1998 all over again?

[New-born baby]

I dunno. But I do know that RIMM is an S8 buy the open price tomorrow to risk 4% to target +40%.

I also know that RIMM is rated at +87% with me Scuttlebutt rating system.

I would not be short RIMM at this stage.

On the weekly she seems to be in a 3 up within the 5th.......so worst case I see if she does sell on bad news is a dip to 87.00ish for the 4 down, before 5 up.

P.S. Thanks fer the comments. I am seriously beginning to wonder about this forum.

Spike,
HUGE thanks for the RIMM comments. I really appreciate it.

Give us a break, Spike; stay with this forum. Pretty please.

[skiracer]

I dunno. But I do know that RIMM is an S8 buy the open price tomorrow to risk 4% to target +40%.

I also know that RIMM is rated at +87% with me Scuttlebutt rating system.

I would not be short RIMM at this stage.

On the weekly she seems to be in a 3 up within the 5th.......so worst case I see if she does sell on bad news is a dip to 87.00ish for the 4 down, before 5 up.

P.S. Thanks fer the comments. I am seriously beginning to wonder about this forum.

I've already made my mind up.

[spikefader]

...do you think RIMM will blowout earnings?

I dunno. But I do know that RIMM is an S8 buy the open price tomorrow to risk 4% to target +40%.

I also know that RIMM is rated at +87% with me Scuttlebutt rating system.

I would not be short RIMM at this stage.

On the weekly she seems to be in a 3 up within the 5th.......so worst case I see if she does sell on bad news is a dip to 87.00ish for the 4 down, before 5 up.

P.S. Thanks fer the comments. I am seriously beginning to wonder about this forum.

[jiesen]

And the silence was deafening...................................Click here

heh. nice one. for a second I thought that cricket was real!

[New-born baby]

And the silence was deafening...................................Click here

Spike,
Glad to see a post from ya . . . I wanted to see if that Bull avatar was still in style. I always listen to your market direction calls. You are just like Walmart: "ALWAYS!". In other words, Spike,

YOU WERE RIGHT, SPIKE! THANKS ALOT!

That last bear call saved me a lot of dough. Now if I had listened to your RIMM call, I'd a made a lot more dough. I came out pretty nicely on RIMM, but not like I could have if I had fully taken Spike's advice.

I sincerely hope you'll keep making those calls for us because when Spike calls out a bear, Spike ain't never wrong! Thanks so much!

Now, do you think RIMM will blowout earnings?

[spikefader]

And the silence was deafening...................................Click here

[spikefader]

...I'm looking for August 10 as the date we should have a bottom by...

Hmmm.....I was 4 trading days early....more study required obviously.

Merrill downgrades C, LEH and BSC

I expect LEH to trade down to book value this fall.....BSC's book value is a moving target but I see considerable downside as well.

[IIC]

Once I finally gave up on holding Goldman Sachs, taking a large loss on the sale, I've been trading my way back.....GS is down another 20 points from my exit. I shutter to think coming back from an even deeper hole....Anyway, with CNBC on mute, I've been clawing my way back.....I talked with a schwab broker the other day and remarked I was enjoying the recent volatility....His response was "you're one of the few".

The volatility is actually great for quick trades IMO...But only if you are not disturbed during the market day...Unfortunately I don't have that luxury right now.

up 5% for past 30 calendar days

Once I finally gave up on holding Goldman Sachs, taking a large loss on the sale, I've been trading my way back.....GS is down another 20 points from my exit. I shutter to think coming back from an even deeper hole....Anyway, with CNBC on mute, I've been clawing my way back.....I talked with a schwab broker the other day and remarked I was enjoying the recent volatility....His response was "you're one of the few".

[skiracer]

eleven trades a day is still alot of trades even if you count every entry point and exit point as a trade. you still have to watch them and pull the trigger at each point.
I look at it differently as each setup or trade is comprised of both the entry and exit. so 1 trade to me is entering the play and exiting the play for a gain or loss either long or short. still alot of trading going on there jim.

[IIC]

30 trades by schwab's measure is 15 buys and 15 sells......This is definity a very high level for me at this time....I guess it's the volatility....in the last rolling 12 months I did 4000 trades....I don't plan to do 30 trades a day forever....

Oh...that sounds more manageable, but still a lot...although I know a few people that make a lot of trades...I've even read about people who make over 100 a day.

When I say "trade" I am talking about a round trip...I believe the most I ever made in a day is 12 r/t's...I have not been in Stealth DT mode since January though....But when I am it is usually about 15-25 r/t's a week.

Problem is that I work f/t and trading at work is real risky.

this is not my usual trading activity level

30 trades by schwab's measure is 15 buys and 15 sells......This is definity a very high level for me at this time....I guess it's the volatility....in the last rolling 12 months I did 4000 trades....I don't plan to do 30 trades a day forever....

[skiracer]

30 trades a day averages out to about 4.61 per hr. not prohibitive but to catch all those trades at the most advantageous, or what you thought was the most advantageous point, you would have to have done every bit of your homework on your watchlist and to sit at a screen or two to watch every minute because any trade possibly could hit your trigger at any time. you could set up trades to go off at a specific trigger and exit at a specific trigger and leave but that isn't always the safest and maximized way to do it. depending on your position sizes your account would have to be at least 6 figures or more. i don't think you would have enough to trade 1000 share blocks 30 times in one day without at least 500-600 thousand an alot would be dependent on the price of the stocks involved in the trades. possible but not as easy as it looks or said.

[IIC]

I have a mid six figure account for trading.....I spend an enormous amount of time preparing for the trading day. I want to visualize what I will do when the conditions are right for the trade. This helps ensure I will act in a timely manner....For me, trading is a 12 a day thing, most of it reading charts...My performance improved immensely once I stopped hearing any opinion from James Cramer....To help avoid over trading, once I've made a satisfactory profit for the day and the opportunities seem limited, I go fishing....This is usually by lunch time.....

OK...but you never struck me as the type that would make 30 trades in a day...But then again I don't know you...I'm not doubting that you did, but I am surprised.