RIMM should continue the up move after the gap up (made on 10/5) on strong volume. Only smart money can sustain a gap up on heavy volume. I wanna be on smart money side. The move up should continue on 10/8. Hope the shorting dude covered or reversed his position.
You were all scared..I added all the way up to the 130's, avg Price with full position 117.23 made over 16K on simple trade..
This is my style and works for me.. I have no losses in the past 1 1/2 years.. I am FLAT RIGHT NOW. everyone has their own style and personality.. you need to find a method that works for you.. i think I learned that at http://www.stockteacher.com great course. anyways I am off Greece for vacation.. back to trading in January. Best to all
That trade was awful. No way to justify letting a stock run 40% against your original short. You could do this right 10 times in a row, and the 11th time will wipe out your entire account.