Long RIMM since the earnings on a swing trade. Took a lot of pain long it yesterday. I'm have a hard stop at yesterdays lows after the weekend barrons bashing. The stock today has almost retraced all those losses with incredible relative strength. i have been calling it long in the room all day for handsome profits. I'm looking for a short term target of 46.94, and a fib expansion target on a partial swing trade to 52. I'm suspecting a slow melt up in the NASDAQ till next quarterly earnings season and this stock I'm planing on holding as a core position to swing the overall market strength.
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