MCMInvest (80.00)

Jump! Jump! - a Kris Kross market

April 16, 2009 – Comments (0) | RELATED TICKERS: OXM , QQQQ , GS

I'm watching OXM on one of my trading windows and saw it jump tremendously high a few minutes ago. What you're going to find is that insititutional traders are going to go in hard through the most aggressive financial instrument they can use to move the stock. In this circumstance it was about 550 call contracts ( OXMGU.X and OXMGB.X) which sent the stock soaring just now.

I'm curious, beacuse the Motley Fool seems like an unofficial trade association group, do most people make speculation plays with options or even lot common stock blocks?

I feel that the excessive movements of the stock is because now more than ever before people have access to these financial instruments traditionally only reserved for those who dropped $100k on college (State school, baby!). Now anyone with a few G's can open an account and be trading like the big boys. This lead to the froath of 1999/2000. I firmly believe that March 9th, when I reshuffled 80% of my CAPS portfolio,will represent the market bottom for a number of months.

We're going to continue to see stocks climb off of better earnings, in at least a small way fueled by these massive lay-offs, providing a much needed buffer to the bottom line. As economists conservatively expect, unemployment will continue to rise through the end of the year.