Browsing articles tagged with " jon najarian"
Well, not quite all his glory, but you get the idea. Photographer and regular on CNBC's Fast Money, Jon Najarian, snapped this picture of his bro smoking a cigar and soaking up some rays in Las Vegas. I wonder if Pete is cool with Jon posting this picture for all the world to see? I get the feeling Pete could careless, really. No, that's not a sweater vest. And yeah, that's a real tan.
The Najarian brothers are in Las Vegas to do some re-takes for Hangover 3. They play a couple of gamblers whose suitcase full of cash is
About a week ago, a more or less unknown research company downgraded Apple's stock. Since then it's gone up 25 smackers. Apple is the stock you just must buy whenever there's a dip. And this downgrade created a buying dip in hindsight. But overall, I wonder if we're going to look back on this rare and maybe even brave Apple downgrade and laugh as Apple's stock heads closer and closer to $1000 a share and a trillion dollar market capitalization. Yes, $1000 is the target price for must analysts.
In a sense, Oracle Investment Research
, with the supposed future predicting
So, like yeah, there are a bunch of people you could follow on Twitter who notice trends or talk economic policy, but what do they know about actually trading stocks and making money?
I'm not knocking the Business Insider Twitter list
or anything, it's got a wide range of very smart folks, but it doesn't have that many traders. There are a few traders on the list, like Josh Brown and Doug Kass, but not enough.
Here's a list of traders on Twitter who post actual trades. These are guys in the trenches, who have money on the
If there's a trader you should follow these days it's Jon Najarian. He's appeared to have made a killing on Wall Street the past few weeks with some of his bets. Najarian monitors the options market and the put and call numbers to see what stocks might jump or sink.
On Friday, Jon Najarian said
his heat seeker tool at OptionMonster identified big call buying activity in Inhibitex. Well, what happened over the weekend? Oh, not too much, just Bristol Myers announcing they were purchasing Inhibitex
for 2.5 million, $26 a share. Inhibitex was trading for
Here's another case for why buying options is better use of your capital than stocks - there's more bang for your buck as they say. Jon Najarian of CNBC's Fast Money tweeted
this gem about Gilead Sciences' purchase of Pharmasset for close to $11 billion. If you owned the stock you got an 85% return. If you owned the options on the stock you were up 3,300% after today's news. Wow!
Pharmassett has the stock ticker VRUS.
Turns out some of these Pharmassett option buys might just be too good to be true. Meaning, these options buyers knew
CNBC's Fast Money regular and co-founder of OptionMonster.com, Jon Najarian, made a very gutsy trade in MF Global today. The stock was said to be on the verge of complete collapse when he stepped in to make the trade. Talk about buying stocks when there's blood on the streets, this was one of those cases.
After a poor earnings release due to weaker-than-expected trading revenue and fears about the company's exposure to European debt (rumored to be upwards of $6 billion), the stock plummeted. Yes, the entire market cap for the company wasn't even worth $1 billion a few days
I don't know the whole back story, but Stocktwits CEO Howard Lindzon and the OptionMonster brothers, Jon Najarian and Pete Najarian, don't seem to like one another very much. Just take a look at this tweet:
This might have something to do with a picture of a down on his luck looking Howard Lindzon (Not really him of course), that was tweeted around and commented upon by Pete Najarian.
There were these earlier tweets by Lindzon a few weeks ago as well, aimed directly at the Najarian brothers. Again, I don't know the history of this feud, but I'm
So, we've hit the bottom, that's what OptionsMonster's Jon Najarian says. He thinks the worst is over in the stock market. “We’ve seen the lows for the year,” he says. “I think we saw the bottom around 1136 in the pre-market.” Looking at the chart patterns Najarian suggests the bounce makes a bullish double bottom pattern.
Najarian's comments come at the 3:15 mark in the video below. Let's hope he's right. Well, that's if you're long the stock market right now and not short.
On Friday's Fast Money Half Time show Najarian said he wants to see more of a pull back in the stock market before he buys:
Option Monster Jon Najarian is not a buyer right now – but only because he wants a bigger pullback before jumping in. “I’m a buyer of big fear,” he says. “Buy the big dips not the little piddly stuff we’re seeing. I want more fear but then I’d buy.”
Who cares about the debit limit crisis in the United States or the debit troubles in Greece or Italy or Spain or where ever else. We've got more important things to worry about.
Jon Najarian is perhaps our favorite Fast Money trader on CNBC for a myriad of reason. For one, he always seems to be right on with his trades, picking winners by following the options trail. Plus, he chronicles his jet setting lifestyle via Twitter
along the way, with pictures of Times Square and sunsets as he travels back and forth from New York and Chicago. Sometimes