lol..i got to see the tape on that one. Her answer of cyclical issues to unemployment only to hedge herself later on with saying structural is a problem too was also laughable. She isn't going to take chances, she will continue to walk in Bernanke's shoes. And she needs to get out more to see what is happening in the real world.
she must have had a very easy confirmation hearing...geezus, she clearly was handed the job for gender reasons. I hate to say it, but it is what it is.
she is trying hard to act Bernanke-like...and it is coming off like a puppet without a brain. This is hilarious but unfortunately, serious matter at stake.
she is Bernanke in drag, so the market likes that...she is no Bernanke though, not even close. She is more like a puppet who can be manipulated by the markets. I guess that is bullish.
not sure if markets anticipated she is so weak that she has to follow bernanke's footsteps and even more willing to suck up to the markets her first year. I say she is way more apt to be manipulated by markets than Bernanke ever was and being the first female at the post, I'm sure she likes the market to remain stable or go higher for her own show.
they eat babies now too to keep the population down, don't you keep up with the news?
sometimes when there is a large convertible like what Sina did at $700 million late last year, those investors essentially can short the stock and pound it since they have shares to cover it if the shares shoot up. Last time Sina did some issuance with Goldman, I think even the CEO lent out shares presumably to others to short the stock. This is just a very volatile stock.
new shares of the spinoff would be distributed to SINA shareholders. Not sure how they arrived at $8B valuation? If that was the case, I would think it should be trading near those levels now given all the hoopla surrounding WhatsApp and Twitter. Maybe Weibo is not gaining as much traction as WeChat and others have caught up fast? or maybe the IPO is still further down the road? or maybe the valuation is a bit high and it has to come down a bit? and outside of Weibo what are the valuable assets of Sina? I'm also on the long side but nothing close to 3k shares. You probably have a lot of conviction to put that much on the line.
look like this a lot of calls out there for this month $70 strikes and above, more so than any other month this year. Someone expecting IPO news or some catalyst this month to pop the stock? or all these options go worthless.
well, the bailout, of say, AIG was a FED position in the ownership of equities in AIG, although it is the Treasury that benefits - but it was a FED negotiated bailout so one can reasonably argue the FED do buy equities.
the govt owned an equity stake, you can split hairs by saying it wasn't open market purchase but bottomline is the bailout ended up equity ownership and it was the FED who negotiated the bailout of AIG. One arm of the govt puts up the cash, the other (FED) does the negotiation.
guess those options did offer clues as to where the odds are for this stock to swing. 12k call options outstanding at 80 strike and 12k outstanding at 90 strike for March.
will see how much volume trading today, pretty heavy already. I've been involved in this stock as well, it really needs to hold onto some gains for some trend to develop and this IPO spinoff needs traction. With the rest of the Chinese nets soaring, this was bound to pop, just how far and will it last?