Rimm

Let's all remember IPIX !!
Or has everyone forgotten ?

 

I got in originally at 64 with a covered call strategy. Since then, I averaged down at 58 and sold more covered calls (NOV 70s). I will continue to hold and reduce average price. Paired this off with a Palm short at $16, since covered and I am now short MOT

 

OK, half of what I said has come true. Now we'll see if it runs out of gas.

 

2morrow market opens lower goes higher but makes lower high and goes down 1%

 

When the market zigzag, it trend up.

I don't know why, but this is a pretty strong stock.

I wonder how it would do in an up market.

PA

 

We are in an up market. I'm thinkng the general markets have another 3% to 5% to go before they begin to turn down...new highs be damned.

I feel like I killed Rimm's run because it dropped more than $1 after I washed my hands of it's ascent. It could make another run toward the $65 mark tomorrow (only), but then I think it will start moving down for a while.

Too specific? We'll see.

SM

 

If you want to know something about trading/investing in technology, do check out @dasan on Twitter or google him.

 

A visionary. A man among men..

 

RIMM's 2B Top Pattern with Price Targets

Regards,
Suri

 

Looks long.
Stop at 54.00