Thursday, June 25, 2009

Quick Thoughts on RIMM

It looks like the 200 day EMA (Exponential Moving Average) is showing strong signs of support.

Also, as the stock price has dropped so to has the volume, this is a very good sign that the momentum is shifting, or at least the selling is slowing down. Couple this with the MACD and the MFI both showing an up turn in the stock.

I want to take advantage of the potential move back up but I am not 100% in the bullish (short term, YET.) So, I have legged into a September Long Call position, wanting to have a total of 10 contract I have open just 5 for now.
What I am going to be doing is setting up another calendar type trade...but adding all my positions at different times when I see certain indicators and pricing triggers.

For more Information contact me directly at...
CoachNuge@gmail.com
OR
InvestingDAZE@gmail.com
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