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KCG Holdings, Inc. Message Board

  • gappertrade gappertrade Nov 26, 2012 3:59 PM Flag

    Shorts to be trapped and squeezed after hours on news with no way to get out

    They will be forced to cover at much higher levels.

    Sentiment: Buy

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    • I was really surprised that did not happen today . .when it hit 3+ they walked it right back down. Day traders profit taking possibly but more likely big money MM's holding price and moving in. There was plenty of opportunity for big money to get out in the mid 2's if they so desired.. so all signs point to a squeeze. Not sure of the scope but .....

      This quote I read today says it all IMHO . "Knight could fetch roughly $1.1 billion in a sale. Nearly all of the value would come from its electronic trading business " . . That's from Chris Allen, an analyst from Evercore so I'll use his number and expect this to pop sooner than later when bids start to come in at that level .

      Sentiment: Strong Buy

 
KCG
10.62-0.63(-5.60%)4:03 PMEDT