Great retracenent in RIMM yesterday. Made back over $100 from that disastrous day. Less than $80 away from break even and still 2 months out on my investment horizon. Still liking this move but my entry was ill-timed.

So much news setting up for a bad earnings release.

What: QLD - Nasdaq Double Long

Is it time to go double long the tech index? The technicals say it might not be bad as the current price is above the 20, 50, and 100 day moving average. Volume is high and steady as the buyers beat out the sellers. Fundamentals? Warren Buffet article in Barron's over the weekend talking about his bull prospective of the sector. Lastly, I am becoming bullish on the economy as a whole.

Still don't know about this. Will look into it more.

Sick playlist off my boy Bryant's page:

http://americanexcess.muxtape.com/

Definition of getting burned = Losing a quarter grand on a rainy Monday.

25% loss on one day.

Stinging

Tonight's party

http://www.musicislove.net/may9.html

Chevron vs. Exxon pairs play

These two companies move in step almost perfectly. This chart shows their historical movements:

The last couple of couple of days, they have begun to diverge:

A strong bet might be on the convergence of these two back to similar returns. Please note that these charts are percentage changes and not price so it is a little misleading.

I don't have nearly the capital to take advantage of this but someone probably could with the correct put on Chevron and call on Exxon.

Eaton Vance Floating Income Trust

Strong play for longer term investors (think IRA). Pays a monthly dividend that is between .5% and 1%. Great way to get a safe and stable 7-10% a year. There is also the possibility of gains due to the security rising.

Check it out:
http://finance.google.com/finance?q=NYSE%3AEFT