Covered my short as it may run up to earnings on the 21st, nice little trade. Will be looking to buy some puts in the next few weeks.
JCI (johnson controls) another "potential" H/S won't be a legitimate H & S until it breaks the NL and re-tests (at least per classic T/A) note that from April to July it likewise formed a similar pattern >> and crashed after earnings achieving the (approx) measuring objective for said pattern by reaching the 60s. Will history repeat?
nice call bro i was worried when i read your post >> since i had sold some front ATM calls which i just knew could f-ck me but i thought there was a chance RIMM got pinned lower not higher; in hindsight i made a bad decision like f-cking up a wet dream. true, i was short puts and long back month but no need to sell the front so near to the money. IF I had not sold them... today would have been a much better day with RIMM; instead i have to take losses on some front calls and roll out > although i had a lot of puts sold. don't know what comes next here... might go higher !