im long some RIMM

Well it will only run as far as people are willing to let it run in the short term, and people seem to be itching for a pullback after this run. So its getting to be anybodys guess how much further it goes. But now there is rumors that the stimulus is coming together, sort of like what they said through the Auto bailout fiasco. So we'll just have to see how Monday shapes up. I got great gains so far, but I could sure use more. :D

This stock only has a 3% short interest so its not like a huge short squeeze is developing here. Everybodys long and only short on the momentums. When it goes down, it will just be profit takers that have had enough, and the 3% along for the ride.
 
Quote from stts:

And a little birdy told me that it will hit $873 by next month. Comon man, if you post stuff like that, then post the link. We want to know exactly what people are saying and discovering about this company. And we also want to know what their credentials are. Thats the point of these forums. To cut thru the crap and really know what is what so we dont loose money trading on unknown info.
More...

You wanted me to post a link? Found it!

http://economicease.com/images/adsfskgdsfinoeramgfkdslanegfskl.jpg
 
Ok, we are back in the races again. Bearish news about all these rescue plans didnt spark a big selloff after the run up, but if a small pullback, then Ill just buy more RIMM. The market overall may be experiancing a little of a suckers rally, as some call it, but RIMMs believers just seem to be growing, limiting the selling that occurs. We dont want to forget that it wasnt 6 years ago, RIMM was $150 just 6 months ago. And those spanked bottoms are still pretty red and want healing.

I figured out that SWKS had really good earning and went up over 30% as a result. They are a highly specialized chip maker making the radios for these smartphones, amoung other things. Crammer mentions them from time to time, but I sense he was not quite a believer, but more of a wait and see thing. I didn't like the way they handled their previous earnings call so I also was a "keep an eye on them" guy.

So after warning that things looked worse than what they previously mentioned on last quarters earnings call, I kinda let myself get distracted. Then they pull this up surprise. So there you go. If you keep your eye on somebody, you may have a front row seat to watch them take off without you.

Its clear, managements all over are being coy about any upside that is going on. Its hard for RIMM to hide it with all their suppliers and sellers reporting before them. So no news from RIMM is like really good news IMO. They are going to be tight lipped until they day they pop the lock on the gate and gush all the good news out at once.
 
I like RIMM too, and I remember watching CNBC with institutional investors coming on and saying how they loved it blah blah in their portfolios (around 135 i think.) HOWEVER... we all saw what happened during Sept-Dec. so I'm staying cautious.
I mean take a look at a 3 year chart, then pull up a 5 yr chart. IMO i dont see it getting back to where it was 6 months ago any time soon. Take gains when you got em.
 
Oh in this market environment, definitely take gains regularly. I leave a thousand in for the ride up, wherever it may go. But then I buy daily dips and sell them at daily highs. If I can spot an obvious short like I did Friday, Ill hedge my long with an equal short till the price drops abit. I covered that short today but when it went lower, I then bought even more. I am expecting tomorrow to be a further relief rally to sell todays buys. We are getting a ton of action here and it just keeps jacking my bank account up. And we have a whole month to go before earnings report. Some times its a little scary thinking about how much money I could make in just a few short weeks with this stock.

Now all I need is a 1-800 number and a book to sell...:D
 
Well, not a bad morning boys and girls. Right at the open bought more NOK at the lows and will wait for it to grow big and strong. Also sold yesterdays RIMM at the open for a tidey gain. But then it came down again, so I bought it back. Then it went up a little further this time and made some more. So there you go, keeping some in for the big run, but taking others for steady gains. All thanks to our good friend volatility. :D

Aww, poor DOW. already down 100 points. They should have made RIMM a part of the DOW. Too late now, RIMM could start its own exchange.
 
Comon traders, cut the guy a break. He's new and hes not very good with taxes. But he'll learn and things will get better. :D

Anyhoo, that was a fast drop all the sudden. I bought just 500 more when it close to bottom and sold it for a point. Bought 500 more now and we'll see how it goes. With the reaction to the news, I take the profits with smaller chunks because of the uncertainty. But daily profits are adding up to offset the decline of my 1000. But from what I see, this stock just goes back up as we work towards earnings from people that really know what they are doing.

Ever notice how the media has to make any news, even good news, sound bad?

"Stimulus bill could be beginning of the end". Turns out they are talking about the end of the economic crisis. Stupid head fake.
 
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