Rimm

[Mvic]

Covered my short as it may run up to earnings on the 21st, nice little trade. Will be looking to buy some puts in the next few weeks.

 

[eagle488]

Forming head and shoulders...First part of second shoulder forming now....

 

[Mvic]

That pop was a gift this morning.

 

[iceman1]

Quote from eagle488:

Forming head and shoulders...First part of second shoulder forming now....

what are you talking about?

 

[iceman1]

JCI (johnson controls)

another "potential" H/S

won't be a legitimate H & S until it breaks the NL and re-tests (at least per classic T/A)

note that from April to July it likewise formed a similar pattern >> and crashed after earnings achieving the (approx) measuring objective for said pattern by reaching the 60s. Will history repeat?

 

[makemyday]

thanx u Iceman,,,

KSS...... "potential" H&S

JCI..nice..

maybe FDX, also

 

[HolyGrail]

I think this is a nice swing trade up to 140 with a stop at 123.50

 

[Mvic]

Time to short some Rimm again.

 

[iceman1]

Quote from HolyGrail:

I think this is a nice swing trade up to 140 with a stop at 123.50

nice call bro

i was worried when i read your post >> since i had sold some front ATM calls which i just knew could f-ck me but i thought there was a chance RIMM got pinned lower not higher; in hindsight i made a bad decision like f-cking up a wet dream. true, i was short puts and long back month but no need to sell the front so near to the money. IF I had not sold them... today would have been a much better day with RIMM; instead i have to take losses on some front calls and roll out > although i had a lot of puts sold.

don't know what comes next here... might go higher !

 

[iceman1]

Quote from Mvic:

Time to short some Rimm again.

how do u know that?