im long some RIMM

Oh, yea. All my longs went down to gap. A bummer as I could have made a killing if only I was short. It held up good durring the market sell off, but all it takes is a bad mouth report to freak people out.

But hes right, no point in selling now because it buying time while its extra low. I bought 500 at 50, but Ill save my next 500 when it finally bottoms out. I wouldnt be surprized if Crammer gets on CNBC to give his take on the sell off.:eek:
 
Thank you RIMM. $2700+ in under 24 hours with a mere $500 risk. It pays to think independently.

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Some humble advice:

You are playing with fire with your approach.

At least listen to their conference call and, specifically, the comments their CEO has about guidance.

Quote from stts:

Oh, yea. All my longs went down to gap. A bummer as I could have made a killing if only I was short. It held up good durring the market sell off, but all it takes is a bad mouth report to freak people out.

But hes right, no point in selling now because it buying time while its extra low. I bought 500 at 50, but Ill save my next 500 when it finally bottoms out. I wouldnt be surprized if Crammer gets on CNBC to give his take on the sell off.:eek:
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I need to learn about how options work. That chart doesnt make any sense to me but I like your results. The lady above mentioned about along put would protect my stock price but are they cheaper than going short the same size stock.?

I was short my entire long just the day before, but I covered it just before the market learned of the pathetic bank non plan. So much for the rally and now this the next day. RIMMs outlooks arnt bad at all, but they released their statement the day after the freakout over the bailout. The media will doom and gloom anything that isnt lined with gold especially after yesterdays selloff. Not too smart of RIMM in my opinion, and it would have been smarter to release staments the following week. NOK moved their bad earnings reporting date till after Obama's election to cussion their selloff on the news and that was very smart of them.

I listen to all the calls including those of their suppliers and peers. I dont invest blindely, and there are risks, but their performance is steller compared to everybody else so its certainly a good investment. But one other factor is the volitility of the market, so people have to trade with small fractions of their account so they can continue trading even after a huge pullback for whatever reason. But I am confident this thing wont sell in half, so I trade with relative confidence as the market trades in a range.

I have been vigorous in taking regular profits so it has so far not sold down to the point where all my profits have shrunk to zero. But when it bounces back with the additional purchase, I will be sitting even higher with a grin.:D

You really only loose if you sellout before the rebound. Some people do that...
 
Quote from stts:

I need to learn about how options work. That chart doesnt make any sense to me but I like your results.
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It means I bought 5 RIMM Feb $55 Puts for $100 each yesterday and sold them this morning for $645 each.
I know nothing about the fundamentals of RIMM, I only bought them because I saw tremendous resistance on the chart.
 
Do you buy only what is available, or can you get exactly what you want. I know there are expiration dates, but what would I buy to protect 1500 shares while still being able to take the up gains, for say 1 month? Thats what I hedged the other day and it ties up all that cash.
 
Quote from stts:

Do you buy only what is available, or can you get exactly what you want. I know there are expiration dates, but what would I buy to protect 1500 shares while still being able to take the up gains, for say 1 month? Thats what I hedged the other day and it ties up all that cash.
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I wouldn't "dabble" in options if I were you until you fully educated yourself. Too much temptation to "bet" big before you know what you are doing. Seems like the fast road to profits but could be the fast road to going broke.
 
Well, its a bad day, but trading continues while everything else recovers. Took not quite a point and half on 500 shares. Ill wait and see before putting it back in but it appears to be taking off as I type.

The news is so dire you might as well throw RIMM in the same tank as the auto industry. CNBC's tech author just cant praise apple enough as he kicks RIMM from curb to curb. He even smears RIMMs 20% outperformance rate but says it means APPLE has huge upside to look forward too, even though it was RIMM that did it.

Get used to it folks as the media runs the world these days. But predicting the media could also be an angle to profits...

Buyers will return when they regain some measure of confidence...

Yea Im going to dig into the options arena to figure it out. With more tools at my disposal, it may make me a better trader.
 
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