call options plays worked +45%, RIMM drops hard after earnings release, stocks bottoming
the market seemed to get more optimistic today. warren buffet’s edgy deal profiting from Goldman Sachs (GS) couldn’t hurt. without even looking at my charts i know that congestion would be shown with stocks starting to break out. after the market today Research in Motion (RIMM) dove down on earnings. it just shows how unpredictable stocks are releasing earnings. stocks across the board are down a lot and i’m curious if investors fear more after RIMM’s -20% drop. i do know also the Republican party threw out the bailout plan Democratics were happy with. i’m sure this creates some room for panic and turbulance in the markets as well. i will likely be practicing put options tomorrow unless the bailout plan is passed through law and okayed by everyone. should Fed bernaneke really be taken serious? if he just gave “why” an answer with “facts” rather then just vague statements i think everyone would take the Fed more seriously.
see below call option plays closed today:
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This entry was posted on September 28, 2008 by Paul Awol. It was filed under put and call option practice plays and was tagged with aapl, bailout plans, big drop after earnings release, call option practice plays, congress, fed chairman bernanke, goog, gs, profit, rig, rimm, september 2008, swn, trading options, v, warren buffet.