Archive for February, 2009
Stock Trade Update: Close First Solar (FSLR) Short (Puts)
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Closed 10 FSLR March 115 Puts @ $10.00 (bought @ $6.80) for a gain of $3.20 points.
I will look to short (FSLR) again on any pullback towards the gap that is created today. If we continue with this bear market, its possible that (FSLR) might hit break below the lows of November (around $85).
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Bailout Calculator…
Stock Trade Update: Close RIMM Shorts (Puts)
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Closed 20 RIMM June 50 Puts @ $14.00 (bought @ $6.10) for a gain of $7.9 points.
I will look to re-short (RIMM) on any bounce towards 48-50 resistance area (50 DMA).
Race To Zero Continues…
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So we are back to the old game of ‘Race to Zero’…
Before it was a race between Bear Stearns and Lehman Brothers which are now long gone and now we continue the game with Bank of America (BAC) and Citigroup (C). It’s about time to place your bets. My bet, they both win (or ‘lose’) [...]
Stock Trade Update: Short First Solar (FSLR)
First Solar (FSLR) broke down below 50 DMA on increasing volume and is bouncing back towards the resistance. So no harm in testing a starter short position ahead of it earnings report on Tuesday. I think the bulls are tired of forcing it above the current base and finally bears are taking over from here. [...]
