optionsXpress: Onwards and Upwards
Traders were wondering why, with RSI for Weekly and Daily well below 30, I was not making an Accumulation Zone recommendation on (Cara 100) optionsXpress Holdings (OXPS).
Let’s just say I smelled a rat. I didn't like the way the stock was trading.
Yesterday there was an announced take-over by optionsXpress of XpressTrade for $37 million, of which 70% is cash and 30% is stock.
I hope the XpressTrade sellers get to enjoy their cheap OXPS stock. They don't even have to have their personal options back-dated.
Now the stock can trade higher. And I hope it does because it's going to stay in the Cara 100. What happened here goes on all the time on Wall Street. Nothing's changed. Nothing will change.
They don’t call me the Rat Catcher for nothing.
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This article has 1 comment:
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Nova Law
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60 Comments
Jan 26 08:00 PM"Turning Large Fortunes Into Small Ones," by Bill Cara.
Kindly point out where I have "libeled" you. Stating facts, such as my recounting of your disastrous investment suggestions, is not libel. Neither is recounting my opinions about your lack of investing skill. But if there are factual errors which you believe I have made, I stand ready to review them and make changes.
But I don't expect you to respond substantively - I only expect you to call me "loser," "idiot," or some other juvenile insult which you so excel in making against people who factually expose your poor track record of market analysis, such as your June 2006 prediction of immediate market meltdown on the order of minus 20%. (Of course, the S&P 500 went up 12% from there, meaning you were only off by a whopping 32%. That's the bad news. The worse news is that if people had heeded your advice in June 2006 their losses would probably have been even worse.)
Details of your terrible advice are recounted here:
financial.seekingalpha...
Care to explain yourself without your usual result to name-calling and insult?