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1 point posted on 07/07/08

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Michael Parness:

+0.00%

RIMM - "ONE WAY" stocks

RIMM - THis one looks broken to me. While it could regain its footing, I think it should see under $100 within the next month or so. Obviously if the overall market squeezes then RIMM will as well. Watch last weeks low as a short entry. If it can bust below that level and not regain it quickly. THis is a GREAT trading market, we are really rocking with Options in this market because of the wild swings. RIMM remains a very nice trading stock that is one of my "ONE WAY" stocks that often trades up or down on the day and can be caught for some nice trades if timed right.

Michael "Waxie" Parness
I’m kinda new to Social Picks, send me a message, add me, ck my profile

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RIMM

Research in Motion Ltd

Comments (3)

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allstarinvestor

85%

1 point commented 518 days ago reply

RIMM reported awesome numbers on their last earnings report and the stock tanked, thats what happens where there are so few companies still producing in the market environment and so much capital chasing after them. Its still a good stock, it has just got caught in a downswing with the rest of the market.

traderdrew

51%

1 point commented 513 days ago reply

This is not a one way stock it will go back and forth interim but long term there is only one direction for this stock and that is up. Even in a bad market it isnt worth wasting your time trying to short this baby

tiffanyjewelryonline.

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Research in Motion Ltd (RIMM)

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