Tuesday, 8 September 2009

L: 125% S:126% G: 251% N: -1% ~ $D 0% $G 0% $V 0% $P 0.00%

So Cadbury's got bid for by KFT, the market is expecting a huge bump, which statistically doesn't look outlandish. The Raven is waiting however, he believes the stock will drift back towards 760p, where it'll be a better buy as enthuisasm runs its course.

He's also been buying a little more ETI over the last couple of days, it looks attractive versus PUB fundamentally, it looks good technically as well.

He also bought some Gold and some NZD on Friday night, just for the big number attractor play which seems to work relatively well. He's sold his gold already this morning and is now looking at the USD/JPY. Its interesting the that dollar is getting a hiding against everything including the JPY, hmmmm.

He's also spent the weekend looking at the SPX vol surface and thinks that some downside might not be a terrible play here, for both the gamma and the trading optionality, but thats far from conclusive.

He's also looking to increase his NRG position today and will be keeping a very close eye on MCO.

CYCL has rallied back yet remains at a very wide spread, he's happy with his position size now.

IPCR deal went through on Friday, so it'll be interesting to see how VR trades today.

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