Monday, September 14, 2009

Dialling in the breakout.... RIMM

We went long RIMM today, as it crossed the previous High of $80.59 and closed at the day's high... We are buying the breakout here as we like the setup of the risk-reward ....


We suspect the current breakout is going to get attention from the trading world and the media...and we hope to see RIMM test previous highs of 86, over the next few trading sessions... We would have loved to see some more volume on the breakout.... But we want to press ahead of the trade, keeping a close stop of $80.50, in case of any reversals.....

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