Closing Research In Motion (RIMM) Short

Closing Research In Motion (RIMM) Short

Folks, we just closed (i.e bought back the out of the money calls we sold a while back) our short in RIMM.  We discussed opening this trade HERE and HERE.  Now that our profit target near the $40 area, and at the bottom of the long-term downward sloping...

Update on Research In Motion (RIMM)

Yesterday we started analyzing a potential trade in RIMM to the long side, see the blog entry here: http://steadytrader.wpengine.com/research-in-motion-rimm-looking-at-gap-fill/ After hours yesterday RIMM came out with a fairly smelly profit warning for the...