Tuesday, January 17, 2012

RIMM Keeps on Going

Last Friday I closed my RIMM long calls at a decent profit expecting a short term pullback.... left some on the table. For those of you holding...

 What was missing Friday was a follow though day after the breakout, today we are getting that on increased volume and a 7.4% gain.

 The short term chart is why I expected a pullback, however as mentioned, if I had not been holding calls and shares instead, I probably would have held.

 The RIMM 5 min chart is back on track and confirming.

 So is the 15 min

I think finally RIMM can squeeze in to the 60 min trend channel, this is what I would use for longer term positions with a stop around $16.20

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