First, let's take a look at this past week. We had a 390+ point day that had everything running, no matter what it was. UBS writes down 19 billion dollars and the market runs, interesting, could this be a sign that the market is hitting a low point, maybe maybe not. The FED came out today and acknowledged that the US economy has slowed down, wow, like we never knew. Well, lets see what the market will do based on the jobs report that are set to debut this week. On another note, RIMM posted earnings that beat expectations and is up about 4% in after hours.
Ok, Ok, lets get to the business. Traders have been hovering like sharks around the $22.50 and $25.00 calls on (Drum Roll) Expedia. Expedia has been up around 10% as of yesterday based on rumors that the big Google will eat up this company.Will it go through???Especially with all this credit issues, who knows, but somebody smells food though, because these options have been eaten up by traders. What is it, buy on rumor and sell on news??
Personally, I am a option guy, but if you like trading stock, these guys may be your answer: Check them out
Tell next time. www.freeoptionspick.com
Wednesday, April 2, 2008
Will Google BUY this Company????
Posted by
Dre
at
6:49 PM
0
comments
Subscribe to:
Posts (Atom)