Earlier I said I opened the RIMM trade while it traded around 179 or so. Actually the stock traded around 62.5. (not enough coffee yet)
Most of today's trades are around 20% below the current stock price. With a little over 2.5 weeks to go I feel pretty good. The closing of my LVS position and the associated CC's was probably premature but I didn't like the direction the stock was taking and as you have probably seen with some of my trades, if not comfortable with a position I don't hesitate to make a move. My thinking is you can't be the deer in the headlights.. Make a decision..The decision might be to do nothing and that is valid. I advise traders to not get 'stuck'. Oh-oh should i sell.. or keep or do nothing etc. The pressure builds and 'STUCK' builds. One of my ways of looking at a position when worried is "Would I open this position at this point?" If the answer is NO-WAY! To me that is a good time to close it now. I don't waver of waffle, I close it.
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