Seems like time to short RIMM.

Discussion in 'Stocks' started by whitetanman, Jul 2, 2007.

  1. Almost seems like a no brainer, at 210+.

    But I've often lost my brains. :)
  2. Why not short weak charts rather than strong charts like RIMM?
  3. KS96


    at $300 will look like a better short... why don't you have some patience? :D
  4. wrong side of the trade
  5. I see your point. Patience. Wait for the trend, don't forecast the trend. Good way to get hurt.

    Thank you.
  6. Nugget


    Way to strong right now. Yes any bit of bad news can send this stock back to $175, But I would never go against the trend in a case like rimm. Appl on the other hand could be a short..
  7. S2007S


    I cant believe how strong this stock is. Guess its going to a 1000.
  8. the don't call it a crackberry for nothing
  9. RL8093


    Unless you've got a really good history of stepping in front of speeding trains .... & surviving, I'd agree w/ part 2 of your post.

    I've got too many scars trying to pick tops in momo stocks w/ significant short interest. Let the shorts be your friend .... :D :D and price action tell you when to get short. No matter when you get short, don't expect a smooth ride .... (take a look at the old TASR chart for a sample of short-fueled rallies...).

  10. No way. Never go against a rally.
    #10     Jul 2, 2007