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Not many professional traders have had successful background in both futures trading AND options market making. Directional and volatility trading are worlds still far apart. Yet, understanding of both worlds can greatly help you become a more successful trader. Effective communication and... More
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Third Eye Market Analyst
  • PRAA Stock Price Falling After FTC Report 0 comments
    Jul 21, 2010 11:10 AM | about stocks: PRAA

    - On July 12, FTC Issues Report on Reforming Debt Collection Litigation and Arbitration; Recommends Steps to Protect Consumers and Repair a Broken System (
    Legislators pledge to fix state's 'broken' debt collection system ( in Minnesota. Massachusetts Senate passes debt collection measure ( More and more states are likely to introduce legislation giving consumers more protection against debt collectors.
    -The uncertainty and likely negative environment for Portfolio Recovery Associates Inc. (NASDAQ:PRAA) is causing it's stock price to drop, and I believe it will continue to do so until support area of around $50. Unfortunately, the spread on options prices in PRAA is too wide and illiquid to put on a meaningful position. I would recommend looking for opportunities to short the stock on any strength.

    Disclosure: No positions
    Stocks: PRAA
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