Buying Swing: buying RIMM 50 and 52.50 Aug calls OVERSIZED a
Posted: Tue Aug 17, 2010 11:27 am
Buying Swing: buying RIMM 50 and 52.50 Aug calls OVERSIZED at .82-.84 and .19-.20 areas respectfully. Initial entry in a new bullish position in RIMM as on my formulas RIM is here on the verge of a significant intraday buy signal that has not yet cleared. RIMM is very oversold now technically though she deserved to fall but am now fully reversing my stance on RIMM despite todays downgrade. my target 51.70 multiday but if market is strong rim is one that tends to bounce even stronger. most likely the higher risk 52.50s will be but a dat trade.