Time will tell mr. rimm @8.00$,I just want you to be aware that this time last year rimm was starting it`s 2nd 100+ point run when every thing else was tanking,I wonder why,and I wonder why over 250 institutions believe in this company,and why palm and hand and mot., have been decimated and yet rimm still exhibits relative strength.This stock has defied the technicals over and over for the past two years but I guess you and the likes of jari have become to emotionally tied to this play to realuze that
I bought puts @ around 80 the first time to 30 for 250% gain. Saw the Palm Earnings so I ignored the Technicals & bought puts around 18-20. Last Wed wired money to Etrade & bought 20 June 30 Contracts that are up 45 today.
Overall I'm up around 175%. PS smart ass, I still have'nt sold those puts I bought when RIMM was 18 because RIMM is going down.
Did they break the downtrend? NO!!!!!!!!!! Is the Stochastic-Bearish Hell Yes