about to concede here and close out puts.
small losses, big gains.
can't ignore the market refusing to crack @ 1400.
i'll re-load before earnings or when the RSI hits the stratosphere again.
rimtards win today (if you consider being *less* underwater a victory).
Let me explain how its happening. the shorts havd 105 mill shares due. They paid all types of bloggers & investment companies to downgrade rimm. they thought it would bring rimm to its knees but it withstood the attack............. This is the 5th day of short shares expiring.. Its a short squeeze now....may continue into friday
Sentiment: Strong Buy
We will be seeing some volatility coming back. Large Volume in Dec. 10 Puts and January 14 Calls tell us that we can expect some major price action over the next 6 weeks or so. Prepare for a bumpy ride.
"They paid all types of bloggers & investment companies to downgrade rimm."
No, RIMM is a terrible company that sucks and fails and it has seen its market share and stock price collapse as a result. It's not that hard, you're just very dumb.