Courtesy: The Street
Presidential Elections: Support Dr.Meira Kumar
Bihar and Jharkhand governments have no choice but to support Dr.Meira Kumar. As defeat of "Bihar ki Beti" will invariably bring Shame to the Biharis and Jharkhandis (or erstwhile unified Bihar). Do you think that, people of Bihar will leave Nitish Kumar Scott - free, if Dr.Meira Kumar loses ? So, Nitish Kumar has very little option left but to support, Dr.Meira Kumar.
Moreover, if Nitish Kumar wants to fall in the BJP's well calculated electoral TRAP no one can save him in the next election.
Also, I am surprised to see Mr.Navin Pattanayak, so easily chewing the RSS bait. Orissa is a state, where there is large chunk of Tribal Christian voters loyal to the BJD (Biju Janata Dal). I am still to fathom, BJD's sudden electoral gamble of siding with the RSS and the BJP; when Mr.Pattanayak has been maintaining distance from them since some time.
Besides, the election of Dr.Meira Kumar, who is educated, experienced and very sober, might also correct some of the historical mistakes of not making her father, the Prime Minister of India.
Also, I don't think all the Muslim and Christian MPs and MLAs from the TDP and TRS will ever support a RSS backed Candidate, who acted against Dalit Christian and Muslin reservations. Therefore, invariably cross voting will take place, which might give the underdog, Ms.Kumar, a win. Support Dr.Meira Kumar, give a conscience vote and make her the 2nd Female President of India.
All the best to Dr.Meira Kumar.....👍✌
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