Ridden Hard, Put Up Wet
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.
[quote=DAtoo]Maybe we'll settle by getting a table a W and drinking ourselves into a stupor.[/quote]
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.
[quote=pretzelhead]There's a great place in Philly that guarantees a "Happy Ending"[/quote]
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?