This week, James DeFranco (Executive VP) at DISH (Dish Network) purchased 25,000 shares in the open market at $28.01 with his own money. It is a $700,350 vote of confidence he is making in the company.
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Last week we said that bullish sentiment was getting too high and we would need a few days/week to chop sideways in order to work it off: https://www.hedgefundtips.com/aaii-sentiment-indicator/
Continue reading “AAII Sentiment Indicator”
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Today some institution/fund purchased 8,930 contracts of March 15 strike calls (or the right to purchase 893,000 shares of Qualcomm at $60). This is a decent sized bet for this stock and contract as the open interest was just 2,329 prior to this purchase. Qualcomm QCOM reports earnings January 30.
I came across two interesting articles yesterday. One stated that SocGen – a French Investment bank – was shuttering its commodities business (Bloomberg). I thought that it was interesting for them to be “selling” at the bottom of the commodities cycle. Continue reading “Smart Money vs. Dumb Money”
Today some institution/fund purchased 7,606 contracts of June 27 strike calls (or the right to purchase 760,600 shares of Starbucks at $27). This is a large sized bet for this stock and contract as the open interest was just 525 prior to this purchase. Nielsen NLSN reports in early February.
