3/15/2005
The market is starting to trend down a bit, but the week is not over to tell the overall trend. I watched avct ran up today and started to short it, I once again shorted too early and had to initiate more position to a total cost of 26.34. I just think this is one of those dead cat bounce situation, but in hindsight this one might have some leg to go up to 28 or 29 before it will come down. Will get out if it comes to 26 or moves anymore over 28. Sol all my rimm, I believe tomorrow is the last day of the wireless conference and all the news are out.
Trade: sold all of rimm +6.40/share
Watch: current positions
Current unrealized g/l:
bmet +0.40/share
ttwo +.05/share
snda +.10/share
sgtl +1.50/share
avct -.90/share
posted by wb @ 8:25 PM
2 Comments:
Nice trade on RIMM, it's good to see some other traders make money on this one instead of lose it like a friend of mine.
Thanks, Jacob. Could have made more money if I hold it 1 extra day longer. But, it hit my target and I thought everyone knew about the settlement on Tues already.
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