Turns out this blog has been causing more harm than good, so I've decided to shut it down indefinitely. Now I understand why hedge fund professionals are (and should be) so secretive about what goes on behind their doors.
Monday, November 24, 2008
"Say goodnight, to the bad guy ..."
Turns out this blog has been causing more harm than good, so I've decided to shut it down indefinitely. Now I understand why hedge fund professionals are (and should be) so secretive about what goes on behind their doors.
Posted by Kevin Lam (Impacta LLC) at 3:32 PM 0 comments Links to this post
Labels: Discussions
Monday, November 3, 2008
RIMM: Buy, Sell
At one point in the morning RIMM was up over 5% and I felt that this was unwarranted and was just carry over from last week's momentum. I did this even contra to the VIX ... oh well back to square one and exactly at zero profit on the profit tracker.
Buy to Open: 10 puts Nov RIMM 50 at 2.89
Stop Loss: 10 puts Nov RIMM 50 at 2.68 (executed)
Gain: -$210
--Kevin
Posted by Kevin Lam (Impacta LLC) at 11:47 AM 0 comments Links to this post
Labels: Investing Journal - Kevin Lam
Jim Rodgers on Economic Bailout Plan
Humble, knowledgeable and straight to the point -- great video on Jim Rodger's (hedge fund manager's) perspective on the current economy and the bail out plan:
http://www.bloomberg.com/avp/avp.htm?N=av&T=Jim%20Rogers%20Says%20Markets%20May%20Go%20%60A%20Lot%20Further%20Down%27&clipSRC=mms://media2.bloomberg.com/cache/vCM4wglCjinI.asf#
--Kevin
Posted by Kevin Lam (Impacta LLC) at 10:22 AM 0 comments Links to this post
Labels: Discussions
Wednesday, October 29, 2008
RIMM: Buy, Sell ... Calls!?!?!
It's been a while since I've touched calls, but with the VIX dropping like a rock earlier this morning I couldn't resist. I picked up some RIMM calls and tossed them back as I was watching the Dow and VIX. My original target was to ride the momentum to $2.20, however the DJI was loosing intraday gains and VIX was gaining momentum. As I am writing this right now, those calls are at $2.17 right now, so you can argue I sold too soon but given that RIMM has no catalyst itself (today) to fight off 2 800 pound macro indicators, not to mention we're waiting for an announcement from the Federal Reserve (~ 1600 pounds) ... all I have to say is beggars can't be choosers, I'll take my 5% and live to play another day.
Buy: 10 calls of RIMM Nov 55 at $2.01
Sell to Close: 10 calls of RIMM Nov 55 at $2.11
Gain: $100
--Kevin
Posted by Kevin Lam (Impacta LLC) at 11:10 AM 0 comments Links to this post
Labels: Investing Journal - Kevin Lam
Tuesday, October 28, 2008
Dow jumps almost 900 points
http://articles.moneycentral.msn.com/Investing/Dispatch/market-dispatches-102808.aspx?GT1=33009
I was in a meeting all morning and into the afternoon (even missed lunch) and missed the pop. Not that I would have been in the market (I am still a big fan of puts for right now), but this is great because it has created all sorts of cheap entry points for puts. We'll see what happens tomorrow.
--Kevin
Posted by Kevin Lam (Impacta LLC) at 4:16 PM 0 comments Links to this post
Labels: Discussions
