Keep an eye on RIMM

[whodi]

It has been trading inside a 4 day trading range and today may end up being 5. If we can figure out the direction of the range it looks to break, could be very profitable
high of 128.36
low of 114


http://finance.yahoo.com/charts#char...urce=undefined

[JeromeFromSoutheast]

i say short it simply because my stupid f-n blackberry changed to daylight standard time one week too early

[Goods]

LOL, you're not the only one Jerome.

http://news.aol.com/story/_a/so-when...00010000000001

[whodi]

Originally Posted by whodi

It has been trading inside a 4 day trading range and today may end up being 5. If we can figure out the direction of the range it looks to break, could be very profitable
high of 128.36
low of 114


http://finance.yahoo.com/charts#char...urce=undefined

5 days now all inside 1 days trading range. That is a lot of buying and selling going on without a lot of movement which should create momentum one way or the other. It could be consolidating near highs for another breakout or it could end up being a reversal. It's very interesting though. Definitely a good one to watch and learn from.

If you were going to trade it, you could basically go long or short after a break of today's doji high at 122.79 or low of 120.56, whichever occurs. Or, you could choose to go long or short right at the open and use the opposite doji high or low as a comfortable spot to take a loss if need be. This option is obviously more speculative, so more risky.

[whodi]

I scooped some up today, starting to look very bullish. Looking more towards breaking out of this range to the upside IMO, a few more points to go. In a 7 day range right now.