Thursday, March 02, 2006

Quote: Bill Cara on cornering the market

"You know what happens when a small group of people try to take control of the capital market, don’t you? A large group of people hand them all the stock they want." -- Bill Cara

http://www.billcara.com/archives/2006/03/huge_day_for_te.html



I couldn't resist taking a snapshot of this one for the record :D

3 Comments:

At 9:12 AM, Blogger Chris Perruna said...

Jon,
A very interesting post by Bill Cara! I am suspect of the recent “bull rally” claimed by IBD and others due to the lack of support by individual stock leaders and the lack of strength in the NH-NL ratio. Without my three main indicators clicking, I am still on the defensive side of the stick (I do have open positions but I am not aggressive at this time).

 
At 12:28 PM, Blogger GrizzlyBear said...

Hi,
I saw your post from last year when I was searching for info on SBUX coffee hedging practices.

Do you have any info about their current/recent hedging practices? I have a suspicion that a lot of their hedges are expiring and that they will be paying significantly more for coffee this year than they did in the last 2 years combined.

It is dificult to find any exact info, do you know if they include details of their hedges in their quarterly reports?

One thing is clear is that the CEO sold a ton more shares in JAN @ 30 and the president of International SBUX unloaded a ton more @ 36+ just recently.

Are you still involved in SBUX? Please respond on my blog if you can.
Thanks in advance,
GRIZZLY

 
At 9:21 AM, Anonymous Anonymous said...

And then when the large group runs out of stuff to sell and the small group still has control--- it's time to try to get the regulators to come to the "rescue". After all, shorts shouldn't have to cover if it's gonna hurt too much.

 

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