It should be able to fill the gap and reach at least $18 along wiith the earning and gap up this morning. Any TA expert with me?
I bought $10 June call @ $3 and looking to sell @ $8.
On May 4, the actual results of the stress tests will be made public for all 19 banks. [more]
Story: Geithner Says Most U.S. Banks Have Enough Capital
The street reads it as all banks pass stress (or stressless) test.
Of course, accounting rules have been changed.
Simply put: Jobs loss and shifted oversea won't come back. Addicted US shoppers will spend to the last dime they could from their credit cards.
Until rising credit card delinquency moves the market down, mall REITs are again for shorting.
U.S. Office Vacancies Hit 15.2% -- and Rising
The headline says it all.
Office sale price drop 30+% from the top. Some sold @ 50% peak price.