PASSION of the STORM! ~ Research In Motion Limited (USA) (Public, NASDAQ:RIMM)

BOTD finds Jesus! 

The RIMM 50s. 

(RFYNJ)

$2.86 

+2.52 (+741.18%)

... was up 1000%+ *

*MUST TAKE SOME PROFITS* 

BOLDly STORMing the PEARL CURVE!?!  ... this trade is a great example of SHITTY money management.  Today was a gift from GOD.   We'd love to say this was all part of "a plan", but obviously it wasn't.   Sure, we are negative on the entire market and RIMM was up "too much, too quick", but how did we let these puts fall 70%+? ... don't ask.  take profits, don't let it happen again.  *still holding a few leftover RFYNJ, we've got another week til expiration! 

The PUTS of PASSION!

up another 41.13% 

... was up 80%+ *

*MUST TAKE SOME PROFITS*

XOM is a fatty.  And like a greedy glutton, BOTD still holding 1/2 our XOMNO.    *DOW 5000-6000*

"reach out and touch faith" 

 

NEW RULE:   "Trade Less, Make More."  ... treat cash as if it's your first born child.  this is not a game.  the market is becoming increasingly difficult ...  this will be RULE # -1

p.p.s.  fuck $MS.

WE GOT A DIP!!!! ....what did you buy?

RIMM had one of the SEXIEST quarters we've seen...stock jumped from $96 to $118 ...today we watched it tumble to $105 then back to $110 , then back to $108 ... now at $111.

why buy for $111 when you can leverage your bet with OPTIONS ...... buy RIMM under $9 bucks at the open!


BOTD RIMM OPTION play :

JAN 19, 2008 $ 125.000 CALL (RULAE : OPRA)
RULAE
8.90
-1.25 (-12.32%)

....the ask is at $8.85!

RIMM back to $116!

BOTD added at $111 ...we dug deep and bought more under $108...now back to $116...who's the man?

RIMM
116.14
+1.91 (+1.67%)

BOTD reco : http://www.buyonthedip.com/search?q=rimm

RIMM the RULAE!

RESEARCH IN MOTION LTD COM (RIMM: NASDAQ)

124.15
+10.77 (+9.50%)

NEW 52 week high $124.85

& our option pick RULAE!!!!!
13.90
+5.24 (+60.51%)

RIMM gets CHINA smartphone LOVE!

BOTD buying more RIMM options on the DIP!

our RIMM job is down ....buying more!

7.55
-1.90 (-20.11%)

RESEARCH IN MOTION LTD COM JAN 19, 2008 $ 125.000 CALL (RULAE : OPRA)

asking 7.55 ....BUYING IT NOW!!!!

DOUBLE upgrade for RIMM!

RIMM currently $125

RULAE at $15+
.
.
.
.
.
.
.

Upgrade #1 ~ Research In Motion Tgt Raised To US$150 From US$125 By UBS

Upgrade #2 ~ Research In Motion Tgt Raised To US$130 From US$115 At TD

ALL-IN on RIMM ~~~~> RULAE

ok, fuck it, we're all-in now!

RULAE! (our new favorite word...say it proud)

RIMM is free & can go back to new highs.

.....(p.s. also watching CBI, KFT, and SBS options)

BANK ON A BOUNCE! ~ FINANCIAL BULL 3X (Public, NYSE:FAS)

 Today was near PERFECT. 

FAZ finally broke $55!!!! (hit $64.99, was up 20%+) ... closed $59.  Did we sell? 

 nope.   Instead, BOTD added FAS on the DIP!  ($12.61) 

"Get Short, Stay Short" ... and trade the dips! 

The RIMM Feb 50s.

 *RFYBJ*

$3.90 +1.90 (+95.00%)

TARGET = RIMM $52+

... use common share targets to find "sell" points. 

  Example:  BAC broke $8 today, our near target, ... when it did, we sold our FEB 12.50s for BIG PROFITS! 

Boldly Storming the Pearl Curve! ~ Research In Motion Limited (USA) (Public, NASDAQ:RIMM)

with RIMM sho(r)ts! 

the FEB 50 puts. 

RFYNJ

$0.99

~ also SHORT the BANK of BILLY! ~

 *MSFT feb 18 puts @ .52 cents! 

LONG: REW under $75  *Honest Johnny*

The x-X hedge!  

FCX feb 30 calls 

$0.33 +o.o6 (+22.22%)

sold our X puts, but held the FCX calls ... hmmmm. 

"Calls of CONFIDENCE!" 

the "SHORT SOMETHING" list:  BA, KUB, PTR, PCLN, DF, NITE, BBY, BBBY, (might as well add BBBB, LOL)  ... looking to add RESTAURANT SHORTS!!  

top "short" pick:  PNRA $47.82 +1.98 (+4.32%)

Panera Bread (PNRA) loves wheat!! ... locking in its total 2009 wheat needs for a price of $9.50 a bushel, vs. prices earlier last year of $13 or $14. March wheat futures are trading around $5.66.  hmmmmm.

       "Hey Mr. Market .... feel like dancin' ?" 


p.s.  Stanley "crying baby" Morgan drinks $DF.  hatred.

Wednesday EARNINGS watchlist:  

before the open:  

  CLX, DWSN, DVN, KFT, PM, RL, R, SNA and NOV. 

after the close:  

AKAM, NLY, BBBB, DLB, EOG, EFX, HAIN, PRU, PHM, V, SUN, and .... the great TECH forecaster, Mr. CISCO himself ... John T. Chambers!  (*if johnny tells the truth, this tech rally is done)  ..... GO TEAM! 

BOTD "Pick Of The Year" .... PETROHAWK!!! (HK) ... NEW HIGH!

www.buyonthedip.com pick of the year!

PETROHAWK ENERGY
(HK: NYSE)
18.72
+0.56 (+3.08%)

our call option just cleared 100% gains!
PETROHAWK ENERGY CORP COM JAN 19, 2008 $ 15.000 CALL (HKAC : OPRA)
4.00 +0.30 (+8.11%)

THE DIPfolio had an amazing week .... Our ag plays paid HUGE with MON, POT having stellar weeks , and newly added BG climbing the soy bean stalk....even our funky CHINA picks rocked! (CAGC up 100%+) .... then BRAZIL, BRAZIL, BRAZIL ... SBS, CPL, and the big winners PBR & RIO! .... OIL is THE PLAY.... HK hit new highs all week, the shorts are toast...and our 'new oil plays' all charged higher NGS up 6%+, CGV up 4%, etc...EMC got a few upgrades jumped from 21 to 23 ... CROX is going higher, we can't wait to hear their INTERNATIONAL quarter of LOVE ... and we are happy we added RIMM .... go team!

The Expiration of BOTD ~ Research In Motion Limited (USA) (Public, NASDAQ:RIMM)

The DEC 40s.

ticker = RUPLH 

... more like RALPH, ... almost "blew chunks" watching that 10% pop dissipate.   Buy the AM dip!!!  

... it's time to bring back an old tradition,  the FRIDAY HAPPY FUN HOUSE!   

          

I wanna be Jackie Onassis
I wanna wear a pair of dark sunglasses
I wanna be Jackie O
Oh oh oh oh please don't die!
Yeah ya tryin' ta tire me, tire me
I can see you in front of me, front of me
Ya tryin' ta tire me, tire me
Why don't you get from in front of me?
Ruh!
We're already dead!
We're already dead!
We're already dead!

p.s.  anyone sick of RAGE yet? ... is FAZ over $55 yet? 

UPDATE:  Prestige Worldwide presents ... 

Puts of PASSION. ~ *SHORT* Exxon Mobil Corporation (Public, NYSE:XOM)

VOTE NO! 

XOMNO... FEB 75s

$1.41 +0.87 (+161.11%)

... XOM

 $76.14 -3.34 (-4.20%)

the DOW is XOM heavy.  DOW 5000-6000. 

the BuyOnTheDip XOM puts "twit out" yesterday, and again at 6am. 

 ** ticker-feed snapshot from StockTwits.com above. 

congrats to Soren & Howard. StockTwits is the real deal.   

p.s.  "i" still own BAC calls and GNW.  not sure why or how?  hedged in a circle.   "we" sat as our BAC "calls of confidence" went from 116%+ to -68%.  options are fun.  i had to hold. BOTD has a "chunky" long term SHORT portfolio.  you know the names. the SHORT SOMETHING list.  DF, PNRA (milk & food) , BBY, BBBY (retail) , KUB, BA (machinery/airplanes) *did you see X today, hmm, heard it's OFF the conviction sell list at Goldman, those confused convictioner/convictionors?!  PCLN, MSFT puts, RIMM puts (techish),  PTR & the XOM puts of passion! (china, oil & more), KMB (the economy & toilet paper, LOL.) .... NITE with some leftover MS "spread the board" puts .... fuck $MS and their "clean book."  ... the BOTD "play" is buy a bunch of "chunky" short positions and trade same-month-calls around those long-term-shorts.  GET SHORT, STAY SHORT.  DOW 5000-6000.  

LONG:  DXO (stop @ cost, $2.36) , DLB (the sound of hedgness?), VIP (the russian runs) ... the only sizable long is NOTHING! 

p.p.s. we also nib'd  some SMN early today.  up 12%, looose stop .... MON was bove $85, pfft.  MON is NOT an $80 stock ...  SMN also gets you "supposedly short" FCX, MON, NUE, DD, X, AA, APD, DOW, NEM etc. 

p.p.p.s.  watch COF. 

The BULL(ish) HEDGE!?! ~ *puts* CBOE VOLATILITY INDEX(Chicago Options: ^VIX)

ALL BUBBLES POP!?! 

 ... looking for a way to play the LONG side without buying stocks?  ... hmmmm.

52 week range: 

 15.82 - 89.53

the VIX ~ PUTS of CONFIDENCE!

Today we watched the VIX vs. the DOW 

... as the DOW kissed 7,700 (7693.98) , ... the VIX was complacent at best.  hmmm.   the LOST factor of FEAR! 

The VIX $41.25 - 3.28 (-7.37%)

The VIX "bullish bubble puts" ... VIXNH!!

$0.80 - 0.04 (-4.76%)

*BOTD added as the VIX turned RED @ .46 

 ... did you see the HUGE buzzer beater buy of the APRIL 30 PUTs??? (yesterday) ... *hat tip @coffeygrinds 

 

** the VIXpert is a must-read GIO/must-follow @thehawaiitrader

The 5 Day.

Buy On The Dip!

the FEB 40s ... expire next Wednesday the 18th, hmmm. 

... look to add some MARCH puts *roll-out! 

p.s.  who caught the $KO "pop" today? 

p.p.s.  still holding XOM puts o' passion & RIMM leftovers.  not sure why.  

The 2nd STORY WINDOW ~ Research In Motion Limited (USA)(Public, NASDAQ:RIMM)

QUARTER END. WINDOW DRESSING.

The "ring, ring" CALLS of CONFIDENCE!!

JUL 18 $ 75.000 CALL

(RFYGT: OPRA)

LONG @ 1.35 +0.35 (+35.00%)

RISK = 10% , REWARD = MORE.

p.s. take profits at the BUZZER!

Buy the BUZZER! ~ Research In Motion Limited (USA)(Public, NASDAQ:RIMM)

EARNINGS PLAY!!!!

.... option lovers try:

DEC 20, 2008

$ 40.000 CALL(RUPLH)

BOTD = Bank of the DAY!! ~ Bank of America Corporation (Public, NYSE:BAC)

BYOBW

0.63 +0.26 (+70.27)

Bring Your Own ... Bailout Week?

 Baby Wipes?  Bingo Wasps? 

EARLY today we added the BAC 7.50 calls 

WEEK of LOSERS:  MS, MS, MS ... MSFT, RIMM, REW, etc... hosed on the CISCO dip, took profits on our "calls of confidence" daaays toooo early, ... the list goes on. the week doesn't.  it's over. move on. game on. 

... cheers to Seizure & BIG MIKE, who caught the comment and jumped in at 5.50ish

 Weekend Homework: Re-reread POST #1 from 2009. 

p.s.  The BOTD 5000-6000 target still stands. 

  Have a STIMULATING Weekend. 

Swimming in Profits! ~ ENERGY BEAR 3X(Public, NYSE:ERY)

LONGERY pays!
41.34
+5.34 (+14.83%)

*take profits*

.... anyone want to play RIMM earnings?

Original BUY RECO from Yesterday!

NOV for NOVEMBER update .... OIL is $100! ~ National-Oilwell Varco, Inc. (NYSE:NOV)

The BOTD pick of NOVEMBER was NOV! .... remember way back then on NOV 1st ... when we added this BLACK BEAUTY of silky lovelyness! NOV $72.500 CALL (NOVKV) 2.50-1.00 (-28.57%)

..... just today = 6.90 +3.68 (+114.29%)

OIL + OPTIONS = BIG MONEY for the DIPfolio!

p.s....and hopefully you bought the BUNGE (BG) option reco (BGAB) the same day, another sexy dip chart! (options up 35%+)

p.s.s. OPTIONS ARE THE SHIT! sure we lost our ass on CORX calls .... but ... CSCO calls up 125% with earnings tomorrow after the close we will be taking 'some' profits tomorrow day, NOV up 135% in 4 days and OIL still needs to hit $100 tomorrow (**wink, wink**), JEC up 50% and going higher, BG up 35% for the 2nd time around, POT is still our favorite ticker, MON will hit new highs again soon (agriculture stocks are on fire: check out AG & AGU which we don't own)... our Brazilian babies RIO, PBR, CPL and the rest of our 1/2 of BRAZIL up 1000% = LOVE LOVE LOVE...how many times did we post BRAZIL, BRAZIL, BRAZIL? ... and ofcourse, last but not least.... RIMM the RULAE profits over 125%!!! (what we are trying to say is BUY OPTIONS ONLY & make more money when you are right!)

SYSTEM OF A DOW ~ "get SHORT, stay SHORT"

*SHORT* $GS pays (again)

GOLDMAN broke $80!!

the ROLL DOWN 75s. (GSOO) 

... took some profits under $80 using "top of book" awareness. 

DOW JONES: new low 6544.10

"get SHORT, stay SHORT"   DOW 5000-6000  

    ... 545 more points to level #1. 

BUY & HOLD is ALIVE! (too bad we over-trade) 

YEAR-to-DATE 2009:

$FAZ up 135%

$BGZ up 106%

$TZA up 133%

$SRS up 83%

... all priced at or near $100. 

            MARKET TOXICITY!! 

 "help garden this place, not destroy it."

LONGS:  RIO, INTC, BAC, IYR.* 

*had we been un-hedged during this drop, we may have retired ... yes, we're making good money, but also giving back 30%+ on most trades due to hedges.  $IYR calls, $VIX puts, WTF!!! ... With so much confidence in DOW 5000-6000,  it's annoyingly painful to look back at hedging losses & missed opportunities. $FAZ 47? pfft.  $X at $35 (now $17), $BA at $45 (now $30), $XOM in the 80's, $MSFT is a fatty (we actually lost money shorting billy last month due to expiration),  $RIMM at $55 (sold 10 points too soon), $RIG above $60 (twice), $AMR at $12 (now its at $2), $KUB at $35, $SRS at $48, $BGZ in the low 50s, $TZA low $40s ... we "had" them all.   

Un-Learned RULE #44  .... "right on the idea, wrong on the trade." 

.... i can't help but be frustrated with this one,  being correct and still losing money!?!! or taking profits waaaay tooo early!!?! ...  this can happen with macro economic views, options expiration, entry/exit points on common stock, pairs trades, over-trading, over-hedging, timing is a bitch!,  no one can hit the high bid on every trade.  we, as traders, hold ourselves accountable to an extreme.  Learning from your trades is one thing, but let's all try not to "shouldda, wouldda, couldda" ourselves to death.  this market is frustrating enough.  Look forward and find "your" next great trade.  and remember, ... 

..."what you focus on you find." 

p.p.s. the "spread the board" tactic helps minimize RULE #44 ... if you stick with it. the MAY 11s with BAC at $13?!? sold around $8. WTF. 

JEC to the RESCUE .... part 2 ~ Jacobs Engineering Group Inc. (Public, NYSE:JEC)

Jacobs Engineering Group Inc (JEC) reports EARNINGS! ..... quarterly profit rose 42.9 percent and estimated 2008 growth above its target of 15 percent.

JEC REPORTS 68 cents per share !!!

(Analysts on average were expecting earnings of 65 cents, with a high of 70)

Chief Financial Officer John Prosser said the outlook for 2008 should continue "to track above our target 15 percent average growth." Full-year 2008 earnings should be in the range $2.70 to $3.10 per share, he said. Analysts currently expect $2.85.

The BOTD option pick from SATURDAY opened the day at $6.00 (did you pick some up?)....then ended at $7...hmmmm..... what will tomorrow hold for our global engineer?...see you in the AM.

.

p.s. CSCO is LOVE....option pick up 60%...who's still holding?

.

p.s.s. RIMM the RULAE hit new 52-high today ...option pick "RULAE!" hit $19! (BOTD sold a few shares up 120%)