---the loans are backed by almost nothing----
Are you saying much of the debt issued by the three Russian banks was unsecured by any hard assets? I find that very hard to believe. I thought Igor pledged shares to make up for the loss in value of those hard assets.
---he took them back, leaving the loans unprotected. this why they suing him in court to seize his shares.---
I wonder how Igor managed to 'unpledge' his shares without approval from the debt holders? Did he break into a safe at the banks and take the share certificates?
Yes the whole sector is down so what? Yes MM are highly likely delta-neutral so what?
The traders taking the other side may or may not be hedged. No one knows that except those with the associated positions. And why is VALE glued to 12 today? You think that has nothing to do with the large put OI at 12 strike?
You forgot nickel. Last I checked it generated ~10% of profits last quarter. Anyway, I started a long position today with ITM leaps calls.
A pittance? 50K contracts corresponds to 5M shares which is roughly 25% of the ave traded volume. That's significant imo. What the strategies behind these options positions are no one except those who traded them knows.
Huh? It most certainly is quadruple witching date today and market action is factoring this in.
And I don't know about all the stuff the original poster claimed, but VALE price is evidently being pinned at 12 because of the large OI at this strike price on the put options expiring today.
Uh, seriously, how much met coal does Middle East and Africa use again? Like an upgrade over there matters in the big picture.
@@@@@Goldman Sachs analyst Neil Mehta and team don’t think coal prices are close to bottom yet. They believe met coal could fall to $120 a metric ton during the fourth quarter of 2014
I like how he bailed out as the ship slowly starts to sink. Perfect timing, unlike the CSCO CEO Chambers who still thinks he can get to harbour safely.
+1. Interesting also that there's been no significant rollover of this position. The only large open interest I see is in the 30 strike puts for Jan 2015 and 2016 expiry.
Are you nuts? We finally get some positive news and sustained upward price momentum and you want a pullback that could destroy it? You had many opportunities in the last few months to buy at that level or even much lower. If you did not have the conviction to add to your long position during that period that is your fault. Deal with it, and be happy that the stock has finally turned the corner. Sheesh!.
It's not always that simple. Debt may not be maturing, but a failure to meet covenants attached to the debts could trigger demands for early re-payment.
The drop might be related to GS downgrade of coal miner BTU to Sell. The entire sector took a hard hit on the news today... just take a look at WLT, ANR, etc.
Yup it all started back in June with that Citi analyst note. Looks like ThirdPoint (and I can only assume other hedge funds) were doing the buying that drove up the share price. GS put out that BS call just to get in on the action before it was too late... fuggers...
@@@@@In June, Citigroup analyst Faisel Khan laid out the case for a break-up, saying that measures including spinning off TransCanada's power business and placement of the remainder of its U.S. natural gas assets into a master limited partnership (MLP). That could boost TransCanada's share price to C$76, Khan said. That scenario triggered investor interest and several large U.S. hedge funds that pursue activist investing strategies, including Daniel Loeb's Third Point, have looked at the company, two people familiar with the matter said.The people familiar with Loeb's New York based firm said he has amassed a position over the last few months. Third Point declined to comment.
Yes I did. Did you read my post? I am referring to existing customers and whether or not they feel it is worthwhile to upgrade... they don't seem to be jumping onto the bandwagon based on the dearth of such announcements by DWCH.
So why such weak sales of their newest SW? Maybe the old SW is good enough for most users. Maybe visualisation is all buzz and simply not all that useful. Looks to me like no one wants to buy this mutt.