Ridden Hard, Put Up Wet

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Aug 17, 2007 5:03 pm

That damn RIMM can make a guy's hair turn gray.


As you may remember I put the covered short sale down at a credit of +/- 227--thirty times--when the stock was under 200.


Fortunately I was lucky enough to buy back 700 of the shares in the premarket before the Fed announcement--that gave me some breathng room which I needed as I "piston traded" (Damn I love that phrase) both the shares and the puts for the rest of the day.


All together I traded 17,500 shares of the common in an effort to eliminate 2,300 shares short--scalping for 40 or 50 cents. 


The thirty calls were a bit easier because my wife took over---she has some sort of gift for watching the short term trading indicators.


We just figured it out--she didn't know what I had been doing.  We lost about $400 in the entire fiasco.  Sometimes my ideas don't work out so well--a $21,000 gain disappeared as easily as it materialized.


I trust Bernstein did better today.


Her invitation to dinner is going to be honored later this evening.


I want to go to http://www.bonesrestaurant.com/


She wants to go to http://www.seasons52.com/


Maybe we'll settle by getting a table a W and drinking ourselves into a stupor.

Aug 17, 2007 5:49 pm
Ferris Bueller:
DAtoo:

Maybe we'll settle by getting a table a W and drinking ourselves into a stupor.


Then fall asleep while the car runs and the garage door is shut.  A happy ending for all.



I love happy endings A lot. A whole lot.

Aug 17, 2007 6:07 pm
pretzelhead:

There's a great place in Philly that guarantees a "Happy Ending"


For a couple of years I was in and out of Philly two or three times a months.


Stayed at The Rittenhouse, which is a nice place.


There was a restaurant nearby that I loved--Old Warsaw or Warsaw, something like that.


Is it still there?

Aug 17, 2007 6:50 pm

I don't live there, I was just there for a conference. 

Aug 21, 2007 5:07 pm
Guests:

Do you even remember all the crap you post?