Well a couple weeks ago , the Gazette published an article about how attractive RIMM was, so I decided to apply contrarion investing and bought 780 $60 rimm puts contracts.. It was our wedding money, but I thought if I won I woulda threw the wedding in Vegas. My wife thinks I'm a compulsive gambler? What should I do? BTW why is RIMM manipulated?
I don't think you are a compulsive gambler at all, but that was indeed a big gamble. The application of contrarian investing strategy may be a bit off. RIMM was already down $20 from it's 52-weeks high in last quarter. A contrarian investor would most likely buy RIMM rather than sell RIMM. I personally think fundamental need to be considered before an investment decision is made. Contrarian strategy alone is risky. Also, it would be a good idea to view the money you put into the market as gambling money that you will never get back. I hope things work out between you and your wife.
A pathetic post. The Duke would never put his name on such spineless dribble. Please grow a pair before executing another trade. Rennick out
Cut me some slack. Back in 2000 I bought Enron and my ex-girlfriend broke up with me . Why do I have such bad luck!
http://www.elitetrader.com/vb/showthread.php?s=&postid=2579265#post2579265 http://www.elitetrader.com/vb/showthread.php?s=&postid=2662418#post2662418