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RIMM AHs


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#1 dcengr

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Posted 21 December 2006 - 03:42 PM

Stop at 140, was in at 135.45. Almost got me this morning, but I held, so.. if it runs away on me, I'm outta there. But I think it'll crater. :sweatingbullets:
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#2 dcengr

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Posted 21 December 2006 - 04:06 PM

Jackpot :lol: Doh too early.. Ok out :cry:

Edited by dcengr, 21 December 2006 - 04:14 PM.

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#3 dcengr

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Posted 21 December 2006 - 04:19 PM

Will try RIMM again after all the shorts are squeezed out.. those call options are putting a ceiling on it, and by january, I still believe it'll head down.
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#4 CLK

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Posted 21 December 2006 - 04:33 PM

I think I might short the gap.

Gonna try reshorting Apple too.



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#5 saltlake

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Posted 21 December 2006 - 04:37 PM

Rimm looks like a good short right here in the AH. Im in at 141.05. This is a big position so Ill put the stop at 144.05. BTW, I have a daily buy on rimm so Im not feeling to good about this trade. I might stop myself out early lets see how the evening plays out

#6 dcengr

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Posted 21 December 2006 - 04:46 PM

I think I put my stop too tight, but it was based on the options resistance. I should've added the premium for the 140 strike on top. But I'll wait til tomorrow before readding. There's some shorts that need squeezing out of that stock. I'll have to recalculate the 140 strike + premium to see how much its going. Well looks like 142.90 might be the top, will have to go back and see what price the calls at 135s were bought at.

Edited by dcengr, 21 December 2006 - 04:48 PM.

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#7 CLK

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Posted 21 December 2006 - 04:52 PM

The put premiums should collapse on the open, DOM calls should too.

#8 CLK

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Posted 21 December 2006 - 10:38 PM

Once macd crosses zero, that is the point of no return, serious ugliness
will be printed.


I almost always expect a bounce after a down day, just looking at the
technicals, very similar to 05 sell off.
I think I'm going to put my 401k in cash until later in Jan. to be safe.
I think they are painting the index tape to get all the inventory out by
year end.


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