User 165905

Still Too Early For Banks

By the time this guy and Cramer decide to get bullish, the news will be good and smart money will be selling. Dumb money is last to find out. He went bearish on brokers in mid march near the lows. Some people never learn the lessons. The market is way ahead of the news, these guys follow the news. The worst part about this is that this guy is trying to feed off Cramers success. Don;t worry, he will self implode, the first televised version of a hari-kari

The Bloody Knife Used to Gut Bear Stearns?

Reggie, Since you start your article (the one linked to your blog where you quote options expert) on the options issue. Lets start there. You use dates March 11th to 14th. 1) you say no calls were purchased. Its unlikely with the stock, falling from prices $70 to $50 to $30 (13th of March) in two days that anybody would be entering orders to buy or sell calls with $20 strike. As far as puts, you use the unusual total volume for 4 days (11th, 12th, 13th, 14th). If all that volume was n the 11th or 12th, maybe there would be a kernel of truth. But at 30 (on the 13th) that would not be so unusual to see heavy trading volume on options after a 55% collapse in underlying stock
To suggest that this scenario was orchestrated by a few to make money on shorts/puts on a few million shares is ludicrous, you can do better than that when evaluating conspiracy theories. Most of your "theory" focuses on this purported "options play" answer the issue about volume (on the 11th and 12th and). There are much better rumors surrounding why institutions wanted them to go down. You have done better work before