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Recently I don't get good entry points although I eventually can close the trade with profit by selling options and reparing but that makes the trade very painful. Today's IWM price action was unbelievable to me. I believe patience will pay off. I also liked the option trade that a big trader...

From news on Thursday Jan 31st: As the iShares Russell 2000 Index Fund trades just off this week's all-time highs, a large position is looking at the downside. More than 303,000 IWM options have changed hands so far today, already almost at its total daily average for the last month...

As you know I am long TZA and losing money on that but I am also selling covered calls and collecting premiums but the premiums are too low.

Not good but I am still hopeful. There was a 10000 contract trade on IWM for March . A trader bought 86 PUT and sold 80 PUT and alo sold 94 Call for about 57 cents debit. This is big bearish spread. So far small cap looks like a stubborn kid that does not want to give up and I am a kind of...

I agree. Even your $15 prediction on option expiry day was a very educated guess. It proves that no onecan predict where the stock will exactly go. The art of making profit is to put either stop loss or do it small.

I respect you. Thanks for your comments and advice. Actually I am not going to make a lot in RIMM because my entry points were premature but my victory was because I started small and added to my position. I have coverec PUT 13.5 for tomorrow so most probably I will be RIMM clean tomorrow. My...

RIMM is trading at about 12.80 before market open. I don't recommend openning a new short position at this level. At least I am not going to do it today.

Are you losing money in this market? You seem agitated.

If you find someone who is bullish on BB10, just ask him/her one simple question which is: Do you know any company or corporate (with the size of 50 or more) who has adopted BB10 as its new corporate phone? Ask him/her to name the company.

Another memory freshener from my older posts.

My golden advice a while ago that shows my wise strategy. Just to prove and refresh some people's memory.

I mentioned in my first post to start shorting slowly and increase your position as it goes up and sell naked PUt to juice up your profit. I am not that kind of trader who shorts 100K shares of RIMM and puts a 5 cent stop stoss on his trade. I move with the flow. It goes up, I short more, it...

Here is my update on RIMM and where I believe it will go: As you see patience and conviction pays off and you get what you shoot for. I was made fun of for this trade but you see at the end what makes sense will come out of noise. Another point that I should make is that if you were one of...

We might complain about some bugs which might end up not really being bugs in IB but I have to admit, IB is the best broker I have ever dealt in my 17 years of trading.

LOL

exactly

Wasn't it obvious? I am still giggling of the joke someone said that RIMM will go to $30. Better joke is that BB10 is an iPhone killer.

By the time that I posted AMZN was still up $10. Even now it is up over $8 but I believe things are changing.

Yesterday when AMZN was up over $20 in AH, I posted that something tells me that AMZN might close in red tomorrow (today) and I believe that is happening now. If market wants to get bearish, we should see it in AMZN. Time will tell. AMZN price action is a good indicator. I am long TZA, Short...

Europe is also contracting at 0.2%. Mortgage applications are down (today's news) Mortgage interest rate is highest since last september (today's news) Semiconductor stocks are warning(LLTC, INTC, ALTR, TXN,...) I believe we have good evidence that the road ahead is bumpy and too much...