Any input on selling TEA december and january 15 calls ? There are bids at .30 and .40 and especially for the january calls the R/R looks reasonable, at 4 to 1 if the price hoovers just below 15 or crashes, without the need to pay for the borrow fees in the meantime ( BTW I did open a moderate position with short stocks and short december and january calls, but I'm considering adding to it)
The Shorting of Frauds, Overhyped and Bankrupt Stocks Journal
- Thread starter Daal
- Start date
Also not sure wether it has been posted before here, but got the link from stocktwits. 18.4mil merger break fee, which doesn't sound scary next to a 614mil messy deal, plus SBUX could probably find legal arguments to even avoid this fee following Glaucus report
http://www.sec.gov/Archives/edgar/data/1314592/000119312512475853/d440727dprem14c.htm#toc440727_62
http://www.sec.gov/Archives/edgar/data/1314592/000119312512475853/d440727dprem14c.htm#toc440727_62
Looks like OSG is not over
http://seekingalpha.com/article/102...uaranteed-zero-for-equity-holders?source=feed
http://seekingalpha.com/article/102...uaranteed-zero-for-equity-holders?source=feed
From that document, a tidbit that may tell us why Teavana hasn't recalled anything yet:
Glaucus, it looks like, put them in the mother of all binds. If they institute a recall, they are instantly in violation of their merger agreement. If they don't, and Glaucus is right, they will be found out by the independent verification that Starbucks is doubtless performing as I write this.
I wouldn't want to be the Macks right about now.
A vol increase didn't occur at the top in Apple (PTJ was talking about the nasdaq in 2000 when he made that statement), the Apple top was actually quite calm and uneventful. The sort of high vol tops PTJ mentioned were things like dot.coms in 2000, Nikkei in 1989-90, and I guess commodities in 2008 and silver in 2011 would qualify also.
Are big down days really predictive of future declines? There have been numerous big red bars in the past, that were followed by large gains e.g. June, August and October 2011, the flash crash in 2010, and the decline in May. Those were all followed by further rallies, not big additional declines.
I don't think it is quite that simple.
IMO You get big red bars/large drawdowns in stocks where holders have large profits - someone with a 300% profit is not overly sensitive to 10% slippage to get out. Although if you have followed web boards on a stock you will see how the people rotate - very few buy and hold for making the maximum profit and those that do usually ride it all the way down again.
Following a web board through a complete market cycle is very instructive - the top really does seem to come when there is no more wall of worry and it's all blue skies.
Post directed generally, not at you directly Cutten, you know all this an more methinks.
I had to lock the journal after so many people started shorting TEA at IB, ruining the short. Now that it looks like SBUX will go ahead I'm bringing in back. Trade didn't work but I'm happy to have taken it, lost less than 40 cents a share from entry(covered in pre) and could have made $5-$8 a share
There is just no limit to corporate stupidity when it comes to M&A, gotta remember that
There is just no limit to corporate stupidity when it comes to M&A, gotta remember that
covered at 15.37 -0.69
holding a tiny bit
I just did options. Lost a bit, barely a bump. Had it worked it would've been worth a couple thousand. Not a biggie either way.
What I'm wondering is, if Glaucus was right, will this just disappear as Starbuck's takes over and sources higher quality teas, or will this come back to haunt them later? It's an interesting question.
What I'm wondering is, if Glaucus was right, will this just disappear as Starbuck's takes over and sources higher quality teas, or will this come back to haunt them later? It's an interesting question.