Rimm $ 80

I see RIMM dropping to those levels as well, stock is a bit overvalued.

Also looking at tech plays,

IF AAPL doesnt present anything great at the CES I think shares could easily fall to 150 again.
 
Looking to get in around $95 - $96.

If not today....should be there by tomorrow.


Looking at BRCD too.
 
Quote from dr. fill:

Any partcular reason? The chart looks awful.
More...

I don't know if awful is the right word. CFC looks awful. RIMM looks like it's in the middle of a bull run. (Weekly, of course).

97 is a very likely looking entry for a pop.
 
Quote from traderNik:

I don't know if awful is the right word. CFC looks awful. RIMM looks like it's in the middle of a bull run. (Weekly, of course).

97 is a very likely looking entry for a pop.
More...

Maybe the action today is general tech malaise + an overreaction to the huge gap on the 21st. This stock is above average in terms of specialist and insider manipulation but there's no fundamental problem except a possible recession.

Daily chart from early November to yesterday looks like a consolidation that's broken out on the downside, but hey - TA is so unreliable these days; so many things morph into something contrary.

Great stock if you have a feel for it. Turns on a dime. 97 has to be a good gamble if the Nasdaq's OK.

Just MO. Good trading.
 
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