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View Full Version : MER - Earnings Tomorrow

Albert0373
07-16-2007, 05:20 PM
Got Aug 90 calls; looking for a nice move this week.

1551
aiki14
07-16-2007, 05:43 PM
Got Aug 90 calls; looking for a nice move this week.

1551

They have surprised to the upside around 13 of the last 16 quarters. I don't think they have much sub prime exposure. The only thing that could hurt them near term is the SEC and the Wrap account rule (The so called Merrill Lynch rule). That may exert a bit of downward pressure but it won't be significant if the earnings surprise up.
aiki14
07-17-2007, 08:37 AM
Merrill Reports earnings 2.24 vs 2.02 EPS concensus. That's a beat by 10%. Look for a good day if you're long.
Albert0373
07-17-2007, 09:24 AM
At 89.20 premarket 8:24am EST; my 15 calls (bought 2.25) looking pretty nice right now :)
BigDawg291
07-17-2007, 10:24 AM
Heck yeah baby. I had gotten 10 August 90 calls for MER yesterday at an aerage of 1.985 and 5 KO August 52.50 calls yesterday. Both are up pre-market with good earnings. I don't say this hardly ever, but BOOYAH.
Kevin Wong
07-18-2007, 02:31 AM
I bought into MER a few weeks ago at $82 and was enjoying the ride up. Good earnings announced and the stock went over $89, but then people seemed to have panicked about the overall sub-prime mortgage (guess they didn't trust the CEO) and sold-off. I'm not one of them. I thought this suckers gunna head up to the $120 by next year after all the dust settles. I don't feel that MER had anything substantial in the mortgage debacle...unlike Bear Stearns.
aiki14
07-18-2007, 08:57 AM
Interesting how the market turned on MER yesterday, and today might be another tough day although futures are off their worst levels this am.
Lou
07-18-2007, 07:22 PM
I bought into MER a few weeks ago at $82 and was enjoying the ride up. Good earnings announced and the stock went over $89, but then people seemed to have panicked about the overall sub-prime mortgage (guess they didn't trust the CEO) and sold-off. I'm not one of them. I thought this suckers gunna head up to the $120 by next year after all the dust settles. I don't feel that MER had anything substantial in the mortgage debacle...unlike Bear Stearns.

MER bought First Franklin from National City. FF is a major subprime player.
Lou
08-24-2007, 10:00 PM
here's the reason why you own goldman today and not mer or lehman

http://money.cnn.com/2007/08/24/news/companies/merrill_subprime.reut/index.htm?postversion=2007082414