Monday, December 18, 2006

RIMM call option trade

This trade in RIMM options was from last week. Should have sold sooner - as soon as RIMM broke below the 10 candle EMA line. This victory would have felt much better if it weren't for the botched up BIDU options trade.

Note that the sell volume into Friday's close did not follow through today - this adds to the argument that RIMM is in a strong short term uptrend. However, we now have stacked gaps - two unfilled gap ups in a row, never a good sign.

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