I see a lot of folks talking about going long RIMM, getting RIMM calls, and so forth.
You might be right. And you might make hundreds of percent on the trade. And I won't. Because I'm not going to do this.
I ask myself the question, particularly when tempted by a "sure fire" thing like this………..is there a technical basis for this trade? Yes, it's fallen by over 25%, but is there firm support at this level? Looking at the chart, I don't see any. Again, this stock might move ten points higher next week. Or not. But the way I trade, I want the chart on my side, and there's nothing that tells me whether this stock is going to be down or up another ten points. It's simply falling, and that's all I see.
