I don't know wtf's going on here, but I did just buy more ADT puts with the stock now at $42.
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RM's occasional market calls...
- Thread starter Rearden Metal
- Start date
Taking a good old fashioned anal reaming now, and don't even know why.
Any ideas what the hell is up with ADT? Takeover rumors?
Any ideas what the hell is up with ADT? Takeover rumors?
Quote from Rearden Metal:
Taking a good old fashioned anal reaming now, and don't even know why.
Any ideas what the hell is up with ADT? Takeover rumors?
Somebody knows something...
You'd think that IRS tax bill would depress the stock, not cause it to rise....
Maybe it's a monkey off their back... sell the rumor, buy the news kind of thing...
At $42.15 now and I'm reducing some size in the face of this mystery risk.
Technically speaking, it looks like the top is in here at 42.75
good luck,
surf
good luck,
surf
Quote from marketsurfer:
Technically speaking, it looks like the top is in here at 42.75
good luck,
surf
Right, but I still really need to know what the news is. The more it drops, the more I reduce... until I know what's going on.
You know what would REALLY be fucked up? If this entire thing was all just a fat finger error/bots run wild, or the like.
Quote from Rearden Metal:
Right, but I still really need to know what the news is. The more it drops, the more I reduce... until I know what's going on.
You know what would REALLY be fucked up? If this entire thing was all just a fat finger error/bots run wild, or the like.
My guess is that this upgrade of an unrelated company with the same ticker on the London Stock Exchange is the cause of the price increase in ADT. Some people can't read.
http://zolmax.com/research-analysts...shm-avv-bag-cey-ckec-cno-csrt-cvs-expn/77730/
AdEPT Telecom plc (LON: ADT) had its target price boosted by Northland Capital Partners from GBX 108 ($1.61) to GBX 115 ($1.71). The firm currently has a buy rating on the stock.
Quote from pbj:
My guess is that this upgrade of an unrelated company with the same ticker on the London Stock Exchange is the cause of the price increase in ADT. Some people can't read.
http://zolmax.com/research-analysts...shm-avv-bag-cey-ckec-cno-csrt-cvs-expn/77730/
AdEPT Telecom plc (LON: ADT) had its target price boosted by Northland Capital Partners from GBX 108 ($1.61) to GBX 115 ($1.71). The firm currently has a buy rating on the stock.
Actually, I've seen that sort of thing happen repeatedly in the past, and HFT Algo-bots probably can't differentiate. Our market is now firmly in the hands of Hal 9000, Gort, and Bender.
Not a far-fetched explanation in the least, thanks.
Quote from western:
9,000 contracts traded in the Aug 44 and 45 calls today. How attractive is ADT as a takeover target?
Not impressive size to consider takeover, a hard bet yes, but far from takeover numbers.
In my opinion, ADT just doing a technical move, downside should resume shortly on this stock.