Should be a light day of trading before the Fed announcment at 2:15 today. Will be looking at BA today because of the news below: Boeing: Oil surge may cost jet makers orders – WSJ (74.79 ) : WSJ reports as rising oil prices cause even the strongest airlines to struggle, Airbus and Boeing face the possibility that as many as … Read More
re: RIMM Weakness
RIMM showing weakness in the pre market. probably due to the WSJ article talking about people overestimating growth and underestimating risk in the consumer market. I have covered the majority of my overnight short position as it has failed to hold an offer below 139. Will look for resistance at 140.50 level after the market opens for a safe entry … Read More
One annoying computer program
Lately I have spotted a new computer program in my stocks and I think its important to briefly talk about these silly games. In our training program we talk about catalysts in a stock before making its move. There are plenty of times when you can see the buying/selling in a stock but it needs something to make the stock … Read More
Pattern Recognition and air travel
My partner and I were invited to Chicago yesterday for an interview to discuss our firm, SMB Capital. All went well, grabbed some deep dish pizza at Gino’s East (delicious!), and headed for O’Hare. The 3pm to NYC was delayed for 2 hours, the 4 for a little over 2 hours and the 5 for about 2 1/2. My plane was posting for … Read More
