Rebound?

[ConstantColorUpor]

Worrying about RIMM right now, anyone seen a rebound soon? Also thinking about buying VMW had a bad week hopefully take a turn next week looking to buy low, any opinions on either would be greatly appreciated

[Goods]

VMW has rough competition from ORCL and HPQ. And a rough market to deal with. Plus it was up 150% since coming out. I wouldn't personally buy until it finds some support. I don't think it's done going down longer term.

RIMM is tough. It's bounced off 100 twice the past couple days. Like I told Legion, another ugly day could break it into free fall. I'd wait, just my opinion.

[ConstantColorUpor]

I already have RIMM do u think i should sell? And if so when do you think I should rebuy if at all?

[Goods]

That's up to you, depends on how long you intend to hold it. I think it's a great company but a bad market will drag it down. It closed under the 50day SMA and volume has picked up on the sell side lately.

Long term, I don't see any significant support until around 66. That's a brutal drop. With this market, it's a target for profit takers and traders. Hopefully you have a profit in it. Good idea to put in a stop loss to avoid giving it back or making a loss worse. A close under 96 would be my last stop point.

Don't think a great company can't free fall. Take a look at SEB over the past year. It was money machine for me for quite a while until around April, now it's down over 1000 points.

Nothing's a sure thing. Some good news could shoot it up 20 points tomorrow but looking at it today, I wouldn't be buying any. Good luck with it.

[legion3pm]

yeah RIMM has already given me the ol' one two to the midsection.

[The Little Giants]

Here is what I put in the other thread.

Don't expect any "freefall" in RIMM. A nice healthy pullback, maybe... Consider any sizeable pullback as a gift from the gods and a great buying oppurtunity.

Now, I am not sure what you guys consider a freefall. If you own it now, well than it can definitely be painful, but as a non-owner any drop in RIMM is music to my ears. RIMM is no CROX. Keep in mind that this stock is still over 30 points above it's 200 day ma, which gives you an idea of how strong it still is. As long as it holds it's 200 then it still remains in a long term uptrend. And, I definitely expect it to hold it's 200 day ma. People (like myself) have been riding the momentum of this stock for quite some time and now with a lot of pain in the market recently people and funds are going to take profits on the superstars also (RIMM, AAPL, GOOG, etc). However, once the dust settles more institutions will be ready to step right in ready to buy it.

Now, I'm never one to tell somebody if they should sell b/c if I didn't buy it, I don't have an opinion on where to sell it. I will say that when I buy RIMM or a highflyer/high beta (volatile) stock I always keep at the very most a 5% stop loss and usually it is much lower than that.

Who know's what will happen in the coming days, especially with the looming holiday, but if RIMM see's two more consecutive down days, I will be a buyer of RIMM calls. Or, if I see a doji I'll either daytrade RIMM or still may buy a couple of speculative calls.