Call Buying Continues.

The silly level of call buying is back today and despite that the market is only managing a meager bounce. Normally I would say that is bearish but there is a lot of noise the morning after expiration.

7 comments:

Anonymous said...

I might start a position in GS @ 145

Random Thoughts said...

who are you?

Anonymous said...

It's still bearish

Anonymous said...

Tsachy, why do you think the gov. is selling their "c" shares this week?

Tsachy Mishal said...

They announced they were selling on April 1. The only reason I could think of that they havent started selling is because they didnt want to be accused of insider trading. Now that Citigroup's earnings were announced they have no inside information.

Tsachy Mishal said...

Im out of JTX in my play (retirement) account.

Anonymous said...

Well I think that was a bad sale on JTX but shit, 25% don't hurt right?

I'm looking to unload at 2, the momentum from today should warrant at least a 10 cent pop at the open. Plus I think the market is going over 1200 tomorrow.

Why don't you short NFLX. I heard it's a shitty business to begin with because everything is going the way of digital rendering obsolete physical dvds.

I"m in agreeance in the next few years, I think it will go the way of BBI.

But there will always be people over 40 years old who still call dvds and movies video tapes I guess