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Looking like the entire industry is very out of favor at the moment. Maybe they think nobody's interested in buying heavy construction assets for the petrol industry.
If I remember correctly, Subsea 7 tried to kill the CBI merger with an offer to buy McDermott at $7 per share (that was before the reverse 1 for 3 split). I wonder if we might see Subsea 7 come into the picture again somewhere down the line.
Pretty tight window, but not the worst idea...better Thursday . DE rallied on comparable from CNHI last week and favorable outlook for trade relations. Dropped Friday on Chinese cancellations to ag districts with significant approvals in Brazil and Argentina. Trade expectations are also cooling again.
The question I wouldn't know the answer to is will DE make it up in ag sales ex-USA. If the growth is going to Argentina and Brazil, where credit is very expensive, perhaps the answer is no. Even then, I don't know the company well enough to know if the smaller units would offset the larger US machines.
I've been anticipating a drop in farmland prices due to continued weakness in end markets. Cheap credit may not allow that to be realized, but we'll see.
Futures off. Monday's going to likely start down.
I decided to back off from this one. The latest news is that the Chinese will be purchasing 100 tons of pork. For now, I'll just watch the markets as we approach earnings. Opportunities for trades typically arrive with earnings. I still favor the bear side of the trade with the Iran issues still in play. If DE gets over 170, then a short term bear trade on the next downturn would seem like a pretty sure bet.
Last edited by mitchmiller9; 09-25-2019 at 12:57 AM..
ULTA might be worth looking at. I traded it up and down three times last option cycle. It's been up for two days now with a lot of short term traders following it. If it starts to pivot in the first 30 minutes of trading, might be a good time to buy short term puts or a short term bear spread. Unfortunately, I slept through the big bounce it had a few days ago.
ULTA might be worth looking at. I traded it up and down three times last option cycle. It's been up for two days now with a lot of short term traders following it. If it starts to pivot in the first 30 minutes of trading, might be a good time to buy short term puts or a short term bear spread. Unfortunately, I slept through the big bounce it had a few days ago.
Holy crap. Dropped $100/share in a day recently?!?!
Friday (9/20) - Bought 25 SIRI NOV 15 calls at $0.08
Added 25 more SIRI NOV 15 calls at $0.03 in a different account. Forgot to mention in the original post, strike price is $7.
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. DE rallied on comparable from CNHI last week and favorable outlook for trade relations. Dropped Friday on Chinese cancellations to ag districts with significant approvals in Brazil and Argentina. Trade expectations are also cooling again.