Thursday, December 18, 2008


Aright, i am now totally annoyed at my DXO. I have no doubt that OPEC will indeed cut production even more... but its taking up $$$ that could go elsewhere.

i bought RIMM Dec 30 puts today. shoulda bought them yesterday, but i just forgot about it. in any case RIMM made there Q estimates and guided "ok" for the next Q.

There Blackberry Storm is helping them and cursing them at the same time. I havent heard so many people wanting to return a phone at such a high 50%... even after the last update. And yet that piece of news didnt make it to the traders desks. I will indeed buy puts again on RIMM in the future. But for now at least i took the risk, which i guess was already priced in.

FAZ would have been the perfect buy for me today... or yesterday actually, which someone in fact did as i follow a bunch of traders. i should just listen to these dudes... and skip my reasoning some times.

Well, options expiration tomorrow means SELL SELL SELL... that will be the only way i come out of this last RIMM position with with a minimized loss.

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