was already priced in but the media has a way of getting the market to have a second bite at the apple.
Not likely to happy since those calls are priced very cheap right now. Put sellers are also lot asking a lot of premium considering the sell-off that has occurred today and yesterday so it appears that this will trade in the range of 430-440 between now and Friday. Of course the Fed announcement tomorrow could change market mentally significantly in either direction.
I thought this was a screaming buy at $452 and now here it is selling for more than $20 less only two days later and there are hardly any buyers, even with the broader market having an up day. Sure looks like some people got trapped believing in all the rhetoric last Friday.
this could easily be back to par by tomorrow's open
more like 20 -30 billion....1 billion annual profit with a multiple of 20 - 30 since that annual profit is before g&a expense
the bigger that revenue figure gets the harder it is to have better numbers next time around. and still no profit.
you are doing a lot of pumping here. how much will you lose on those calls you are holding if your prediction does not materialize?
then the 90% of shares held by institutions and mutual funds can finally be unloaded to the retail investors