Tuesday, June 24, 2008

Greed and common sense

Greed triumphs Common sense.

Thats what happened when I failed to sell RIMM a day prior to 1Q earnings.

In at 140.68 with a 100 shares. Saw a tempie $2 pop. Waited for the moon and fell almost $2 (Huh!) before recovering to close for (0.2). Will watch it AM.

IF ONLY I HAD .... I could have wiped 10% of the current deficit in one hit. I am waiting to score a sixer off every step. Thats insane ...

REWRITE rules for now:

Take profits and run until there is margin for error

Tuesday, June 17, 2008

GS flat on robust earnings

So...the Q1 2008 for GS is out. $4.58 vs #3.42, quite a handy beat. But GS is flat..nastily flat after being teasingly up premarket. Lots to read into the market..the earnings and the global economy. We'll see where GS ends the day.