Tuesday Morning update...
A couple news players presented opportunities on Monday for the Buzzard. First was GM. This old friend announced to the world exactly how well their business was going this summer by giving all car buyers 6 months no interest on all purchases. The buzzard shorted 2,000 shares at $26.94. This should be good for a multi-point selloff. For the buzzard, this is just a trade, not the typical crappy companies we like to hammer and ride down.
Also on Monday VRSN announced that the U.S. attorney general handed them a subpoena that looks into backdating of options. More pigs at the trough. The buzzard took this opportunity to sell short 2,000 shares at a price of $21.58. Should be good for a decent selloff the next few days.
A couple news players presented opportunities on Monday for the Buzzard. First was GM. This old friend announced to the world exactly how well their business was going this summer by giving all car buyers 6 months no interest on all purchases. The buzzard shorted 2,000 shares at $26.94. This should be good for a multi-point selloff. For the buzzard, this is just a trade, not the typical crappy companies we like to hammer and ride down.
Also on Monday VRSN announced that the U.S. attorney general handed them a subpoena that looks into backdating of options. More pigs at the trough. The buzzard took this opportunity to sell short 2,000 shares at a price of $21.58. Should be good for a decent selloff the next few days.