Interesting Cramer perspective on the topic of big $ players and, "Robinhood-ers".
Cramer's not the know all of market activity though I'd say he's pretty decent @ keeping his 'folio rolling in green pastures.
Cramer thinks Wall Street pros may be playing a game with amateur Robinhood traders
"They're fomenting action. Once you foment action, it brings in suckers and then maybe they'll buy the stock thinking that there's something going on," CNBC's Jim Cramer said Friday.www.cnbc.com
Im not sure what Cramer is arguing (nothing new there). Is he complaining about premarket activity mispricing the stock or complaining about "Market pros" bidding up stocks to lure in "dumb money"/ Robinhooders? It seems he might be saying the big money is trying to build momentum in a stock and that momentum is luring in Robinhooders. He said he didn't think it was Robinhooders bidding up the prices, but it doesn't matter. Just because someone else bids up the prices and Robinhooders buy it, they are still part of the mispricing problem. Who goes first doesn't really matter. Cramer still sees markets as he traded them in the late 1990's. It's a different market now. My question to him is simply "who is they?" because it is easy to place blame on a mystery group without naming them. No bank trading desk is using bank capital to trade HTZ. No large institutional buyer is going to play in the time frame of hours or days. Maybe a hedge fund would, but I can only think of a few, like Citadel, that might have the capital to do this. But that is risky because the Citadel Securities is a market maker and clearing broker for Robinhood trades, so the Citadel hedge fund arm should be reluctant to try the pump-and-dump Cramer described because of the scrutiny it might get from regulators given that it is illegal. Hard to figure out because it is complicated and that is why Cramer says "they". I have seen a lot of opinions accompanied by bad analysis trying to say these small traders have nothing to do with it, but I know who is going to take pain when it goes bad.Interesting Cramer perspective on the topic of big $ players and, "Robinhood-ers".
Cramer's not the know all of market activity though I'd say he's pretty decent @ keeping his 'folio rolling in green pastures.
Cramer thinks Wall Street pros may be playing a game with amateur Robinhood traders
"They're fomenting action. Once you foment action, it brings in suckers and then maybe they'll buy the stock thinking that there's something going on," CNBC's Jim Cramer said Friday.
VTI and BND are both broad asset class holdings. Keep in mind HTZ stock is in bankruptcy. I would think those buyers are two totally different investors, so we shouldn’t assume all RH investors are the same. I just think the preconception that big money drives the price might be sometimes correct,but certainly not always.
www.wsj.com
Even after the earnings announcement the implied vol on these options is like 75%. The bid/ask spread is crazy wide. I don't think I could handle having to eat the option on a strangle. You are a special man if you can make money on the names announcing today. Some of the bigger names interest me, like LEN, JBL and ORCL. I covered a bunch of covered calls this morning and put some more on this afternoon. But these are in blue chip names with deep market liquidity.Here's the usual movers and shakers for this earnings week... How C-19, etc plays into it... Seems there are some good prospects for strangles... Or Babe Ruth swing and maybe connect... - let her ride on through earnings and reap your demise or rewards!
Last line I couldn't fit in my screen capture. Tickets are present.
Check to find the day and time for earnings announcement.
Earnings Scheduled for Monday, October 28, 2024 | Earnings Whispers
The most accurate earnings calendar is also investors' and traders' favorite, with confirmed dates, additional data, and graphical presentations.www.earningswhispers.com
View attachment 143626
The stars are really aligned today.. Retail sales skyrocketed in May, Covid clinical trial treatment data out on Dexamethasone, and Trump is considering another 1T stimulus package. Might get us back up to last week's highs.
Passing isn’t a bad idea, but breakeven sounds about right on new construction of that size. In Wisconsin, those smaller rental properties of 1-4 units, even up up to 8 units, usually run around break even if they are in a decent area and are in good shape. There’s a lot more money and better financing chasing the 1-4s than the bigger complexes. How much were you looking at putting down? 25%?
