Tuesday, April 13, 2010

** UPDATE #2: BPOP - Order Flow Wins

BPOP is trading 3.68, up 20% today and 42% since the first post on 3-22-2010. The LIVEVOL™ Pro Summaries are below.



Today (4-13-2010)

First Post: Click Here

First Update: Click Here

The company has traded over 86,000 options (not a typo) in the first four hours on total daily average option volume of just 2,890. The Stats Tab snapshot is included (click the image to enlarge).

Sometimes order flow does point to a move - in this case the stock jumped from ~$2.60 to ~$3.70 in a few weeks preceeded by obnoxious one sided order flow (see prior posts above).

The news: Click HERE for full article.
"Shares of Popular Inc (BPOP.O) jumped 11 percent on heavy volume Tuesday, a day after the company said it was raising $900 million, giving the biggest bank in Puerto Rico ample cash to go for widely expected regulator-backed deals...

"...We believe Oriental Financial's (OFG.N) recent $100 million capital raise and these FDIC commercials, in addition to Popular's offering, point to a consolidation of the banking system in Puerto Rico in short order," FBR Capital Markets said in a note Tuesday..."

Takeover party?...

This is trade analysis, not a recommendation.

Legal Stuff:

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