Hmmm....wonder what the options are doing? Looks like the $16.50 Calls out thru June 5 were larger than anything else. And then the June 19 $17 calls show a large volume "blip" today. And then if you go out to Jan 2016 you can see the $17 Calls open int is +600K. All of this is something to make you go..."hmmmmm?" ;-)
Nest: Close at $16.35? I dunno....I thought so, too, when it started what looked to be the usual walk-down....bid got to .37 then flipped right over and moved strongly to $16.42. Granted there's a lifetime of time (~40 minutes) between now and close but...if it stays like this I'm looking at +.40 to +.45...? Just a WAG of course..
What, who? $17.12? Hmmm....well...I'd stepped aside on other adventures so wasn't paying attention...maybe I should pay less attention? Bid $16.40? So $17.12? Well...from Nest lips to the market Gods ears is all I can say by way of reaction to that... ;-)
But let's see how it closes....my thinks THAT will be the tell, the signal, to watch...is this a one day wonder (of a rise), or something sustainable?
And the churn continues with the bid now appearing to once again settle back. $1.34. So here's the reality from my point of view, and I am playing in accordance with the logic. The powers that be have only one thing in mind; one goal while all the FUD swirls...and that is to maximize their self-interest by churning NBG (and the like) within a range that is pretty clear....at least...to me. Grind it and churn it....and make that money while the making of it is so "easy." FUD does that.
Just MO of course...I could be wrong..
Over on CNBC anybody watching (now) Einhorn SLAM the Frackers!? I'm rolling on the floor laughing over the truth of what he's presenting right now. 'Course, without a DOUBT he is talking his book...but even so...what he's saying bears listening to if you're in that space....
Meanwhile...back on topic....bid now...$16.32!!?! Can I STAND this upside push? (he says while thinking "of course" )
Equity: LOL! Just got to pull out the political knife, eh? Hey...there's a basic reason the Exec's are quiet...and it has little to do with the Big O and his administration. More to the point the very same folks, more or less, who waltzed us shareholders into the midst of this debacle waaaay back in 2008....and I trust you have adult memories from that time....are more or less STILL THERE!? Unbesmirched by all that they did. So sure we shareholders have been taking the results of THEIR ACTIONS on the chin....but I don't see anybody in senior exec circles being held particularly accountable. Why are you being so kind as to overlook? After all, they're the ones that allowed the guberment camels nose under the tent in the first place. Never, EVER, forget that fact...
Juuuust sayin' is all. Oh...look'it THAT! Bid $16.30. Master does seem to be allow the Pooch to frolick!? ;-)
I'm trying not to watch BAC's action....call me superstitious but I don't want to jinx....not that little 'ol me has anything like that kind of power (heh). $16.22 and looking pretty good so far.....maybe Master is feelin late Spring frisky? Lord knows it was stupendouse week-end here in the north east...and it's carrying over into today....let's see what happens next...
Okay...bid made an (initial) run to ~$107.50...exhausted itself and sagged to - now - $106.97....I'm holding and watching/waiting...with a stop on my current open trade a bit south of $106.50....let's see how this one goes....could take a bit of consolidation before getting truly north of the upper channel boundary....bid $107.03.
Mw: Yah..."stupid"...heh! Anyway....I just had to pull the trigger on a trading tranche I've had in ISIS here at ~$61.30.....got it off the recent lows and been holding it....it's a "bird-n-hand" type of trade....too much on the table to ignore....that said I've also got a core position in the equity that's +2yrs old....I'm holding it...just trading around it....and gigglin' while I do so. ;-)
Bid $106.30. It's starting to shape up as a break-out...but until it gets well north of $107.50 on volume I'll still label it as channel constrained.....not that I'm not happy with the current rise mind you since I've been all about playing the channel...still holding the last trading "get" from the latest downside foray....just watching it closely...
Meanwhile anybody (else) playing ISIS? Nice piece of news on that one just out...
Hmmm....PM bid showing $74? It's showing $74 x $57.75. No trading yet but possibly indicative? Quite frankly I'm bullish but don't think that'll be anywhere near where it'll open....and if it does I'm gonna have problems constraining my sell sell sell finger. Heh!
Dave: I can appreciate the enthusiasm but must say I think there's a snowballs chance in hell this thing sees $2 this week. I'll settle for +$1.50 best case....no sinking back sub $1.10 as worse case. ;-)
Halted because of this news. Guess they're letting it all sink in before releasing the dogs? It's been halted a bit longer than I would expect for such news as this...
"ISIS Pharma (ISIS) just announced a license agreement with Bayer to develop and commercialize its ISIS-FXIrx thrombosis treatment. ISIS is eligible to receive up to $155 million in near-term payments, comprised of $100 million up-front and $55 million upon advancement past a Phase 2 study. ISIS is also eligible to receive milestone payments as the drug advances towards the market, and tiered royalties.
Well...looking good...and Lord knows the talking heads of CNBC, et.al., were singing the praises of the Finny's (late Friday and Sat) with regard to those sectors that are projected to do well for the second half of this year.....but weren't they sayin' pretty much this same thing about the first half of the year at the end of last year? Heh! Anyway...maybe this is the week Master allows the Pooch to put the $16.teens to his rear? Let's see how it plays...
Martin: Relax...you'll see $18 again in a couple of years. ;-) Just joking..but without a doubt this equity plods along...both up and down...
Interesting. I don't view the reparations as anything meritorious from a Euro standpoint....but it does point to an indirect olive branch Merkel might be holding out....one which might be a harbinger on resolving more relevant issues in a fashion all active participants can accept? In any case this week should be interesting...