A swing trade in RIMM

[smartinvestor30]

I made a little profit shorting RIMM yesterday and closed it today. I look at this chart and see a buying opportunity to make a quick $100 profit for tomorrow or Thursday.

Look at this chart and let me know what you guys think:

<a href="http://smg.photobucket.com/albums/v731/SaM5246/?action=view&current=RIMM_Yr_D.jpg" target="_blank"><img src="http://img.photobucket.com/albums/v731/SaM5246/RIMM_Yr_D.jpg" border="0" alt="RIMM"></a>

BUY at $143.05 Limit
Stop-loss $138.73

I usually wait for a while bar to get in though.



*Use your own judgment before buying or selling any stock

[smartinvestor30]

http://img.photobucket.com/albums/v731/SaM5246/RIMM_Yr_D.jpg

[freakscene]

I've read people who repeatedly profit from RIMM when the RSI(2) dips below 25

Theyre pro's at it and watch for it.


looks like a good set up for a bounce tomorrow based on their criteria.

[smartinvestor30]

I've read people who repeatedly profit from RIMM when the RSI(2) dips below 25

Theyre pro's at it and watch for it.


looks like a good set up for a bounce tomorrow based on their criteria.


What would you do on this trade, wait for a white bar to confirm the uptrend or just buy now? It's a good little profit if I believed in it more I would go double shares in and make about $200 which is not bad for 2 days work.

[freakscene]

Personally, its not my type of trade, but if you want some more confirmation, Avery (TRO) will be buying at open, I'm pretty sure.

http://forums.stockfetcher.com/sfforums/?q=view&tid=37687&start=50

not sure what page i linked you too in this thread, but you can find it......

[wallstreetsedge]

i think rimm ends up beating earnings... spikes 12%+ and then sells off for a couple of days then heads back up

[sjzeno]

if RIMM beats earnings how do you think AAPL will react?

[wallstreetsedge]

i think aapl can have its short term run but will fall down to 145ish

[Jason28]

I have RIMM stock as well (in fact it is the reason why I decided to enter the stock market for the first time). Ironically on my first trade it was gaining and now I am getting nervous as it continues to fall.

[SovietRussia]

i think aapl can have its short term run but will fall down to 145ish
you think aapl will fall to 145ish when? i dont think rimm's earnings will affect aapl much...since everyone knows that the iphone hasnt broken into enterprise very much yet. but i dont see why aapl would fall to 145 when they are launching the 3g iphone in like 15 days.

:turtle:????

[Horsefish]

Yikes! Rimm is crashing in after hours after doubling earnings but giving poor guidence.

The ancient Turks had a saying: He who always tells the truth, gets run out of nine villages.

That is what is happening here. Wallstreet said it above but didn't forsee the guidence issue. If it trades down to 120s tomorrow, it will be a screaming buy.

I believe that Rimm has taken a page from Apple's book and are under forcasting so that they can over perform later. There isn't anyone who is going to replace the blackberry in the business market soon.

[john_for_u80]

It was a buy when it fell around 128 area!