Anyone else doing so ? Merryl should beat estimates here. Its been beaten down lately b/c of the subprime woes. I'm looking for a nice little pop in the AM after earnings.
Hmmmm....take a look at these numbers : MER $ 86.44 Merrill Lynch & Co. Inc. -0.10 Shares Short 15,271,700 Days to Cover (Short Ratio) 2.9 Short % of Float 1.76 % Shares Short - Prior 14,412,100 Short % Increase / Decrease 5.96 % Squeeze Ranking⢠1 % from 52-Wk HIGH ( 98.68 ) -14.16 % % from 52-Wk LOW ( 66.69 ) 22.85 % % from 200-Day MA ( 89.28 ) -3.29 % % from 50-Day MA ( 87.90 ) -1.69 % Price % Change (52-Wk) 26.30 % Trading Volume - Today 4,289,901 Trading Volume - Average 5,301,000 Trading Volume Vs. Avg. 80.93 % Total Shares - Float 866,270,000 Total Shares - Outstanding 868,179,167 % Held by Insiders 0.40 % % Held by Institutions 72.60 % Market Cap 75,045,407,195 EPS 9.46 PE Ratio 9.10 Sector: Financial Industry: Investment Brokerage - National SI Record Date 2007-Jun Information Provided Without Warranty Seems to me that the Short % of Float 1.76 % is not yet enough to buy some calls, IMAO !
Didn't get teh jump I wanted pre-market, only up $2, but at least I'll make a full hundred bucks with short covering.