DBSCV

Sunday, April 27, 2008

Company: Research in Motion
Play: Buying Sept '08 puts at 120
Why: Parent company of Blackberry. Currently around all time high but Sony Ericsson, in its earnings release, cited sginificant slow down in sales of high end devices. Not to mention the loss of corporate orders.
When: Looking to sell after RIMM earnings release in late June.

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DB SCV

Welcome to my page about markets, trading, and New York City. Trading has always been a hobby but has really peaked as of late. My investment style is primarily fundamental and macro in nature but I am learning more and more technical analysis to supplement my technique. I trade equity options because I like/need the leverage. I shy away from stocks for two reasons:

1. I dont have a ton of $ in my brokerage account. With 10$ in and 10$ out in transaction fees on a $1000 trade, I am already down 2% out of the gate.
2. Equities are boring. This is a hobby and I am not a long term investor, so to make it the least bit interesting I need leverage and volitility that options provide.

You can track my portfolio via the Investopedia Simulator < http://simulator.investopedia.com/ > profile name: dmb490. This is (usually) an exact mirror of my Chuck Schwab brokerage account. One thing that sucks is that given my involvment in the securities industry, I have to hold for a minimum of 15 days and am restricted from certain plays.

Always looking to connect with friends, like-minded folks, or people with seed capital ;)

-DB
dburseth [at] gmail.com

Sunday, April 27, 2008

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DB SCV

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