The PPT will help keep you out of a bad trade. Take a look at the historical data for RIMM, not one time did the system issue a buy. Sometimes the best trade is not making one.
(Click to enlarge)
If you enjoy the content at iBankCoin, please follow us on Twitter
I’m wondering if today will be a RIMM capitulation day. Given how much selling has occured in advance of the earnings warning, I wouldn’t be surpirsed to see a big pukeage at the open which will exhaust the sellers, maybe for the first hour, followed by a sharp reversal.
If we do get a reversal on big volume, I’m in.
Didn’t want to buy before 10:30, but volume was strong out of the gate. I’d guess we’ve seen the RIMM lows.
BOT first 1K RIMM @ $35.69. Will scale in higher.
How do i get to the PPT page?
Can some one send me a link?
BOT another 1K RIMM @ $37. I’m done.
If it prints $40 in the next couple of days, will sell Dec. $40 calls against it and collect about $3.50 to $4.00 in premium.
Well Played.
Thanks. You too. Market looks great here. Nothing more bullish than a rally on disgustingly horrible news.