Replies to post #54117 on Options Wonderland

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RIMM March/April/May/June/July PUTS!!

LoL...I think RIMM is in some trouble...can't even remain green with the Dow up 80 points....Flirting with the 200MA @ $69.89...Already broke below it in the am ($69.4 lod) but fought back to hit a hod of $70.44....back down slightly below $70 right now, last $69.92



Here is an article on Re-Shorts in Motion (it's from 2/25/10):

LINK

The chart of RIMM shows a bearish formation with this multi month rising wedges. Every rally is met with huge selling pressure. I expect RIMM to break that wedge on the downside with a measured target of $50 within 3 months.