Market rally got some strength yesterday as all Indices moved up with stronger volume then we have seen last couple of days, and right after the FOMC minutes were out. Test of resistances overhead is imminent.
Frustrating but real life situation here ... our outage in Telephone and Internet is ongoing. Amazing how irresponsible and inefficient service providers are in technologically advanced market place.
We are pleased to open and close another trade in our darling security RIMM which exploded to the upside this morning on Black Berry guidance news.
2008 Project M .. TRADE # 17: RIMM
Feb 15, 2008 RIMM Buy Mar 103.375 Call $ 2.210 .. 3 Contracts
Feb 21, 2008 RIMM Sell Mar 103.375 Call $ 9.283 .. 3 Contracts
Time: 6 Days
Return: Drum Rollllll pls ..... 419.90 % or $2121.00
Account Value: $ 9,373.00
Without Telephone and Internet services, we are really handicapped but this has been an amzing gift for the loss and waste of time otherwise. With this, Rimmm has reached our upside target price and should consolidate or drop down from here a bit. We will watch and pray for services to be restored.
Other trades in AAPL and $OEX are also being watched closely.
Good day ahead.
Harry
