Courtesy: The Street
Discrimination faced by Mumbaikars...
If the housing societies in Mumbai (Bombay) are only meant for families (married couples), then the government of Maharashtra should make marriage compulsory in the state/city.
Or else the government should tell its citizens where will Unmarried, Divorcees, Bachelors, Spinsters live in the city of skyscrapers or is Bombay only for those who have families.
This is one of the greatest mental blocks of Mumbaikars, who otherwise want to bask in the FALSE HALO of Cosmopolitanism.
This disease (of not giving apartments to Bachelors, Muslims, etc on rent) is specially prevalent in housing societies where the Gujaratis, Marathis and North Indians (to some extent) abound; while the rest of the population is more or less okay with the concept.
The government of Maharashtra should take this matter seriously and devise laws to eradicate this malice ASAP, so that BOMBAY (and its suburbs) becomes free of discrimination based on Marital Status, Religion, etc. Or else the Honourable Supreme Court of India should step in, and give directions to the state or central governments -- so that the fundamental rights of its citizens enshrined in the constitution of India is not violated.
Friday, January 23, 2015
Options Traders Turn Bullish, See Big Gains for U.S. Steel
NEW YORK, January 23, 2015: -- Option traders are turning bullish on U.S. Steel (X) less than one week before earnings are released.
OptionMonster's Heat Seeker system detected the purchase of more than 21,000 February 24 calls Thursday, dwarfing previous open interest of 6,405 contracts and indicating new positions. The calls initially fetched 57 cents and 58 cents but appreciated to as much as 90 cents by the afternoon, a gain of more than 50%.
That kind of leverage is possible because calls lock in the price where a stock can be purchased. Their cheap cost ensures that investors won't miss a rally while limiting the amount of cash at risk in the event of a pullback.
U.S. Steel shares were down slightly when the trades hit but turned almost immediately and ended the session up 2.95% to $22.71. The heavily shorted stock, which trades for less than book value, was holding support at its lowest level since October 2013. Quarterly results are due after the closing bell next Tuesday, Jan. 27.
Overall option volume in the name was quadruple average amounts in the session, with calls accounting for a bullish 78% of the total.
Courtesy: The Street