Friday, April 3, 2009

On The Road - Kernville, California in the Sierra + RIMM

As I strive to keep myself in the weather temperature range of 75 Degree Days and 40 Degree nights - I have arrived in Kernville, California - to the surprise of Research in Motion's (Blackberry) earnings that jacked up the price (+25%) - My Major "Call Holding" for the past month which is the amount of time I have been using the Blackberry Storm.  Assuming I do not do anything foolish - I have accumulated (in this gain) enough funds to make my next 6 months of living - "on the house" during these troubled times - although I was equipped to manage the costs - in any event.  This is a beautiful Town - beautiful Area - Classic Lake/River town in the Sierra Mountain Range.  The Temperature at arrival was 75 degrees and early this morning (5am) 40 Degrees( Elevation about 3,000ft)... So....all the "Bells" lined up on the slot machine. - More to come, Words, Pictures, gains and losses.

PS. For those of you who are Fibonacci Devotees, The RIMM price this morning hit the "high line" of Feb 09/09 at $60 and retracted slightly - I'm drawing an "inside Fib" between the top two lines and will close if no support at the 50% of the "inside lines."  Addendum: Needed to go out and play closed call position when price was 58.80 - stock was basing - so the remainder of todays action will not happen until maybe 2:30 - bird in the hand....

"Looking at large positive gap openings for RIMM regardless of the catalyst (earnings, news, etc) shows a similar trend to its typical pattern on positive earnings report days.  Today's gap opening (+25%) is likely to be the second strongest in the stock's history, and the eighth positive gap of more than 15%.  Following the prior seven 15%+ gaps, RIMM has averaged a gain of 4.9% from the open to close with positive returns 71% of the time."


Lake Isabella, adjacent to the Kern River


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Rock Climbers going acquatic 

1 comment:

TeeBee said...

Indeed a beautiful place...
Try fly fishing maybe...
It is also a major RedneckVille....;-)