A few years ago in Dallas, Texas I made a last minute Christmas Eve gift purchase at a Conn’s appliance and electronics store. The shopping experience was horrible. The store reminded me of the Army …
Continue readingChristmas Eve
Quiet volumes on the half day session on Christmas Eve, with a few tech standouts for options. 1. EBAY – Trader sold more than 50k of the Jan18th 55 calls to close at an average price …
Continue readingMorningWord 12/24/12: First and foremost, all of us at RiskReversal want to wish you and your families a very Happy Holidays. Enis, CC, Kristen and I will all be traveling to see family over the next week …
Continue readingMorningWord 12/21/12: Last night saw a bit more action than most would have expected for the second to last Thursday of 2012. Earnings from the likes of NKE and RIMM have those stocks moving, and …
Continue readingMorningWord 12/20/12: The 3 month chart below of AAPL and RIMM’s price performance shows the stark difference in investor sentiment for the 2 smartphone makers of late. AAPL has re-traced more than half of its …
Continue readingMorningWord 12/19/12: Enis and I had a very interesting dinner last night with a former emerging market strategist for a large bank and a global macro hedge fund manager, where we debated the prospects for …
Continue readingMorningWord 12/18/12: All seems clear on the western front, so to speak. Mr. Boehner appears to be spending more and more time with his friend Mr. Obama, maybe they are both feeling a bit sanguine with …
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