CNBC - Cramer's Mad Money
- Thread starter LaSalle
- Start date
Honestly, I'm crappy at long term plays. Most of my trading is minutes (sometimes seconds) from entry to exit. The longest I hold anything is one or two nights.
RIMM's miraculous recovery over the last few days is pretty shocking. Time will tell if Cramer was right. I still think this $15 billion market cap, one product company will be below 40 in two years from now...but I'll leave the long term trading to Cramer. My short calls collapsed nicely Wednesday morning, I covered, and my involvement with RIMM is done for now.
On to where the excitement will be next week...AAPL.
April expiration is this coming Friday. I didn't say they expired.
Quote from EqtTrdr:
by the way....
what the heck has Cramer been apologizing for all day yesterday???
kissing the ceo's arse of BLUD
and coming on CNBC every 5 mins saying.... "I messed up"
He more or less said that Blud was a dog and no one should own it.
BTW, I think Cramer is great. After this career he should get into preaching.
John
Quote from EqtTrdr:
by the way....
what the heck has Cramer been apologizing for all day yesterday???
kissing the ceo's arse of BLUD
and coming on CNBC every 5 mins saying.... "I messed up"
He originally said a couple days ago that Blud is awful and the stock "goes down every day".
Thank you. That makes sense to me. On the gap down on the day after RIMM's earnings i increased my long contracts, while keeping my short in place. There probably isn't a name for this but when I charted out the pay-off diagram, I really liked the risk /reward trade off. My risk, although increased, was still capped, while the upside was now unlimited (although not the most upward sloping curve I've ever seen). Be that as it may, I exited the trade on Friday with that large run up.
...so we both made money on RIMM last week.
I love a happy ending.
I love a happy ending.
cramer telling people to sell aapl 6 points under where he got them in. thakns for that. also went negitive on aig today after telling people to buy it higher.
Apple's lead times and product availability have gone from tight to loose, iPods from hard-to-find to bountiful.
The momentum holders, the mutual funds that play the upside surprise game, know that the iPod is now readily available.
Take this bounce, which will be short-lived, and use it to roll out of the stock
Apple's lead times and product availability have gone from tight to loose, iPods from hard-to-find to bountiful.
The momentum holders, the mutual funds that play the upside surprise game, know that the iPod is now readily available.
Take this bounce, which will be short-lived, and use it to roll out of the stock