Tuesday, October 2, 2007

Panic Buy? part 2

Well, i couldnʻt take it anymore.
-sold RIMM oct120call
-bot AAPL oct155call I.T.M.

AAPL wasnʻt bothered by the housing news being worse. it really hasnʻt the whole year, sans february. it wants to take out 160. so my short-term plan, sell this thing Thursday and hope for a dip on friday.

RIMM itʻs worth noting that 120 is a little far out. the thing is recent history says, red til day of earnings, then BAM!!! this stock move 15% to 20% after report plus one day of 5 to 10%.

VMW: took off in late trading. took a peek at 89-90 range then whoah! i shouldve kept watching

anyway, my focus is primarily on RIMM.

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