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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Shack who wrote (64499)2/3/2001 1:20:37 PM
From: mishedlo  Read Replies (1) of 436258
 
Believe it or not, if the market is benign on Monday, I may look at RIMM calls for a daytrade.

I am fully aware of its capabilities in a benign market.
The MMs must have a boatload of this sucker they want to unload and I have watched them run this sucker up and up and up and up on light volume.

The MMs keep upping the bid, without any buy orders come in. Watched it for days and I finally had to unload my short position at a loss, for as far as I could see it had the ability to hit 90.

If the MMs need to reload, it will go right back where it came from. I am hoping they unloaded most of their position over the past couple days or so. To say that RIMM is a little unusual is an overstatement. It seem to stay into a trend for longer than normal. When I do sell my PUTS I will not be as quick to reload on the next bounce.

Boy would I love to see a downgrade based on PE evaluation. It would literally drop to 25 bucks overnight.

But nooooooooooooooooo!
We will see the downgrade when it hits 15.

M
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