What can we say about Jeff - He knows how to pick 'em. And he's a royal douchebag.
PUTS on AAPL PRE-EARNINGS! 'nuf said.
I think his exact quote was something like, "The whole i-pod, i-phone thing is just a phase - like Atari."
We don't know the full scope of the devastation, but we think the magnitude was in the neighborhood of an 8.5. Stronger than 3 mile island but a little less than Chernobyl.
We may be wrong though because we did find this in Craigslist - http://atlanta.craigslist.org/ele/1284164827.html
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Another nice exit by Wade.
WADE BOUGHT - 8 BTU $32 (Aug) PUTS for $2.00 when the market opened. Sold at the same price.
Chart looked bad, earnings down 66% and got downgraded to 'eh' today.
Held the mother all day long. Talked to Tait about 3:00. "Go ahead and get out. It's found a nice base where it's at."
Click. Literally - I don't mean f'in figuratively, I mean tick-tick-tick-tick-tick five seconds later that thing dropped .50 as if someone saw me enter the trade and flushed the toilet. Unbelievable. LIke I said in an earlier post, happens almost everyday here.
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ON A SERIOUS NOTE
Javelin Pharmaceuticals (JAV) is tearing it up the last five days.
3 drugs in Phase III trials.
One just passed its final safety study and is a slam dunk for approval.
One already being marketed in UK and Europe.
One awaiting JAV to release final blind study test results which they've already gotten back from the FDA. (News probably coming in the next day or two because of the gap up)
It's only trading at $1.75
We're don't recommend stocks here because we don't want people coming after us when they lose their life savings, BUT it is definitely worth taking a look.
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SPECIAL ALERT - Tait is trading Wade's account tomorrow. Will have a special update if I don't have to sell my computer to cover his losses.
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DOUCHE OF THE DAY - AAPL
PUNCH IN THE FACE OF THE DAY - Tait in advance for tomorrow.
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