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#72
10-31-2007, 11:05 AM
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Re: Positions Thread
GOZ (CA)
MTO (CA) RADS NTLS OSK DRA is going to be bought out at 13.55 a share next week. Its at 13.01 now. 
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#73
10-31-2007, 01:09 PM
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Re: Positions Thread
[ QUOTE ]
GOZ (CA) MTO (CA) RADS NTLS OSK DRA is going to be bought out at 13.55 a share next week. Its at 13.01 now. [/ QUOTE ] I have always wonder how this type of purchase is possible. Shouldn't the market be reacting instantly to this kind of info and at least pushing the price towards the buy out price more efficiently? I guess my question is what are the constraints that limit the pricing moving towards its buy out value? transaction costs? opportunity cost? still slight risk of deal not working?
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#74
10-31-2007, 02:38 PM
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Re: Positions Thread
Posted yesterday: [ QUOTE ] Am entering SIRI at $3.53 and XMSR at $14.70. [/ QUOTE ] Tripled my position in XMSR so am averaged down to $13.70 per share. Doubled my position in SIRI and am averaged down to $3.39 per share. Sold my UAWL puts for $2.50 each, total profit on this trade of +$282.00 Doesn't quite makeup for me exiting UA to early yeaterday when I was long but it gets back some of that mistake of having an itchy trigger finger. [img]/images/graemlins/smile.gif[/img] Jimbo
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#75
10-31-2007, 03:22 PM
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Re: Positions Thread
I think I have become addicted to trading. Just bought some GS 250 puts, purchased three at $7.80 each for a roundtrip cost of @$7.96 each after commissions. Hope to see these double at least within 24 hours.
Jimbo
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#76
10-31-2007, 04:01 PM
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Re: Positions Thread
[ QUOTE ]
I think I have become addicted to trading. Just bought some GS 250 puts, purchased three at $7.80 each for a roundtrip cost of @$7.96 each after commissions. Hope to see these double at least within 24 hours. Jimbo [/ QUOTE ] Why would they do that?
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#77
10-31-2007, 04:09 PM
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Re: Positions Thread
[ QUOTE ]
[ QUOTE ] I think I have become addicted to trading. Just bought some GS 250 puts, purchased three at $7.80 each for a roundtrip cost of @$7.96 each after commissions. Hope to see these double at least within 24 hours. Jimbo [/ QUOTE ] Why would they do that? [/ QUOTE ] Because Goldman traded at a 52 week high today (over $250 per share) mainly on the rate cut and mutual funds setting up their positions for next quarter and the entire next fiscal year. Once that money stops flowing in I see some profit taking occurring and GS will drop back to $240 or below quite quickly tomorrow. With any luck some bad news will surface somewhere and it will plummet even further. Jimbo EDITED BELOW Thought I should add that these same options traded for as much as $35.90 each only nine days ago.
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