PWAV/RMBS.. debating. In the trading forum we are discussing the pros and cons of a small long position in RMBS/PWAV through earnings and I repeat here. Those that held RIMM obstinately short these last 2 days (we were short intraday) and shorted this report got their bottoms whacked and their faces wet with tears. We are no longer holding short positions after the close, there is where you separate the traders from the 'die-hard' shorters who will short till the death (whose death? that's the scary part). Tis market is not great but it doesn't want to stay down and that's very nice for the future. Prices are dirt cheap now and we can have gains on the long side right at the 'bottom'.. If its not a bottom, we sell anyhow after 1-3 days.
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