lol... nice play ... im being greedy, trying to squeeze a bit more out of my apr 125 calls before the end of the day, already +38%
i mistakingly bought them HEAVILY overpriced yesterday at 4.20.... they opened down heavy but i bought more at 2.11 and lowered my dollar cost to about 3.15.. sold at 4.65
i bought at 116 at the close.... sold at 123 in the rush up, then whipsawed. Made the mistake of not holding much in the account I manage for someone else, could have made him a ton more today (+5K in that account, which for me is a good day) RIMM earnings have always been good to me. Made a killing last year in the earnings when they announced the split, bought a bunch of calls at 2.15 a piece, sold the next day at close to 20 a pop... Too bad there's not much of a pop on those now.
April 3 - Analysts at Lehman Brothers reiterate their "overweight" rating on Research in Motion Limited (RIMM). The target price has been raised from $135 to $145. http://www.newratings.com/main/comp...&option=headline&id=1723962&isin=CA7609751028
Thanks. I got stopped out of the trade, I set my stop at 121. Net loss about 25 bucks. Live and learn.