Monday, August 24, 2009

Remember Research In Motion /oil/Natty

After getting long near 70 as we approach we are angling for puts to protect the 80 puts are still a little pricey at 5 bucks aprrox they got as low as 4 I am hoping for 2 a push to 80 would get me my goal and pay for the puts intrinsically. We may have more upside but just like when we exercised out of our grand slam we have to call this latest Rimm buy just a home run
10 puts on the 80 line and we could add to the position on a dip we would love to see 80
Rimm looks tired here/

Oil everyone technicians to fundamental guys all believe if oil cracks 75 there is nothing stopping a trip to 80-When the consensus is so convinced they have it wrong it will most likely do something unexpected We are more likely to remain range bound watch tyhe inventories we get a bad report and back to 66 so fast your head will spin the macro data does not support that event as of now

Natty -Either Natty is too cheap or Oil is too expensive because heating oil which also
We are close if you bought 2 qg contacts at 2.74 at 2.9 you are up 800 so sell 1 at 2.9
take some kind of profit buy again on dip or if it breaks out you can load up we do not have breakout of the down channel confirmation yet