RIMM, the analysts were all over this stock in 2009 when it was $80, upgrading it, raising price targets well above $100 little did they know that a little over 2 years later this same stock would be trading at $15. It did have a wonderful run from sub $10 in 2003 to $148 in 2008. That was where the money was made and ultimately when the analysts get too giddy, that's usually the time to be moving on.

It goes the other way as well. When the crowd gets too bearish and expect RIMM to hit $5-7 a share.... well that's the time to be buying. Which is why I think this weeks high risk RIMM calls could be a very profitable trade. I see a chance that RIMM will post a 15-20% or more move to end this week. The safest bet is the $16 calls at $.47. The $17.50 are at $.16 and that strike is a good 15% gain away. The $16 strike is a little safer.

Lets see if the RIMM ANALysts get caught off guard. Either way I think the stock is in for a nice little squeeze higher.

I am updating some charts. Right now I am holding all puts: AXP, MS, JPM, IBM and was looking for MA, GOOG, LVS, WYNN, GMCR as the market was closing but didnt pull the trigger. Perhaps Monday will provide a better opportunity.

This same time last week the market was in meltdown mode. Those red lights were flashing, the sirens were blasting, and the emergency personnel were donning their white chemical suites. It's amazing what 5 days of centrally planned manipulation will do for the sentiment of the market. This is just another act of can kicking. Nothing has changed. No debt has been flushed down the toilet and the overall picture still reeks. Mind you I was along for the ride this week. I am a bear, and think we the world economy is doomed, but no sense letting a fabulously coordinated ramp job leave me empty handed. I noted early in the week that I was a holder of numerous calls including the CAT $95 at $.32 they went to $3.20, the JPM $30 at $.22 they went to $3.15, and the SPY $121 at $.75 they ultimately went over $4. I bought these positions based on a chart formation that I nailed with perfection. (http://investorshub.advfn.com/boards/read_msg.aspx?message_id=69452621&txt2find=jpm) It was a picture perfect week and these wild swings provide tremendous trading opportunities. While I closed out many of my positions for only 4-5X times my investment, and watched them continue to soar, I still had a fabulous week and I am very happy locking in my gains.

In this centrally planned market there is no telling when fresh taxpayer cash will hit the futures market to artificially ramp stocks, or negative news will hit the wires. You have to be nimble.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=69401113&txt2find=jpm

Some of my my charts and commentary:

On AXP: https://www.optionmillionaires.com/forums/premium-option-trading-forum/axp/#p38

On CAT: https://www.optionmillionaires.com/forums/premium-option-trading-forum/cat/#p39