$100 a share!
On October 5, I said you can buy the railroads.
Because in this market, whenever you see a rollover on the charts it doesn't happen.
Two takeovers in two days.
And for those who wonder why I advertised it with Syd Davy?
He's a railroad train engineer--for CSX!
But for those interested in conspiracy stories, yesterday someone bought 649 of the Nov 80s calls on BNI for .80 which will be worth 17+ this morning!!!
Someone yesterday also bought 690 of the Nov 50 calls on BDK at .85 which will be worth 8 this morning.
Which means Buffett's betting that the economy isn't rolling over!!
Just when the shorts thought they were seeing some light at the end of the tunnel!
7 comments:
Look at those lonely Nov $85 calls sitting at 10-15 cents!
No leakage on those!
pshaw! yea like he was not the one who bought gs at 115 just to see it drop to 65.
P - Are you buying into the trashing of the semis that is going on?
Some of the Jan & Mar calls on these are looking pretty cheap.
Correction Palmoni: Syd is with Canadian Pacific Railway (CP).
Yeh--I goofed on that--I remember when I wrote it, that it looked wrong.
Come on--he makes the trek from Canada--
thanks for pointing that out
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