Short Rimm!

Discussion in 'Professional Trading' started by AndrewL, Feb 11, 2009.

  1. AndrewL


    I should've shorted this puppy around $50.50 but I had decided to short Toll Brothers instead. When Toll Brothers started rallying I entered my RIMM positing at $49.50ish. What a perfect chart! The esignal community has been making a killing off RIMM both short and long. It was on the watch list yesterday and triggered today. Very obvious Elliot Wave 3 on the shorter time charts and massive wave 5 continuation breakdown on the daily. Since I'm a day trader I'll have to cover at the end of day but then I may buy some $30 March/April puts