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Television
Published August 11, 2009 Money & Investing 2 CommentsTags: CNBC Asia, Fox Business, Television
Hi Karl,
What is your take on a potential shorting opportunity on RIMM? I noticed from a technical standpoint that it fell through its 50 and 21 day moving averages (74.98 and 74.66 respectively) I know its a good company, but since a sector rotation may be going on out of tech and into other areas you have mentioned (financials, comm real estate) just wanted to know your thoughts.
Thanks,
– Patrick
Patrick,
I was looking at this for a short but I have trouble shorting in this environment and especially this caliber of a company. Given that, look at this weekly. I’m watching the 21-week mov avg and the 50-week mov avg. I think it’s not a bad short down to $60 (breakout price), but I’d keep a stop pretty tight.