Long RIMM (stop right below $49)
Short PALM
PALM finally broke down, and I’m looking for a continued move lower.
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Joined Jan 27, 2008
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Rage
I think you should cover your palm right here at $6.70. I can see the dips coming in and buying.
Just my 2 cents.
Id also short RIMM right here at $51.94 and cover at the end of the day. This pulls back right here but doesnt brerak support.
What’s up with the volume today?
RIMM looking good right now, I guess yesterday was a bit of a bargain at $49.
saw this story out today, not sure if it was already common knowledge or not (the sales I mean):
” ..but RIM insists Vodafone sold a BlackBerry Storm smartphone every 13 seconds in the UK during the first weekend of sales and said it continues to sell very well, despite bad reviews.”
http://www.telegraph.co.uk/finance/4349453/Jim-Balsillie-RIMs-storm-trooper-with-a-global-message-to-share.html
Tomorrow is the Fed meeting.
Market in BTFO territory.
Here we go guys, hope you got a few longs.
RIMM to $60
GME & S look good from the watchlist
wow, RIMM killing it. Couple of holy grails in there today and wants $54 bad.
GOOG will prob. be home free if it closes above $330 today, which it sure looks like it wants to as well.
AAPL lagging, blh, and WYE not as strong as i thought it would be with that citi thang out last night.
Apple’s relative underperformance might have something to do with their main man going in for surgery today. Of course it’s all unconfirmed by Apple or Stanford hospital, but you know how it goes with rumours (plus, why else would he be in the hospital!?).
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I now hate RIMM even more.
Nice pair trade. You win again!
I regret not jumping back into RIMM earlier today.
don’t regret, jump in with a break above $54.
Nice trade RC on Palm and Rimm
Congrats!!
my gut is telling me the market will turn red into closing.
I guess I should go for my bi-annual gastric checkup.
excellent day all around, especially in tech land.. GOOG looking real good, wish I was in it. Happy with RIMM.
And even WYNN took a beating.
RC can you PPT coca cola (KO) for me if you get a sec?
Technical Breakdown
Accumulation/Dist. [?] 5
Price Performance [?] 1
Relative Strength [?] 2
Volatility [?] 1
Volume [?] 3
Overall Technical Score [?] 2.28
Fundamental Breakdown
Debt/Equity [?] 5
PEG Ratio [?] 4
Price/Book [?] 2
Price/Sales [?] 3
Profit Margin [?] 4
Overall Fund. Score [?] 4.03
Hybrid Score
Hybrid Score [?] 3.01 (Buy Rating)