I happened to catch Jim Cramer and Jeff Tomasulo from SMB Capital on CNBC today. Both were asked the question of whether Citigroup was a buy today at $3.15.
Cramer is typically a lightening rod in more among pro and pro-am traders. Traders love to poke fun at his erroneous predictions. His trading strategies demonstrated on [...]
RIMM is highly followed and I had a reader ask me about it in an email. I mentioned a few weeks back about trading it after the big drop when it reported earnings. It is now sitting at an expected support level at about $61.
The fib line makes the support level clear. You can [...]
Before I attack equities, I’ll be looking at bonds and currency. I think it is always good practice as an equity trader to be aware of the much larger bond and currency markets even if you don’t trade them.
BOND FUNDS
I’ve been mentioning LQD for a long time and its ascent finally blew up last week. [...]
In terms of the big picture, today was a non-event even with the almost 2% move on SPY. We’re still below the “Lehman gap.” I’m still following my plan from last night.
I did add RIMM and DV as long positions today.
I added a position in RIMM at $66.7. I actually had a limit order set [...]
