Gold Options Trading Heats Up (GLD)
Based upon the rise in oil and commodities and the ultimate flight to safety or the ultimate flight to inflation protection, we are seeing again some increased call option activity in SPDR Gold Shares (NYSE: GLD). This is the ETF that tracks the price of gold by essentially 1/10 of the price. At 11:08 AM [...]
Day 3 Murder-Markets: Fannie & Freddie (FNM, FRE)
We are seeing yet another day of the murderous selling in Fannie Mae (FNM) and Freddie Mac (FRE). This is becoming a self fulfilling prophecy despite the GSE’s saying they are adequately capitalized. At 9:42 AM EST we have seen already 19.2 million shares in FNM trade down 7% at $4.18 and 15.3 million FRE [...]
SECTOR GAP-UP: COAL STOCKS (ACI, FCL, MEE, BTU)
COAL STOCKS are gapping up higher this morning at the open, and it isn’t just over higher oil prices rising almost $4.00 to back over $118 per barrel. UBS has raised its sector ratings to a BUY from the NEUTRAL sector rating. Shares raised to BUY were Arch Coal (NYSE: ACI) +3.5%, Foundation Coal (NYSE: [...]
Price/Volume Alert: Airlines (UAUA, JBLU)
Higher gas costs are already rolling back into hitting airline stocks. As some of these have risen 3-fold or more from lows after the last $30+ drop in oil prices per barrel, any rise in black gold takes a toll. UAL Corporation (NASDAQ: UAUA) closed yesterday at $12.40 and the last trade at 9:03 AM [...]
MAJOR PRICE-VOLUME SPIKE: Thermage Inc. (THRM)
Thermage, Inc. (Nasdaq: THRM) is seeing a sharp spike in trading volume this morning followed by a sharp gain in the stock. The company announced that it has received a revised unsolicited, non-binding proposal from a third party for an alternative transaction to Thermage’s pending merger with Reliant Technologies, Inc. The unsolicited and non-binding proposal [...]
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