BlogSpot for an options daytrader focused on scalping the SPY and defined risk trading in stocks and ETF's. 35 years experience in trading the markets based on both macroeconomics and technical analysis.
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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