Yup...up a bit more than a million at +61M shorted (as of July 15). BUT...this is coming off a 52 week low in short size of ~60.8M. Just eyeballing a 12 month average on this I'd say the average short position has been ~100M. So...nothin' to get overly excited about on the blip up....at least...not for now. ;-)
And just like that bid $19.84. No...$19.88. Ah the machines are really working it today ain't they?
Speaking of which the $20 Options (calls mostly) are getting worked, too.
Vincent: HA! Yes indeed they are. They've spent most of the session snuffling around the low end....scouting out were all the logical sell points would be and, to my mind, scooping up the cheapies so to reap the benny's of selling higher...seems to have worked what with the bid now at ~$20.03. But there's ~35 minutes left in the session; ample time to do two round trips from here to ~19.70 and back again....
Oust: While I agree with the sentiment if it's legal in the technical sense of the word then extradition will be tough.
Anyway, I get the "canned hunt" aspect. It's not something exclusive to parts of Africa. They do it here in the U.S., too. Let me say straight up here that I've always looked askance at such activities. My visceral reaction to it is....why? I understand deer hunting for venison and eating. But this sort of big-game "thang." I dunno.....I've had buddies go on bear hunts (and such) where the bear was basically all but chained to a post target-practice style. And these folks would come back bragging....? They're fantasists regarding hunting.
I will always maintain that this ain't hunting; and it's not even sport. It's a well crafted slaughter, nothing more. Hell...the comedian in me thinks that if they truly want to make it a hunt then arm the lion/bear/etc. so they can fire back. Or go into "da brush" lightly clothed, unaided by others or high tech devices, and in sandals carrying only a bow. THEN let's see how great the "great hunter" truly is. ;-)
Meanwhile the bid continues to churn up and down in the teens. No surprise...
I don't know from Cecil but my understanding of this weee event was that it was the killing of a collared, semi-tame, well fed, animal within a human bounded territory and such. All set up in advance with lures by attendants for the "great white hunter?" To my mind this wasn't hunting; it was shooting fish in a barrel. Tell me there's "sport" in such an affair as that, eh? HEH!
Yah....and if one wants to have any real chance of succeeding in this game you have to develop your human psychology skills. TA alone, strictly speaking, will not suffice. You have to be sensitive to the workings of the human herd...what makes it tick, what makes it nervous and all the rest....even if, as a group, we're akin to a herd of cats. ;-)
On the grand human herd scale, be it political, economic of philosophical everything is driven by popular delusions and the madness of crowds.....wait....there's a book title in there somewhere. Heh!
Equitie: What's this? Throwing luvs and kisses at the BOD and such? You and Sir Bove....drinkin' from the same fountain are we? ;-) I jest...I'd like to think BAC will be fine....though I'm not the gushing type (VGB). For now it's all about the game..and Master is holding/controlling the dice. So I'll just continue to play along with the action I see. Speaking of which....bid $18.07. The teens continues to be the swampy "push 'em back down" point. At least...for now....looks like $18 is coming up...again. Bid $18.05.
By teen swampies I mean, this time, the $18.teens. Just like the $17.teens and $16.teens before that, and the $15.teens before that. It seems this equity tends to stomp around in this "teen swamp" consolidating before moving on. 'Course....the WAG is past is prologue to future and that "moving on" will be further upside. But you know what is said about this game. It's that famous qualifier:
"Past performance is not an indicator of future outcomes(or something to that effect)".
So we'll have to see how it goes. Meanwhile CNBC just had #$%$ Bove on, and he was gushing about BAC CEO's performance and such. Jeeez, you'd think it was a case of man-love the gushing was so....gushing. But it seems to be having a PM impact...bid $17.26. I guess all I can say is...."Gush on, Bovie, gush on!!"
Bid closed at $18.16. I see why...at 16:00:29 a +2M share sell side boat-anchor shows up as having been dropped on that number....Kind'a puts a crimp in da Pooch's nose at close don't it? ;-)
Nope...no hint. Nada, zippo, zilch. BUT...the thinking appears to be the only (remaining?) extenuating circumstances "attenuating" the Fed's from taking the leap are Greece and China. And those two situations, while on-going, will probably become sufficiently irrelevant that the markets may start to price in an anticipatory increase towards years end? In other words....from now to Dec 31 we may see an ever so gradual continuation in the upside trend? All just my (hopeful) WAG....let's see what actually happens. Bid $18.17 in the final 2 minutes...ding DING! Let's see how it closes..
Nest....that $18.18 mark is looking more realistic than it was just a few short minutes ago (no pun intended). Bid $18.16. I think it'll come down to the buy/sell on close indicators.....
Poochies trying to keep his nose north of $18.10. And Master is trying to yank him back south of that line. It's a back-n-forth game right now....and if past is prologue to future Master will win the battle. Bid $18.11 and being walloped in usual fashion....but there's a bit less than 30 minutes left...let's see how it plays it into close....
Social media, ALL social media, which is really nothing more than the modern advertising game gussied up in new lipstick and a "Social" face, is highly, HIGHLY, over valued. Errrr...to my way of thinking.
Contemplate that they don't DO anything. They don't manufacture a thing. Hell they don't even act as a modern middle-man putting two aspects together like Uber. They simply exist to sell ad's.....of course my opinion makes little sense given the kiting to the sky that's being done by any and all equities that smell of the convention. But I've every confidence that, given enough time, the true value of these companies will properly determined....and for the most part that valuation will be decidedly lower.
All just my 2pennies worth while watching MU settle out....bid $19.78...
Who knows? All the usual reasons most likely, with some more valid that others. MU is a traders game, especially at extreme overshoot points in either the up or down direction. The action off the intraday high was a methodical downside walk that's turned chaotic south of $20. I expect it'll take time for yesterdays announced partnership gambit to truly sink in...but for now.....well....when you juxtapose the last couple of weeks worth of sessions against the surge of these last couple of days (remember the bid has just come off a 52week low set on July 27) it's easy to understand that shorter term thinkers are exercising their "bird-in-hand" rights."
All just a WAG, of course. Bid now $19.74. If we're lucky Lucy will let the bid close flat here....or slightly positive...
Thanky kindly Master for the some cheapie trading shares south of $18.10 when you yanked the Pooch post Fed decree. Seemed (to me) like a good place to play a buy side trade. Bid $18.11.
On a OT note....anybody else getting tired of the way Yahoo's Flash set-up for all their advertising keeps interfering with the thruput speed (for lack of a better description) of whatever you do on the site? Flash....ugh.....