Now I don’t know exactly who “they” are or how exactly “they” manage to do it but here’s a look at some stocks that are being manipulated to close out at a certain price to cancel out as many options tomorrow.
To really see what I am talking about, look at the 6 month daily chart and then look at today’s 5 min. chart (best side by side). See how the stock gets yanked towards a price and then goes flatline…
CME – $378. Got downgraded by BofA which drove them to $380 but still up from $320 on the 10/17 (last option) – the hell with Google, this baby’s got game!
ELN – wild ride up from $8 mysteriously halted today at $10.15.
FDX – also on a tear since last option from $85 – looks like $94.85 is as high as “they” want it to go. My rule of thumb is this means “they” don’t want to give up their shares ($95.05 would trigger an automatic change of ownership) so that makes this stock a buy at this price.
Goog – $402, feel my pain! If it finishes at $402 that would mean that “they” want to sell their shares for $400 which means sell on Monday.
JNJ – $63.22, glad I’m out of that one atm.
Play – $23.65 I’m surprised by this one, I thought it would finish at $25 (flat from last month) but I guess there are a lot of open $22.50 calls holding it back.
SLB – 95ish, this is one hard puppy to hold down but they sure are trying. I will have to take a close look at this for a possible buy.
SU – $55.09 this is another one I think they want you to keep.
TASR – $7.43, you will have to pry this stock out of their cold, dead fingers. Newsflow also stopped from the company which is really unusual. I hold this long but lost my chance to sell the $7.50s this month (I could have been one of them on this one as the options I sold suddenly become worthless to my buyer).
WFMI – $144.55 I’m thinking this is being held up, not down.
SIDE Note: TOLL just escaped from $33 due to DHI’s (earlier pick) amazing run, I just picked up the $35 calls for .75 cause once these babies escape they can stampede!
Ye ha with tight stops!!!
