BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Waddell, Other Big Firms Identified as Mystery Traders in Stock Market Plunge]]>http://www.bloggingstocks.com/2010/05/15/waddell-stock-market-plunge/http://www.bloggingstocks.com/2010/05/15/waddell-stock-market-plunge/http://www.bloggingstocks.com/2010/05/15/waddell-stock-market-plunge/#commentsFiled under: , , ,

Dow chart May 7 2010Gary Gensler, chairman of the Commodity Futures Trading Commission, testified before a congressional committee investigating the 998 point drop in the Dow. That plunge wiped out nearly $1 trillion in market capital.

In his testimony, Gensler said he identified one high-volume trade in the e-mini S&P futures contract. The mystery firm was Waddell & Reed Financial (WDR). Waddell sold 75,000 contracts during the time of the plunge. The e-mini is liquid and traders use it as a guide to trading the Dow. Waddell maintains that the sale was a hedge. That means that the sales were used to offset other long positions.

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Waddell, Other Big Firms Identified as Mystery Traders in Stock Market Plunge originally appeared on BloggingStocks on Sat, 15 May 2010 11:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Citadel GroupCRGRFGary GenslerGoldman Sachshigh-speed computer tradingIBKRinthenewsJPMWaddell and ReedSat, 15 May 2010 11:40:00 EST<![CDATA[INVESTools: Another holiday gift for you]]>http://www.bloggingstocks.com/2007/12/21/investools-swim-another-holiday-gift-for-you/http://www.bloggingstocks.com/2007/12/21/investools-swim-another-holiday-gift-for-you/http://www.bloggingstocks.com/2007/12/21/investools-swim-another-holiday-gift-for-you/#commentsFiled under: , , ,

It's not easy to top a present like TheStreet.com, Inc. (Nasdaq: TSCM), but my next holiday stock pick does just that. I give you investor education cum brokerage firm INVESTools Inc. (Nasdaq: SWIM). It's a pretty cool business model that aims to teach people to invest via seminars, getting some juicy upfront fees and reaping the rewards over time through commissions and fees, if they are successful in their teachings.

Besides having a booming stock - which, after a nasty 50% mid-year drop, this week is breaking out to new all-time highs - an incredible trading platform that I use for my own trading and big time investors known for discovering undervalued smallcap stocks, this company has some serious growth. In fact, you'd be hard pressed to find another company in the finance arena with numbers that are even in the same ballpark.

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INVESTools: Another holiday gift for you originally appeared on BloggingStocks on Fri, 21 Dec 2007 20:06:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>breakoutsETFCIBKRonline brokersOnlineBrokersoptionsOXPSSCHWSWIMthinkorswimTRADTSCMFri, 21 Dec 2007 20:06:00 EST