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In range bound markets, 90% of the return comes from dividends. – Vitaly Katsenelson, author of Active Value Investing: Making Money In Range Bound Markets (Wiley, 2007), on CNBC’s Closing Bell, Tuesday February 16 In last week’s Client Note,…
I learned more about option trading strategy by playing poker than I did in all my college economics courses combined. – Jeff Yass, The New Market Wizards: Conversations With America’s Top Traders (1992), p. 396 – Yass majored in economics…
Well, well, well, whatdyaknow: Google beat analyst expectations (GOOG Earnings Release) and the stock, weighed down by fear and pessimism, is borne again. Google lovers must be feeling like they’ve been touched by the holy ghost because they are buying Google in…
With no clear indication of which way revenues are trending, this is a tough quarter to trade. – Jason Helfstein, Analyst, Oppenheimer The uncertainty surrounding Google’s forthcoming 1st quarter earnings report is incredible. Are they going to meet? Will they…
An interesting little post (subscription required – ???) over at the WSJ’s Deal Journal blog: Trading [in Dow Jones options] was particularly heavy April 17 – the day we’re told the approach from Murdoch was made – and last Wednesday,…
Ever since reading Steve Jobs phenomenal graduation speech at Stanford University in 2005 I’ve been a fan and a believer that he was a business leader with a solid moral center. But a startling front page article (subscription required) in…
In a post from about 3 weeks ago (Wed Feb 14, 2007) entitled “All Clear Ahead” I recommended going long the Nasdaq-100 Trust in the form the Jun07 $43 calls (QQQFQ) which could be had at the time for $3.10…
Puts Calls Put/Call Ratio February 117,646 134,162 .88 March 236,974 160,127 1.48 April 43,401 9,966 4.35 Source: Scottrade, as of approx. 3:00pm EST What this tells us, I think, is that there are still alot of bears out there. Even though options buyers are…
In his semiannual testimony before Congress which began this morning (Wed) at 10am EST Fed Chairman Ben Bernanke said that he is comfortable with current interest rate levels and that the factors contributing to inflationary risk appear to be waning…