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Time to short more RIMM?

By Brett Goldstein on Mar 09, 2007

RIMM is looking week. I am taking a short position in this stock. I shall talk more about this later.

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This entry was posted on Friday, March 9th, 2007 at 8:07 am and is filed under Stock Charts. You can skip to the end and leave a response. Pinging is currently not allowed.


2 Responses to “Time to short more RIMM?”


By C L on March 10th, 2007 at 1:46 am

Hi, do you have a short target for RIMM? Just shorting for next week?

By Brett on March 11th, 2007 at 8:54 pm

Hey C, I can see RIMM going down to 125. What I have been doing lately was buying and selling puts for RIMM and ICE everyday to hedge my portfolio. As you know, ICE has been a big mover, so every time the stocks rises I buy puts. And when it comes down I sell them, usually way to early but a profit is a profit. So if the market turns sour then I`ll make money. If the market takes off, I will loose the money in the put but will make money in my new long positions.

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