dinners" unlike PPC, LUK and SAFM. When you look at HRL and TSN's chart and compare it to PPC and SAFM, it shows us how we need to keep our assets like a submarine's built. The "pure chicken plays" did great when prices were good, now that we have a glut of chicken, their treated less favorably than Hormel and TSN.
Does b-School teach CEOs how to grow a company after buying them from a "founding family" or just cut costs like Chain Saw Alan Dunlap?
Robert, did how did a stock like iParty(back in 2002-2004) trade on the Amex Exchange, I have another funny story about clobbering a bunch of knuckleheads on tiny little I-Party.
Its times like these you can see which stocks are the best, have the best sponsorship. TSN during the Bird Flu mess fell to $37 from $42, HRL $59 to $54 while stocks without diversified businesses traded like a commodity. I read where both HRL and TSN are trying to get away from being pure plays to "packaged and prep dinners" unlike PPC, LUK and SAFM. When you look at HRL and TSN's chart and compare it to PPC and SAFM, it shows us how we need to keep our assets like a submarine's built. The "pure chicken plays" did great when prices were good, now that we have a glut of chicken, their treated less favorably than Hormel and TSN.
Does b-School teach CEOs how to grow a company after buying them from a "founding family" or just cut costs like Chain Saw Alan Dunlap?
Robert, did how did a stock like iParty(back in 2002-2004) trade on the Amex Exchange, I have another funny story about clobbering a bunch of knuckleheads on tiny little I-Party.
I think Hormel fits the consumer packaged goods category already. Sure, it still slaughters hogs and turkeys but take a look at their website ... they've been buying/building brands for a while now.
http://www.hormelfoods.com/Brands/Brands
P.S. I've been to the SPAM museum, so I'm an expert. ;-)
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rmorse
Sponsor
Not familiar with that one.
You must have been to Hawaii too, how many people come back and soon go through a period of not getting enough SPAM, Eggs and Potatoes. SPAM Museum, that's cool! Make's me hungry for a late night burrito filled SPAM, potatoes, eggs, jalapenos and pinapple..
Robert, what about "WELL", the Amex Stock that went nuts when Bush started the war with Iraq. WEL went from $.06 to $3.00 in pre-market. I made over $400,000 trading that stock, the risk management from my Brokerage could not say anything because it was a cash stock. I had my biggest trade ever back in 2002-2003 on WEL, do you remember them? They did insane volume when all the public joined them. I would scalp $.30-$.60 on 100,000 shares!
rmorse
Sponsor
I only traded equity options. I mostly trade AAPL and some others at the same post as they got busy.
As rmorse pointed out, the volume of the underlying is important. For options strategies I only trade against underlyings with at least 1M average daily volume.
FIZZ is only 58K...
FIZZ is only 58K...
Holy Crap, we are short term traders, when I posted yesterday about buying MCD at $100.99 to $101.20 those Calls were $1.14x$1.30 and everyone had the chance to dump at $1.70+ Looking at YUM now, I understand why we need to be extra careful! My premise was we could get a new 52 week high, we got it and you sell.
This is why I get afraid of telling people how and what I buy because I can dump stock options like YUM after buying at $76 and watching it move to $83, to hold longer is greedy. I hope everyone is safe, can't believe YUM blew up.
This is why I get afraid of telling people how and what I buy because I can dump stock options like YUM after buying at $76 and watching it move to $83, to hold longer is greedy. I hope everyone is safe, can't believe YUM blew up.