RIMM pre earnings news: Outlook...
Glad I am out.

Don't have any trades in mind at the moment. The only smart play seems to be volatility which is hard to access. Right now oil buyers and sellers are just exchanging PnL back and forth each day it seems.

Been working a million hours lately so little time to play around.

Exited RIMM a couple days ago. Lost $80 overall.

I had really poor entry timing and didn't take profits when I had chance (I was up almost $400 at one point).

I liked my analysis and upped my short bet at the (then) 52 week high. Ballsy looking back. Overall, dad execution and happy to be out of the trade. I do have a very good feel for how RIMM moves and reacts.


Have about $2k sitting cash now.... Looking for a new play but very tentative given the volatility (see VIX)

Interesting tool here on the bottom of this page:
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=msummary&cmd=show,iday[Y]&disp=SXA

The Bullish Percent Indices is a market breadth indicator that is calculated by dividing the number of stocks in a given group (an exchange, an industry, etc.) that are currently trading with Point and Figure buy signals, by the total number of stocks in that group.


A dip over 30% represents substantial overselling and a good opp to go long into a sector.

Crazy Day

Crazy market day.

Oil up +$11 to $139. Incredible call by Goldman commodities research to forecast $142 by the start of the summer. When that came out, I think it was at 120ish. There is now talk to a rally of > $150.

Gas at $6 a gallon in LA....


Huge drop in the Dow. Almost 400 points. Nuts.

Stocks of note today:
^VIX +26%
BCS -8%

Strong personal gains on my RIM Puts. May cash out after the release of the new Apple phone next week.

Back from a much needed vacation.... Out 4 business days and come back to:

In other news, this is wild (if they work):
http://seekingalpha.com/article/75593-triple-shot-leveraged-etfs-on-their-way