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The Procter & Gamble Company Message Board

  • missmarket30 missmarket30 Feb 13, 2013 2:51 PM Flag

    Though overbought, institiutions like Ackman's Pershing Sq. Is Propping It Up

    Should be going back down to 70 or so, but instead it creeps higher - allegedly undetected but anyone who watches paint dry can see this is creeping higher - Ackman has a huge position in here and some big institution bought a lot of calls of the March 80 expiration - so it may be a speculative play or they know it is heavily shorted and people can't get out of their shorts - and so they will drive it up and keep driving it up - watch this carefully. Of note, there is also a large play on the put side but in April.

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81.23-1.03(-1.25%)Jun 27 4:01 PMEDT