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Non-Tech : Bill Wexler's Trading Cabana -- Ignore unavailable to you. Want to Upgrade?


To: RockyBalboa who wrote (1888)5/1/2007 4:30:47 PM
From: RockyBalboa  Read Replies (1) | Respond to of 6370
 
Shorting Bankrate (RATE), slightly under 40.

Earnings (or not) tomorrow.



To: RockyBalboa who wrote (1888)5/2/2007 12:15:41 PM
From: The Reaper  Read Replies (1) | Respond to of 6370
 
Re: DJ

"Because of the unusual move in the stock and the volume before the announcement, it's mostly likely that the regulators will be looking at this."

The sad part about this kind of trading is that literally, you can get away with using "I just thought that it was a good time to load up on options because DJ was so undervalued" as a defense and get away with it. I've seen it happen first-hand when Fruit of the Loom bought some company that I can't remember the name of some 16 years ago.