Monday, November 9, 2009
Morning Research lets you get inside Wall Street's head
Bonus season is coming!
Doing the work of God, and keeping the markets higher!
I'm always amazed that so feel people like going thru Wall Street's early morning research. I think it's a must read--at least you can then get out the good stuff.
This morning Goldman had a bullish piece on ANF. You can read it here with their morning research.
GS main 1109
But what Goldman didn't specify why ANF is doing well internationally. Well, ANF was talking to analysts last week--why else do you think they'all goosed it today?
The Milan A&F store has been open a week--so that is a "channel check" for international business on Wall Street. (But what doesn't do well the first week?) So then, you throw out something else--Tokyo A&F opens December 15. OK-so now you have a story. But up numbers by a couple pennies and you have a play.
Trading Focus Nov 09, 09 SA
Not to be outdone, Rosenberg of course differed. He said the unemployment rate is going up to 13%. Read about that on the Internet! But I can't be upset with Rosenberg today. At least he's touting gold. And he says it could go to $2,750. That and his 13% unemployment!
Ya think someone isn't grasping at straws to make himself relevant again?
But look at Goldman on their macro perspective. Just last week, they gave us all these reasons to be cautious. The market came in, they covered, and now the problems don't start--if they will until the end of 2010. Read it here!
Bring on the punchbowl!!
Goldman Sachs Weekly: Topping Off the Fiscal Punchbowl
my tout on WYNN last week--notice it's up in the shorts face by another $4 on the special dividend?
The short interest in WYNN has really gone up, as the stock has gone down. So WYNN is a buy. 52 yesterday was a fantasy price for the bulls, and it was where the shorts should have covered.
How about another "As advertised!" And LVS is going to raise $3.8 billion in Macau? And even GS, the casino bears, became a bit more sanguine on MGM this morning?
The chips are down for the bears!
But here's the play on this number. WYNN goes ex by $4 on November 17. The dividend is only $4. That means it isn't a special dividend that lowers the strike price of the options. So the out of the money calls, for November are actually expensive! They just appear cheap! (Check Article VI, Section II, of the OCC's bylaws)
touted here last week, 10 points ago at 188! At least they have Stars Wars!
And now we are soon heading to new highs on the market.
Oh that's right. That was touted last week too!
Posted by Palmoni at 10:53 AM