***Official*** 2010 Stock Market Thread

[Azurik]

I just read the ITC document. This is the important piece:

The Commission invited briefing on the issues under review and on the issues of remedy, the public interest, and bonding. Having reviewed the parties’ submissions, and responses thereto, the Commission has determined to request further briefing on the impact of the license between Rambus and Samsung on the ALJ’s findings and conclusions. The Commission is particularly interested in briefing on the issue of patent
exhaustion that Respondents raised in their petition for review and remedy submissions as it
relates to the license.

In layman's speak, Nvidia raised issue with the fact that Samsung has already settled with Rambus. Since Nvidia's controllers are also used as a part in Samsung's memory, they are arguing that patent exhaustion applies since you can't charge royalty twice for something sold as one unit.

What confuses me is that Nvidia makes graphic chips as standalone units, and they are all clearly infringing. I'm not sure why the ITC couldn't just ban them now and talk about the logistics of the Samsung agreement later.

The delay is until July 25th. All eyes on CAFC now.

BTW, I think RMBS has now won with the ITC full commission. It makes no sense to go over this the next two months if RMBS has lost.

 

[Azurik]

I am sure Call options will be skydiving at opening tomorrow. Which calls are you going to look at carefully?

June 25's and 26's depending on the price, and probably August since the spreads there are a lot more reasonable and less volatile. Plus at this point, not everyone is informed of the ITC decision at the end of July (so August is the minimum month to buy calls for that decision).

The stock will probably go to low $22's to fill the gaps there. I need to wake up early enough to get in on the action.

 

[Slew Foot]

First rule of options, figure out your timeline and then double it

Maybe September would be better, when is the CAFC decision?

 

[Azurik]

I'll be back later tonight... only in Rambusland are delays always expected Out to enjoy the nice weather, my trading actions are done for today. Off-loaded my extra shares and my June $21/$22 puts should spike in the AM.

 

[Azurik]

First rule of options, figure out your timeline and then double it

Maybe September would be better, when is the CAFC decision?

CAFC decision at the end of this month... or at least that's what everyone is expecting, lol. One of the CAFC judges on that panel is due to retire by May, so if logic works...

 

[Jassi]

Think about the wide effects of housing prices falling even farther. Think of the butterfly effect. More and more people would walk away from homes due to LTV ratios as prices fell more and more.

FYI, banks pay dividends. If they are that rich, why not buy bank stocks (I own WFC and USB)

For what it is worse, peoples eem to not realize what could have happened if the gov't just twiddled it's thumbs. Like Cicero playing his fiddle. In the past, the US tried to let capitalism fix things. The solution involved bread lines. It was called the great depression. be happy that hte decision makers studied the great depression and did what they did.

This.

People don't understand that the US was hours from a massive collapse of it's entire financial system in Fall 2008. Legislative changes have to be made because the banks are repeating some of the same shenanigans.

 

[richardycc]

Ackman bought 150mil shares of C...think the tide has turned?

 

[aldamon]

I think BP is actually going to beat this thing guys.

 

[manlymatt83]

I followed the advice here that it was too late to short the market, and on Tuesday bought a bunch of front-month $30 FAS calls at just under 30 cents/share. Right now they are up 40%. W00t!

 

[Jassi]

I followed the advice here that it was too late to short the market, and on Tuesday bought a bunch of front-month $30 FAS calls at just under 30 cents/share. Right now they are up 40%. W00t!

Want another piece of advice I didn't follow? Take some gains off the table

Glad it worked out for you.

 

[Regs]

I just read the ITC document. This is the important piece:

BTW, I think RMBS has now won with the ITC full commission. It makes no sense to go over this the next two months if RMBS has lost.

Or the ITC is asking either RMBS or the defendants for more substantive proof.

 

[manlymatt83]

to the top for some nightly discussion :0

 

[HopJokey]

to the top for some nightly discussion :0

Heh what do you want to talk about during after hours? The Asia market? Futures?

 

[richardycc]

any good oil spill cleanup plays? VSR?

 

[richardycc]

ABK is mysteriously up again today...It went from under $1 to over $3 last month or so ago. news coming?

 

[FelixDeCat]

ABK is mysteriously up again today...It went from under $1 to over $3 last month or so ago. news coming?

I thought it was a reverse split news trade but its probably just momentum daytraders again. I watch the stock for fun only (like AIG) but avoid getting suckered into it.

 

[Dubb]

This morning I awoke sweaty from a doomsday dream (DOW single digits). I know it was due to a mild diabetic low, but I'm still going to watch things open.

 

[Jassi]

Bp < 37!

 

[Azurik]

I bought another 1,000 shares in RMBS at $23.20 - lets hope for some good news this week while the markets continue it's slippery slide.

 

[FelixDeCat]

Bp < 37!

I love all those experts and chuckleheads that said buy BP and have averaged all the way down from the 60s, including Barrons, the "experts" on Fast Money, the Options Action guys, etc., etc. Heres a crazy idea - wait until the they get a handle on the leak before buying!

 

[endervalentine]

I love all those experts and chuckleheads that said buy BP and have averaged all the way down from the 60s, including Barrons, the "experts" on Fast Money, the Options Action guys, etc., etc. Heres a crazy idea - wait until the they get a handle on the leak before buying!

I was actually thinking of picking up some more, by the time they have a handle on the leak it would have gone back up. It's like any other thing, it's a gamble.

Wanted to see if other people are picking some up.

 

[Jassi]

I was actually thinking of picking up some more, by the time they have a handle on the leak it would have gone back up. It's like any other thing, it's a gamble.

Wanted to see if other people are picking some up.

http://www.marketwatch.com/story/bp-to-pledge-it-will-maintain-dividend-report-2010-06-02

Could be a solid dividend play if you can stomach the PPS ride.

 

[abovewood]

ETFC did a 10-to-1 reverse split last night. I have some shares and some $2.5/$5 2011 calls.
Sold BP some weeks back at $60. My friend bought BP at $43 a few days ago.

 

[Jassi]

ETFC did a 10-to-1 reverse split last night. I have some shares and some $2.5/$5 2011 calls.
Sold BP some weeks back at $60. My friend bought BP at $43 a few days ago.

Yep. ETFC is currently trading as ETFCD and you can view real-time price action here:

http://data.cnbc.com/quotes/etfc

So far so good (ETFC is my largest bet on the market )

 

[FelixDeCat]

How about a tiny updraft?

Long LVS June 25 call @ .77. Go baby!