Michael Comeau

Big Money Managers Should Hold Some Responsibility for Bank Failures

Fund managers absolutely fail to hold management accountable for performance. They don't like to tick off their golf buddies. How else do people like Ed Zander keep their jobs?

I spoke a little about this issue here:

www.geithnerwatch.com/...

Wednesday Options Review: Signs of Unusual Activity

Funny, I got hits on my blog regarding AB takeover rumors.

www.longshorttrader.co...

Research in Motion Outlook a Coin Toss - Citi

The best way to play RIMM from the long side might be to short puts. According to my handy dandy thinkorswim screen, you can sell the October $40's for ~$1.30. If the stock goes down I wouldn't mind being long RIMM at $38.70, and if it stays above $40 you're getting a decent return for a crappy market. IV readings are sky high so in my opinion out of the money puts make a lot of sense right now.