Carlos Molina :: Swing Trading :: Trading stocks to make money in the market.

March 29th, 2010

RIM results focus to be on price, profit margin

(Reuters) – Research In Motion (RIMM) is expected to report this week it sold a whopping 11 million BlackBerries in its latest quarter, which may offset the impact of falling prices and narrower profit margins.

Posted in Quickies @|@, Watchlist
By Carlos Molina

February 25th, 2010

Buying some more RIMM March $70 Calls

Yesterday, I mentioned to you guys that if RIMM was to pullback I was going to get in the trade once again.
Well, the dip was IN this morning…. I opened some contracts on RIMM March $70 Calls @$1.94. So far the chart is showing that RIMM wants to go higher. The price target $90.00

Posted in Open&Close Positions
By Carlos Molina

February 24th, 2010

Closed my RIMM position, quick 43.50%

Like I thought, RIMM bounced back today well above the $70 level. That gave me a quick 43.50% return on my investment. Tomorrow in a pullback, I am getting IN. Why? 1. RIMM was upgraded this week, 2.they appear to have a strong momentum, 3. technicals are showing the stock can go as high as $80, based on markets conditions of course. and 4. RUMORS: Theres is some speculation that MSFT might put an offer in the table for RIMM. Let me know what you think….

Posted in Open&Close Positions
By Carlos Molina

February 23rd, 2010

Opening Position RIMM March $70 Calls

I opened a position in RIMM today, buying the March $70 Calls. The stock was down today along with the markets, that gave me an opportunity to look at the charts and wait for the break to the upside. Many analysts are giving their input on the company, and it looks promising. I bought the $70 March Calls at $1.88. Follow my portfolio by visiting my current positions.

Posted in Open&Close Positions
By Carlos Molina

February 8th, 2010

RIMM March$70 Options

This morning over 5,000 contracts traded hands calling for the stock to rally above the $70.00 level. The option is at $2.60Ask 2:30PM. I will keep you posted. Thanks Equitytrader!

Posted in Watchlist
By Carlos Molina