The web site you refered to has many general technical indicators that by the text book say this is in the buy mode. What the web site does not go into is the fact that looking closely at any of these technical indicators shows the stock is way over bought. When ever the daily price gets too far away from a longer term moving average it will tend to move back toward that moving average. (Stock price going up toward a higher moving average and down toward a lower moving average)
Nothing goes straight up or straight down. Even if RIMM goes to $120 in the next few days, it will eventually settle back down and at least test a longer term moving average.
In the last few days I have been selling short to build a position with an average of about $103.50. Even if I settle for paper losses for the next few days, I believe we will see $100 long before we see $120.
Is $95 possible?? You bet!!! I believe in the next few days we will start back down and at least see $100, and more likely see $90 in the next couple of weeks.
when all signs point to buy, and the issue is bot.... Isnt that the best time to Sell. Annalyst change their views and indicators will change direction after the fact. Weather it was at 104, 109 or to be 113.. RIMM will turn and go into the low 90's.. I dont think anyone really questions this. It has to fill the gap.>> It went from 60's to 100's and forgot the 90's/... How could you forget the 90's. The Cleveland Indians had a great baseball team.. Just cause they didn't win it all doesnt mean we should forget about it.