Holy Smokes! RIMM

I've been on some contract work for the past week and for the next while so I don't have time to day-trade, but boy did RIMM ever pop today!

http://www.forbes.com/feeds/ap/2008/05/12/ap4999215.html

I'll probably still follow what's going on market-wise, but probably not much trading from me. I can't in good conscious do contractor work for someone AND day-trade at the same time. Just something wrong with that ... Anyhow, I am still bearish on the market, so all this upward momentum is a nice setup for a correction later on. Good luck everyone,

--Kevin

YHOO's Yang Loses 200+ Million After MSFT Walks Away ... So?

I enjoy reading these types of articles every now and then http://www.bloomberg.com/apps/news?pid=20601087&sid=aDAlJBgOPUKA&refer=home. Article says after MSFT walked away from their bid for YHOO Yang's share value went down 200+ million dollars ... right, but he still has $1.3 billion left! I am pretty sure loosing $200 million didn't ruin his day.

I hope for the sake of the actual employees who own options and 401(k)s at Yahoo Inc, that Yang is right. Good luck,

--Kevin

Microsoft Drops Bid for Yahoo

Looks like Microsoft is walking away from their bid for Yahoo! Watch for carnage Monday morning with the YHOO stock ... too bad this didn't happen a couple months earlier when I had those YHOO 22 puts.

http://www.msnbc.msn.com/id/24445554&GT1=43001

--Kevin

MSFT and YHOO: Coming Close to Making a Deal

I just read this off the front page of finance.yahoo.com, but I am little skeptical because it looks like someone's blog post:

http://finance.yahoo.com/tech-ticker/article/14407/CONFIRMED-Microsoft-Yahoo-in-Negotiations-Price-Up-'Several-Dollars'?tickers=msft,yhoo

--Kevin

Fed Decision Time

Was reading through this article http://biz.yahoo.com/ap/080430/wall_street.html, the Fed's should be making an announcement by 2:15 EDT, or 11:15 PT. No predictions on which way the market is going to move (useless to do that anyways) but I do feel like we're going to see major fluctuations. Good luck everyone,

--Kevin