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BlackBerry Limited Message Board

  • kranje_prespa kranje_prespa Oct 8, 2007 3:43 PM Flag

    Sold All RIMM and now going to buy

    puts on this stock.


    The run is over going forward. Why? you ask. The reason is simple. Not valuation, not Hype, etc. IT is because there is no real buying going on right now. If you notice that if there was any selling the stock goes down like a falling rock. Only kept up by some small buy oders. Has anyone notice that fact that its harder to keep the stock going on a big run in the morning???

    Just note the price action for the next few days and you will see this stock start its down trend.

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    • i would suggest put spread instead of outright put
      i don't agree rimm can be taken down easily this week. but next week maybe. there are still slews of buying orders..

      next week, we'll see where the majority holders want it to be. keep your eye on OI at various strike prices. we shall reconvene early next week...
      my guess is 120.

 
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