GUYS/ GALS LET'S DO A POLLING AND FIND OUT HOW MANY PEOPLE BELIEVE IN THIS PERSON.
ADD TO YES Number...... (if you believe him0
ADD to NO Number....... 1 (if you dont)
I will give him some credit for my INTC trade....I covered my 1000 short shares of Rimm yesterday ( no I did not get the low if the day!) and went short INTC at the close ..
Hartail talkled about his investment discipline of taking the most volatile stock reporting and taking a short / long position at the close.
I covered at the open...lucky...thats all.
If i had balls I would have executed my APPLE trade ...but its too crazy to jump in front of this one,,,,,
I wanted to short the 100 Jan 95 calls around $3.50 and buy 50 of the Jan 100 Puts at 5........ that would have been a sweet deal...if it went to 90....but looks like max pain is 95 and stock could esily run past 100......bock bock!
Anyway cheers hartail,,,like I said last week,,,stick to what you do retuinely,,,,RIMM was not part of your trading strategy.
Back to my Pinot Gregio ( ah AZO)
PS- I think RIMM makes another run before its goose is cooked. Hope to short again. At 125'ish,,,,i'm on the sidedlines
distribution is just as important as accumulation. The entity you are forgetting is the MM. A MM sometimes has to buy shares on down days - to an extent of course. If he is not "Square" at closing He will have to makeit another day if the stock is being distributed he can do this by further dropping or expanding the bid/ask range.
Its not a net sum game on every trade
THIS STOCK IS NOT BEING ACCUMULATED IS BEING SOLD OFF