As can be seen in the chart graphics ING stock price just crossed the EMA 200 line upwards, while almost simultanuesly the EMA 200 line changed direction from downward to upwards. Since this line indicates the long term trend its rather probable that the stockprice will be carried up at least to about 22 $ which is still less than 50 % of the 2007 highs. Q2 Results moreover is expected to have strongly increased and ING is expected to refund government soon as published by Merryl Lynch Analysts just few days ago.
I predicted the turn of the EMA 200 already about 2 weeks ago in this forum.
: 20000 Call Contracts on ING Groep BP 20 US$
Attention 20000 . on 30 Aug 2009 there was a 50 to 100 times bigger deal for CALL Options om ING Shares with Base Price 14 Euro 1:1 terminating on March 2010. My conclusion is that the one who invest that much expects the shares to run definitely higher than 15 Euro because Option price is 0,54 Euro per Call Option change ratio is 1:1 so its only a deal if the final share price is around 15 Euro or higher. This resembles exactly the 22 US $ i forcast as next share price target. after the share reached the 15 $ in just a 2 or 3 months the 22 $ can also be reached in maybe the double time lets say 5 or 6 months this is right before the calls terminating. Hm i really wonder who invest such a lot of money . If i am right a contract is equivalent to 100000 Euro or 100000 Shares hm i erad this for Futer and other equity options but im not 100% sure this is correct. But i saw normal number of sold contracts is only 100 to 1000 contracts per day for ING. 20000 contracts is extraordinaryly high.
Anybody who can check and explain it better or correct me if i misinteropreted is welcome.