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George Acs  

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  • A Sleeping Bull Is Best Left Undisturbed [View article]
    Lately, it looks like the hemline may have a venetian blind control to be able to adjust its level every time you blink or ogle.
    Feb 23, 2015. 02:27 PM | Likes Like |Link to Comment
  • A Sleeping Bull Is Best Left Undisturbed [View article]
    Yeah, I saw that interview on CNN this morning and was a little stunned at how frank the assessment was regarding the Mall of America threat.

    It will be interesting to see what, if any impact that statement had on mall traffic today and this week, especially at the site mentioned. Spreading fear and concern too much and too far by poorly phrased comments could easily inspire others with nothing more than a Twitter account to their names.

    While the threat may have been credible, I think the comment could have been more nuanced, perhaps saying something like "at a time like this, it's never been more important for everyone's eyes to be our partners in reporting anything suspicious when visiting any public place, such as a shopping mall."
    Feb 22, 2015. 05:51 PM | 1 Like Like |Link to Comment
  • A Sleeping Bull Is Best Left Undisturbed [View article]
    Somehow it was exciting news, but it's really hard to understand why that was the case. The solution in Greece, implementing austerity measures is as likely to be successful as corporate slashing to the bone is likely to be successful. While eliminating unduly costly inefficiencies is a good idea in either setting, the only way to approach problems is through policies and actions that create growth.

    That shouldn't be news either, though.
    Feb 22, 2015. 03:04 PM | Likes Like |Link to Comment
  • A Sleeping Bull Is Best Left Undisturbed [View article]
    That was the Hemline Index that went back to before the 1929 stock market crash and long before the mini-skirt craze of the 60s.

    The theory was that hemlines went higher during market runs higher and that skirts got longer as markets headed lower.
    Feb 22, 2015. 02:56 PM | 1 Like Like |Link to Comment
  • A Sleeping Bull Is Best Left Undisturbed [View article]
    My wife implored me over and over again to watch the Westminster Show.
    I took a break from it this year, but usually do watch.

    Beagles are well known to dental researchers because they serve as a model for periodontal disease and therapy. I have a hard time looking at them and remembering some from years ago.

    It will be interesting to hear about the impact of the weather, especially as it was such a big story last year. This year it doesn't appear to be as widespread, although when you get a city like Boston essentially shut down for more than a couple of days, that's going to hurt. However, Macys, which has lots of stores through the Northeast corridor did give some good guidance less than 2 weeks ago, having already felt a good deal of this year's winter weather, although the past two weeks may make the rosy outlook wilt a little.
    Feb 22, 2015. 12:33 PM | 1 Like Like |Link to Comment
  • A Sleeping Bull Is Best Left Undisturbed [View article]
    Very true and very good point.

    Bulls can be voracious and they can leave a real mess behind
    Feb 22, 2015. 12:25 PM | Likes Like |Link to Comment
  • Molycorp Fighting To Keep Shares Above $1 [View article]
    We'll know in a couple of days what role short covering may have played in the very large volume moves higher earlier in February.

    Taking a look at MolyCorp's chart over the past year and comparing that to changes in short interest during periods of observation doesn't appear to demonstrate a high correlation, so to suggest that Molycorp "has benefited from short covering" may be simplistic.

    However, while the long term prospects for MolyCorp may be very guarded, at best, the bias in this article is incredibly heavy handed and really offers nothing new to the discussion. Just as in scientific research, descriptive statistics adds little to the dynamic.

    That bias is fairly clear with a statement such as "relatively inconsequential information was released in such a way to accomplish nothing more than stabilizing a stock price."

    My guess is that the individual responsible for creating the press release would consider it to have been extraordinarily successful if it had simply had a role in stemming the downward tide of share price.

    Further, the author states "And the company is making every effort to impress investors to keep its stock above $1… even if the company has to game press releases to make it happen."

    Is there any publicly traded company that doesn't make every effort to impress investors by "gaming press releases to make it happen"?

    Comments such as those could only be the result of extreme prejudice, as there is no evidence of anything remotely analytical in this piece. The parting comment, in my opinion, makes this article worthy of being included in a personal blog or web site, as it was, but not in the pages of Seeking Alpha.
    Feb 21, 2015. 02:56 PM | 26 Likes Like |Link to Comment
  • Stay Calm And All Will Be Well [View article]
    Since you already have UAL (mine were assigned) you may be interested in a paired trade that will be in this week's article, if accepted for posting.

    The essence is pairing an anti-oil with an oil, such as UAL with MRO, both with lots of volatility and nice premiums, generally moving in opposite directions and lately zigging and zagging. The idea is to start off by having them coupled and then sequentially try to close out via assignment or rollover each one, thereby decoupling and/or re-coupling, as the situation allows.
    Feb 21, 2015. 02:10 PM | Likes Like |Link to Comment
  • Stay Calm And All Will Be Well [View article]
    Barring any large reversal, this is looking like a nice week to finally be able to raise some cash. A few things look interesting to me for next week, but I don't think I'll be spending down all of that newly acquired cash.

    Lots of retailer earnings next week could set the tone, for better or worse. JWN was a surprise with their dour guidance, but the upper end of retail has been relatively healthy over the past 2 years, so maybe it's time for the mid-range to finally start picking up some additional revenue
    Feb 20, 2015. 02:35 PM | Likes Like |Link to Comment
  • Stay Calm And All Will Be Well [View article]
    The original version of this morning's update forgot to include UAL as a possible rollover trade.
    Feb 20, 2015. 11:18 AM | Likes Like |Link to Comment
  • Stay Calm And All Will Be Well [View article]
    The March 20 $28 SBGI, with shares now at $28.42 has a chance of a chance of being assigned early, but I don't think they will be.

    There was an interesting trade late in the afternoon on Wednesday, that was coupled with $30 options expiring today, that made me think that there might be some larger move to come, so I held off on writing new calls on the uncovered shares of SBGI, but looks as if that's not going to materialize, as the open interest for the position has shriveled, suggesting the position has been closed.
    Feb 20, 2015. 11:16 AM | Likes Like |Link to Comment
  • Stay Calm And All Will Be Well [View article]
    Since WNR closed at 41.45, or $0.15 above the threshold value (the strike price plus the dividend), there's a chance that the position will be assigned early. The more time remaining on the contract the greater the closing price can be above that threshold price without greater probability of early assignment.

    With 2 days remaining on the contract, I think there's a decent chance of being able to keep shares, as the contract holder may think that there's more leverage remaining by trading the option, rather than taking the risk of ownership, despite the dividend.

    As far as being able to exercise the day before an ex-dividend date, the option buyer has an advantage over the seller. He can exercise an option as late as 5:30 PM (depending on his brokerage) and could do so in reaction to some after hours trades in the underlying shares. By contrast, as the call seller you can execute any offsetting option trades after the 4 PM closing bell.

    Good luck with the position. I hope you can hit the trifecta and get the dividend along with the premium and share gain.
    Feb 17, 2015. 09:48 PM | 1 Like Like |Link to Comment
  • Stay Calm And All Will Be Well [View article]
    With interest rates spiking up today MET is doing nicely.

    I haven't owned shares of WNR since Oct 2013. It's a stock that I used to like, but would probably like it more if it had weekly options. I wasn't expecting the bounce in price that came later in the afternoon, but with the March 2015 option, it's not too likely it will be called early.

    I think oil is going to take a little break from running higher for the week. I waited for a little turnaround in UAL that came as oil turned around.

    The premium, even if using a $2 out of the money strike, if a rollover is necessary, should still be about $0.40, so even a drop to about $63.70this week should leave some chance to add to accumulated premium while waiting for oil to either stabilize or go down a bit.
    Feb 17, 2015. 02:30 PM | Likes Like |Link to Comment
  • Stay Calm And All Will Be Well [View article]
    I think today was another lock-up expiration day on GPRO and they're doing like so many other hot IPOs do at big expiration dates.

    They go higher instead of what logic might suggest they do.

    You may want to keep an eye on the LVS contract, as it goes ex-div on 3/19. That's why I chose the 2/27 for last week's $63 call sale and will try to keep it alive and then, if possible, roll it over to a date beyond the 3/20 expiration.

    But you know what happens to those plans.

    Like everything else, we'll see how the WNR works out when it's all said and done. I decided to go with the Mar 20 expiration and take chances on earnings next week. That gives it plenty of time to recover, if necessary and maybe stay alive for a rollover or an assignment, except, as before, plans to have a way of getting changed.
    Feb 17, 2015. 01:30 PM | Likes Like |Link to Comment
  • Stay Calm And All Will Be Well [View article]
    That's the Hungarian form of dumplings. I may need to go to my sister's house for a refresher course. She used to make excellent nockedli
    Feb 16, 2015. 10:13 PM | Likes Like |Link to Comment
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