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[Member Demetrius Michael] CBS, CFC, AMZN

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Demetrius Michael submits:

(Part II)

CBS – media conglomerate

announced an executive restructuring in its radio division

option action shows traders selling the January 27.50/32.50 strangle – a move that typically implies a decline in price volatility and rangebound price action…hardly a rousing vote of share price confidence.

Since I already posted charts on this yesterday, I’ll post different ones today.

5 year month ticks, 2wk 30M ticks (yesterday), 2wk 30M ticks (today),

http://web.mac.com/dem_z/PSW/71025/CBS5yrMthly.png

http://web.mac.com/dem_z/PSW/71024/CBSwk30M.png

http://web.mac.com/dem_z/PSW/71025/CBS2wk30M.png

 

CFC – Housing broker.

pronounced volume in the January 10.0 puts

18% chance of Countrywide shares degenerating into junk range

Fundamentally I would not reccomend selling this as Bank of America took stake in this company… They’re not stupid, so I’m skipping charts on this one as the Risk / Reward not worth it.

AMZN –

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