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!
Look at those lonely Nov $85 calls sitting at 10-15 cents!
ReplyDeleteNo leakage on those!
ReplyDeletepshaw! yea like he was not the one who bought gs at 115 just to see it drop to 65.
ReplyDeleteP - Are you buying into the trashing of the semis that is going on?
ReplyDeleteSome of the Jan & Mar calls on these are looking pretty cheap.
Correction Palmoni: Syd is with Canadian Pacific Railway (CP).
ReplyDeleteYeh--I goofed on that--I remember when I wrote it, that it looked wrong.
ReplyDeleteCome on--he makes the trek from Canada--
thanks for pointing that out
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