AIG AA pumps .... Spose he can take the Dow up tomorrow? :eek: Ha ha ha.. Wouldnt that be something. Geo.
Can Cramer really move a stock like that? I made a buck on my overnight position. Thatâs amazing that he moved AIG that much. Do you think there is other news too? I donât turn down gifts so I sold but I question the move.
Sure can. Just like Dan Dorfman in '95-96. Sue hererra would say he was coming up after the comercial break and people would hurt themselves running to their desks. Ah, the good old days before the really good old days.
The RIMM CEO was shrewd...he put out a statement this morning with one key word in it: CHINA. That's all it took to keep that puppy alive today. I think all CEO's should take note of this "burn the shorts" strategy.
Just wondering what the haters have to say after seeing RIMM fly today? Personally think he is great for daytraders.. Still not sure why people hate him.
For being a good sport, I'll help you out by explaining a key mistake here: You were bullish and I was bearish pre-earnings, but that is completely irrelevant to the point I'm about to make. RIMM's IV dropped 42% on the earnings news, and you can probably agree that this IV drop was clearly anticipated by all of us. Now, understand that call (debit) bull speads are always hurt by an IV drop, and put (credit) bull spreads always benefit from a big IV drop. Therefore, in the future, whenever you wish to put on a bull spread going into earnings, you're always better off using the put (credit) bull spread, and avoiding the call spreads. Hope this helps...