Friday, September 25, 2009

Research in Motion (RIMM) - Short-term Short Opportunity

Good short entry at around $70-71 if stock retraces on Monday.  Cover shorts if prices break through 73.50.  When a stock gaps down hard like this on extreme volume, we will generally see a continued short term downtrend.  Good support at $63-$65 area - good area to cover if support holds and go long.


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