Research In Motion Limited (USA) [[RIMM]] @ 107.24
Update: Bought more @ 104
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National-Oilwell Varco, Inc. [[NOV]] @ 61.15
Regions Financial Corporation [[RF]] 11.74
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Joined Jan 27, 2008
7,405 Blog Posts
Sold AAPL @ 160 ish
Not sure this was one of your better picks. RIMM is very weak. It is down as I type after being upgraded and year end guidance raised. Be prepared to be stopped out of this one.
This rally is already starting to fizzle out. I was hoping for at least two to three up days before I started new short positions…
I already shorted MGM again. It felt good.
Update: Bought more @ 104
Don’t fight it Ragin 🙁
Yeah man.. you’re catching a falling knife intraday. What are your basis of this trade? I just don’t get it.
When all the shorts get sucked back in, we will be up 500 points.
I will be ready.
Oh, i thought you’re in it for the RIMM particularly.
Only thing holding us up is 1261.
Just giving my opinion, not bashing your trade btw 🙂
I don’t see the “up 500 points” materializing, but at least you are going with a game plan. Good luck.
RC: You are trying to bottom fish on these names here. Trying to catch that falling knife.
ask yourself has this ever worked for you in the past consistently?
If it has, then tell me to “Shut Up”.
This adds another year to the BEAR. I think Cramer is trying to sell the houses he bougth about 7 months ago when he called the last bottom. You know in the long run you should buy now. In about 16 years you will be up around 12%. WOW!!!!
Looks like you guys may be right, the bulls cannot pull it together.
I’m taking down a few shorts.
Right.
The Trading Game is the only valid game to play right now. Believe me. I’ve seen this shittin’ movie several times before. Stay in cash and play with a portion of your equity.
Alpha,
What’s your take on this madness?
For some, the best strategy might be to position themselves with adequate amounts of cash, do nothing and wait it out.
For the rest of us who are gunslinging riverboat gamblers, you are now free to trade away.
Don’t marry your positions.
Too late, Dawg, eyes a bigamist awready!
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Refiners are beasting!