Rimm Earnings Play

Discussion in 'Trading' started by Samson77, Apr 7, 2004.

  1. Maverick74

    Maverick74

    More like blew away earnings. This is going to be a very good qtr for the market. This market priced in perfection for all these stocks and perfection is what it got.
     
    #11     Apr 7, 2004
  2. Sold $108.75 current price $104.90 :D :D :D
     
    #12     Apr 7, 2004
  3. Still short last quote 106.50

    ADDING to short here

    Target 100.
     
    #13     Apr 8, 2004
  4. Sorry this is to nice ....... :D

    Had to take partial profit here 102.40 :D :D :D

    Leaving last 1/3 of the position for now.
     
    #14     Apr 8, 2004
  5. Still Short 1/3 of this order target still 100 for now ...:)
     
    #15     Apr 14, 2004
  6. Sold the last of my RIMM today at the close $100.60.

    Nice Earnings play that illustrates the fact that BUY the rumor Sell the news is still alive in todays markets.

    :)
     
    #16     Apr 16, 2004
  7. Mecro

    Mecro


    It could have went either way as a sick short rip could have taken place. I think the butterfly spread mentioned by Hello was the best bet to take.

    Nevertheless nice taking of profits. Spend it wisely.
     
    #17     Apr 16, 2004