CNBC - Cramer's Mad Money

[jpstocktrader]

Quote from syswizard:


Yeah, right. See tomorrows OPEN.
How about 70 or less....

Hey Jimmy said it would stay at 70, and not to worry. What do u mean or less?

 

[max401]

Kavelman is on CNBC at 6:50 AM.

 

[gunslinger]

Quote from jpstocktrader:

Hey Jimmy said it would stay at 70, and not to worry. What do u mean or less?

He sure did, bought after hours, sold on the open, tx jimmy.

 

[Trader5287]

AIG AA pumps ....

Spose he can take the Dow up tomorrow? :eek:

Ha ha ha.. Wouldnt that be something.

Geo.

 

[brokerboy]

Quote from Trader5287:

AIG AA pumps ....

Spose he can take the Dow up tomorrow? :eek:

Ha ha ha.. Wouldnt that be something.

Geo.

Can Cramer really move a stock like that? I made a buck on my overnight position. That’s amazing that he moved AIG that much. Do you think there is other news too? I don’t turn down gifts so I sold but I question the move.

 

[jnbadger]

Quote from brokerboy:

Can Cramer really move a stock like that? I made a buck on my overnight position. That’s amazing that he moved AIG that much. Do you think there is other news too? I don’t turn down gifts so I sold but I question the move.

Sure can. Just like Dan Dorfman in '95-96. Sue hererra would say he was coming up after the comercial break and people would hurt themselves running to their desks.

Ah, the good old days before the really good old days.

 

[syswizard]

The RIMM CEO was shrewd...he put out a statement this morning with one key word in it: CHINA.
That's all it took to keep that puppy alive today.
I think all CEO's should take note of this "burn the shorts" strategy.

 

[Solskjaer_20]

Quote from syswizard:

The RIMM CEO was shrewd...he put out a statement this morning with one key word in it: CHINA.
That's all it took to keep that puppy alive today.
I think all CEO's should take note of this "burn the shorts" strategy.

Similar to late late 90's/early 2000 except change China for Internet.

 

[sammybea]

Quote from Solskjaer_20:

Similar to late late 90's/early 2000 except change China for Internet.

Just wondering what the haters have to say after seeing RIMM fly today? Personally think he is great for daytraders.. Still not sure why people hate him.

 

[Rearden Metal]

Quote from jpstocktrader:

Your welcome.....lol. I did a May 70 / 85 bull call spread. maybe he will have RIMM's CEO on tomorrow and I can exit at break-even.

For being a good sport, I'll help you out by explaining a key mistake here:

You were bullish and I was bearish pre-earnings, but that is completely irrelevant to the point I'm about to make.

RIMM's IV dropped 42% on the earnings news, and you can probably agree that this IV drop was clearly anticipated by all of us. Now, understand that call (debit) bull speads are always hurt by an IV drop, and put (credit) bull spreads always benefit from a big IV drop. Therefore, in the future, whenever you wish to put on a bull spread going into earnings, you're always better off using the put (credit) bull spread, and avoiding the call spreads.
Hope this helps...