Who Doesn’t Like A Rumor?
- Posted by UpsideTrader
- on February 29th, 2008
Through the course of the day and the week I hear many a rumor as you guys probably do. It comes to me from various sources, traders, sell side guys,briefing.com,tradethenews.com,hedge fund analysts just to name a few. I thought it would be fun to list the ones I have heard about. I’m not sure if I will do this daily or on Saturday yet. I’ll see how it goes. As you already know it is suicide 99% of the time to trade takeover rumors so don’t be stupid. However some of the companies that get mentioned do have good charts and good fundamentals so do your own due dilly and look at the option activity. Here are a few that I heard the last couple of days. If you would like to see this as a regular post please let me know
ATT to buy AKAM around $50
Tracinda to buy MGM
Novartis to buy VRTX
Blackstone to buy RX for $5.6 billion
JNPR for RVBD
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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Joe was on Wall St, for twenty five years and his career took him to the retail, institutional and capital markets... More »
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