As I mentioned this morning I was looking to short RIMM on the open at resistance. I mentioned 140.50 as potential resistance. As it turned out 141 was resistance with many large offers. I shorted below 141 and covered on the pullback to 139. I didn’t catch the move down to 137.50. RIMM released earnings in the after hours. The … Read More
BA for today
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
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