Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

RIMM straddle we expected at least 5 points in either direction and we might get even more.

began on April 1 got the beef on the long and now the short of it. MILKED this baby



RIMM Strategy (105 or 100 puts since we creamed RIMM already):

RIMM the 115 calls are cheaper than the 110 calls and if RIMM explodes after the report either will be fine. For a hedge of course we MUST have RIMM puts (April 105 or or 100 puts) About $5.50 is not a huge price to pay for a 110 buck company that could be 120 or 100 by Thursday 10:00.

Wed Apr 7 11:25:53 2004: Moderator [0/] Msg:RIMM continued breakdown of it's lod, trading like KLAC
Wed Apr 7 11:27:06 2004: member[0/] Msg:RIMM weak after gap up, anticipated earnings priced in?
Wed Apr 7 11:27:42 2004: Moderator [0/] Msg:I would think so on RIMM
Wed Apr 7 11:28:35 2004: Moderator [0/] Msg:If you have premarket quotes and charting you can see the downtrend from the premarket high