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  • tech_stock_technician tech_stock_technician Nov 22, 2012 5:19 PM Flag

    double top at 12

    Okay, at least you're willing to disclose your position, so I'm willing to admit I was incorrect. I thought from your posts that you were negative the stock and had a short position. I hope you're right because I would like to buy more January calls if it drops to 11 and hopefully as low as $10 and change, but I think the shorts will panic and cover.

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    • I think many shorts must be concerned if not panicky, by now. The squeeze is definitely one, now.
      The volume on the TSX is not all coming from Canada and many of the short positions are being covered today, were certainly coming in from the US.
      They'll be sitting down to turkey shortly, saying "thank goodness" never mind "Thanksgiving". ;)

      Sentiment: Hold

    • ok- fair enough - seriously what iare your thoughts on tomorrow price action as a result of usa mkt closed today. normally would say 99% it will fall but with blackfriday and likely lighter trading day than normal in usa, price may stick or not fall as much as it normally would. that said and longer term as in next week, i believe it will fall back to low mid 10s

    • RIM is a momentum stock, the behaviour is pretty much like apple. When it starts to pop, it doesn't stop easily, I believe it'll touch 14 next week

      Sentiment: Strong Buy

6.67-0.33(-4.71%)Jun 24 4:00 PMEDT