Aggressive players should back off of RIMM here, looking to see how the stock acts at the 200-dma. If the general market does not break then the 200-dma is a logical point from which an intra-day bounce could occur. Again, if one was short a "sane" position of say 20% or less, one can give it more room. But Gil would tend to cover here and hang out given his uber-aggressive style on the short side. He is happy to report that he has paid for his breakfast this morning... ;-)
SSS - RIMM still clinging to 200-dma
|Published:||20 Dec 2010 17:06 ET|
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