i should also say short term momentum can be more powerful than fundamentals. Stock needs to hold 7.51 tomorrow or good bye.....it will be shorted lower.
Maybe....might not have been able to push it as low as they would have liked. This is not a good short at these levels. Even if the market corrects. definitely buying going on... I see some quite a bit of options on the August that just traded. 5000 call and 5000 puts. If price continues higher then one should assume 5000 calls were bought and 5000 out of the money puts were sold. Not counting on it.
why would someone sell if the stock already took a 20% hit/?? it outlook that bad for this???--andswer ...is no....this stinks like manipulation...period.
I bought Radian at 3.25 avg cost and sold at 14 bucks...did the same for GNW. Get your facts straight!
FYI folks the aim of the institutions using options strategies might be to gradually push the stock lower to 10.50 levels by August. Not go long the stock till the clarity with the outlook is better. Food for thought.
Options are controlling this big time again. Expiration is today...not alot of open interest but there is not alot of volume either so MM is hedging their VEGA.
It doesnt mean that they cant force it down more....it will just take lower number of shares. One highly manipulated stock for sure.
Looks like my call was spot on months ago. Mgt could shake things up a bit by putting a dividend back on but then the rating agencies would have a fit! Stock is dead money for now. They will not let this rise until they want it to.
it is call price containment for whatever reason. Accumulation. short covering...manipulation etc. who knows. MBIA is currently a value trap. No return on equity, no return on assets, poor interest rate environment, poor liquidity...although slowly improving. Tutes know all of this which is why they are pressing the price. This stocks has been the playground of traders for several years and hopefully by the end of 2014 it will star producing results and writing new insurance again. I am long only because I am stubborn...obstinate investor.
a big block occurred in the pre market this am. could be a short covering or negotiated sale between tutes. June options are heaving skewed towards puts and I believe that they were sold which obligates the seller to buy at 12 bucks. If you were short from 15 bucks then you made out handsomely and it would be prudent to cover some which the sale of put options at 12 bucks makes sense. I think we are seeing slow and steady accumulation. Hopefully we can break out of this range soon!
Dell you cant compete with the large tutes recycling shares among themselves. do you know the difference of selling call versus buying them? Very clear price is being held down might as well get some income while we wait.