***Official*** 2010 Stock Market Thread

[Azurik]

sold off my feb $25 calls, left my feb $18 puts alone. keeping my 13,000 shares.

 

[marketquotes]

Possible that this is a ploy just to buy more time in hopes of hammering out a settlement?

 

[Blueychan]

mmm, this presents a weird situation. kramer decides this on the 21st, and the ITC decision comes out the next day on the 22nd?

Going to be roller coaster ride leading up to that two days.

 

[ivan2]

fuck him, i hope it's aids

 

[Azurik]

Possible that this is a ploy just to buy more time in hopes of hammering out a settlement?

That, or trying to delay within a timeframe that Judge Kramer can't preside over. I don't think it's a settlement ploy though. The cartel lawyers looked happy today while Perry at a look for dissapointment that this was actually happening.

 

[Azurik]

Looks like the stock is stabilzing around $21.30 - it's important tech wise to stay above the $20 level. It acted as a major resistance in the past, but now that we broke through that last month, it's a major support level now.

All this probably won't matter as the events happening Thursday and Friday next week will supersede technical analysis and it's going to blow one way or another.

 

[Slew Foot]

Im thinking of buying both puts and calls for feb, the volatility should put at least one in the money significantly.

 

[richardycc]

man this sucks...it seems like I can't make money with rmbs calls.

 

[marketquotes]

So if Kramer denies the delay and RMBS wins the case, would the denial by Kramer to delay play much of a role in any appeal filed by the cartel in the event that they lose?

 

[Azurik]

So if Kramer denies the delay and RMBS wins the case, would the denial by Kramer to delay play much of a role in any appeal filed by the cartel in the event that they lose?

Great question - and that's what he has to be careful of. In the trial of Rambus vs Hynix, I was surprised how Judge Whyte ruled in favor of the cartel on issues that seems Rambus would have been favored, but I later thought that he knew Rambus has more than enough ammunition and was trying to make his case appeal-proof as possible.

In this situation though, it's a tough call. Even if they appeal, I'm not sure they have enough money to post the appeal bond if the damages awarded are big enough.

 

[KDKPSJ]

Per IV, it seems like the illness of Price was known to Micron exec for a while, and they just brought it up as last minute excuse. Things get more and more interesting, of course, as expected.

 

[al981]

so who is the third "sick" lawyer going to be? bets on AT trial delayed into 2011!

good ole corrupt usa.

 

[Cal166]

CTIC - institutional investors purchase $30 mln of preferred stock and warrants.

 

[MrYogi]

I bought Feb $25 calls for RMBS yesterday. I think I will sell them today. This whole "lawyer is sick, lets delay the trial" stuff is crazy.

 

[manlymatt83]

I bought Feb $25 calls for RMBS yesterday. I think I will sell them today. This whole "lawyer is sick, lets delay the trial" stuff is crazy.

I'm just going to keep writing options. I own 500 shares of RMBS, so I'm writing 5 contracts per month and raking in around $1000/mo. If this stuff just keeps getting delayed, I'll just make a $1000/mo. No complaints here. I always get screwed when I buy options, so I hardly do it anymore.

 

[IEC]

Sold half my GNVC position to lock in profits. Will monitor other half.

 

[manlymatt83]

I still have a few thousand shares of ONT. Worth holding on to?

 

[richardycc]

Sold half my GNVC position to lock in profits. Will monitor other half.

stock might go up another 50cents to a buck when they announce the Locally Advanced Prostate Cancer phase1 trial.

http://www.clinicaltrials.gov/ct2/show/NCT01048151?term=tnferade&rank=1

 

[richardycc]

I still have a few thousand shares of ONT. Worth holding on to?

price won't go up or down that much, hold if you think another buyer is coming, or else it could be dead money for awhile.

 

[richardycc]

Key Event Occurs in GenVec's PACT Trial....

 

[IEC]

Key Event Occurs in GenVec's PACT Trial....

And of course it jumps off a cliff. Glad I sold half yesterday, might be able to rebuy cheaply

 

[Slew Foot]

RMBS youre killing me this week. uggghhhh...

 

[eLiu]

RMBS youre killing me this week. uggghhhh...

Not just you man

I (stupidly?) held some january options into the trial start... and now I'm kissing them goodbye.

 

[Dacalo]

RMBS youre killing me this week. uggghhhh...

But it may change next week if continuance is denied.

 

[snoopdoug1]

And of course it jumps off a cliff. Glad I sold half yesterday, might be able to rebuy cheaply

Wow - that's weird! I thought we'd see a nice up day with that. Nice sell Spartan... I'm considering adding a few more shares.