newborn

[New-born baby]

Hi New-born,

I bought RIMM earlier this week BEFORE MM posted his buy. I had hoped it was a good call because of that. Well, I'm holding from $217 on it. You are calling for $184 now. Do you see it going higher than my $217 after that? I'll probably buy more at $184 now too.

Thanks for the help.

I think RIMM hits MM's target PLUS much more over the next few months. RIMM is just going to touch $184 before it reaches MM's price target, imho. At least that is what the chart says.

Matt, if you own 100 shares, you can sell a call on your shares. Or even if you don't, you can buy a put. The option chain is rich here, and affords a great deal of protection.

[Matt]

Hi New-born,

I bought RIMM earlier this week BEFORE MM posted his buy. I had hoped it was a good call because of that. Well, I'm holding from $217 on it. You are calling for $184 now. Do you see it going higher than my $217 after that? I'll probably buy more at $184 now too.

Thanks for the help.

[New-born baby]

newborn,
Well, RIMM has broken support. Makes me think GOOG is a monster the way it's held up. What's a significant point to look for that is bullish with RIMM? Thanks

----------billyjoe

Don't forget GooG took it in the chops about two weeks ago when it gapped down about $30.

RIMM? $184. That's right: $184. It sure seems to me that some of the big boys read the MM write ups, and then short target his winners. In any case I would not enter before $184 right now. AND***AND***the chart will need to be reassessed in the next few days. It is possible that RIMM could turn ultra bear for awhile. Another consideration is that next Friday is options expiry. We could have two or three bear days next week, and a bull run to expiry.

SPIKE! SPIKE! WHERE ARE YA, MAN? YA WEARING THAT BULL SUIT STILL? Please post your market outlook for next week.

But Billy, again, the game is waiting for the perfect entry and snag it. RIMM has a very rich option chain if you miss the boat.

[billyjoe]

newborn,
Well, RIMM has broken support. Makes me think GOOG is a monster the way it's held up. What's a significant point to look for that is bullish with RIMM? Thanks

----------billyjoe

[riverbabe]

Also tried to get MER on a bounce yesterday but failed. Will try again today. River

[New-born baby]

Thanks for the calls, Ninner. I'll look 'em over and post later today.

[ninner]

zumz

one stock to add to your watchlist on the long side is ZUMZ....it has monster volume at the highs...it just broke out here and should go back down to retrace the breakout area...hopefully on low volume....if that happans..then it will go back up to retest those big volume highs...u buy on the retracement....

[ninner]

rimm

i will throw my opinion on RIMM..and i wouldnt touch it just yet...its real price is 200 smackers...and i think this baby will shake and bake down to that level....hopefully the volume stays low but we will have to see....dont forget this could go back to 197 and have nothing wrong with the stock.....patience is important in this game.

[ninner]

nb BUD, i guess you agree with me on ffiv....i bought the TWM yesterday ...glad i did....up big today.

[New-born baby]

Anyone Looking For Another Short....take A Look At Ffiv....it Broke Its Up Trendline And Is Now Doing A Counter Trend Bounce....looks Like From The Chart It Can Go To The 40's ....im Monitoring It Closely....i Like That It Got Upgraded Today...again Just A Way For Them To Get Out Of Their Holdings To The Retail People Lol...its Criminal!!!

Ninner,
You're wonderful! Keep posting!

[ninner]

Ffiv

Anyone Looking For Another Short....take A Look At Ffiv....it Broke Its Up Trendline And Is Now Doing A Counter Trend Bounce....looks Like From The Chart It Can Go To The 40's ....im Monitoring It Closely....i Like That It Got Upgraded Today...again Just A Way For Them To Get Out Of Their Holdings To The Retail People Lol...its Criminal!!!

[New-born baby]

I don't know if I'm popular or not . . . spend too much time away from the computer these days. But I am glad to answer any questions.

First off, I love RIMM. HUGE upside, imho. PnF likes it to $378; I think she may even go to $400+. A GooG type stock when GooG was $220, imho. In fact RIMM has decent support at $220. The chart just screams bullishness. When she busts the $236 level, she'll hit $260 so fast she'll make your head swim. Has been holding up very well in an awful market environment.

GooG also is a big bull. I am looking for $600 out of her. Busted out over the 50 day yesterday, and today is retesting that level. Right here is a place to enter, imho. And just coming off of a double bottom, too (on the daily). A proven bull. And the internet is getting 7 billion searches per day--GooG landing the most of them. No, I love the GooG.

I'd hate to sell GooG; I'd want RIMM in my port. Can you find a way to hold both? That's my view.

If Spike (or Ski or anyone else) wants to comment here, please do.

Shot at 2007-08-09

Looks to me that ya'll get a chance to "buy this level" of $210. Perhaps . . . Friday. And yes, if $210 doesn't hold, well, I'd say my opinion of RIMM just changed directions (temporarily at least). But the rule is always "Buy support, and if support doesn't hold, sell it off."

[ninner]

FROM what i can tell

MER is going lower....it tried getting by the swing point on July 23 and failed yesterday on both volume and price and is now caught in the down draft of the 31.....im still convinced that its next stop is in the mid 55's once it cracks the 70 area on a ABC down...

good luck...i wish i would have bought some TEX aug 80 puts.....my short is working out well for me.

cheers

[riverbabe]

Okay, I'll comment. First of all RIMM is physically present and manufacturing in my home town of Waterloo, Ontario, Canada. Everytime I go up there to visit my 96 year-old mother and brother and aunts & uncles and nieces and nephews I pass the RIMM corridor where they own every building and are constantly building new ones. While at the big national/international corporate law firm in Cleveland, our Firm's patent group handled all of RIMM's U.S. and international patents. I was never allowed to own the stock because I had way too much insider information. I knew way too much about their business and patent positions. I have never invested in RIMM, even now that I am "retired" from the law firm. Guess old lessons are ingrained hard and fast. Woulda shoulda coulda. Sorry now. Riverbabe P.S. The stories I could tell you!!! If I could!!! But I can't!!!

[New-born baby]

Newborn,
This thread really shows your popularity and I'll take advantage of it if you don't mind. You seem to like both GOOG and RIMM. I'm thinking about selling GOOG or at least 1/2 of it and buying RIMM. Would that be a foolish decision in your opinion? Thanks

-----------billyjoe

I don't know if I'm popular or not . . . spend too much time away from the computer these days. But I am glad to answer any questions.

First off, I love RIMM. HUGE upside, imho. PnF likes it to $378; I think she may even go to $400+. A GooG type stock when GooG was $220, imho. In fact RIMM has decent support at $220. The chart just screams bullishness. When she busts the $236 level, she'll hit $260 so fast she'll make your head swim. Has been holding up very well in an awful market environment.

GooG also is a big bull. I am looking for $600 out of her. Busted out over the 50 day yesterday, and today is retesting that level. Right here is a place to enter, imho. And just coming off of a double bottom, too (on the daily). A proven bull. And the internet is getting 7 billion searches per day--GooG landing the most of them. No, I love the GooG.

I'd hate to sell GooG; I'd want RIMM in my port. Can you find a way to hold both? That's my view.

If Spike (or Ski or anyone else) wants to comment here, please do.

Shot at 2007-08-09