Replies to post #22318 on Marketgems Earnings Trader- Trading Strong or Weak (MKTGEMS)

[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

[jenna]

MAGS +30% (swing play)We nailed both RIMM, YHOO but DNA don't know just yet (could gap 'n crap) no wasted money there either. http://www.marketgems.com/hibaby.wav The drop on YHOO also as we were short part of the pullback and a buy off support, adding to the cumulative gains, not to mention the HUGE run in RIMM (via call options except one long from 93.03 earlier) Explosions in YHOO expect to see a triple bagger or more and hopefully a double bagger in the RIMM puts. No scalps just a plan and trading the plan. Now we have more earnings plays in tow with both potential gains. SNDK has been an option play for a while now and we might increase the position on the 32.50 calls which hit target today! RIMM fantastic after hours looks like we get a nice gain on the puts without wasting 104k for peanut gains.

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