PetroChina, WellCare and Citigroup

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Talk about the stories, here is a list of the biggies. I mean real BIGGGG!

Let’s start with the largest company in the world, yes, you read it right. PetroChina (PTR) is the largest company on the Planet (from Market cap perspective). How big, more than 2 times of Exxon Mobil (XOM), More than 5 times of WallMart (WMT), more than 4times Google (GOOG) and many more. Let do the math for fun, Petrochina is, (as of today’s Shanghai close) as nearly as big as Exxon Mobil (XOM) + Schlumberger (SLB)+ British Petroleum (BP) + Chevron (CVX) combined. Yes, that big!!! Market cap, over 1trillion dollars!!! I don’t remember any company touching that much market cap in my lifetime.

FXI Puts should more than offset my loss on WellCare (WCG). Wellcare has announced results and the stocks is bouncing over by +$10. Seems like shorts are caught off-guard on this. I have been talking FXI earlier, congrats to those who got in time especially the China Plays. Hopefully for past 3-4 sessions OP readers have been going to the bank smiling even though markets have been bleeding.

Writing-off $11billions? That’s like half of GM’s market cap. Sayonara Charles and good luck Citi shares owners.

Cheers and profitable trading, OP


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