OptionsHouse

Options Trading News

May 24, 2013  Fri 8:15 AM CT

CSCO: SEE CHART GET CHAIN FIND STRATEGIES
I'm seeing that some of the biggest shorts are being covered--a sure sign that the real strength on a day like Wednesday comes from short-sellers ringing the register.

Some of this might be related to a huge short, Hewlett-Packard, which surprised nicely in its quarterly numbers and is bringing up Cisco, another heavily shorted name.

TheStreet.com logoThe endless lies that are being told about the end of Facebook have driven that stock down to levels where people fear something positive.

Finally, a stock that I believe has been ridiculously over-punished, ADT, is rallying. Again, I think that is the short-sellers' register ringing.

These kinds of situations are business as usual, as the shorts know not to press their luck, so they aren't taking chances.

Disclosures: Cramer's charitable trust is long ADT, CSCO, and FB.
Share this article with your friends


Related Stories

CSCO

Cisco receives a big vote of confidence

April 6, 2016

The networking giant, which reported bullish results on Feb. 10 and has risen 4 percent in the last three months, was upgraded by JP Morgan yesterday.

OptionsHouse

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Education & Strategy

The Problem with Trading Earnings

AP Options specializes in Swing Trading. Swing trading is the art of locating short term, quick, aggressive movements in a stock normally created by the technicals but, can be sometimes created by the fundamentals. These trades, at least in this service, last a couple of days to a week in the majority of cases.

View more education articles »