Updated throughout the day. Update: RADVision (RVSN) is trading down over 33% on rumors that the Cisco (CSCO) buy-out of Tandberg will cost it nearly 40% of its revenue. (Morgan Keegan) Update: Friday’s unemployment numbers will be bogus (RealClearMarkets) GE (GE) may or may not be tal ... Read more
Ah Spring. Three batters into the season and the Mets blow their first "runner on 3rd, less than 2 outs" situation. But hey, in honor of soon-to-open Citi Field, our old friend, the June 5 reverse-conversion, is trading like crazy again. Over 31K calls and 24K puts have traded. The conve ... Read more
Looking at some of the worst performing ETFs over the past four weeks, one can see that the more some trends change, the more others will stay the same. Betting against financials in 2008 was a winning play. Recently that has been anything but the case. Betting against health care or real estate ... Read more
So after seeing the FAZ/FAS combo go from like $110 to $25 in a mere 4.5 month's, Direxion has a better idea for their next batch of leveraged ETF's. The company's previous ETFs have used daily returns to calculate a fund's performance. By contrast, the new ETFs would track monthly prices ... ... Read more
I thought you'd enjoy a well-written article in today's Financial Times which discusses the future of equities. I was especially interested in what Andrew Lo of MIT had to say near the end about a new paradigm and the future of ETFs. TradingMarkets Senior Editor David Penn interviewed Professor Lo ... Read more
Not sure how timely this is in The New Bull Market, but a quick word on dividend spreads since they came to the forefront the other day, and honestly, not sure the dynamics are clear if you've never spent time on a floor. Basically, here's how it goes. Let's say stock XYZ pays a quarterly ... Read more
and all I got was this lousy EOG trade. Actually, it was a good trade. But it is days like today that make me re-think my new "only trade the first few hours" philosophy. EOG gapped up and printed a strong first bar. The second and third bars narrowed in range, with the third bar resumin ... Read more