08 November 2007

8-11-07 : RIMM setup still valid.

The option range last nite was from 11-14. THus buying around $12 is possible. Also, the price close at $12.40, thus a ready profit.

But 130 level base is not stable, and thus will see tonite's performance first.
Hopefully it will retrace to 130 level, then up again.

daily
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15min
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8-11-07 : GOOG is not safe yet for call

As BIDU retraced, GOOG retraced too, to $725 level.

I would rather wait for retracement all the way to $710 area. But if it rebound strongly from the inner trendline, then its valid for a call too.

daily
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15min
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8-11-07 : BIDU is going for retracement

As I said, BIDU needs a retracement. FC said its time to go in. I said its time for retracement. Guess I'm right this time.

$390 is a better pt to enter a call, not $410, which seems to be the resistance now.
But who knows? $390 outer trendline support may be broken too. We will see.

daily
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15min
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