Tuesday, April 1, 2008

Trades: April 1, 2008

Added to my RIM position today, although did it in a very stupid way. After hours is probably not a good way to buy in additional position if a stock is going up, I really should've bought early this morning or yesterday. But tomorrow will be earnings announcement, and we'll have to see just how well RIM does. I think it'll be the forward looking statement that could perhaps be the most dangerous area for RIM. So, I may end up selling half the position tomorrow if things move up sufficiently in the morning for some type of profit.

The downside is that Visa took a big drop today, definitely not a promising sign, may be I should sell it tomorrow before it goes down further. Given the day the stock market has had, I wouldn't be surprised if we moved down from here tomorrow.

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