7 Quotes by Jon Najarian
- Author Jon Najarian
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Options trading was frenzied. Early on Friday ahead of the delayed court ruling, option players were expecting a move up or down of about 14 percent in the underlying stock.
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The reason traders are jumping all over this is because Pershing Square Capital purchased almost 10 percent of Wendy's International shares to try to force it to sell off their Tim Hortons chain. The company is now doing that.
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This sort of activity hardly looks like a lucky buyer but is textbook insider-buying activity. I'd say somebody ... alerted somebody, who then acted on the information.
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Rumors of a huge block trade in Exxon Mobil seemed to be the catalyst for this big turnaround to the downside in the Dow.
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It seems very likely that someone could have funded her account and made these questionable trades.
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These twin catalysts have been good for an 11 percent surge.
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I'm sure the questions being asked of CyberTrader by the SEC involve, where did the money come from that funded (Anticevic's) account? ... Who opened that account in Austria, and where did that money come from?
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