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 channel has been reached we feel taking risk off the table is a)prudent and b)very much accoring to the plan layed out before we entered the trade.

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