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The last few years have been great to me, as i was able to clobber the S&P500 many times in returns. But of course, you can't make a living trading the markets if you don't make great great returns. I'll try to give my readers trades that i think will make them money. However, you need to have money management skills, in order not to lose everything on a greedy or stupid trade. I may or may not already be in the trades i recommend. I may or may not trade the stocks i recommend. Due diligence is required on your part and the usual disclaimer that i am not responsible for your losses always apply. I have no affiliations with any broker/dealer and all posts are for educational purposes only. Remember to 'refresh' the home page and the "Comments" pages frequently in order to receive updated posts. Let's rock!

Monday, September 11, 2006

Bought some RMBS this morning.

This stock is slowly moving up. I believe it will see the 200day Moving Average around $25-26 . So that's where it's going.

RMBS is now trading at $17.25 .


2 Comments:

Blogger beanie11111 said...

I'm hearing that Jim Cramer is now saying technology stocks are done, meaning they're headed down.


Be careful.

Mon Sep 11, 10:42:00 AM EDT  
Blogger beanie11111 said...

If you're interested in options, buy the October 20 calls and wait it out. If you have them profits, it's never a bad idea to take 1/2 off at a double and ride the rest.

Again, please play small on options. Say you got $10,000 in your portfolio, please use no more than $500 per option position.

Mon Sep 11, 10:06:00 PM EDT  

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