CNBC had a big news, which means everyone is bullish. It will take half hour and then what?
Top Institutional Holders
Price (T.Rowe) Associates Inc 2955248
FMR, LLC 2293085
Vanguard Group, Inc. (The) 1490694
Lord Abbett & Co 1376059
Citadel Advisors LLC 1022316
Franklin Resources, Inc 798805
Adage Capital Partners GP L.L.C. 5686668
BlackRock Fund Advisors 581739
BlackRock Institutional Trust Company, N.A. 567607
State Street Corporation 531298
Top Mutual Fund Holders
Fidelity Select Portfolios - Biotechnology 947211
Price (T.Rowe) Health Sciences Fund 904005
Fidelity Contrafund Inc 775936
Price (T.Rowe) New Horizons Fund 706211
Lord Abbett Securities Trust-Fundamental Equity Fund 612700
Price (T.Rowe) Mid Cap Growth Fund 450000
Vanguard Small-Cap Index Fund 442468
Vanguard Total Stock Market Index Fund 395505
iShares Russell 2000 ETF 377454
Federated Kaufmann Fund 330000
For get the earning, look at the technicals, ABB is getting good volume and block activity. Forget the fundamentals; it is a big move lasting till the end of this year.
Sentiment: Strong Buy
Yes, but a wise trader has lot of research at his disposal. If it was all surprise, a good player can afford to lose 100.000 or more a day. Try to Google search Jesse Livermore. He made millions in 1929 betting against others, but died broke.
JFK' s father shorted while Rockefeller bought US steel in 1929 crash. That is why JFK had lot of enemies.
Remember it is just the news, reality will take years.
Date .....short interest.......daily volume......days to cover
6/30/2014 .....1,699,005 ..,,386,021... 4.4
Many of these folks have options, or mutual funds, trying to make extra money. It is possible some hedge fund maybe short, but I doubt it. Rule to short a stock must have more than 100 million shares. Lot of folks were short AAPL and MSFT, both companies have lot of shares.
Smart money knows how to play.
Traders shorting stock with less than 50 million shares, generally have cheap options. Please see the options outstanding. Most hedge funds when the short 10, 000,000 shares have friends in Mutual fund managers, who tell them that they are or will be liquidating shares soon.
if you are in charge of mutual fund and you plan to sell 5,000,000 shares of GILD ( Earning tomorrow) GILD has 10,000,000 short interest , you tell your friend that you feel good and will not need medicine. That means the same in if the conversation is recorded.
Tonight after hours it took 10 minutes near 7:50 pm till close to sell 1000 share short around 179.50.
The person shorting the stock either has options, please check August options. Or has a friend who will decide to liquidate the Mutual fund.
Some folks who have lot of options may buy 1000 shares near the close at 180 to fool others. For Example if I had 50 options of strike price 100 expiring in August, I paid less than 2 dollars, then I will buy after hours to fool buyers.
Stock will determine it real price around 10:00 am when the volume exceeds 500,000. I am sure before Mutual funds can sell and can get bid for 50,000 shares the Hedge funds will sell at lower price.
People buy lower price option and sell high price, Derivatives(Google search). Block houses have derivatives, it is long term calls and put agreed between big players.
Top Mutual Fund Holders
Holder Shares .---------- % Out
Fidelity Select Portfolios - Biotechnology 947,211 .---------- 3.15
Price (T.Rowe) Health Sciences Fund 904,005 .---------- 3
Fidelity Contrafund Inc 775,936 .---------- 2.58
Price (T.Rowe) New Horizons Fund 706,211 .---------- 2.34
Lord Abbett Securities Trust-Fundamental Equity Fund 612,700 .---------- 2.03
Price (T.Rowe) Mid Cap Growth Fund 450,000 .---------- 1.49
Vanguard Small-Cap Index Fund 442,468 .---------- 1.47
Vanguard Total Stock Market Index Fund 395,505 .---------- 1.31
iShares Russell 2000 ETF 377,454 .---------- 1.25
Federated Kaufmann Fund 330,000 .---------- 1.1
Option strike price 100 has open interest 1,449
Option strike price 75 has open interest 1,093
Option strike price 70 has open interest 1,691
Option strike price 65 has open interest 1,419
1449+ 1093+1691+ 1419 = 5652 or 565,200 shares
Who knew and when?
SEC should look in to this.
If wishes were horses beggars would ride. Company will not show profits for 3 years, by that time others will reach there. Not enough employees in the research office.
Sentiment: Strong Sell
Settlement Date ….Short Interest…. Avg Daily Volume ……Days To Cover
6/30/2014 ………..800,939……..….. 657,802 …………………………….1.21
6/13/2014 ……...1,067,280 ………,,,,..1,004,922 ………………………...1.06
No sure if this will last, there is not much volume and no block activity.
Please watch last hour if GRFS closes strong and has follow through tomorrow. This one day wonders is an old trick, to get you in.
Settlement Date …..Short Interest ……..Avg Daily Volume……. Days To Cover 6/30/2014………….. 2,451,269 …………….707,974 ……………..3.46
6/13/2014…………. 2,252,809……………. 802,285 ………………2.80
Range ….48.62…..48.19…..48.49…….39,920 Volume…9:45am
Life time high followed by new high is very bullish.
Sentiment: Strong Buy