RIMM short term play

[bearnbull]

RIMM is too solid of a company for the smart money to ignore at this price. I'm betting very green by Monday.

 

[romanvm]

Sold about an hour before the brake down. Was very tempting to hold longer though..

 

[Bytehoven]

Here is a shot of the 1st RIMM move down.

 

[frank grimes]

and people say everyone here is bearish? yikes now people start posting trades on these momo guys?

 

[Trader7793]

Bailed on my RIMM Nov calls today at 7.10. I wanted to play some ideas on oil related stocks, so I sold as soon as the market opened, so I got out prior to the sharp drop. If RIMM drops to 105 or below, is anyone buying?

 

[flyingiguana]

i could never go long a company that pushes its products through the system to make their numbers.

 

[faure]

Quote from faure:

What a weird day. Got long on the close (111.00) with a pretty wide stop 6 dollars lower at 105. It feels like a pretty risky trade so it should work out.

Also got long BIDU (which is being blamed by Reuters for the decline) on the close @ 308.80 with a stop at 301. People seem to have got into a mini frenzy about today's move....hmmm.

Got stopped out of the BIDU long the next day - near the lows. But still holding RIMM from 111 and now at 117. May as well move the stop to b/e. Doesn't take a genius to see it's likely to make new highs.

 

[brettdoyle]

I sold out at 115 like a chump unfortunately . But I'll be right back in on a pullback