Do You Have A Trading Plan? Consider Ours
Without a clear trading plan no one can make money consistently. A trading plan allows the trader to execute his/her trades in a consistent manner and without letting emotions get in the way. Clear entry points, stop-loss and profit targets are predefined by in the trading plan, allowing the trader to focus on execution […]
Closing Research In Motion (RIMM) Short
Folks, we just closed (i.e bought back the out of the money calls we sold a while back) our short in RIMM. We discussed opening this trade HERE and HERE. Now that our profit target near the $40 area, and at the bottom of the long-term downward sloping channel has been reached we feel taking risk […]
Short-Side Opportunity in VMWARE (VMW)?
VMWARE has become traders' favorite momentum name over the past twelve months or so, and for good reason – even if few understand what 'cloud computing' really is. The stock bottomed in late 2008 near $17 and reached a new 52 week high yesterday at $102.74. In 2011 so far the stock displayed great volatility […]
Early Thursday Morning Market Thoughts
It goes without saying, yesterday's market action was ugly. The clearest signal of further risk aversion in my mind came with the fake breakout higher on Tuesday, the last day of May. In hindsight it is now clear month-end games were in high gear last week, and until Tuesday of this week. The blatant disrespect […]