As we discussed in our initial emails on RIMM and V, these are short-sale ideas for implementation in synchrony with a general market downturn. With the general market not turning to the downside here, these were in fact never actionable. In any case, we note that RIMM appears to be breaking out of this little range its been in along the 50 price area and the 65-day moving average on volume that appears primed to qualify as a pocket pivot volume signature, interestingly enough. You certainly don't want to be shorting this, but any bottom-fishers might look at this as a buying opportunity, using the 50 price level as a stop. Just a thought...
SSS - RIMM and V
|Published:||25 Oct 2010 20:14 ET|
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