SHORT RIMM before earnings

Discussion in 'Stocks' started by kingliam, Oct 1, 2007.

  1. Cutten

    Cutten

    I like a trader who can be objective about his positions :p
     
    #21     Oct 7, 2007
  2. Or one who has no clue what he is doing. Been there done that.
     
    #22     Oct 7, 2007
  3. pinabetal

    pinabetal

    RIMM should continue the up move after the gap up (made on 10/5) on strong volume. Only smart money can sustain a gap up on heavy volume. I wanna be on smart money side. The move up should continue on 10/8. Hope the shorting dude covered or reversed his position.
     
    #23     Oct 7, 2007
  4. Do yourself a favor and stop trading like that.

    Anek
     
    #24     Oct 7, 2007
  5. I just had to bring this discussion up...

    *bump*

    to the OP, so how goes the shorting strategy?
     
    #25     Oct 23, 2007
  6. gobar

    gobar

    OP is never going to trade again....

    betting agnst china and growth stock is too damm risky...
     
    #26     Oct 23, 2007
  7. kingliam

    kingliam

    You were all scared..I added all the way up to the 130's, avg Price with full position 117.23 made over 16K on simple trade..
     
    #27     Nov 12, 2007
  8. kingliam

    kingliam

    This is my style and works for me.. I have no losses in the past 1 1/2 years.. I am FLAT RIGHT NOW.

    everyone has their own style and personality.. you need to find a method that works for you.. i think I learned that at http://www.stockteacher.com great course. anyways I am off Greece for vacation.. back to trading in January. Best to all
     
    #28     Nov 12, 2007
  9. That trade was awful.

    No way to justify letting a stock run 40% against your original short.

    You could do this right 10 times in a row, and the 11th time will wipe out your entire account.
     
    #29     Nov 12, 2007
  10. Looks like Nick Leeson now posts on ET :D
     
    #30     Nov 12, 2007