Been selling puts since 28$, thinking of selling more at jan 35$ but may be pushing luck if get some poor ebola news, imo 3q report will beat..
Imperial analyst fd us/me good with that bs 1.40 pt, at least the other guy at DB set a 2$ pt and mentioned some positive outcomes...I sold out at about 1.55, just have some calls that are pretty much worthless. GE etal srcwd everyone by dragging as on converts and mlp..just kept sayin how would do both at the opportune time..right.
Agree that dal repotr and ccall this morning very important, imo ebola panic likely did not hurt 3q results but will be hurting 4q if no positive developments soon.Fuel savings will likely more than offset this but not sure the market will care..
It would greatly limit the risks imo..should have a west africa ban from affected countries which is only a few..can have some limited exceptions for emergencies etc..sensible thing to do.
Crazy PT..ISI bought in august by Evercore, sound familiar? Handled ATM for drys...I'm just hoping for a bounce to 14-15 which is my CB..
I said repeatedly since 1q/2q that GE et al needed to get the converts refinancing done asap, Imperial analyst said couldnt beleive they waited this long.my guess is they were assuming rates would recover, orig pps would rise etc which would result in better terms, wrong!
Good point per UA, I have always said their lower market cap was enticing, need beter execution /oerations but 2q was solid
Crandall said on cnbc that fears of international slowdown also a factor and remarkable how airlines have gotten hammered even with fuel drop a big plus, consolidation etc
From HSNews..so much for the consensus opinion by MFool and others that lower fuel costs would not help shippers...shame tht Ge and CFo dragged their feet on the converts which has lead to the analyst downgrades , there are some positives happening with drys and shippers.Killers of course have been the drop in orig pps , no big sept rate rally and general stock market correction.But if converts had gotten done imo we would be closer to 2$ now...
Have to wonder if the big boys know something we dont or if their just selling into the panic..imo traffic will suffer if not contained etc soon..just a question of how much..I do not see oil making much of rebound..this time is different imo..lower prices will be around for 1-2 years imo...brent 80-90$..maybe less if weak world economy continues.