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August 04, 2009 – Comments (3) | RELATED TICKERS: CBS , GCI , NYT

Bulls Place Their Bets

on CBS, GCI, NYT

 

BY TENNILLE TRACY

NEW YORK -- With CBS preparing to broadcast its quarterly financial results on Thursday, traders made some anticipatory wagers in the options market.

Trading in CBS jumped to five times the normal level, as traders picked up 24,000 calls that allow them to buy the company's stock and ...

 

http://online.wsj.com/article/SB124933873762102829.html?ru=yahoo#mod=yahoo_hs

3 Comments – Post Your Own

#1) On August 04, 2009 at 9:49 AM, IBDvalueinvestin (99.68) wrote:

If your going to learn one thing from this blog , it should be "to think like a fund manager during a bull run".

Fund managers buy heavy on down days during a bull run and lighten up on big up days like yesterday.

You know what they are doing this morning?

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#2) On August 04, 2009 at 10:53 AM, synergize (30.11) wrote:

as what Warren Buffet have said, "We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful."

Fear brings the market down. Media obsessions sometimes exaggerated it.

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