Monday, December 26, 2011

Whales!

This is why it is not always smart to follow the whales. David Tepper sold his entire PFE position of 14 million shares in the period ending September 30th. PFE has climbed 20% since the sale. He reduced his stake in MOS from 2.4 million shares to 737,000. Latest MOS rumor as of 12/23 was a buyout coming at the $90.00 level. Current price is $52.45. I'm holding a J47.5/j45 bullish put spread.

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