The Look Returns!

• Posted by Adam Warner
• on December 16th, 2009

I don’t subscribe to RM any more, but deitzcpa was kind enough to cut and paste this over

Jim Cramer

       Oils

       12/16/2009 7:22 AM EST

Pecking-order piece coming on the oil rally, but remember, Wednesday before expiration is a 2:45 look at how we will finish Friday. …

I’d totally forgotten about these!

Jimbo used to come out with this each expiration, some phantom “look” he got each expiration Wednesday at 2:45. No one else knew wtf he was talking about. He’d then pop on right about …now….and tell us about all the stock to buy. I can’t prove a negative, but I’m fairly certain it doesn’t exist. Not to mention it doesn’t make particular sense as no one commits on Wednesday afternoon to how they might handle expiring options on Friday. Open interest is open interest, you can just look at that.

So good to see it’s back!

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.

blog comments powered by Disqus