Comments on: RIMM As a Short Candidate? You Decide http://www.stocktradingtogo.com/2007/12/19/rimm-as-a-short-candidate-you-decide/ Investing Online Made Easy Fri, 20 Nov 2009 09:55:02 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: RIMM Followup, Earnings Help Stock Surge - Stock Trading To Go http://www.stocktradingtogo.com/2007/12/19/rimm-as-a-short-candidate-you-decide/comment-page-1/#comment-36319 RIMM Followup, Earnings Help Stock Surge - Stock Trading To Go Thu, 20 Dec 2007 21:23:25 +0000 http://www.stocktradingtogo.com/2007/12/19/rimm-as-a-short-candidate-you-decide/#comment-36319 [...] all day today so I apologize for the lack of afternoon postings today. Yesterday I posted that RIMM could be a short pick in the coming months depending on how it played with $100 support and a few resistance points. [...] [...] all day today so I apologize for the lack of afternoon postings today. Yesterday I posted that RIMM could be a short pick in the coming months depending on how it played with $100 support and a few resistance points. [...]

]]> By: Chris http://www.stocktradingtogo.com/2007/12/19/rimm-as-a-short-candidate-you-decide/comment-page-1/#comment-36285 Chris Thu, 20 Dec 2007 02:08:01 +0000 http://www.stocktradingtogo.com/2007/12/19/rimm-as-a-short-candidate-you-decide/#comment-36285 Like you said, give it time because it hasn't traded below the 200-d m.a. in more than a year and the 10-week m.a. is still above the 30-week. I never short a stock (longer term outlook) above the 200-d m.a. or with the 10-week above the 30-week. Like you said, give it time because it hasn’t traded below the 200-d m.a. in more than a year and the 10-week m.a. is still above the 30-week. I never short a stock (longer term outlook) above the 200-d m.a. or with the 10-week above the 30-week.

]]> By: Bryan http://www.stocktradingtogo.com/2007/12/19/rimm-as-a-short-candidate-you-decide/comment-page-1/#comment-36275 Bryan Wed, 19 Dec 2007 23:47:42 +0000 http://www.stocktradingtogo.com/2007/12/19/rimm-as-a-short-candidate-you-decide/#comment-36275 Shorting RIMM the day before earnings, especially with positive news out from ORCL and Nike, seems disastrous to me. Mackey on Fast Money was talking about it today. Yes the chart looks bearish, but there's also a ton of support around $100 and the fundamentals have been so strong lately. The Curve hit T-Mobile in the Q3, right? I think the new Curve (8310 v 8300) was also intro'd Q3 to AT&T. The Pearl 2 is making it's rounds. I understand there's negative sentiment about enterprise upgrades in the coming year, but RIMM is really trying to push into international markets as well. The chart has been disappointing over the past couple months, but the fundamentals and outlook going forward seem to still favor a growth story for them. Disclosure: I do own a small long position in RIMM Shorting RIMM the day before earnings, especially with positive news out from ORCL and Nike, seems disastrous to me.

Mackey on Fast Money was talking about it today. Yes the chart looks bearish, but there’s also a ton of support around $100 and the fundamentals have been so strong lately. The Curve hit T-Mobile in the Q3, right? I think the new Curve (8310 v 8300) was also intro’d Q3 to AT&T. The Pearl 2 is making it’s rounds. I understand there’s negative sentiment about enterprise upgrades in the coming year, but RIMM is really trying to push into international markets as well.

The chart has been disappointing over the past couple months, but the fundamentals and outlook going forward seem to still favor a growth story for them.

Disclosure: I do own a small long position in RIMM

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